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. The syllabus also falls in line with the Money Laundering Regulations 2007
Prerequisites.
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.
The course fee £230 includes:
• Workbook containing lessons, examples, tasks and assignments.
• CD Rom containing pre designed exercise and assignment sheets.
• Qualified tutor support by e-mail and telephone.
• Free syllabus updates if required.
• Mock exams with feedback.
• Free repeat lessons.
• NEW. Online ICB exam simulation test.
• Registration fee
• Free Postage and packaging.
Duration.
35 hours average study time. Duration 6 - 12 months.
Exams.
Examinations for the level II Certificate and level III Diploma in Manual Bookkeeping are delivered through Pearson Vue. Pearson Vue centres currently deliver the Driving Theory Test and have over 5000 test centres in 162 countries, and over 200 centres in the UK. The exams are computer based and can be taken at any time subject to availability at your nearest test centre. Your nearest centre can be located on the Pearson Vue web site.
We will provide our students with mock exam simulations in order to familiarise with the exam process.
Learning Outcomes.
VAT Returns
1) Show an understanding of the requirements for making VAT returns
2) Prepare VAT returns
3) Explain the balancing figure on the VAT return and its implications for the business
Cash Books
1) Explain the imprest system for dealing with petty cash
2) Enter opening balances and transactions into a petty cash book
3) Calculate and bring down balances
4) Restore the imprest
5) Post the analysed totals to the relevant ledger accounts
6) Set up a three column cash book and post relevant items including cash discounts involving VAT
Reconcile Sales and Purchases Ledger Accounts
1) Explain the need for reconciling the sales and purchases ledger accounts
2) Explain how discrepancies in the reconciliation can occur
3) Carry out a reconciliation of the sales and purchases ledger accounts
Correction of Errors
1) Correct errors in the accounts including those involving the suspense account
Bank Reconciliation Statements
1) Explain the discrepancies between bank
statements and the bank columns of cash books
2) Update the cash book
3) Prepare such statements
Trading and Profit and Loss Account for a Sole Trader
1) Explain their purpose
2) Prepare them from
i) Ledger accounts
ii) Trial balances
iii) Lists of balances
3) Derive and explain
i) Gross profit (or loss)
ii) Net profit (or loss)
iii) Cost of goods sold
4) Adjust the trading, profit and loss account for
i) Depreciation (straight line and reducing balance Methods)
ii) Prepayments and Accruals
iii) Bad debts
Balance sheet for a Sole Trader
1) Explain their purpose
2) Compile them from ledger accounts and a trading and profit and loss account
3) Explain the meaning of:
i) Capital
ii) Debtors and creditors
iii) Fixed and current assets
Year End Ledger Entries
1) Close off the ledger accounts at the year end making allowances for depreciation, prepayments and accruals
Non-Profit Making Organisations
1) Prepare a statement of affairs
2) Accurately prepare a receipts and payments account
3) Make adjustments to the accounts with regard to the accruals and prepayments of income and expenditure items including subscriptions
4) Prepare an income and expenditure account
5) Prepare a balance sheet
Once students have achieved the Level 2 Certificate in Manual Bookkeeping, they make take the Level 3 Certificate in Manual Bookkeeping or Level II Certificate in Computerised Bookkeeping.
These courses are available to purchase at the same time and as such enable you to make a saving on the overall costs when purchasing extra levels individually.
Monthly Instalments
Deposit - £65 followed by 5 monthly payments of £40
Total - £265 - Click here for application form
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