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Student quotes re tutor::
“…………………………the tutor was a good communicator and made a lot of effort to to help the students” Marco Di Cecco
” very good trainer, explains everything clearly and makes himself clearly understandable” Janos Szabo, CRESTON
Prior Knowledge:
This course starts from the basics and there are no pre-requisites.
Course Format:
The course is delivered in a distance format. You will be allocated a remote tutor. All of the tutors are qualified accountants. You tutor will answer your questions, send you assignments and mark your work. The practical exercises are essential to the learning process in bookkeeping and finance. All learning material and ICB membership are included in the cost of the course.
Course Aim:
To build a solid understanding of the basic of manual bookkeeping and to prepare the student for ICB tests.
Syllabus Detail:
Students must be able to demonstrate their ability to understand and carry out the following functions:
Course content
Paper B1 – Basic double-entry bookkeeping to trial balance
- Underpinning knowledge (10% weighting)
- terms in bookkeeping (assets, liabilities etc.)
- banking procedures
- understanding the different categories of VAT (standard, reduced, zero, exempt, outside the scope)
- Calculation of business documents including calculation of VAT (20% weighting)
- Entering transactions into the ledgers including the analysed cash book, cash transactions, credit transactions, discounts, petty cash book, two column cash book and VAT (40% weighting)
- Making and receiving payments (20% weighting)
- Production and explanation of a trial balance (10% weighting)
Paper B2 – Further double entry bookkeeping to trial balance
- Underpinning knowledge (10% weighting)
- ethics
- legislation
- types of businesses including simple cash based businesses
- identifying sections of the ledger
- accounting concepts
- Further double entry including the following (60% weighting)
- Topics from paper 1
- Day books and control accounts in a double-entry system
- Writing off a bad debt
- Construction Industry Scheme
- Non-sole trader entries (subscriptions, donations, drawings of partners etc)
- Making and receiving payments (20% weighting)
- Three column cash book
- The analysed cash book
- Production and explanation of a trial balance (10% weighting)