ICB Small Business Finance Home Study Course

Qualification

You xxx can study this small business finance course for personal interest and development without assessment. However the course covers the requirements of the Institute of Certified Bookkeepers Level 3 Diploma in Small Business Financial Management. You can register independently with the ICB and submit for the examinations which are held three times a year at centres worldwide. Membership and examination fees are payable to the ICB and are not included in the course price.

Course Syllabus

The course is divided up into eight modules, as follows:

1. Basic Records

• • why records are necessary
• • cash transactions and the records needed
• • single and double column cash books
• • analysed cash books
• • pre-printed records ("Simplex", Twinlock")
• • petty cash and the advantages of the imprest system
• • bank reconciliation statements
• • concept of debit and credit
• • internal checking: invoices and statements

2. Value Added Tax

• • history of VAT
• • rates of VAT including zero rated and exempted goods
• • how VAT is calculated
• • input tax and output tax
• • registration and deregistration thresholds
• • annual accounting and cash accounting schemes
• • quarterly returns
• • treatment of discounts, bad debts and special schemes
• • penalties for failure to comply

3. Payroll including National Insurance

• • basic concepts of PAYE
• • tax tables and how to use them
• • tax codes and changes of code number
• • National Insurance contributions
• • P45 and P60 forms
• • end year procedures
• • SSP and SMP
• • methods of payment

4. Final Accounts and the Inland Revenue

• • Explanation of the profit and loss account
• • Explanation of a balance sheet
• • construction of simple accounts
• • interpreting accounts
• • the tax computation
• • allowable and non-allowable expenses
• • concept of capital allowances
• • assessment and payment of tax due

5. Pricing the Product

• • the costs of making, selling and delivering the product or service, distinguishing between fixed and variable costs, and direct and indirect costs
• • calculate a selling price using the following methods: standard cost pricing cost plus profit
• • break even analysis and marginal pricing

6. Credit Control

• • credit management systems and the use of credit and bank references
• • the effect on profitability of allowing discounts to induce prompt payments
• • the cost of giving credit and allowing extended credit
• • debt collection procedures and the use of the courts to enforce a debt.

7. Working capital management

• • the importance of working capital
• • controlling cash, stock, debtors and creditors
• • the financing of working capital and the cause and effects of overtrading
• • preparation of cash and profit budgets
• • knowledge and use of key ratios
• • the advantages and disadvantages of using short term borrowing
• • financing the purchase of assets and the use of medium and long term loans

Financial planning - the advantages of using a computer

• • the business plan - structure and financial information required
• • advantages of financial modelling - the 'what if' type of question
• • advantages of preparing a business plan for submission to lending institutions
• • short, medium and long term plans
• • methods of funding

Duration

You may register at any time and have a full year to complete your studies, with extensions being granted at our discretion. The ICB Small Business Finance Home Study Course will take around 80 hours of study to complete.

Tutor Support and Assessment

The course is designed for you to study at home or work. You will receive a course manual, assignments and studyguide plus tutor support by mail and email. You will also have access to a dedicated student support line during working hours.

Each unit is followed by a written assignment, which is submitted and marked by your tutor. There is no external examination required.

What's included in the ICB Small Business Finance Home Study Course?

• Studyguide
• Comprehensive study notes for each unit of the course
• Self-assessment activities
• Assignments
• Tutor support
• Assignment marking & feedback

Your investment

£ 245.00

Methods of payment: Credit/Debit card online (using Paypal).

You can pay the course fees in full or by instalments.

If paying by instalments you will pay a deposit of £125, followed by 4 monthly instalments at £37.50 (credit card only). To pay by instalments please call 0845 094 5889 .

Pay full fee: £245.00

Check if delivery address is outside the UK (£30 for P+P)

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