ICB Short courses Financial Management



Why Study ICB short courses Financial Management?


The objectives of any business might consist of making a profit, keeping stability, and creating employment opportunities. People who study business short courses are given the opportunity to find out about handling businesses of numerous sizes. They also find out about the relationships in between businesses and the communities that they serve. Studying a business management short course might help you on your way to becoming a leader in business environment. The ICB uses a totally accredited business management course program.


Here is a list of ICB short courses in financial management you can select from:


– Business Management 1 (BMT1).

– Bookkeeping to Trial Balance (BKTB).

– Business Literacy (BUSL).

– 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).

– Business Management 3 (BMT3).

– Financial Management and Control (FMCL).

– Financial Reporting and Regulatory Frameworks (FRRF).

– Research Theory and Practice (RTAP).


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 utilize to integrate both Professional Membership along with Education and Training. However, academic regulations and laws in recent years made these bodies split those functions.

Thus, the historic ICB was divided into a Professional Body and an Academic Body in 2015. The academic 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 Financing, Accounting, Management Consulting and other Financial Services).

This suggests that the ICB is licensed by FASSET to acknowledge training business. Function as the evaluation (exams) body for the ICB courses, utilized by training companies recognized by them.


Presently the QCTO (the Quality Council for Trades and Occupations) remains in the process of managing the commitment for all SETAs. That implies that FASSET “falls under” the QCTO. This might have some result on the info 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 accountable for the quality control and assessments (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 classifications on the National Qualifications Framework (NQF).

Typically a student would study ICB qualifications, and on the strength of their qualifications, in addition to working experience, and staying with a professional standard procedure, have the ability to get Membership.


The main purpose 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 student, you can get Trainee Subscription of the ICBA.


Where will I be able to work?


All businesses require qualified people in management.


The list below kinds of businesses are basic examples:


– Production businesses.

– Service organizations.

– Retailers.

– Logistics and Supply Chain Supervisor Banks.

– Own business.

– Business Analyst.

– Operations Manager General Supervisor.

– Compliance Officer.

– Management Expert.


What are the benefits of studying financial management short courses?


Management entails a broad ability that can benefit you in any workplace.


Here are a few of the advantages of studying business management:


– You will gain a good grasp of the truths of the business world.

– You will discover the Importance of team effort.

– You will learn ways to handle individuals.

– You will learn about entrepreneurship.

– You will be able to integrate your business management understanding and abilities with a variety of other abilities in order to pursue various career paths.

– You will find out about different aspects of running your own business.

– You will acquire a much better understanding of exactly what to expect from employees.

– You will find out more about organizations and how they are structured.

– You will learn ways to interact better on a professional level.


Learn ways to make a business succeed!ICB short courses Financial Management


This programme is just the ticket if you have ambitions of managing a business and its finances.


Good business management is vitally important for a company’s business success. In this ICB programme, you’ll learn more about business and financial management best practices, office and legal practice, human resource management, computer system literacy, international business technique and research methods in commerce.


Your first certification 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 progress to the Intermediate and Advanced Levels, and their associated nationally acknowledged qualifications.


Foundation Level

National Certificate

Small Business Financial Management


NQF Level.

( NQF L4 – SAQA ID 48736, overall credits: 120).



9 months.


Entry requirements.

Grade 11 (Std 9) or equivalent.




  1. Business Management 1 (BMT1).
  2. Bookkeeping to Trial Balance (BKTB).
  3. 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 Scientist, Junior Expert, 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 transactions. Interact effectively with business stakeholders. Show that you know exactly what it indicates to be a general supervisor. Cost and rate products and handle working capital. Run a personal computer.


Intermediate Level

Higher Certificate

Office Administration


NQF Level.

( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).



+15 months.


Entry requirements.

National Certificate: Small Business Financial Management (should consist of the Business Management 1 subject).




  1. Office and Legal Practice (OLPR).
  2. Business Management 2 (BMT2).
  3. Marketing Management and Public Relations (MMPR).
  4. Financial Statements (FNST).
  5. 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 Supervisor, Client service Manager.


Exactly what I’ll be able to do


Handle your diary and work schedule as a manager. Operate efficiently as a general office manager of a business. Apply marketing, law, PR, and economics principles in business. Prepare and analyze financial statements and reports. Work efficiently with the HR and labour relations departments. Apply business development principles for local and international expansion.


Advanced Level

National Diploma

Financial Accounting


NQF Level.

( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).



+12 months.


Entry requirements.

Higher Certificate: Office Administration (should consist of the Business Management 2 subject).




  1. Business Management 3 (BMT3).
  2. Financial Management and Control (FMCL).
  3. Financial Reporting and Regulatory Frameworks (FRRF).
  4. Research Theory and Practice (by short argumentation, topic: Business Management) (RTAP).


What my title can be


Financial Accounting professional, Accounting Officer (by means of SAIBA if you satisfy their requirements). Field/Floor/Store/ Department Supervisor, Secret Account Manager, Business Manager, Business Specialist, Business Consultant, Service or Sales Supervisor.


