Advantages of studying with IDEAL

Interest Free Monthly Payments
ALL official ICB Mock exams included (value = £180)
Hard copy training provided
Personalised assignment and mock exam feedback
Outstanding Pass rates
Large trading provider of the year 2022
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This Full Membership course covers the five study elements required for this qualification. 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.

Ideal Schools will provide:
  • Interest free payment option – NO credit checks or 3rd party finance
  • Our Price Promise
  • All Study Materials provided in HARD COPY with online access also provided
  • Supplementary VIDEO tutorials
  • 1 year tutorial support via phone, email & 24/7 support via private Facebook groups
  • Continuous Self Progress tests & Answers
  • 10+ x tutor marked assignments (TMA’s)
  • Are you a MAC user? Our Xero training option is perfect for you.
  • Online report templates to help with assignment completion
  • 9 x IDEAL Mock Papers (including personalised tutor feedback)
  • Online report templates to help with assignment completion
  • 10 x Official ICB Online Practice Papers (value = £180)
  • Exam pass GUARANTEE
  • Continued career support
  • Many ICB Member benefits (including free Xero Equivalence Certification)
Associated Exams: M4, M5, M6 M7 & M8
Exam Structure: 5 x home based examinations – M4-M7 exams are 3hrs in length. M8 exam is 2hrs in length.
Study Time: Approx 150-160 hours
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)
Exam Pass Gaurantee
We Leave nothing to chance!
We will provide you with EVERY available mock exam to ensure you are EXAM READY. If purchased seperately these would cost £180 for this course option.
Our career support groups and our one-to-one mentoring services ensures you are supported well after your study is completed, helping you to be successful in your new career.

Add Exam Fees To Your Enrolment

Total exam fees for this course option are £435.00 (5 @ £87).

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.
The choice is yours!

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.

Syllabus for ICB Level 3 Certificate in Bookkeeping & Accounting (M4-M8)

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

The assessment will be a mixture of multi-choice and data entry questions which will cover all elements of the Level 3 syllabus.
Make IDEAL Schools your #1 Training Partner

Ready to start ICB Level 3 Certificate in Bookkeeping & Accounting (M4-M8)?

Course Code: ICB0319
Course Fee: £565.00
You can pay the full price or pay a deposit of £115.00 (0% APR), followed by 8 monthly payments of £57.75
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