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ICB Level 4 Certificate - Business Insight

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 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
  • 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 = £30)
  • EXAM PASS GUARANTEE
  • Ongoing career support 


Entry Requirements:
Full Membership of ICB

Other Level 4 Certificate options to consider:
Drafting Financial Statements
Corporation Tax for Micro and Small Business
Self Assessment Taxation
Combined Level 4 Diploma

 


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 (for those holding Full Membership or higher): 30 hours structured & unstructured, meeting ICB annual suggested target

Exam fees: Total exam fees for this course option are £85.00When 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!!



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)

 

Course Fee Details


Course Code: ICB1035 Save 27%

Course Fee: £355.00 NOW ONLY £260.00

You can pay the full price or pay a deposit of £110.00 (0% APR), followed by 4 monthly payments of £37.50

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Course Fee Details
Course Code: ICB1035     Save 27%
Course Fee: £355.00 NOW ONLY £260.00
You can pay the full price or pay a deposit of £110.00 (0% APR), followed by 4 monthly payments of £37.50