Would like to know exactly what Business Management career you can enter after studying?
All businesses need certified people in management.
The list below kinds of businesses are general examples of a Business Management career:
– Production businesses
– Service companies
– Logistics and Supply Chain Supervisor Banks.
– Own business.
– Business Analyst.
– Operations Supervisor General Supervisor.
– Compliance Officer.
– Management Consultant.
Why Study for a Business Management career?
Individuals who study business courses are offered the chance to find out about handling businesses of different sizes. They likewise discover the relationships in 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 Management career. The ICB offers a completely accredited business management course program.
The Institute of Certified Bookkeepers is a Professional Body that has actually existed due to the fact that 1931. In South Africa the functions of professional bodies use to integrate both Professional Membership along with Education and Training. However, scholastic guidelines and laws in recent years made these bodies split those functions.
Therefore, the historic 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 recognized Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Financing, Accounting, Management Consulting and other Financial Services).
This recommends that the ICB is authorized by FASSET to recognize training business. Function as the examination (examinations) body for the ICB courses, used by training business recognized by them.
Currently the QCTO (the Quality Council for Trades and Occupations) remains in the process of dealing with the obligation 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 established in terms of an Act of Parliament.
The ICB, under authority of FASSET (and soon under authority of the QCTO), is responsible for the quality control and evaluations (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).
Typically a student would study ICB qualifications, and on the strength of their qualifications, in addition to working experience, and staying with a professional standard operating procedure, have the capability to get Membership.
The primary goal of the ICBA is to offer 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.
What are the advantages of studying for a business management career?
Management involves a broad skill set that can benefit you in any workplace.
Here are a few of the advantages of studying and the going into a Business Management career:
– You will get a good grasp of the realities of the business world.
– You will discover the Importance of teamwork.
– You will find out ways to handle people.
– You will learn more about entrepreneurship.
– You will have the ability to combine your business management knowledge and skills with a series of other skills in order to pursue different career paths.
– You will learn more about numerous elements of running your very own business.
– You will gain a much better understanding of what to expect from workers.
– You will learn more about organizations and how they are structured.
– You will learn ways to engage more effectively on a professional level.
Find out the best ways to make a business prosper!
This program is just the ticket if you have ambitions of managing a business and its finances.
Good business management is vitally important for a company’s industrial success. In this ICB programme, you’ll learn about business and monetary management finest practices, office and legal practice, human resource management, computer system literacy, worldwide business strategy and research methods in commerce.
Your very first credentials in just 3 subjects
You can accomplish the ICB Business Management: Foundation Level after finishing simply 3 topics (and attain the National Certificate: Small Business Financial Management).
Continue your studies to progress to the Intermediate and Advanced Levels, and their associated nationally recognized qualifications.
( NQF L4 – SAQA ID 48736, overall credits: 120).
Grade 11 (Std 9) or comparable.
- 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.
Show an understanding of the paperwork, processing and recording of a business’s monetary deals. Communicate efficiently with the business stakeholders. Program that you know what it means to be a basic manager. Expense and price items and manage working capital. Run a desktop computer.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (should consist of business Management 1 subject).
- 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 Manager, Customer Service Supervisor.
What I’ll have the ability to do
Handle your journal and work schedule as a manager. Operate efficiently as a general office supervisor of a business. Apply marketing, law, PR, and economics concepts in business. Draw up and interpret financial statements and reports. Work efficiently with the HR and labour relations departments. Apply business growth concepts for local and international expansion.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Higher Certificate: Office Administration (should include business Management 2 subject).
- Business Management 3 (BMT3).
- Financial Management and Control (FMCL).
- Financial Reporting and Regulatory Frameworks (FRRF).
- Research Theory and Practice (by short argumentation, topic: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (through SAIBA if you fulfill their requirements). Field/Floor/Store/ Department Manager, Secret Account Manager, Business Supervisor, Business Expert, Business Consultant, Service or Sales Supervisor.
Exactly what I’ll have the ability to do
Deal 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 managerial finance and control principles in an industrial environment. Prepare and analyze monetary declarations and reports in accordance with IFRS.
Class trainees: Most of the colleges hold tests on-site monthly, so check what your college’s schedule is.
Distance learning trainees can enter the ICB tests in February, May, July, September and November. Tests occur at the ICB authorized assessment centres around southern Africa.
Pay your ICB registration and assessments costs as early as possible, so we can send you your PoE ASAP. Your PoE is an extraordinary tool to help you study. Do not leave it to the eleventh hour or you’ll really be disadvantaging yourself!
Enter for an ICB exam
Class trainees will do this through their colleges.
Distance learning trainees will enter upon the ICB Trainee Website online.
Select your qualifications initially. Then pick he subjects, exam dates and places for your examinations, and send your test entry together with the required 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 also have to sign up to be taken a look at 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 developed to have particular results. These results are things that you will be able to do and comprehend as a result of your studies. This is the most important part of the ICB evaluation policy.
