ICB Level 4 Business Insight *Exam Fee Included*

Go beyond bookkeeping and offer your clients extra value with business insights that power future growth. Boost your per-client revenue by adding vital services business need to succeed.

Continuous business success is powered by careful analysis of data to:

  • spot trends
  • identify opportunities
  • and help avoid pitfalls

Exam Fee Included

Pay in full to secure the biggest savings

Prerequisites

You need to be qualified to ICB Level 3 or above before enrolling on this course.

Interest Free Payment Plan

0% finance available – provided by divido

£39.00 deposit

12 monthly payments of £28.00

Offer Price £375.00, saving £25.00

For alternative payment plans, please Contact Us

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The Level 4 Business Insight course includes:

  • In-house mock exam and ICB exam plus all associated booking fees to the value of £125
  • Printed Workbook containing lessons, examples and tasks to the value of £130
  • All support to the value of £145
  • Up to 6 months of award winning expert subject tutor support by e-mail and telephone
  • 9 x course assessments
  • Award winning qualified priority tutor support by e-mail and telephone
  • Full tutor feedback with mock exam
  • Free Postage and packaging
  • FREE access to ICB’s award-winning membership benefits scheme, ICBenefits

This nine chapter course covers:

  • Understanding Cost Behaviour
  • Forecasting and Budgeting
  • Preparing Budgets
  • The Cash Budget
  • Targets and Monitoring Performance
  • The operating Cycle
  • Short Term Finance Decisions
  • Short Term Decision Making
  • Capital Investment Decision Making

Click on the Course Content Tab above for a more detailed overview.

Exam Fee Included

Prerequisites

You need to ensure you are ICB Level 3 qualified before enrolling on this course.

Duration

Approximately 60-80 hours of average active study time.

Chapter One – Understanding Cost behaviour

  • Introduction
  • The Importance of Costing
  • Understanding Cost Behaviour
  • Separating Fixed and Variable Elements – The High-Low Method
  • Contribution
  • Value Analysis / Value Engineering

Chapter Two – Forecasting and Budgeting

  • Introduction
  • Limitations of information used for decision making
  • Factors to consider when forecasting future sales
  • Approaches to preparing sales forecasts
  • Purpose of preparing budgets

Chapter Three – Preparing Budgets

  • Introduction
  • Standard Costing
  • The Master Budget
  • The Key Budget Factor
  • The Sales Budget
  • The Production Budget
  • The Materials Usage and Purchases Budgets
  • The Labour Usage and Cost Budgets
  • The Overheads Budget
  • The Budgeted Income Statement

Chapter Four – The Cash Budget

  • Introduction
  • The Cash Budget
  • Including the Bank Balance in the Cash Budget
  • Preparing a Cash Budget Using Changes in the SFP

Chapter Five – Targets and Monitoring Performance

  • Introduction
  • Prepare a Flexed Budget
  • Reasons for Variances
  • Using Flexed Budgets for Different Scenarios
  • Performance Measurement
  • Non-Financial Performance Indicators
  • Labour Control Ratios
  • The Balanced Scorecard

Chapter Six – The Operating Cycle

  • Introduction
  • The Operating Cycle
  • You have been given the following information
  • Backwards Ratios
  • The Need for Funding to Finance the Operating Cycle
  • The Costs of Holding Current Assets (Stock)
  • Managing the Operating Cycle by Reducing Investment in Stock
  • Managing the Operating Cycle by Reducing Investment in Debtors
  • Other Options to Reduce the Investment in Debtors

Chapter Seven – Short Term Financing Decisions

  • Introduction
  • Sources of finance
  • Other Sources of Finance
  • Short-term versus Long-term Finance

Chapter Eight – Short Term Decision Making

  • Introduction
  • Relevant Costs
  • Non-Relevant Costs
  • Make or Buy?
  • Non-Financial Factors
  • Closure (Shutdown) Decision Making

Chapter Nine – Capital Investment Decision Making

  • Introduction
  • Interest
  • The Time Value of Money
  • Present Values of Future Cash Flows
  • The Payback Period
  • The Internal Rate of Return

This can be taken from home or work, and comprises of one 3 hour exam. You will have 2 weeks from when you receive the exam to take it. Once activated you will have 3 hours to complete it.

We will pay for the cost of your exam (up to the value of £85.00) with this package. 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.

Grading

The qualification will be graded at Distinction, Merit or Pass.

This assessment is a home or work place based assessment and will be graded as follows:

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

*Examination conditions may be subject to change at the discretion of the awarding body.*

Multi Award-Winning ICB Training

You can maximise your chances of success by choosing to study an ICB course with Training Link. And that’s reflected by the number of awards we’ve won that recognise our exceptional standards of educational excellence and tutor support.

We have been named ICB Training Provider of the Year eight years in a row, ICB Tutor of the Year three times, and ICB Student of the Year three times.