ICB Levels I & II - Combined BBS103/203

Save 15% on your tuition fees by selecting the combination package Level I & II in Manual Bookkeeping ICB Certified. An excellent way to begin your Professional Bookkeeping career.

Student comments:

Just a quick email to let you know I passed my Level II Bookkeeping exam with a result of 100%. Very pleased and now covered in certificates. Many thanks again to you, the college and tutors for your help during my course. It was very much appreciated. Helen Clarke, UK

I just wanted to let you know that I was very excited to see all my course material arrive in the post today. I am truly impressed by how quickly and efficiently my application was dealt with! I am really pleased to be embarking on something that will enhance my CV and hopefully my job prospects!
Emma Cooper, UK

Course Facts

This is one of the few professions where qualified people are in huge demand, nationally and internationally. Bookkeepers are in short supply worldwide. It\'s a great time to enter the profession.

This course is accredited by the ICB - Institute of Certified Bookkeepers. Bookkeeping is a rapidly expanding profession - it provides outstanding career opportunities for men and woman of all ages and backgrounds. Whether you want to work in an accounts department, start your own bookkeeping business, or simply look after the books of your own or partner\'s business, success as a bookkeeper can be yours.
This Certificate in Practical Bookkeeping includes both levels I and II of The Institute of Certified Bookkeepers (ICB) and is suitable for either the beginner, or people with only basic knowledge. It provides a very sound foundation, and covers more than what is often covered in introductory courses at other colleges.

Exam results

Four out of five of our students achieve passes with Distinction. This is due to our Expert Tutor Support programme, the course content and ADL\'s commitment to helping students achieve their goal.

Tuition cost: £420 and includes:

• 12 Course lessons for Level I & Level II
• Assignments
• Exam practice
• Access to learning resources
• Unlimited Tutor support ‚Äì vital to your success
• ICB Student Registration fee £45: (includes the first 12 months student membership of the ICB)
• ICB exam fees: Level I - £25 and Level II - £55

Qualifying as a Bookkeeper

To qualify as a professional Bookkeeper students need to complete Level II Computerised Bookkeeping after completing Levels I & II. Upon successful completion of the 3 levels students will be invited to become a member of the ICB. As a member, you will be entitled to use the letters AICB (Associate Member of the Institute of Certified Bookkeepers) after your name.

This Practical Certificate in Bookkeeping is an industry-recognised qualification awarded by the ICB, which is the largest bookkeeping organisation in the world. The certificate is aimed at those who are new to the industry.

The course teaches the principals of double entry bookkeeping by using the manual method. This approach is essential in order to understand the theory of double entry bookkeeping. It prepares students for Computerised Bookkeeping level II taken at the next stage.

Prerequisites

Level I: Prerequisites are not required for Level I Basic Bookkeeping. The course is targeted towards complete beginners - those wanting to entry the profession as a career for the first time.
Level II: Level 1 Basic Bookkeeping Certificate or equivalent.

Starting your own Bookkeeping Business

To qualify as a self-employed bookkeeper studens need to complete:
Level I – basic Bookkeeping
Level II – Manual bookkeeping
Level III – Computerised Bookkeeping

Completing the three (3) levels is now a compulsory requirement under the new Money Laundering Legislation. The ICB is always on hand to provide free advice and guidance. Whatever your commitments, bookkeeping is an ideal career choice for those wanting to run a business or simply expand there career options.

What Will I Learn?

This is a sound foundation course for anyone working or wishing to work in bookkeeping, including:

• Business owners
• Administration or accounts employees
• Anyone wishing to start a self-employed bookkeeping business
• Anyone seeking a career as a bookkeeper
• Gaining this qualification will add value to your CV, increase your job opportunities and tells potential employers that you are serious about the profession.

Course Structure:

Level I and II consists of a total of 12 lessons, and focuses mainly on small businesses and a career in bookkeeping.

Level I - duration: 50 hours

1. Introduction - The Nature and Function of Accounting
This first lesson covers the basic purpose and scope of bookkeeping for service firms, the uses of financial information, and accounting standards and conventions.

2. Analysing and Designing account Systems
How to set up a bookkeeping system, the steps in the operation of the system and additional information on other business documents.

3. Balance Sheet
The use and and purpose of balance sheets. The balance sheet is like a snapshot of the business at a particular point in time. Every transaction affects the balance sheet in some way.

4. Double Entry Bookkeeping Recording Process
Step by step instructions on how to set up double entry bookkeeping.

5. Books of Original Entry
The need for and function of \'special journals\'. Journals represent the start of the recording process and are often referred to as books of original entry.

6. Accounting for VAT
Understanding the VAT process and the methodologies employed for VAT calculations, how to complete the VAT 100 Form and the entries required to record VAT transactions for sales, purchases and expenses.

Level II - duration: 50 hours
7. General Journal

Set up and use a general journal and the appropriate ways of closing ledger accounts at the end of an accounting period.

8. Profit and Loss Statement

Prepare a Profit and Loss statement. The profit report is prepared using the balances of the revenue and expenses accounts which are transferred to the Profit and Loss account.

9. Depreciation on Non-Current Assets

Determine appropriate approaches to depreciation of non-current assets. Depreciation is the allocation of the cost of a non-current asset to the accounting period in which it helps to earn revenue.

10. Profit Determination and Balance Day Adjustments

The \'accrual\' and \'cash\' basis of accounting, the matching process, and the need for balance day adjustments.

11. Cash Control: Bank Reconciliation and Petty Cash

Understand the cash cycle, the need for control over cash , the various methods used in controlling cash, the need for the bank reconciliation processes and the petty cash system.

12. Cash Control: Budgeting

A budget is a financial plan of action. A cash budget sets out the cash inflows and cash outflows which a business needs to undertake in order to achieve its financial goals Budgeting is a vital part of the business decision-making process.

Each lesson culminates in an assignment which is submitted to the college, marked by the college\'s tutors and returned to you with any relevant suggestions, comments, and if necessary, extra reading. Students have unlimited tutor support.

Aims of the Course

Explain types of balance sheets, assets, liabilities.
Design an accounting process.
Utilize ledgers, transaction records, trial balances.
Define what a business\'s liquidity is and the two calculations used to measure it.
Prepare a credit sales journal
Prepare a credit purchase journal
Post a sales journal to the general ledger
Post a purchases journal to the general ledger
Describe VAT