NACED schools are the first in the country to introduce a new Certificate in Bookkeeping accredited by the Institute of Certified Bookkeepers (ICB).
“The Certificate is aimed at those who are new to bookkeeping and have little or no previous knowledge or experience,” said Tena Sheil, an accountant and lecturer who has introduced the Certificate to Ireland. “It’s ideal for anyone who would like to work in an accounting role in a small business, for people who would like to run their own bookkeeping business, or for owner-managers who wish to understand the finances of their small business.” It is also very useful for bookkeepers who would like to enhance their experience with a qualification.
So far, two community schools have had great success with the Certificate, introduced in September 2019. “Malahide and Gorey are running the courses with good numbers attending – essentially, ICB provides the course materials and the school sources the tutors.”
The Certificate in Bookkeeping is made up of five topics: Underpinning Knowledge, Preparation of Business Documents, Accounting for VAT, Entering Transactions, and Reconciliation and Reporting.
At the end, successful candidates will be able to show a full understanding of the concepts of double-entry bookkeeping and its place in modern business, enter transactions into a bookkeeping system and produce an initial trial balance. They should be able to reconcile sales and purchases ledger balances against the relevant control accounts and reconcile the bank account. They should also be able to identify and correct errors present in the system.
What is the ICB?
The ICB is the largest bookkeeping institute in the world, said Tena, who lectures on the ATI course in Gorey Community School’s Adult Education Department and delivers ACCA and CPA professional programmes. The ICB promotes and maintains the standards of bookkeeping as a profession through the establishment of relevant qualifications and the award of grades of membership that recognise academic attainment, working experience and competence.
Significantly, the ICB also offers a conversion course for those who have achieved a Distinction in QQI Level 5 Manual & Computerised Bookkeeping.
Both the Certificate and Conversion Course include student membership of the ICB, where members benefit from enhanced professional status, global recognition, ongoing support and the kinship of the world’s most engaged bookkeeper community.
The advantage of having an ICB qualification is that ICB qualifications are recognised as the benchmark for the profession across the world, said Tena.