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ICB Certificate in Bookkeeping Level 2

This online course provides a solid foundation for gaining bookkeeping skills that are essential to business and offers industry-standard certification through ICB, the world’s largest bookkeeping institute.

Level 2 / ICB Certificate / OSC57

WAS £619.00

NOW £469.00 or only £100.00 initial deposit

Method of study

Paper

Choose how you want to pay

Course Title:ICB Certificate in Bookkeeping Level 2

Awarding Body:Institute of Certified Bookkeepers

Average Duration:180 hrs

Course Support:12 months expert tutor support

Course Description

Successful Bookkeeping is a fundamental part to the smooth running of any business. Ensuring that financial transactions are processed efficiently is key to financial stability and therefore the demand for suitably qualified bookkeepers cannot be understated.

Undertaking the Level 2 Certificate in Bookkeeping course is the necessary first step to receiving credibility in this field, as it enables you to become an assistant bookkeeper under supervision.

A successful pass in this qualification will also allow you to become an Affiliate Member of the ICB and use the designated letters AfICB after your name.

The course itself covers everything from payment methods to understanding how to use a computerised accounts package. It is designed to instil basic competence in recording day to day financial transactions as well as preparing you for the ICB Level 3 Certificate in Bookkeeping.

Please note:  Whilst studying your course you will also be asked to install the Sage software (your materials will tell you when to do this). From the point when you have installed the software you will have 6 months to complete the computerised section.

As part of this course package you will also receive:

  • FREE ICB 1-year Annual Subscription and Registration fee worth £78.00
  • FREE Sage 50 Accounts Level 2 software

Course Info

Course Title:ICB Certificate in Bookkeeping Level 2

Awarding Body:Institute of Certified Bookkeepers

Average Duration:180 hrs

Course Support:12 months expert tutor support

Previous Knowledge

No previous knowledge or experience is essential to study this course, however you should ideally have basic numeracy skills.

Assessment

The assessment for this qualification comprises three online tests, which can be taken at home or at work. You must successfully pass all three tests in order to gain the full qualification. If you would prefer to study without the full ICB examination assessment, we can issue you with a certificate proving your completion of the course, following success in all the tutor marked assessments.

Awarding Organisation

The Institute of Certified Bookkeepers is the largest bookkeeping institute in the world. It is the main provider of industry recognised bookkeeping qualifications in the UK and offers a wealth of specialised bookkeeping related qualifications at different levels and the award of grades of membership that recognise academic attainment, working experience and competence.

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 and 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
  • Enter transactions into control accounts from the relevant books of prime entry

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.
  • Learning the difference between the following levels of VAT:
  • Standard rate
  • Reduced rate
  • Zero rate
  • Exempt of VAT
  • Outside the scope of VAT
  • Extract the VAT from a VAT inclusive amount
  • Correctly account for input and output tax in the ledgers including amounts that are VAT inclusive
  • Explain the significance of debit and credit balances in the VAT accounts
  • Understand how VAT is calculated and entered into the books of account for the following types of invoices:
    • Invoices to customers and from suppliers outside the EU that are zero rated
    • Invoices to customers and from suppliers outside the UK but within the EU that are (a) not registered for VAT in their own country, and (b) registered for VAT in their own country

Unit 6: Making and receiving payments

  • Understand the use of an analysed cash book
  • Record income and expenditure into an analysed cash book
  • Understand 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 of using computerised systems
  • Set up new business accounts
  • Processing Nominal Ledger and Subsidiary Ledger Accounts
  • Generate reports for trial balance, audit trail, nominal account transactions
  • Generate reports for bank account transactions and sales and ledger transactions
This course offers 12 months tutor support. Tutors are available to answer student questions relating to course materials and to comment on the assignments that are sent in to state how well students have understood the unit content.

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Course Description

Successful Bookkeeping is a fundamental part to the smooth running of any business. Ensuring that financial transactions are processed efficiently is key to financial stability and therefore the demand for suitably qualified bookkeepers cannot be understated.

Undertaking the Level 2 Certificate in Bookkeeping course is the necessary first step to receiving credibility in this field, as it enables you to become an assistant bookkeeper under supervision.

A successful pass in this qualification will also allow you to become an Affiliate Member of the ICB and use the designated letters AfICB after your name.

The course itself covers everything from payment methods to understanding how to use a computerised accounts package. It is designed to instil basic competence in recording day to day financial transactions as well as preparing you for the ICB Level 3 Certificate in Bookkeeping.

Please note:  Whilst studying your course you will also be asked to install the Sage software (your materials will tell you when to do this). From the point when you have installed the software you will have 6 months to complete the computerised section.

As part of this course package you will also receive:

  • FREE ICB 1-year Annual Subscription and Registration fee worth £78.00
  • FREE Sage 50 Accounts Level 2 software

Previous Knowledge

No previous knowledge or experience is essential to study this course, however you should ideally have basic numeracy skills.

Assessment

The assessment for this qualification comprises three online tests, which can be taken at home or at work. You must successfully pass all three tests in order to gain the full qualification. If you would prefer to study without the full ICB examination assessment, we can issue you with a certificate proving your completion of the course, following success in all the tutor marked assessments.

This course offers 12 months tutor support. Tutors are available to answer student questions relating to course materials and to comment on the assignments that are sent in to state how well students have understood the unit content.

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 and 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
  • Enter transactions into control accounts from the relevant books of prime entry

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.
  • Learning the difference between the following levels of VAT:
  • Standard rate
  • Reduced rate
  • Zero rate
  • Exempt of VAT
  • Outside the scope of VAT
  • Extract the VAT from a VAT inclusive amount
  • Correctly account for input and output tax in the ledgers including amounts that are VAT inclusive
  • Explain the significance of debit and credit balances in the VAT accounts
  • Understand how VAT is calculated and entered into the books of account for the following types of invoices:
    • Invoices to customers and from suppliers outside the EU that are zero rated
    • Invoices to customers and from suppliers outside the UK but within the EU that are (a) not registered for VAT in their own country, and (b) registered for VAT in their own country

Unit 6: Making and receiving payments

  • Understand the use of an analysed cash book
  • Record income and expenditure into an analysed cash book
  • Understand 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 of using computerised systems
  • Set up new business accounts
  • Processing Nominal Ledger and Subsidiary Ledger Accounts
  • Generate reports for trial balance, audit trail, nominal account transactions
  • Generate reports for bank account transactions and sales and ledger transactions

Awarding Organisation

The Institute of Certified Bookkeepers is the largest bookkeeping institute in the world. It is the main provider of industry recognised bookkeeping qualifications in the UK and offers a wealth of specialised bookkeeping related qualifications at different levels and the award of grades of membership that recognise academic attainment, working experience and competence.

Why should you choose NCC for your home learning?

1

Price Match

We promise to price match if you find the same course elsewhere. Contact our team within 14 days of purchase and we will refund the difference.

2

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We're the top rated home learning provider on the independent reviews site, Trustpilot - currently rated 9.7/10 for customer service.

3

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Unlike many distance learning providers, we offer our students the choice of learning online, or from a paper booklet.

4

Payment Plans

Choose to pay for your course in full, or spread the cost with monthly instalments. Payment plans are interest-free, and no credit checks are undertaken.

5

Tutor Support

Our course tutors are experts in their field. They're on hand to mark your assignments and offer feedback and guidance throughout your course.

6

Your Pace

Work at your own pace. Our team will support you, but won't chase you for work or apply deadlines for submissions. 

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WAS £619.00

NOW £469.00 or only £100.00 initial deposit

Method of study

Paper

Choose how you want to pay