This ICB Level 3 Bookkeeping and Accounts (from the prestigious ICB) covers a range of core topics required to attain Member status with the ICB. These topics include the preparation of ledger balances, control accounts and reconciliations to adjustments and preparation of final accounts for non-incorporated businesses or organisations. It also covers the calculation of basic ratios, such as probability and liquidity. At the end of this course, you will become a qualified, certified bookkeeper.
This is the minimum requirement for you to become self-employed as a bookkeeper under the umbrella of The ICB. Your ‘skill-set’ will also enable to you apply for employed bookkeeping positions.
Upon completion of this qualification candidates will be able to carry out the role of an employed or self-employed bookkeeper, be able to 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 and not-for-profit organisation in both a manual and a computerised system.
This course package covers the M4, M5, M6, M7 and M8 elements that are required to attain Member status, the second tier membership of the ICB. This means that upon successful completion of this course and application for membership you can use the letters “MICB” after you name.
Topics you’ll cover on our ICB Level 3 Bookkeeping and Accounts course include:
Underpinning Knowledge of Bookkeeping
Reconciliation of accounts and the correction of errors
Reconciliation and production of a VAT Return
The calculation and post adjustments to the accounts
Creating draft final accounts for internal management purposes
Interpretation of financial statements
This ICB Level 3 Bookkeeping and Accounts from the prestigious ICB covers the preparation of ledger balances, control accounts and reconciliations, adjustments and preparation of final accounts for non-incorporated businesses or organisations.
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Awarding body: ICB Our course ref: X301
The ICB’s role as a membership body is to provide ongoing support to members to ensure they are knowledgeable and up to date with the latest legislation, mindful of their ethical obligations, and best-placed to provide a trusted and exemplary service to business.
In the bookkeeping industry, The ICB need no introduction, they are the biggest institution of its kind in the world. Effortlessly and professionally maintaining the high standards of bookkeeping as a profession.
Up to 200 hours, which is around 30 minutes per day for 12 months.
You have up to a year to complete this course and we have included a suggested number of study hours above. This is usually ample time for learners, even with full time jobs and other commitments. Don’t worry if you go over the year though, we can organise an extension to your course for a small fee, which also extends your tutor support.
This is a paper-based course, meaning that we will send all of your study materials out to you in the post. However, correspondence with your personal tutor is via email and our student portal.
The four assessments (M4, M5, M6, M7) are to be taken in the order listed above and these exams are taken via the ICB portal at home. Finally you will take the M8 exam in a local Pearson Vue test centre (these are often the same building as a driving test centre). This is a mixture of multiple choice and data entry questions. Successful candidates will need to pass all assessments to gain the full qualification. There will be additional costs for exams: £55 per online exam.
Successful achievement of this qualification will allow you to apply for Member status, the second tier of the ICB. You will be able to work as an Bookkeeper and you will also receive an official certificate of completion from the ICB. Read more about the ICB here.
Before commencing the study at this level the candidate should have achieved ICB Level 2 Certificate in Bookkeeping or its equivalent.
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You will have access to your personal tutor, via email and telephone, who will mark your assignments and guide you through the course. In addition, you will be supplied with a comprehensive Study Guide which will help you through the study and assessment process. Your personal tutor will be highly experienced in their subject area and qualified to teach.
We provide all the specially written learning materials you require to study this course at home. The course fee also includes our personal tutor support for 12 months. We provide 12 months’ free student membership and registration to The ICB which is worth £78 and access to SageOne accounting cloud software for 6 months worth £144. That’s a bundled saving of £222!
Yes, there are four online assessments which can be done at home. There is also a single exam to be taken at an ICB examination centre that will be a mixture of multiple-choice and data-entry questions covering all elements of the syllabus.ICB examinations can be completed inside and outside of the UK and in most countries around the world. Home-based examinations can be completed anywhere that you can connect securely to the internet and open your emails.Centre-based examinations are available at more than 5,200 centres worldwide throughout the year.