ICB Certificate in Bookkeeping & Accounts Level 3

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ICB Certificate in Bookkeeping & Accounts Level 3

UK Open College
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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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Didn't find what you were looking for? See also: Bookkeeping, Accounting, Tax Accounting, Business Administration, and Payroll.

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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There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.