Why Study ICB Business Management courses in South Africa?

The objectives of any business might consist of making a profit, keeping stability, and developing employment opportunities. People who study business courses are provided the opportunity to learn about managing businesses of various sizes. They also learn about the relationships in between businesses and the communities that they serve. Studying a business management course might help you on your way to becoming a leader in the business environment. The ICB offers a fully accredited business management course programme.

The Institute of Certified Bookkeepers

The Institute of Certified Bookkeepers is a Professional Body that has in fact existed because 1931. In South Africa the functions of professional bodies use to incorporate both Professional Membership along with Education and Training. However, academic guidelines and laws recently made these bodies divided those functions.

Therefore, the historical ICB was divided into a Professional Body and an Academic Body in 2015. The educational body continues under the name Institute of Certified Bookkeepers.

The (brand-new) ICB, that is the body entirely managing 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 Providers).

This suggests that the ICB is licensed by FASSET to recognize training business. Act as the evaluation (exams) body for the ICB courses, utilized by training business accredited by them.

Currently the QCTO (the Quality Council for Trades and Occupations) is in the process of dealing with the responsibility for all SETAs. That implies that FASSET \”falls under\” the QCTO. This may have some result on the info of the accreditation process in the future. Both FASSET and the QCTO are bodies developed in terms of an Act of Parliament.

The ICB, under authority of FASSET (and quickly under authority of the QCTO), is liable for the quality control and evaluations (evaluations) 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 recognized by SAQA as a Professional Body and for the registration of 7 professional classifications on the National Qualifications Framework (NQF).

Normally a student would study ICB qualifications, and on the strength of their qualifications, in addition to working experience, and staying with a professional standard operating procedure, have the capability to obtain Membership.

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

Exactly what are the benefits of studying ICB business management courses in South Africa?

Management requires a broad skill set that can benefit you in any working environment.

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

– You will gain a great grasp of the truths of the business world.

– You will learn about the Significance of teamwork.

– You will learn how to manage individuals.

– You will learn about entrepreneurship.

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

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

– You will get a better understanding of what to anticipate from employees.

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

– You will learn how to connect more effectively on a professional level.

Where will I be able to work?

All businesses require certified people in management.

The list below kinds of businesses are basic examples:

– Production businesses

– Service organizations

– Retailers.

– Logistics and Supply Chain Supervisor Financial institutions.

– Own business.

– Business Analyst.

– Operations Manager General Supervisor.

– Compliance Officer.

– Management Specialist.

Learn ways to make a business be successful!

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

Great business management is critically important for a company\’s industrial success. In this ICB programme, you\’ll learn about business and financial management best practices, office and legal practice, human resource management, computer system literacy, global business strategy and research methods in commerce.

Foundation Level

National Certificate

Small Business Financial Management

NQF Level.

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

Duration.

9 months.

Entry requirements.

Grade 11 (Std 9) or equivalent.

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, customer relations. Junior Researcher, Junior Analyst, Sales Assistant.

What I\’ll have the ability to do

Show an understanding of the paperwork, processing and recording of a business\’s financial transactions. Communicate efficiently with business stakeholders. Show that you know exactly what it implies to be a basic manager. Expense and cost items and manage working capital. Operate a desktop 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 (must include business Management 1 subject).

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 Manager, Customer Service Manager.

Exactly what I\’ll have the ability to do

Manage your journal and work schedule as a manager. Operate efficiently as a general office supervisor of a business. Apply marketing, law, PR, and economics principles in business. Prepare and interpret financial declarations and reports. Work effectively with the HR and labour relations departments. Use business development principles for regional and international 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 (should consist of business Management 2 subject).

Topics

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, subject: Business Management) (RTAP).

What my title can be

Financial Accountant, Accounting Officer (by means of SAIBA if you fulfill their criteria). Field/Floor/Store/ Department Supervisor, Secret Account Manager, Business Supervisor, Business Consultant, Business Advisor, Service or Sales Supervisor.

Exactly what I\’ll be able to do

Work with management information 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 principles in a business environment. Draw up and translate financial declarations and reports in accordance with IFRS.

Test Dates and Venues

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

Distance learning trainees can go into the ICB tests in February, May, July, September and November. Tests happen at the ICB authorized assessment centres around southern Africa.

Pay your ICB registration and examinations fees as early as possible, so we can send you your PoE ASAP. Your PoE is an incredible tool to help you study. Do not leave it to the eleventh hour or you\’ll really be disadvantaging yourself!

Go into for an ICB exam

Classroom students will do this through their colleges.

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

Select your qualifications at first. Then choose he subjects, exam dates and areas for your examinations, and send your test entry in addition to the needed fee. All students will get an email verifying their examination entries.

How does ICB examination work?

When you register to study an ICB course, you\’ll also have to sign up to be examined for it. This is so that they can determine at the end of it whether you know and comprehend the course material well enough to pass. Each ICB programme is developed to have specific outcomes. These results are things that you will be able to do and comprehend as a result of your studies. This is the most essential part of the ICB assessment policy.

