ICB Manual Bookkeeping Levels 1 & 2

This bookkeeping course covers both the first and second stage in becoming ICB Certified. Increase your knowledge and at the same time your earnings potential. Level two Certification will be invaluable when searching for that new job or indeed students planning to offer a bookkeeping service to small business.

This course will take students through the basic and Intermediate stages of becoming a fully qualified and professional bookkeeper. Bookkeeping can be a very exciting, challenging and financially rewarding career. Learn to understand how a business works on a day to day basis at the same time producing accurate figures detailing exactly how the business is doing.

All businesses no matter how small are required by law to produce financial records.If you are disciplined and methodical in your approach then bookkeeping could well be with career for you. This subject proves to be very popular with mothers trying to find a work and family balance. Many have found that working from home on a part time basis will provide a sound financial income in between the school run and school holidays.

Bookkeeping provides a recession proof income and career for any student moving into this field. In fact this is one of the few business that actually gets busier during a recession as many of our past students are now finding out. Join the growing list of qualified students looking to improve their prospects and Income. Enrol online today!

Take advantage of the savings and enrol onto both stages of the ICB certification path.

Level One Certificate

Module One:

Starting up a business
Business categories
Bookkeeping and bookkeepers
Reasons for keeping records
HMRC
Legal requirements
The principles of double entry bookkeeping
Types of accounts
Profit and loss, balance sheet and cash flow
Getting used to debits and credits

Module Two:

An introduction to VAT
What is VAT?
Input and output tax
VAT rates
VAT schemes
Registering a business for VAT #
Records that need to be kept
VAT account #
VAT returns
How to calculate VAT at 17.5%
How to calculate vat at reduced rate of 5%
Showing VAT on invoices
Example VAT invoice layout

Module Three:

Books of original entry
What are the books of original entry?
How are the books of original entry used?
Source documents for the books of original entry
Sales day book
Purchases day book
Returns inward day book
Returns outward day book
Cash book
Balancing the cash book
Setting up a two column cash book
Petty cash and the imprest system
The general journal
Making opening entries in the general journal
The purchases of fixed assets in the journal
The correction of errors in the journal
Credit control
The terms creditors and debtors explained

Module Four:

The purpose of ledger accounts
The sales ledger
The purchase ledger
The general ledger
Capital expenditure and revenue expenditure
Nominal, real and personal accounts
Make opening entries in the ledger accounts
Posting to the ledger accounts
Calculating and recording the balances in the ledger accounts
How to balance ledger accounts
Writing off bad debts
Payroll transactions

Module Five:

Bank reconciliation
Checking the bank statement against the cash book
Creating the bank reconciliation statement
Updating the cashbook

Module Six:

Trial balance
What is a trial balance?
Why you need to perform a trial balance
Examples of debit balances and credit balances
Errors in the trial balance
Types of errors that the trial balance does not disclose
Actions to take to correct errors

Module Seven:

Business administration
Setting up business documents
Producing business documents
A sample VAT sales invoice
A sample credit note
A sample customer statement of account

Module Eight:

The data protection act
Sale of goods
Key facts
Banking: functions and services
Business current account
Paying in slips
Bank giro credits/credit transfer
BACS
Standing order
Direct debits
Internet banking

Module Nine:

End of course exercises

Post opening balances
Post details to the cash book
Post sales and purchase invoices to the sales and purchase day books
Post petty cash expenses to the petty cash book
Balance the day books and post balances to the ledgers
Prepare the VAT account
Balance off the ledger accounts and extract a trial balance

Level Two Certificate

Module one: Introduction to Bookkeeping

Unit 1: Introduction to Bookkeeping
What is bookkeeping?
Why keep books?
Why you should learn about bookkeeping
Bookkeeping methods available

Unit 2: Principles of the double entry bookkeeping system
Basic concepts
Double entry
Assets and liabilities
Balancing both sides of a transaction
Debit and credits
Books of prime entry
Presentation of accounts

Unit 3: The accounts
Different types of transactions
Balancing the accounts
Capital and stock

Unit 4: Debit and credit entries and VAT
VAT
Accounting for VAT

Unit 5: Simple business stuctures and the cash book
The cash book
Where the use of a cash book is appropriate
The analysed cashbook

Module Two: The Accounts Books

Unit 6: Bank and cash records
The cash book
Petty cash
The imprest system
Petty cash vouchers
The petty cash book
Cash Discounts
The role of the banks
Bank reconciliation
Updating the bank account

Unit 7: The ledger
Dividing the ledger
Sales ledger
Purchase ledger
Bad debts
Private ledger
General ledger
Sales, purchases and returns
Expenses
VAT account
Adjustments to the ledger

Unit 8: The day books
Introducing the day books
Sales day books
Purchases day book
Returns day book
Analysed day book

Unit 10: Business documents
Uses of documents
Purchase orders
Acknowledgements
Advice notes
Delivery notes
Goods received notes
Invoices
Credit and debit notes
Statements and reconciling

