Level 4 Member (MICB)
ICB Level IV Certificate in Advanced Bookkeeping and Accounting
The Level 4 Certificate in Advanced Bookkeeping and Accounting covers the production of a set of accounts from incomplete records, advanced partnership accounts and the preparation and interpretation of accounts for incorporated bodies (micro and small enterprises only) in both a manual and computerised system.
Where reference is made to preparing final accounts for incorporated businesses, this qualification covers the production of draft accounts ready for signing off by the directors for submission to Companies House for incorporated businesses who fall within the limits of micro or small enterprises and who have decided to prepare their accounts under the Financial Reporting Standard for Smaller Enterprises.
Where a qualified accountant (Chartered or Certified only) is involved, members may produce draft accounts to the given requirements of the said accountant.
The qualification is made up of one home based exam, paper ABA8 and ABA9 being external examination taken at a Pearson Vue testing centre. Successful achievement at the full qualification will lead to the opportunity to upgrade to (Full Member) MICB of the ICB and the award of the designatory letters MICB to be used after your name.
This can be achieved by purchasing individual courses B1, B2 and B3 for Level 2, BA4, BA5, BA6 and BA7 for Level 3 and ABA8 and ABA9. Big savings can be made by purchasing upgrade packages from both Level 2 and Level 3 or as a whole package including all of the above
All packages include comprehensive study materials and resources, ICB Exam fees and Sage 50 Professional Training, Sage Business Partner certificates with the professional packages
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.
Before commencing the study at this level the candidate should have achieved ICB Level III Certificate in Bookkeeping and Accounting or its equivalent with another awarding body
On completion of this level of study a candidate will be able to:
- Prepare a set of accounts for an organisation from incomplete record
- Prepare a set of final accounts for a limited company for internal management purposes under FRSSE
- Prepare a set of final accounts for a limited liability partnership, plus adjusting the capital share of partners in the event of a change of partnership ratio
- Interpret financial statements by calculating and explaining ratios for profitability and liquidity