Syllabus for ICB Fast-track Exemption

General Revision
We understand that some who embark on this journey have completed previous study a number of years ago (5 years max), and may benefit from revising some previously covered topics. If your knowledge is fresh, this section of study can be bypassed. The revision covers the following:

Control accounts; Construction Industry Scheme (CIS); Profit measurement; Capital and revenue expenditure; capital and revenue income; depreciation, Disposal of an asset; Revaluation of assets; Prepayments and accruals, Closing stock, Net realisable value; reserves and provisions.

Final accounts of a not-for-profit organisation
Revision; sale/disposal of assets, prepayments and accruals; Underpinning knowledge regarding not-for-profit organisations; Understanding the different requirements of a chart of accounts for such an organisation; Understand the concepts of the different forms of income for not-for-profit organisations including a subscriptions account; Posting adjustments including the subscriptions account and disposal and acquisition of fixed assets; Final accounts of a not-for-profit organisation

Financial accounts of incorporated businesses
Final accounts including adjustments for a limited company (internal management accounts format);Limited liability partnerships;Calculation and interpretation of ratios; Cashflow forecasting

Exemption / Membership Notice:
When you have passed your Entrance Paper you’ll be invited to join ICB as a Full Member. At this time you’ll pay only the difference between Student & Full Membership.