What does a Business Management job description look like?
Business managers are accountable for overseeing and supervising a business’s activities and staff members. Small businesses count on business supervisor to keep employees aligned with the objectives of the business. Business managers report to top executives in a bigger organization, but in a small company, the manager might either own the company or report straight to the owner.
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 utilize to incorporate both Professional Membership in addition to Education and Training. However, scholastic guidelines and laws in recent years made these bodies divided those functions.
Hence, 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 (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 Financing, Accounting, Management Consulting and other Financial Services).
This recommends that the ICB is licensed by FASSET to recognize training business. Act 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) is in the process of handling the responsibility for all SETAs. That indicates that FASSET “falls under” the QCTO. This might have some result on the details 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 quickly under authority of the QCTO), is responsible for the quality assurance 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 acknowledged 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 adhering to a professional standard operating procedure, have the ability to get Membership.
The main objective of the ICBA is to provide professional membership to Junior and Senior Accounting professionals, 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.
Why Study Business Management?
The objectives of any business may include making a profit, keeping stability, and creating employment opportunities. Individuals who study business courses are offered the opportunity to learn more about handling companies of various sizes. They likewise learn about the relationships between organisations and the communities that they serve. Studying a business management course may help you on your way to becoming a leader in business environment. The ICB offers a fully recognized business management course program.
What are the advantages of studying business management?
Management involves a broad capability that can benefit you in any working environment.
Here are a few of the benefits of studying business management:
– You will acquire a great grasp of the realities of the business world.
– You will discover the Significance of teamwork.
– You will discover how to handle people.
– You will discover entrepreneurship.
– You will be able to combine your business management understanding and abilities with a series of other skills in order to pursue various career courses.
– You will learn about various elements of running your very own business.
– You will gain a better understanding of what to expect from workers.
– You will discover more about companies and how they are structured.
– You will find out ways to interact more effectively on a professional level.
This program hits the spot if you have ambitions of managing a business and its finances.
Excellent business management is essential for a business’s business success. In this ICB programme, you’ll learn about business and financial management finest practices, office and legal practice, human resource management, computer literacy, worldwide business technique and research techniques in commerce.
Your first qualification in simply 3 subjects
You can accomplish the ICB Business Management: Foundation Level after finishing just 3 subjects (and accomplish the National Certificate: Small Business Financial Management). Continue your studies to progress to the Intermediate and Advanced Levels, and their associated nationally acknowledged 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, consumer relations. Junior Researcher, Junior Analyst, Sales Assistant.
What I’ll be able to do
Show an understanding of the documents, processing and recording of a business’s financial deals. Interact successfully with business stakeholders. Show that you understand exactly what it means to be a general supervisor. Cost and rate items and handle working capital. Run a desktop computer.
( NQF L5 – SAQA ID 23619, total cumulative credits: 240).
National Certificate: Small Business Financial Management (need to include 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 Manager, Human Resources Manager, Labour Relations Supervisor, Field/Floor/Store/ Department Supervisor, Customer support Supervisor.
Exactly what I’ll have the ability to do
Handle your journal and work schedule as a supervisor. Operate efficiently as a basic office manager of a business. Apply marketing, law, PR, and economics principles in business. Prepare and interpret financial declarations and reports. Work effectively with the HR and labour relations departments. Apply business development principles for local and international growth.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Higher Certificate: Office Administration (should include the 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, subject: Business Management) (RTAP).
What my title can be
Financial Accounting professional, Accounting Officer (through SAIBA if you satisfy their requirements). Field/Floor/Store/ Department Manager, Key Account Manager, Business Manager, Business Specialist, Business Advisor, Service or Sales Supervisor.
Exactly 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 concepts of tactical intent and strategic thinking in a global business environment. Apply supervisory finance and control concepts in a commercial environment. Draw up and interpret financial declarations and reports in accordance with IFRS.
Test Dates and Venues
Class students: Most of the colleges hold exams on-site monthly, so inspect 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 approved 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 amazing tool to assist you study. Do not leave it to the eleventh hour or you’ll actually be disadvantaging yourself!
Enter for an ICB exam
Classroom trainees will do this through their colleges.
Distance learning students will enter upon the ICB Student Portal online.
Select your qualifications initially. Then pick he subjects, exam dates and places for your assessments, and send your test entry in addition to the needed cost. All trainees will get an email validating their examination entries.
How does ICB examination work?
When you register to study an ICB course, you’ll also need to sign up to be examined for it. This is so that they can determine at the end of it whether you understand and understand the course material all right to pass. Each ICB programme is developed to have specific results. These results are things that you will have the ability to do and comprehend as a result of your studies. This is the most important part of the ICB assessment policy.
