ICB Manual Bookkeeping Course Level 3 Diploma

ICB Bookkeeping Diploma Course: This course covers the third and final stages in becoming ICB Certified. Increase your knowledge and at the same time your earnings potential. Level three Certification will be invaluable when searching for that new job or indeed students planning to offer a bookkeeping service to businesses.

This is a fully accredited course leading to a highly recognised qualification.

Unit one:
Trading and profit/loss account and balance sheet-sole trader

• Preparing final accounts  
• Identifying items in the accounts  
• The trading and profit/loss account  
• Balance sheet  
• Adjustments to the accounts  
• Worked example  
• Extended trial balance 

Unit two:
Depreciation  
 

• Reasons for depreciation  
• Methods of depreciation  
• Where depreciation is not for a whole year  
• Accounting entries for depreciation  
• Disposal of a fixed asset 

Unit Three:
Incomplete records

• Organisations that use incomplete records  
• Dealing with incomplete records 

Unit Four:
Partnership accounts 

• The partnership act 1890  
• Partnership agreements  
• Partner’s current accounts  
• Profit/loss appropriation accounts  
• Loans from partners  
• Changes to partnership arrangements  
• Revaluation of assets and liabilities on admission of a new partner  
• Goodwill  
• Retirement of a partner  
• A change in profit sharing ratio 

Unit Five:
Manufacturing accounts 

• Types of cost 
• Types of stock 
• Manufacturing account 
• Trading account of a manufacturing business 

Unit six:
Income and expenditure accounts

• Clubs, societies and charities  
• The accounts of clubs, societies and charities 

Unit seven:
Company accounts

• What is a limited company?  
• Forming a company- an intro  
• Financing a limited company  
• The accounts of a limited company  
• Reserves  
• Journal entries to record the sale of shares  
• Redemption of shares and debentures  
• Cash flow statements 

Unit eight:
Control accounts, suspense accounts and correction of errors 
 

• Control accounts 
• Suspense accounts and errors  
• Limitations of trial balance and control accounts 

Unit nine:
interpreting accounts-accounting ratios

• Why use accounting ratios?  
• Ratios which are commonly used? 

Unit ten:
stock

• Valuation of stock  
• FIFO and LIFO methods of stock valuation  
• AVCO method of stock valuation  
• Continuous weighted average  
• Retail selling price  
• Working with stock records  
• Stocks of consumable stores  
• Other stock notes 

Students are required to hold the ICB level two certification before enrolling onto this course. This course is open to students of all ages.

Enrolments can be taken at anytime of the year unlike the traditional local college who tend only to enrol in September. Home Learning offers true flexibility. Enrol today and be studying within 7 days!

ICB Level 3 Bookkeeping Diploma



This is a fully accredited and recognised award. See our qualifications page for further details

All students have one year to complete this course from date of registration. Students are welcome to complete this course as quickly as they want to.

On average this course is completed in 120 hours (6/7 months).  Extensions can be arranged if students do not complete within the year and charges will apply. We would ask you to contact our office on 0800 0131030 for latest extension fees if required.

We recommend that students complete 3-4 hours per week as a minimum to get the most from this course. Remember to work out a study plan / timetable before you start and try and stick to it.

One Years ICB membership is included in the course fee. Valid from date of registration.

The benefits of membership also include:

		Professional letters after your name
		Membership certificate sealed by the Institute
		Membership card
		Access to the 'members only' section on the Institute's web site
		Notification of Bookkeeping Job Vacancies in your area
		Free Technical advice line covering all aspects of bookkeeping
		Free legal advice line for business and personal usage
		Free access to technical and legal downloads
		Free updates on changes in legislation which might affect bookkeeping
		Free advice and guidance on setting up a private practice
		Free information on employment opportunities which arise
		Regional meetings
		CPD (continuing professional development) seminars
		Access to ICB Plus - Exclusive offers on professional and everyday products and services

This course is issued in paper format. This course comes complete in a college bag together with a basic stationery pack, A4 ring binder and ICB Supporting text containing additional information, resources and self testing exercises.

Your course materials will be delivered to you at the specified address within 7 days of enrolment. International students should allow up to 21 days for delivery.
 

