Advantages of studying with IDEAL

Interest Free Monthly Payments
Exam fees included
Exemption fee included
ALL official ICB Mock exams included (value = £35)
Hard copy training provided
Personalised assignment and mock exam feedback
Outstanding pass rates
Large trading provider of the year 2022
Friendliest training provider of the year
This tutor supported course is aimed at those who are AAT Level 3 qualified (bookkeeping or accounting) and are looking to gain Full Membership of ICB. It covers the topics of not-for-profit organisations and limited liability companies, which are not included in the AAT syllabus at Level 3 and bridges the knowledge gap to ensure candidates are fully prepared for the MICB Entrance Paper.

This course option also includes computerised bookkeeping and suitable for those who have completed AAT Level 2 & 3 Bookkeeping qualifications, but NOT completed the AAT Level 2 Award in Computerised Accounting (UAS).

If you are qualified to AAT Level 2, or have qualifications from another awarding body, and wish to discuss the transition to ICB, please call our offices on 0141 248 5200 or 0800 028 1404 and one of our advisory team will advise you.

Within this package, we have brought together EVERYTHING that you need to make the transition from AAT Level 3 to MICB, including exemption and exam fees:

Ideal Schools will provide:
  • ICB Exemption Fee
  • 1 year ICB Student Membership (see below)
  • ICB Exam Fee
  • Interest free payment option – NO credit checks or 3rd party finance
  • Our Price Promise
  • Study Materials provided in presentation folder
  • Xero software training
  • Online access to training materials – study on the go!
  • 1 year tutorial support via phone, email & 24/7 support via private Facebook groups
  • Continuous Self Progress tests & Answers
  • Tutor marked assignments (TMA’s)
  • IDEAL Mock Exam (including personalised tutor feedback)
  • Official ICB Online Practice Paper
  • Continued career support
Associated Exams: MICB Entrance Paper
Exam Structure: 2 x home based examination
Study Time: Approx 50 hours
Entry requirement: AAT Level 2 & 3 Bookkeeping or Accounting (gained within last 5 years)
Exam Pass Gaurantee
Enrol with confidence for guaranteed success!
If you DO NOT pass an exam we'll share responsibility and will pay 50% of one re-sit cost per exam. (T's & C's Apply)

Syllabus for ICB Fast-track Exemption with Xero (A3)

Computerised Bookkeeping
How to register for your free 30-day Trial with Xero; Your company set up in Xero; Entering customer and supplier details; Entering opening balances; Entering credit purchases and Sales; Processing customer and supplier payments; Accounting for bad debts; processing bank and petty cash payments; Entering payroll information (not using payroll software); Your closing Trial Balance

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 previously studied topics. If your knowledge is fresh, this section of study can be bypassed. The revision covers the following topics:

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.
Make IDEAL Schools your #1 Training Partner

Ready to start ICB Fast-track Exemption with Xero (A3)?

Course Code: ICB0319EPX
Course Fee: £645.00
You can pay the full price or pay a deposit of £237.00 (0% APR), followed by 6 monthly payments of £69.50
Exam Pass Gaurantee
Enrol with confidence for guaranteed success!
If you DO NOT pass an exam we'll share responsibility and will pay 50% of one re-sit cost per exam. (T's & C's Apply)
Still not sure?
Ask one of our advisors or call us FREEPHONE on 0800 028 1404