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What does a Business Management Course involve

What Will a Business Management Course Involve?

Business Management courses involve a broad capability that can benefit you in any workplace. You can read more on Business Management courses here.

Here are some of the benefits of studying business management:

– You will get an excellent grasp of the realities of the business world.

– You will discover the Significance of teamwork.

– You will discover ways to manage individuals.

– You will discover entrepreneurship.

– You will have the ability to integrate your business management understanding and skills with a range of other skills in order to pursue different career courses.

– You will discover various elements of running your own business.

– You will acquire a much better understanding of what to expect from workers.

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

– You will discover ways to interact more effectively on a professional level.

Why Study Business Management?

The objectives of any business might consist of earning a profit, preserving stability, and developing employment opportunities. Individuals who study business courses are offered the chance to learn more about handling services of different sizes. They also learn about the relationships in between companies 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 uses a completely accredited business management course programme. You can also study these courses part-time. This means that you can study while you work. To find out how, read the ICB Part-time Courses page here.

ICB Business management courses are a great option when looking for certified ICB Courses. The ICB Business Management National Certificate course is the first in the program, followed by the ICB Business Management Higher Certificate, and finally the Diploma level course. These courses will provide you with a Scarce Skill, making you a more desirable candidate for employers.

Business Management is part of a broader field known as Business Administration. It covers topics and subjects such as finance, management, marketing, and more. You can study Business Administration related courses at many institutions across South Africa.

Studying an accredited Business Management Course is a great way to set yourself up to become your own boss and run your own business, it will also teach you the skills that you’ll need to manage a corporate business, and ensure that you will be on the right track to achieving your goal of climbing the management ladder.

Once you have completed your Matric, a great study option could be one of the many accredited Management Courses offered by Matric College, such as the Financial Management Course or Marketing Management Course.

The Institute of Certified Bookkeepers

The Institute of Certified Bookkeepers is a Professional Body that has actually existed since 1931. In South Africa the functions of professional bodies utilize to incorporate both Professional Membership along with Education and Training. However, scholastic regulations and laws over the last few years made these bodies divided into those functions.

Hence, 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 dealing with Academics, is an acknowledged Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Financing, Accounting, Management Consulting and other Financial Solutions).

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

Presently the QCTO (the Quality Council for Trades and Occupations) is in the procedure of handling the responsibility for all SETAs. That suggests 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 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 examinations (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 recognized by SAQA as a Professional Body and for the registration of 7 professional classifications on the National Qualifications Framework (NQF).

Usually a student would study ICB qualifications, and on the strength of their qualifications, together with working experience, and adhering to a professional standard operating procedure, have the capability to obtain Membership.

The primary objective 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.

Where will I be able to work?

All services require certified people in management.

The list below kinds of companies are basic examples:

– Production services

– Service companies

– Retailers.

– Logistics and Supply Chain Supervisor Banks.

– Own business.

– Business Analyst.

– Operations Supervisor General Supervisor.

– Compliance Officer.

– Management Consultant.

Learn ways to make a business prosper!

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

Good business management is critically important for a business’s success. In this ICB programme, you\’ll discover business and financial management finest practices, office and legal practice, human resource management, computer system literacy, worldwide business technique and research techniques in commerce.

Your first qualification in just 3 subjects

You can attain the ICB Business Management: Foundation Level after completing simply 3 topics (and achieve the National Certificate: Small Business Financial Management). Continue your studies to progress to the Intermediate and Advanced Levels, and their associated nationally acknowledged qualifications.

Foundation Level

National Certificate

Small Business Financial Management

NQF Level.

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

Period.

9 months.

Entry requirements.

Grade 11 (Std 9) or comparable.

Subjects

  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 Scientist, Junior Expert, Sales Assistant.

What I’ll be able to do

Demonstrate an understanding of the documents, processing and recording of a business\’s monetary deals. Communicate effectively with business stakeholders. Program that you understand what it means to be a basic supervisor. Cost and rate items and handle working capital. Operate a 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).

Topics

  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 Manager, Field Floor Store Department Manager, Customer support Manager.

Exactly what I’ll be able to do

Manage your diary and work schedule as a manager. Run effectively as a general office supervisor of a business. Apply marketing, law, PR, and economics principles in business. Draw up and translate financial declarations and reports. Work efficiently with the HR and labour relations departments. Apply business growth principles for local and global growth.

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 (via SAIBA if you satisfy their requirements). Field/Floor/Store/ Department Manager, Secret Account Manager, Business Manager, Business Consultant, Business Advisor, Service or Sales Manager.

What I’ll have the ability to do

Work with management details systems at a business level. Prepare a business for internal/external audit. Apply principles of strategic intent and strategic thinking in a worldwide business environment. Apply managerial finance and control concepts in a commercial environment. Prepare and translate financial statements and reports in accordance with IFRS.

Test Dates and Venues

Class students: The majority 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 take place 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 amazing 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

Class trainees will do this through their colleges.