All students on this course will be registered to a personal tutor who is contactable via email or post. We also have a team of dedicated advisors to help and advise with any course related queries. The tutors role is to help and support students for the entire duration of their studies. Please remember our tutors are here to help. Never be embarrassed to ask for help.

This course is completed using continual assessment, allowing your tutor to closely monitor your progress every step of the way. This course consists of ten lessons overall. Students will be required to submit a series tutor marked assignments via email or post proving their understanding of the subject covered. A grade and report will be issued on your progress with any suggestions for improvement if necessary

Students are required to complete external examination to gain ICB Certification. Course fees include one Sample paper and one Exam attempt.

Q: When can I enrol?

The beauty of distance learning means that students can enrol at anytime they wish 365 days of the year. Enrolments and payment can be made online or by calling our office on 0121 2880181.

Q: How soon after enrolment can I start studying?

Students would normally receive their course materials within seven days of enrolment. Materials for this course are posted out via Royal Mail Recorded 1st class post or via DHL Courier

Q: Is this course accredited?

Yes! This course is accredited by the ICB. See our qualifications page for full details.

Q: Is there any funding available towards the course fees?

UK Open College is a privately run college therefore we do not have access to funding

Q: Do you offer any discounts for the unemployed or low income households?

Unfortunately discounts are not available

Q: Can I pay monthly for my course?

Yes! We do offer payment plans for this course to students resident in the UK only.  See fees page for further details.

Q: How do I know whether this is the right course for me?

In truth we cannot be sure if this course or indeed home learning will meet every students needs. To help we have a money back guarantee scheme in place which allows students to receive and try the course materials for seven days to establish whether this course is the ideal course for them. If it's not simply notify us via email or telephone within the seven day period for a full refund. Please be aware this is a strict seven day scheme and no refunds are processed once this period has expired.

Q: Is this course available to International students?

Yes! We currently have students all over the world studying with the college. With todays technology distance is no barrier at all. Students outside of the UK will need access to email and a scanner to submit course assignments. Additional charges for delivery of paper course materials will apply if required.

Q: Are there any deadlines for course assignments?

No! You can submit course assignments at your own pace. The only deadline is for completion of the whole course which requires students to finish within one year of registration.

Q: What if I have questions relating to my course or have problems understanding some of the questions?

No problem! All students have access to a personal tutor for the duration of their course with whom they may correspond with. You are not on your own when you study with us! We really do want you to pass your course!

Q: Will I have to purchase any additional books or materials?

No! We provide all the required course materials to enable you to complete your studies. 

Q: Is ICB membership & examination included in the course fees?

Yes! Both fees are included. Please be aware that membership expires after one year. You will need to complete examination before this expires to avoid additional charges.

Q: Where are the examinations held?

Exams for level three are taken externally through Pearson Vue training centres. They currently have 5000 centre worldwide. Exams are arranged by the college and are done on demand at anytime of the year.

Q: Can I retake my exam If I fail?

Yes! We can arrange a retake if required. Additional costs apply. Contact us for current retake fees.

Q: Can I offer a bookkeeping service on a freelance basis after completing this course?

No! To be able to offer a bookkeeping service to limited companies and partnerships you will need to be qualified to a minimum level 3 and hold the ICB level 2 in computerised bookkeeping.

Q: Do I need a computer to complete this course?

No! This course is completed on paper. Students may submit coursework via email if they wish alternatively we issue Freepost envelopes in the course packs.

Course Fee: Starting at: £299.00

UK Student can choose to pay their course fees in full upon enrolment (£299.00) or take out a pay as you study plan as follows. Please note ICB membership (if required) and Exam is included in the fees. This is worth £125.00

Enrolment Fee	£99.00
5 x  Monthly payments	£50.66
Total Fees Payable	£349.00
Pay in full and Save	£50.00

Call our office on 0121 2880181 for guaranteed acceptance onto our pay as you study plan* (Applies to UK Students only) 

MOD Personnel can claim a 10% Reduction on fees when paying in full by quoting BFPO10 when contacting us. Proof will be required.

*Valid Debit/Credit card required.