ICB Certificate in Advanced Bookkeeping and Accounts (Level 4 )

Unit 1: Limited Company Accounts

Prepare a set of final accounts for a Limited Company:

• define 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.

Unit 2: Limited Liability Partnerships

• 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)

Unit 3: Incomplete Records

• 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)

Unit 4: Advanced Partnership Accounts

• 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

Unit 5: Interpretation of financial statements

• 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.

Course Enrolment Fees

Our aim is to provide you with the best deal available, therefore any registration fee, certification fee and full tutor support is included in the course price for you. The enrolment fee for the Advanced Bookkeeping and Accounts Level 4 home study course is £748.75, though for a limited time we are offering you the opportunity to pay only £599 which is a 20% discount if you enrol online and pay in full.