Why Study Business Management courses in South Africa?
The goals of any business may consist of making a profit, maintaining stability, and producing job opportunity. People who study business courses are given the possibility to learn about managing businesses of various sizes. They also learn more about the relationships in between businesses 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 provides a fully certified business management course programme.
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 use to integrate both Professional Membership along with Education and Training. Nevertheless, academic policies and laws recently made these bodies split those functions.
Hence, 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 entirely managing Academics, is an acknowledged Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Funding, Accounting, Management Consulting and other Financial Services).
This suggests that the ICB is authorized by FASSET to recognize training business. Work as the evaluation (exams) body for the ICB courses, used by training business certified by them.
Presently the QCTO (the Quality Council for Trades and Occupations) is 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 information of the accreditation process in the future. Both FASSET and the QCTO are bodies established in terms of an Act of Parliament.
The ICB, under authority of FASSET (and quickly under authority of the QCTO), is liable 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 recognized by SAQA as a Professional Body and for the registration of 7 professional classifications on the National Qualifications Framework (NQF).
Generally a trainee 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 capability to get Membership.
The main objective of the ICBA is to provide 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 Membership of the ICBA.
What are the benefits of studying business management courses in South Africa?
Management requires a broad skill set that can benefit you in any working environment. Here are a few of the advantages of studying business management in South Africa:
– You will gain a good grasp of the truths of the business world.
– You will learn more about the Importance of teamwork.
– You will learn how to manage people.
– You will learn about entrepreneurship.
– You will have the ability to combine your business management knowledge and abilities with a variety of other skills in order to pursue various career paths.
– You will learn more about numerous elements of running your very own business.
– You will acquire a much better understanding of exactly what to expect from employees.
– You will discover more about companies and how they are structured.
– You will discover how to interact more effectively on a professional level.
Where will I have the ability to work?
All businesses need qualified people in management. The following kinds of businesses are basic examples:
– Production businesses
– Service companies
– Logistics and Supply Chain Supervisor Banks.
– Own business.
– Business Analyst.
– Operations Supervisor General Supervisor.
– Compliance Officer.
– Management Expert.
Find out how to make a business be successful!
This program hits the spot if you have ambitions of managing a business and its financial resources.
Good business management is critically important for a company’s industrial success. In this ICB program, you’ll learn about business and financial management best practices, office and legal practice, human resource management, computer literacy, global business strategy and research study techniques in commerce.
Your first credentials in just 3 subjects.
You can attain the ICB Business Management: Foundation Level after finishing just 3 topics (and accomplish the National Certificate: Small Business Financial Management). Continue your research studies to progress 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, customer relations. Junior Researcher, Junior Expert, Sales Assistant.
What I’ll be able to do.
Show an understanding of the paperwork, processing and recording of a business’s financial transactions. Interact efficiently with the business stakeholders. Show that you understand what it indicates to be a general manager. Expense and price products and manage working capital. Operate a computer. This is the first part of Business Management courses in South Africa through ICB.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (need to 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 Supervisor, Labour Relations Manager, Field/Floor/Store/ Department Manager, Customer Service Supervisor.
What I’ll be able to do.
Manage your diary and work schedule as a supervisor. Run efficiently as a basic office manager of a business. Apply marketing, law, PR, and economics concepts in business. Draw up and interpret financial declarations and reports. Work efficiently with the HR and labour relations departments. Apply business growth principles for local and international growth. This is the second part of Business Management courses in South Africa through ICB .
( 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 study Theory and Practice (by brief dissertation, subject: Business Management) (RTAP).
What my title can be.
Financial Accountant, Accounting Officer (by means of SAIBA if you fulfill their requirements). Field/Floor/Store/ Department Manager, Secret Account Manager, Business Supervisor, Business Expert, Business Consultant, Service or Sales Manager.
What I’ll have the ability to do.
Deal with management info systems at a corporate level. Prepare a business for internal/external audit. Apply principles of strategic intent and tactical thinking in a worldwide business environment. Apply managerial finance and control concepts in a business environment. Draw up and interpret financial statements and reports in accordance with IFRS. This is the final part of Business Management courses in South Africa through ICB .
You can begin today!
Test Dates and Venues.
Class trainees: The majority of the colleges hold exams on-site monthly, so examine exactly what your college’s schedule is.
Distance learning trainees can go into 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 evaluations charges as early as possible, so we can send you your PoE ASAP. Your PoE is an unbelievable tool to help you study. Do not leave it to the eleventh hour or you’ll truly be disadvantaging yourself!
Get in for an ICB examination.
Class trainees will do this through their colleges.
Distance learning students will enter upon the ICB Trainee Portal online.
Select your qualifications initially. Then select he subjects, test dates and areas for your evaluations, and send your test entry along with the needed charge. All trainees will get an e-mail confirming their assessment entries.
How does ICB examination work?
When you sign up to study an ICB course, you’ll also need to sign up to be analyzed for it. This is so that they can figure out at the end of it whether you understand and understand the course product all right to pass. Each ICB program is developed to have specific outcomes. These outcomes are things that you will have the ability to do and understand as a result of your research studies. This is the most essential 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 learning hours are thought about to be the time taken by the average trainee to achieve the defined knowing results.
