Bookkeeping Level 3 (ICB)
Sponsored links
This home learning course covers the third and final stages in becoming ICB Certified. Increase your knowledge and at the same time your earnings potential. Level three Certification will be invaluable when searching for that new job or indeed students planning to offer a bookkeeping service to businesses. Students qualified to this level can go onto offer a service to sole traders., small businesses, Partnerships and Limited Companies.
| Delivery: |
|
| Category: |
Further Details
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
Types of cost
Types of stock
Manufacturing account
Trading account of a manufacturing business
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
Information provided is for information purposes only and no guarantees are made with regards to accuracy. It is advised that all details are checked prior to making a booking. Contents © 1999 - 2012. All rights reserved.
