Why Study ICB Business Management courses in South Africa?
The objectives of any business may consist of earning a profit, keeping stability, and creating job opportunity. Individuals who study business courses are given the chance to learn about handling businesses of various 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 the business environment. The ICB offers a fully recognized business management course program.
The Institute of Certified Bookkeepers
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 utilize to incorporate both Professional Membership as well as Education and Training. Nevertheless, academic 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 educational body continues under the name Institute of Certified Bookkeepers.
The (brand-new) ICB, that is the body entirely managing Academics, is an acknowledged Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Financing, Accounting, Management Consulting and other Financial Solutions).
This recommends that the ICB is licensed by FASSET to recognize training business. Act as the evaluation (exams) body for the ICB courses, utilized by training business certified by them.
Presently the QCTO (the Quality Council for Trades and Occupations) is in the process of managing the responsibility for all SETAs. That suggests that FASSET “falls under” the QCTO. This may 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 authority of FASSET (and soon under authority of the QCTO), is liable for the quality control 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 acknowledged 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, in addition to working experience, and adhering to a professional standard operating procedure, have the capability to get Membership.
The main goal 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 student, you can get Trainee Subscription of the ICBA.
What are the advantages of studying ICB business management courses in South Africa?
Management requires a broad ability that can benefit you in any workplace.
Here are some of the benefits of studying business management in South Africa:
– You will acquire a good grasp of the realities of the business world.
– You will learn about the Value of team effort.
– You will learn ways to handle individuals.
– You will learn about entrepreneurship.
– You will be able to integrate your business management knowledge and skills with a variety of other skills in order to pursue different career paths.
– You will learn about numerous elements of running your very own business.
– You will acquire a better understanding of exactly what to get out of workers.
– You will find out more about organizations and how they are structured.
– You will learn how to interact more effectively on a professional level.
Where will I be able to work?
All businesses need certified individuals in management.
The following types of businesses are basic examples:
– Manufacturing businesses
– Service organizations
– Logistics and Supply Chain Supervisor Financial institutions.
– Own business.
– Business Analyst.
– Operations Manager General Manager.
– Compliance Officer.
– Management Specialist.
Learn how to make a business prosper!
This program hits the spot if you have ambitions of handling a business and its finances.
Excellent business management is vitally important for a business’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 system literacy, worldwide business strategy and research methods in commerce.
Small Business Financial Management
( NQF L4 – SAQA ID 48736, total credits: 120).
Grade 11 (Std 9) or equivalent.
- 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 Analyst, Sales Assistant.
Exactly what I’ll be able to do
Demonstrate an understanding of the documentation, processing and recording of a business’s financial deals. Interact effectively with business stakeholders. Show that you understand exactly what it implies to be a basic manager. Cost and cost items and handle working capital. Operate a computer.
( NQF L5 – SAQA ID 23619, total cumulative credits: 240).
National Certificate: Small Business Financial Management (must consist of the Business Management 1 topic).
- 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 Manager, Field/Floor/Store/ Department Supervisor, Customer support Manager.
Exactly what I’ll be able to do
Manage your diary and work schedule as a supervisor. Operate efficiently as a general office supervisor of a business. Apply marketing, law, PR, and economics principles in business. Prepare and analyze financial declarations and reports. Work efficiently with the HR and labour relations departments. Apply business development principles for regional and worldwide growth.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Higher Certificate: Office Administration (need to consist of 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 dissertation, topic: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (by means of SAIBA if you fulfill their requirements). Field/Floor/Store/ Department Manager, Key Account Manager, Business Supervisor, Business Specialist, Business Advisor, Service or Sales Manager.
What I’ll have the ability to do
Deal with management info systems at a business level. Prepare a business for internal/external audit. Apply principles of strategic intent and strategic thinking in an international business environment. Apply managerial finance and control principles in a business environment. Prepare and translate financial statements and reports in accordance with IFRS.
Test Dates and Venues
Class trainees: The majority of the colleges hold exams 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 take place at the ICB authorized evaluation centres around southern Africa.
Pay your ICB registration and evaluations charges as early as possible, so we can send you your PoE ASAP. Your PoE is an incredible tool to assist you study. Do not leave it to the eleventh hour or you’ll truly be disadvantaging yourself!
Go into for an ICB exam
Class trainees will do this through their colleges.
Distance learning students will enter upon the ICB Trainee Website online.
Select your qualifications initially. Then choose he topics, exam dates and places for your assessments, and send your test entry together with the required charge. All trainees will get an e-mail confirming their examination entries.
How does ICB examination work?