Each result requires a certain quantity 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 evaluation policy, 1 credit equates to 10 notional hours. Notional learning hours are thought about to be the time taken by the average trainee to achieve the specified learning results.

Exactly what occurs if I fail my ICB exam?

Don\’t panic if you do not pass first time, you can get a second possibility, With an ICB Re-Assesment If you are assessed as \’not yet skilled\’ in a topic (you did not pass it), you will have a chance to compose one re-assessment, which is only a summative final exam with a pass mark of 60% (no PoE needed– the exam counts fully towards your grade).

You need to finish the re-assessment within 12 months of your initial summative assessment date. We do recommend you compose your re-assessments as soon as you can, as subject content does alter. If you miss your re-assessment, or you are \’not yet proficient\’ in it, you cannot redo it. You will need to return to for the subject and start it over by finishing a 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 specific subject.

How many Portfolios will I get?

You\’ll get one PoE per subject per exam. Each PoE is customized to that particular subject.

Distance learning students will get their Portfolios straight.

Exactly what must I do when I get my PoE?

Examine that your private information on the cover are right. Let you\’re your college/the ICB comprehend As Soon As Possible 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 crucial introduction of studying your ICB topic!

Your ICB Administration Guide informs you precisely what to do throughout your ICB research studies. It talks about ways to finish your PoE, and contains great deals of types you have to finish.

Overcome it step by step and follow all the instructions 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 find ICB Tests and Tasks in their PoE when it gets here.

Classroom-based students will get their ICB Projects in their Portfolios, and their ICB Tests will be offered by their speakers throughout their research studies.

Answer Books

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

Why is my PoE so essential?

The ICB finding experience is special– our scholastic team has developed it to offer you the

very best possible possibility of learning effectively and passing your subject the very first time.

Nevertheless it\’s not nearly passing the test Our method guarantees you get a deep and comprehensive understanding of your course items.

So you do not simply get a certification– you get abilities that you can utilize in your task from day 1.

When do I hand in my PoE?

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

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

Your Last test

When you have completed composing your final exam, you should include the exam question and response documents 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.

Ill on exam day?

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

Missed your exam?

If you did not attend your exam, and did not delay it in time, you\’ll have to start the subject over by returning to for the exam and getting a brand-new PoE.

Everything You Need To Know

Wondering how you ICB course will be graded? It\’s easy. 30% of your final mark comes from the activities and evaluations 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\’ve signed up for an evaluation with the ICB. You\’ll have to put any projects given to you along with the tests you take in it. Your PoE is total when your final evaluation is added to it at the end of your course.

Your last evaluation 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 know your stuff. You\’ll have to get at least 50% for this exam to pass, regardless of your general mark.

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

Exactly what takes place if I need to delay an assessment?

Ought to you need to delay your ICB exams then you will need to inspect the Assessment Timetables to see when you have to submit posts ponement by and pay a post ponement cost. There are cut-offs for these for each evaluation cycle so ensure you ask for a post ponement in time.

If you have to delay your assessment due to the fact that you\’re ill on the day, you can apply for a totally free post ponement (include a doctor\’s certificate with your request), which may be issued at the ICB\’s discretion. Evaluation for subjects can be delayed once only if we have received your post ponement charge in time.

Outcomes

Results are released about 7 weeks after your examination. See the ICB exam timetables for results release dates.

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

Register with a professional body

If you have actually 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

As well as making you appealing to companies and clients, your ICB qualifications can also lead you to these chances:.

Study further with the ICB

Accredited, reliable and recognised qualifications.

All ICB qualifications are registered on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programs are valued by employers, and our graduates are recognised locally and globally by a number of professional bodies. ICB qualifications are modular, which implies you can build on them as your studies or career development. You can likewise certify in another program simply by completing a few more topics. See the table on page 7 for more.

Discover a task

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

Study further somewhere else with credit for your ICB qualification.

The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are respected, worldwide, accounting professional bodies – locateded in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB offers.

CIMA offers training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can apply to CIMA for approximately 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, innovation and excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can study further through ACCA. You will receive up to 6 exemptions to enhance your studies to becoming a Chartered Certified Accountant with ACCA.

Chartered Secretaries Southern Africa offers a number of professional qualifications in this specific field of corporate 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 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 upon your credentials( s) and work experience. The ICBA acknowledges all the ICB\’s existing qualifications, in addition to other pertinent qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are also identified, as long as they have actually been evaluated by SAQA.

If you wish to register as a tax practitioner, you\’ll need to become a member of SAIT. SAIT acknowledges the ICB\’s FET Certificate: Bookkeeping, and the National Diploma: Technical Financial Accounting qualifications. Students who register with SAIT with the FET Certificate: Bookkeeping certification must update this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has a number of other membership criteria– please call them for details.

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Last Updated ; July 24 2017