Manual Bookkeeping Course Level 1

Training Pack Includes:

Study material, Mock Exam fees, ICB Exam fees, ICB Membership and ICB Qualified tutor support.

The ICB Basic Bookkeeping Level 1 course has been designed for people wishing to develop an understanding of the basic concepts of double entry bookkeeping and in doing so gain a professional bookkeeping qualification. The course is also the prerequisite for ICB Manual Bookkeeping Level 2 and ICB Computerised Bookkeeping level 2 qualifications.
Prerequisites.

There are no prerequisites for this course. It is designed for complete beginners.
About this Course:

Whether you are intending to enter the job market, run your own bookkeeping business or wish to carry out the bookkeeping tasks for your own business this course is the ideal starting point.

The course is structured in a format that allows you to study in your own time at your own pace.

The course fee includes: £175.00

Workbook containing lessons, examples, tasks and assignments.
• Revision pack.
• CD Rom containing 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.

There are no hidden costs .

Duration.

On average this course takes between 45 and 50 hours of study time including exam time.

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.
This course will prepare you to understand and carry out the following exam tasks:

Business Documents
1) Design and produce purchase orders, sales invoices, credit notes and statements of account which include VAT and trade discount
2) Understand the basic law relating to contract, the sale of goods and the retention of documents
3) Understand the nature of different accounting procedures including a simple system for coding business data
4) Understand the need to have an authorisation system for ordering goods
5) Understand the need for a systematic filing system for business documents as part of the general administration of a business
6) Understand the importance of using recognisable documents in a standard house style
7) Understand the various methods of ordering e.g. fax, internet etc

Books of Original Entry
1) Explain why they are needed and from what source of information they are compiled
2) Explain the principles of the double-entry system
and the functions of the books in this regard
3) Draw up the books and enter transactions in them
4) Post from them to the ledger accounts
5) Make opening journal entries from items provided
6) Make journal entries for the purchase of fixed assets
7) Make journal entries for the correction of errors
8) Correctly set up and make entries in a two column cash book
9) Understand the importance of credit control within a business

Credit Control
Explain the importance of credit control ensuring that :
1) Payments are made on time
2) Overdue debts are reviewed

Ledger Accounts
1) Explain their purpose
2) Explain the difference between capital and revenue items, and between real, nominal and personal accounts
3) Explain the significance of debit and credit entries in each of them
4) Make opening entries in them
5) Record the double-entry of transactions for capital and revenue items
6) Calculate and record their balances
7) Write off bad debts
8) Make correct entries for payroll transactions

Trial Balances
1) Explain why they are needed
2) Explain the types of error that they will/will not disclose
3) Explain the action to be taken in the case of non-agreement
4) Correct any errors made in the posting of any transaction not involving the suspense account.
5) Prepare such trial balances

Security of data
1) Understand the basic principles of the Data Protection Act
2) Understand the functions and services of banks
3) Describe the treatment of cheques, direct debits, standing orders, credit transfers, giro credits, CHAPS, BACs, credit and debit cards
4) Use cheque books and paying in slips correctly

Once students have achieved the Level I Certificate in Basic Bookkeeping, they make take the Level II 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.