ICB Level 2 Certificate in Manual Bookkeeping
The ICB Level 2 Manual Bookkeeping Certificate course has been designed to follow on from ICB Level 1 Certificate and is ideal for people wishing to develop their bookkeeping skills and qualifications further. This level of certification is recommended by the Institute as being the minimum requirement to legally trade as a bookkeeper and use the letters AICB after your name.
Prerequisites.
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The ICB Level 1 Manual Bookkeeping Certificate or equivalent must have been completed prior to being able to sit the examination for this level.
About this Course:
This course covers more in depth bookkeeping tasks and will take you through to the preparation of final accounts for a sole trader.
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 mock and full exams
Your Training link course pack will consist of the following:
• Workbook.
• Study guide and notes.
• Assignments.
• Model answers to tasks enabling you to monitor your own progress.
• Unlimited exam preparation mock papers with marking and feedback.
• Unlimited qualified tutor support for the duration of the course and exam.
• ICB Exam fee. (£55.00)
• Postage and packaging.
• It is assumed that you ICB Membership is up to date as this is covered in level 1
Topics covered within this level are as follows:
VAT RETURNS
Show an understanding of the requirements for making VAT returns; Prepare VAT returns; Explain the balancing figure on the VAT return and its implications for the business.
CASH BOOKS
Explain the imprest system for dealing with petty cash; Enter opening balances and transactions into a petty cash book; Calculate and bring down balances; Restore the imprest; Post the analysed totals to the relevant ledger accounts; Set up a three column cash book and post relevant items including cash discounts involving VAT.
RECONCILE SALES AND PURCHASES LEDGER ACCOUNTS
Explain the need for reconciling the sales and purchases ledger accounts; Explain how discrepancies in the reconciliation can occur; Carry out a reconciliation of the sales and purchase ledger accounts.
CORRECTION OF ERRORS
Correct errors in the accounts, including those involving the Suspense Account.
BANK RECONCILIATION STATEMENTS
Explain the discrepancies between bank statements and the bank columns of cash books; update the cash book; prepare such statements.
TRADING AND PROFIT AND LOSS ACCOUNT FOR A SOLE TRADER
Explain their purpose; Prepare them from ledger accounts, trial balances and list of balances; Derive and explain gross profit (or loss), net profit (or loss) and cost of goods sold; Adjust the trading, profit and loss account for depreciation (straight line and reducing balance methods), prepayments and accruals and bade debts.
BALANCE SHEET FOR A SOLE TRADER
Explain their purpose; Compile them from ledger accounts and a trading profit and loss account; Explain the meaning of capital, debtors and creditors and fixed and current assets.
YEAR END LEDGER ENTRIES
Close off the ledger accounts at the year end making allowances for depreciation, prepayments and accruals.
NON-PROFIT MAKING ORGANISATIONS
Prepare a statement of affairs; Accurately prepare a receipts and payments account; Make adjustments to the accounts with regard to the accruals and prepayments of income and expenditure items, including subscriptions; Prepare an income and expenditure account; Prepare a balance sheet.
Monthly Instalments
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Deposit of £95 followed by 3 Months at £65. Total £290
ICB course levels can be purchased as combinations with great savings to be made
Please click here for Application form and Terms & Conditions
