Why apply for Business Management courses?
The objectives of any business may include earning a profit, maintaining stability, and developing job opportunity. Individuals who apply for business management courses are provided with the opportunity to learn about managing organisations of various sizes. They also learn more about the relationships in between companies 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 uses a completely recognised business management course program.
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 incorporate both Professional Subscriptions as well as Education and Training. However, scholastic regulations 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 instructional body continues under the name Institute of Certified Bookkeepers.
The (brand-new) ICB, that is the body entirely handling Academics, is a recognised Quality control 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 authorised by FASSET to acknowledge training companies. Serve as the examination (exams) body for the ICB courses, utilised by training business recognised by them.
Currently, the QCTO (the Quality Council for Trades and Occupations) remains in the procedure of handling the obligation for all SETAs. That indicates that FASSET “falls under” the QCTO. This might have some effect on the information of the accreditation procedure in the future. Both FASSET and the QCTO are bodies established in regards to an Act of Parliament.
The ICB, under the authority of FASSET (and quickly under the 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 recognised 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, together with working experience, and adhering to a professional guideline, have the capability to obtain Subscription.
The primary objective of the ICBA is to offer a professional subscription to Junior and Senior Accounting professionals, in addition to Junior Accountants and Financial Accountants, in addition to Office Administrators. As an ICB student, you can get Student Membership of the ICBA. To find out more about the ICB and its functions before you apply for business management courses, take a look at this: Institute of Certified Bookkeepers (ICB)
Where will I be able to work?
All companies need qualified individuals in management. The list below types of services are general examples:
– Manufacturing organisations
– Service companies
– Retailers
– Logistics and Supply Chain Supervisor
– Financial institutions
– Own business
– Business Analyst
– Operations Supervisor General Supervisor
– Compliance Officer
– Management Specialist
What are the benefits of studying business management?
Management requires a broad skill set that can benefit you in any workplace. Here are a few of the benefits of studying business management:
– You will acquire an excellent grasp of the truths of the business world
– You will learn more about the value of team effort
– You will discover ways to manage individuals
– You will learn more about entrepreneurship
– You will be able to integrate your business management knowledge and abilities with a range of other skills in order to pursue various career paths
– You will learn about numerous elements of running your very own business
– You will get a much better understanding of what to anticipate from workers
– You will discover more about companies and how they are structured
– You will learn the best ways to communicate better on a professional level
– Discover ways to make a business be successful!
This programme hits the spot if you have ambitions of managing a business and its financial resources
Good business management is critically important for a company’s business success. In this ICB programme, you’ll learn more about business and financial management best practices, office and legal practice, personnel management, computer system literacy, international business method and research approaches in commerce.
Your very first certification in just 3 topics
You can achieve the ICB Business Management: Foundation Level after finishing just 3 subjects (and achieve the National Certificate: Small Business Financial Management). Continue your research studies to advance to the Intermediate and Advanced Levels, and their associated nationally recognised qualifications.
Foundation level.
National Certificate.
Small company Financial Management.
NQF level
( NQF L4 – SAQA ID 48736, Total credits: 120).
Duration
9 months.
Entry requirements
Grade 11 (Std 9) or equivalent.
Topics
- 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 Scientist, Junior Expert, Sales Assistant.
What I’ll be able to do
Demonstrate an understanding of the documentation, processing and recording of a business’s financial transactions. Interact efficiently with the business stakeholders. Show that you know exactly what it suggests to be a general manager. Cost and rate items and manage working capital. Run a desktop computer.
Intermediate level.
Higher Certificate.
Office Administration.
NQF level
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
Period.
+15 months.
Entry requirements.
National Certificate: Small Business Financial Management (must 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.
What I’ll be able to do
Handle your diary and work schedule as a supervisor. Run efficiently as a basic office supervisor of a business. Apply marketing, law, PR, and economic principles in business. Prepare and interpret financial statements and reports. Work effectively with the HR and labour relations departments. Use business growth principles for regional and international expansion.
Advanced level
National Diploma.
Financial Accounting.
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).
Subjects
- Business Management 3 (BMT3).
- Financial Management and Control (FMCL).
- Financial Reporting and Regulatory Frameworks (FRRF).
- Research Theory and Practice (by brief argumentation, Topic: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (by means of SAIBA if you satisfy their requirements). Field/Floor/Store/ Department Supervisor, Key Account Supervisor, Business Manager, Business Expert, Business Advisor, Service or Sales Supervisor.
What I’ll be able to do
Work with management details systems at a business level. Prepare a business for internal/external audit. Apply concepts of strategic intent and strategic thinking in a worldwide business environment. Apply supervisory financing and control concepts in an industrial environment. Draw up and interpret financial declarations and reports in accordance with IFRS.
You can start today! Make yourself more familiar with the business management field on the ICB website: Business Management Programme
Test dates and venues
Class trainees: Most of the colleges hold exams on-site monthly, so check exactly what your college’s schedule is.
Distance learning trainees can enter the ICB tests in February, May, July, September and November. Tests take place at the ICB authorised assessment centres around southern Africa.
Pay your ICB registration and examinations charges 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 truly be disadvantaging yourself!
Enter for an ICB test
Class students will do this through their colleges.
Distance learning students will enter the ICB Student Website online
Select your qualifications at first. Then pick he topics, test dates and areas for your examinations, and send your test entry along with the needed fee. All students will get an e-mail confirming their examination entries.
How does ICB examination work?
