Would like to know what Business Management career you can enter into after studying?
All businesses need certified individuals in management.
The following kinds of businesses are general examples of the types of places where you get a Business Management career:
– Manufacturing businesses
– Service companies
– Logistics and Supply Chain Manager Banks.
– Own business.
– Business Analyst.
– Operations Manager General Manager.
– Compliance Officer.
– Management Specialist.
Why Study for a Business Management career?
Individuals who study business courses are given the opportunity to learn more about handling businesses of different sizes. They also discover the relationships in between businesses and the communities that they serve. Studying a business management course might assist you on your way to becoming a leader in your Business Management career. The ICB offers a totally recognized 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 in addition to Education and Training. Nevertheless, academic policies and laws recently made these bodies split those functions.
Therefore, the historic 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 a recognized Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Financing, Accounting, Management Consulting and other Financial Providers).
This recommends that the ICB is authorized by FASSET to recognize training business. Function as the evaluation (exams) body for the ICB courses, used by training business recognized by them.
Currently the QCTO (the Quality Council for Trades and Occupations) remains in the procedure of handling the obligation for all SETAs. That indicates 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 quickly under authority of the QCTO), is liable for the quality control and examinations (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 recognized by SAQA as a Professional Body and for the registration of 7 professional classifications on the National Qualifications Framework (NQF).
Normally a trainee would study ICB qualifications, and on the strength of their qualifications, together with working experience, and staying with a professional standard procedure, have the capability to get Membership.
The main goal of the ICBA is to offer professional membership to Junior and Senior Accountants, 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.
What are the advantages of studying for a Business Management career?
Management requires a broad capability that can benefit you in any working environment.
Here are some of the advantages of studying and getting into a Business Management career:
– You will gain an excellent grasp of the realities of the business world.
– You will find out about the Value of teamwork.
– You will learn the best ways to manage people.
– You will learn about entrepreneurship.
– You will be able to integrate your business management understanding and skills with a series of other skills in order to pursue different career paths.
– You will learn more about numerous elements of running your very own business.
– You will gain a better understanding of exactly what to get out of staff members.
– You will discover more about organizations and how they are structured.
– You will find out ways to communicate better on a professional level.
Learn how to make a business succeed!
This programme hits the spot if you have ambitions of managing a business and its financial resources.
Excellent business management is vitally important for a company’s industrial success. In this ICB program, you’ll find out about business and monetary management best practices, office and legal practice, personnel management, computer system literacy, international business technique and research techniques in commerce.
Your very first credentials in just 3 topics
You can attain the ICB Business Management: Foundation Level after finishing simply 3 topics (and accomplish the National Certificate: Small Business Financial Management). Continue your studies to advance to the Intermediate and Advanced Levels, and their associated nationally recognized 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 Expert, Sales Assistant.
Exactly what I’ll be able to do
Demonstrate an understanding of the paperwork, processing and recording of a business’s monetary transactions. Communicate successfully with the business stakeholders. Show that you understand exactly what it indicates to be a basic supervisor. Expense and rate products and handle working capital. Run a computer.
( NQF L5 – SAQA ID 23619, total cumulative credits: 240).
National Certificate: Small Business Financial Management (should consist of the 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 Manager, Field/Floor/Store/ Department Supervisor, Customer support Supervisor.
Exactly what I’ll be able to do
Handle your diary and work schedule as a manager. Run efficiently as a general office supervisor of a business. Apply marketing, law, PR, and economics concepts in business. Prepare and interpret monetary declarations and reports. Work efficiently with the HR and labour relations departments. Apply business growth principles for local and global expansion.
( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).
Higher Certificate: Office Administration (must 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 brief dissertation, subject: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (through SAIBA if you meet their requirements).
Field/Floor/Store/ Department Manager, Key Account Manager, Business Manager, Business Specialist, Business Advisor, Service or Sales Supervisor.
What I’ll have the ability to do
Work with management information systems at a business level. Prepare a business for internal/external audit. Apply concepts of strategic intent and tactical thinking in a global business environment. Apply managerial finance and control principles in a commercial environment. Prepare and translate monetary statements and reports in accordance with IFRS.
Test Dates and Venues
Class students: The majority of the colleges hold examinations 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 approved 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 extraordinary tool to assist you study. Do not leave it to the eleventh hour or you’ll really 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 pick he subjects, exam dates and areas for your assessments, and send your test entry together with the required charge. All trainees will get an e-mail validating their examination entries.
How does ICB examination work?
When you sign up to study an ICB course, you’ll also have to register to be analyzed for it. This is so that they can identify at the end of it whether you understand and comprehend the course material well enough to pass. Each ICB program is designed to have particular outcomes. These outcomes are things that you will be able to do and understand as a result of your studies. This is the most essential part of the ICB evaluation policy.
