ICB 2 Computerised
ICB Level 2 Certificate in Computerised Bookkeeping is ideal for people wishing to upgrade to AICB membership and gain a professional qualification using Sage
We are the only company offering a choice of software for your learning. Sage Instant Accounts or Sage 50 Accounts Professional. The sage Instant Accounts option focusses entirely on the ICB syllabus, whereas the Sage 50 Professional option also covers three bonus levels of Sage training worth up to £245 if purchased separately, along with three extra certificates of competence, Beginner, Intermediate and Advanced.
Computerised bookkeeping is now the preferred method as it is less time consuming and easier to process transactions and reports than the traditional manual methods. Most Bookkeepers and Accountants are now using accounting software in order to remain efficient and competitive. It is also a requirement if you wish to attain AICB membership status.
Prerequisites.
The ICB Level 1 Manual Bookkeeping Certificate or equivalent must have been completed prior to being able to sit the examination for this course.
About this Course:
There are three main software packages provided by Sage, each developed for use by different types of business. Training Link are the only ICB Accredited training provider to offer students a choice when it comes to Computerised Bookkeeping and Payroll studies.
Choosing the right package is crucial as it could have a major impact when setting up a bookkeeping business or applying for jobs.
Option 1:
Sage 50 Accounts Professional. This package is recommended for and used by professional Bookkeepers, Accountants and corporates. It has the capability to deal with unlimited stock control, special products, foreign currencies, forecasting, special products and discounting plus many many more features.
It can handle unlimited business clients and be licensed for several independent users in a bookkeeping or accountancy business.
Sage 50 Accounts Professional is the most suitable package to learn as it eliminates the need for extra training. Once you have learnt this package you will be able to easily adapt to the other packages and also be in a position to apply for jobs with the any company using Sage. Most jobs advertised will require the applicant to be familiar with this top package.
Due to the cost of the fully licensed software being in the region of £1100.00 to buy we have negotiated an exclusive deal with Sage to provide you with 180 days use of the software for your studies. This is usually more than sufficient but we can extend this time in certain circumstances subject to an additional fee.
This software has been developed by Sage specifically for training purposes and is fully functional. It is not freely available from Sage and not to be confused with free trials and demo versions available.
(Beware of using free trials as they are limited in content and as such not capable of generating the reports required for the ICB exams)
As an added bonus You will also receive three Sage Business Partner competence certificates, Beginner, Intermediate and Advanced which can be used independently as evidence that you have demonstrated competence and understanding of the Sage 50 Accounts Professional package.
The training package includes:
- 3 comprehensive workbooks containing lessons, examples and tasks covering the Sage 50 Accounts professional software
- 3 Sage 50 Accounts Professional completion certificates. Beginner, Intermediate and Advanced
- 180 days use of Sage 50 Accounts Professional software
- Qualified priority tutor support by e-mail and telephone
- Free syllabus updates if required
- Mock exam marking with feedback
- Free repeat lessons
- Registration fee
- Free Postage and packaging
Option 2:
Sage Instant Accounts. This is the most basic and least expensive package provided by Sage and is designed for Sole traders and small businesses. Not Professional Bookkeepers. The software is only licenced and legally capable of being used for a single business. A professional bookkeeper whether self-employed or in employment would be expected to deal with more than one business client, and as such it is imperative that a more advanced package should be used.
In general ICB Training Providers use the Sage Instant Accounts software for ICB courses due to its low cost and also the fact that there is far less content other than what is required to pass the ICB examinations, which in turn results in less study material, less tutor integration and a shortfall in student knowledge of the software package commonly found in a bookkeeping or accountancy practice.
This can result in further time and costs being incurred at a later date where extra training may be required when faced with having to use a more advanced Sage software package.
The software is only available as a fully licenced package and if your intention is to carry out bookkeeping tasks for just one business it represents good value for money, but if it is intended for use within a bookkeeping practice with more than one client then it will be of no further use once the courses are completed. It also has no future value with Sage when upgrading to a different package.
The training package includes:
- Sage Instant Accounts fully licenced software
- Workbook
- Qualified priority tutor support by e-mail and telephone
- Free syllabus updates if required
- Mock exam marking with feedback
- Free repeat lessons
- Registration fee
- Free Postage and packaging
The course is structured in a format that allows you to study in your own time at your own pace.
NEW Fast Track study - To Compliment the launch of the ICB on demand exams we have upgraded our courses to Fast Track study which can reduce study time by more than half.
Duration.
40 hours of study.
Exams.
The exam can be taken from home by assignment. Papers are sent out by ICB virtually every Friday of the year. You will normally have between 10 and 14 days to complete the paper and return it to ICB for marking. Results can take up to two weeks.
Learning Outcomes. (Sage 50 Professional option also includes three levels of sage training)
Business Set Up
1) Access the software
2) Set up the details of the new business including:
i) Name, address, start up date, VAT registration where applicable,
ii) Product lines for sale
iii) Appropriate VAT rates
3) Set up customers' and suppliers' accounts in the sales and purchases ledger, with details of name, address, credit limit, opening balances where appropriate
4) Obtain a print out of all details in an appropriate and readable format
5) Set up appropriate accounts to record income and expenditure items
6) Set a pro-forma for the production of invoices, credit notes and other required documents
Ledger Accounts
Make correct entries in the appropriate accounts for:
1) credit sales and purchases (including trade and cash discount where appropriate, individually or in batches)
2) credit notes sent to customers and received from suppliers
3) invoices received from suppliers for goods and services other than those for re-sale
4) cash sales and cash purchases
5) payments made on invoices received
6) receipts from invoices sent
7) payment of expenses and income other than from the sale of goods
8) transactions via the journal
9) Writing off of bad debts
Correction of errors
Correct any errors made in the posting of transactions to the accounts
Bank reconciliation
Carry out a bank reconciliation exercise using a computerised accounts package
Health and Safety
Display an awareness of health and safety issues when using a computer system
Trial Balances
1) Explain why they are needed
2) Explain the types of error that they will/will not disclose
3) Prepare such balances
4) Explain the action to be taken in the case of non-agreement
Reports
Print out required and explain the importance of reports including
i. audit trail
ii. nominal account transactions
iii. sales and purchases ledger transactions
iiii. VAT returns
Final Accounts of a Sole Trader
Extract a trading, profit and loss account and a balance sheet making allowances for year end adjustments such as depreciation (straight line and reducing balance methods), 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
This course is available to purchase at the same time as levels 1, 2 and 3 manual bookkeeping and Payroll Management Diploma and as such enable you to make a saving on the overall costs when purchasing extra levels individually.
If you have not yet completed the Level 1 Manual Bookkeeping course this is a prerequisite and will have to be purchased prior to or at the same time as this course.
Monthly Instalments
Deposit - £114 followed by 5 payments of £64
Total - £434 - Click here for application form
