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ICB Level 3 Certificate in Bookkeeping *Exams Included* -

£1,460.00 £995.00 Saving 32%

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Sale!

ICB Level 3 Certificate in Bookkeeping *Exams Included*

£1,460.00 £995.00 Saving 32%

New and Completely Upgraded

Our Level 3 Certificate in Bookkeeping course now contains even more materials, lessons, examples and activities than ever before.

  • SAGE Software Included 
  • *Exam Fee Included*

Take a look at the ‘Course Content’ tab below

*Price Guarantee* If you can find a course or package with same standards and additional content available elsewhere for a better price we will provide your courses for free

Interest Free Payment Plan for this course consists of an initial payment of £101.00 followed by 12 monthly payments of £74.50. 

Offer Price £995.00, saving £360.00.

For alternative payment plans, please Contact Us

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ICB Level 3 Certificate in Bookkeeping

This course is for ICB members who have already taken and passed the ICB Level 2 Certificate in Bookkeeping and wish to upgrade to Level 3, and thereby be awarded the designatory letters ‘MICB’.

Training Link’s ICB Level 3 Certificate in Bookkeeping course package is completely unique and not to be found anywhere else.

For over 16 years they have been by far the most popular choice for students. Not only are you getting the best quality and most effective study materials and utilities, you get to learn one of the most in-demand skills in the Bookkeeping and Accounts Industry. Add to this the fact that you will be studying with the Seven Times Winners of the ICB Large Training Provider of the Year, along with the best student success rates; there simply isn’t anything to compare.

We include everything you need, and with our bespoke built in utilities you even get to save on your study time. You won’t find any reference to extra books or tests that you will need to purchase elsewhere, as we include absolutely everything for your educational journey. We will even cover the cost of your exams and book them for you.

You will receive the very best quality ICB training packages available in the UK, packed with materials, additional online resources and thorough testing. Not only do you get a dedicated award winning tutor structured into the learning process for the duration of your course, you also get a specialist examinations tutor, and of course, the services provided by every department. Our objectives are to ensure you have the best possible opportunity to succeed. Your success is our success.

Duration

Approximately 120 – 140 hours average study time with Enhanced Learning. This equates to less than 3 hours of study per week if aiming for completion within 12 months.

Prerequisites

You should have already achieved (or been exempt from) the Level 2 Certificate in Bookkeeping (2014 or 2018) or its equivalent with another awarding body.

Contact us if you are unsure if this is the correct package, or if you have any questions.

NB – Sage Software not compatible with MAC’s. Parallels can be downloaded from Apple Bootcamp enabling Windows to be installed.

This package includes:

  • Level 3 Bookkeeping and Accounting ‘M4’ Year End Sole Traders.
  • Level 3 Bookkeeping and Accounting ‘M5’ and ‘M6’ combined Year End Partnerships and Not for Profit Organisations.
  • Level 3 Bookkeeping and Accounting ‘M7’ Limited Companies and Performance Indicator Ratios.
  • ‘M8’ is an external exam and covers the entire Level 3 syllabus. This is taken at a Pearson VUE testing centre.

Registration and exam fees are included at no additional cost.

Course fees include:

  • ICB Exam Fees for ‘M4’, ‘M5’, ‘M6’, ‘M7’ and ‘M8’
  • Enhanced Learning (Fast Track)
  • Sage 50 Professional Software for the duration of your studies
  • 24/7 Online ROGO Assessments
  • Printed Workbooks containing lessons, examples, activities and assessments
  • Printed Model Answers Workbooks
  • Tutor Marked Assignments
  • Award winning expert subject tutor support by e-mail and telephone
  • Guaranteed same day assignment marking
  • New ROGO Online ICB exam simulation tests with tutor feedback
  • Mock exam and full exam preparation for ‘M8’ Member Certification
  • FREE repeat lessons
  • Free Postage and Packaging within the UK
  • *Up to £250 Cash Back on Sage 50 Accounts software*
  • FREE access to ICB’s award-winning membership benefits scheme, ICBenefits

*NB – Software not compatible with macs. We suggest using Apple Bootcamp to install Windows*

‘M4’ Course content in detail (please scroll down for M5, M6 and M7)

