Advanced Bookkeeping Course by Distance Learning ICB Level 3

Who is this course intended for?
UK Open Learning courses are specifically designed in a format that allows you to study at your own pace, in your own time, wherever you wish. This course is suitable if you wish to develop more advanced book-keeping skills and is particularly suitable if you are thinking of taking up a career in book-keeping or if you are freelancing or running your own business.
Pre-Requisites
You will need RSA Book-keeping Stage I or GCSE Accounting or taken our ICB Level1 and 2 course.
What will I gain from this course?
This follow-on from our ICB Level 1 and 2 book-keeping will help you develop a more advanced level of book-keeping skills. It is particularly suitable if you are thinking of taking up a career in book-keeping, or if you are freelancing or running your own business. Leading to a number of recognised qualifications, this course looks in detail at the book-keeping processes and requirements of a range of different businesses. You will learn a range of book-keeping, accounting and business skills, and receive full preparation for gaining your chosen qualification.
What can I expect from this course?
Taking a UK Open Learning course means there are a number of people to help you. You will be assigned a personal tutor, an experienced teacher, who will provide regular feedback by marking your assignments. You can contact your tutor by email, as well as by post. Your course materials will contain:

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  an introduction to your personal tutor who will be assisting you in your learning


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  a study guide that will help you make the most of your course


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  a total of 10 units that are structured to help you learn

How long will the course take?
Each of the 10 units will take between two and three hours to complete. In addition one to two hours should be spent on each of the eight assignments.
The course also contains 10 assignments and various with advice on when and how to complete them.
Will I need any additional materials?
No other books are necessary for this course. However, if you require further reading , Frank Wood's Business Accounting 2 (eleventh edition) published by Pitman will prepare you for the ICB Level 3 examination.
What is the outcome of this course?
You may work through this course without intending to obtain a qualification. However, if you do decide to work towards the ICB Level 3 qualification you may find useful to contact the ICB for past papers.
What is the course specification?
This course will prepare you for the ICB Level 3 Diploma in Manual Book-Keeping.
Exam Information
The Level 3 Diploma in Manual Book-keeping exams are sat in a centre. The ICB arrange the centre and notify you with a map, directions and times. Most examinations are at 9:30am. They have centres all over the world, and in the UK they are not normally very far away (10-20 minutes) unless you live in very rural areas. UK Open Learning does not have access to the centres so you will need to contact the ICB for details.
Those two examinations are held on the 2nd Wednesday of every February, June and October, and the deadline for entry is the 20th of the month prior, I.E January, May and September.
Exam Fees:
Level 3: £30.00
Tutor Support:
You will receive full tutor support for this course by e-mail and post by a working chartered accountant. You will have support for a full 12 months from when you order the course. To complete this course it will take in the region of 90 study hours which can be spread over the year.
What topics are covered by this course?

Study Guide
Unit 1: Show you how to produce a set of final accounts for a sole trader including

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  Opening and Closing Stock


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  Accruals and prepayments


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  Deprecation: Straight Line and Reducing Balance Methods


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  Provisions for Bad Debts

Unit 2: Final Accounts - The Double Entry

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  Show the ledger entries for adjustments to the accounts including:


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  Stock


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  Accruals


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  Prepayments


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  Depreciation


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  Provision for bad debts


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  Disposal of fixed assets

Unit 3: Incomplete Records

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  Show you how to calculate net profit using the following methods:


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  Comparison of Capital Account Balances


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  Producing a Statement of Affairs


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  Producing a trading, profit and loss account from a set of incomplete records


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  Introduce the mark up and margin method of calculating profit

Unit 4: Partnership accounts

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  Give you an introduction to the legal aspects of forming a partnership


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  Show you how to appropriate the net profit so that each partner receives the correct amount including:


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  Interest on capital accounts


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  Interest on drawings taken out by each partner


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  Partnership salaries


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  Show you how to correctly formulate a partnership appropriation account and a balance sheet


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  Give you an understanding of what happens when a partner leaves or a new partner joins

Unit 5: Manufacturing Accounts

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  Explain the term' manufacturing' in an accounting concept


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  Distinguish between various types of cost


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  Show how to prepare a manufacturing account from given information


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  Develop the trading, profit and loss account for a manufacturing business

Unit 6: Limited Companies

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  Explain the legal aspects of a limited company


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  Describe the various types of shares that exist


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  Introduces the idea of reserves


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  Demonstrate how the final accounts of a limited company are developed


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  Show how to deal with the issue of shares in an accounting framework

Unit 7: Company accounts
Demonstrate the compilation of the following:

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  Receipts and payments accounts


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  Income and expenditure account


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  Balance Sheet


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  Subscriptions Account

Unit 8: Correction of Errors

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  Show you how to open a suspense account to hold the discrepancy figure when a trial balance does not balance


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  Develops how to clear the suspense account balance by correcting the ledger accounts


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  Explains the effect of such corrections on a net profit/loss figure

Unit 9: Extended Trial Balance

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  Explain the concept of an extended trial balance


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  Demonstrate how to extend a standard trial
  Guide Price: 395