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ICB Certificate In Advanced Bookkeeping and Accounts Level 4

This ICB Certificate In Advanced Bookkeeping and Accounts Level 4 covers the production of a set of final accounts from incomplete records, advanced partnership accounts and the preparation and interpretation of internal management accounts for incorporated companies.

Level 4 / ICB Certificate / OSC60

£619.00 or only £100.00 initial deposit

Method of study

Paper

Choose how you want to pay

Course Title:ICB Certificate In Advanced Bookkeeping and Accounts Level 4

Awarding Body:ICB Certificate

Average Duration:90 hrs

Course Support:12 months expert tutor support

Course Description

Once you have successfully completed this qualification you will be able to carry out the role of an employed or self-employed bookkeeper, producing draft year-end accounts for limited companies and limited liability partnerships in both manual and a computerised system.  You will also be able to analyse and interpret financial statements.

Successful achievement of the qualification will lead to the option to upgrade to become a Member of the ICB (Institute of Certified Bookkeepers) and the award of the designated letters MICB after your name.

The course includes free Sage 50 software which you can use to gain real bookkeeping skills.

Please note: The Sage 50 Accounts software will only work on computers which run Windows 7 or higher, therefore Sage will not run on Windows XP. Sage software will not run on any Apple Macintosh computer. Please email us for full specification and compatibility details.

Course Info

Course Title:ICB Certificate In Advanced Bookkeeping and Accounts Level 4

Awarding Body:ICB Certificate

Average Duration:90 hrs

Course Support:12 months expert tutor support

Previous Knowledge

Before enrolling on this course you will need to have achieved an ICB Level 3 Certificate in Bookkeeping (available here) or an equivalent qualification.

Assessment

One timed home-based online assessment (which can be taken at home or at work) and one timed centre-based exam which will be taken at an approved ICB test centre

Awarding Organisation

The Institute of Certified Bookkeepers is the largest bookkeeping awarding body in the world. Offering membership to students, this industry recognised qualification highlights your experience and competence within the bookkeeping and account profession.

An ICB accredited qualification will help you become a fully-fledged bookkeeper, all from the comfort of your own home.

Unit 1: Limited Company Accounts

Prepare a set of final accounts for a Limited Company. You will be able to:

  • Define the term Limited Liability
  • Understand its legal status
  • Identify sources of capital – shares and debentures
  • Distinguish between capital and revenue reserves
  • Define shareholders’ equity
  • Account for the issue of shares and debentures
  • Account for dividends paid
  • Prepare a set of final accounts to include adjustments and provisions, debenture interest paid and accrued, treatment of dividends and provision for corporation tax.

Unit 2: Limited Liability Partnerships

Understand the nature of a limited liability partnership. You will be able to:

  • Understand the reasons for setting up a limited liability partnership
  • Explain the limit of the liability
  • Prepare a set of final accounts for a limited liability partnership (internal management accounts only)

Unit 3: Incomplete Records

Prepare a set of final accounts for incomplete records. You will be able to:

  • Determine the opening value of capital through the accounting equation
  • Determine bank and cash balances
  • Prepare ledger accounts to determine missing values for sales and purchases using mark up and margin, expenses and drawings
  • Identify capital expenditure
  • Identify stock loss
  • Prepare adjustments for accruals and prepayments
  • Prepare profit and loss account and balance sheet (manual system only)

Unit 4: Advanced Partnership Accounts

Account for changes in a partnership. You will be able to:

  • Prepare accounting entries for a change of profit sharing ratio including the admission and retirement of a partner
  • Account for the treatment of goodwill on such a change in partners
  • Account for a revaluation of assets in a partnership

Unit 5: Interpretation Of Financial Statements

Understand the importance of interpreting financial statements for internal management purposes. Analyse and interpret financial statements. You will be able to:

  • Understand the link between profitability and liquidity
  • Have an awareness of the problems that might arise if long term borrowing is significantly high in relation to capital invested in the business
  • Calculate the following:
    • Profitability ratios
    • Return on capital employed
    • Gross profit % to sales
    • Net profit % to sales
    • Liquidity /working capital ratios
    • Debtors collection period
    • Creditors payment period
    • Current ratio
    • Acid test

Comment on the results shown from the ratio calculations over time

This course offers 12 months tutor support. Tutors are available to answer student questions relating to course materials and to comment on the assignments that are sent in to state how well students have understood the unit content.

