ICB Level 3 Certificate in Bookkeeping and Accounts

Study ICB level 3 from home with a multi-award-winning expert bookkeeping college.

You'll enjoy our highly effective learning, with lessons and activities both printed and online. You’ll also access our professionally-produced video lessons. And our tutors help you every step of the way.

Our study material is unique to us and unavailable elsewhere.

We have 27 years of experience with more 5-star course completion reviews on Feefo & Trustpilot than anyone else. And we’ve won over 20 awards for academic excellence including Best New AAT Provider in 2018, and Training Provider of the Year by the Institute of Certified Bookkeepers 11 times.

• Why study ICB with Training Link - > download

You'll study this course using study manuals written by our own in-house tutors. And you'll use our online learning platform to submit assessments, watch our videos, and take our mock exams.

Tutor support is by phone and email and this is an area we really pride ourselves on - we'll support you every step of the way.

Course Units

M4 Reconciliations and Final Accounts of a Sole Trader

Home/place of work-based assessment to include:

• Underpinning knowledge
• Reconciliation and correction of errors (customer and supplier reconciliations, bank reconciliation, correction of errors including the clearance of a suspense account balance)
• The calculation of summary figures for control accounts
• VAT Returns (cash and standard VAT Returns only but including EU transactions)
• Posting adjustments including disposal and acquisition of fixed assets
• Revaluation of assets
• Final accounts of a sole trader (profit and loss account and balance sheet)

M5 Final Accounts of a Partnership

Home/place of work-based covering knowledge and skills assessment to include:

• All of the requirements for paper M4 but set in a partnership scenario plus:
• Underpinning knowledge
• Ethical considerations
• Underpinning knowledge of the legal requirements for a partnership
• Final accounts of a partnership including the appropriation account and production of partners’ current accounts
• Calculations and bookkeeping entries to record a change of partnership (partnership ratios, goodwill, the effect on capital and current accounts etc.)

M6 Final Accounts for a Not-for-Profit Organisation

Home/place of work-based knowledge and skills assessment to include:

• All of the requirements of paper M4 but set in a not-for-profit scenario plus:
• Underpinning knowledge regarding not-for-profit organisations
• Understanding the different requirements of a chart of accounts for such an organisation
• Understand the concepts of the different forms of income for not-for-profit organisations including a subscriptions account
• Posting adjustments including the subscriptions account and disposal and acquisition of fixed assets
• Final accounts of a not-for-profit organisation

M7 Final Accounts for Incorporated Businesses

Home/place of work-based assessment to include:

• Final accounts including adjustments for a limited company (internal management accounts format only)
• Limited liability partnerships
• Calculation and interpretation of ratios

M8 Level 3 Certificate in Bookkeeping and Accounts Synoptic Exam

This is a closed-book, externally invigilated assessment you will take at home. It comprises a mixture of multi-choice and data-entry questions which cover all parts of the syllabus.

The course is suitable for:

• Those looking to work as a self-employed bookkeeper
• Career changers

You should have already achieved (or be exempt from) the Level 2 Certificate in Bookkeeping (2014 or 2018) or an equivalent with another awarding body.

On completion, you can upgrade your ICB membership status and use the letters MICB after your name. You can also use the title of ‘ICB Certified Bookkeeper’. You will also be able to work as a self-employed bookkeeper or work for a company as a bookkeeper.