ICB Level 4 Certificate – Business Insight
ICB Level 4 Certificate – Business Insight
Course Fee Details
Course Code:
ICB1035
Course Fee:
£250.00
You can pay the full price or pay a deposit of £110.00 (0% APR), followed by 4 monthly payments of £36.50
Advantages of studying with IDEAL:
- Interest Free Monthly Payments
- ALL official ICB Mock exams included (value = £35)
- Hard copy training provided
- Personalised assignment and mock exam feedback
- Outstanding pass rates
If you are already and ICB Member (MICB) and want to learn more about cost and management accounting; either to help with your current employment, or to provide additional advisory services to your clients, then this is the course for you. Our specially written training materials have been developed specifically for home study, providing regular examples and assignments, which provide personalised feedback from your course tutor. Extensive mock exam work is also provided to ensure your readiness for your final examination.
Ideal Schools will provide:
- Interest free payment option – NO credit checks or 3rd party finance
- All Study Materials provided in HARD COPY
- Online access to ALL training materials – study on the go!
- 1 year tutorial support via phone, email & 24/7 support via private Facebook groups
- Additional support via our award winning social media groups
- Continuous workbook activities
- 6 x tutor marked assignments
- 1 x IDEAL Schools Mock exam
- 2 x official ICB Mock exams (value = £35)
- EXAM PASS GUARANTEE
- Ongoing career support
Entry Requirements: Full Full Membership of ICB
Other Level 4 Certificate options to consider:
ICB Course Sample – you can view the first 25 pages of this, and other ICB courses, via THIS LINK.
Associated Exams:
L4BI
Exam Structure:
1 x home based examination
Study Time:
Approx 70-80 hours
CPD Status:
30 hours structured & unstructured, meeting ICB annual suggested target
ADD EXAM FEES TO YOUR ENROLMENT:
Total exam fee for this course option is £105.00. When it comes to paying for your exams you have two options:
- During online registration, select to switch to the option that incorporates the exam fees. With this option, your exam fees are either added to your full payment or spread evenly throughout your interest free payment term. Selecting this option protects you against potential fee increases for the duration of your course enrolment period.
- Pay as you go: As you complete each section of study you’ll be instructed to book your exams. If you have not pre-paid these you’d simply contact our admin team to pay and we’ll then place your exam order.
Monthly Payment Notice
We do not charge interest for monthly payments. To cover costs of additional security measures recently implemented in the banking system, there is a £1.50 charge added to each monthly payments to cover the cost of applying these measures in our systems.
Topics covered within this level are as follows:
COST BEHAVIOUR AND ANALYSIS
Explain how costs will behave at different levels of activity; distinguishing between fixed, variable, stepped and semi-variable costs and the principle of ‘contribution’; Compare and contrast value-adding and non-value-adding activities and their associated costs
FORECASTING AND BUDGETING
Explain factors to consider when preparing forecasts of activity levels; factors including: Competition, Pricing, Economic influences,Market trends; Explain the purposes of preparing budgets: Planning, Utilisation of scarce resources, Allocating responsibilities, Target-setting and performance management; Prepare an operational budget based on forecasts for sales and resource availability; Prepare flexible budgets to demonstrate possible out-turns for best-case and worst-case scenarios.
SETTING TARGETS TO MONITOR PERFORMANCE
Using flexed budgets, identify possible reasons for total budget variances. Note that a break-down of budget variances into component parts (such as price and usage variances) will not be tested; nor will reconciliation of budget to actual profit be; Compare and contrast the use of financial and non-financial measures for performance measurement. NOTE that Kaplan and Norton’s Balanced Scorecard will not be examined, although it may be a useful learning tool to explore the benefits of incorporating non-financial performance measures.
THE OPERATING CYCLE
Calculate and explain the operating cycle using: Stock days (raw materials, W.I.P and finished goods as appropriate), Debtor days, Creditor days; Evaluate proposals to manage the operating cycle by reducing investment in stock; Evaluate proposals to manage the operating cycle by reducing the investment in debtors using either early settlement discounts or debt collection services (factoring)
SHORT-TERM FINANCING FINANCING DECISIONS
Compare and contrast the use of short-term and long-term finance to fund the working capital cycle with specific attention to: Costs, Flexibility, Risk; Identify the relative advantages of funding working capital financing requirements using either an Aggressive approach (relying mainly on short-term financing), or, Conservative approach (raising long-term financing)
SHORT-TERM DECISION MAKING
Identify relevant costs for short-term decision making, including the concept of sunk costs, avoidable costs and opportunity costs; Appraise short-term decision scenarios.
CAPITAL INVESTMENT DECISION MAKING
Identify relevant cash flows for a capital investment decision; Explain the principle of the time value of money; Evaluate project cash flows using: Simple (not discounted) payback period, or, Net present value (NPV)