Forum

• # 76789
• Tue 22 Nov 2011 01:43 PM

Hi All

I tried to post this on the MIP section, but I'm not allowed on there yet...

I want to obtain a practicing licence as quickly as possible.  I am already ACCA and AAT qualified.

I sat Level I last week and passed it, and I'm down to sit Level II manual on 8th December.  My understanding is that I then need to sit Level II computerised and Level III.  How many papers is there in Level III?  Am I right in thinking that's all the exams that I need to do?

What happens after that?  Do I need to provide evidence that I can do everything covered by the licence? 

I looked at obtaining a licence with AAT but they wanted to see my cpd records for the last 12 months as evidence that I can do accounts, VAT, payroll, Self Assessment, etc.  The problem with that option was that I've worked in industry for the last 12 years so I couldn't provide anything to support practice based work.  ACCA would not entertain me for the saem reasons...

Is ICB the same?  Will they require evidence too?  How do new bookkeepers get around this, or do they have to wait so many months before they can apply?

• 
  Quote
  

• # 76793
• Tue 22 Nov 2011 02:07 PM

Hi Jojo,
My understanding is you can apply for a practice licence on completion of Level 2 Manual & Computerised and obtaining the insurance, however, you are only allowed to practice up to and including the qualifications you have obtained, for example you would not be able to practice payroll until you have passed that course.

a little brief, but hope it helps.

Regards

Kerry

Edit 1 & 2 &3 - spelling
Edited at 22 Nov 2011 02:08 PM GMT

Edited at 22 Nov 2011 02:08 PM GMT

Edited at 22 Nov 2011 02:09 PM GMT

• www.berrybookkeeping.co.uk
  
  My responses are based on my opinions, not necessarily facts.
• 
  Quote
  

• # 76796
• Tue 22 Nov 2011 02:23 PM

As has been said you can apply for a Practice Licence when you have passed Level II manaual and Level II computerised but you can only provide to clients those services covered by the syllabus. You would not be able to provide payroll until you have passed the Payroll exam. Similarly with Self Assessment. You do not need to do all the level III subjects if you don't intend offering those services. You do need to pass the Level III manaual and Level III computerised to obtain MICB status.

You could do the mock exams to see if you would pass those without taking further study as you are already ACCA and AAT qualified.  

• . http://www.smbps.co.uk/
• 
  Quote
  

• # 76849
• Tue 22 Nov 2011 09:40 PM

Hi Jojo

Unlike the ACCA and AAT the ICB does allow you apply for a practice licence at both the AICB and MICB levels

The diagram shown if you follow the link below will let you know what work can be undertaken aat the various levels.

Also unlike both ACCA and AAT levels do not have to be fully completed to allow you to carry out the work.

i.e. if you qualify Level II computerised and manaual you can apply to be an AICB and pracice doing sole trader accounts if you then do the Level III Self assesment paper you can then do the self assesment returns for the sole traders. Level III payroll will allow you to offer payroll services.

In order to acheive MICB status you need to sit the Level III Manual and computerised papers.

http://www.bookkeepers.org.uk/Membership/Joining_by_Examination

Kind regards
Stuart

• Forum Moderator, South East & Greater London Regional Chairman
• 
  Quote
  

• # 76871
• Wed 23 Nov 2011 09:52 AM

That's much clearer now.

I assumed that it was like the AAT and ACCA, and that I'd have to get to a certain stage with my exams to obtain a licence.  I hadn't realised that it came in chunks which sounds like a good idea to me.

I'd looked at the diagram before, but guess I hadn't really understood what it meant.

Thanks!!!

• 
  Quote
  

• # 92661
• Sat 03 Aug 2013 10:53 AM

Jojosaid:

“Hi All


I want to obtain a practicing licence as quickly as possible.  I am already ACCA and AAT qualified.

I looked at obtaining a licence with AAT but they wanted to see my cpd records for the last 12 months as evidence that I can do accounts, VAT, payroll, Self Assessment, etc.  The problem with that option was that I've worked in industry for the last 12 years so I couldn't provide anything to support practice based work.  ACCA would not entertain me for the same reasons...

Regulation 8 stops me to practice with AAT and IFA

My question is does ACA also have same regulation 8 sort of limits for their students and memebers?  
Please share if anybody knows 
Many thanks 

• 
  Quote