When you register to study an ICB course, you’ll likewise have to sign up to be examined for it. This is so that they can identify at the end of it whether you understand and comprehend the course material all right to pass. Each ICB programme is created to have particular outcomes. These outcomes 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 evaluation policy.
Each outcome needs a certain 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 learning hours are considered to be the time taken by the typical student to achieve the defined learning results.
What occurs if I fail my ICB exam?
Don’t worry if you do not pass first time, you can get a second possibility, With an ICB Re-Assesment If you are examined as ‘not yet qualified’ in a subject (you did not pass it), you will have a chance to compose one re-assessment, which is just a summative final exam with a pass mark of 60% (no PoE needed– the exam counts fully to your grade).
You must finish the re-assessment within 12 months of your initial summative assessment date. We do suggest you compose your re-assessments as soon as you can, as subject content does change. If you miss your re-assessment, or you are ‘not yet competent’ in it, you can’t redo it. You will need to return to for the subject and start it over by finishing a brand-new PoE.
When do I get my Portfolio of Evidence?
Your PoE will appear 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 customized to that particular subject.
Distance learning trainees will get their Portfolios directly.
What must I do when I get my PoE?
Examine that your individual 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 information where you are asked to.
Exactly what’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your important summary of studying your ICB subject!
Your ICB Administration Guide tells you exactly what to do throughout your ICB research studies. It discusses methods to complete 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 jobs
For each subject, the ICB sets 3 Projects and 2 Tests that assist you to examine your
knowledge during your studies.
Distance learning students 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 offered by their lecturers during their research studies.
You’ll likewise 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 discovering experience is distinct– our scholastic group has created it to offer you the best possible opportunity of learning effectively and passing your subject the very first time.
However it’s not nearly passing the test Our method guarantees you get a deep and
substantial understanding of your course products.
So you don’t merely get a certification– you gain abilities that you can make use of 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 checklist in your ICB Portfolio Administration Guide and make sure you have really done and consisted of 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 Last test
When you have actually completed composing your final exam, you must include the exam question 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 handed it in.
Ill on exam day?
You can apply for a medical postponement and you’ll need 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 returning to for the exam and getting a new PoE.
Everything You Had to Know
Wondering how you ICB course will be graded? It’s simple. 30% of your final mark originates from the activities and examinations you undertake during your course. Your Portfolio of Evidence (PoE) is a folder given to you at the start of the course, once you have actually registered for an assessment with the ICB. You’ll have to put any projects offered to you as well as the tests you take in it. Your PoE is complete when your final assessment is
contributed to it at the end of your course.
Your last evaluation 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 really know your things. You’ll need to get at least 50% for this exam to pass, no matter your total 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.
Exactly what happens if I need to postpone an assessment?
Ought to you have to postpone your ICB exams then you will need to check the Evaluation Timetables to see when you need to submit postponements by and pay a post ponement charge. There are cut-offs for these for each assessment cycle so make sure you ask for a postponement in time.
If you need to postpone your evaluation because you’re ill on the day, you can apply for a free postponement (consist of a physician’s certificate with your request), which may be released at the ICB’s discretion. Assessment for subjects can be held off once only if we have gotten your postponement fee in time.
Outcomes are released about 7 weeks after your examination. See the ICB exam timetables for outcomes release dates.
Distance learning students will have the ability 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 ended up a complete certification, you can apply to join a professional body like the ICBA.
Exactly what I can do with my ICB qualifications
In addition to making you attractive to employers and clients, your ICB qualifications can likewise lead you to these opportunities:.
Study further with the ICB
Accredited, reputable and acknowledged 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 globally by several professional bodies. ICB qualifications are modular, which means you can build on them as your studies or career progress. You can also qualify in another program just by completing a couple of more subjects. See the table on page 7 for more.
Discover a task
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 further 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, global, accounting professional bodies – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB offers.
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 get as much as 6 exemptions to advance your studies towards becoming a Chartered Certified Accountant with ACCA.
Chartered Secretaries Southern Africa offers a number of professional qualifications in this particular field of business governance, and grants exemptions for certain ICB topics.
Professional Membership Opportunities
Once you have actually completed 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 qualification( s) and work experience. The ICBA identifies all the ICB’s present qualifications, along with other appropriate qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are likewise recognised, as long as they have been examined by SAQA.
If you want to sign up as a tax professional, you’ll have to become a member of SAIT. SAIT acknowledges the ICB’s FET Certificate: Bookkeeping, and the National Diploma: Technical Financial Accounting qualifications. Trainees who register with SAIT with the FET Certificate: Bookkeeping qualification must update 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.
Last Updated : July 10 2017