ICB Bridging Unit

Self Study

Unit DurationDuration: 40-60 Hours

Unit LevelLevel: 3

Number of ExamsExams: 1

Institute of Certified Bookkeepers

Are you AAT Level 3 qualified? Would you like to gain full membership with the ICB?

The ICB Bridging Unit has been specifically developed to fulfil this requirement. Upon completion, you will be fully prepared for the ICB Bridging Exam (BE).

Training Link’s ICB Bridging Unit is completely unique and not to be found anywhere else.

Covering Final Accounts for Not for Profits and Limited Companies, you will cover all elements related to the skills gap between the AAT and ICB Syllabus.

You will have unlimited access to our online learning portal for 6-months.

Course Syllabus

Non-Profit Club Accounts

  • 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

Limited Liability Accounts

  • 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

Prerequisites & System Requirements

You need to hold an AAT Level 3 qualification:

  • Bookkeeping – Including the Foundation Award in Accounting Software qualification
  • Accounting – Including the Using Accounting Software (UACS) unit

You need to have been awarded this within the last 5 years.

Why Training Link?

Training Link focuses on only three subjects: Accounting, Bookkeeping, and Payroll.

This keeps us focused on delivering the best student experience. And that’s why over the last 27 years we’ve won over 20 awards – from AAT’S Best New Training Provider in 2018 to ICB’s Large Training Provider of the Year for ten years in a row.

Training Link has written and created all of the study material for our ICB courses.

And because we control this material, we can improve it based on student feedback and results. This is what helps Training Link students achieve outstanding pass rates.

What's Included?

The course fee includes:

  • 24/7 online Rogo Assessments
  • Printed workbook containing lessons, examples and activities
  • One auto-marked mock exam
  • Free postage and packaging within the UK

Why ICB?

The Institute of Certified Bookkeepers was established in 1996. They promote the bookkeeping profession, learning and education, and offer qualifications.

The ICB is the largest bookkeeping membership organisation in the world. There are over 150,000 students and members in over 100 countries.

ICB’s certification is based on exams and only the finest professionals are eligible for membership. Members need to maintain their status via Continuous Professional Development.

ICB’s rigorous standards give businesses the confidence that an ICB-certified Bookkeeper will have the highest standards. And that’s why it is a perfect pathway for anyone who wants to become a self-employed bookkeeper.

Exam Preparation, Exams & Assessments

If you choose to sit the exam at the end of this unit, you would be required to be registered with the ICB first. You would then contact the ICB to book your exam.

You can take the exam from home or work, and comprises one 3-hour exam. You will have 2 weeks to access your exam. Once activated you will have 3-hours to complete it.

Need tutor support?

Tutor support is often overlooked, and whilst it might not be needed at all times, isn’t it good to know that if push comes to shove, you have access to tutor support – Even on a self-study option?

Purchase tutor support when you need it – For one month…or longer, the choice is entirely yours!

You don’t need to decide now. See how you get on, and if you decide that a little support is needed, simply come back here and click the following link…

Self-study book

£57.00

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