Exactly what does a Business Management job description look like?
Business managers are accountable for managing and supervising a business\’s activities and staff members. Small businesses rely on business supervisor to keep workers aligned with the objectives of the business. Business managers report to top executives in a larger company, but in a small business, the supervisor might either own the company or report directly to the owner.
The Institute of Certified Bookkeepers is a Professional Body that has actually existed due to the fact that 1931. In South Africa the functions of professional bodies utilize to incorporate both Professional Membership as well as Education and Training. However, academic guidelines and laws in recent years made these bodies split those functions.
Hence, the historic ICB was divided into a Professional Body and an Academic Body in 2015. The instructional body continues under the name Institute of Certified Bookkeepers.
The (brand-new) ICB, that is the body exclusively dealing with 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 recommends that the ICB is licensed by FASSET to acknowledge training business. Function as the evaluation (exams) body for the ICB courses, used by training companies accredited by them.
Currently the QCTO (the Quality Council for Trades and Occupations) is in the process of dealing with the obligation for all SETAs. That indicates that FASSET \”falls under\” the QCTO. This might have some effect on the information of the accreditation process 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 soon under authority of the QCTO), is liable for the quality control and examinations (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 categories on the National Qualifications Framework (NQF).
Generally a trainee would study ICB qualifications, and on the strength of their qualifications, in addition to working experience, and sticking to a professional standard operating procedure, have the capability to obtain Membership.
The primary 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 trainee, you can get Trainee Subscription of the ICBA.
Why Study Business Management?
The goals of any business may include earning a profit, keeping stability, and producing job
opportunity. People who study business courses are offered the opportunity to find out about managing services of numerous sizes. They also find out 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 business environment. The ICB uses a totally certified business management course program.
Exactly what are the advantages of studying business management?
Management involves a broad skill set that can benefit you in any working environment.
Here are some of the benefits of studying business management:
– You will gain an excellent grasp of the realities of business world.
– You will find out about the Importance of team effort.
– You will learn how to manage individuals.
– You will learn more about entrepreneurship.
– You will be able to integrate your business management knowledge and skills with a series of other skills in order to pursue different career courses.
– You will learn about numerous elements of running your very own business.
– You will get a better understanding of what to get out of employees.
– You will discover more about organizations and how they are structured.
– You will learn the best ways to engage more effectively on a professional level.
Learn the best ways to make a business succeed!
This program hits the spot if you have ambitions of managing a business and its finances.
Good business management is essential for a business\’s business success. In this ICB program, you\’ll discover business and financial management finest practices, office and legal practice, human resource management, computer system literacy, worldwide business strategy and research techniques in commerce.
Your first qualification in just 3 topics
You can accomplish the ICB Business Management: Foundation Level after completing simply 3 subjects (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.
( 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 human resources, office management, legal, administration, public relations, marketing, sales, customer relations. Junior Researcher, Junior Expert, Sales Assistant.
Exactly what I\’ll be able to do
Demonstrate an understanding of the documentation, processing and recording of a business\’s financial transactions. Communicate successfully with the business stakeholders. Show that you understand exactly what it indicates to be a general supervisor. Expense and cost items and manage working capital. Run a personal computer.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (must include the Business Management 1 subject).
- 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 Manager, Human Resources Manager, Labour Relations Supervisor, Field/Floor/Store/ Department Manager, Customer care Supervisor.
What I\’ll have the ability to do
Manage your journal and work schedule as a supervisor. Operate effectively as a general office supervisor of a business. Apply marketing, law, PR, and economics concepts in business. Prepare and analyze financial declarations and reports. Work efficiently with the HR and labour relations departments. Apply business growth principles for local and international expansion.
( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).
Higher Certificate: Office Administration (need to consist of business Management 2 subject).
- Business Management 3 (BMT3).
- Financial Management and Control (FMCL).
- Financial Reporting and Regulatory Frameworks (FRRF).
- Research Theory and Practice (by brief dissertation, subject: Business Management) (RTAP).
What my title can be
Financial Accounting professional, Accounting Officer (via SAIBA if you meet their criteria). Field/Floor/Store/ Department Manager, Secret Account Manager, Business Supervisor, Business Expert, Business Consultant, Service or Sales Manager.
What I\’ll be able to do
Work with management information systems at a business level. Prepare a business for internal/external audit. Apply principles of strategic intent and strategic thinking in an international business environment. Apply managerial finance and control principles in an industrial environment. Draw up and interpret financial statements and reports in accordance with IFRS.
Test Dates and Venues
Class trainees: The majority of the colleges hold exams on-site monthly, so check what your college\’s schedule is.
Distance learning students can enter the ICB tests in February, May, July, September and November. Tests happen at the ICB authorized 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 incredible 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 students will enter upon the ICB Student Portal online.
Select your qualifications at first. Then pick he subjects, exam dates and areas for your assessments, and send your test entry in addition to the required cost. All trainees will get an email verifying their examination entries.
How does ICB examination work?
