ICB Level II Manual Bookkeeping (Distance)

An experienced financial professional and trainer supports you taking this course. The professional experience of your tutor, who will be qualified accountants, increases the quality of your learning.

Course Overview

This is an introduction to Bookkeeping, which can be used as a foundation course to continue the qualification or to gain a basic bookkeeping knowledge, alone.

Course Format

The course can be taken by distance learning or blended classroom format. This is the distance course which is supported by a remote tutor who will be an accountant.

Syllabus Detail:

Students must be able to demonstrate their ability to understand and carry out the following functions.

1. Accounting for VAT

Understand the process of accounting for VAT and completing a VAT Return.

2. The Cash Book and Petty Cash Book 

• Understand the purpose and need to record petty cash. Be able to:

• Understand the purpose and use of a three column cash book. Be able to:

3. Bank Reconciliation Statement 

• Understand the need to balance bank transactions and the bank reconciliation statement.

4. Control Accounts and Reconciliation of Sales and Purchase Ledger Accounts 

Understand the purpose and use of control accounts.

5. Correction of Errors and the Suspense Account 

Understand the need to correct errors and use a suspense account until errors have been clearly identified.

6. Depreciation of Fixed Assets

Understand the need to depreciate fixed assets and calculate depreciation using appropriate rates and methods. 

7. Accruals and Prepayments

Understand the need for accruals and prepayments.  

8. Bad Debts

Understand the need to recognise and deal with writing off a bad debt.  Be able to:

9. Final Accounts of a Sole Trader

Prepare the Trading and Profit & Loss Accounts of a Sole Trader and be able to: