Level IV Diploma in Financial Management
Type of Examination:
Home-based online assessments
Prior knowledge:
Competence at ICB Level III Bookkeeping
Prerequisites:
Candidates must have achieved the following ICB Bookkeeping examinations, or gained exemptions from them, before they may apply for any unit papers relating to the Level IV qualification:
Candidates must also:
- have completed the latest examination within the last two years and additionally hold valid student registration, or
- hold valid AICB, MICB or FICB status.
Unit Achievements:
Candidates must pass all four of the units detailed below before they are awarded with the full Level IV Diploma in Financial Management. Candidates must ensure that they have passed all four units within a two-year period to be eligible for the full Level IV Diploma award.
Detailed Syllabus:
Please click each unit title to download a pdf with more information
Unit 1 - Management Accounting
The units comprise:
Monitor Financial Performance
- Collecting information about costs from both internal and external sources
- Monitoring performance and making recommendations to enhance value
- Preparing and presenting periodic performance reports
Draft Budgets
- Preparing forecasts of income and expenditure
- Preparing draft budget proposals
Outcome Statement/Competence in the work place
Unit 2 - Drafting Financial Statements
The units comprise:
- Draft Limited Company Financial Statements
- Interpret Limited Company Financial Statements
Outcome Statement/Competence in the work place
Unit 3 Personal Taxation
The units comprise:
- Calculating income from Employment
- Calculating Property and Investment Income
- Preparing Income Tax Computations
Outcome Statement/Competence in the work place
Unit 4 Business Taxation
The units comprise:
- Preparing Capital Allowance Computations
- Computing Assessable Business Income
- Preparing Corporation Tax Computations on Income and Capital Gains
Outcome Statement/Competence in the work place
More Details: News article discussing Level IV mock papers and examination information.
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