ICB Level 2 Certificate in Bookkeeping - Associate Membership AICB

This ICB Bookkeeping Level 2 course provides you with all you need to know about bookkeeping, whilst being ideal for students who want to achieve a career in the field. If you’ve already made a start to life in bookkeeping, this bundle will boost your skills and help you progress in your career. In the Level 2 course, you will learn to enter transactions, identify and correct errors, produce an initial trial balance, and more. It is ideal for:

• Students who want to develop their accounting and bookkeeping knowledge
• Those aspiring to work or progress their career in accounting, finance, or bookkeeping.

• Chartered accounting
• Finance manager
• Management accounting
• External auditor
• Forensic accountant
• Stockbroker
• Internal audit
• Business analyst

Course Content

Unit 1 Underpinning knowledge

• Understand the importance of adhering to a code of professional ethics
• Understand the legal differences between the structure of different types of businesses
• Understand the specific accounting requirements for different accounting systems
• Understand the basic accounting concepts
• Understand the importance of legislation that applies to bookkeepers
• Understand the importance of the chart of accounts
• Understand the importance of IT systems in a modern bookkeeping world
• Understand the basic principles involved in double entry bookkeeping including the format of the accounting equation
• Identify the various methods of payment and receipts to and from a bank account

Unit 2 Prepare business documents

• Understand the purpose and range of business documents
• Understand the need to accurately prepare business documents for goods and services supplied
• Understand the need to check business documents received

Unit 3 Accounting for VAT

• Understand the various rates of VAT
• Understand how to correctly account for VAT in a bookkeeping system
• Understand how to account for VAT transactions with customers in, and suppliers from, other countries

Unit 4 Entering transactions

• Understand the purpose of, and making entries into, a bookkeeping system
• Calculate the value of equity
• Understand how to upload and match bank transactions
• Understand the use of control accounts in the system
• Understand the purpose and need to record petty cash
• Post appropriate journal entries into the system

Unit 5 Reconciliation and reporting

• Understand the purpose and use of the trial balance
• Reconcile relevant account balances
• Understand the need to correct errors
• Produce relevant reports