This course forms the foundation of your accounting knowledge and can be found in every ICB Programme, no matter what stream you are studying. It assumes no knowledge of bookkeeping and teaches the student to prepare the books of account from source documents to the subsidiary journals to the general and subsidiary ledgers, trial balance, and the bank and creditors reconciliations.
Description
This subject forms the foundation of your accounting knowledge and can be found in every ICB Programme, no matter what stream you are studying. It assumes no knowledge of bookkeeping and teaches the student to prepare the books of account from source documents to the subsidiary journals to the general and subsidiary ledgers, trial balance, and the bank and creditors reconciliations.
Accreditation
Institute of Certified Bookkeepers as a Quality Assurance Partner of the QCTO.
Qualification
SACOB Certificate of Completion.
This subject forms part of a national qualification. On completion of this subject and the remainder of the subjects in this level you will receive a national certificate.
Requirements
Grade 10 (Std 8) or equivalent
No prior accounting knowledge needed
You must be at least 16 years of age.
Duration
This subject can be completed in 3 months.
Subjects
- An introduction to business, bookkeeping and accounting
- Value Added Tax and source documents
- Recording cash transactions
- Recording credit and sundry transactions
- Inventory systems
- Individual accounts for debtors and creditors
- The bank reconciliation process
- Supplier and General ledger reconciliations
Packages
This course is available via two comprehensive support packages, Online Standard and Online Premium. Each Package includes the following:
Online Standard:
- Textbooks
- Introduction Video
- Exam Info
- Q & A Platform
- Concept Videos
- Forums
- Exam Timetable
- Study Schedule
- A Mock Exam & Solutions
Online Premium:
- Textbooks
- Introduction Video
- Exam Info
- Q & A Platform
- Concept Videos
- Forums
- Exam Timetable
- Study Schedule
- Multiple Mock Exams & Solutions
- LIVE Webinars via Zoom
- Recording of the LIVE Webinars
- Quizzes
- Exam Walkthrough (Pre-recorded)
Assessment
This subject is assessed by the ICB by means of a Portfolio of Evidence where you are required to complete Activities (assignments) and Evaluations (tests) and then complete a final summative assessment (exam) written at an ICB assessment centre. Please be sure to register for your assessment.
What's next
You can continue your studies with SACOB and ICB and complete more subjects that make up this qualification.
Downloads
Related products
-
ICB Business Management Intermediate Level: Subject – Business Management 2
This course forms part of the Intermediate Level in the ICB Business Management Programme. It builds on the knowledge gained in Business Management 1 in your Foundation Level.
Business Management
Institute of Certified Bookkeepers (ICB)
ICB Business Management Intermediate Level: Subject – Business Management 2
-
ICB Business Management & Financial Management Intermediate Level: Subject – Financial Statements
This course forms part of the Intermediate Level in the ICB Financial Accounting, ICB Public Sector Accounting, ICB Business Management and the Entrepreneurship Programme as well at the Advanced Level in the ICB Office Administration Programme. It includes a study of year-end procedures via trading, profit and loss accounts and the interpretation of basic financial statements through a series of ratios, calculations and recordings of depreciation, the disposal of depreciable assets in the journals and general ledger, disclosing the movements of non-current assets in the notes to the financial statements. The application of accounting concepts such as that of accrual, matching prudence, cost and consistency to a set of financial records, preparation of the income statement and balance sheets (with notes) for a sole proprietorship, a partnership, a Close Corporation and a limited company as well as the preparation of the statement of cash flow and applicable notes thereto for a limited company... more
Administration
Institute of Certified Bookkeepers (ICB)
ICB Business Management & Financial Management Intermediate Level: Subject – Financial Statements
-
ICB Financial Accounting Advanced Level: Subject – Management Accounting Control Systems
This subject forms part of the Advanced Level in the both the ICB Financial Accounting or ICB Public Sector Accounting Programmes. The purpose of this course is to develop in students a knowledge and understanding of the application of management accounting control and decision making techniques which will enable them to communicate effectively as accountants and managers. The evolution in the field of cost and management accounting has created a need for contemporary subjects that help learners make the connection between basic accounting methods and serving the overall needs of the company.... more
Bookkeeping / Accounting Institute of Certified Bookkeepers (ICB)ICB Financial Accounting Advanced Level: Subject – Management Accounting Control Systems