I have a few questions regarding the ICB qualification and the requirements. I am trying to gather as much information before jumping in. Please forgive if the answers are blindingly obvious, I am also currently costing out the full course and I want to make sure my understanding is correct.
1. I expect both examinations in Level II need to be taken and it isn't a case of one of two need to be done. The same is also true with Level III, do all five need to be taken?
2. Other than membership fees and professional indemnity insurance, what other fees does a bookkeeping incur. I can think of software, office related costs, travel, but not sure if there are other legally required fees.
3. Do I need to acheive Level III before I can operate on my own as a self-employed bookkeeper?
4. What are the restrictions on what I can/can't do upon completing Level III and before completing Level IV? I know of Tax, drafting financial statements and management reporting. Anything else?
Ideally, I will study around a full time job and set up my company in the next calender year. Then take on a few clients and build the business to the point where I can become part time in my current job and then ultimately be fully supported by my own company soon after. Hopefully I would achieve Level IV to enable a wider range of services. Does this sound realisitc? I currently work in a finance role, but want to change to be more independant and work for myself.
Thanks in advance