Each outcome requires a particular quantity 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 thought about to be the time taken by the typical student to attain the specified knowing results.
Exactly what takes place if I fail my ICB exam?
Do not panic if you do not pass first time, you can get a second chance, With an ICB Re-Assesment If you are evaluated as ‘not yet qualified’ in a topic (you did not pass it), you will have an opportunity to compose one re-assessment, which is only a summative last exam with a pass mark of 60% (no PoE needed– the exam counts totally to your grade).
You must finish the re-assessment within 12 months of your initial summative assessment date. We do recommend 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 proficient’ in it, you can’t redo it. You will need to re-enter for the subject and start 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 subject.
How many Portfolios will I get?
You’ll get one PoE per subject per exam. Each PoE is personalized to that specific subject. Distance learning trainees will get their Portfolios straight.
What must I do when I get my PoE?
Take a look at that your private information 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 information 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 subject!
Your ICB Administration Guide informs you exactly what to do throughout your ICB research studies. It talks about methods to finish your PoE, and includes great deals of types you need to end up.
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 evaluate your understanding during your studies.
Distance learning students will discover ICB Tests and Tasks 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 throughout their research studies.
You’ll similarly find blank answer books in your PoE for you to make up the answers to your ICB Tests and Tasks in.
Why is my PoE so essential?
The ICB discovering experience is unique– our scholastic group has developed it to provide you the very best possible possibility of learning effectively and passing your subject the very first time.
However it’s not practically passing the test Our method guarantees you get a deep and
substantial understanding of your course items.
So you do not just get a certification– you get skills that you can utilize in your job from day 1.
When do I hand in my PoE?
A couple of days prior to your last examination, go through the checklist in your ICB Portfolio Administration Guide and make certain you have really 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.
When you have completed composing your final exam, you must consist of the exam question 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 postponement 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 postpone it in time, you’ll have to start the subject over by returning to for the exam and getting a new PoE.
Everything You Need To Know
Wondering how you ICB course will be graded? It’s simple. 30% of your last mark comes from the activities and evaluations you undertake throughout your course. Your Portfolio of Evidence (PoE) is a folder provided to you at the start of the course, once you’ve registered for an examination with the ICB. You’ll need to put any tasks offered to you as well as the tests you take in it. Your PoE is total when your last examination is added to it at the end of your course.
Your final assessment will count for the remaining 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 actually understand your stuff. You’ll need to get at least 50% for this exam to pass, despite your general mark.
This does not suggest that you can slack with your activities and evaluations throughout your studies, as they completely prepare you for the final examination, as well as offer evidence of the hard work you have actually.
Exactly what happens if I need to postpone an examination?
Need to you need to delay your ICB exams then you will need to inspect the Assessment Timetables to see when you need to submit postponements by and pay a postponement fee. There are cut-offs for these for each examination cycle so ensure you ask for a post ponement in time.
If you need to postpone your assessment since you’re ill on the day, you can apply for a totally free post ponement (include a doctor’s certificate with your request), which may be provided at the ICB’s discretion. Examination for topics can be postponed once only if we have received your postponement fee in time.
Results are launched about 7 weeks after your examination. See the ICB exam timetables for outcomes release dates.
Distance learning trainees will be able to get their outcomes on the Trainee Website, and they will similarly be emailed to you.
Register with a professional body
If you have in fact finished a full accreditation, you can apply to sign up with a professional body like the ICBA.
Exactly what I can do with my ICB qualifications
As well as making you appealing to companies and clients, your ICB qualifications can likewise lead you to these chances:
Study further with the ICB
Accredited, trusted and identified 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 companies, and our graduates are acknowledged in your area and worldwide 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 finishing a couple of more subjects. See the table on page 7 for more.
Find a task
In association with CareerJunction, South Africa’s hugely popular job 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 qualification
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accounting professionals (ACCA) are respected, global, accounting professional bodies – headquartered 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 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 accounting professionals, with over 110 years of experience, development and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study even more through ACCA. You will receive up to 6 exemptions to further your studies to ending up being a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa provides a number of professional qualifications in this specific field of corporate governance, and grants exemptions for certain ICB subjects.
Professional Membership Opportunities
Once you’ve completed your studies through the ICB, there are a number of local and worldwide professional bodies that you can apply to for professional membership.
The ICBA is the sis organisation of the ICB and grants membership … at a number of levels based on your certification(s) and work experience. The ICBA acknowledges all the ICB’s current qualifications, as well as other relevant qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are likewise acknowledged, as long as they have been evaluated 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. Trainees who sign up with SAIT with the FET Certificate: Bookkeeping credentials should update this to the National Diploma: Technical Financial Accounting within a year of ending up being a member. SAIT has a number of other membership criteria– please contact them for information.
Last Updated : June 28 2017