ICB Level 1, 2 & 3 Bookkeeping Course
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ICB Level 1, 2 and 3 in Manual Bookkeeping by Distance Learning
ICB Level 1 and 2 and 3 Bookkeeping Course
NEW AND UPDATED TO MEET ALL THE LATEST LEGISLATION
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Further Details
INCLUDES ICB MEMBERSHIP FOR 12 MONTHS
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 bookkeeping skills for your business, your job or keep track of finances. Essential Bookkeeping prepares you for a number of nationally recognised qualifications and is also the perfect starting point for a career in accounting.
This Course Helps you
develop a good level of basic bookkeeping skills
prepare for more advanced bookkeeping training
acquire the underpinning knowledge needed for Accounting NVQs
gain a recognised bookkeeping qualification
Do I need any experience or qualifications to take this course?
No prior knowledge is necessary to study this course, although an interest in figures and financial transactions will be an advantage.
What will I gain from this course?
Essential Bookkeeping is the starting point to help you develop a good level of basic bookkeeping skills. The course leads to a choice of nationally recognised qualifications and introduces all the central principles of bookkeeping, whether it's to help with running your business, to develop new skills for your job or just to help you stay on top of your finances.
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 accountant, 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:
an Introduction to your personal tutor who will be assisting you in your learning
a study guide that will help you to begin your studies
an introduction to the course and subject of book-keeping
a total of 23 self-contained study modules that are structured to help you learn
a set of assignments with advice on how and when to complete them
How long will the course take?
To complete this course it will take in the region of 90 study hours which can be spread over a 12 month period to suit the student and you can work as fast or as slow as you like.
What topics are covered by this course?
Level 1 Book Keeping
Unit 1 – An introduction to record keeping
The importance of keeping accurate financial records
The layout of a bank account and its entries
Balancing the account
Unit 2 – Further bank account transactions
Types of income and expenditure
The analysed bank account
Unit 3 – Double Entry Book Keeping – Cash Transactions
Basic double entry accounts for bank transactions
Further account balancing
The trial balance
The cash account
The capital account
Accounting for payroll transactions
Unit 4 – Double Entry Book Keeping - Credit Transactions
Credit transactions
Developing accounts for customers and suppliers
Splitting the Ledger
Entering credit transactions into the accounts
Unit 5 – The Calculation of VAT and the development of business documents
The concept of VAT and VAT registered businesses
Calculating VAT
The production of business documents containing VAT
Dealing with trade and cash discounts
Unit 6 – The posting of VAT Transactions to the Ledgers
The posting of cash and credit items to the ledger for a VAT registered business
VAT Input and VAT Output accounts
The single Vat Account
How to calculate VAT exclusive and VAT inclusive amounts
Unit 7 – Day Books
Explanation of day books
Making entries into the various books
Posting day book entries to the relevant accounts in the correct ledger
Level 2 Book Keeping
Unit 1 – Cash Books
Two column cash books
Revision of cash discount
Three column cash book
The Petty Cash Book
Unit 2 – Correction of errors
Types of errors
Correcting the ledgers
The suspense account
Unit 3 – Reconciling the accounts
Bank reconciliation
Control Accounts – reconciling customer and supplier balances
The VAT Return
Unit 4 – Introduction to Final Accounts of a Sole Trader
The nature of profit
Calculating gross and net profit
The Trading, Profit and Loss Account
The Balance Sheet
Unit 5 – Adjustments to Final Accounts
Accruals and prepayments
Depreciation
Bad debts and the Provision for Bad Debts
Further corrections and adjustments to profits
Unit 6 – End of Year Ledger Entries
Closing of the ledger accounts at the year end
Exam Information
On successful completion of our course we will provide you with a completion diploma.
As a member of the ICB they will send you all the information you require to take the exams.
We will pay your student membership for 12 months.
The Level 1 Certificate in Manual Bookkeeping is taken at home on a Friday, you arrange with the ICB for them to send the test papers out to you and you complete them from home then send it back to them.
The Level 2 Certificate in Manual Bookkeeping is sat in a centre. The ICB arrange the centre and notify you with a map and 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 (10-20minutes) unless you live in very rural areas.
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 1 £20.00
Level 2 £25.00
Will I need any additional materials?
No other books are necessary for this course. However, if you require further reading, Frank Wood's and Alan Sangster's Business Accounting 2 (ninth edition) published by Pitman will prepare you for the examinations listed below and is also suitable for use with our Advanced Book-Keeping course. Therefore, if you wish to progress to a further stage, you will not have to buy another textbook.
What is the course specification?
This course will prepare you for a number of examinations, including:
ICB Certificates in Basic Bookkeeping (level 1) and Manual Bookkeeping (level 2)
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 Level 1 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:
an introduction to your personal tutor who will be assisting you in your learning
a study guide that will help you make the most of your course
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 although this is not essential as the course is mapped to the exam.
What is the course specification?
This course will prepare you for the ICB Level 3 Diploma in Manual Book-Keeping.
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
Opening and Closing Stock
Accruals and prepayments
Deprecation: Straight Line and Reducing Balance Methods
Provisions for Bad Debts
Unit 2: Final Accounts - The Double Entry
This unit aims to:
Show the ledger entries for adjustments to the accounts including:
Stock
Accruals
Prepayments
Depreciation
Provision for bad debts
Disposal of fixed assets
Unit 3: Incomplete Records
This unit aims to:
Show you how to calculate net profit using the following methods:
Comparison of Capital Account Balances
Producing a Statement of Affairs
Producing a trading, profit and loss account from a set of incomplete records
Introduce the mark up and margin method of calculating profit
Unit 4:Partnership accounts
This unit aims to:
Give you an introduction to the legal aspects of forming a partnership
Show you how to appropriate the net profit so that each partner receives the correct amount including:
Interest on capital accounts
Interest on drawings taken out by each partner
Partnership salaries
Show you how to correctly formulate a partnership appropriation account and a balance sheet
Give you an understanding of what happens when a partner leaves or a new partner joins
Unit 5: Manufacturing Accounts
This unit aims to:
Explain the term' manufacturing' in an accounting concept
Distinguish between various types of cost
Show how to prepare a manufacturing account from given information
Develop the trading, profit and loss account for a manufacturing business
Unit 6:Limited Companies
This unit aims to:
Explain the legal aspects of a limited company
Describe the various types of shares that exist
Introduces the idea of reserves
Demonstrate how the final accounts of a limited company are developed
Show how to deal with the issue of shares in an accounting framework
Unit 7 Not for Profit Organisations - Clubs & Societies
This unit aims to:
Demonstrate the compilation of the following:
Receipts and payments account
Income and expenditure account
Balance Sheet
Subscriptions Account
Unit 8: Correction of Errors
This unit aims to:
Show you how to open a suspense account to hold the discrepancy figure when a trial balance does not balance
Develops how to clear the suspense account balance by correcting the ledger accounts
Explains the effect of such corrections on a net profit/loss figure
Unit 9:Extended Trial Balance
This unit aims to:
Explain the concept of an extended trial balance
Demonstrate how to extend a standard trial balance with the introduction of adjustments
Calculate net profit or loss
Check calculations by the format of
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