Why Study Business Administration courses in South Africa?

 

The goals of any business may consist of earning a profit, preserving stability, and producing job opportunity. People who study business courses are offered the opportunity to learn about managing businesses of numerous sizes. They likewise learn about the relationships in between businesses and the communities that they serve. Studying a business administration course may assist you on your way to becoming a leader in the business environment. The ICB uses a completely recognized business administration course program.

 

The Institute of Certified Bookkeepers

 

The Institute of Certified Bookkeepers is a Professional Body that has really existed due to the fact that 1931. In South Africa the functions of professional bodies utilize to incorporate both Professional Membership in addition to Education and Training. However, academic regulations and laws recently 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 solely managing Academics, is an acknowledged Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Funding, Accounting, Management Consulting and other Financial Providers).

This suggests that the ICB is authorized by FASSET to acknowledge training companies. Act as the assessment (exams) body for the ICB courses, utilized by training companies accredited by them.

 

Presently the QCTO (the Quality Council for Trades and Occupations) is in the process of dealing with the obligation for all SETAs. That suggests that FASSET \”falls under\” the QCTO. This might have some impact on the details of the accreditation procedure in the future. Both FASSET and the QCTO are bodies established in terms of 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 classifications on the National Qualifications Framework (NQF).

Normally a trainee would study ICB qualifications, and on the strength of their qualifications, together with working experience, and sticking to a professional guideline, have the ability to get Membership.

 

The main goal of the ICBA is to supply professional membership to Junior and Senior Accounting professionals, in addition to Junior Accountants and Financial Accountants, in addition to Office Administrators. As an ICB trainee, you can get Student Subscription of the ICBA.

 

What are the benefits of studying business administration courses in South Africa?

 

Management involves a broad ability that can benefit you in any workplace.

 

Here are a few of the advantages of studying business administration in South Africa:

 

– You will acquire a good grasp of the truths of business world.

– You will learn about the Importance of teamwork.

– You will discover ways to manage people.

– You will learn about entrepreneurship.

– You will be able to integrate your business administration knowledge and skills with a range of other abilities in order to pursue various career courses.

– You will learn about numerous elements of running your own business.

– You will acquire a much better understanding of what to anticipate from staff members.

– You will learn more about companies and how they are structured.

– You will discover the best ways to communicate better on a professional level.

 

Where will I be able to work?

 

All businesses require qualified individuals in administration.

 

The list below kinds of businesses are general examples:

 

– Manufacturing businesses

– Service companies

– Retailers.

– Logistics and Supply Chain Manager Financial institutions.

– Own business.

– Business Analyst.

– Operations Manager General Supervisor.

– Compliance Officer.

– Management Specialist.

 

Find out ways to make a business succeed!

 

 

This program is just the ticket if you have ambitions of managing a business and its finances.

Great business administration is vitally important for a business\’s business success. In this ICB program, you\’ll learn about business and financial administration best practices, office and legal practice, human resource management, computer system literacy, worldwide business method and research techniques in commerce.

 

Your very first qualification in simply 3 subjects

 

You can attain the ICB Business Administration: Foundation Level after completing just 3 subjects (and accomplish the National Certificate: Small Business Financial Administration). Continue your studies to progress to the Intermediate and Advanced Levels, and their associated nationally recognized qualifications.

 

Foundation Level

National Certificate

Small Business Financial Administration

 

NQF Level.

( NQF L4 – SAQA ID 48736, overall credits: 120).

 

Period.

9 months.

 

Entry requirements.

Grade 11 (Std 9) or comparable.

 

Topics

 

1. Business Management 1 (BMT1).
2. Bookkeeping to Trial Balance (BKTB).
3. Business Literacy (BUSL).

 

What my title can be

 

Assistant or administrator in human resources, office management, legal, administration, public relations, marketing, sales, client relations. Junior Researcher, Junior Analyst, Sales Assistant.

 

Exactly what I\’ll have the ability to do

 

Demonstrate an understanding of the documentation, processing and recording of a business\’s financial deals. Interact successfully with the business stakeholders. Show that you understand exactly what it suggests to be a general supervisor. Cost and rate products and manage working capital. Run a personal computer.

 

Intermediate Level

Higher Certificate

Office Administration

 

NQF Level.

( NQF L5 – SAQA ID 23619, total cumulative credits: 240).

 

Duration.

+15 months.

 

Entry requirements.

National Certificate: Small Business Financial Management (need to consist of business Management 1 topic).

