Are there any previous skills or qualifications required to register for this course? Students are required to have completed level two or have equivalent knowledge prior to starting this course
What qualification is awarded upon completion? All successful students will be awarded the ICB Diploma in Manual Bookkeeping. This will entitle students to use the letters M.I.C.B after their name. Qualified members can apply for the institutes practising certificate and apply for liability insurance. See www.book-keepers.org for details. Am I required to sit an exam? Yes! An external examination is required to gain the ICB Advanced Level Three Diploma. The ICB have hundreds of centres situated across the UK. Exams can also be sat in countries throughout the world. Exam fees and ICB membership fees are not included in the course fees. These fees are payable directly to the Institute by the student and will cover you for one year. We can help you with how to arrange membership. Exams are held in February, June and October of each year. You need to apply for examination at least one month before. Call in for latest costs. Do I have to attend any classes? No! This course can be completed entirely from the comfort of your own home. How is my coursework assessed? There are four grades possible for each assignment. A Fail, Pass, Merit or Distinction can be achieved. If you fail you can re-submit at no extra charge until you get it right! A distinction is the highest grade and requires work of a very high standard and presentation. You will be given guidance to help improve your grades if necessary. What if I fail my course? Don’t worry. We are confident in what we do therefore we offer a guarantee which allows students to retake the whole course completely free if the worst happens. What if I have a question relating to my course? No problem! All students on this course can email student support with any questions they may have. Monday-Friday What is included in the cost of my course? - Fully accredited Course in A4 folder
- Pen, pencil and ruler
- Document holder
- Plain paper
- Free post envelopes
- Calculator
- Unlimited support Monday- Friday during office hours
This course comes complete in a college study bag allowing you to transport it and study anywhere. Real flexibility! What is the duration of the course? Is there a time limit for completion? This course will take approximately 60 hours to complete. There is no time limit for completion. You can take as long as you wish or alternatively complete as quickly as you want. What is covered in the syllabus? The syllabus consists of the following ten units: Unit one: Trading and profit/loss account and balance sheet-sole trader - Preparing final accounts
- Identifying items in the accounts
- The trading and profit/loss account
- Balance sheet
- Adjustments to the accounts
- Worked example
- Extended trial balance
Unit two: Depreciation - Reasons for depreciation
- Methods of depreciation
- Where depreciation is not for a whole year
- Accounting entries for depreciation
- Disposal of a fixed asset
Unit Three: Incomplete records - Organisations that use incomplete records
- Dealing with incomplete records
Unit Four: Partnership accounts - The partnership act 1890
- Partnership agreements
- Partner’s current accounts
- Profit/loss appropriation accounts
- Loans from partners
- Changes to partnership arrangements
- Revaluation of assets and liabilities on admission of a new partner
- Goodwill
- Retirement of a partner
- A change in profit sharing ratio
Unit Five: Manufacturing accounts Unit six: Income and expenditure accounts - Clubs, societies and charities
- The accounts of clubs, societies and charities
Unit seven: Company accounts - What is a limited company?
- Forming a company- an intro
- Financing a limited company
- The accounts of a limited company
- Reserves
- Journal entries to record the sale of shares
- Redemption of shares and debentures
- Cash flow statements
Unit eight: Control accounts, suspense accounts and correction of errors - Control accounts
- Suspense accounts and errors
- Limitations of trial balance and control accounts
Unit nine: interpreting accounts-accounting ratios - Why use accounting ratios?
- Ratios which are commonly used?
Unit ten: stock - Valuation of stock
- FIFO and LIFO methods of stock valuation
- AVCO method of stock valuation
- Continuous weighted average
- Retail selling price
- Working with stock records
- Stocks of consumable stores
- Other stock notes
What are the career opportunities and salary potential when working in this field? When giving our students careers advice, we like to leave it to the experts. Visit www.monster.co.uk and see for yourself. You will find thousands of national employment opportunities at your fingertips, giving you relevant and up to date information. By visiting monster you will get the real facts. There is also the opportunity to work on a self employed basis and offer a service to companies. Can you send me this info in the post? Unfortunately not, we list all our course details online including fees, duration and syllabus. By doing this we are able to keep our fees to a minimum. Please contact us if you have further questions. Can I pay the course fees in instalments? Yes no problem at all. Take a look at the payment method page in the top right hand corner for further details. Payment plans can only be arranged by calling FREE on 0800 0131030. All payment plans incur a £15.00 admin charge. What if I receive my course and it’s not suitable? We offer a seven day money back guarantee on this course. If for any reason you are not happy please return it to our office within seven days of receipt and we will refund your money. Please be aware all courses require a signature upon receipt. The seven day period starts from the date it is signed for. No refunds are given after seven days whatever the circumstances. Money back guarantee excludes postage costs. It is also the student’s responsibility to cover return postage costs. All returns must be sent recorded delivery to our trading address shown on the contact us page. |
