ICB Associate Certificate in Bookkeeping & Accounts (Level 3)

Is the ICB Level 3 Certificate in Bookkeeping and Accounts course right for me?

This course is an ideal next-level training option if you:

• Have already successfully completed the Level II Certificate in Bookkeeping and Accounts course, or have achieved an equivalent qualification with a registered governing body.
• Wish to enhance your practical knowledge of bookkeeping and accounts in order to increase your current employment options, and climb the next step up their chosen career ladder.
• Have a job that requires you to carry out the role of a chartered bookkeeper, whether in an employed or self-employed capacity.

Before enrolling on this course, you should have previously achieved the ICB Level II Certificate in Bookkeeping or an equivalent qualification with an accredited awarding governing body.

What jobs can I apply for after my ICB Level 3 Certificate in Bookkeeping & Accounts training?

Achieving the ICB Level 3 Certificate allows you to prepare and manage the final accounts for sole traders, registered partnerships and non-profit organisations. The knowledge and skills you acquire on this course are relevant and applicable within businesses that use both traditional and digitalised accounting systems.

This qualification will have you working you way to a career in Bookkeeping or Accounting, where average salaries range between - £20k-£30k. 

(Source: Payscale)

ICB Level 3 Certificate in Bookkeeping & Accounts syllabus 

The ICB Level 3 course will cover the following modules:

• Underpinning knowledge
• Final accounts of non-incorporated businesses
• Reconciliation of accounts and correction of errors
• VAT Returns
• Calculate and post adjustments to the ledgers

ICB Level 3 Certificate in Bookkeeping & Accounts Exam Details

The exam consists of 3 online assessments that you take from home or work, and 1 assessment that you can take at a registered external ICB centre.

What does ICB Level 3 Certificate in Bookkeeping and Accounts online course cover?

During this course, you will learn:

• Why it is essential to adhere to a set of ethical principles.
• How and when it is appropriate to take action in the event of unethical behaviour in the workplace.
• The definition, and correct application, of specific terms including business entity, going historical cost, consistency and prudence and accruals.
• The legal requirements and obligations involved in the process of forming a partnership.
• How to understand, and competently demonstrate, different ways of processing VAT for both EU and non-EU transactions.
• To understand the different types of VAT management systems including the VAT Margin Scheme.

By the end of the course you will be able to confidently carry out the following tasks to the appropriate industry standard:

• Prepare a bank reconciliation statement for a business/company/organisation.
• Account for VAT and prepare a VAT return to an acceptable industry standard.
• Prepare a ledger account for the purposes of recording the disposal of a fixed asset.
• Calculate any profit or loss caused by the disposal of a fixed asset, and record these findings in accordance with current regulation and best practices.
• Calculate adjustments to accounts when and if appropriate.
• Prepare the final accounts for almost any type of non-incorporated business - this would include calculating, processing and accurately recording any adjustments made to the account in question, including:
  • Opening and closing stock
  • Financial provisions for doubtful debt
  • Accruals
  • Prepayments
  • Depreciation of fixed assets