In addition to the ICB General Bookkeeping Level I, II and III assessments (used to verify your competencies in general bookkeeping), ICB now also have available three detailed, task based assessments.

The Level I assessment will require you to set up a manual Cash Accrual system for a company, Level II and III will follow on from this and are delivered in your choice of either an MYOB or QuickBooks datafile.

You will have 30 days to complete each level and we would like to point out that you will be marked on both the questions you will be required to answer online as well as the ‘books’ you produce

Level I

$75.00 for ICB Members

$150.00 for non members

Click here to register and pay online

You will be required to construct a cash book or use Microsoft Excel and complete the books for a ficticious company using the documents contained in the PDF files which will be sent to you via email.

50% of your mark for this question will be taken from your work constructing the cash book or the excel files, the other 50% is from the answers you provide when completing the online section of this assessment.

You are required to forward the excel spreadsheets or a copy of the cash book to us as soon as you complete this assessment, as this file makes up 50% of your total mark, failure to return the 'cash book' will result in a fail mark being awarded.

You will be required to set up a cash BAS manually.

You must demonstrate competence in entering:

• Cheques

• Receipts

• Invoices

• Purchases

Level II

 

$75.00 for ICB Members

$150.00 for non members

Click here to register and pay online

You will be required to construct either a QuickBooks or MYOB data file and complete the books for a ficticious company using the documents contained in the PDF files which will be sent to you via email (these files differ from the Level I files). 

50% of your mark for this question will be taken from your work constructing the data file, the other 50% is from the answers you provide when completing the online section of this assessment.

You are required to zip the data file and forward  to us as soon as you complete this assessment, as this file makes up 50% of your total mark, failure to return the data file will result in a fail mark being awarded.

You will need to set up an accrual BAS using Accounting Software either MYOB or Quickbooks

You will need to demonstrate you competencies in:

Import Customer and Supplier Details:

• ABN (From Tax Invoice)

• Terms of Trade

Reconcile:

• Petty Cash

• Credit Cards

• Bank Statements

Identify major account types and how to decrease and increase:

• Assets

• Proprietorship

• Liabilities

• Expenses

• Revenue

Invoices and Quotes:

• Explain the difference between quotes and invoices and the effect on the balance sheet

• Credit notes and adjustments

• Adjust previous entries with correct application and effect on BAS preparation

Provide a report on the cash flow of one week for:

• Sales

• Cash Receipts

• Purchases

• Cash Payments

• Payroll

• Purchase of an asset

Payroll:

• Holiday Pay

• Sick Leave

Research Queries:

• Customer

• Supplier

Internet Banking

• Tansfers

• Payment of a supplier

• Payment of a customer

• Payroll

• Multiple Payments

Petty Cash Impress System:

• Reconciliation

• Reimbursement

Produce:

• Balance Sheet

• Profit and Loss

• Backup and send file to Accountant
  

Level III

$75.00 for ICB Members

$150.00 for non members

Click here to register and pay online

You will be required to continue in either QuickBooks or MYOB and complete the books for another month for a ficticious company using the documents contained in the PDF files which will be sent to you via email (these files differ from the Level I and Level II files). 

50% of your mark for this question will be taken from your work constructing the data file, the other 50% is from the answers you provide when completing the online section of this assessment.

You are required to zip the data file and forward  to us as soon as you complete this assessment, as this file makes up 50% of your total mark, failure to return the data file will result in a fail mark being awarded.

You will need to demonstrate you competencies in:

1. Bank Statements

2. Credit card statements

3. Barter Statements

4. HandyPay

5. Contra

6. Petrol Statement

7. Supplier statements

8. Sales invoices

9. Bank Processing details

10. Purchases invoices

1. Overseas purchase

2. Mobile and telephone bills

3. Electricity

4. Car purchase

5. Personal purchase

6. Credit notes

7. Delivery dockets

8. Quotes

9. Orders

10. Payment Authorisations

11. Subcontractors weekly excel file

12. Bank Processing Details

13. Franchise fees

11. Cash purchases

12. Supplier receipts

13. Payroll

1. Employee forms

2. Employee details

3. Superannuation Forms

4. Workcover Payment

14. RBA Statement

15. Accountants General Journal

1. Car repayments

2. End of Year

Once your application and payment has been received, click here to download an Assessment Application form, or alternatively you can register and pay online - see the links below, you will receive three emails inviting your participation in the Practical Bookkeeping Assessments.

Each email will contain a selection of PDF files which you will be required to print off, there is approximately 100 pages of information for each level. These PDF files contain tax invoice, employment documents, bank and credit card statements, receipts, petty cash dockets and more that will be required to complete each assessment and you will receive differing files for each level.

(If you are unable to print off the PDF files, we can arrange to have them mailed to you for a small cost of $10.00 per level).

Carefully read and follow the instructions included in the Assessment invitation email when you receive it and then complete the assessment in order to fulfill the Practical Bookkeeping assessment requirements.

If you have any further queries, please call 1300 85 61 81 or email admin@icb.org.au

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