Exactly what happens if I fail my ICB exam?
Do not worry if you do not pass very first time, you can get a second opportunity, With an ICB Re-Assesment If you are assessed as ‘not yet skilled’ in a topic (you did not pass it), you will have a possibility to compose one re-assessment, which is just a summative last test with a pass mark of 60% (no PoE needed– the examination counts fully towards your grade).
You need to complete 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 material does alter. If you miss your re-assessment, or you are ‘not yet qualified’ in it, you can’t renovate it. You will have 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 examination entry for a specific topic.
How many Portfolios will I get?
You’ll get one PoE per subject per examination. Each PoE is personalized to that particular subject. Distance learning trainees will get their Portfolios directly.
What must I do when I get my PoE?
Take a look at that your individual information on the cover are right. Let you’re your college/the ICB understand As Soon As Possible if anything is wrong.
Go through the whole PoE and fill in information where you are asked to.
What’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your essential overview of studying your ICB topic!
Your ICB Administration Guide informs you exactly what to do throughout your ICB research studies. It discusses ways to complete your PoE, and includes great deals of types you need to end up.
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 assist you to examine your knowledge throughout your studies.
Distance learning students 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 used by their lecturers throughout their research study studies.
You’ll also find blank answer books in your PoE for you to compose the answers to your ICB Tests and Tasks in.
Why is my PoE so crucial?
The ICB discovering experience is unique– our scholastic team has actually created it to provide you the very best possible possibility of learning successfully and passing your topic the first time.
However it’s not almost passing the test Our method guarantees you get a deep and substantial understanding of your course items.
So you don’t merely get a certification– you acquire skills that you can utilize in your task from day 1.
When do I hand in my PoE?
A number of days before your last assessment, go through the checklist in your ICB Portfolio Administration Guide and make certain you have actually 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 Final test.
When you have completed composing your final exam, you must consist of the examination concern and response documents 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.
Sick on test 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 examination, and did not postpone it in time, you’ll need to start the topic over by returning to for the exam and getting a new PoE.
Everything You Need To Know
Wondering how you ICB course will be graded? It’s easy. 30% of your last mark originates from the activities and examinations you undertake during 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 need to put any tasks provided to you along with the tests you take in it. Your PoE is total when your last assessment is contributed to it at the end of your course.
Your final evaluation will count for the remaining 70%– this is your examination. You will need to include it in your PoE, which an ICB-registered assessor will then check to see if you truly know your stuff. You’ll need to get at least 50% for this test to pass, despite your total mark.
This doesn’t mean that you can slack with your activities and evaluations throughout your research studies, as they totally prepare you for the last evaluation, as well as offer evidence of the hard work you have actually.
What takes place if I need to delay an assessment?
Ought to you need to delay your ICB examinations then you will need to inspect the Assessment Timetables to see when you need to submit posts ponement by and pay a postponement charge. There are cut-offs for these for each assessment cycle so make sure you request a postponement in time.
If you need to delay your assessment since you’re ill on the day, you can apply for a free postponement (include a medical professional’s certificate with your request), which may be released at the ICB’s discretion. Evaluation for topics can be held off once only if we have actually gotten your post ponement fee in time.
Results are released about 7 weeks after your evaluation. See the ICB examination schedules for outcomes release dates.
Distance learning trainees will be able to get their results on the Student Website, and they will also be emailed to you.
Register with an expert body
If you have in fact ended up a complete certification, you can apply to sign up with an expert body like the ICBA.
Exactly what I can do with my ICB qualifications
In addition to making you appealing to companies and clients, your ICB qualifications can also lead you to these opportunities:
Study further with the ICB
Accredited, reliable and recognised qualifications
All ICB qualifications are registered on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programmes are valued by employers, and our graduates are identified in your area and worldwide by a number of professional bodies. ICB qualifications are modular, which implies you can build on them as your research studies or career progress. You can also certify in another programme simply by completing a couple of more subjects. See the table on page 7 for more.
Discover a Job
In association with CareerJunction, South Africa’s extremely popular task site, you can search and apply for financial and admin positions at www.icb.org.za/careers
Study even more somewhere else with credit for your ICB qualification
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Qualified Accounting professionals (ACCA) are respected, international, accounting expert bodies – locateded 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 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, development and excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can study further through ACCA. You will receive up to 6 exemptions to enhance your studies towards becoming a Chartered Qualified Accountant with ACCA.
Chartered Secretaries Southern Africa offers numerous expert qualifications in this specific field of corporate governance, and grants exemptions for certain ICB subjects.
Professional Membership Opportunities
Once you have actually finished your studies through the ICB, there are numerous regional and worldwide expert bodies that you can apply to for expert membership.
The ICBA is the sibling organisation of the ICB and grants membership … at a variety of levels based upon your qualification(s) and work experience. The ICBA recognises all the ICB’s existing qualifications, in addition to other pertinent qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are also recognised, as long as they have been assessed by SAQA.
If you wish to register 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 register with SAIT with the FET Certificate: Bookkeeping qualification should upgrade this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has several other membership requirements– please call them for information.
Last Updated: July 25th, 2017