Level 3-BA4 Inc £26 Exam Fee

Product Code:tl-icb-L3-BA4


£355.00 Including Enhanced Learning, 24/7 Online ROGO Knowledge testing and exam fee.

£355.00

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About this course
The ICB level 3 Bookkeeping and Accounts course B4 has been designed for people wishing to develop a further understanding of Bookkeeping to include Preparation of a VAT Return, Calculating adjustments to the accounts in relation to Opening and closing stock, Depreciation of fixed assets, Accruals and pre-payments, Provision for doubtful debts and Prepare the final accounts for a Sole Trader business using both a manual and computerised System.

Prerequisites
Level 2 AfICB under the 2014 syllabus, or level 1 Manual under the pre-2014 syllabus plus Level II Computerised B3 from the new syllabus. Please get in touch with our course consultants if you are unsure. 

A good understanding of the English language is essential.

Enhanced Learning (Fast Track)
We significantly reduce the amount of time taken to complete our courses by eliminating the time consuming elements. There is no reduction whatsoever in the learning content, in fact we believe our courses and self tests cover more detail than those found elsewhere.

Duration
Only 30-35 hours average study time with Enhanced Learning

NB - Sage Software not compatible with macs

Course content in detail.

 

•Legislation and ethics
•The Data Protection Act
•Money Laundering
•The Proceeds of Crime Act 2002 (POCA)
•The Money Laundering Offences
•The Bribery Act
•Codes of ethics and practice
•Reporting suspicious behaviour
•Accounting Concepts
•Going Concern
•Consistency
•Prudence
•Accruals (or Matching Concept)
•Supplier and Customer Reconciliation
•Control Accounts
•Bank Reconciliation
•Reconciliation of Supplier Statements
•Purchase and Sales Ledger Control Accounts
•Set offs
•Dishonoured payments and receipts
•Bank Reconciliation
•The Bank Statement
•Stages in Reconciliation
•Bank Accounts with Overdrafts
•Multiple entries
•Non-matching opening balances
•Refer to drawer – "bounced” cheques
•VAT Returns
•VAT periods
•Filling out the VAT return
•Submitting the return
•Ledger entries to record the payment or refund of vat
•The end of paper VAT returns
•Postage and packing charges
•Bad Debts and VAT
•Cash Accounting
•Who can use the scheme?
•Transactions with customer and suppliers based outside the UK
•Outside the EU
•Sales to customers outside the EU
•Goods purchased from outside the EU
•Reverse charge:
•Summary of VAT Return entries
•Other VAT Schemes
•The Flat Rate Scheme
•Retail Schemes
•The Margin Scheme for Second Hand Goods
•Filling in the VAT return
•Partial Exemption
•Correction of Errors
•Simple Corrections
•Error of Original Entry
•The General Journal
•Error of Original Entry
•Error of Omission
•Error of Commission
•Error of Principle
•Error of Reversal
•Compensating error
•The Journal
•Aide memoire
•Errors that will affect the trial balance
•The suspense account
•Introduction to Final Accounts
•An introduction to profit
•Gross profit
•Stock Valuation
•Net profit
•Items of additional income
•Discounts allowed and received
•Non-trading businesses
•Subsequent years trading
•The Balance Sheet
•The Accounting Equation
•Developing the balance sheet
•Working Capital
•VAT registered businesses
•Long Term Loans
•Accruals and Prepayments
 
Course content Computerised section.

Unit 1:
•Installing the Software 

Unit 2:
•Sage and the Chart of Accounts
•Backing Up previous accounts
•Clearing down the system
•Company details
•Types of businesses
•General Business

Unit 3:
•Business set up
•Cash Accounting Scheme
•Entering the correct VAT registration scheme details
•Summary - The Sage Default System
•Fixed Assets
•Current Assets
•Current Liabilities
•Long-term Liabilities
•Capital and Reserves
•Sales
•Purchases
•Direct Expenses
•Overheads
•Recording Bank Account Details
•Recording the opening bank monies

Unit 4:
•Customers and Suppliers
•Entering Customer Details
•Setting Credit Control
•Editing customer records
•Setting the customer default information
•Suppliers’ Details
•Editing suppliers’ details

Unit 5:
•Processing Invoices and Credit Notes
•Entering invoices

Unit 6:
•Payments and Receipts
•Recording Payments to a Supplier
•Recording Receipts from Customers
•Report Details – Type column

Unit 7:
•Statements, Bank Payments & Recurring Entries
•Statements 
•Cash Transactions
•Recurring Bank Account Entries
•Setting up a Recurring entry

Unit 8:
•Bank Reconciliation

Unit 9:
•VAT Returns
•Value Added Tax (VAT)
•A reminder of Input and Output VAT
•Sage VAT Account
•VAT Return
•Checking the entries
•Reconciling the VAT Return
•Clearing the VAT Control Accounts

Unit 10:
Please note: this section does not cover the weekly and monthly processing payroll. It covers how to enter the payments into the accounting system. Payroll is a separate subject.

•Payroll Journal
•The Use of the Journal
•Payroll Journal
•Legal requirements
•Payroll Terms
•Gross Pay
•Deductions from Gross Pay
•Pay As You Earn
•Income Tax
•National Insurance Contributions (NIC)
•Employees’ contributions
•Employer’s contributions
•Wages Summary
•Bookkeeping Entries
•Payment to HMRC
•Payment to employee
•Correction of Mistakes

Unit 11:
•Year End Adjustments
•Journal Entries
•Accruals and prepayments
•Depreciation
•Straight Line
•Reducing Balance
•Bad Debts
•Provision for Doubtful Debts
•Increasing the Provision
•Closing Stock
•Yearend Adjustments Continued:
•Running the Year End
•Health and Safety - The use of Computers
•Employers’ Risk Assessment

Unit 12:
Sole Trader Year End – ICB Exam Revision
•Changing program date
•Open Balances
•Stock Valuation and Stock Journals
•Transferring opening stocks
•Entering closing stock
•Chart of Accounts
•Accruals and Prepayments
•Accruals (or matching) concept
•Prepayments
•Depreciation
•Methods of calculating depreciation
•The straight line method of depreciation (SLM)
•Timing and charging depreciation
•Disposal of fixed assets
•Bad debts and write offs revisited
•Provision for bad (or doubtful) debts
•Provision for bad or doubtful debts and the ledger
•Apportionment of overheads

Mock exam.



 

Exam preparation
End of course tests and Online exam simulation tests are the perfect way to ensure you have the best possible chance of success. Our specialist examinations department will provide you with feedback advice and support plus any additional lessons you may need prior to taking exams. We use the same testing system as the ICB so you will have a perfect insight to the real thing.
Please note: Past ICB examination papers are no longer valid under the new syllabus.

Exams
The Level 3 Certificate in Bookkeeping and Accounts Paper BA4 is an online examination covering the manual aspects plus a further paper covering the Computerised elements that has to be downloaded, the tasks completed and uploaded back to the system for marking. Uninterrupted access to a secure internet connection will be required for the online examination. Exam fee included
Level 3 BA5
Level 3 BA6
Level 3 BA7
Level 4 ABA8
Level 4 ABA9

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