ICB Business Management brochure?
The goals of any business may include earning a profit, keeping stability, and creating job opportunity. Individuals who study business courses are provided the chance to learn about managing organisations of different sizes. They likewise discover the relationships between services and the communities that they serve. Studying a business management course might assist you on your way to becoming a leader in business environment. The ICB offers a completely certified business management course programme.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has in fact existed since 1931. In South Africa the functions of professional bodies use to integrate both Professional Membership in addition to Education and Training. Nevertheless, academic guidelines and laws in recent years made these bodies divided 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 entirely 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 Solutions).
This recommends that the ICB is licensed by FASSET to recognize training companies. Function as the assessment (exams) body for the ICB courses, utilized by training companies recognized by them.
Currently the QCTO (the Quality Council for Trades and Occupations) remains in the procedure of managing the responsibility for all SETAs. That suggests that FASSET “falls under” the QCTO. This might have some result on the info 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 quickly under authority of the QCTO), is responsible for the quality assurance 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).
Typically 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 ability to get Membership.
The primary goal of the ICBA is to offer 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.
Where will I have the ability to work?
All services require qualified people in management.
The list below types of companies are basic examples:
– Production organisations
– Service companies
– Retailers.
– Logistics and Supply Chain Manager Banks.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Expert.
What are the advantages of studying business management?
Management requires a broad ability that can benefit you in any workplace.
Here are a few of the advantages of studying business management:
– You will gain a good grasp of the realities of the business world.
– You will discover the Value of teamwork.
– You will learn ways to handle people.
– You will find out about entrepreneurship.
– You will be able to combine your business management understanding and skills with a range of other abilities in order to pursue various career courses.
– You will find out about numerous elements of running your own business.
– You will gain a better understanding of what to get out of staff members.
– You will discover more about organizations and how they are structured.
– You will find out the best ways to communicate more effectively on a professional level.
Discover how to make a business be successful!
This program is just the ticket if you have ambitions of handling a business and its finances.
Good business management is critically important for a company’s industrial success. In this ICB program, you’ll find out about business and financial management finest practices, office and legal practice, human resource management, computer system literacy, global business strategy and research methods in commerce.
Your first qualification in just 3 subjects
You can achieve the ICB Business Management: Foundation Level after completing simply 3 subjects (and achieve the National Certificate: Small Business Financial Management). Continue your studies to progress to the Intermediate and Advanced Levels, and their associated nationally recognized qualifications.
Foundation Level
National Certificate
Small Business Financial Management
NQF Level.
( NQF L4 – SAQA ID 48736, overall credits: 120).
Duration.
9 months.
Entry requirements.
Grade 11 (Std 9) or comparable.
Subjects
- 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, client relations. Junior Scientist, Junior Analyst, Sales Assistant.
Exactly what I’ll have the ability to do
Demonstrate an understanding of the documents, processing and recording of a business’s financial transactions. Interact successfully with the business stakeholders. Program that you know exactly what it suggests to be a general supervisor. Expense and cost items and manage working capital. Run a computer.
Intermediate Level
Higher Certificate
NQF Level.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
Period.
+15 months.
Entry requirements.
National Certificate: Small Business Financial Management (need to consist of business Management 1 subject).
Subjects
- 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 Supervisor, Labour Relations Manager, Field/Floor/Store/ Department Supervisor, Client service Manager.
Exactly what I’ll have the ability to do
Manage your journal and work schedule as a manager. Operate efficiently as a basic office manager of a business. Apply marketing, law, PR, and economics principles in business. Draw up and translate financial statements and reports. Work effectively with the HR and labour relations departments. Use business development concepts for local and global expansion.
Advanced Level
National Diploma
NQF Level.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Period.
+12 months.
Entry requirements.
Higher Certificate: Office Administration (need to consist of business Management 2 subject).
Topics
- Business Management 3 (BMT3).
- Financial Management and Control (FMCL).
- Financial Reporting and Regulatory Frameworks (FRRF).
- Research Theory and Practice (by brief dissertation, topic: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (via SAIBA if you meet their criteria). Field/Floor/Store/ Department Manager, Secret Account Manager, Business Supervisor, Business Consultant, Business Advisor, Service or Sales Supervisor.
What I’ll have the ability to do
Work with management details systems at a corporate level. Prepare a business for internal/external audit. Apply concepts of strategic intent and tactical thinking in a global business environment. Apply supervisory finance and control principles in a business environment. Draw up and interpret financial statements and reports in accordance with IFRS.
Test Dates and Venues
Class trainees: Most of the colleges hold exams on-site monthly, so examine what your college’s schedule is.
Distance learning students can go into the ICB tests in February, May, July, September and November. Tests happen at the ICB approved evaluation centres around southern Africa.
