ICB Level IV Certificate in Advanced Bookkeeping & Accounts
- Online Studying - No need to attend college!
- Flexible - to accommodate your busy lifestyle
- Interactive - plenty of tutor support
- Affordability - Competitive prices and options to spread your payments over up to 12 months
- Quality - ICB accredited qualification
- Detailed course information here
Course Price: Plus VAT Including Certification
Guided Learning Hours: 120
The Level IV Certificate in Advanced Bookkeeping and Accounts covers the production of a set of accounts from incomplete records, advanced partnership accounts and the preparation and interpretation of internal management accounts for incorporated bodies.
Limits of the qualification
Where reference is made in the syllabus to preparing final accounts for incorporated businesses, this qualification covers the production of internal management accounts only. Those who wish to prepare sets of accounts for directors’ signatures under Financial Reporting Standards (both UK and International) should successfully compete this qualification and then take the Level IV Unit in Financial Reporting.
On completion of this level of study a candidate will be able to:
- Prepare a set of accounts for an organisation from incomplete records
- Prepare a set of final accounts for a limited company for internal management purposes
- Prepare a set of final accounts for a limited liability partnership (income statement and balance sheet only – the preparation of notes will not be tested).
- Adjust the capital share of partners in the event of a change of partnership profit sharing ratio
- Interpret financial statements by calculating and explaining ratios for profitability and liquidity
Assessment and Grading
The testing of knowledge and skills for this qualification will comprise two online assessments, one of which will be taken in the candidate’s home of place of work, the other of which will be taken at an external ICB centre. Note: the assessment may also test elements of the Level II Certificate in Bookkeeping and the Level II Certificate in Bookkeeping and Accounts.
Entry Requirements – This course is open to candidates of 16 years and over, and there are no barriers on the grounds of sex, race, creed or academic attainment in learning. Before commencing the study at this level the candidate should have achieved ICB Level III Certificate in Bookkeeping and Accounts or its equivalent with another awarding body.
Occupational Role: self-employed bookkeeper / senior employed bookkeeper
On completion of this qualification candidates 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 a manual and a computerised system within the above limitations.
This full qualification will be graded at Distinction with Honours, Distinction, Merit, Pass or Fail
Both the test and the examination must be successfully achieved to gain the full qualification.
The assessments will each generate an accreditation notification.
The home or office based assessment will be graded as follows:
Distinction 95 -100%
Merit 90 – 94%
Pass 85 – 89%
Fail 0 – 84%
The assessment taken at an external ICB centre will be graded as follows:
Distinction 90 -100%
Merit 80 – 89%
Pass 70 – 79%
Fail 0 – 69%
Once all tests have been successfully completed a final certificate can be applied for and will be will be graded at Distinction with Honours, Distinction, Merit or Pass. Unit results will be aggregated. To achieve the relevant grade in the full qualification, the following aggregate marks must be achieved:
Distinction with Honours 195 marks and above
Distinction 185 – 195 marks
Merit 170 – 184 marks
Pass 155 – 169 marks
Level of Membership
Successful achievement at the full qualification will lead to the offer to upgrade to
Member of ICB and the award of the designatory letters MICB.
Depending on the candidate, it is anticipated that you will be able to complete this within 6 to 9 months. You are required to complete this qualification within a maximum of 12 months.
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