Level 2 ‘A1’ Practical Bookkeeping

Brand New 2019 Syllabus!

A1 is the first Unit of the Level 2 qualification

Our unique materials are completely up-to-date and mirror the Level 2 syllabus as set by the Institute of Certified Bookkeepers (ICB).

Tried and tested, and written by our very own course specialists.

£45.00

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Description

Prerequisites

As this unit is designed for the complete beginner, there are no prerequisites for this course. However, you must have basic numerical skills and a good understanding of the English language.

The course fee Includes:

  • New Style Printed Workbook containing lessons, examples, activities and assessments
  • FREE Postage and packaging within the UK

Upgrades

The following Units can be taken on completion of the ‘A1’ Assessments.

  • Level 2 ‘A2’ Practical Bookkeeping
  • Level 2 ‘A3’ Computerised Bookkeeping

Course Content

‘A1’ Practical Bookkeeping: 

  • The role of the bookkeeper
  • Types of businesses
  • The concepts of Business Entity and Historic Cost
  • Setting up the Bank Account
  • The Analysed Cash Book
  • An Introduction to Double Entry Bookkeeping
  • The concept of Duality
  • Correction of Errors
  • The Journal
  • The Cash Account
  • Two Column Cash Book
  • Debit and Credit Cards
  • Payroll Transactions
  • Credit Transactions
  • An Introduction to Value Added Tax
  • Business Documents
  • Calculating VAT
  • Discounts
  • VAT and the Ledgers
  • Petty Cash
    • Practice activities with model answers
    • Practical assignments with model answers

Exams

If you choose to sit the exam at the end of this unit, you would be required to have registered as a student with the ICB first. You would then contact the ICB to book your exam.

Paper A1 – Basic double-entry bookkeeping to trial balance

Home /place of work based assessment to include:

  • Underpinning knowledge
    • Knowledge of the different categories of business that exist
    • Terms in bookkeeping (assets, liabilities etc.)
    • Banking procedures
    • Understanding the different categories of VAT (standard, reduced, zero, exempt, outside the scope)
  • Calculation the value of the capital investment for a sole trader
  • Calculation of business documents including calculation of VAT
  • Showing an understanding of the effect of entering transactions into a bookkeeping system for sales, purchases, overheads, capital items, returns, personal items etc.
  • The effect of making and receiving payments including bank, cash and petty cash transactions
  • Calculation of account balances
  • Production and explanation of a trial balance

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