Wish to know what ICB business management career options you can get into after studying?
All businesses require certified individuals in management.
The list below types of businesses are general career options you can enter into:
– Manufacturing businesses
– Service companies
– Retailers.
– Logistics and Supply Chain Supervisor Financial institutions.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Expert.
– Human resources officer.
– Marketing executive.
– Sales executive.
– Systems analyst.
Why Study for a Business Management career?
Individuals who study business courses are given the opportunity to learn about managing businesses of numerous sizes. They likewise learn about the relationships between businesses and the communities that they serve. Studying a business management course may assist you on your way to becoming a leader in business environment. The ICB offers a completely recognized business management course programme.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has actually existed because 1931. In South Africa the functions of professional bodies use to integrate both Professional Membership as well as Education and Training. Nevertheless, scholastic regulations and laws in the last few years made these bodies split those functions.
Therefore, 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 exclusively 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 authorized by FASSET to acknowledge training business. Work as the examination (exams) body for the ICB courses, used by training companies certified by them.
Currently the QCTO (the Quality Council for Trades and Occupations) remains in the process of managing the commitment for all SETAs. That suggests that FASSET “falls under” the QCTO. This may have some result on the details of the accreditation process in the future. Both FASSET and the QCTO are bodies established in regards to an Act of Parliament.
The ICB, under authority of FASSET (and soon under authority of the QCTO), is accountable 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 categories on the National Qualifications Framework (NQF).
Usually a trainee would study ICB qualifications, and on the strength of their qualifications, together with working experience, and adhering to a professional standard procedure, have the ability 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 trainee, you can get Student Subscription of the ICBA.
Exactly what are the benefits of studying for a ICB business management career?
Management entails a broad ability that can benefit you in any workplace.
Here are a few of the benefits of studying business management:
– You will acquire a great grasp of the truths of the business world.
– You will learn about the Importance of team effort.
– You will learn the best ways to manage people.
– You will learn about entrepreneurship.
– You will be able to combine your business management understanding and abilities with a variety of other skills in order to pursue various career courses.
– You will learn about numerous aspects of running your own business.
– You will get a better understanding of what to get out of employees.
– You will learn more about companies and how they are structured.
– You will learn ways to connect more effectively on a professional level.
Learn how to make a business succeed!
This program hits the spot if you have ambitions of managing a business and its finances.
Excellent business management is vitally important for a company’s industrial success. In this ICB program, you’ll learn about business and financial management best practices, office and legal practice, human resource management, computer literacy, international business strategy and research methods in commerce.
Your very first credentials in simply 3 subjects
You can accomplish the ICB Business Management: Foundation Level after completing simply 3 topics (and accomplish 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 equivalent.
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, customer relations. Junior Researcher, 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. Communicate efficiently with business stakeholders. Program that you know exactly what it means to be a general supervisor. Expense and rate items and manage working capital. Operate a personal computer.
Intermediate Level
Higher Certificate
Office Administration
NQF Level.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
Duration.
+15 months.
Entry requirements.
National Certificate: Small Business Financial Management (should consist of the 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 Supervisor, Human Resources Supervisor, Labour Relations Manager, Field/Floor/Store/ Department Supervisor, Customer Service Supervisor.
What I’ll be able to do
Manage your diary and work schedule as a manager. Run effectively as a general office manager of a business. Apply marketing, law, PR, and economics concepts in business. Draw up and translate financial declarations and reports. Work effectively with the HR and labour relations departments. Apply business development concepts for regional and international expansion.
Advanced Level
National Diploma
Financial Accounting
NQF Level.
( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).
Period.
+12 months.
Entry requirements.
Higher Certificate: Office Administration (should include 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 Accounting professional, Accounting Officer (through SAIBA if you meet their criteria). Field/Floor/Store/ Department Supervisor, Key Account Manager, Business Manager, Business Consultant, Business Consultant, Service or Sales Supervisor.
Exactly 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 tactical intent and tactical thinking in a worldwide business environment. Apply supervisory finance and control principles in an industrial 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 inspect exactly what your college’s schedule is.
Distance learning students can get in the ICB tests in February, May, July, September and November. Tests take place 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 incredible tool to help you study. Do not leave it to the eleventh hour or you’ll actually be disadvantaging yourself!
Get in for an ICB exam
Classroom trainees will do this through their colleges.
Distance learning trainees will enter upon the ICB Student Website online.
Select your qualifications initially. Then select he topics, exam dates and areas for your examinations, and send your test entry in addition to the required fee. All students will get an e-mail validating their examination entries.
How does ICB examination work?
When you sign up to study an ICB course, you’ll also need to sign up to be analyzed for it. This is so that they can determine at the end of it whether you understand and comprehend the course product all right to pass. Each ICB program is created to have specific results. 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 outcome requires a particular amount of time for you to achieve it. These hours are represented by credits. As defined by the South African Qualifications Authority (SAQA), and the ICB evaluation policy, 1 credit equals 10 notional hours. Notional learning hours are considered to be the time taken by the typical student to achieve the defined knowing results.
