Why Study Business Management courses in South Africa?
The goals of any business might include earning a profit, maintaining stability, and developing job opportunity. People who study business courses are provided the chance to learn more about managing businesses of various sizes. They also learn more about the relationships between businesses and the communities that they serve. Studying a business management course might assist you on your way to becoming a leader in the business environment. The ICB provides a fully accredited business management course program.
The Institute of Certified Bookkeepers.
The Institute of Certified Bookkeepers is a Professional Body that has actually existed because 1931. In South Africa the functions of professional bodies use to incorporate both Professional Membership as well as Education and Training. Nevertheless, scholastic regulations and laws in recent years made these bodies split those functions.
Thus, the historical ICB was divided into a Professional Body and an Academic Body in 2015. The academic body continues under the name Institute of Certified Bookkeepers.
The (new) ICB, that is the body exclusively dealing with Academics, is a recognized Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Funding, Accounting, Management Consulting and other Financial Services).
This suggests that the ICB is licensed by FASSET to recognize training business. Act as the examination (examinations) body for the ICB courses, used by training business certified by them.
Currently the QCTO (the Quality Council for Trades and Occupations) remains in the procedure of handling the responsibility for all SETAs. That implies that FASSET \”falls under\” the QCTO. This might have some result on the details of the accreditation process in the future. Both FASSET and the QCTO are bodies established in regards to an Act of Parliament.
The ICB, under authority of FASSET (and quickly under authority of the QCTO), is accountable for the quality assurance and evaluations (assessments) of a series of qualifications. More about that listed below, under the heading \”ICB Qualifications\”.
The Professional Body is called the Institute of Certified Bookkeepers and Accountants (ICBA). The ICBA is acknowledged by SAQA as a Professional Body and for the registration of 7 professional categories on the National Qualifications Framework (NQF).
Typically a trainee would study ICB qualifications, and on the strength of their qualifications, together with working experience, and adhering to a professional standard procedure, have the capability to get Membership.
The primary objective of the ICBA is to provide professional membership to Junior and Senior Accounting professionals, in addition to Junior Accountants and Financial Accountants, in addition to Office Administrators. As an ICB student, you can get Trainee Subscription of the ICBA.
What are the benefits of studying business management courses in South Africa?
Management involves a broad ability that can benefit you in any workplace. Here are a few of the benefits of studying business management in South Africa:
– You will gain a great grasp of the realities of the business world.
– You will learn more about the Significance of teamwork.
– You will discover the best ways to manage people.
– You will learn about entrepreneurship.
– You will have the ability to integrate your business management understanding and abilities with a range of other skills in order to pursue different career courses.
– You will learn about numerous aspects of running your very own business.
– You will get a better understanding of what to anticipate from employees.
– You will find out more about companies and how they are structured.
– You will discover ways to interact better on a professional level.
Where will I be able to work?
All businesses require qualified individuals in management. The following kinds of businesses are general examples:
– Manufacturing businesses
– Service companies
– Logistics and Supply Chain Supervisor Financial institutions.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Consultant.
Discover how to make a business be successful!
This programme is just the ticket if you have ambitions of managing a business and its finances.
Excellent business management is critically important for a business\’s commercial success. In this ICB program, you\’ll learn about business and financial management best practices, office and legal practice, personnel management, computer literacy, worldwide business method and research study approaches in commerce.
Your very first certification in just 3 topics.
You can accomplish the ICB Business Management: Foundation Level after finishing simply 3 topics (and accomplish the National Certificate: Small Business Financial Management). Continue your studies to advance to the Intermediate and Advanced Levels, and their associated nationally recognized qualifications.
Small Business Financial Management.
( NQF L4 – SAQA ID 48736, total credits: 120).
Grade 11 (Std 9) or equivalent.
- Business Management 1 (BMT1).
- Bookkeeping to Trial Balance (BKTB).
- Business Literacy (BUSL).
What my title can be.
Assistant or administrator in personnels, office management, legal, administration, public relations, marketing, sales, consumer relations. Junior Scientist, Junior Analyst, Sales Assistant.
What I\’ll be able to do.
Demonstrate an understanding of the documentation, processing and recording of a business\’s monetary deals. Interact effectively with the business stakeholders. Program that you understand exactly what it implies to be a general manager. Cost and cost products and manage working capital. Operate a personal computer.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (must consist of the Business Management 1 topic).
- Office and Legal Practice (OLPR).
- Business Management 2 (BMT2).
- Marketing Management and Public Relations (MMPR).
- Financial Statements (FNST).
- Human Resources Management and Labour Relations (HRLR).
What my title can be.
Senior Office Administrator, Secretary, General Office Supervisor, Human Resources Supervisor, Labour Relations Manager, Field/Floor/Store/ Department Manager, Customer support Manager.
