What is inside the ICB Business Management brochure?
The objectives of any business may consist of earning a profit, maintaining stability, and producing job opportunity. Individuals who study business courses are given the possibility to learn about managing companies of numerous sizes. They also learn more about the relationships between organisations and the communities that they serve. Studying a business management course might help you on your way to becoming a leader in business environment. The ICB uses a completely certified business management course program.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has really existed since 1931. In South Africa the functions of professional bodies use to integrate both Professional Membership as well as Education and Training. However, academic policies and laws in recent years made these bodies split those functions.
Hence, 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 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 Providers).
This suggests that the ICB is licensed by FASSET to acknowledge training companies. Work as the assessment (exams) body for the ICB courses, utilized by training companies certified by them.
Presently the QCTO (the Quality Council for Trades and Occupations) remains in the process of handling the obligation for all SETAs. That implies that FASSET “falls under” the QCTO. This might have some effect 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 quickly under authority of the QCTO), is responsible 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, together with working experience, and staying with a professional guideline, have the ability to obtain Membership.
The primary goal 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.
Where will I be able to work?
All businesses require qualified people in management.
The list below kinds of organisations are general examples:
– Manufacturing companies
– Service organizations
– Logistics and Supply Chain Supervisor Banks.
– Own business.
– Business Analyst.
– Operations Manager General Manager.
– Compliance Officer.
– Management Expert.
Exactly what are the advantages of studying business management?
Management involves a broad capability that can benefit you in any workplace.
Here are some of the advantages of studying business management:
– You will get a good grasp of the truths of business world.
– You will discover the Value of team effort.
– You will find out how to handle people.
– You will discover entrepreneurship.
– You will be able to integrate your business management knowledge and abilities with a series of other abilities in order to pursue various career courses.
– You will find out about various aspects of running your own business.
– You will get a much better understanding of exactly what to anticipate from workers.
– You will learn more about companies and how they are structured.
– You will learn how to engage better on a professional level.
Find out ways to make a business be successful!
This program hits the spot if you have ambitions of managing a business and its finances.
Excellent business management is vitally important for a business’s commercial success. In this ICB program, you’ll find out about business and financial management best practices, office and legal practice, human resource management, computer literacy, worldwide business method and research approaches in commerce.
Your first credentials in just 3 subjects
You can accomplish the ICB Business Management: Foundation Level after completing simply 3 topics (and achieve the National Certificate: Small Business Financial Management). Continue your studies to progress 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 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 paperwork, processing and recording of a business’s financial deals. Interact successfully with the business stakeholders. Program that you know exactly what it suggests to be a general manager. Expense and price products and handle working capital. Operate a computer.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (should include 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 Supervisor, Labour Relations Supervisor, Field/Floor/Store/ Department Supervisor, Client service Manager.
Exactly what I’ll be able to do
Manage your diary and work schedule as a manager. Operate efficiently as a basic office supervisor of a business. Apply marketing, law, PR, and economics principles in business. Prepare and analyze financial declarations and reports. Work effectively with the HR and labour relations departments. Apply business development concepts for regional and worldwide expansion.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Higher Certificate: Office Administration (should 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 short argumentation, topic: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (via SAIBA if you fulfill their requirements). Field/Floor/Store/ Department Manager, Key Account Supervisor, Business Manager, Business Expert, Business Advisor, Service or Sales Manager.
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 principles of tactical intent and tactical thinking in a global business environment. Apply managerial finance and control concepts in an industrial environment. Draw up and interpret financial statements and reports in accordance with IFRS.
Test Dates and Venues
Class trainees: Most of the colleges hold exams on-site monthly, so check exactly what your
college’s schedule is.
Distance learning trainees can get in the ICB tests in February, May, July, September and November. Tests happen at the ICB approved evaluation centres around southern Africa.
Pay your ICB registration and assessments fees 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!
Get in for an ICB exam
Class students will do this through their colleges.
Distance learning students will enter upon the ICB Student Portal online.
Select your qualifications initially. Then pick he topics, exam dates and locations for your examinations, and send your test entry together with the needed fee. 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 taken a look at 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 programme is designed 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 vital part of the ICB evaluation policy.
Each outcome needs a specific quantity of time for you to attain it. These hours are represented by credits. As defined by the South African Qualifications Authority (SAQA), and the ICB assessment policy, 1 credit equals 10 notional hours. Notional knowing hours are thought about to be the time taken by the average trainee to attain the specified knowing outcomes.
What occurs if I fail my ICB exam?