What takes place if I fail my ICB exam?
Don’t stress if you do not pass first time, you can get a second chance, With an ICB Re-Assesment If you are assessed as ‘not yet proficient’ in a topic (you did not pass it), you will have an opportunity to write one re-assessment, which is just a summative final exam with a pass mark of 60% (no PoE required– the exam counts fully towards your grade).
You should complete the re-assessment within 12 months of your original summative assessment date. We do advise you compose your re-assessments as quickly as you can, as subject content does change. If you miss your re-assessment, or you are ‘not yet qualified’ in it, you can’t redo it. You will need to re-enter for the subject and begin it over by completing 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 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?
Take a look at that your specific details 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 crucial introduction of studying your ICB subject!
Your ICB Administration Guide tells you exactly what to do throughout your ICB research
studies. It talks about ways to complete your PoE, and consists of lots of types you need to complete.
Overcome it step by step and follow all the instructions in it, and you’ll be on track for success!
ICB Tests and jobs
For each topic, the ICB sets 3 Projects and 2 Tests that help you to assess your understanding during your studies.
Distance learning trainees will find 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 during their research studies.
Answer Books
You’ll likewise find blank response books in your PoE for you to compose the answers to your ICB Tests and Tasks in.
Why is my PoE so vital?
The ICB discovering experience is distinct– our scholastic group has created it to provide you the best possible opportunity of learning effectively and passing your subject the first time.
Nevertheless it’s not nearly passing the test Our method ensures you get a deep and comprehensive understanding of your course products.
So you don’t merely get a qualification– you gain abilities that you can utilize in your job from day 1.
When do I hand in my PoE?
A number of days before your last examination, go through the list in your ICB Portfolio Administration Guide and ensure you have really done and included 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 need to consist of the exam question and response papers to your PoE, and hand everything in together. You can not send the ICB anything else for your PoE after you have 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 to find out 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 new PoE.
Everything You Had to Know
Wondering how you ICB course will be graded? It’s easy. 30% of your last mark originates from the activities and evaluations you carry out during your course. Your Portfolio of Evidence (PoE) is a folder given to you at the start of the course, once you have actually signed up for an evaluation with the ICB. You’ll have to put any assignments offered to you in addition to 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 assessment 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 actually know your stuff. You’ll need to get at least 50% for this exam to pass, regardless of your general mark.
This does not indicate that you can slack with your activities and evaluations during your studies, as they totally prepare you for the last evaluation, and also supply evidence of the effort you have actually.
What occurs if I have to hold off an assessment?
Ought to you need to postpone your ICB exams then you will have to examine the Assessment Timetables to see when you need to send postponements by and pay a postponement cost. There are cut-offs for these for each assessment cycle so make sure you request a post ponement in time.
If you have to delay your assessment because you’re ill on the day, you can apply for a totally free post ponement (include a physician’s certificate with your demand), which might be issued at the ICB’s discretion. Assessment for topics can be held off once only if we have gotten your postponement fee in time.
Results
Outcomes are launched about 7 weeks after your examination. See the ICB exam timetables for results launch dates.
Distance learning students will be able to get their outcomes on the Student Website, and they will similarly be emailed to you.
Register with a professional body
If you have really completed a complete certification, 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 companies and customers, your ICB qualifications can likewise lead you to these opportunities:.
Study even more with the ICB
Accredited, trusted and acknowledged qualifications.
All ICB qualifications are registered on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programmes are valued by employers, and our graduates are recognised in your area and worldwide by several professional bodies. ICB qualifications are modular, which suggests you can build on them as your studies or career development. You can also qualify in another programme simply by finishing a couple of more topics. See the table on page 7 for more.
Find a job
In association with CareerJunction, South Africa’s extremely popular task site, you can browse and apply for financial and admin positions at www.icb.org.za/careers.
Study even more elsewhere with credit for your ICB credentials.
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accounting professionals (ACCA) are respected, global, accounting professional bodies – locateded in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB uses.
CIMA uses training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification 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 accountants, with over 110 years of experience, development and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials can study further through ACCA. You will receive approximately 6 exemptions to further your studies to becoming a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa provides several professional qualifications in this particular field of business governance, and grants exemptions for certain ICB topics.
Professional Membership Opportunities
Once you’ve finished your studies through the ICB, there are several local 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 certification( s) and work experience. The ICBA acknowledges 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 also acknowledged, as long as they have been evaluated by SAQA.
If you wish to register as a tax specialist, you’ll have to become a member of SAIT. SAIT recognises the ICB’s FET Certificate: Bookkeeping, and the National Diploma: Technical Financial Accounting qualifications. Trainees who register with SAIT with the FET Certificate: Bookkeeping certification need to upgrade 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 13 2017