Bookkeeping courses ICB bookkeeping course study from home learning - ICB Course

40 hours average study time.

Examinations for the 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.

Data Protection
1) Demonstrate an understanding of the principles of the Data Protection Act

Stock Control
1) Calculate closing stock using first in first out (FIFO),last in first out (LIFO) and average cost of stock (AVCO)

Post Trial Balance Adjustments and Provisions
1) Make correct entries within the accounts for accruals and prepayments, depreciation, the provision of doubtful debts and closure of accounts at the year end

Disposal of Fixed Assets
1) Make correct entries in the accounts for the disposal of fixed assets including part exchange
2) Transfer the profit or loss on the disposal of a fixed asset to the profit and loss account
3) Calculate depreciation of remaining fixed assets after disposal (assume full depreciation in the year of acquisition and no depreciation in the year of disposal)

Extended Trial Balance
1) Analyse and develop given information to produce an extended trial balance

Incomplete Records
1) Calculate owners capital account by the compilation of a statement of affairs. Calculate sales and purchases using control accounts or a similar method
2) Using conventional book-keeping procedures, derive any other missing figures from given data
3) Analyse and make use of given data to calculate profit by comparison of capital methods
4) Produce a set of complete final accounts from a set of incomplete records

Concepts
Explain the meaning of the terms business entity, going concern and accruals concept

Partnerships
1)Explain the legal aspects of a partnership formation
2) Compile trading, profit and loss and appropriation accounts, together with a balance sheet for a partnership
3) Compile partners capital and current account
4) Apply profit sharing ratio changes to partnership accounts
5) Produce the necessary calculations for the admission of a new partner and the retirement of a partner including treatment of goodwill

Manufacturing Accounts
1)Prepare the manufacturing account identifying prime cost and total cost of production
2) Prepare a trading and profit and loss account
3) Prepare a balance sheet

Limited Companies
1) Explain the nature of limited liability and company account requirements
2) Understand the need for maintaining a fixed asset register where applicable
3) Produce a set of final accounts for a limited liability company
4) Produce the ledger work required for the issue of shares and debentures

Once students have achieved the Level 3 Diploma there are no further qualifications available for Manual Bookkeeping. You may however consider Level II Certificate in Computerised Bookkeeping and Diploma in Payroll Management.

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.

"ICB Level III Diploma in Manual Bookkeeping"