  • Legislation and ethics
  • The Data Protection Act
  • Money Laundering
  • The Proceeds of Crime Act 2002 (POCA)
  • The Money Laundering Offences
  • The Bribery Act
  • Codes of ethics and practice
  • Reporting suspicious behaviour
  • Accounting Concepts
  • Going Concern
  • Consistency
  • Prudence
  • Accruals (or Matching Concept)
  • Supplier and Customer Reconciliation
  • Control Accounts
  • Purchase and Sales Ledger Control Accounts
  • Set offs
  • Dishonoured payments and receipts
  • VAT Returns
  • VAT periods
  • Filling out the VAT return
  • Submitting the return
  • Ledger entries to record the payment or refund of vat
  • The end of paper VAT returns
  • Postage and packing charges
  • Bad Debts and VAT
  • Cash Accounting
  • Who can use the scheme?
  • Transactions with customer and suppliers based outside the UK
  • Outside the EU
  • Sales to customers outside the EU
  • Goods purchased from outside the EU
  • Reverse charge
  • Summary of VAT Return entries
  • Other VAT Schemes
  • The Flat Rate Scheme
  • Retail Schemes
  • The Margin Scheme for Second Hand Goods
  • Filling in the VAT return
  • Partial Exemption
  • Correction of Errors
  • The Journal
  • Aide memoire
  • Errors that will affect the trial balance
  • The suspense account
  • Introduction to Final Accounts
  • An introduction to profit
  • Gross profit
  • Stock Valuation
  • Net profit
  • Items of additional income
  • Discounts allowed and received
  • Non-trading businesses
  • Subsequent years trading
  • The Balance Sheet
  • The Accounting Equation
  • Developing the balance sheet
  • Working Capital
  • VAT registered businesses
  • Long Term Loans
  • Accruals and Prepayments
  • Disposal of Assets
  • Corrections to Final Accounts
  • Cash Budgets

Computerised section

  • Installing the Software
  • Sage and the Chart of Accounts
  • Backing Up previous accounts
  • Clearing down the system
  • Company details
  • Types of businesses
  • General Business
  • Business set up
  • Cash Accounting Scheme
  • Entering the correct VAT registration scheme details
  • Summary – The Sage Default System
  • Fixed Assets
  • Current Assets
  • Current Liabilities
  • Long-term Liabilities
  • Capital and Reserves
  • Sales
  • Purchases
  • Direct Expenses
  • Overheads
  • Recording Bank Account Details
  • Recording the opening bank monies
  • Customers and Suppliers
  • Entering Customer Details
  • Setting Credit Control
  • Editing customer records
  • Setting the customer default information
  • Suppliers’ Details
  • Editing suppliers’ details
  • Processing Invoices and Credit Notes
  • Entering invoices
  • Payments and Receipts
  • Recording Payments to a Supplier
  • Recording Receipts from Customers
  • Report Details – Type column
  • Statements, Bank Payments & Recurring Entries
  • Statements
  • Cash Transactions
  • Recurring Bank Account Entries
  • Setting up a Recurring entry
  • Bank Reconciliation
  • VAT Returns
  • Value Added Tax (VAT)
  • A reminder of Input and Output VAT
  • Sage VAT Account
  • VAT Return
  • Checking the entries
  • Reconciling the VAT Return
  • Clearing the VAT Control Accounts

Please note: the following section does not cover the weekly and monthly processing payroll. It covers how to enter the payments into the accounting system. Payroll is a separate subject.

  • Payroll Journal
  • The Use of the Journal
  • Payroll Journal
  • Legal requirements
  • Payroll Terms
  • Gross Pay
  • Deductions from Gross Pay
  • Pay As You Earn
  • Income Tax
  • National Insurance Contributions (NIC)
  • Employees’ contributions
  • Employer’s contributions
  • Wages Summary
  • Bookkeeping Entries
  • Payment to HMRC
  • Payment to employee

Final Accounts

  • Year End Adjustments
  • Journal Entries
  • Accruals and prepayments
  • Depreciation
  • Straight Line
  • Reducing Balance
  • Bad Debts
  • Provision for Doubtful Debts
  • Increasing the Provision
  • Closing Stock
  • Yearend Adjustments Continued:
  • Running the Year End
  • Health and Safety – The use of Computers
  • Employers’ Risk Assessment

‘M5’

  • Legislation and Ethics
  • Manual Partnerships
  • Working in a partnership
  • Bookkeeping entries for Partnership accounts
  • Capital Accounts
  • Partnership sharing ratios
  • Partnership Appropriation Account
  • Interest on Capital
  • Interest on Drawings
  • Salaries
  • Share of profit
  • Drawings
  • Balance Sheet
  • Revaluation of Assets
  • Changes in the partnership during the year
  • Goodwill
  • Admission of a new partner
  • Retirement of an existing partner

‘M6’

