Bookkeeping Course by Distance Learning ICB Level 1 and 2
ObjectivesThis 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
Entry requirementsUK Open Learning courses are specifically designed in a format that allows you to study at your own pace, in your own time, wherever you wish. 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.
Course description
What will I gain from this course?
Essential Bookkeeping is the starting point to help you develop a good level of basic bookkeeping skills. The course leads to a choice of nationally recognised qualifications and introduces all the central principles of bookkeeping, whether it's to help with running your business, to develop new skills for your job or just to help you stay on top of your finances.
What can I expect from this course?
Taking a UK Open Learning course means there are a number of people to help you. You will be assigned a personal tutor, an experienced accountant, who will provide regular feedback by marking your assignments. You can contact your tutor by email, as well as by post.
Your course materials will contain:
an Introduction to your personal tutor who will be assisting you in your learning
a study guide that will help you to begin your studies
an introduction to the course and subject of book-keeping
a total of 13 self-contained study modules that are structured to help you learn
a set of assignments with advice on how and when to complete them
How long will the course take?
To complete this course it will take in the region of 90 study hours which can be spread over a 12 month period to suit the student and you can work as fast or as slow as you like.
What topics are covered by this course?
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