What I’ll have the ability to do


Work with management information systems at a corporate level. Prepare a business for internal/external audit. Apply concepts of strategic intent and strategic thinking in an international business environment. Apply supervisory finance and control concepts in an industrial environment. Draw up and translate financial declarations and reports in accordance with IFRS.

ICB short courses Financial Management

Test Dates and Venues


Class students: The majority of the colleges hold exams on-site monthly, so inspect exactly what your college’s schedule is.


Distance learning students can enter the ICB tests in February, May, July, September and November. Tests happen at the ICB authorized evaluation 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 incredible tool to assist you study. Do not leave it to the eleventh hour or you’ll truly be disadvantaging yourself!


Get in for an ICB exam


Classroom students will do this through their colleges.


Distance learning trainees will enter upon the ICB Student Portal 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 fee. All trainees will get an email verifying their examination entries.


How does ICB examination work?


When you sign up to study an ICB course, you’ll likewise have to sign up to be taken a look at for it. This is so that they can figure out at the end of it whether you understand and comprehend the course product well enough 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 vital part of the ICB evaluation policy.


Each outcome needs a particular amount of time for you to accomplish it. These hours are represented by credits. As defined by the South African Qualifications Authority (SAQA), and the ICB evaluation policy, 1 credit equates to 10 notional hours. Notional learning hours are considered to be the time taken by the typical trainee to achieve the specified learning results.


What happens if I fail my ICB exam?


Do not 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 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 completely towards your grade).

You should finish the re-assessment within 12 months of your initial summative evaluation date. We do suggest you write your re-assessments as soon 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 have 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 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 customized to that specific topic.


Distance learning students will get their Portfolios straight.


What must I do when I get my PoE?


Examine that your individual details 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.


Exactly what’s inside my PoE?


Your ICB Portfolio Administration Guide


This is your essential introduction of studying your ICB subject!


Your ICB Administration Guide tells you exactly what to do throughout your ICB research studies. It goes over ways to complete your PoE, and consists of great deals of types you need to end up.


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 Projects and 2 Tests that assist you to examine your knowledge throughout your studies.


Distance learning trainees will find ICB Tests and Tasks in their PoE when it gets here.

Classroom-based trainees will get their ICB Projects in their Portfolios, and their ICB Tests will be offered by their lecturers during their research studies.


Answer Books


You’ll also 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 crucial?


The ICB finding experience is distinct– our scholastic team has actually produced it to use you the best possible possibility of learning effectively and passing your subject the very first time.


However it’s not practically passing the test Our approach ensures you get a deep and comprehensive understanding of your course items.


So you don’t just get a credentials– you acquire abilities that you can use in your task 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 certain you have really done and included 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 Final test


When you have finished composing your last exam, you must consist of the exam concern 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 handed it in.


Ill 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 find out more.


Missed your exam?


If you did not attend your exam, and did not postpone it in time, you’ll need to begin the subject over by re-entering for the exam and getting a brand-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 offered to you at the start of the course, when you’ve signed up for an evaluation with the ICB. You’ll have to put any tasks given to you along with the tests you take in it. Your PoE is total when your final assessment 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 inspect to see if you truly know your stuff. You’ll have to get at least 50% for this exam to pass, despite your total mark.

This does not imply that you can slack with your activities and examinations during your studies, as they fully prepare you for the final evaluation, as well as supply evidence of the effort you’ve.


Exactly what occurs if I need to postpone an assessment?


Need to you need to delay your ICB exams then you will need to examine the Assessment Timetables to see when you need to submit posts ponement by and pay a post ponement cost. There are cut-offs for these for each assessment cycle so ensure you request a post ponement in time.


If you need to delay your evaluation since you’re ill on the day, you can apply for a totally free postponement (consist of a doctor’s certificate with your demand), which might be provided at the ICB’s discretion. Evaluation for subjects can be held off once only if we have actually gotten your post ponement cost in time.




Outcomes are launched about 7 weeks after your examination. See the ICB exam schedules for results release dates.


Distance learning students 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 ended up a complete accreditation, you can apply to sign up with a professional body like the ICBA.


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 chances:.


Study even more with the ICB


Accredited, reliable 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 locally and internationally by several professional bodies. ICB qualifications are modular, which means you can build on them as your studies or career development. You can likewise qualify in another program just by completing a few more topics. See the table on page 7 for more.


Discover a jobICB short courses Financial Management


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 even more in other places with credit for your ICB credentials.

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 uses.


CIMA provides 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 accounting professionals, with over 110 years of experience, innovation and excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can study further through ACCA. You will receive approximately 6 exemptions to enhance your studies to becoming a Chartered

Certified Accountant with ACCA.


Chartered Secretaries Southern Africa uses numerous professional qualifications in this particular field of business governance, and grants exemptions for certain ICB subjects.


Professional Membership Opportunities


Once you have actually finished your studies through the ICB, there are numerous local 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 variety of levels based upon your qualification( s) and work experience. The ICBA identifies all the ICB’s existing qualifications, as well as other relevant qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are also 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 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 credentials must update this to the National Diploma: Technical Financial Accounting within a year of ending up being a member. SAIT has a number of other membership requirements– please contact them for details.





Last Updated : July 13 2017