When you register to study an ICB course, you\’ll also need to sign up to be taken a look at for it. This is so that they can identify at the end of it whether you know and comprehend the course material all right to pass. Each ICB program is designed to have particular results. These results are things that you will be able to do and understand as a result of your studies. This is the most important 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 equals 10 notional hours. Notional knowing hours are thought about to be the time taken by the typical student to attain the defined knowing outcomes.
Exactly what occurs if I fail my ICB exam?
Do not stress if you do not pass first time, you can get a second possibility, With an ICB Re-Assesment If you are evaluated as \’not yet qualified\’ in a subject (you did not pass it), you will have a chance 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 to your grade).
You should complete the re-assessment within 12 months of your initial summative evaluation date. We do suggest 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 proficient\’ in it, you can\’t renovate it. You will need to return to for the subject and begin it over by finishing a new PoE.
When do I get my Portfolio of Evidence?
Your PoE will show up 3-4 weeks after the ICB gets your exam entry for a particular 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.
Exactly what must I do when I get my PoE?
Analyze that your private information 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 information where you are asked to.
What\’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your important overview 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 includes great deals 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 topic, the ICB sets 3 Projects and 2 Tests that assist you to examine your understanding during your studies.
Distance learning students will find ICB Tests and Projects in their PoE when it gets here.
Classroom-based students will get their ICB Projects in their Portfolios, and their ICB Tests will be provided by their lecturers throughout their research studies.
You\’ll similarly discover blank response books in your PoE for you to compose the answers to your ICB Tests and Tasks in.
Why is my PoE so crucial?
The ICB finding experience is unique– our scholastic group has produced it to provide you the absolute best possible possibility of learning effectively and passing your topic the very first time.
Nevertheless it\’s not almost passing the test Our approach guarantees you get a deep and extensive understanding of your course items.
So you do not merely get a qualification– you acquire skills that you can utilize in your task from day 1.
When do I hand in my PoE?
A couple of days before your last examination, go through the checklist in your ICB Portfolio Administration Guide and ensure you have actually done and consisted of everything. Make a copy of our entire PoE as a backup.
Take your completed PoE to your last test. You\’ll hand it there in.
Your Final test
When you have actually finished composing your final exam, you must include the exam question 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 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 to find out more.
Missed your exam?
If you did not attend your exam, and did not delay it in time, you\’ll have to start the topic 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 simple. 30% of your last mark comes from the activities and examinations you undertake throughout your course. Your Portfolio of Evidence (PoE) is a folder given to you at the start of the course, once you have actually registered for an evaluation with the ICB. You\’ll have to put any tasks provided to you in addition to the tests you take in it. Your PoE is complete when your final assessment is contributed 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 examine to see if you truly know your stuff. You\’ll need to get at least 50% for this exam to pass, regardless of your total mark.
This doesn\’t indicate that you can slack with your activities and assessments throughout your studies, as they completely prepare you for the last assessment, as well as supply evidence of the hard work you\’ve.
Exactly what happens if I have to delay an evaluation?
Need to you have to delay your ICB exams then you will need to inspect the Evaluation Timetables to see when you need to send posts ponement by and pay a post ponement fee. There are cut-offs for these for each assessment cycle so make certain you request a post ponement in time.
If you need to delay your evaluation because you\’re ill on the day, you can apply for a totally free postponement (consist of a doctor\’s certificate with your request), which might be provided at the ICB\’s discretion. Evaluation for subjects can be postponed once only if we have actually gotten your postponement fee in time.
Outcomes are launched about 7 weeks after your examination. See the ICB exam schedules for outcomes launch dates.
Distance learning students will be able to get their outcomes on the Trainee Portal, and they will likewise be emailed to you.
Register with a professional body
If you have really completed a full certification, you can apply to register with a professional body like the ICBA.
Exactly 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, reliable and identified qualifications.
All ICB qualifications are registered on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programmes are valued by companies, and our graduates are identified locally and internationally by several professional bodies. ICB qualifications are modular, which suggests you can build on them as your studies or career progress. You can likewise qualify in another programme simply by finishing a couple of more topics. See the table on page 7 for more.
Find a task
In association with CareerJunction, South Africa\’s extremely popular job site, you can search and apply for financial and admin positions at www.icb.org.za/careers.
Study even more 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 provides.
CIMA offers training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials 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 accounting professionals, with over 110 years of experience, innovation and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials can study further through ACCA. You will get up to 6 exemptions to further your studies towards becoming a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa offers numerous professional qualifications in this particular field of corporate governance, and grants exemptions for certain ICB topics.
Professional Membership Opportunities
When you have actually completed your studies through the ICB, there are several local and global professional bodies that you can apply to for professional membership.
The ICBA is the sister organisation of the ICB and grants membership … at a number of levels based upon your qualification( s) and work experience. The ICBA acknowledges all the ICB\’s present qualifications, along with 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 assessed by SAQA.
If you wish to sign up as a tax practitioner, you\’ll have to become a member of SAIT. SAIT identifies 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 numerous other membership criteria– please call them for details.
Last Updated : July 24 2017