Don’t panic if you do not pass first time, you can get a second chance, With an ICB Re-Assesment If you are assessed as ‘not yet proficient’ in a topic (you did not pass it), you will have an opportunity to write one re-assessment, which is just a summative final exam with a pass mark of 60% (no PoE needed– the exam counts totally towards your grade).
You must finish the re-assessment within 12 months of your initial summative evaluation date. We do advise you write your re-assessments as soon as you can, as subject material does change. If you miss your re-assessment, or you are ‘not yet competent’ in it, you cannot renovate it. You will have to return to for the subject and begin it over by finishing a 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 subject.
How many Portfolios will I get?
You’ll get one PoE per subject per exam. Each PoE is customized to that particular subject.
Distance learning students 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 ASAP if anything is wrong.
Go through the entire PoE and fill in information 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 talks about ways to finish your PoE, and contains lots of types you have to end up.
Conquer 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 topic, the ICB sets 3 Projects and 2 Tests that help you to assess your knowledge throughout your studies.
Distance learning trainees will discover 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 offered 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 important?
The ICB finding experience is unique– our scholastic team has actually created it to provide you the best possible chance of discovering effectively and passing your topic the first time.
However it’s not practically passing the test Our technique guarantees you get a deep and comprehensive understanding of your course products.
So you do not merely get a certification– you acquire abilities that you can make use of in your task from day 1.
When do I hand in my PoE?
A couple of days before your last examination, go through the checklist in your ICB Portfolio Administration Guide and make certain you have really done and consisted of everything. Make a copy of our whole PoE as a backup.
Take your ended up PoE to your last test. You’ll hand it there in.
Your Final test
When you have actually completed composing your last exam, you should include the exam question 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.
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 for more information.
Missed your exam?
If you did not attend your exam, and did not postpone it in time, you’ll need to begin the topic over by re-entering for the exam and getting a new PoE.
Everything You Had to Know
Wondering how you ICB course will be graded? It’s easy. 30% of your last mark originates from the activities and assessments you carry out during your course. Your Portfolio of Evidence (PoE) is a folder provided to you at the start of the course, once you’ve signed up for an evaluation with the ICB. You’ll need to put any projects offered to you in addition to 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 assessment will count for the remaining 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 general mark.
This does not imply that you can slack with your activities and assessments throughout your studies, as they fully prepare you for the last assessment, as well as provide evidence of the hard work you have actually.
What happens if I need to delay an evaluation?
Need to you need to delay your ICB exams then you will have to check the Assessment Timetables to see when you need to submit posts ponement by and pay a post ponement charge. There are cut-offs for these for each evaluation cycle so make sure you ask for a post ponement in time.
If you need to postpone your evaluation due to the fact that you’re ill on the day, you can apply for a free post ponement (consist of a medical professional’s certificate with your request), which might be provided at the ICB’s discretion. Assessment for subjects can be held off once only if we have actually gotten your post ponement cost in time.
Outcomes are released about 7 weeks after your examination. See the ICB exam timetables for outcomes release dates.
Distance learning trainees will have the ability to get their outcomes on the Student Website, and they will also be emailed to you.
Register with a professional body
If you have really ended up a complete certification, you can apply to join a professional body like the ICBA.
Exactly what I can do with my ICB qualifications
As well as making you appealing to companies and clients, your ICB qualifications can likewise lead you to these opportunities:.
Study further with the ICB
Accredited, credible and recognised qualifications.
All ICB qualifications are registered on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programs are valued by companies, and our graduates are recognised locally and globally by several professional bodies. ICB qualifications are modular, which indicates you can build on them as your studies or career progress. You can likewise certify in another programme just by completing a couple of more topics. See the table on page 7 for more.
Discover a task
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 further elsewhere 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 – locateded in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB provides.
CIMA uses training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials can apply to CIMA for approximately 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 as much as 6 exemptions to enhance your studies to becoming a Chartered Certified Accountant with ACCA.
Chartered Secretaries Southern Africa offers a number of professional qualifications in this particular field of corporate governance, and grants exemptions for certain ICB subjects.
Professional Membership Opportunities
When you’ve finished your studies through the ICB, there are a number of 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 acknowledges all the ICB’s present qualifications, as well as other pertinent qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are also identified, as long as they have been assessed by SAQA.
If you wish to sign up as a tax professional, you’ll need to become a member of SAIT. SAIT identifies the ICB’s FET Certificate: Bookkeeping, and the National Diploma: Technical Financial Accounting qualifications. Trainees who register with SAIT with the FET Certificate: Bookkeeping credentials need to upgrade this to the National Diploma: Technical Financial Accounting within a year of ending up being a member. SAIT has several other membership requirements– please call them for details.
Last Updated : June 27 2017