All businesses need qualified people in management.
The following kinds of businesses are general business management jobs you can enter:
– Production businesses
– Service organizations
– Logistics and Supply Chain Manager Financial institutions.
– Own business.
– Business Analyst.
– Operations Manager General Manager.
– Compliance Officer.
– Management Consultant.
– Human resources officer.
– Marketing executive.
– Sales executive.
– Systems analyst.
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 utilize to integrate both Professional Membership along with Education and Training. However, academic guidelines and laws recently made these bodies divided those functions.
Therefore, the historical 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 exclusively 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 Providers).
This recommends that the ICB is authorized by FASSET to recognize training business. Function as the examination (exams) body for the ICB courses, utilized by training business accredited by them.
Presently the QCTO (the Quality Council for Trades and Occupations) remains in the process of managing the responsibility for all SETAs. That implies that FASSET “falls under” the QCTO. This might have some effect on the info of the accreditation process in the future. Both FASSET and the QCTO are bodies developed 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 classifications on the National Qualifications Framework (NQF).
Usually a student would study ICB qualifications, and on the strength of their qualifications, along with working experience, and staying with a professional standard operating procedure, have the ability to get Membership.
The primary objective 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 benefits of studying for ICB business management?
Management entails a broad ability that can benefit you in any working environment.
Here are a few of the benefits of studying business management:
– You will acquire a good grasp of the truths of the business world.
– You will learn about the Significance of teamwork.
– You will find out the best ways to manage people.
– You will find out about entrepreneurship.
– You will be able to combine your business management understanding and skills with a variety of other abilities in order to pursue different career courses.
– You will discover different aspects of running your own business.
– You will acquire a much better understanding of what to expect from staff members.
– You will discover more about companies and how they are structured.
– You will discover the best ways to engage more effectively on a professional level.
Learn how to make a business be successful!
This programme hits the spot if you have ambitions of handling a business and its finances.
Great business management is vitally important for a company’s business success. In this ICB program, you’ll find out about business and financial management best practices, office and legal practice, human resource management, computer system literacy, international business strategy and research methods in commerce.
Your first qualification in just 3 topics
You can achieve the ICB Business Management: Foundation Level after finishing simply 3 subjects (and accomplish the National Certificate: Small Business Financial Management). Continue your studies to advance 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, client relations. Junior Researcher, Junior Expert, Sales Assistant.
What I’ll be able to do
Demonstrate an understanding of the documentation, processing and recording of a business’s financial transactions. Interact effectively with business stakeholders. Show that you understand exactly what it implies to be a general supervisor. Expense and cost items and handle working capital. Operate a computer.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (should 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 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. Operate efficiently as a basic office supervisor of a business. Apply marketing, law, PR, and economics concepts in business. Prepare and analyze financial statements and reports. Work efficiently with the HR and labour relations departments. Use business growth concepts for regional and global growth.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Higher Certificate: Office Administration (need to 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 brief dissertation, topic: Business Management) (RTAP).
What my title can be
Financial Accounting professional, Accounting Officer (by means of SAIBA if you meet their requirements). Field/Floor/Store/ Department Manager, Key Account Supervisor, Business Supervisor, Business Specialist, Business Advisor, Service or Sales Manager.
What I’ll be able to do
Work with management info systems at a business level. Prepare a business for internal/external audit. Apply principles of tactical intent and strategic thinking in an international business environment. Apply supervisory finance and control concepts in a commercial environment. Prepare and analyze financial statements and reports in accordance with IFRS.
Test Dates and Venues
Class students: The majority of the colleges hold exams on-site monthly, so check what your college’s schedule is.
Distance learning trainees can get in 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 evaluations fees as early as possible, so we can send you your PoE ASAP. Your PoE is an unbelievable tool to assist you study. Do not leave it to the eleventh hour or you’ll truly be disadvantaging yourself!
Enter for an ICB exam
Classroom trainees will do this through their colleges.
Distance learning trainees will enter upon the ICB Student Portal online.
Select your qualifications initially. Then choose he topics, exam dates and locations for your examinations, and send your test entry together with the required cost. All students 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 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 programme is created to have particular results. These outcomes are things that you will have the ability to do and understand as a result of your studies. This is the most vital part of the ICB assessment policy.
