What will a business management course involve?
Business Management entails a broad ability that can benefit you in any working environment.
Here are a few of the advantages of studying business management:
– You will gain a great grasp of the truths of the business world.
– You will learn more about the Significance of teamwork.
– You will learn the best ways to manage people.
– You will discover entrepreneurship.
– You will have the ability to combine your business management understanding and skills with a range of other abilities in order to pursue various career courses.
– You will learn about numerous aspects of running your own business.
– You will acquire a much better understanding of exactly what to expect from workers.
– You will learn more about companies and how they are structured.
– You will discover the best ways to communicate more effectively on a professional level.
Why Study Business Management?
The goals of any business might include making a profit, keeping stability, and creating employment opportunities. People who study business courses are offered the possibility to learn more about managing organisations of numerous sizes. They also find out about the relationships in between organisations and the communities that they serve. Studying a business management course might help you on your way to becoming a leader in the business environment. The ICB offers a totally accredited business management course program.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has in fact existed because 1931. In South Africa the functions of professional bodies use to incorporate both Professional Membership as well as Education and Training. Nevertheless, scholastic guidelines and laws recently made these bodies divided those functions.
Hence, 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 (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 Services).
This recommends that the ICB is authorized by FASSET to recognize training companies. Function as the examination (exams) body for the ICB courses, used by training business accredited by them.
Currently the QCTO (the Quality Council for Trades and Occupations) is in the procedure 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 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 acknowledged by SAQA as a Professional Body and for the registration of 7 professional categories on the National Qualifications Framework (NQF).
Typically a student would study ICB qualifications, and on the strength of their qualifications, together with working experience, and sticking to a professional guideline, have the capability to get Membership.
The main objective of the ICBA is to offer 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.
Where will I be able to work?
All companies require qualified people in management.
The following types of organisations are general examples:
– Production companies
– Service organizations
– Logistics and Supply Chain Manager Banks.
– Own business.
– Business Analyst.
– Operations Supervisor General Supervisor.
– Compliance Officer.
– Management Specialist.
Find out the best ways to make a business succeed!
This programme is just the ticket 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 learn more about business and monetary management finest practices, office and legal practice, human resource management, computer system literacy, worldwide business technique and research approaches in commerce.
You can attain the ICB Business Management: Foundation Level after completing simply 3 subjects (and achieve 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, 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 personnels, 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 paperwork, processing and recording of a business’s monetary deals. Interact effectively with the business stakeholders. Program that you know what it indicates to be a basic manager. Cost and cost items and handle working capital. Run a personal computer.
( NQF L5 – SAQA ID 23619, total 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 Supervisor, Human Resources Manager, Labour Relations Manager, Field/Floor/Store/ Department Supervisor, Client service Manager.
What I’ll have the ability to do
Manage your journal and work schedule as a supervisor. Run effectively as a general office manager of a business. Apply marketing, law, PR, and economics principles in business. Prepare and translate financial statements and reports. Work efficiently with the HR and labour relations departments. Apply business growth concepts for regional and global growth.
( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).
Higher Certificate: Office Administration (need to consist of 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 criteria). Field/Floor/Store/ Department Manager, Secret Account Supervisor, Business Supervisor, Business Consultant, Business Consultant, Service or Sales Supervisor.
Exactly what I’ll be able to do
Work with management information systems at a business level. Prepare a business for internal/external audit. Apply principles of tactical intent and strategic thinking in a global business environment. Apply supervisory finance and control principles in a business environment. Draw up and interpret monetary statements and reports in accordance with IFRS.
Test Dates and Venues
Class trainees: The majority of the colleges hold exams on-site monthly, so inspect exactly what your college’s schedule is.
Distance learning students 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 assessments charges 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 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 Student Portal online.
Select your qualifications initially. Then choose he subjects, exam dates and locations for your evaluations, and send your test entry in addition to 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 examined for it. This is so that they can determine at the end of it whether you know and understand the course material all right to pass. Each ICB programme is developed to have particular 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 crucial part of the ICB evaluation policy.
Each outcome needs a certain 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 equates to 10 notional hours. Notional knowing hours are thought about to be the time taken by the typical student to attain the defined knowing results.
Exactly what happens if I fail my ICB exam?
