Why Study Business Administration courses in South Africa?
The goals of any business might consist of making a profit, keeping stability, and creating job opportunity. People who study business courses are offered the possibility to learn about managing businesses of different sizes. They also learn about the relationships between businesses and the communities that they serve. Studying a business administration course might assist you on your way to becoming a leader in business environment. The ICB offers a totally certified business administration course programme.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has really existed because 1931. In South Africa the functions of professional bodies use to incorporate both Professional Membership as well as Education and Training. However, academic policies and laws recently made these bodies divided those functions.
Thus, the historical ICB was divided into a Professional Body and an Academic Body in
- The educational body continues under the name Institute of Certified Bookkeepers.
The (new) ICB, that is the body entirely managing 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 suggests that the ICB is licensed by FASSET to acknowledge training companies. Work as the assessment (exams) body for the ICB courses, utilized by training companies certified by them.
Presently 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 may have some effect on the details of the accreditation procedure 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 liable for the quality control and evaluations (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).
Normally 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 capability to get Membership.
The main objective 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 student, you can get Student Subscription of the ICBA.
Exactly what are the advantages of studying business administration courses in South Africa?
Management requires a broad capability that can benefit you in any workplace.
Here are a few of the advantages of studying business administration in South Africa:
– You will acquire a great grasp of the truths of business world.
– You will learn about the Importance of team effort.
– You will discover the best ways to manage people.
– You will learn about entrepreneurship.
– You will be able to combine your business administration knowledge and abilities with a range of other abilities in order to pursue various career courses.
– You will learn about numerous aspects of running your very own business.
– You will get a better understanding of what to get out of workers.
– You will find out more about companies and how they are structured.
– You will learn how to communicate more effectively on a professional level.
Where will I have the ability to work?
All businesses need qualified individuals in administration.
The following types of businesses are general examples:
– Production businesses
– Service organizations
– Retailers.
– Logistics and Supply Chain Supervisor Financial institutions.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Specialist.
Discover how to make a business be successful!
This programme is just the ticket if you have ambitions of managing a business and its finances.
Good business administration is vitally important for a business’s industrial success. In this ICB programme, you’ll learn about business and financial administration best practices, office and legal practice, human resource management, computer system literacy, international business technique and research methods in commerce.
Your first qualification in simply 3 subjects
You can accomplish the ICB Business Administration: Foundation Level after completing simply 3 subjects (and accomplish the National Certificate: Small Business Financial Administration). Continue your studies to advance to the Intermediate and Advanced Levels, and their associated nationally acknowledged qualifications.
Foundation Level
National Certificate
Small Business Financial Administration
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 Researcher, Junior Analyst, Sales Assistant.
Exactly what I’ll have the ability to do
Show an understanding of the documentation, processing and recording of a business’s financial deals. Interact successfully with the business stakeholders. Show that you understand exactly what it indicates to be a basic manager. Expense and cost items and manage working capital. Operate a computer.
Intermediate Level
Higher Certificate
Office Administration
NQF Level.
( NQF L5 – SAQA ID 23619, total cumulative credits: 240).
Period.
+15 months.
Entry requirements.
National Certificate: Small Business Financial Management (should include 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 Supervisor, Field/Floor/Store/ Department Manager, Client service Supervisor.
What I’ll have the ability to do
Manage 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 declarations and reports. Work efficiently with the HR and labour relations departments. Use business growth principles for local and international growth.
Advanced Level
National Diploma
Financial Accounting
NQF Level.
( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).
Duration.
+12 months.
Entry requirements.
Higher Certificate: Office Administration (need to include 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 dissertation, subject: Business Management) (RTAP).
What my title can be
Financial Accounting professional, Accounting Officer (via SAIBA if you satisfy their requirements). Field/Floor/Store/ Department Manager, Secret Account Manager, Business Supervisor, Business Consultant, Business Advisor, Service or Sales Manager.
What I’ll have the ability to do
Work with management info systems at a corporate level. Prepare a business for internal/external audit. Apply principles of tactical intent and strategic thinking in a worldwide business environment. Apply supervisory finance and control principles in a commercial environment. Prepare and analyze financial statements 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 trainees can go into 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 examinations costs 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 trainees will do this through their colleges.
Distance learning trainees will enter upon the ICB Trainee Website online.
Select your qualifications at first. Then pick he subjects, exam dates and areas for your evaluations, and send your test entry along with the required charge. All students will get an email validating their examination entries.
How does ICB examination work?
When you register to study an ICB course, you’ll likewise need to register to be analyzed for it. This is so that they can identify at the end of it whether you know and understand 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 crucial part of the ICB evaluation policy.
