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ICB Level 2 Certificate in Bookkeeping

Course Code: OSC925
Course Level: 2

Course Overview

Learn the principles of bookkeeping, from home!

Study with an ICB Luca award-winning home learning provider!

  • Winner! ICB Luca Awards - Tutor of the Year 2014
  • Winner! ICB Luca Awards - Small Accredited Training Provider of the Year 2014
  • Develop core skills in application to both manual and computerised bookkeeping.
  • Gain a solid foundation in all the key aspects of bookkeeping.
  • Study a course that is accredited by the Institute of Certified Bookkeepers (ICB), the world's largest bookkeeping institute.
  • A successful pass on this qualification will allow you to become an Affiliate Member of the ICB and use the designated letters AfICB after your name. This will enable you to work as an Assistant Bookkeeper under supervision.
  • This course is an ideal introduction to bookkeeping and prepares you for the ICB Level 3 Certificate in Bookkeeping and Accounts.

Your course also includes:

  • FREE ICB 1-year Annual Subscription and Registration fee worth £78.00
  • FREE Sage 50 Accounts Level 2 software

This course is assessed online, so it couldn't be simpler. Our experienced and friendly tutors will support you every step of the way.

Achieve your dream career and equip yourself with the skills you need for your long term success. Home learning is simple and stress-free, so enrol with us today!

£25.00 cashback

Receive £25.00 cashback as a congratulations from us for successfully completing each course and ICB examination in full.

Meet our award-winning tutor - Caroline Wren

Enrol now and receive a £25 gift voucher towards your next course.

Course Content

  • Unit 1: Underpinning Knowledge
    • Understand the importance of adhering to a code of Professional Ethics
    • Understand the basic differences between the structures of different types of businesses
    • Understand the importance of legislation that applies to bookkeepers
    • Understand the basic elements of a contract
    • Understand the Accounting Equation
    • Understand the concept of reporting on a cash basis for income tax purposes
    • Identify the various methods of payments and receipts to and from a bank account
    • Understand the need for bank security
    • Understand the basic accounting concepts
    Unit 2: Business Documents
    • Understand the purpose and range of business documents.
    • Understand the need to accurately prepare business documents for goods supplied
    • Understand the need to check business documents received
    Unit 3: Ledger accounts and the division of the ledger
    • Understand the purpose of, and make entries into, the ledger accounts
    • Use a set of control accounts in the ledgers
    • Enter transactions into control accounts from the relevant books of prime entry
    Unit 4: Books of prime entry
    • Understand the purpose of, and make entries into, the books of prime entry
    • Explain how the books of prime entry integrate with the ledgers
    • Entering invoices and credit notes into books of prime entry
    • Preparing sales day book, sales returns day book, purchase day book and purchase returns day book
    • Prepare an opening journal entry for a business
    • Prepare a journal entry to record purchase of a fixed asset
  • Unit 5: Accounting for VAT
    • Understand the process of dealing with and accounting for VAT in the ledgers.
    • Learning the difference between the following levels of VAT:
    • Standard rate
    • Reduced rate
    • Zero rate
    • Exempt of VAT
    • Outside the scope of VAT
    • Extract the VAT from a VAT inclusive amount
    • Correctly account for input and output tax in the ledgers including amounts that are VAT inclusive
    • Explain the significance of debit and credit balances in the VAT accounts
    • Understand how VAT is calculated and entered into the books of account for the following types of invoices:
    • Invoices to customers and from suppliers outside the EU that are zero rated
    • Invoices to customers and from suppliers outside the UK but within the EU that are:
    • a) not registered for VAT in their own country
    • b) registered for VAT in their own country
    Unit 6: Making and receiving payments
    • Understand the use of an analysed cash book
    • Record income and expenditure into an analysed cash book
    • Understand the purpose and need to record petty cash
    • Understand the purpose and use of the two and three column cash books
    Unit 7: Trial Balance
    • Understand the purpose and use of the trial balance.
    • Prepare a trial balance from the ledger accounts
    • Understand what to do if the trial balance does not balance
    • Open a suspense account where applicable to account for any imbalance
    Unit 8: Use a computerised accounts package
    • Health and safety of using computerised systems
    • Set up new business accounts
    • Processing Nominal Ledger and Subsidiary Ledger Accounts
    • Generate reports for trial balance, audit trail, nominal account transactions
    • Generate reports for bank account transactions and sales and ledger transactions

Other Information

  • Assessment

    The assessment for this qualification comprises three online tests, which can be taken at home or at work. You must successfully pass all three tests in order to gain the full qualification, but if you prefer to study without assessment, we can issue you with a certificate proving your completion of the course.

    Course Duration

    You have a year to complete this course. This means you will receive 12 months tutor support. Whilst studying your course you will also be asked to install the Sage software (your materials will tell you when to do this). From the point when you have installed the software you will have 6 months to complete the computerised section.

  • Study Method

    The distance learning course can be studied from home or at work. You will receive all course materials and unlimited tutor support by email.

    Course Outcomes

    With this bookkeeping course you have two options:

    1) The course can be studied for personal interest and development. On successful completion of the tutor-marked assessments, we can provide you with a certificate of achievement proving your success.

    2) You can choose to take the ICB examinations online from home. On successful completion of these examinations, you will receive an official ICB Level II Certificate in Bookkeeping.

    The Institute of Certified Bookkeepers (ICB) is the world's largest bookkeeping body in the world. The ICB was started in the UK in 1996 and now has over 150,000 members. The ICB aims to provide relevant and academically recognised qualifications, as well as promote and maintain the standards of bookkeeping as a profession.

course questions & answers

What skills or requirements are there to enrol onto this course?

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

Will the Sage software work on any computer?

The Sage 50 Accounts software will only work on computers which run Windows 7 or higher, therefore Sage will not run on Windows XP. Sage software will not run on any Apple Macintosh computer. Please email us for full specification and compatibility details.

What is included in the cost of my course?
  • Comprehensive study guide
  • ICB 1-year Annual Subscription and Registration fee worth £78.00 (it can take up to 6 weeks to process the registration)
  • Dedicated personal tutor support by email
  • Dedicated personal tutor support by telephone (available 4 days a week)
  • Dedicated student support
  • Accreditation
  • Assignment marking and feedback
  • Exclusive Open Study College Pen
  • Student study planner
  • Three colour highlighter
  • Student notebook
  • Document wallet
  • FREE Sage 50 Accounts software
  • FREE NUS Extra card worth £12.00
  • FREE CV writing service
Do I have to sit an exam?

You have the option of sitting the ICB examination from home. However, if you choose not to take the exam, once you have completed your tutor marked assessments we can issue you with a certificate proving that you have completed the course.

Are there any additional costs?

If you decide to sit the ICB exams, there will be a small charge payable to the ICB and your chosen assessment centre.

What do i do if i still have questions?

For further information please contact us.

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Reviews For This Course

  • Course Rating

    "I have enjoyed doing the course"

    - Tracy Lewis, Chippenham

    I have enjoyed doing the course

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Course Cost £389.00


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