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Course Description

Once you have successfully completed this qualification you will be able to carry out the role of an employed or self-employed bookkeeper, producing draft year-end accounts for limited companies and limited liability partnerships in both manual and a computerised system.  You will also be able to analyse and interpret financial statements.

Successful achievement of the qualification will lead to the option to upgrade to become a Member of the ICB (Institute of Certified Bookkeepers) and the award of the designated letters MICB after your name.

The course includes free Sage 50 software which you can use to gain real bookkeeping skills.

Please note: The Sage 50 Accounts software will only work on computers which run Windows 7 or higher, therefore Sage will not run on Windows XP. Sage software will not run on any Apple Macintosh computer. Please email us for full specification and compatibility details.

Previous Knowledge

Before enrolling on this course you will need to have achieved an ICB Level 3 Certificate in Bookkeeping (available here) or an equivalent qualification.

Assessment

One timed home-based online assessment (which can be taken at home or at work) and one timed centre-based exam which will be taken at an approved ICB test centre

This course offers 12 months tutor support. Tutors are available to answer student questions relating to course materials and to comment on the assignments that are sent in to state how well students have understood the unit content.

Unit 1: Limited Company Accounts

Prepare a set of final accounts for a Limited Company. You will be able to:

  • Define the term Limited Liability
  • Understand its legal status
  • Identify sources of capital – shares and debentures
  • Distinguish between capital and revenue reserves
  • Define shareholders’ equity
  • Account for the issue of shares and debentures
  • Account for dividends paid
  • Prepare a set of final accounts to include adjustments and provisions, debenture interest paid and accrued, treatment of dividends and provision for corporation tax.

Unit 2: Limited Liability Partnerships

Understand the nature of a limited liability partnership. You will be able to:

  • Understand the reasons for setting up a limited liability partnership
  • Explain the limit of the liability
  • Prepare a set of final accounts for a limited liability partnership (internal management accounts only)

Unit 3: Incomplete Records

Prepare a set of final accounts for incomplete records. You will be able to:

  • Determine the opening value of capital through the accounting equation
  • Determine bank and cash balances
  • Prepare ledger accounts to determine missing values for sales and purchases using mark up and margin, expenses and drawings
  • Identify capital expenditure
  • Identify stock loss
  • Prepare adjustments for accruals and prepayments
  • Prepare profit and loss account and balance sheet (manual system only)

Unit 4: Advanced Partnership Accounts

Account for changes in a partnership. You will be able to:

  • Prepare accounting entries for a change of profit sharing ratio including the admission and retirement of a partner
  • Account for the treatment of goodwill on such a change in partners
  • Account for a revaluation of assets in a partnership

Unit 5: Interpretation Of Financial Statements

Understand the importance of interpreting financial statements for internal management purposes. Analyse and interpret financial statements. You will be able to:

  • Understand the link between profitability and liquidity
  • Have an awareness of the problems that might arise if long term borrowing is significantly high in relation to capital invested in the business
  • Calculate the following:
    • Profitability ratios
    • Return on capital employed
    • Gross profit % to sales
    • Net profit % to sales
    • Liquidity /working capital ratios
    • Debtors collection period
    • Creditors payment period
    • Current ratio
    • Acid test

Comment on the results shown from the ratio calculations over time

Awarding Organisation

The Institute of Certified Bookkeepers is the largest bookkeeping awarding body in the world. Offering membership to students, this industry recognised qualification highlights your experience and competence within the bookkeeping and account profession.

An ICB accredited qualification will help you become a fully-fledged bookkeeper, all from the comfort of your own home.

Why should you choose NCC for your home learning?

1

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Unlike many distance learning providers, we offer our students the choice of learning online, or from a paper booklet.

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Choose to pay for your course in full, or spread the cost with monthly instalments. Payment plans are interest-free, and no credit checks are undertaken.

5

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Our course tutors are experts in their field. They're on hand to mark your assignments and offer feedback and guidance throughout your course.

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Work at your own pace. Our team will support you, but won't chase you for work or apply deadlines for submissions. 

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£619.00 or only £100.00 initial deposit

Method of study

Paper

Choose how you want to pay