What I\’ll have the ability to do.
Manage your journal and work schedule as a manager. Run effectively as a basic office supervisor of a business. Apply marketing, law, PR, and economics principles in business. Prepare and analyze monetary declarations and reports. Work efficiently with the HR and labour relations departments. Apply business growth principles for local and worldwide expansion.
( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).
Higher Certificate: Office Administration (need to consist of the Business Management 2 subject).
- Business Management 3 (BMT3).
- Financial Management and Control (FMCL).
- Financial Reporting and Regulatory Frameworks (FRRF).
- Research study Theory and Practice (by brief dissertation, subject: Business Management) (RTAP).
What my title can be.
Financial Accounting professional, Accounting Officer (by means of SAIBA if you satisfy their requirements). Field/Floor/Store/ Department Supervisor, Secret Account Manager, Business Manager, Business Expert, Business Consultant, Service or Sales Supervisor.
Exactly what I\’ll have the ability to do.
Deal with management information systems at a business level. Prepare a business for internal/external audit. Apply concepts of strategic intent and strategic thinking in a worldwide business environment. Apply supervisory financing and control principles in an industrial environment. Draw up and interpret monetary statements and reports in accordance with IFRS.
You can start today!
Test Dates and Venues.
Class students: The majority of the colleges hold examinations on-site monthly, so check exactly what your college\’s schedule is.
Distance learning trainees can enter the ICB tests in February, May, July, September and November. Tests happen at the ICB approved assessment centres around southern Africa.
Pay your ICB registration and evaluations fees as early as possible, so we can send you your PoE ASAP. Your PoE is an incredible tool to assist you study. Do not leave it to the eleventh hour or you\’ll actually be disadvantaging yourself!
Get in for an ICB exam.
Class trainees will do this through their colleges.
Distance learning students will enter upon the ICB Student Portal online.
Select your qualifications initially. Then select he subjects, test dates and areas for your evaluations, and send your test entry in addition to the required fee. All trainees will get an email verifying their evaluation entries.
How does ICB evaluation work?
When you sign up to study an ICB course, you\’ll also have to register to be analyzed for it. This is so that they can determine at the end of it whether you understand and comprehend the course material well enough to pass. Each ICB programme is created to have particular outcomes. These outcomes are things that you will be able to do and understand as a result of your studies. This is the most vital part of the ICB evaluation policy.
Each result needs a specific amount of time for you to achieve it. These hours are represented by credits. As specified by the South African Qualifications Authority (SAQA), and the ICB assessment policy, 1 credit equates to 10 notional hours. Notional knowing hours are considered to be the time taken by the average student to accomplish the specified knowing outcomes.
What happens if I fail my ICB test?
Don\’t stress if you do not pass first time, you can get a second chance, With an ICB Re-Assesment If you are evaluated as \’not yet skilled\’ in a subject (you did not pass it), you will have a possibility to compose one re-assessment, which is just a summative last examination with a pass mark of 60% (no PoE needed– the examination counts fully to your grade).
You need to complete the re-assessment within 12 months of your original summative evaluation date. We do recommend you write your re-assessments as soon as you can, as subject content does alter. If you miss your re-assessment, or you are \’not yet skilled\’ in it, you can\’t redo it. You will have to re-enter for the subject and start it over by finishing a brand-new PoE.
When do I get my Portfolio of Evidence?
Your PoE will appear 3-4 weeks after the ICB gets your test entry for a specific subject.
How many Portfolios will I get?
You\’ll get one PoE per subject per exam. Each PoE is personalized to that particular subject. Distance learning students will get their Portfolios straight.
What must I do when I get my PoE?
Examine that your specific details on the cover are right. Let you\’re your college/the ICB comprehend ASAP if anything is wrong.
Go through the whole PoE and fill in details where you are asked to.
What\’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your vital introduction of studying your ICB subject!
Your ICB Administration Guide informs you precisely what to do throughout your ICB research study studies. It talks about methods to finish your PoE, and contains great deals of types you need to complete.
Conquer it step by step and follow all the directions in it, and you\’ll be on track for success!
ICB Tests and projects
For each topic, the ICB sets 3 Projects and 2 Tests that help you to assess your understanding throughout your research studies.
Distance learning trainees will discover ICB Tests and Tasks in their PoE when it gets here.
Classroom-based trainees will get their ICB Projects in their Portfolios, and their ICB Tests will be provided by their speakers throughout their research study studies.
You\’ll likewise find blank answer books in your PoE for you to make up the answers to your ICB Tests and Projects in.
Why is my PoE so vital?
The ICB discovering experience is unique– our scholastic group has produced it to offer you the best possible chance of discovering effectively and passing your topic the first time.
