MICB - ICB Levels 2 & 3 Certificates in Bookkeeping & Accounts (Sage 50 Accounts or Xero)

Make IDEAL Schools your #1 Training Partner

16% package saving now available

This Full Membership course package includes both manual & computerised bookkeeping elements. The package covers the preparation of ledger balances, control accounts and 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 (Ltd Co's).

There are no entry requirements for this course package and upon successful completion of your examinations possible employment prospects would include employed or self-employed opportunities.

SKILLS: reconcile bank statements with the ledgers, produce a VAT return, control the sales and purchases ledgers, post year-end adjustments, and produce the final accounts for a sole trader, partnership, not-for-profit organisation and management reports for limited companies, in both a manual and computerised systems.

Ideal Schools will provide:

Interest free payment option - NO credit checks or 3rd party finance
All Study Materials provided in HARD COPY with online access also provided
Supplementary VIDEO tutorials
2 year tutorial support via phone,email & 24/7 support via private Facebook groups
1st year ICB Student Registration
Sage 50 Accounts Pro or Xero softwre training
Are you a MAC user? Our Xero training option is perfect for you.
Continuous Self Progress tests & Answers
25+ x tutor marked assignments (TMA's)
Online report templates to help with assignment completion
16 x IDEAL Mock Papers (including personalised tutor feedback)
16 x Official ICB Online Practice Papers (value = £280)
Exam pass GUARANTEE
Continued career support
Many ICB Member benefits (including free Xero Equivalence Certification)

ICB Course Sample - you can view the first 25 pages of this, and other ICB courses, via THIS LINK.

Associated Exams: A1, A2, A3, M4, M5, M6, M7, M8
Exam Structure: 8 x home based examinations
Study Time: Approx 200-210 hours

ADD EXAM FEES TO YOUR ENROLMENT AND SAVE 5% ON ALL COURSE COSTS:
Total exam fees for this course option are £600.00 (8 @ £75). When it comes to paying for your exams you have two options:

Save 5% - During online registration, select to switch to the option that incorporates the exam fees and you will save an extra 5% on ALL fees. With this option, your exam fees are either added to your full payment or spread evenly throughout your interest free payment term (extended payment terms available).
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!!

YOUR SOFTWARE CHOICES EXPLAINED:
We fully appreciate that not all students have the same PC, laptop or MAC availablity and for this reason we are delighted to provide you with the following software choices. As you approached this section of your study we will confirm your preferred option with you:

Sage 50 Accounts Pro software: This is a windows based program that is provided with a 180 days license, which provides ample time to complete the computerised element of the qualification, where 20-25hrs of study is required.

XERO software: This is suitable for any device with internet access so, if you are a MAC user with no access to a Windows platform, this is the perfect option for you.

The syllabus for the eight associated exams are as follows:

Paper A1 – Basic double-entry bookkeeping to trial balance
Home /place of work-based assessment to include:
• Underpinning knowledge
- Knowledge of the different categories of business that exist
- Terms in bookkeeping (assets, liabilities, etc.)
- Banking procedures
- Understanding the different categories of VAT (standard, reduced, zero, exempt, outside the scope)
• Calculation of the value of the capital investment for a sole trader
• Calculation of business documents including calculation of VAT
• Showing an understanding of the effect of entering transactions into a bookkeeping system for sales, purchases, overheads, capital items, returns, personal items, etc.
• The effect of making and receiving payments including bank, cash and petty cash transactions
• Calculation of account balances
• Production and explanation of a trial balance

Paper A2 – Further double entry bookkeeping to trial balance
Home /place of work-based assessment to include:
• Underpinning knowledge
- Ethics
- Legislation relevant to the bookkeeper
- Accounting concepts
• Further double entry including the following
- Topics from Paper A1
- The content of control accounts
- Writing off a bad debt
- Construction Industry Scheme
- Posting non-sole trader entries (subscriptions, donations, drawings of partners, directors’ loan accounts, etc.)
• Entry of payroll journals
• Calculation of the value of a suspense account in a system that does not balance
• Reconciliation of debtors, creditors and bank balances
• Correction of errors that do not affect the trial balance
• Production and explanation of a trial balance

Paper A3 – Data entry to trial balance using a computerised accounts package
Home /place of work-based test to include the use of a computerised accounting package to include:
• Opening of entries
• Entry of cash and credit transactions
• Production of a trial balance
• Production of reports for debtors, creditors, bank, VAT and the audit trail

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.