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Levels 2, 3 and 4 Combined, Levels 2, 3 and 4, ICB complete package, Level 3 and 4, Level 4 ‘ABA8’ and ‘ABA9’, Level 3 Self-Assessment Tax Returns, Level 2 & 3 Professional, Level 2 and Level 3, self-assessment tax returns, Level 3 – ‘BA4’, ‘BA5’, ‘BA6’ & ‘BA7’, combined, level 3, Sage 50 Professional, Level 2 - ‘B1’, ‘B2’, ‘B3’, Bookkeeping, computerised, Level 2 Computerised Bookkeeping

Level 4 Member (MICB) Course Package Including £140 Exam Fees -

£575.00 £495.00 Saving 14%

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Sale!

Level 4 Member (MICB) Course Package Including £140 Exam Fees

£575.00 £495.00 Saving 14%

Enrol Today for Just £105 Deposit

This course covers ‘ABA8’ with mock test and full exam, plus ‘ABA9’ mock test and full exam including all exam fees.

You also get Sage 50 Professional software for the duration of your study.

*Price Match* If you can find the same package available elsewhere for a better price we will match it and still include all of our extra utilities.

Interest Free Payment Plan for this course consists of an initial payment of £105.00 followed by 5 monthly payments of £78.00. To take advantage of this payment method, use the down arrow to select “Payment Plan” before adding to basket.

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The ICB level 4 ‘ABA8’ and ‘ABA9’ Advanced Bookkeeping and Accounting course ‘ABA8’ has been designed for people wishing to develop a further understanding of Bookkeeping to include:

  • Preparing the final accounts for Limited Companies and Limited Liability Partnerships using both manual and computerised Systems
  • Preparing a set of accounts for an organisation from incomplete records
  • Prepare a set of final accounts for a limited company for internal management purposes under FRSSE
  • Prepare a set of final accounts for a limited liability partnership, plus adjusting the capital share of partners in the event of a change of partnership ratio
  • Interpret financial statements by calculating and explaining ratios for profitability and liquidity

Prerequisites

Level 3 ‘AICB’ under the 2014 syllabus. Please get in touch with our course consultants if you are unsure.

A good understanding of the English language is essential.

Enhanced Learning (Fast Track)

With the Level 4 ‘ABA8’ and ‘ABA9’ course, we significantly reduce the amount of time taken to complete our courses by eliminating the time consuming elements. There is no reduction whatsoever in the learning content, in fact we believe our courses and self-tests cover more detail than those found elsewhere.

Duration

Approximately 40-50 hours average active study time with Enhanced Learning.

We also provide a mock exam and revision service covering the ‘ABA9’ final exam. Please speak to your tutor or our course advisers for further information.

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

The course includes:

  • Printed Workbook containing lessons, examples, tasks and assignments
  • Printed Model Answers Workbook
  • Sage 50 Accounts Professional software for the duration of the course
  • 5 x Tutor Marked Assignments for the manual section
  • 2 x Tutor Marked Assignments for the computerised section
  • Enhanced Learning resources
  • Award winning Qualified tutor support by e-mail and telephone
  • Guaranteed same day assignment marking
  • FREE syllabus updates if required
  • FREE repeat lessons
  • New Online ICB exam simulation tests
  • ICB Exam fees for ‘ABA8’ & ‘ABA9’
  • Entitlement to apply for an NUS Extra card

FREE Postage and packaging

Level 4 – Introduction (Manual and underpinning knowledge)

  • Regulatory Framework
  • Business entity concept
  • Going concern concept
  • Accruals (matching) concept
  • Consistency concept
  • Materiality concept
  • Money measurement concept
  • Prudence concept
  • The Data Protection Act
  • Money Laundering
  • What is Money Laundering?
  • The Proceeds of Crime Act 2002 (POCA)
  • The Money Laundering Offences

Level 4 – Unit 1 – Incomplete Records

  • Calculation of profits from a complete set of accounts
  • Calculation of profit comparing opening and closing capital balances.
  • Calculation of profit from opening and closing balances
  • Calculation of Credit Sales and Credit Purchases
  • Calculation of Expense Items
  • Profit calculated as the difference between cost price and selling price
  • Calculation of profit using percentages
  • Expressing mark-up as a fraction rather than a percentage
  • Margin
  • Mark up and margin – common percentages and fractions
  • The link between mark-up and margin
  • Percentages that are greater than 100%

Level 4 – Unit 2 – Change of Ratio of Partnership

  • Goodwill
  • Change in Profit Sharing Ratios
  • Goodwill retained in the accounts
  • Goodwill not retained in the accounts
  • Retirement of a Partner
  • Admission of a new partner
  • Revaluing the Partnership

