Why Study Business Management courses in South Africa?
The goals of any business may include making a profit, keeping stability, and producing job opportunity. Individuals who study business courses are offered the possibility to learn more about managing businesses of numerous sizes. They also learn more about the relationships between businesses 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 provides a fully accredited business management course programme.
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 use to incorporate both Professional Membership in addition to Education and Training. However, academic guidelines and laws in the last few years made these bodies divided those functions.
Therefore, the historic ICB was divided into a Professional Body and an Academic Body in 2015. The educational body continues under the name Institute of Certified Bookkeepers.
The (brand-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 Services).
This suggests that the ICB is licensed by FASSET to acknowledge training business. Work as the examination (exams) body for the ICB courses, used by training companies certified by them.
Presently the QCTO (the Quality Council for Trades and Occupations) is in the process of managing the obligation for all SETAs. That indicates that FASSET “falls under” the QCTO. This might have some result on the info 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 authority of FASSET (and soon under authority of the QCTO), is responsible for the quality control and assessments (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 acknowledged 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, along with working experience, and sticking to a professional guideline, have the ability to obtain Membership.
The primary goal of the ICBA is to provide 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 Membership of the ICBA.
Exactly what are the benefits of studying business management courses in South Africa?
Management involves a broad capability that can benefit you in any workplace. Here are some of the advantages of studying business management in South Africa:
– You will acquire a great grasp of the truths of the business world.
– You will learn more about the Value of team effort.
– You will find out the best ways to manage people.
– You will learn more about entrepreneurship.
– You will be able to integrate your business management understanding and abilities with a range of other abilities in order to pursue various career courses.
– You will learn more about various aspects of running your very own business.
– You will get a better understanding of what to anticipate from employees.
– You will learn more about organizations and how they are structured.
– You will learn ways to communicate more effectively on a professional level.
Where will I be able to work?
All businesses need qualified individuals in management. The following kinds of businesses are basic examples:
– Production businesses
– Service organizations
– Retailers.
– Logistics and Supply Chain Manager Banks.
– Own business.
– Business Analyst.
– Operations Manager General Manager.
– Compliance Officer.
– Management Consultant.
Discover the best ways to make a business succeed!
This program is just the ticket if you have ambitions of managing a business and its financial resources.
Excellent business management is essential for a company’s commercial success. In this ICB programme, you’ll learn about business and financial management finest practices, office and legal practice, personnel management, computer system literacy, worldwide business method and research study techniques in commerce.
Your very first qualification in just 3 subjects.
You can achieve the ICB Business Management: Foundation Level after completing simply 3 topics (and accomplish the National Certificate: Small Business Financial Management). Continue your research studies to advance 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.
Topics.
- Business Management 1 (BMT1).
- Bookkeeping to Trial Balance (BKTB).
- Business Literacy (BUSL).
What my title can be.
Assistant or administrator in personnels, 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 documents, processing and recording of a business’s monetary deals. Communicate efficiently with the business stakeholders. Program that you know what it implies to be a basic manager. Expense and rate items and manage working capital. Run a desktop 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 consist of the Business Management 1 topic).
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 Manager, Labour Relations Supervisor, Field/Floor/Store/ Department Manager, Customer support Supervisor.
What I’ll have the ability to do.
Manage your journal and work schedule as a supervisor. Run efficiently as a general office manager of a business. Apply marketing, law, PR, and economics principles in business. Draw up and translate monetary statements and reports. Work efficiently with the HR and labour relations departments. Apply business development concepts for local and global growth.
Advanced Level.
National Diploma.
Financial Accounting.
NQF Level.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Duration.
+12 months.
Entry requirements.
Higher Certificate: Office Administration (should include the Business Management 2 subject).
Topics.
- Business Management 3 (BMT3).
- Financial Management and Control (FMCL).
- Financial Reporting and Regulatory Frameworks (FRRF).
- Research study Theory and Practice (by short argumentation, subject: Business Management) (RTAP).
What my title can be.
Financial Accounting professional, Accounting Officer (via SAIBA if you satisfy their criteria). Field/Floor/Store/ Department Manager, Key Account Manager, Business Supervisor, Business Specialist, Business Advisor, Service or Sales Supervisor.
Exactly what I’ll be able to do.
Work with management details systems at a corporate level. Prepare a business for internal/external audit. Apply principles of tactical intent and tactical thinking in a worldwide business environment. Apply supervisory financing and control concepts in a commercial environment. Draw up and analyze monetary statements and reports in accordance with IFRS.
You can begin today!
Test Dates and Venues.
Class trainees: The majority of the colleges hold exams on-site monthly, so check exactly what your college’s schedule is.
Distance learning trainees can get in 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 evaluations fees as early as possible, so we can send you your PoE ASAP. Your PoE is an unbelievable 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.
Classroom students will do this through their colleges.
Distance learning students will enter upon the ICB Trainee 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 email validating their examination entries.
How does ICB assessment work?
When you sign up to study an ICB course, you’ll also have to sign up to be analyzed 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 specific outcomes. These results are things that you will be able to do and comprehend as a result of your research studies. This is the most crucial part of the ICB evaluation policy.
