ICAM Technician study plan

Map the full Technician Diploma in Accounting syllabus into a one-page topic inventory, tagging each topic as bookkeeping mechanics, financial statements, cost/management accounting, or business/compliance

Define and correctly apply the accounting equation and double-entry rules by journalising 30 varied transactions from scratch without reference notes

Construct a trial balance from your own journal entries and reconcile it to zero, identifying and correcting three deliberate errors you plant

Establish a spaced-repetition deck covering core definitions (asset, liability, equity, income, expense, accrual, prudence) and review it on a fixed daily schedule

Process a full month of bookkeeping from source documents to ledger postings, including sales, purchases, returns, and discounts

Prepare and reconcile a bank reconciliation and a petty cash imprest system, explaining every reconciling item in writing

Record and adjust entries for accruals, prepayments, depreciation, and irrecoverable debts, then show their effect on profit and the statement of financial position

Maintain and reconcile control accounts for receivables and payables against individual ledger balances

Prepare a statement of profit or loss and a statement of financial position from an adjusted trial balance within a timed 90-minute sitting

Apply the accruals and going-concern concepts to justify each adjustment you make, writing one sentence of reasoning per adjustment

Compute and interpret gross margin, net margin, and current ratio from your prepared statements and explain what each movement signals

Diagnose and correct five common preparation errors, such as misposted discounts and omitted closing stock, and document the correcting entries

Prepare a manufacturing or service cost statement that separates direct materials, direct labour, and overheads

Allocate and apportion overheads to cost centres and compute an absorption rate, then apply it to price two jobs

Calculate and reconcile marginal and absorption costing profits for the same period, explaining the difference in closing inventory valuation

Compute break-even point, margin of safety, and target-profit volume for two scenarios and state the assumptions behind each figure

Prepare a full set of cash budgets and a cash flow forecast for a three-month period from opening balances and expected receipts and payments

Classify and present a statement of cash flows using the indirect method, reconciling operating profit to operating cash flow

Evaluate a proposed capital investment using payback, net present value, and accounting rate of return, and write a recommendation that weighs the results

Identify liquidity risks in your forecast and propose two corrective actions with quantified impact

Complete a set of consolidation workings for a parent and a single subsidiary, including fair value adjustments, intra-group eliminations, and non-controlling interest

Prepare consolidated statements of profit or loss and financial position from separate entity accounts

Reconcile group retained earnings and explain each consolidation adjustment in a short working note

Self-mark your consolidation against a model answer and log every mark lost by cause

Summarise the regulatory and ethical duties relevant to a technician, including record-keeping obligations, confidentiality, and the handling of suspected fraud or money laundering

Apply a professional code of ethics to four short scenarios and justify each recommended course of action

Compute and interpret the ratios used to assess profitability, liquidity, efficiency, and gearing for a set of published-style accounts

Draft a two-page internal control review identifying three weaknesses in a sales and purchases cycle and proposing specific controls

Sit two full-length timed mock papers under exam conditions and record your score and time allocation per section

Re-work every question you answered incorrectly in the mocks until you can reproduce the correct method unaided

Condense the entire syllabus into a two-page formula and method sheet you can recall from memory

Build a final-week revision schedule that re-tests your three weakest topics at spaced intervals before exam day