ICB Bookkeeping and Payroll Package

Course Code

OSC1344

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Are you looking to pursue a career in bookkeeping and accounting, or even further your knowledge in the field? Then this ICB Bookkeeping and Payroll package could be just for you. From understanding how to enter transactions to producing the final accounts for sole-traders, partnerships, not-for-profit organisations, and Limited Companies.

Study a flexible course that is accredited by the Institute of Certified Bookkeepers (ICB), the world's largest bookkeeping institute.
Develop advanced-level knowledge of bookkeeping processes and practices, from single-entry manual bookkeeping to fully computerised accounts.
Gain recognised qualifications, allowing you to work for all types of organisations and as a freelance bookkeeper.
A successful pass on this qualification will allow you to gain full ICB membership status and use the designated letters MICB after your name, proving your bookkeeping qualifications to employers or customers.
The ICB Level 3 Diploma in Payroll Management is a comprehensive introduction for anyone wishing to enter the field of payroll and benefit from faster career progression into payroll management.

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Study Options	This course is only available as a study pack.
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This ICB Bookkeeping and Payroll package provides you with all you need to know about bookkeeping, whilst being ideal for students who want to achieve a career in the field. If you’ve already made a start to life in bookkeeping, this bundle will boost your skills and help you progress in your career. In the package, you will work through the Level 2 Certificate in Bookkeeping, the Level 3 Certificate in Bookkeeping and Accounts, and the Diploma in Payroll Management Level 3.

During the level 2 course, you will learn to enter transactions, identify and correct errors, produce an initial trial balance, and more.

In the Level 3 course, you’ll explore post year-end adjustments and learn about producing the final accounts for sole traders, partnerships, not-for-profit organisations and Limited Companies.

Finally, the Diploma in Payroll Management is a comprehensive introduction for anyone wishing to enter the field of payroll and benefit from faster career progression into payroll management.

It is ideal for:

Students who want to develop their accounting and bookkeeping knowledge
Those aspiring to work or progress their career in accounting, finance, or bookkeeping.

Future career options:

Chartered accounting
Finance manager
Management accounting
External auditor
Forensic accountant
Stockbroker
Internal audit
Business analyst

You will also receive the following to support your studies:

Free registration and a 1-year subscription to the ICB
Free Sage software to support your studies

All course materials will be delivered to you by post or via email, so it couldn’t be easier. Our experienced and friendly tutors will help you every step of the way by email.

Course duration

Up to 3 years.

Course outcome

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

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.

ICB Diploma in Payroll Management Level 3

Legislation PAYE, NI, pensions and RTI
Gross pay and statutory payments
National Insurance contributions
PAYE and tax codes
Statutory deductions, student loans and attachment of earnings
Directors N.I. deductions
Expenses and Benefits in Kind (BIK)
Construction Industry Scheme (CIS)
Payroll forms in a payroll system

Installation of Sage 50 payroll
Setting up and configuration
Company set up and access rights
Employee records set up
Payroll processing
Timesheet entry
Pay review and variances
Record holidays and absences
Process payrolls with holidays and absences
Processing new employees
Personnel records
Pensions and auto-enrolment
Bonuses, attachment of earning and statutory pay
Payroll year end

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

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

Assessment

During this course, you will complete several Tutor Marked Assignments in preparation for your official assessments.

For the Level 2 Certificate in Bookkeeping, as part of your official assessment, you will complete four online tests. For the Level 3 Certificate in Bookkeeping and Accounts, as part of your official assessment, you will complete four online tests and an examination. For the Diploma in Payroll Management, as part of your official assessment, you will complete one online test.

All online tests can be taken at home or work, wherever you have access to a secure Internet connection, so assessment is quick and simple. For any examinations, we can help you find an approved ICB examination centre in your area. You will be responsible for booking and paying for any assessments or exams.

Course duration

Once enrolled, you can start at any time and will have three years to complete this bundle (one year per level).

You will also receive 12 months of tutor support for each level, so you can work at your own pace.
Whilst studying your course you will also be required to install Sage software; you will get 6 months of access to this software for each course in the bundle.

Study method

The course is designed for study by distance learning at home or at work, with full tutor support by email so help is only a click away!

Course outcomes

On successful completion of all assessments, you will achieve an ICB Level 2 Certificate in Bookkeeping (AICB), an ICB Level 3 Certificate in Bookkeeping and Accounts (MICB) and an ICB Diploma in Payroll Management.

On completion of the ICB Level 2 and 3 courses you will receive full membership status with the ICB and will be eligible to use the letters MICB after your name.

Awarding body

The Institute of Certified Bookkeepers is the largest bookkeeping awarding body in the world. Offering membership to students, their industry recognised qualifications highlight your experience and competence within the bookkeeping and account profession.

What next?

When you have successfully completed the ICB Bookkeeping and payroll package, you will receive full membership status with the ICB and start your career in the world of bookkeeping and accounting.

No prior bookkeeping knowledge is needed to enrol onto this course, but you should have basic numerical skills. In addition, the SAGE software must be downloaded via the link supplied, so you’ll need a computer or laptop with an internet connection and storage space.

Dedicated personal tutor support
Dedicated learner services
Assignment marking and feedback
FREE registration and 1-year subscription to ICB
FREE Sage 50 Accounts and Payroll software
FREE CV critique service
FREE employability guide to help you impress future employers
FREE XO Student Discounts membership
Comprehensive study guide
Open Study College pen and highlighter
Student notebook

The Sage 50 software will only work on computers that run Windows 7 or higher. Sage software will not run on Windows XP or on Apple Macintosh computers. The software is available as a download only – you must have an internet connection and the ability to save the software to your device.

It's not a problem. We offer a course replacement service, so if you get into trouble and your course pack is lost or damaged, our Student Support Team can provide you with a new set of materials for a one-time additional fee.

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ICB Bookkeeping and Payroll Package

Course Code

Course overview

Course content

ICB Diploma in Payroll Management Level 3

ICB Level 2 Certificate in Bookkeeping – Associate Membership AICB

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

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ICB Bookkeeping and Payroll Package

Course Code

Course overview

Course content

Unit 1 Manual Payroll

Unit 2 Computerised Payroll

Unit 1 Underpinning knowledge

Unit 2 Prepare business documents

Unit 3 Accounting for VAT

Unit 4 Entering transactions

Unit 5 Reconciliation and reporting

Unit 1 Underpinning knowledge

Unit 2 Reconcile accounts and correct errors

Unit 3 Reconcile and produce a VAT return

Unit 4 Calculate and post adjustments to the accounts

Unit 5 Produce draft final accounts for internal management purposes

Unit 6 Interpretation of financial statements

Extra info

Q&As

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