However it\’s not practically passing the test Our technique guarantees you get a deep and substantial understanding of your course products.
So you do not merely get a credentials– you gain abilities that you can utilize in your job from day 1.
When do I hand in my PoE?
A number of days prior to your last evaluation, go through the list in your ICB Portfolio Administration Guide and make sure you have really done and included everything. Make a copy of our entire PoE as a backup.
Take your finished PoE to your last test. You\’ll hand it there in.
Your Last test.
When you have actually completed composing your last test, you need to include the examination concern and answer papers to your PoE, and hand everything in together. You can not send out the ICB anything else for your PoE after you have handed it in.
Ill on examination day?
You can apply for a medical post ponement and you\’ll require a medical certificate. Contact your college or the ICB to learn more.
Missed your exam?
If you did not attend your examination, and did not delay it in time, you\’ll need to start the subject over by re-entering for the exam and getting a brand-new PoE.
Everything You Need To Know
Wondering how you ICB course will be graded? It\’s simple. 30% of your last mark originates from the activities and assessments you carry out throughout your course. Your Portfolio of Evidence (PoE) is a folder provided to you at the start of the course, when you have actually signed up for an assessment with the ICB. You\’ll need to put any projects offered to you in addition to the tests you take in it. Your PoE is complete when your last evaluation is added to it at the end of your course.
Your final evaluation will count for the staying 70%– this is your test. You will need to include it in your PoE, which an ICB-registered assessor will then examine to see if you truly know your stuff. You\’ll need to get at least 50% for this exam to pass, no matter your general mark.
This doesn\’t imply that you can slack with your activities and evaluations during your studies, as they totally prepare you for the final assessment, as well as supply evidence of the effort you\’ve.
Exactly what occurs if I need to hold off an assessment?
Need to you need to postpone your ICB exams then you will need to check the Evaluation Timetables to see when you need to send postponements by and pay a post ponement charge. There are cut-offs for these for each evaluation cycle so make certain you request a post ponement in time.
If you need to delay your evaluation due to the fact that you\’re ill on the day, you can apply for a complimentary post ponement (include a doctor\’s certificate with your demand), which may be provided at the ICB\’s discretion. Assessment for topics can be delayed once only if we have actually gotten your post ponement charge in time.
Outcomes are released about 7 weeks after your assessment. See the ICB examination schedules for outcomes launch dates.
Distance learning trainees will be able to get their results on the Trainee Portal, and they will similarly be emailed to you.
Register with a professional body
If you have actually ended up a full accreditation, you can apply to join a professional body like the ICBA.
What I can do with my ICB qualifications
Along with making you appealing to companies and customers, your ICB qualifications can also lead you to these opportunities:
Study further with the ICB
Accredited, trustworthy and recognised qualifications
All ICB qualifications are registered on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programmes are valued by employers, and our graduates are acknowledged locally and worldwide by a number of expert bodies. ICB qualifications are modular, which indicates you can build on them as your research studies or career development. You can also qualify in another program just by completing a few more topics. See the table on page 7 for more.
Discover a job
In association with CareerJunction, South Africa\’s hugely popular task site, you can browse and apply for monetary and admin positions at www.icb.org.za/careers
Study further somewhere else with credit for your ICB credentials
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are respected, worldwide, accounting expert bodies – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB provides.
CIMA provides training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can apply to CIMA for as much as 6 exemptions. If you hold the ICB\’s Certificate: Office Administration NQF 5, you can get 2 exemptions from CIMA.
ACCA is the world\’s leading body for professional accountants, with over 110 years of experience, development and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study even more through ACCA. You will get as much as 6 exemptions to enhance your studies towards ending up being a Chartered Licensed Accounting professional with ACCA.
Chartered Secretaries Southern Africa provides a number of expert qualifications in this specific field of business governance, and grants exemptions for certain ICB subjects.
Professional Membership Opportunities
As soon as you have actually completed your studies through the ICB, there are several local and international expert bodies that you can apply to for expert membership.
The ICBA is the sibling organisation of the ICB and grants membership … at a variety of levels based on your qualification(s) and work experience. The ICBA acknowledges all the ICB\’s present qualifications, as well as other appropriate qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are also identified, as long as they have actually been examined by SAQA.
If you want to register as a tax specialist, you\’ll need to end up being a member of SAIT. SAIT recognises the ICB\’s FET Certificate: Bookkeeping, and the National Diploma: Technical Financial Accounting qualifications. Trainees who register with SAIT with the FET Certificate: Bookkeeping qualification need to upgrade this to the National Diploma: Technical Financial Accounting within a year of ending up being a member. SAIT has numerous other membership requirements– please contact them for information.
Last Updated : July 24 2017