  • Legislation
  • Statement of Assets and Liabilities
  • The Receipts and Payments Account
  • Income
  • Subscriptions
  • Accrued subscriptions brought forward
  • Prepaid subscriptions brought forward
  • Carried forward balances at the end of the year
  • Written off subscriptions
  • Life Member Subscriptions
  • Event Income
  • Insurance claims
  • Fund raising events
  • Donations and Bequests
  • Gift Aid
  • Loans from members
  • Prepaid expenses – brought forward and carried forward
  • Accrued expenses – brought forward and carried forward
  • Other adjustments

‘M7’

  • Limited Companies
    • Shareholders and Directors
    • Shareholders
    • Directors
    • Executive Directors
    • Non-Executive Directors
    • The Administrative Requirements of a Limited Company
    • The Memorandum of Association and the Articles of Association
    • The Company Secretary
    • Private Limited Companies
    • Public Limited Companies
    • Types of Share
    • Ordinary Shares
    • Preference Shares
    • Loans and Debentures
    • Accounting for Shares Issues
    • The Share Premium Account
    • The Distribution of Profits and Retained Earnings
    • Distribution of Profits
    • Retained Profits
    • Limited Company Financial Statements
    • The Profit and Loss Account
    • The Balance Sheet
    • Dividends
    • Directors’ Loan Accounts
    • Reserves
    • Revenue (or Distributable) Reserves
    • Capital (or Non-Distributable) Reserves
    • Debentures and the Payment of Interest
  • Limited Liability Partnerships
    • Employment Status in LLP’s
    • Final Accounts for a LLP
    • Interest on Capital
  • Mark-up & Margin Calculations
    • Mark-up and Margin
    • Profit Calculated as the Difference Between Cost Price and Selling Price
    • Profit Calculated as a Percentage Increase on the Cost Price
    • Calculation of Profit Using Percentages
    • Expressing Mark-up as a Fraction Rather Than a Percentage
    • Margin (also known as Profit Margin or Sales Margin)
  • Ratios and Performance Indicators
    • Different Measures
    • What is a Ratio?
    • What is a Percentage?
    • The Financial Statements
    • The Financial Ratios
    • The Profitability Ratios
    • The Liquidity Ratios
    • Financial Position Ratios
  • Cash Budgets
    • The Cash Budget
    • Including the Bank Balance in the Cash Budget
    • Preparing a Cash Budget Using Changes in the Balance Sheet

All Exam fees are included

Papers ‘M4’, ‘M5’, ‘M6’ and ‘M7’ are online examinations and ‘M8’ is taken externally at a Pearson VUE testing centre. Click here to locate your nearest centre for the ‘M8’ Certification exam.

The cost of exams can increase at the discretion of the awarding body (ICB). We will pay for all exam fees up to the agreed value at the time of purchase, but any increase in exam fees will need to be paid for by the student.

Assessment

The testing of knowledge and skills for the qualification will comprise three online assessments, all of which are taken in the candidate’s home or place of work plus one assessment taken at an external ICB centre. Note: the assessment may also test elements of the Level 2 Certificate in Bookkeeping.

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 covering knowledge and skills 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 knowledge and skills 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

This is a single assessment to be taken at an ICB examination centre. The assessment will be a mixture of multi-choice and data entry questions which will cover all elements of the syllabus.

Grading

The full qualification will be graded at Distinction with Honours, Distinction, Merit or Pass

All assessments must be successfully achieved to gain the full qualification. Each assessment will generate a separate accreditation notification.

The home or work place based assessments will be graded as follows:

  • Distinction 95-100%
  • Merit 90-94%
  • Pass 85-89%
  • Fail 0-84%

The assessment taken at an external ICB centre will be graded as follows:

  • Distinction 90-100%
  • Merit 80-89%
  • Pass 70-79%
  • Fail 0-69%

Once all assessments have been successfully completed a final certificate will be awarded which will be graded at Distinction with Honours, Distinction, Merit or Pass. Unit percentage results will be averaged. The following average % marks show an example of how the final grade might be awarded (note the same range of marks may give a different overall result depending on the number of Passes, Merits and Distinctions achieved):

  • Distinction with Honours – 98% and above (with all five papers being graded at Distinction)
  • Distinction – 95-97% overall (with all papers graded at least at Merit or Distinction)
  • Merit – 90-94% (can be a mixture of individual grades)
  • Pass – 80-89% (can be a mixture of individual grades)

Samantha Morris, Rated: 4

Training Link have been an excellent training provider for me during my studies with them. I’m currently working through my BA5 with them. The tutors are brilliant and very supportive. I’m very pleased I chose them. I am continuing my studying with Training Link doing my BA6 and BA7 next. Thank you Training Link for all your wonderful support and help. 

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