Each result needs a certain quantity of time for you to attain 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 considered to be the time taken by the typical student to attain the specified knowing outcomes.
Exactly what occurs if I fail my ICB exam?
Don’t worry if you do not pass first time, you can get a 2nd possibility, With an ICB Re-Assesment If you are examined as ‘not yet competent’ 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 required– the exam counts totally to your grade).
You must finish the re-assessment within 12 months of your initial summative evaluation date. We do recommend you compose your re-assessments as quickly as you can, as subject material does change. If you miss your re-assessment, or you are ‘not yet skilled’ in it, you can’t renovate it. You will need to return to for the subject and start 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 subject.
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?
Take a look at 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 entire PoE and fill in details where you are asked to.
What’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your essential introduction of studying your ICB subject!
Your ICB Administration Guide informs you precisely what to do throughout your ICB research studies. It goes over ways to complete your PoE, and contains great deals of types you need to finish.
Overcome 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 Assignments and 2 Tests that help you to examine your knowledge during your studies.
Distance learning students will find ICB Tests and Projects in their PoE when it gets here.
Classroom-based trainees will get their ICB Projects in their Portfolios, and their ICB Tests will be used by their lecturers during their research studies.
You’ll likewise find blank response books in your PoE for you to compose the answers to your ICB Tests and Projects in.
Why is my PoE so vital?
The ICB finding experience is distinct– our scholastic group has actually produced it to use you the best possible possibility of learning successfully and passing your subject the first time.
Nevertheless it’s not almost passing the test Our method ensures you get a deep and extensive understanding of your course items.
So you don’t merely get a qualification– you gain skills that you can make use of in your job from day 1.
When do I hand in my PoE?
A few days before your last examination, go through the checklist in your ICB Portfolio Administration Guide and ensure you have in fact done and included everything. Make a copy of our entire PoE as a backup.
Take your finished PoE to your last test. You’ll hand it there in.
Your Last test
When you have finished composing your last exam, you must include the exam concern and response documents 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 for additional information.
Missed your exam?
If you did not attend your exam, and did not postpone it in time, you’ll have to begin 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 simple. 30% of your final mark comes from the activities and evaluations you carry out throughout your course. Your Portfolio of Evidence (PoE) is a folder offered to you at the start of the course, as soon as you have actually signed up for an examination with the ICB. You’ll need to put any projects given to you along with the tests you take in it. Your PoE is complete when your last assessment is added to it at the end of your course.
Your final examination 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 inspect to see if you truly understand your stuff. You’ll need to get at least 50% for this exam to pass, regardless of your overall mark.
This does not suggest that you can slack with your activities and examinations throughout your studies, as they completely prepare you for the final assessment, as well as supply evidence of the effort you’ve.
Exactly what happens if I need to postpone an assessment?
Should you need to postpone 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 postponement cost. There are cut-offs for these for each assessment cycle so make sure you ask for a post ponement in time.
If you need to postpone your examination because you’re ill on the day, you can apply for a complimentary post ponement (include a doctor’s certificate with your demand), which may be issued at the ICB’s discretion. Examination for topics can be postponed once only if we have gotten your post ponement fee in time.
Outcomes are launched about 7 weeks after your examination. See the ICB exam schedules for outcomes release dates.
Distance learning trainees will be able to get their outcomes on the Student Portal, and they will also be emailed to you.
Register with a professional body
If you have in fact completed a full accreditation, you can apply to register with a professional body like the ICBA.
What I can do with my ICB qualifications
In addition to making you attractive to employers and customers, your ICB qualifications can also lead you to these chances:
Study even more with the ICB
Accredited, trustworthy 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 employers, and our graduates are recognised in your area and worldwide by several professional bodies. ICB qualifications are modular, which indicates you can build on them as your studies or career development. You can likewise qualify in another programme just by finishing a couple of more subjects. See the table on page 7 for more.
Discover a job
In association with CareerJunction, South Africa’s hugely popular job website, you can search and apply for monetary and admin positions at www.icb.org.za/careers
Study further in other places with credit for your ICB certification
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are appreciated, international, 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 qualification 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, development and excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study further through ACCA. You will get approximately 6 exemptions to advance your studies to becoming a Chartered Certified Accountant with ACCA.
Chartered Secretaries Southern Africa provides a number of professional qualifications in this particular field of business governance, and grants exemptions for certain ICB topics.
Professional Membership Opportunities
Once you’ve completed your studies through the ICB, there are several local and global professional bodies that you can apply to for professional membership.
The ICBA is the sis organisation of the ICB and grants membership … at a variety of levels based upon your credentials(s) and work experience. The ICBA recognises all the ICB’s existing qualifications, as well as other appropriate qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are also recognised, as long as they have been examined by SAQA.
If you want to sign up as a tax professional, you’ll need to end up being 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 should update this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has several other membership requirements– please contact them for details.
Last Updated : June 28 2017