Pay your ICB registration and examinations costs 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!
Get in 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 initially. Then choose he topics, exam dates and places for your assessments, and send your test entry along with the required cost. All students will get an e-mail validating their examination entries.
How does ICB examination work?
When you register to study an ICB course, you’ll likewise 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 product well enough to pass. Each ICB programme is designed to have particular results. These outcomes are things that you will have the ability to do and understand as a result of your studies. This is the most vital part of the ICB evaluation policy.
Each outcome needs a particular 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 equals 10 notional hours. Notional knowing hours are considered to be the time taken by the average trainee to accomplish the defined learning outcomes.
Exactly what takes place if I fail my ICB exam?
Do not stress if you do not pass very first time, you can get a second opportunity, With an ICB Re-Assesment If you are examined as ‘not yet competent’ 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 totally towards your grade).
You should finish the re-assessment within 12 months of your initial summative assessment date. We do advise 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 skilled’ in it, you cannot renovate it. You will have to re-enter for the subject and begin 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 tailored to that specific topic. Distance learning trainees will get their Portfolios straight.
Exactly what must I do when I get my PoE?
Take a look at that your individual info on the cover are right. Let you’re your college/the ICB comprehend ASAP 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 important summary of studying your ICB topic!
Your ICB Administration Guide tells you precisely what to do throughout your ICB research studies. It goes over methods to finish your PoE, and contains lots of types you have to end up.
Overcome it step by step and follow all the instructions in it, and you’ll be on track for success!
ICB Tests and tasks
For each subject, the ICB sets 3 Projects and 2 Tests that help you to assess your understanding 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 offered by their speakers during 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 Assignments in.
Why is my PoE so vital?
The ICB discovering experience is special– our scholastic team has actually created it to use you the best possible opportunity of finding out 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 don’t merely get a certification– you acquire abilities that you can make use of in your task from day 1.
When do I hand in my PoE?
A couple of 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 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 completed composing your last exam, you must include the exam question and response documents to your PoE, and hand everything in together. You can not send 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 learn more.
Missed your exam?
If you did not attend your exam, 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 Had 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 during your course. Your Portfolio of Evidence (PoE) is a folder provided to you at the start of the course, as soon as you’ve signed up for an assessment with the ICB. You’ll need to put any projects given to you in addition to 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 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 understand your stuff. You’ll have to get at least 50% for this exam to pass, no matter your total mark.
This doesn’t suggest that you can slack with your activities and examinations during your studies, as they fully prepare you for the final evaluation, and also provide evidence of the effort you’ve.
What takes place if I need to delay an assessment?
Ought to you need to postpone your ICB exams then you will have to examine the Assessment Timetables to see when you have to send postponements by and pay a postponement cost. There are cut-offs for these for each assessment cycle so make certain you ask for a postponement in time.
If you need to postpone your evaluation since you’re ill on the day, you can apply for a complimentary postponement (include a doctor’s certificate with your demand), which might be issued at the ICB’s discretion. Evaluation for topics can be delayed once only if we have actually received your postponement cost in time.
Outcomes
Outcomes are launched about 7 weeks after your examination. See the ICB exam timetables for results launch dates.
Distance learning students will have the ability to get their outcomes on the Student Portal, and they will likewise be emailed to you.
Register with a professional body
If you have actually completed a complete accreditation, you can apply to join a professional body like the ICBA.
What I can do with my ICB qualifications
As well as making you attractive to employers and customers, your ICB qualifications can likewise lead you to these chances:.
Study even more with the ICB
Accredited, credible 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 in your area and internationally by numerous professional bodies. ICB qualifications are modular, which suggests you can build on them as your studies or career development. You can likewise qualify in another programme just by completing a few more topics. See the table on page 7 for more.
Find a task
In association with CareerJunction, South Africa’s hugely popular job website, you can search and apply for financial 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 Accounting professionals (ACCA) are appreciated, worldwide, accounting professional bodies – locateded in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB offers.
CIMA provides 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 accounting professionals, with over 110 years of experience, development and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials can study even more through ACCA. You will get as much as 6 exemptions to advance your studies towards becoming a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa provides a number of professional qualifications in this specific field of business governance, and grants exemptions for certain ICB subjects.
Professional Membership Opportunities
When you have actually finished your studies through the ICB, there are several 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 upon your credentials( s) and work experience. The ICBA recognises all the ICB’s present qualifications, as well as other pertinent qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are likewise acknowledged, as long as they have been assessed by SAQA.
If you wish to sign up 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. Students who register with SAIT with the FET Certificate: Bookkeeping qualification must update this to the National Diploma: Technical Financial Accounting within a year of ending up being a member. SAIT has several other membership requirements– please contact them for details.
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Last Updated : July 18 2017