Institute of Certified Bookkeepers (ICB) Level 2 Computerised Bookkeeping : Home Study

On successful completion of the examination students will be awarded a certificate from the ICB stating that they are now eligible to apply for membership as a Computerised Associate and use the letters AICB (Comp) after their name.

Course Content:

Premier Training will provide each student with:

• Full commercial copy of Sage Instant accounts
• Sage User Guide
• 6 accompanying Sage training manuals:
  • Installing Sage
  • Day to day transactions on Sage
  • Security and corrections
  • Stock control
  • Credit control
  • period end routines
• Practice computerised exam paper
• Telephone helpline
• Personal study programme
• Personal tutor

Students must be able to demonstrate their ability to understand and carry out the following functions:

Business Set Up
1) Access the software
2) Set up the details of the new business including:
i) Name, Address, Start to date, VAT Registration where applicable
ii) Product lines for sale
iii) Appropriate VAT rates
3) Set up customers` and suppliers` accounts in the sales and purchases ledger, with details of name, address, credit limit, opening balances where appropriate.
4) Obtain a print out of all details in an appropriate and readable format
5) Set up appropriate accounts to record income and expenditure items
6) Set a pro-forma for the production of invoices, credit notes and other required documents.

Ledger Accounts
Make correct entries in the appropriate accounts for:
1) Credit Sales and purchases (including trade and cash discount where appropriate, individually or in batches)
2) Credit notes sent to customers and received from suppliers
3) Invoices received from suppliers for good and services other then those for re-sale
4) Cash sales and cash purchases
5) Payments made on invoices received
6) Receipts from invoices sent
7) Payment of expenses and income other then from the sale of goods
8) Transactions via the journal
9) Writing off bad debts.

Correction of errors
Correct any errors made in the posting of transactions to the accounts.

Bank reconciliation
Carry out a bank reconciliation exercise using a computerised accounts package.

Health and Safety
Display an awareness of Health and Safety issues when using a computer system.
Trial Balances
1) Explain why they are needed
2) Explain the types of error that they will/will not disclose
3) Prepare such balances
4) Explain the action to be taken in the case of non- agreement.

Reports
Print out required and explain the importance of reports including:
i) Audit trail
ii) Nominal account transactions
iii) Sales and purchases ledger transactions
iv) VAT Returns.

Final Accounts of a Sole Trader
Extract a trading, profit and loss account and a balance sheet making allowances for year-end adjustments such as depreciation (straight line and reducing balance methods), prepayments and accruals.

Non-profit Making Organisations
1) Prepare a statement of affairs
2) Accurately prepare a receipts and payments account
3) Make adjustments to the accounts with regard to the accruals and prepayments of income and expenditure items including subscriptions
4) Prepare an income and expenditure account
Prepare a balance sheet.

Examination:

Once the student has completed Premier Training's assignment and practice examination the student will then be entered for the ICB's final assignment. Students do not have to travel to an exam centre to sit this, the assignment is sent to their home and they must complete it within two weeks of receiving it. The assignment is written and marked by the ICB. Successful candidates will be awarded a certificate from the ICB - unsuccessful candidates can re-sit at a later date. Premier Training will continue tutoring students until they succeed in passing the assignment.

Progress:

Once students have achieved the Level II Certificate in Computerised Bookkeeping, they make take the Level III Diploma in Bookkeeping.

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