ICB Level 2 Certificate in Bookkeeping

Level 2 Certificate in Bookkeeping is comprised of Three Units (A1, A2, A3). In order to qualify Level 2 Certificate in Bookkeeping you will need to pass Assessments for all three Units (A1, A2, A3). The contents of the three units are stated as follows

A1 – Basic double entry bookkeeping to trial balance

• 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 of 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 

A2 – Further double entry bookkeeping to trial balance

Home /place of work-based assessment to include:

• Underpinning knowledge
  • Ethics
  • Legislation relevant to the bookkeeper
  • Accounting concepts
• Further double entry including the following
  • Topics from A1
  • The content of control accounts
  • Writing off a bad debt
  • Construction Industry Scheme
  • Posting non-sole trader entries (subscriptions, donations, drawings of partners, directors’ loan accounts, etc.)

• Entry of payroll journals
• Calculation of the value of a suspense account in a system that does not balance
• Reconciliation of debtors, creditors and bank balances
• Correction of errors that do not affect the trial balance
• Production and explanation of a trial balance

A3 – Data entry to Trial Balance using software 

Computerised accounting software package to include: 

• Opening of entries 
• Setting Up a New Business on software
• Setting up Inventory Codes
• Setting up New Customers/Suppliers
• Posting of Invoices with Discounts
• Customer Invoicing Procedure
• Supplier Invoices
• Corrections and Transaction Editing 
• Customer Receipts & Supplier Payments
• Customer Receipts
• Payments on Account
• Bad Debt Write Off
• Bank Reconciliation
• Wages & Salaries
• Cash Account & Petty Cash Account
• Allocating Credit Notes
• Entry of cash and credit transactions 
• Production of a trial balance 
• Production of reports for debtors, creditors, bank, VAT and the audit trail