I just started studying for ICB level 2 Bookkeeping and I was wondering if anyone know which are the topics for the exam B1 and for the exam B2? The information that I found always put all the topics together (B1 and B2 in the same list). I find easier to got step by step, so knowing that I can concentrate in one exam at the time.
I think that we should let this one stand as its not a direct copy of the other one and I believe that the poster just wanted to seperate out the post so that it's more likely to be noticed.
I'll do it the other way around and delete the other post :)
Hi Flavia,
welcome to the forum although I suspect that you may have inadvertantly joined the wrong one as your question does seemed geared towards the ICB rather than ourselves.
The key is to find the syllabuses of the modules. Quick search came up with this :
B1 Basic double-entry bookkeeping to trial balance Home /place of work based assessment to include:
Underpinning knowledge
terms in bookkeeping (assets, liabilities etc.)
banking procedures
Understanding the different categories of VAT (standard, reduced, zero, exempt, outside the scope)
Calculation of business documents including calculation of VAT
entering transactions into the ledgers including the analysed cash book, cash transactions, credit transactions, discounts, petty cash book, two column cash book and VAT
making and receiving payments
Production and explanation of a trial balance
B2 Further double entry bookkeeping to trial balance Home /place of work based assessment to include:
Underpinning knowledge
ethics
types of businesses including simple cash based businesses
identifying sections of the ledger
accounting concepts
Further double entry including the following
Topics from paper 1
Day books and control accounts in a double-entry system
Writing off a bad debt
Construction Industry Scheme
Non-sole trader entries (subscriptions, donations, drawings of partners etc)
Making and receiving payments
Three column cash book
The analysed cash book
Production and explanation of a trial balance
Reading through that it seems to me to be one exam broken down into two bits. All seems very straight forwards, certainly most of it seems to be standard bookkeeping. Someone doing AAT or equivalent would be expected to do all of that and more in a single entry level paper so no reason at all not to sit both of those exams back to back.
Nice to see ethics now appearing in the ICB sylabus.
Dont worry, sure that you'll sail through that.
What are your plans after this intro course? Are you moving on to AAT?
Good luck whatever you decide to do,
kindest regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Actually, you gave sound advice in the other thread so for now leaving oth of them
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Thank you Shaun! Very helpful. I am planning to work self employed in bookkeeping and later progress to a higher level, possibly AAT. I saw that ICB has also tax return and payroll level 3 add-ups qualification, which are other two of my aspirations.
Thank you for taking time to reply. I will be following this site and forums closely from now on.
Sorry to duplicate the post. First time user jitters :)
Flavia
Thank you Shaun! Very helpful. I am planning to work self employed in bookkeeping and later progress to a higher level, possibly AAT. I saw that ICB has also tax return and payroll level 3 add-ups qualification, which are other two of my aspirations. Thank you for taking time to reply. I will be following this site and forums closely from now on. Sorry to duplicate the post. First time user jitters :) Flavia
Don't worry about the duplicate post, a few do
If you are thinking of doing the AAT ultimately why not do so now? Save yourself some cash?
What do you do now/before the icb course? Just wondering how will you get the experience before you are let loose on clients? If you are working in the industry already?
Edited to to correct spelling error (ultimately)
-- Edited by Cheshire on Thursday 4th of January 2018 06:20:28 PM
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
Actually, you gave sound advice in the other thread so for now leaving oth of them
Sound but perhaps not appreciated.
Seems pointless in many ways leaving it now. Although I guess its more work to get rid and I'm all for an easy life(besides it's useful history info when looking at future Qs)
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
