Bookkeeping (ICB Level 1 & 2)

eDistant Learning
Course Type: Home Study
Study Hours: 100 Hours/Flexible
Tel: 0800 009 6081

A distance learning course is the ideal way to gain a Bookkeeping qualification. Whether you're looking to go on to further education, improve your job prospects or expand your knowledge, distance learning Bookkeeping is a flexible and convenient course, which allows you to comprehensively prepare for an exam or career through home study. What's more, because the distance learning Level 1 & 2 Bookkeeping course is a fully comprehensive course, no prior knowledge is required.

This course is suitable if you wish to develop bookkeeping skills for your business, your job or keep track of finances. Essential Bookkeeping prepares you for a number of nationally recognised qualifications and is also the perfect starting point for a career in accounting.

This Course Helps you
develop a good level of basic bookkeeping skills
prepare for more advanced bookkeeping training
acquire the underpinning knowledge needed for Accounting NVQs
gain a recognised bookkeeping qualification

The Institute of Certified Book-Keepers Bookkeeping Level 1 & 2 course is divided into thirteen comprehensive units:

Level 1 Book Keeping

Unit 1 - An introduction to record keeping
The importance of keeping accurate financial records
The layout of a bank account and its entries
Balancing the account

Unit 2 - Further bank account transactions
Types of income and expenditure
The analysed bank account

Unit 3 - Double Entry Book Keeping - Cash Transactions
Basic double entry accounts for bank transactions
Further account balancing
The trial balance
The cash account
The capital account
Accounting for payroll transactions

Unit 4 - Double Entry Book Keeping - Credit Transactions
Credit transactions
Developing accounts for customers and suppliers
Splitting the Ledger
Entering credit transactions into the accounts

Unit 5 - The Calculation of VAT and the development of business documents
The concept of VAT and VAT registered businesses
Calculating VAT
The production of business documents containing VAT
Dealing with trade and cash discounts

Unit 6 - The posting of VAT Transactions to the Ledgers
The posting of cash and credit items to the ledger for a VAT registered business
VAT Input and VAT Output accounts
The single Vat Account
How to calculate VAT exclusive and VAT inclusive amounts

Unit 7 - Day Books
Explanation of day books
Making entries into the various books
Posting day book entries to the relevant accounts in the correct ledger

Level 2 Book Keeping

Unit 1 - Cash Books
Two column cash books
Revision of cash discount
Three column cash book
The Petty Cash Book

Unit 2 - Correction of errors
Types of errors
Correcting the ledgers
The suspense account

Unit 3 - Reconciling the accounts
Bank reconciliation
Control Accounts - reconciling customer and supplier balances
The VAT Return

Unit 4 - Introduction to Final Accounts of a Sole Trader
The nature of profit
Calculating gross and net profit
The Trading, Profit and Loss Account
The Balance Sheet

Unit 5 - Adjustments to Final Accounts
Accruals and prepayments
Bad debts and the Provision for Bad Debts
Further corrections and adjustments to profits

Unit 6 - End of Year Ledger Entries
Closing of the ledger accounts at the year end

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