Unit 11: Memorandum items
Using cheques
Paying in slips
Receipts

Unit 12: Wages and salaries
Gross and net pay
Gross
Pay
Deductions
Calculating net pay
Wage packets
Wage records
Overtime and bonuses
Security

Unit 13: Stock records
Defining stock
Controlling stock
Stocktaking
Valuing stock
Impact of deferring valualtions

Unit 14: The journal
Books of prime entry
Layout of journals
Bad debts
Transfer of capital
Purchase and sale of fixed assets
Corrections
Opening accounts

Module Three: Profit, loss and balance sheets

Unit 15: Calculating the profit figure using the profit and loss account
Defining profit
Ratio analysis
Trading account and the P and L
Accruals and prepayments
Depreciation
Summary

Unit 16: A trial balance
The trial balance
Control accounts
Sumary

Unit 17: The balance sheet
Assets and liabilities
Revenue and capital expenses
Assets
Liabilities
Net assets
Working capital
Analysing the balance sheet
Changes in the balance sheet
Formatting the balance shet
Accruals
Prepayments
Extended trial balance
Balance sheet ratios
Summary

Unit 18: The accounts of clubs
Accounts for clubs
Receipts and payments
Income and expenditure
Balance sheet
Summary

Unit 19: Credit control
Credit checking
Credit control procedures
Credit control and the law
The need for prompt payments
Summary

Unit 20: Partnerships
The law
Parnership agreements
Appropriation of the partnerships profit
Summary

Qualification 1:

Bookkeeping Level 1 & 2 Certificates
Completion certificates Issued by the UK Open College

Qualification 2:

ICB Level 1 & 2 Bookkeeping Certificates

 

This is a fully accredited and recognised award. See our qualifications page for further details

Prospects for a fully qualified bookkeeper are huge. The possibility of working on a freelance basis or holding a responsible position within a company are all available to ICB qualified students. Opportunities at level two are significantly increased. Many agencies and recruitment companies advertise for roles attracting salaries at up to £30K per annum.

All students have one year to complete this course from date of registration. Students are welcome to complete this course as quickly as they want to.

On average this course is completed in 120 hours ( 8/10 months).  Extensions can be arranged if students do not complete within the year and charges will apply. We would ask you to contact our office on 0800 0131030 for latest extension fees if required.

We recommend that students complete 4-6 hours per week as a minimum to get the most from this course. Remember to work out a study plan / timetable before you start and try and stick to it.

One Years ICB membership is included in the course fee. Valid from date of registration.

The benefits of membership also include:

		Professional letters after your name
		Membership certificate sealed by the Institute
		Membership card
		Access to the 'members only' section on the Institute's web site
		Notification of Bookkeeping Job Vacancies in your area
		Free Technical advice line covering all aspects of bookkeeping
		Free legal advice line for business and personal usage
		Free access to technical and legal downloads
		Free updates on changes in legislation which might affect bookkeeping
		Free advice and guidance on setting up a private practice
		Free information on employment opportunities which arise
		Regional meetings
		CPD (continuing professional development) seminars
		Access to ICB Plus - Exclusive offers on professional and everyday products and services

This course is issued in paper format. This course comes complete with a basic stationery pack and A4 ring binder.

Your course materials will be delivered to you at the specified address within 7 days of enrolment. International students should allow up to 21 days for delivery.

All students on this course will be registered to a personal tutor who is contactable via email or post. We also have a team of dedicated advisors to help and advise with any course related queries. The tutors role is to help and support students for the entire duration of their studies. Please remember our tutors are here to help. Never be embarrassed to ask for help.

This course is completed using continual assessment, allowing your tutor to closely monitor your progress every step of the way. This course consists of twenty nine lessons overall. Students will be required to submit numerous tutor marked assignments via email or post proving their understanding of the subject covered. A grade and report will be issued on your progress with any suggestions for improvement if necessary

Students are required to complete online level one examination and external examination for level two to gain ICB Certification. External exams can be done at pearson vue training centres worldwide of which there are 5000+. see www.pearsonvue.com

Course fees include one Sample paper and one exam attempt. Additional fees will be incurred if students require a retake.

Course Fee: Starting at: £479.00

UK Student can choose to pay their course fees in full upon enrolment (£479.00) or take out a pay as you study plan as follows. Please note ICB Student membership and both exams are included in the fees. This is worth £135.00.

Enrolment Fee	£129.00
8 x  Monthly payments	£50.00
Total Fees Payable	£529.00
Pay in full and Save	£50.00

Call our office on 0121 2880181 for guaranteed acceptance onto our pay as you study plan* (Applies to UK Students only) 

MOD Personnel can claim a 10% Reduction on fees when paying in full by quoting BFPO10 when contacting us. Proof will be required.

*Valid Debit/Credit card required .