Each result requires a particular 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 equates to 10 notional hours. Notional knowing hours are thought about to be the time taken by the average 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 second chance, With an ICB
Re-Assesment If you are evaluated as ‘not yet competent’ in a topic (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 original summative assessment date. We do suggest 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 competent’ in it, you can’t renovate it. You will need to re-enter for the subject and begin 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 tailored to that specific subject.
Distance learning students will get their Portfolios straight.
What must I do when I get my PoE?
Examine that your private info on the cover are right. Let you’re your college/the ICB understand ASAP if anything is wrong.
Go through the whole 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 introduction of studying your ICB subject!
Your ICB Administration Guide informs you exactly what to do throughout your ICB research studies. It talks about ways to complete your PoE, and consists of lots of types you need to complete.
Overcome it step by step and follow all the instructions 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 assist you to examine your understanding during your studies.
Distance learning trainees will discover 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.
You’ll similarly discover blank answer books in your PoE for you to make up the answers to your ICB Tests and Projects in.
Why is my PoE so essential?
The ICB discovering experience is special– our scholastic team has actually developed it to use you the very best possible chance of finding out successfully and passing your subject the very first time.
Nevertheless it’s not practically passing the test Our approach guarantees you get a deep and substantial understanding of your course products.
So you do not simply get a qualification– you gain abilities that you can use in your job from day 1.
When do I hand in my PoE?
A few days prior to your last examination, go through the list in your ICB Portfolio Administration Guide and make sure you have really done and consisted of 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 actually completed composing your last exam, you should include the exam concern 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 handed it in.
Sick on exam day?
You can apply for a medical postponement and you’ll need a medical certificate. Contact your college or the ICB for additional information.
Missed your exam?
If you did not attend your exam, and did not delay it in time, you’ll have to start the topic over by returning to 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 final mark originates from the activities and assessments you undertake during your course. Your Portfolio of Evidence (PoE) is a folder offered to you at the start of the course, when you have actually registered for an assessment with the ICB. You’ll need to put any assignments provided to you in addition to the tests you take in it. Your PoE is complete when your final evaluation 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 have to include it in your PoE, which an ICB-registered assessor will then examine to see if you truly know your stuff. You’ll need to get at least 50% for this exam to pass, despite your total mark.
This does not indicate that you can slack with your activities and evaluations throughout your studies, as they fully prepare you for the final assessment, as well as supply evidence of the hard work you’ve.
What occurs if I need to postpone an evaluation?
Must you need to postpone your ICB exams then you will need to examine the Assessment Timetables to see when you have to send postponements by and pay a postponement cost. There are cut-offs for these for each evaluation cycle so ensure you request a post ponement in time.
If you need to postpone your evaluation because you’re ill on the day, you can apply for a free postponement (include a doctor’s certificate with your demand), which might be issued at the ICB’s discretion. Assessment for topics can be held off once only if we have actually gotten your postponement cost in time.
Results are launched about 7 weeks after your examination. See the ICB exam schedules for results launch dates.
Distance learning students will have the ability to get their results on the Student Portal, and they will similarly be emailed to you.
Register with a professional body
If you have actually completed a complete certification, you can apply to join a professional body like the ICBA.
What I can do with my ICB qualifications
As well as making you attractive to employers and clients, your ICB qualifications can likewise lead you to these chances:.
Study further with the ICB
Accredited, credible and recognised 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 companies, and our graduates are acknowledged in your area and worldwide by numerous professional bodies. ICB qualifications are modular, which implies you can build on them as your studies or career progress. You can also qualify in another program simply by finishing a couple of more subjects. See the table on page 7 for more.
Find 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 further somewhere else with credit for your ICB qualification.
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are appreciated, worldwide, accounting professional bodies – headquartered 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 credentials 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, innovation and excellence. 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 enhance your studies towards becoming a Chartered Certified Accountant with ACCA.
Chartered Secretaries Southern Africa uses several professional qualifications in this specific field of business governance, and grants exemptions for certain ICB topics.
Professional Membership Opportunities
When you’ve finished your studies through the ICB, there are numerous 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 upon your credentials( s) and work experience. The ICBA identifies all the ICB’s existing qualifications, along with other relevant qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are also acknowledged, as long as they have actually been assessed by SAQA.
If you want to register as a tax specialist, 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. Students who sign up with SAIT with the FET Certificate: Bookkeeping certification must 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.
Last Updated : July 17 2017