Question 1

How do I revise ICB Level 2 Accounts/Finance Assistant EPA for The Institute of Certified Bookkeepers  End-Point Assessment?

Accepted Answer

For double-entry questions, always use T-accounts or columns to keep clear records

Question 2

What exam tips are there for ICB Level 2 Accounts/Finance Assistant EPA? (2)

Accepted Answer

When reconciling, tick off items in both bank statement and cash book to avoid missing items

Question 3

What exam tips are there for ICB Level 2 Accounts/Finance Assistant EPA? (3)

Accepted Answer

In VAT questions, carefully read whether amounts are inclusive or exclusive of VAT

Question 4

What mistakes should I avoid in ICB Level 2 Accounts/Finance Assistant EPA?

Accepted Answer

Confusing debits and credits when recording transactions

Question 5

What are common errors in ICB Level 2 Accounts/Finance Assistant EPA exams? (2)

Accepted Answer

Omitting to account for VAT on expenses or treating exempt items as zero-rated