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

Select your qualifications at first. Then pick he topics, exam dates and locations for your evaluations, and send your test entry in addition to the needed cost. All students will get an e-mail verifying their examination entries.

How does ICB examination work?

When you sign up to study an ICB course, you\’ll likewise need to sign up to be analyzed for it. This is so that they can identify at the end of it whether you understand and understand the course product well enough to pass. Each ICB program is developed to have particular outcomes. These results are things that you will have the ability to do and comprehend as a result of your studies. This is the most important part of the ICB evaluation policy.

Each result needs a certain amount of time for you to accomplish 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 accomplish the specified learning 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 compose 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 must finish the re-assessment within 12 months of your original summative evaluation date. We do recommend you compose your re-assessments as quickly as you can, as subject content does alter. If you miss your re-assessment, or you are not yet qualified 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 show up 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 directly.

What must I do when I get my PoE?

Examine that your specific 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 entire PoE and fill in details where you are asked to.

Exactly what’s inside my PoE?

Your ICB Portfolio Administration Guide

This is your essential summary 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 complete your PoE, and includes 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 evaluate your knowledge

during your studies.

Distance learning students will discover ICB Tests and Assignments in their PoE when it gets here.

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

Answer Books

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

Why is my PoE so important?

The ICB discovering experience is distinct– our scholastic group has developed it to provide you the absolute best possible opportunity of learning effectively and passing your subject the very first time.

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

So you do not merely get a certification– you acquire skills that you can make use of in your task from day 1.

When do I hand in my PoE?

A few days before your last examination, go through the list in your ICB Portfolio Administration Guide and make certain you have actually 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 Final test

When you have actually finished composing your last exam, you should include the exam 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 actually handed it in.

Ill on exam day?

You can apply for a medical post ponement and you\’ll require a medical certificate. Contact your college or the ICB for more details.

Missed your exam?

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

Everything You Had to Know

Wondering how you ICB course will be graded? It\’s easy. 30% of your final mark comes from the activities and examinations you carry out during your course. Your Portfolio of Evidence (PoE) is a folder given to you at the start of the course, when you have actually registered for an assessment with the ICB. You\’ll need to put any tasks provided to you along with the tests you take in it. Your PoE is total when your final assessment is added to it at the end of your course.

Your last assessment will count for the remaining 70%– this is your exam. You will have to include it in your PoE, which an ICB-registered assessor will then examine to see if you truly know your stuff. You\’ll have to get at least 50% for this exam to pass, no matter your total mark.

This does not mean that you can slack with your activities and evaluations throughout your studies, as they fully prepare you for the final assessment, and also offer evidence of the effort you\’ve.

Exactly what happens if I have 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 postponement fee. There are cut-offs for these for each evaluation cycle so make certain you ask for a post ponement in time.

If you have to postpone your evaluation due to the fact that you\’re ill on the day, you can apply for a complimentary postponement (include a doctor\’s certificate with your request), which might be issued at the ICB\’s discretion. Assessment for topics can be delayed once only if we have actually received your post ponement fee in time.

Results

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

Distance learning trainees will be able to get their outcomes on the Trainee Portal, and they will also be emailed to you.

Register with a professional body

If you have actually finished a complete certification, you can apply to join a professional body like the ICBA.

What I can do with my ICB qualifications

In addition to making you attractive to employers and customers, your ICB qualifications can likewise lead you to these chances:

Study further with the ICB

Accredited, credible and recognised qualifications

All ICB qualifications are signed up on the National Qualifications Framework (NQF) by the

South African Qualifications Authority (SAQA). Our programs are valued by employers, and our graduates are acknowledged locally and globally by several professional bodies. ICB qualifications are modular, which indicates you can build on them as your studies or career development. You can likewise qualify in another programme simply by finishing a few more subjects. See the table on page 7 for more.

Find a job

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

Study further somewhere else with credit for your ICB certification

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 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 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 ending up being a Chartered Certified Accountant with ACCA.

Chartered Secretaries Southern Africa uses numerous professional qualifications in this specific field of corporate governance, and grants exemptions for certain ICB topics.

Professional Membership Opportunities

As soon as you\’ve finished your studies through the ICB and figure out what a business management course involves, there are a number of regional and international 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 qualification(s) and work experience. The ICBA identifies all the ICB’s present qualifications, in addition to other pertinent qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are also acknowledged, as long as they have been evaluated by SAQA.

If you want to sign up as a tax professional, you\’ll need to become a member of SAIT. SAIT recognises the ICB\’s FET Certificate: Bookkeeping, and the National Diploma: Technical Financial Accounting qualifications. Trainees who sign up with SAIT with the FET Certificate: Bookkeeping qualification need to update this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has a number of other membership requirements– please call them for details.

Find out more about office administration on the ICB Office Management page.

Business Management career | what jobs can you get with a Business Management course

Last Updated : April 7, 2020

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