ICB Level 1 Certificate in Basic Bookkeeping
The ICB Basic Bookkeeping Level 1 course has been designed for people wishing to develop an understanding of the basic concepts of double entry bookkeeping and in doing so gain a professional bookkeeping qualification.
Prerequisites.
| £225.00 |
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There are no prerequisites. It is designed for complete beginners.
About this Course:
Whether you are intending to enter the job market, run your own bookkeeping business or wish to carry out the bookkeeping tasks for your own business this course is the ideal starting point.
The course is structured in a format that allows you to study in your own time at your own pace. We provide you with everything needed to complete your course and exam so that you can concentrate on your studies without having to worry about extra costs for materials or the inconvenience of arranging membership and exams
Training Pack Includes:
• Workbook containing lessons, examples, tasks and assignments.
• Revision pack.
• CD Rom containing exercise and assignment sheets.
• Qualified tutor support by e-mail and telephone.
• Free syllabus updates if required.
• Mock exams with feedback.
• Free repeat lessons.
• NEW Online ICB exam simulation test.
• Registration fee.
• Free Postage and packaging.
Topics covered within this level are as follows:
BUSINESS DOCUMENTS
Design and produce purchase orders, sales invoices, credit notes and statements of account which include VAT and trade discount; Understand the basic law relating to contract, the sale of goods and the retention of documents; Understand the nature of different accounting procedures including a simple system for coding business data; Understand the need to have an authorisation system for ordering goods; Understand the need to have a systematic filing system for business documents as part of the general administration of a business; Understand the importance of using recognisable documents in a standard house style; Understand the various methods of ordering, e.g. fax, internet etc.
BOOKS OF ORIGINAL ENTRY
Explain why they are needed and from what source of information they are compiled; Explain the principles of the double-entry system and the functions of the books in this regard; Draw up books and enter transactions in them; Post them to the ledger accounts; Make opening journal entries from the items provided; Make journal entries for the purchase of fixed assets; Make journal entries for the correction of errors; Correctly set up and make entries In a two column cash book; Understand the importance of credit control within a business.
CREDIT CONTROL
Explain the importance of credit control ensuring that:
Payments are made on time.
Overdue debts are reviewed.
LEDGER ACCOUNTS
Explain their purpose; Explain the difference between capital and revenue items, and between real, nominal and personal accounts; Explain the significance of debit and credit entries in each of them; Make opening entries in them; Record the double-entry of transactions for capital and revenue items; Calculate and record their balances; Write off bad debts; Make correct entries for payroll transactions.
TRIAL BALANCES
Explain why they are needed; Explain the types of error that they will/will not disclose; explain the action to be taken in the case of non-agreement; correct the errors made in the posting of any transaction not involving the suspense account; prepare such trial balances.
SECURITY of DATA
Understand the basic principles of the Data Protection Act; understand the functions and services of banks; describe the treatment of cheques, direct debits, standing orders, credit transfers, giro credits, CHAPS, BACs, credit and debit cards; Use cheque books and paying in slips correctly.
Monthly Instalments
| £225.00 |
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Deposit - £60 followed by 5 Monthly payments of £40 Total £260
ICB course levels can be purchased as combinations with great savings to be made
Please click here for application form and Terms & conditions.