Each result needs a certain 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 assessment policy, 1 credit equates to 10 notional hours. Notional knowing hours are thought about to be the time taken by the average student to accomplish the defined learning outcomes.
Exactly what occurs if I fail my ICB exam?
Do not stress 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 proficient’ in a subject (you did not pass it), you will have a possibility to write one re-assessment, which is only a summative last exam with a pass mark of 60% (no PoE needed– the exam counts totally towards your grade).
You must complete 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 alter. If you miss your re-assessment, or you are ‘not yet qualified’ in it, you can’t renovate it. You will need to return to for the subject and begin it over by finishing 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 specific 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 straight.
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 understand ASAP if anything is wrong.
Go through the entire PoE and fill in details where you are asked to.
What’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your vital overview of studying your ICB topic!
Your ICB Administration Guide tells you exactly what to do throughout your ICB research studies. It talks about ways to finish your PoE, and includes lots of types you need to finish.
Conquer it step by step and follow all the directions in it, and you’ll be on track for success!
ICB Tests and projects
For each topic, the ICB sets 3 Tasks and 2 Tests that help you to examine your understanding throughout your studies.
Distance learning trainees 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 provided by their lecturers throughout their research studies.
You’ll likewise find blank response books in your PoE for you to compose the answers to your ICB Tests and Assignments in.
Why is my PoE so important?
The ICB finding experience is special– our scholastic group has created it to use you the very best possible chance of finding out effectively and passing your subject the very first time.
Nevertheless it’s not almost passing the test Our approach guarantees you get a deep and extensive understanding of your course items.
So you do not simply get a credentials– you gain skills that you can use in your task from
When do I hand in my PoE?
A couple of days before your last examination, go through the checklist in your ICB Portfolio Administration Guide and ensure 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.
Your Final test
When you have finished composing your final exam, you should consist of the exam question and answer papers to your PoE, and hand everything in together. You can not send the ICB anything else for your PoE after you have actually handed it in.
Sick on exam day?
You can apply for a medical post ponement and you’ll need a medical certificate. Contact your college or the ICB to learn more.
Missed your exam?
If you did not attend your exam, and did not delay it in time, you’ll have to start the subject
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 easy. 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, when you’ve registered for an evaluation 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 total when your last evaluation is contributed to it at the end of your course.
Your final 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 check to see if you actually understand your things. You’ll need to get at least 50% for this exam to pass, regardless of your overall mark.
This doesn’t imply that you can slack with your activities and evaluations throughout your studies, as they completely prepare you for the last evaluation, and also provide evidence of the effort you have actually.
What occurs if I have to delay an assessment?
Must you need to postpone your ICB exams then you will need to inspect the Evaluation Timetables to see when you need to submit posts ponement by and pay a postponement fee. There are cut-offs for these for each evaluation cycle so ensure you request a post ponement in time.
If you have to delay your evaluation since you’re ill on the day, you can apply for a free postponement (consist of a physician’s certificate with your demand), which might be issued at the ICB’s discretion. Evaluation for subjects can be postponed once only if we have received your post ponement fee in time.
Outcomes are launched about 7 weeks after your examination. See the ICB exam schedules for results launch dates.
Distance learning trainees will be able to get their outcomes on the Student Website, and they will likewise be emailed to you.
Register with a professional body
If you have really finished a complete certification, you can apply to register with a professional body like the ICBA.
Exactly what I can do with my ICB qualifications
Along with making you attractive to employers and clients, your ICB qualifications can also lead you to these chances:.
Study further with the ICB
Accredited, respectable and acknowledged qualifications.
All ICB qualifications are registered on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programs are valued by employers, and our graduates are identified locally and internationally by several professional bodies. ICB qualifications are modular, which means you can build on them as your studies or career progress. You can likewise 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 hugely popular job website, you can search and apply for financial and admin positions at www.icb.org.za/careers.
Study further 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, worldwide, accounting professional bodies – locateded 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 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 accountants, with over 110 years of experience, development and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study further through ACCA. You will get approximately 6 exemptions to enhance your studies to becoming a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa provides several professional qualifications in this specific field of business governance, and grants exemptions for certain ICB subjects.
Professional Membership Opportunities
As soon as 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 number of levels based on your certification( s) and work experience. The ICBA identifies all the ICB’s current qualifications, as well as other appropriate qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are likewise recognised, as long as they have been assessed by SAQA.
If you wish to register as a tax practitioner, you’ll need 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 should upgrade this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has numerous other membership criteria– please contact them for information.
Last Updated : July 7 2017