ICB Certificate in Bookkeeping Lvl 2 Course (Papers B1,B2 & B3)

Unit 1 - Underpinning Knowledge

Understand the importance of adhering to a code of Professional Ethics Understand the basic differences between the structures of different types of businesses
Understand the importance of legislation that applies to bookkeepers Understand the basic elements of a contract
Understand the Accounting Equation
Understand the concept of reporting on a cash basis for income tax purposes Identify the various methods of payments and receipts to and from a bank account
Understand the need for bank security
Understand the basic accounting concepts

Unit 2 - Business Documents

Understand the purpose and range of business documents.
Understand the need to accurately prepare business documents for goods supplied
Understand the need to check business documents received

Unit 3 - Ledger Accounts & The Division Of The Ledger

Understand the purpose of, and make entries into, the ledger accounts
Use a set of control accounts in the ledgers

Unit 4 - Books of Prime Entry

Understand the purpose of, and make entries into, the books of prime entry Explain how the books of prime entry integrate with the ledgers
Entering invoices and credit notes into books of prime entry
Preparing sales day book, sales returns day book, purchase day book and purchase returns day book
Prepare an opening journal entry for a business
Prepare a journal entry to record purchase of a fixed asset

Unit 5 - Accounting For VAT

Understand the process of dealing with and accounting for VAT in the ledgers
Explain the differences in levels of VAT - Standard, Zero,
Exempt and outside the scope
Extract VAT from VAT inclusive amounts
Correctly account for input and output tax in the ledgers
Explain significance of debit and credit balances in the VAT accounts Understand how VAT is calculated and entered into the books of account for invoices: Invoices to customers and suppliers from outside the EU that are zero rated
Invoices to customers and from suppliers outside the UK but within the EU that
a) are not registered for VAT in their own country
b) are registered for VAT in their own country

Unit 6 - Making & Receiving Payments

Understand the use of an analysed cash book Record income and expenditure into an analysed cash bookUnderstand the purpose and need to record petty cash
Understand the purpose and use of the two and three column cash books

Unit 7 - Trial Balance

Understand the purpose and use of the trial balance
Prepare a trial balance from the ledger accounts
Understand what to do if the trial balance does not balance
Open a suspense account where applicable to account for any imbalance

Unit 8 - Use a Computerised Accounts Package

Health and safety
Business set up
Processing nominal ledger and subsidiary ledger accounts
Generate reports