Bookkeeping (ICB Level 1 & 2)

Bookkeeping (ICB Level 1 & 2)

The Institute of Certified Book-Keepers Bookkeeping Level 1 & 2 course is divided into thirteen comprehensive units:

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

ASSESSMENT

There will be two final examanations which make up 100% of the mark.

You will need to contact the ICB and pay to become a member which is currently £45.

Upon successful completion and achievement of the required pass mark, a nationally recognised certificate will be awarded by the Institue of Certified Book-Keepers as confirmation that your work has met all of the learning outcomes and assessment criteria for the programme.

COURSE DURATION

We recommended you spend approximately 100 hours of your time studying for the course name. The pace of study is completely up to you. To give an example, if you dedicate 2 hours a week to the course it would take you a year to complete but if you could spare 4 hours a week you could complete it in six months.

Get started today, and you can earn your Level 1 & 2 in Bookkeeping in as little as six months, or take up to a year, if you prefer – the choice is yours.

Course Fees

Our aim is to provide you with the best deal available, therefore any registration fee, certification fee and full tutor support is included in the course price for you. The enrolment fee for the Bookkeeping home study course is £493.75, though for a limited time we are offering you the opportunity to pay only £395 which is a 20% discount if you enrol online and pay in full.

You can also opt for our Easy Payment Plan and enrol online today by paying a deposit of £98.75 and then 4 equal payments of £98.75 per month. The first instalment is paid about a month after you receive your course.