Icb Level 1 Assignment 3

The ICB junior bookkeeper certificate not only equips you with great skills for a career on bookkeeping, but it also gives you access to higher programs which allow you to be a fully qualified accountant.  You don’t need a Matric to join the ICB junior bookkeeping program, as the entry requirements are that you are 16 years old, and have a grade 10.


The reasons you should study our ICB Junior Bookkeeper Certificate


Once you have graduated from our ICB junior bookkeeper certificate you will find that there are many different positions you can apply for.  These positions can be in most industries, as every company needs a bookkeeper.

The great thing about being a junior bookkeeper is that you can expect to work regular hours, and you will be able to keep a great work/ life balance. 

As a junior bookkeeper you will usually help the office manager in your daily duties, and these will cover a wide range of functions:

  • The completion of the monthly bookkeeping function to trial
  • Supplier statement reconciliation
  • Inventory systems and bank statement reconciliation,
  • Calculation of PAYE / SDL / UIF remuneration and the monthly EMP deductions and completion of the monthly EMP201 returns,
  • Completion of annual IRP 5, IRP 6 and IT 3a documents, EMP501 and VAT201 return using both manual the manual submission system and E-filing.

ICB Financial Accounting


The ICB Junior Bookkeeper qualification is part of the Financial Accounting stream.  It is the first level of four, the final leg being a National Diploma.

The ICB Junior Bookkeeper is on NQF level 3, and the final level is on NQF level 6.  That means you start at two levels lower than matric, and you end two levels higher.

The Junior Bookkeeper program only needs you to have a Grade 10 to get started, and once you have passed this level you can then carry on to the next level, and then the next, until you have the full diploma!  So this qualification really is a gateway into a serious career in accounting.


What subjects are in this junior bookkeeping course?


In order to complete the ICB junior bookkeeper program students will have to complete all the following subjects:


  • Business Literacy
  • Bookkeeping to Trial Balance
  • Payroll and Monthly SARS Returns
  • Computerised Bookkeeping


Assessment in the ICB junior bookkeeper program


In the ICB junior bookkeeper program you are assessed with a Portfolio of Evidence (PoE).  This is sent to you two to three weeks after you register your exam.  You will receive a unique PoE for every subject you write.

There are many documents in the PoE, and make sure you read them all.  They will include your personal details that you need to check are correct, and the latest policies around exams.  You will also find 3 activities, 2 evaluations and 1 assignment in the PoE, which you have to do at home.  All of these are then taken along on the day of your exam, and handed in when you have completed writing the exam.


ICB Exams


ICB exams happen 4 times per year, and you book your exam directly with the ICB.  You can see the ICB exam dates here.

You are writing your exam with the ICB, so you will have booked your exam directly with ICB via the ICB Learner Portal.  Remember you will not be able to book your exam until you have paid your annual subscription fee to the ICB.  You choose the ICB exam venue closest to you, and there are exam venues across the country.

The final exam counts for 70% of the mark, and the evaluations you did at home in the PoE count for 30% of your mark.

If you could not write the exam and have a valid reason, you can apply to the ICB for a re-assessment.  Remember this is at their discretion, and you will need to give proof of your reason.  For example a doctors note if you were sick.


ICB Exam Results


About 6 weeks after you write your exams the results will be released.  You can read this article if you want to know exactly when the ICB exam results are to be released.

You will find the results in your ICB Learner Portal.  Once you log in you will be able to see all your results in one place, and the new results will appear here.

Once you have the results you can celebrate when you pass!  And if you did not you can apply for a re-write.  This is called a re-assessment and it must be taken within one year of the first attempt.


How long will you have to complete the course?


It will take you 12 to 18 months to complete this program depending on how dedicated you are to your studies.  We recommend that you write at least one exam in every exam sitting, in which case you will be finished in 12 months.


What certificate will you be awarded?


Once you have successfully completed all 4 subjects you will be awarded a Programme Completion Certificate from the ICB.  The ICB will also alert FASSET that you have completed, and FASSET will issue you your  National Certificate in Bookkeeping (Junior Bookkeeping). You will need to be patient in waiting for this certificate as it takes from 6 months to 1 year to receive this final certificate from FASSET.

You will also receive a certificate of completion from TWP Academy. As TWP Academy values education and cares about our students, your completion award will be sent to you via courier so that you receive it as soon as possible and without any delays.

Qualify as an AICB Become an Associate member of the Institute of Certified Bookkeepers and you will be qualified to keep books up to final accounts for sole traders, partnerships and not-for-profit organisations such as clubs and societies. You can become a qualified self-employed bookkeeper with your own practice, keeping books for your clients. Every business and every organisation that has revenues and expenses needs a bookkeeper.

The ICB Level 3 qualification provides you with the required training in both manual and computerised bookkeeping. You can then apply for Associate status and your practising licence. (Note that you must belong to a supervisory body, such as the ICB, or obtain recognition by  HM Treasury, before you are permitted by law to provide bookkeeping services for your own clients.)

Bookkeeping is a craft that requires steady practice, learning step by step to acquire the skills. The principles of bookkeeping have been in use for hundreds of years and so are thoroughly tested against commercial needs. The ICB examination scheme has been updated (2014) and matched with the Ofqual specification to give it the widest possible acceptance. The knowledge and expertise that you will acquire through the full range of ICB exams will enable you not only to practise as a bookkeeper but also to understand business and commerce, and their legal framework, much better than the unqualified person. The sooner you start, the better!