Level 4 – Unit 3 – Limited Companies

  • What is a limited company?
  • How are the profits distributed?
  • Who takes the decisions?
  • Annual Return
  • Private Limited Companies
  • Public Limited Companies
  • Forming a Limited Liability Company
  • Memorandum and Articles of Association
  • Articles of Association
  • Ordinary or Equity shares
  • Preference Shares
  • Loans
  • Debentures
  • Bookkeeping for a limited company
  • Issue of Shares
  • Shares issued and payable by instalments
  • Final Accounts
  • Profit and Loss Accounts
  • Profits of a limited company
  • The Appropriation Account
  • Balance Sheet
  • Provision for Corporation Tax
  • Payments of dividends
  • Deferred payment of dividends
  • Reserves of a Limited Company
  • Revenue Reserves
  • Capital Reserves
  • Debentures and the payment of interest

Level 4 – Unit 4 – Ratios 

  • Introduction to Ratios
  • Comparison of net profit to capital
  • Profitability ratios
  • Gross Profit to Sales (Gross Profit Margin)
  • Net Profit to Sales (Net Profit Margin)
  • Return on Capital Employed (ROCE)
  • Liquidity ratios
  • The Current Ratio
  • The Acid Test Ratio
  • Stock Turnover
  • Collection period for Debtors
  • Payment period for Trade Creditors

Level 4 Unit 5 

  • Employment status of partners (Members in LLPs)
  • Format of Final Accounts
  • Members’ drawings
  • Net profit before members’ remuneration and profit share
  • Members’ remuneration charged as an expense in the profit and loss account
  • Unallocated profits
  • Members’ other interests (Equity)
  • Members’ Capital (Equity)

Computerised section

Chapter 1:

  • Installing the software

Chapter 2: 

  • Sage and the Chart of Accounts
  • Backing Up previous accounts
  • Clearing down the system (Rebuild)
  • Company details
  • Types of businesses
  • Shortcuts

Chapter 3: 

  • New 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
  • Practice 1
  • Recording the opening bank monies
  • Practice 2

Chapter 4: 

  • Customers and Suppliers
  • Entering Customer Details
  • Editing customer records
  • Setting the customer default information
  • Suppliers’ Details
  • Editing suppliers’ details

Chapter 5: 

  • Processing Invoices and Credit Notes
  • Entering invoices

Chapter 6: 

  • Payments and Receipts
  • Recording Payments to a Supplier
  • Recording Receipts from Customers
  • Report Details – Type column

Chapter 7: 

  • Statements, Bank payments & Recurring Entries
  • Statements
  • Cash Transactions
  • Practice 3
  • Recurring Bank Account Entries
  • Setting up a Recurring entry

Chapter 8: 

  • Bank Reconciliation

Chapter 9: 

  • VAT Returns
  • Value Added Tax (VAT)
  • A reminder of Input and Output VAT
  • Sage VAT Account
  • VAT Return
  • Reconciling the VAT Return
  • Clearing the VAT Control Accounts

Chapter 10: 

  • Payroll Journal
  • The Use of the Journal
  • Payroll Terms
  • Gross Pay
  • Deductions from Gross Pay
  • National Insurance Contributions (NIC)
  • Wages Summary
  • Bookkeeping Entries
  • Payment to HMRC
  • Payment to employee
  • Correction of Errors

Chapter 11: 

  • Year-end Adjustments
  • Journal Entries
  • Accruals and prepayments
  • Depreciation
  • Straight Line Method (SLM)
  • Reducing Balance (RBM)
  • Bad Debt Write Off
  • Provision for Doubtful Debts
  • Increasing the Provision
  • Closing Stock
  • Year-end Adjustments Continued:
  • Year-end Reports
  • Running the Year-end
  • Health and Safety – The use of Computers
  • Employers’ Risk Assessment

Chapter 12: 

  • Exam Preparation
  • Changing program date
  • Transferring opening stock
  • Entering closing stock
  • Chart of Accounts
  • Accruals and Prepayments
  • Accruals (or matching) concept
  • Disposal of fixed assets
  • Depreciation
  • Methods of calculating depreciation:
  • The straight line method of depreciation (SLM)
  • Reducing Balance Method (RBM)
  • Provision for bad (or doubtful) debts
  • Apportionment of overheads

Exam preparation

End of course tests and online exam simulation tests are the perfect way to ensure you have the best possible chance of success. Our specialist examinations department will provide you with feedback, advice and support plus any additional lessons you may need prior to taking exams. We use the same testing system as the ICB so you will have a perfect insight to the real thing.

Please note: Past ICB examination papers are no longer valid under the new syllabus.

Exams

The Level 4 Certificate in Advanced Bookkeeping and Accounting Paper ‘ABA8’ is an online examination covering the manual aspects, plus a further paper covering the Computerised elements that has to be downloaded, the tasks completed and then uploaded back to the system for marking. Uninterrupted access to a secure internet connection will be required for the online examination.

‘ABA9’ is taken at your nearest Pearson VUE testing centre. Click here to locate your nearest centre

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