Each outcome requires a specific amount of time for you to accomplish 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 learning hours are thought about to be the time taken by the typical student to attain the defined learning results.
What takes place if I fail my ICB exam?
Don’t panic if you do not pass very first time, you can get a 2nd opportunity, With an ICB Re-Assesment If you are assessed as ‘not yet qualified’ in a topic (you did not pass it), you will have an opportunity to write one re-assessment, which is just a summative last exam with a pass mark of 60% (no PoE required– the exam counts fully towards your grade).
You should finish the re-assessment within 12 months of your original summative assessment date. We do recommend you compose your re-assessments as soon as you can, as subject material does alter. If you miss your re-assessment, or you are ‘not yet proficient’ in it, you cannot redo it. You will need to re-enter for the subject and start 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 specific topic.
How many Portfolios will I get?
You’ll get one PoE per subject per exam. Each PoE is personalized to that particular topic.
Distance learning trainees will get their Portfolios directly.
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 understand As Soon As Possible 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 vital introduction of studying your ICB topic!
Your ICB Administration Guide informs you exactly what to do throughout your ICB research studies. It goes over ways to finish your PoE, and contains lots of types you need to complete.
Overcome it step by step and follow all the directions 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 assist you to assess your understanding throughout your studies.
Distance learning trainees will find ICB Tests and Projects in their PoE when it gets here.
Classroom-based students will get their ICB Projects in their Portfolios, and their ICB Tests will be provided by their speakers during their research studies.
Answer Books
You’ll likewise discover blank answer 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 developed it to provide you the best possible chance of finding out effectively and passing your subject the very first time.
However it’s not almost passing the test Our method guarantees you get a deep and substantial understanding of your course items.
So you do not simply get a qualification– you gain abilities that you can use in your task from day 1.
When do I hand in my PoE?
A couple of days prior to your last examination, go through the list in your ICB Portfolio Administration Guide and make certain you have actually done and included 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 final exam, you must include the exam question and answer documents 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 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 delay it in time, you’ll need to begin the topic over by re-entering for the exam and getting a brand-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 assessments you carry out throughout your course. Your Portfolio of Evidence (PoE) is a folder given to you at the start of the course, as soon as you have actually registered for an assessment with the ICB. You’ll have to put any projects offered to you in addition to the tests you take in it. Your PoE is complete when your last evaluation is added to it at the end of your course.
Your last evaluation will count for the remaining 70%– this is your exam. You will have to include it in your PoE, which an ICB-registered assessor will then inspect to see if you actually understand your things. You’ll have to get at least 50% for this exam to pass, no matter your general mark.
This doesn’t indicate that you can slack with your activities and evaluations during your studies, as they fully prepare you for the last assessment, and also supply evidence of the effort you’ve.
What occurs if I have to delay an assessment?
Should you need to delay your ICB exams then you will need to examine the Evaluation Timetables to see when you have to submit postponements by and pay a post ponement fee. There are cut-offs for these for each evaluation cycle so ensure you ask for a postponement in time.
If you have to postpone your evaluation because you’re ill on the day, you can apply for a totally free postponement (include a medical professional’s certificate with your request), which might be issued at the ICB’s discretion. Assessment for subjects can be held off once only if we have actually gotten your postponement cost in time.
Outcomes
Outcomes are launched about 7 weeks after your examination. See the ICB exam schedules for results release dates.
Distance learning trainees will be able to get their results on the Student Website, and they will likewise be emailed to you.
Register with a professional body
If you have actually 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 attractive to companies and customers, your ICB qualifications can also lead you to these chances:.
Study even more with the ICB
Accredited, credible and acknowledged qualifications.
All ICB qualifications are signed up on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programmes are valued by employers, and our graduates are identified in your area and worldwide by a number of professional bodies. ICB qualifications are modular, which implies you can build on them as your studies or career progress. You can likewise qualify in another programme simply by completing a couple of more topics. See the table on page 7 for more.
Discover a job
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 in other places with credit for your ICB qualification.
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are appreciated, international, accounting professional bodies – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB uses.
CIMA offers training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials can apply to CIMA for approximately 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, innovation and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials can study even more through ACCA. You will receive up to 6 exemptions to further your studies to becoming a Chartered Certified Accountant with ACCA.
Chartered Secretaries Southern Africa uses a number of professional qualifications in this specific field of corporate 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 number of levels based upon your certification( s) and work experience. The ICBA identifies all the ICB’s existing qualifications, as well as other pertinent qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are also acknowledged, as long as they have actually been evaluated by SAQA.
If you wish to sign up as a tax practitioner, you’ll need to end up being 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 credentials 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 requirements– please contact them for details.
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Last Updated : July 10 2017