Hi Helen
You're not being dense, when I first started training with ICB this is something I struggled with. If you call the helpline, you're basically told "anything you've passed an exam in".
Imho, the above advice is open to misinterpretation e.g. one you pass level 2, you have an understanding of Accounts and the main difference between a sole trader and Ltd company is basically capital structure. So what's the difference between a bank rec, sales ledger and purchase ledger between the various legal forms? Very little, if any.
When I was having my web-site approved, it was initially rejected because it mentioned Limited Companies. So technically I believe you're snookered with Ltd Co's until you've passed level 3.
Liz, imho, brush up on Partnerships and I'm sure you'll sail through level 3. I just need to pass my level 3 comp. I've done manual but not paid the upgrade fee yet. I guess when I pay, I'm ok to do manual ltd co's but not computerised ;-)
What I would like to say, is none of the above ramble is a criticism of ICB because I completely "buy in" to the fact that if they're endorsing your credentials. you need to play by the rules.
Edited at 20 Jan 2011 01:50 PM GMT
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