 

Subjects

 

1. Office and Legal Practice (OLPR).
2. Business Management 2 (BMT2).
3. Marketing Management and Public Relations (MMPR).
4. Financial Statements (FNST).
5. Human Resources Management and Labour Relations (HRLR).

 

What my title can be

 

Senior Office Administrator, Secretary, General Office Manager, Human Resources Manager, Labour Relations Supervisor, Field/Floor/Store/ Department Supervisor, Customer support Supervisor.

 

What I\’ll have the ability to do

 

Manage your journal and work schedule as a manager. Operate effectively as a basic office

manager of a business. Apply marketing, law, PR, and economics principles in business. Draw up and interpret financial statements and reports. Work efficiently with the HR and labour relations departments. Apply business growth principles for local and global expansion.

 

Advanced Level

National Diploma

Financial Accounting

 

NQF Level.

( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).

 

Duration.

+12 months.

 

Entry requirements.

Higher Certificate: Office Administration (need to include business Management 2 subject).

 

Subjects

 

1. Business Management 3 (BMT3).
2. Financial Management and Control (FMCL).
3. Financial Reporting and Regulatory Frameworks (FRRF).
4. Research Theory and Practice (by short dissertation, topic: Business Management) (RTAP).

 

What my title can be

 

Financial Accounting professional, Accounting Officer (through SAIBA if you satisfy their requirements). Field/Floor/Store/ Department Manager, Key Account Manager, Business Manager, Business Expert, Business Consultant, Service or Sales Supervisor.

 

What I\’ll be able to do

 

Deal with management info systems at a corporate level. Prepare a business for internal/external audit. Apply principles of tactical intent and strategic thinking in a global business environment. Apply supervisory finance and control concepts in a business environment. Prepare and translate financial statements and reports in accordance with IFRS.

 

 

Test Dates and Venues

 

Class students: Most of the colleges hold exams on-site monthly, so check exactly what your college\’s schedule is.

 

Distance learning students can go into the ICB tests in February, May, July, September and November. Tests occur at the ICB approved evaluation 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 unbelievable tool to help you study. Do not leave it to the eleventh hour or you\’ll actually be disadvantaging yourself!

 

Go into for an ICB exam

 

Class students will do this through their colleges.

 

Distance learning trainees will enter upon the ICB Trainee Portal online.

Select your qualifications initially. Then pick he topics, exam dates and places for your assessments, and send your test entry in addition to the required cost. All students will get an e-mail verifying their examination entries.

 

How does ICB examination work?

 

When you register to study an ICB course, you\’ll likewise need to sign up to be taken a look at for it. This is so that they can figure out at the end of it whether you know and comprehend the course material all right to pass. Each ICB programme is developed to have particular results. These results are things that you will have the ability to do and understand as a result of your studies. This is the most important part of the ICB evaluation policy.

 

Each outcome needs a specific amount of time for you to achieve it. These hours are represented by credits. As defined 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.

 

Exactly what occurs if I fail my ICB exam?

 

Don\’t worry if you do not pass very first time, you can get a 2nd opportunity, With an ICB Re-Assesment If you are evaluated as \’not yet qualified\’ in a topic (you did not pass it), you will have a possibility to write one re-assessment, which is just a summative last exam with a pass mark of 60% (no PoE needed– the exam counts fully towards your grade).

You must finish the re-assessment within 12 months of your initial summative assessment date. We do advise 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 cannot renovate it. You will have to return to for the subject and begin it over by completing a brand-new PoE.

 

When do I get my Portfolio of Evidence?

 

Your PoE will appear 3-4 weeks after the ICB gets your exam entry for a particular topic.

 

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 trainees will get their Portfolios straight.

 

Exactly what must I do when I get my PoE?

 

Examine that your specific info on the cover are right. Let you\’re your college/the ICB understand ASAP if anything is wrong.

 

Go through the whole PoE and fill in details where you are asked to.

 

Exactly what\’s inside my PoE?

 

Your ICB Portfolio Administration Guide

 

This is your vital overview of studying your ICB topic!

 

Your ICB Administration Guide tells you exactly what to do throughout your ICB research studies. It talks about methods to finish your PoE, and contains lots of types you need to end up.

 

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 subject, the ICB sets 3 Tasks and 2 Tests that help you to examine your knowledge throughout your studies.

 

Distance learning trainees will discover ICB Tests and Assignments 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 lecturers during their research studies.

 

Answer Books

 

You\’ll also find blank answer books in your PoE for you to make up the answers to your ICB Tests and Tasks in.

