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ICB Level 3 Certificate in Bookkeeping & Accounting

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This Full Membership course included both manual & computerised bookkeeping elements. You will cover reconciliations, adjustments and preparation of final accounts for non-incorporated businesses or organisations (sole traders, partnerships & non profit making organisations) and management reports for incorporated businesses (Limited Co's). Upon successful completion of your examinations possible employment prospects would include employed or self-employed opportunities.

Entry Requirements: You are required to have completed the ICB Level 2 qualification or have been granted exemption from this due to previous qualifications or experience. 

Software requirements: Sage 50 Accounts Essentials
The computerised section of this course is based on the above software and our course fee assumes that you have access to this, or similar. If you have not received appropriate software as part of your Level 2 training we can source this for you at a very reasonable rate. Please call us on 0141 248 5200 or 0800 028 1404 for a quotation.

IMPORTANT: Owning your own software will keep your ongoing training costs to a minimum.

Ideal Schools will provide:
Interest free payment option - NO credit checks or 3rd party finance
All Study Materials
 provided in presentation folders
Online access to ALL 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 
20 x Tutor Marked Assignments (TMAs) 
Online report templates to help with assignment completion  
5 x IDEAL Mock Papers (including personalised tutor feedback
10 x Official ICB Online Mock exams (value = £100)
Continued career support

Associated Exams: M4, M5, M6 M7 & M8
Exam Structure:  4 x home based examinations and 1 x centre based exam (M8) - each exam is 3hrs in length
Study Time:  Approx 150-=160 hours

Exam fees: Total exam fees for this course option are £325.00 (5 @ £65When it comes to paying for your exams you have two options:

  1. Save 10% - During online registration, select to switch to the option that incorporates the exam fees and you will save an extra 10% on ALL feesWith this option, your exam fees are either added to your full payment or spread evenly throughout your interest free payment term.
  2. 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. 

 The choice is yours!!


The syllabus for the five associated exams are as follows:

Paper M4 – reconciliations and final accounts of a sole trader
Home / place of work based assessment to include:
• Underpinning knowledge
• Reconciliation and correction of errors (customer and supplier reconciliations, bank reconciliation, correction of errors including the clearance of a suspense account balance)
• The calculation of summary figures for control accounts
• VAT Returns (cash and standard VAT returns only but including EU transactions)
• Posting adjustments including disposal and acquisition of fixed assets
• Revaluation of assets
• Final accounts of a sole trader (profit and loss account and balance sheet)

Paper M5 – final accounts of a partnership
Home / place of work based assessment to include:
• All of the requirements for paper M4 but set in a partnership scenario plus:
• Underpinning knowledge
• Ethical considerations
• Underpinning knowledge of the legal requirements for a partnership
• Final accounts of a partnership including the appropriation account and production of partners’ current accounts
• Calculations and bookkeeping entries to record a change of partnership (partnership ratios, goodwill, the effect on capital and current accounts etc.)

Paper M6 – final accounts of a not-for-profit organisation
Home / place of work based assessment to include:
• All of the requirements of paper M4 but set in a not-for profit scenario plus:
• 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

Paper M7 – Management accounts of incorporated businesses
Home /place of work based assessment to include:
• Final accounts including adjustments for a limited company (internal management accounts format only)
• Limited liability partnerships
• calculation and interpretation of ratios

Paper M8 - Level 3 External Assessment
A single assessment to be taken at an ICB examination centre. The assessment will be a mixture of multi-choice and data entry questions which will cover all elements of the syllabus.

Course Fee Details

Course Code: ICB0319     
Course Fee: £595.00
You can pay the full price or pay a deposit of £95.00 (0% APR), followed by 8 monthly payments of £62.50
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Course Fee Details
Course Code: ICB0319    
Course Fee: £595.00
You can pay the full price or pay a deposit of £95.00 (0% APR), followed by 8 monthly payments of £62.50
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