Level 2 Affiliate (AfICB)
ICB Level II Certificate in Bookkeeping
The Level II Certificate in Bookkeeping covers the basic principles of single and double entry bookkeeping and its application to business in both a manual and computerised system.
The qualification is made up of three home based exams. Papers B1 and B2 are based around the principles of manual double entry bookkeeping. Paper B3 is based around using a Computerised Bookkeeping system.
Successful achievement at the full qualification will lead to the offer to upgrade to (Affiliate Member) of the ICB and the award of the designatory letters AfICB to be used after your name.
Occupation Role: Assistant Bookkeeper
Upon completion of this qualification you will be able to carry out the role of an employed assistant bookkeeper under supervision and be able to apply postings from the books of prime entry and from source documents to the ledger accounts and produce an initial trial balance.
You will also be able to set up a computerised bookkeeping system, enter details of all transactions and produce reports.
The majority of jobs advertised require the applicant to be either experienced or have evidence of training in Sage 50 Accounts Professional. This is renowned as the industry standard and used comprehensively by employers, bookkeepers and accountants. For those who have no experience or certification we offer our AfICB computerised courses with the Beginners module as standard. The Intermediate and Advanced modules are available at a discounted rate in our AfICB Pro packages.
No prior bookkeeping knowledge is assumed at this level but candidates must have basic numerical skills.
On completion of this level of study you will be able understand the following areas of underpinning knowledge:
- The importance of adhering to a code of professional ethics
- The differences between the structure of different types of businesses
- The importance of legislation that applies to bookkeepers
- The basic elements of a contract
- The accounting equation
- The concept of reporting on a cash basis for income tax purposes
- The concept of business entity, duality and historical cost
- Understand banking procedures including the need for security
- Understand the purpose and range of business documents, and accurately prepare them
- Understand the purpose of, and make entries into, the ledgers and books of prime entry including the use of control accounts
- Understand the process of dealing with and accounting for VAT in the ledgers
- Understand the purpose and use of the two and three-column cash book, the analysed cash book and the petty cash book
- Understand the purpose and use of the trial balance
- Understand when to open a suspense account
- Set up a business in a computerised system
- Process entries into nominal and subsidiary ledger accounts
- Print out reports as follows:
- Trial balance
- Audit trail
- Nominal account transactions
- Sales and purchase ledger transactions