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This Full Membership course package includes both manual & computerised bookkeeping elements, with the practical addition of the self-assessment taxation subject. Successful students will be able to offer a comprehensive bookkeeping service to potential clients, with the additional service of self-assessment tax returns, which can be very lucrative.

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, completion and submission of self-assessment tax returns.

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
  • 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
  • 18 x IDEAL Mock Papers (including personalised tutor feedback)
  • 18 x Official ICB Online Practice Papers (value = £324)
  • Exam pass GUARANTEE
  • Continued career support
  • Many ICB Member benefits (including free Xero Equivalence Certification)
Associated Exams: A1, A2, A3, M4, M5, M6, M7, M8, SAT
Exam Structure: 9 x home based examinations
Study Time: Approx 280-300 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 £324 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 £806.00 (8 @ £87, 1 @ £110).

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 MICB - ICB Levels 2 & 3 Bookkeeping (Sage 50 Accounts or Xero) PLUS L4 Self-Assessment Taxation

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
    • Understanding the different categories of VAT (standard, reduced, zero, exempt, outside the scope)
  • 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.

Self-Assessment Taxation:

Topic 1 – Underpinning knowledge
  • Duties and Responsibilities of the Bookkeeper / Tax Agent
  • Explain what is meant by the terms: Income Tax, Capital Gains Tax
  • Explain the principles of taxation appropriate to individuals, Sole Traders and Partnerships
  • Identify the main sources of Income and reliefs for an individual
  • Identify the types of returns that may be completed 1.6 Identify sources of assistance
Topic 2 – Entering details of personal income onto a Self-Assessment Return (SATR)
  • Identify the main sources of personal income
  • Identify the various types of tax reliefs that can be claimed
  • Identify the elements of Employment Income and allowable expenses, and complete the relevant pages
  • Explain the types of Income from property and allowable expenditure and complete the relevant pages
Topic 3 – Entering details of business income and expenditure for unincorporated businesses onto the relevant returns
  • Identify the returns that need to be completed by sole traders and partners
  • Explain the principle of basis periods applicable to sole traders and partnerships
  • Explain the purpose of, and determine, adjusted trading profits for sole traders and partnerships
  • Explain the purpose of Capital Allowances (Equipment, Motor Vehicles and Other)
  • Identify trading losses for individuals and partnerships
  • Complete the partnership return and the relevant section of the self-assessment return
  • Complete the relevant sections of the self-assessment return
  • Explain the purpose of Simpler Income Tax for the Simplest Small Business and complete the Self-Assessment Return
Topic 4 – Chargeable gains
  • Explain the elements of capital gains tax
  • Apply relief’s deferrals and exemptions
  • Explain the treatment of gains and losses
Topic 5 – Calculating tax and National Insurance contributions due and filing returns
  • Determine taxable income and tax payable
  • Identify NI Contributions payable
  • Explain the procedure for payment and administration
Topic 6 – Foreign income and residence basis
  • Explain how to treat foreign income
  • Explain the criteria for residence and remittance
Make IDEAL Schools your #1 Training Partner

Ready to start MICB - ICB Levels 2 & 3 Bookkeeping (Sage 50 Accounts or Xero) PLUS L4 Self-Assessment Taxation?

Course Code: ICB340 Save 25%
Course Fee: £1310.00 NOW ONLY £985.00
You can pay the full price or pay a deposit of £121.00 (0% APR), followed by 18 monthly payments of £49.50
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