ICB Certificate in Advanced Bookkeeping & Accounts Level 4

ICB bookeeping level 4, covering papers ABA8 & ABA9, this home study bookkeeping course covers the advanced stages of the ICB career path. This level 4 certificate covers the production of a set of accounts from incomplete records, advanced partnerships accounts and the preperation and interpretation of internal management accounts for incorporated bodies.

Succesfull students will be able to gain employment as a bookkeeper or indeed become self employed, producing draft year end accounts for limited companies and limited liability partnerships in both manual and computerised formats using sage accounts software.

Qualification: Level 4 Certificate in Advanced Bookkeeping & Accounts
Accredited: Yes
QCF Recognised: No
Industry Recognised: Yes
Awarding Body: ICB- Institute of Certified Bookkeepers
Start Date: Anytime - We enrol 365 days a year
Duration: Flexible - Approx 120 Hours - 12 Months Max Support
Credit Value: Not Applicable

New & updated (Covering new legislation) using the new cloud based software (Sage One Accounts). No longer do you need expensive software to gain your qualification. Log on and use the software from any device. 

Students are required to complete four mandatory units as below

ICB Certificate in Advanced Bookkeeping & Accounts Level 4

ICB Certificate in Advanced Bookkeeping & Accounts Level 4 ICB Certificate in Advanced Bookkeeping & Accounts Level 4

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Course Fee: Starting at: £599.00

​​One of the biggest concerns for any potential student is the financial commitment involved. UK Open College recognise this and have implemented a pay as you study plan to assist students in spreading any fees involved with their course over a manageable period of time. Students are able to pay a deposit upon enrolment followed by a monthly repayment over a set period of time.

We would encourage students to view any related fees as an investment in their future. The majority of investments will provide a rewarding return over a set period of time. Once qualified and in employment students can expect a fantastic return on their investment year after year.

We offer all UK Based students guaranteed acceptance onto this scheme* upon completion of a signed student agreement. Shortly after paying your deposit our accounts department will contact you direct via telephone to gather the required information to complete the agreement. Once received we will forward a digital document via email for your signature. 

*Contact details, employment details and valid UK bank details with the ability to set up direct debit are required for all students applying for our pay as you study plan. If students are unable to provide this information any application may be declined. 

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Course Format

Prepare a set of final accounts for a limited company
Ddefine 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.

Understand the nature of a limited liability partnership
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)

Prepare a set of final accounts for incomplete records
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)

Account for changes in a partnership
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

Understand the importance of interpreting financial statements for internal management purposes.
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.
Analyse and interpret financial statements.
Calculate profitability ratios, liquidity/working capital ratios

Students looking to enrol onto this course should meet the following criteria:

Students are required to take out an online subscription to the cloud based Sage One software to complete the computerised paper BA6. Current cost £10 per month.

Be aged 16 Years or above
Have ICB Membership in place
Have completed ICB level 3 certificate in Bookkeeping & Accounts
Possess a solid knowledge of the english language
Have access to a PC and the internet for the duration of the whole course
Basic computer skills: e.g Word processing, emailing, uploading documents etc
Have a genuine desire to succeed

ICB Level 4 Certificate in Advanced Bookeeping & Accounts

Credit value: Not Applicable
Awarding body: ICB - Institute of Certified Bookkeepers

This course provides successful students with a qualification from the ICB. The Institutes qualifications are widely recognised and accepted by employers. The Institute of Certified Bookkeepers is the largest bookkeeping institute in the world. It promotes and maintains the standards of bookkeeping as a profession through the establishment of relevant qualifications and the award of grades of membership that recognise academic attainment, working experience and competence

Receipt of Certification: Certification is awarded by the ICB and can take up to 12 weeks to be received afer completion of your studies. All certification will be delivered to students direct at their home address. UK Open College have no control over delivery of certification awarded by the external awarding bodies. Any outstanding fees are payable before certification is issued.

Course duration will vary dependant on student commitment, effort and ability. Overall guided learning hours are approx 120. This should be used as a guideline only and completion times will vary hugely. 

We would encourage students to serioulsy consider how they plan to complete their chosen course prior to enrolment. Students should think about how they are going to study, where they are going to study and how often. Be realistic!

Speak to family members and help them to understand what you are trying to acheive, explain you may require peace and space to study at certain times. The more you involve them the more likey you are to get them on your side.

Students are reminded that the time in which they complete is purely down to them as an individual. Completion can be as quickly or as slowly as you wish within the 12 month tuition period. If you require additional time an extension may be available. Extensions are arranged at an additional cost as and when needed.

ICB Membership at level 4 is presumed. If your membership has expired please contact the ICB direct to arrange renewal. Membership is vital to be able to complete examinations associated with this course.

This course is supplied in paper format and will be delivered direct to your chosen address. Students are able to complete their course assignments & email them direct to the tutor. Once received tutors will reply to you direct. We do not accept course assignments via post.

Students can normally expect to receive delivery of their course materials via courier within 3 working days of enrolment being received. However we would ask you to allow 7 working days

All students on this course will be registered to a personal tutor for 12 months who is contactable via email. 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. Students will be required to submit a series of assignments throughout their course direct to their assigned tutor. Tutor details will be contained within your study pack.

In addition all students are required to complete one online assessment and one external assessment. The online assessment can be taken at home or work on any PC. External examinations are taken via Pearson Vue centres. Click here to locate your nearest centre 

Students can expect to receive feedback on submitted assignments within 7 days. However we expect delays on this timescale  during holiday periods e.g Summer holidays July/August, bank holidays and xmas. We appreciate your patience during these periods.



In order to help students with the terms and conditions of their enrolment we have tried to keep things simple and easy to understand. No jargon or small print. Our full terms and conditions can be viewed here.

In our experience the main and most important part of these terms for our students is the cancellation & returns policy. So let’s explain these clearly to avoid any misunderstanding.

Firstly, we would request that students check the course syllabus and content immediately upon receipt. This is vitally important. Please ensure that any qualification awarded at the end of your course meets your needs. If in doubt call us on 0121 288 0181 to check before you enrol.

If for any reason you wish to cancel and return your course to us for a refund you are welcome to do so as long as you notify us within 14 days of receipt at the delivery address. Please email accounts@ukopencollege.co.uk stating your name, address, invoice number requesting to cancel. We will then respond to you with further instruction. If you have received a hard copy of your course you will be required to return this at your own cost via courier/recorded delivery before a full refund will be issued. If you have paid a deposit and signed a student agreement, you will be charged a £30 cancellation fee. This will be deducted from any deposit paid in addition to any postage charges incurred by us.

All returns must remain unused and in resalable condition. This complies with distance selling regulations. All students are welcome to return their course to us for any reason as long as we have been notified within the 14 days as above. Unfortunately, if notification to cancel is received outside of this period your request for a refund will be declined. This does not affect your statutory rights

Please call our accounts team direct on 0121 288 0181 if you have any questions regarding our cancellation and returns policy. It will only cost you a phone call

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