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Contact Page - Online ICB Certificate in Manual Bookkeeping

Image of Woodgrove Tutorials Woodgrove Tutorials:
Based in Gloucester, England, Woodgrove Tutorials is an award winning college offering Institute of Certified Bookkeepers (ICB) courses through distance learning / home study. The Institute of Certified Bookkeepers is the largest book-keeping institute in the world, promoting bookkeeping as a profession and representing and accrediting international bookkeeping members. 

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There are many ICB courses which range from basic beginners through to expert levels. As an accredited training provider for the ICB, Woodgrove Tutorials offer the following courses: ICB Level I Certificate in Basic Bookkeeping; ICB Level II Certificate in Manual Bookkeeping and ICB Level III Diploma in Manual Bookkeeping.

ICB Level II Certificate in Manual Bookkeeping:
At this level, we assume that you will have a desire to attPhoto of Contact Page - Online ICB Certificate in Manual Bookkeepingain a much greater overview of businesses financial operation. You will study bank reconciliations, sales and purchase ledger control accounts, VAT Returns, balance sheets and many other essential aspects of accounting and bookkeeping.

With Woodgrove Tutorials, students receive a ‘hard copy’ of the Course Modules on enrolment (by email and/or post by air mail) and then submit assignments online. External exams for level II can be taken in most countries around the world.

On completion of this course, students must be able to demonstrate their ability to understand and carry out the following functions:

Cash Books:
- Explain the imprest system for dealing with petty cash
- Enter opening balances and transactions into a petty cash book
- Calculate and bring down balances
- Restore the imprest
- Post the analysed totals to the relevant ledger accounts
- Set up a three column cash book and post relevant items including cash discounts involving VAT

VAT Returns:
- Show an understanding of the requirements for making VAT returns
- Prepare VAT returns
- Explain the balancing figure on the VAT return and its implications for the business

Reconcile Sales and Purchases Ledger Accounts:
- Explain the need for reconciling the sales and purchases ledger accounts
- Explain how discrepancies in the reconciliation can occur
- Carry out a reconciliation of the sales and purchases ledger accounts

Bank Reconciliation Statements:
- Explain the discrepancies between bank statements and the bank columns of cash books
- Update the cash book
- Prepare such statements

Correction of Errors:
- Correct errors in the accounts including those involving the suspense account

Trading and Profit and Loss Account for a Sole Trader:
- Explain their purpose
- Prepare them from
* Ledger accounts
* Trial balances
* Lists of balances

- Derive and explain
* Gross profit (or loss)
* Net profit (or loss)
* Cost of goods sold

- Adjust the trading, profit and loss account for
* Depreciation (straight line and reducing balance Methods)
* Prepayments and Accruals
* Bad debts

Balance sheet for a Sole Trader:
- Explain their purpose
- Compile them from ledger accounts and a trading and profit and loss account
- Explain the meaning of:
* Capital
* Debtors and creditors
* Fixed and current assets

Year End Ledger Entries:
- Close off the ledger accounts at the year end making allowances for depreciation, prepayment and accruals

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Address: Beavans Hill, Kilcot, Newent, Gloucestershire, GL18 1PG, UK / GB