When you sign up to study an ICB course, you’ll also have 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 understand and comprehend the course product all right to pass. Each ICB programme is designed to have specific 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 assessment policy.
Each outcome requires a specific 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 evaluation policy, 1 credit equals 10 notional hours. Notional knowing hours are thought about to be the time taken by the average trainee to attain the defined learning results.
Exactly what happens if I fail my ICB exam?
Don’t stress if you do not pass the first time, you can get a second possibility, With an ICB Re-Assesment If you are evaluated as ‘not yet proficient’ in a subject (you did not pass it), you will have a chance to write one re-assessment, which is just a summative last test with a pass mark of 60% (no PoE needed– the test counts fully towards your grade).
You must finish the re-assessment within 12 months of your initial summative assessment date. We do advise you compose your re-assessments as soon as you can, as the subject content does change. If you miss your re-assessment, or you are ‘not yet skilled’ in it, you cannot 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 examination entry for a specific subject.
How many portfolios will I get?
You’ll get one PoE per subject per test. Each PoE is customised to that particular topic. Distance learning trainees will get their Portfolios straight.
Exactly what must I do when I get my PoE?
Examine that your private information on the cover is right. Let your college/the ICB understand 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 subject!
Your ICB Administration Guide informs you precisely what to do throughout your ICB research studies. It talks about methods to complete your PoE and includes great deals of types you need to complete.
Conquer 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 topic, the ICB sets 3 Assignments and 2 Tests that help you to examine your knowledge during your research studies.
Distance learning students will discover ICB Tests and Tasks in their PoE when it gets here.
Classroom-based trainees 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 similarly find 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 essential?
The ICB finding experience is unique– our scholastic group has created it to offer you the best possible possibility of learning effectively and passing your topic the very first time.
Nevertheless, it’s not almost passing the test Our method ensures you get a deep and extensive understanding of your course items.
So you don’t simply get a qualification– you get abilities that you can use in your job from day 1.
When do I hand in my PoE?
A number 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 whole PoE as a backup.
Take your finished PoE to your last test. You’ll hand it there in.
Your final test
When you have completed composing your final test, you must consist of the examination 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 make an application for a medical postponement and you’ll need a medical certificate. Contact your college or the ICB to find out more.
Missed your examination?
If you did not attend your exam and did not delay it in time, you’ll need to begin the subject over by returning to for the examination and getting a new PoE.
Everything you need to know
Wondering how you ICB course will be graded? It’s easy. 30% of your last mark originates from the activities and assessments you undertake 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 have to put any assignments provided to you as well as the tests you take in it. Your PoE is complete when your final evaluation is contributed to it at the end of your course.
Your last evaluation will count for the staying 70%– this is your examination. You will need to include it in your PoE, which an ICB-registered assessor will then examine to see if you actually know your stuff. You’ll need to get at least 50% for this examination to pass, no matter your total mark.
This doesn’t mean that you can slack with your activities and evaluations during your studies, as they completely prepare you for the last assessment, and also supply proof of the effort you have actually.
What happens if I need to hold off an assessment?
Need to you need to postpone your ICB examinations then you will have to check the Assessment Timetables to see when you have to submit postponement by and pay a post ponement 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 get a free post ponement (consist of a doctor’s certificate with your demand), which may be issued at the ICB’s discretion. Evaluation for topics can be delayed once only if we have received your postponement fee in time.
Results
Results are released about 7 weeks after your examination. See the ICB examination timetables for outcomes release dates.
Distance learning students will be able to get their results on the Student Portal, and they will similarly be emailed to you.
Register with an expert body
If you have really ended up a full certification, you can apply to join a professional body like the ICBA.
Exactly what I can do with my ICB qualifications
Along with making you appealing to companies and clients, your ICB qualifications can also lead you to these chances:
Study even more with the ICB
All ICB qualifications are signed up on the National Qualifications Structure (NQF) by the South African Qualifications Authority (SAQA). Our programs are valued by employers, and our graduates are identified in your area and worldwide by a number of expert bodies. ICB qualifications are modular, which means you can build on them as your research studies or professional development. You can likewise certify in another program just by finishing a couple of more subjects.
Find a task
In association with CareerJunction, South Africa’s hugely popular task website, you can browse and request monetary and admin positions at Careers
Study further elsewhere with credit for your ICB credentials
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Licensed Accountants (ACCA) are appreciated, worldwide, accounting professional bodies – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB provides.
CIMA uses training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can apply to CIMA for approximately 6 exemptions. If you hold the ICB’s Certificate: Workplace 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 quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can study even more through ACCA. You will receive approximately 6 exemptions to further your studies to end up being a Chartered Licensed Accounting professional with ACCA.
Chartered Secretaries Southern Africa provides numerous professional qualifications in this specific field of corporate governance, and grants exemptions for certain ICB subjects.
Expert subscription opportunities
Once you’ve completed your research studies through the ICB, there are numerous regional and worldwide professional bodies that you can apply to for professional membership.
The ICBA is the sister organisation of the ICB and grants subscription at a variety of levels based on your credentials(s) and work experience. The ICBA recognises all the ICB’s existing qualifications, along with other appropriate qualifications that are signed up on the South African National Qualifications Structure. Foreign qualifications are likewise identified, as long as they have actually been assessed by SAQA.
If you wish to sign up as a tax professional, you’ll have 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 sign up with SAIT with the FET Certificate: Accounting qualification should upgrade this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has numerous other membership requirements– please call them for information.
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Last Updated: June 29, 2017