The Level 3 course assumes that you have already passed or been exempted from the ICB Level 2 exams (which qualify you to Affiliate status).  So you will already have a good foundation in basic bookkeeping on which to base more advanced studies. If you complete our course and follow your Tutor’s advice on your marked assignments, you will tackle your exams with confidence – and you will soon start earning.

Awarding BodyThe Institute of Certified Bookkeepers
Floor 11, 30 Crown Place, LONDON EC2A 4EB 0845 060 2345 www.bookkeepers.org.uk The Institute has more than 150,000 students and members, spread over more than 50 countries, making it the largest bookkeeping institute in the world. We are an accredited ICB Training Provider and as such we are trusted by the Institute to register students and provide tuition in accordance with its syllabuses.

Entry Requirements
You must have passed or have been exempted from ICB Level 2 before you can take the Level 3 Certificate courses. Exemptions are available from  the ICB if you have recently passed equivalent bookkeeping exams with another examining body. Check with the ICB before you enrol if this applies to you. To take the ICB exams, you must be registered with the ICB as a Student Member. If you enrolled with us for Level 2, we will have registered you with the ICB but you must keep your registration up to date. If you registered independently or with another course provider, we will need to re-register you so please complete the registration details following our online enrolment form.

Examination Scheme
You apply to the ICB to take the exams when you are ready. The Level 3 Certificate comprises FOUR separately examined papers (BA4, BA5, BA6 and BA7). The ICB exam fees payable to the Institute are £25 each for the first three papers and £65 for paper 4. You take the first three papers as home exams on your own PC at home or in your office.  You take the fourth computer-based exam at an ICB Exam Centre, which is usually Pearson Vue Centre. You must take BA4 first but you can then take BA5 and BA6 in either order.  The final paper, BA7, is an over-arching paper which examines the whole Level 3 syllabus. The pass mark for each of the first three papers is 85% and for BA7 70%.  Your marks are aggregated for your final grade (out of 400):

  • Distinction with Honours  390 or over
  • Distinction 375-389
  • Merit 350-374
  • Pass 325-349

Syllabus Content
Legislation & ethics; supplier & customer reconciliations; control accounts; bank reconciliations; VAT returns; correction of errors; final accounts for sole traders; adjustments; year end ledger entries; partnership accounts; accounts for not-for-profit organisations.

Course SpecificationCourses include:

  • Comprehensive study manuals in four books prepared by experts especially for ICBDirect
  • Access to your Tutor by email, phone or post to help you as you study and to mark your assignments
  • Tasks for practice in all study units with solutions at the end the manual
  • Workbook providing an ongoing practical business scenario with more question for practice with solutions
  • Assignments set at the end of each unit for marking by your Tutor, who will also send you outline solutions along his comments and marks
  • Full Revision Assignment before your BA7 exam
  • Free entry to the ICB online mock exams for each paper
  • 12-month service contract (renewable) so that you can study when it suits you
  • Course guide with valuable advice on making the most of home learning
  • UK post & packing on course materials sent to you.

Study Manuals
A. Manual Bookkeeping , including introductions to partnership accounts and not-for-profit organisations: 8 units, 8 assignments
B. Computerised Booking with Sage Instant Accounts: 4 study units, 4 assignments
C. Partnership Accounts: 1 unit, 1 assignment
D. Not for Profit Organisations: 1 unit 1 Assignment
Units 1-6 of Manual Bookkeeping plus Computerised Bookkeeping cover BA4. Units 7 & 8 provide a manual introduction to Partnership Accounts and Not for Profit Organisations. C. and D. cover  papers BA5 and BA6. You write our full Revision Test and the ICB mock exam before tackling BA7.

Course Tutor
Raymond J Taylor ACIS ACIB FFA Dip Distance Ed
Ray is a very experienced tutor, examiner, writer and consultant in bookkeeping, accounting and financial studies who has spent most of his professional  life in distance learning. He sets himself very high standards while giving encouragement and sympathetic assistance to all his students one-to-one.  He was himself a prizewinning student and many of his students pass with merit and distinction. Ray will help you to make a difference in passing your exams.

ICB Level 3 Certificate in Bookkeeping & Accounting: £299
Or by instalments : deposit £109 and four monthly payments of £50 (total price £309).
For instalment payments, please refer to our Enrolment page.  You can pay the deposit using the Further Payments facility and download the Standing Order for your instalments.

We assume that you already have Sage Instant Accounts, which is supplied with the Level 2 course. If you require a new copy, the full price  for Level 3 with Sage is £399 or £409 by instalments (deposit £129 and four monthly payments of £70)

If you previously enrolled with us for Level 2, you can reduce the Level 3 price by 5%. Enrol at the normal price and we will refund your discount. If you are paying by instalments, deduct the discount (£14.95) from your deposit.
If you qualified as AICB under the previous exam scheme and wish to take BA5 or BA6 as part of your transition to the new exam scheme, you can enrol for these courses on their own: Price for either £89 (or both £169) .

Fast Track
If you are confident about your bookkeeping, and wish to qualify as an AICB as soon as possible, you can enrol for the combined Level 2 + Level 3 course. The combined course costs £655, including ICB Registration,First Year Subscription and Sage Instant Accounts, or by instalments £665 (deposit £225 and 4 monthly instalments of £110). If you are interested in the combined course, we recommend calling or emailing the Director of Studies at our Enrolment Office to discuss your plans before you enrol .

ICB L3 bookkeepingL3 Cert in Bookkeeping & Accounting, L2 +L3 Fast track including Registration & Sage Instant Accounts, Final Accounts for No-for-Profit Organisations (without Sage), Partnership Accounts & Final Accounts (without Sage), Partnership Accounts (without Sage)


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