Do not stress if you do not pass first time, you can get a 2nd possibility, With an ICB Re-Assesment If you are evaluated as ‘not yet competent’ in a subject (you did not pass it), you will have a chance to compose one re-assessment, which is only a summative last exam with a pass mark of 60% (no PoE needed– the exam counts fully to your grade).
You need to finish the re-assessment within 12 months of your initial summative assessment date. We do advise 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 cannot renovate it. You will need to re-enter for the subject and begin it over by completing 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 specific subject.
Distance learning trainees will get their Portfolios directly.
What must I do when I get my PoE?
Examine that your specific information on the cover are right. Let you’re your college/the ICB comprehend ASAP if anything is wrong.
Go through the whole 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 precisely what to do throughout your ICB research studies. It goes over methods to complete your PoE, and includes lots of types you have to finish.
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 subject, the ICB sets 3 Tasks and 2 Tests that help you to evaluate your understanding 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 used by their speakers during their research studies.
You’ll also discover blank response books in your PoE for you to compose the answers to your ICB Tests and Tasks in.
Why is my PoE so vital?
The ICB discovering experience is distinct– our scholastic group has created it to use you the best possible possibility of discovering effectively and passing your subject the very first time.
Nevertheless it’s not practically passing the test Our approach guarantees you get a deep and comprehensive understanding of your course items.
So you do not merely get a certification– you acquire abilities that you can use 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 ensure you have really done and consisted of everything. Make a
copy of our whole PoE as a backup.
Take your finished PoE to your last test. You’ll hand it there in.
Your Last test
When you have actually completed composing your last exam, you need to consist of 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 post ponement and you’ll require 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 need to start the subject over by re-entering for the exam and getting a new PoE.
Wondering how you ICB course will be graded? It’s simple. 30% of your final mark originates from the activities and examinations you carry out during your course. Your Portfolio of Evidence (PoE) is a folder provided to you at the start of the course, as soon as you’ve signed up for an evaluation with the ICB. You’ll have to put any tasks offered to you in addition to the tests you take in it. Your PoE is complete when your final evaluation is added 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 examine to see if you actually understand your stuff. You’ll need to get at least 50% for this exam to pass, no matter your general mark.
This does not indicate that you can slack with your activities and examinations throughout your studies, as they fully prepare you for the final evaluation, as well as provide evidence of the hard work you’ve.
Exactly what happens if I have to hold off an assessment?
Ought to you have to delay your ICB exams then you will need to examine the Evaluation Timetables to see when you have to submit posts ponement by and pay a post ponement cost. There are cut-offs for these for each assessment cycle so make certain you ask for a postponement in time.
If you need to delay your evaluation due to the fact that you’re ill on the day, you can apply for a totally free post ponement (consist of a doctor’s certificate with your request), which might be issued at the ICB’s discretion. Assessment for topics can be held off once only if we have actually received your postponement charge in time.
Results are launched about 7 weeks after your examination. See the ICB exam schedules for outcomes launch dates.
Distance learning students will have the ability to get their results on the Trainee Website, and they will likewise be emailed to you.
Register with a professional body
If you have really ended up a full accreditation, you can apply to join a professional body like the ICBA.
Exactly what I can do with my ICB qualifications
Along with making you attractive to companies and customers, your ICB qualifications can
also lead you to these chances:
Study even more with the ICB
Accredited, respectable 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 recognised in your area and worldwide by numerous professional bodies. ICB qualifications are modular, which means you can build on them as your studies or career development. You can also qualify in another programme simply by finishing a
couple of more subjects. See the table on page 7 for more.
Discover a task
In association with CareerJunction, South Africa’s hugely popular task website, you can browse and apply for monetary and admin positions at www.icb.org.za/careers
Study further somewhere else with credit for your ICB certification
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are respected, worldwide, accounting professional bodies – locateded in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB provides.
CIMA offers training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can apply to CIMA for up to 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 qualification can study further 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 specific field of business governance, and grants exemptions for certain ICB topics.
Professional Membership Opportunities
Once 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 qualification(s) and work experience. The ICBA acknowledges all the ICB’s present qualifications, in addition to other pertinent qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are likewise recognised, as long as they have been assessed by SAQA.
If you want to sign up as a tax practitioner, you’ll have 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 qualification should update this to the National Diploma: Technical Financial Accounting within a year of ending up being a member. SAIT has several other membership requirements– please contact them for information.
Last Updated : July 3 2017