ICB Level 2 Manual Bookkeeping Course, Distance Learning Bookkeeping Course

The ICB Level 1 Manual Bookkeeping Certificate or equivalent must have been completed prior to being able to sit the examination for this level.

This course covers more in depth bookkeeping tasks and will take you through to the preparation of final accounts for a sole trader.

The course is structured in a format that allows you to study in your own time at your own pace. We provide you with everything needed to complete your course and exam so that you can concentrate on your studies without having to worry about extra costs for materials or the inconvenience of arranging mock and full exams.

• Workbook.
• Study guide and notes.
• Assignments.
• Model answers to tasks enabling you to monitor your own progress.
• Unlimited exam preparation mock papers with marking and feedback.
• Unlimited qualified tutor support for the duration of the course and exam.
• ICB Exam fee. (Ł55.00)
• Postage and packaging.(Ł9.50)

It is assumed that you ICB Membership is up to date as this is covered in level 1

On average this course takes between 50 and 55 hours of study time including exam time.

Examinations for the level II Certificate and level III Diploma in Manual Bookkeeping are delivered through Pearson Vue. Pearson Vue centres currently deliver the Driving Theory Test and have over 5000 test centres in 162 countries, and over 200 centres in the UK. The exams are computer based and can be taken at any time subject to availability at your nearest test centre. Your nearest centre can be located on the Pearson Vue web site.
We will provide our students with mock exam simulations in order to familiarise with the exam process.

This course will prepare you to demonstrate their ability to understand and carry out the following functions:

VAT Returns
1) Show an understanding of the requirements for making VAT returns
2) Prepare VAT returns
3) Explain the balancing figure on the VAT return and its implications for the business

Cash Books
1) Explain the imprest system for dealing with petty cash
2) Enter opening balances and transactions into a petty cash book
3) Calculate and bring down balances
4) Restore the imprest
5) Post the analysed totals to the relevant ledger accounts
6) Set up a three column cash book and post relevant items including cash discounts involving VAT

Reconcile Sales and PurchasesLedger Accounts
1) Explain the need for reconciling the sales and purchases ledger accounts
2) Explain how discrepancies in the reconciliation can occur
3) Carry out a reconciliation of the sales and purchases ledger accounts

Correction of Errors
1) Correct errors in the accounts including those involving the suspense account

Bank Reconciliation Statements
1) Explain the discrepancies between bank statements and the bank columns of cash books
2) Update the cash book
3) Prepare such statements

Trading and Profit and Loss Account for a Sole Trader
1) Explain their purpose
2) Prepare them from
i) Ledger accounts
ii) Trial balances
iii) Lists of balances
3) Derive and explain
i) Gross profit (or loss)
ii) Net profit (or loss)
iii) Cost of goods sold
4) Adjust the trading, profit and loss account for
i) Depreciation (straight line and reducing balance Methods)
ii) Prepayments and Accruals
iii) Bad debts

Balance sheet for a Sole Trader
1) Explain their purpose
2) Compile them from ledger accounts and a trading and profit and loss account
3) Explain the meaning of:
i) Capital
ii) Debtors and creditors
iii) Fixed and current assets

Year End Ledger Entries
1) Close off the ledger accounts at the year end making allowances for depreciation, prepayments and accruals

Non-Profit Making Organisations
1) Prepare a statement of affairs
2) Accurately prepare a receipts and payments account
3) Make adjustments to the accounts with regard to the accruals and prepayments of income and expenditure items including subscriptions
4) Prepare an income and expenditure account
5) Prepare a balance sheet

Once students have achieved the Level 2 Certificate in Manual Bookkeeping, they make take the Level 3 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.

Monthly Instalments
Deposit of Ł95 followed by 3 Months at Ł65. Total Ł290
Please Click Here for Application form and Terms & Conditions

"ICB Level II Certificate in Manual Bookkeeping"