 

Why is my PoE so important?

 

The ICB finding experience is unique– our scholastic team has actually created it to use you the very best possible opportunity of discovering successfully and passing your subject the very first time.

 

However it\’s not nearly passing the test Our technique ensures you get a deep and substantial understanding of your course items.

 

So you don\’t merely get a credentials– you get skills that you can make use of in your job from day 1.

 

When do I hand in my PoE?

 

A number of days prior to your last examination, go through the list in your ICB Portfolio Administration Guide and ensure you have really done and consisted of everything. Make a copy of our entire PoE as a backup.

 

Take your ended up PoE to your last test. You\’ll hand it there in.

 

Your Last test

 

When you have completed composing your final exam, you must include the exam concern and response papers to your PoE, and hand everything in together. You can not send out the ICB anything else for your PoE after you have actually handed it in.

 

Sick on exam day?

 

You can apply for a medical postponement and you\’ll need a medical certificate. Contact your college or the ICB for additional information.

 

Missed your exam?

 

If you did not attend your exam, and did not delay it in time, you\’ll need to begin the topic over by re-entering for the exam and getting a brand-new PoE.

 

Everything You Had to Know

 

Wondering how you ICB course will be graded? It\’s simple. 30% of your last mark originates from the activities and evaluations you carry out during your course. Your Portfolio of Evidence (PoE) is a folder offered to you at the start of the course, once you have actually signed up for an assessment with the ICB. You\’ll have to put any assignments offered to you along with the tests you take in it. Your PoE is total when your last assessment is added to it at the end of your course.

 

Your last assessment will count for the staying 70%– this is your exam. You will need to include it in your PoE, which an ICB-registered assessor will then check to see if you truly understand your things. You\’ll need to get at least 50% for this exam to pass, regardless of your general mark.

 

This doesn\’t indicate that you can slack with your activities and examinations throughout your studies, as they completely prepare you for the last evaluation, as well as provide evidence of the effort you have actually.

 

Exactly what occurs if I need to postpone an evaluation?

 

Should you need to postpone your ICB exams then you will have to examine 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 postponement in time.

 

If you have to postpone your assessment since you\’re ill on the day, you can apply for a totally free post ponement (include a physician\’s certificate with your request), which might be provided at the ICB\’s discretion. Evaluation for subjects can be delayed once only if we have actually gotten your post ponement fee in time.

 

Outcomes

 

Results are launched about 7 weeks after your examination. See the ICB exam schedules for results launch dates.

 

Distance learning trainees will have the ability to get their results on the Trainee Website, and they will similarly be emailed to you.

 

Register with a professional body.

 

If you have really completed a complete certification, you can apply to sign up with a professional body like the ICBA.

 

What I can do with my ICB qualifications

 

In addition to making you attractive to companies and customers, your ICB qualifications can likewise lead you to these opportunities:.

 

Study even more with the ICB

 

Accredited, respectable and acknowledged qualifications.

 

All ICB qualifications are signed up on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programmes are valued by companies, and our graduates are acknowledged in your area and worldwide by a number of professional bodies. ICB qualifications are modular, which indicates you can build on them as your studies or career progress. You can also qualify in another program simply by finishing a couple of more subjects. See the table on page 7 for more.

 

Discover a job

 

In association with CareerJunction, South Africa\’s hugely popular job site, you can browse and apply for financial and admin positions at www.icb.org.za/careers.

 

Study even more in other places with credit for your ICB certification.

The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accounting professionals (ACCA) are appreciated, global, accounting professional bodies – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB offers.

 

CIMA uses training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials can apply to CIMA for up to 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 excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can study further through ACCA. You will get up to 6 exemptions to advance your studies to becoming a Chartered Certified Accountant with ACCA.

 

Chartered Secretaries Southern Africa provides several professional qualifications in this particular field of corporate governance, and grants exemptions for certain ICB subjects.

 

Professional Membership Opportunities

 

As soon as you have actually finished your studies through the ICB, there are a number of regional and worldwide professional bodies that you can apply to for professional membership.

 

The ICBA is the sister 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 likewise acknowledged, 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 identifies the ICB\’s FET Certificate: Bookkeeping, and the National Diploma: Technical Financial Accounting qualifications. Trainees who register with SAIT with the FET Certificate: Bookkeeping credentials need to update this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has several other membership requirements– please contact them for details.

 

 

Business Management courses South Africa |

Last Updated : July 24 2017