ICB Level 3 Diploma Manual Bookkeeping

The ICB Level 3 Manual Bookkeeping Diploma course has been designed to follow on from ICB Level 2 Certificate and is ideal for people wishing to develop their bookkeeping skills and qualifications to a technical level. Thus enabling you to carry out bookkeeping tasks for Partnerships and Limited Companies.

Prerequisites.

£299.00

The ICB Level 2 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, Partnership and Limited Company.

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 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. (£75.00)
• Postage and packaging.
• It is assumed that you ICB Membership is up to date as this is covered in level 1 and 2

Topics covered within this level are as follows:

DATA PROTECTION
Demonstrate an understanding of the principles of the Data Protection Act.

STOCK CONTROL
Calculate closing stock using first in first out (FIFO), last in first out (LIFO) and average cost of stock (AVCO).

POST TRIAL BALANCE ADJUSTMENTS AND PROVISIONS
Make correct entries within the accounts for accruals and prepayments, depreciation, the provision of doubtful debts and closure of accounts at the year end.

DISPOSAL OF FIXED ASSETS
Make correct entries in the accounts for the disposal of fixed assets including part exchange; transfer the profit or loss on the disposal of a fixed asset to the profit and loss account; calculate depreciation of remaining fixed assets after disposal (assume full depreciation in the year of acquisition and no depreciation in the year of disposal).

EXTENDED TRIAL BALANCE
Analyse and develop given information to produce an extended trial balance.

INCOMPLETE RECORDS
Calculate owner’s capital account by the compilation of a statement of affairs. Calculate sales and purchases using control accounts or a similar method; using conventional book-keeping procedures, derive any other missing figures from given data; analyse and make use of given data to calculate profit by comparison of capital methods; Produce a set of complete final accounts from a set of incomplete records.

CONCEPTS
Explain the meaning of the terms business entity, going concern and accruals concept.

PARTNERSHIPS
Explain the legal aspects of a partnership formation; compile trading, profit and loss and appropriation accounts, together with a balance sheet for a partnership; compile partners capital and current account; apply profit sharing ratio changes to partnership accounts; produce the necessary calculations for the admission of a new partner and the retirement of a partner, including treatment of goodwill.

MANUFACTURING ACCOUNTS
Prepare the manufacturing account identifying prime cost and total cost of production; Prepare a trading and profit and loss account; prepare a balance sheet.

LIMITED COMPANIES
Explain the nature of limited liability and company account requirements; understand the need of maintaining a fixed asset register where applicable; produce a set of final accounts for a limited liability company; produce the ledger work required for the issue of shares and debentures.

Monthly Instalments

£299.00

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