ICB Level 2 and 3 Certificate in Bookkeeping and Accounts – Full Membership MICB

Course code: OSC1343

This course provides everything you need to know about bookkeeping, so enrol now to study with an award-winning home learning provider with tutor support!

  • Study a flexible course that is accredited by the Institute of Certified Bookkeepers(ICB), the world's largest bookkeeping institute.
  • A successful pass on this complete package will allow you to gain ICB full membership status, proving your bookkeeping skills to employers or customers.
  • Develop advanced-level knowledge of bookkeeping processes and practices, from single-entry manual bookkeeping to fully computerised accounts.
  • Gain real skills, allowing you to work for all types of organisations and as a freelance bookkeeper.
This course is only available as a study pack.
Course Overview

This bundle provides everything you need to know about bookkeeping, so enrol now to study with an award-winning home learning provider with tutor support!

Course Duration

Up to 2 years.

Course Outcome

You will receive an ICB Level 2 Certificate in Bookkeeping (AICB) and an ICB Level 3 Certificate in Bookkeeping and Accounts (MICB).

Entry Requirements

No prior bookkeeping knowledge is needed to enrol onto this course, but you should have basic numerical skills.

Assessment

A mixture of tutor-marked assignments, online tests and examinations.

Course Content

ICB Level 2 Certificate in Bookkeeping – Associate Membership AICB

  • Understand the importance of adhering to a code of professional ethics
  • Understand the legal differences between the structure of different types of businesses
  • Understand the specific accounting requirements for different accounting systems
  • Understand the basic accounting concepts
  • Understand the importance of legislation that applies to bookkeepers
  • Understand the importance of the chart of accounts
  • Understand the importance of IT systems in a modern bookkeeping world
  • Understand the basic principles involved in double entry bookkeeping including the format of the accounting equation
  • Identify the various methods of payment and receipts to and from a bank account
  • Understand the purpose and range of business documents
  • Understand the need to accurately prepare business documents for goods and services supplied
  • Understand the need to check business documents received
  • Understand the various rates of VAT
  • Understand how to correctly account for VAT in a bookkeeping system
  • Understand how to account for VAT transactions with customers in, and suppliers from, other countries
  • Understand the purpose of, and making entries into, a bookkeeping system
  • Calculate the value of equity
  • Understand how to upload and match bank transactions
  • Understand the use of control accounts in the system
  • Understand the purpose and need to record petty cash
  • Post appropriate journal entries into the system
  • Understand the purpose and use of the trial balance
  • Reconcile relevant account balances
  • Understand the need to correct errors
  • Produce relevant reports

ICB Level 3 Certificate in Bookkeeping and Accounts – Full Membership MICB

  • Understand the importance of adhering to a code of ethical principles
  • Understand when and how to take appropriate action to cope with unethical behaviour
  • Understand the legal differences between the structures of various types of businesses
  • Understand the main accounting concepts that apply
  • Understand the various accounting standards that are applied to the production of year-end accounts
  • Understand the different VAT schemes that are available for use
  • Understand the importance of being able to clearly communicate relevant information
  • Understand the requirements for uploads to HMRC under making tax digital (as and when introduced)
  • Reconcile debtors and creditors control accounts
  • Write off a bad debt
  • Correct errors in the accounts
  • Reconcile the VAT account
  • Complete a VAT return
  • Account for the disposal of fixed assets
  • Understand the need to allow for, and be able to post, adjustments to the accounts
  • Provide for revaluation of assets
  • Prepare a set of final accounts suitable for internal management purposes
  • Calculate and post relevant amounts to appropriate profits as required
  • Adjust capital share of partners
  • Understand the importance of interpreting financial statements for internal management purposes
  • Analyse and interpret financial statements
  • Prepare a cash budget