Each outcome needs a particular quantity of time for you to attain 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 knowing hours are thought about to be the time taken by the average trainee to accomplish the specified knowing outcomes.
Exactly what happens if I fail my ICB test?
Do not worry if you do not pass very first time, you can get a second chance, With an ICB Re-Assesment If you are assessed as ‘not yet proficient’ in a subject (you did not pass it), you will have an opportunity to write one re-assessment, which is just a summative final examination with a pass mark of 60% (no PoE needed– the examination counts fully towards your grade).
You should finish the re-assessment within 12 months of your original summative assessment date. We do advise you write your re-assessments as quickly as you can, as subject material does alter. If you miss your re-assessment, or you are ‘not yet qualified’ in it, you cannot renovate it. You will need to return to for the subject and begin it over by completing 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 specific topic.
How many Portfolios will I get?
You’ll get one PoE per subject per test. Each PoE is personalized to that particular topic. Distance learning trainees 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 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 vital summary of studying your ICB topic!
Your ICB Administration Guide tells you precisely what to do throughout your ICB research studies. It talks about methods to finish your PoE, and contains lots 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 jobs
For each topic, the ICB sets 3 Projects and 2 Tests that assist you to assess your knowledge throughout your research studies.
Distance learning students will find ICB Tests and Assignments in their PoE when it gets here.
Classroom-based trainees will get their ICB Projects in their Portfolios, and their ICB Tests will be used by their lecturers during their research study studies.
Answer Books
You’ll also discover blank response books in your PoE for you to compose the answers to your ICB Tests and Projects in.
Why is my PoE so crucial?
The ICB finding experience is distinct– our scholastic group has developed it to offer you the best possible chance of discovering effectively and passing your topic the very first time.
However it’s not nearly passing the test Our technique guarantees you get a deep and substantial understanding of your course products.
So you don’t simply 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 prior to your last assessment, go through the checklist in your ICB Portfolio Administration Guide and make certain you have in fact done and included 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 Last test.
When you have finished composing your last exam, you must include the test concern and answer documents to your PoE, and hand everything in together. You can not send out the ICB anything else for your PoE after you have handed it in.
Ill on test day?
You can apply for a medical postponement and you’ll require a medical certificate. Contact your college or the ICB for more information.
Missed your exam?
If you did not attend your examination, and did not postpone it in time, you’ll need to start the topic over by re-entering for the examination and getting a brand-new PoE.
Everything You Need To Know
Wondering how you ICB course will be graded? It’s easy. 30% of your last mark comes from the activities and assessments 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’ve registered for an evaluation with the ICB. You’ll need to put any projects given to you as well as the tests you take in it. Your PoE is complete when your last assessment is added to it at the end of your course.
Your final 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 really understand your stuff. You’ll need to get at least 50% for this examination to pass, regardless of your total mark.
This doesn’t mean that you can slack with your activities and examinations throughout your studies, as they completely prepare you for the last assessment, as well as supply evidence of the effort you have actually.
Exactly what happens if I need to postpone an evaluation?
Ought to you need to postpone your ICB exams then you will need to inspect the Assessment Timetables to see when you need to send postponements by and pay a post ponement charge. There are cut-offs for these for each assessment cycle so make sure you request a postponement in time.
If you need to delay your assessment since you’re ill on the day, you can apply for a totally free post ponement (include a medical professional’s certificate with your request), which might be released at the ICB’s discretion. Evaluation for topics can be held off once only if we have actually gotten your post ponement cost in time.
Results
Results are launched about 7 weeks after your examination. See the ICB examination schedules for results launch dates.
Distance learning students will have the ability to get their results on the Student Website, and they will likewise be emailed to you.
Register with a professional body
If you have in fact completed a complete accreditation, you can apply to join an expert body like the ICBA.
What I can do with my ICB qualifications
Along with making you appealing to employers and customers, your ICB qualifications can also lead you to these opportunities:
Study further with the ICB
Accredited, reliable 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 companies, and our graduates are acknowledged in your area and globally by numerous professional bodies. ICB qualifications are modular, which suggests you can build on them as your research studies or career development. You can likewise certify in another program simply by completing a couple of more subjects. See the table on page 7 for more.
Find a job
In association with CareerJunction, South Africa’s extremely popular task site, you can search and apply for financial and admin positions at www.icb.org.za/careers
Study even more elsewhere with credit for your ICB certification
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are appreciated, international, accounting expert bodies – locateded in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB offers.
CIMA uses 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 expert accountants, with over 110 years of experience, development and excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study further through ACCA. You will receive up to 6 exemptions to advance your studies to becoming a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa offers a number of expert qualifications in this particular field of corporate governance, and grants exemptions for certain ICB topics.
Professional Membership Opportunities
When you have actually completed your research studies through the ICB, there are a number of regional 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 on your credentials(s) and work experience. The ICBA identifies all the ICB’s existing qualifications, as well as other pertinent qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are likewise identified, as long as they have actually been evaluated by SAQA.
If you wish to register as a tax specialist, you’ll need to become a member of SAIT. SAIT acknowledges 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 should 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.
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Last Updated: July 24th, 2017