I have recently passed my AAT Level 2 (September 2012) and now studying AAT Level 3, which I have completed indirect tax and spreadsheets so far.
I would like to know which of the ICB courses am I exempt from. I am looking to study ICB Level 2 Computerised Bookkeeping; however it stats that ICB Level 1 Manual Bookkeeping must be completed before hand.
You will have to check with the ICB, (if you already havent) as they are a bit funny about what gets you exemptions from what.
But you should get exemptions from level 1, you haven done AP under the AAT so i think you should do level 2 manual. They will probably ask you to do level 2 computerised but everything you did under CA at level 2 will be more than enough for this.
Please let us know how you get on.
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Nick
Nick Craggs FMAAT ACA AAT Distance Learning Manager
I've thought about these exemptions that the ICB give and their reasoning behind not being so generous with them, namely that ICB is bookkeeping and accountants cannot pass bookkeeping exams (a bone of contention for other threads there).
However, you do not deny that those who have passed accountancy exams can do accounting so why not give exemptions from ICB level III and IV which is where ICB slips over into accountancy to those with accountancy qualifications but make everyone pass levels I and II which are pure bookkeeping?
Just an idea there which would seem to keep everyone happy.
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
ICB does, for example, if you have ACCA F1, F2 and F3 papers you get Level III and if you also have F5, F6 and F7 you get Level IV exemptions. You can take an assessment for Level I and Level II.
It is not that ICB says 'accounts cannot pass bookkeeping' but rather that a lot of them cannot, so it must be tested if they have no other experience in bookkeeping.
We have advisors from ICAEW, we have ACCA/CIMA qualifieds on the board and council, some our examiners are ACCA/ICAEW/CIMA etc etc.
They all say the same thing, Accountants skip the ICB's Level I and a lot of the Level II.
More importantly though, if someone qualified ACCA 40 years ago, and has only been doing high end corporation tax, then they need to revise before they can do the day to day bookkeeping.
However, as I said in other posts, I am constantly pushing for a more unitised exemption route. So rather than get full exemption or do the full qualification, I would like to see ICB being able to give exemptions from the majority and only test on the few areas that are missed out, if any.
