ICB Level 4 Diploma Bundle *Exam Fee Included*

This package is your route toward gaining the Level 4 Diploma in Advanced Bookkeeping and Accounting qualification from the Institute of Certified Bookkeepers.

Completion of this package plus 2 years experience could lead to becoming a Fellow member (FICB) of the ICB.

  • All Exam Fees worth £340.00 Included

Prerequisites

You need to have attained your Level 3 ICB qualifications (‘MICB’ status) before enrolling on this course package.

Payment Plans

Pay in full to secure the biggest savings

Finance available – provided by divido

£130.00 deposit

  • 12 monthly payments (interest free) of £95.00
  • 24 monthly payments of £52.55 at 9.9% finance

For alternative payment plans, please Contact Us

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This Level 4 Diploma course bundle includes:

  • Workbooks containing lessons, examples, tasks and assignments
  • Activity answer books
  • Online assessments
  • Additional resources for revision purposes
  • Award winning qualified priority tutor support by e-mail and telephone
  • Mock exams with tutor feedback
  • Free Postage and packaging
  • FREE access to ICB’s award-winning membership benefits scheme, ICBenefits

Courses covered in this bundle are: –

Click on each title above to view each course in detail, or click the course content tab above for a brief overview.

Exam Fees Included

Prerequisites

You need to have attained your Level 3 ICB qualifications (‘MICB’ status) before enrolling on this course package.

Duration

Approximately 280-320 hours of average active study time.

The Level 4 Certificate in Self-Assessment Taxation is made up of six topics:

  1. Underpinning Knowledge
  2. Entering Details of Personal Income onto a Self-Assessment Return
  3. Entering Details of Business Income and Expenditure for Unincorporated Businesses onto the Relevant Returns
  4. Chargeable Gains
  5. Calculate Tax and National Insurance Contributions due and File Returns
  6. Foreign Income and Residence Basis

The learning outcomes for each topic are listed below:

Topic 1 – Underpinning Knowledge

Learning Outcomes:
1.1 Duties and Responsibilities of the Bookkeeper / Tax Agent
1.2 Explain what is meant by the terms: Income Tax, Capital Gains Tax
1.3 Explain the principles of taxation appropriate to individuals, Sole Traders and Partnerships
1.4 Identify the main sources of Income and reliefs for an individual
1.5 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

Learning Outcome:
2.1 Identify the main sources of personal income
2.2 Identify the various types of tax reliefs that can be claimed
2.3 Identify the elements of Employment Income and allowable expenses, and complete the relevant pages
2.4 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

Learning Outcome:
3.1 Identify the returns that need to be completed by sole traders and partners
3.2 Explain the principle of basis periods applicable to sole traders and partnerships
3.3 Explain the purpose of, and determine, adjusted trading profits for sole traders and partnerships
3.4 Explain the purpose of Capital Allowances (Equipment, Motor Vehicles and Other)
3.5 Identify trading losses for individuals and partnerships
3.6 Complete the partnership return and the relevant section of the self-assessment return
3.7 Complete the relevant sections of the self-assessment return
3.8 Explain the purpose of Simpler Income Tax for the Simplest Small Business and complete the Self-Assessment Return

Topic 4 – Chargeable Gains

Learning Outcome:
4.1 Explain the elements of capital gains tax
4.2 Apply relief’s deferrals and exemptions
4.3 Explain the treatment of gains and losses

Topic 5 – Calculate Tax and National Insurance Contributions due and File Returns

Learning Outcome:
5.1 Determine taxable income and tax payable
5.2 Identify NI Contributions payable
5.3 Explain the procedure for payment and administration

Topic 6 – Foreign Income and Residence Basis

Learning Outcome:
6.1 Explain how to treat foreign income
6.2 Explain the criteria for residence and remittance

Level 4 Business Insight

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

Level 4 Corporation Tax for Small and Micro Entities

This qualification will enable the candidate to carry out the role of an employed or self-employed bookkeeper, and/or tax agent, submitting relevant documents to both Companies House and HMRC on behalf of clients or employers for limited liability entities in accordance with FRS105 and FRS102 Section 1A.

Learning Outcomes

Underpinning Knowledge

  • 1.1 Understand the duties and responsibilities of a Tax Agent
  • 1.2 Understand what is meant by an accounting period for Corporation Tax purposes

Calculate Adjusted Trading Profits

  • 2.1 Understand the purpose of adjusted trading profits and identify disallowable expenditure
  • 2.2 Compute adjusted trading profit for the period

Capital Allowances

  • 3.1 Understand the nature and purpose of capital allowances
  • 3.2 Prepare a computation for capital allowances

Calculation of Profits Chargeable to Corporation Tax

  • 4.1 Understand Taxable Total profits
  • 4.2 Determine the Corporation Tax Liability
  • 4.3 Complete a CT Return

Gains Losses and Reliefs

  • 5.1 Understand the procedure for determining gains and losses
  • 5.2 Apply reliefs, deferrals and exemptions
  • 5.3 Distinguish between Trading and Non-Trading Losses

Payment and Administration

  • 6.1 Understand the process of payment and administration

These exams can all be taken from home or work.

We will pay for the cost of your exams (up to the combined value of £340.00) 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.*

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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.