ICB Level 1
Woodgrove Tutorials
Duration: 30 Hours
£179
(includes £45 for your first year's ICB student registration)
Detailed information
| Duration: | 30 Hours |
|---|---|
| Price: | £179 (includes £45 for your first year's ICB student registration) |
| Type: | Training |
| Method: | Online |
| Accreditation: | AICB |
| Prepares for: | Setting up and running your own Book-Keeping Business or working in the finance Division of any Business |
| Geared towards: | ICB professional qualification |
| Requirements: | none We are delighted to tell you that the Institute has put you in charge! When you are ready to take your manual bookkeeping examination you can choose exactly when and where you wish to take it, booking yourself in at one of our 5,200 venues, in any week of the year. The ICB has pioneered the delivery of on-demand examinations so that gaining a bookkeeping qualification fits in with your busy schedule. You tell the ICB when and where your examination is. The ICB examinations are ‘on demand’ and you choose a date and time convenient to you and according to availability at your nominated Centre. Any student who has successfully completed the Level I examination will be able to book in for the Level II. Bookings for the Level III can only be accepted if the Level I and both Level II examinations have been passed. Testimonials “The ultra fast responses given put Woodgrove Tutorials far ahead of other Distance Learning Training Providers” “Really appreciate your support, feedback and quick responses - it definitely helps to keep the momentum going!” “Many thanks for that - I can pretty much set my clock for your prompt replies!” “Your very prompt turnround time on submitted assignments is just amazing! Thank you.” “Thanks again for constant speedy responses” |
Do you need further information?
Contact the person in charge , free and at no obligation, for information on how to enroll, enrollment limit/availability and more.
Course program
Gives ICB membership
Sitting ICB exams
Level I The Certificate in Basic Bookkeeping
Type of Examination: Home-based online assessment
The Certificate in Basic Bookkeeping covers the basic principles of double entry bookkeeping and how they are used in business. Students must be able to demonstrate their ability to understand and carry out the following functions:
Business Documents
1) Design and produce purchase orders, sales invoices, credit notes and statements of account which include VAT and trade discount
2) Understand the basic law relating to contract, the sale of goods and the retention of documents
3) Understand the nature of different accounting procedures including a simple system for coding business data
4) Understand the need to have an authorisation system for ordering goods
5) Understand the need for a systematic filing system for business documents as part of the general administration of a business
6) Understand the importance of using recognisable documents in a standard house style
7) Understand the various methods of ordering eg fax, internet etc
Books of Original Entry
1) Explain why they are needed and from what source of information they are compiled
2) Explain the principles of the double-entry system
and the functions of the books in this regard
3) Draw up the books and enter transactions in them
4) Post from them to the ledger accounts
5) Make opening journal entries from items provided
6) Make journal entries for the purchase of fixed assets
7) Make journal entries for the correction of errors
8) Correctly set up and make entries in a two column cash book
9) Understand the importance of credit control within a business
Credit Control
Explain the importance of credit control ensuring that :
1) Payments are made on time
2) Overdue debts are reviewed
Ledger Accounts
1) Explain their purpose
2) Explain the difference between capital and revenue items, and between real, nominal and personal accounts
3) Explain the significance of debit and credit entries in each of them
4) Make opening entries in them
5) Record the double-entry of transactions for capital and revenue items
6) Calculate and record their balances
7) Write off bad debts
8) Make correct entries for payroll transactions
Trial Balances
1) Explain why they are needed
2) Explain the types of error that they will/will not disclose
3) Explain the action to be taken in the case of non-agreement
4) Correct any errors made in the posting of any transaction not involving the suspense account.
5) Prepare such trial balances
Security of data
1) Understand the basic principles of the Data Protection Act
2) Understand the functions and services of banks
3) Describe the treatment of cheques, direct debits, standing orders, credit transfers, giro credits, CHAPS, BACs, credit and debit cards
4) Use cheque books and paying in slips correctly
Once students have achieved the Level I Certificate in Basic Bookkeeping, they make take the Level II Certificate in Manual Bookkeeping
Sitting ICB exams
Level I The Certificate in Basic Bookkeeping
Type of Examination: Home-based online assessment
The Certificate in Basic Bookkeeping covers the basic principles of double entry bookkeeping and how they are used in business. Students must be able to demonstrate their ability to understand and carry out the following functions:
Business Documents
1) Design and produce purchase orders, sales invoices, credit notes and statements of account which include VAT and trade discount
2) Understand the basic law relating to contract, the sale of goods and the retention of documents
3) Understand the nature of different accounting procedures including a simple system for coding business data
4) Understand the need to have an authorisation system for ordering goods
5) Understand the need for a systematic filing system for business documents as part of the general administration of a business
6) Understand the importance of using recognisable documents in a standard house style
7) Understand the various methods of ordering eg fax, internet etc
Books of Original Entry
1) Explain why they are needed and from what source of information they are compiled
2) Explain the principles of the double-entry system
and the functions of the books in this regard
3) Draw up the books and enter transactions in them
4) Post from them to the ledger accounts
5) Make opening journal entries from items provided
6) Make journal entries for the purchase of fixed assets
7) Make journal entries for the correction of errors
8) Correctly set up and make entries in a two column cash book
9) Understand the importance of credit control within a business
Credit Control
Explain the importance of credit control ensuring that :
1) Payments are made on time
2) Overdue debts are reviewed
Ledger Accounts
1) Explain their purpose
2) Explain the difference between capital and revenue items, and between real, nominal and personal accounts
3) Explain the significance of debit and credit entries in each of them
4) Make opening entries in them
5) Record the double-entry of transactions for capital and revenue items
6) Calculate and record their balances
7) Write off bad debts
8) Make correct entries for payroll transactions
Trial Balances
1) Explain why they are needed
2) Explain the types of error that they will/will not disclose
3) Explain the action to be taken in the case of non-agreement
4) Correct any errors made in the posting of any transaction not involving the suspense account.
5) Prepare such trial balances
Security of data
1) Understand the basic principles of the Data Protection Act
2) Understand the functions and services of banks
3) Describe the treatment of cheques, direct debits, standing orders, credit transfers, giro credits, CHAPS, BACs, credit and debit cards
4) Use cheque books and paying in slips correctly
Once students have achieved the Level I Certificate in Basic Bookkeeping, they make take the Level II Certificate in Manual Bookkeeping
Do you need clarification regarding the course program?
Contact the person in charge , free and at no obligation, for information on how to enroll, enrollment limit/availability and more.
