ICB Certificate in Bookkeeping & Accounts Level 3
Description
Unit 1: Underpinning Knowledge
Understand the importance of adhering to a code of ethical principles
Understand when and how to take appropriate action to cope with unethical behaviour
Understand the legal differences between the structures of various types of businesses
Understand the main accounting concepts that apply
Understand the different rules that apply when processing VAT transactions
Unit 2: Reconciliation of accounts & correction of errors
Reconcile supplier statements
Prepare a bank reconciliation statement.
Use control accounts to reconcile sales and purchase ledgers
Understand the need to correct errors
Unit 3: VAT Returns
Reconcile the VAT account
Complete a VAT return
Unit 4:…
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Unit 1: Underpinning Knowledge
Understand the importance of adhering to a code of ethical
principles
Understand when and how to take appropriate action to cope with
unethical behaviour
Understand the legal differences between the structures of various
types of businesses
Understand the main accounting concepts that apply
Understand the different rules that apply when processing VAT
transactions
Unit 2: Reconciliation of accounts & correction of errors
Reconcile supplier statements
Prepare a bank reconciliation statement.
Use control accounts to reconcile sales and purchase ledgers
Understand the need to correct errors
Unit 3: VAT Returns
Reconcile the VAT account
Complete a VAT return
Unit 4: Calculate & post adjustments to the ledgers
Calculate depreciation
Account for the disposal of fixed assets
Understand the need to allow for adjustments to the accounts
Unit 5: Final accounts of non-incorporated businesses
Prepare a set of final accounts for a sole trader from a given trial balance Prepare a set of final accounts for ‘not-for-profit’ organisations Prepare a set of final accounts for a partnership
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