Why Study Business Administration courses in South Africa?
The objectives of any business may include earning a profit, preserving stability, and producing employment opportunities. People who study business courses are offered the chance to learn about managing businesses of different sizes. They also learn about the relationships in between businesses and the communities that they serve. Studying a business administration course may assist you on your way to becoming a leader in business environment. The ICB uses a completely certified business administration course program.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has actually existed due to the fact that 1931. In South Africa the functions of professional bodies use to incorporate both Professional Membership in addition to Education and Training. However, scholastic 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 handling Academics, is a recognized 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 licensed by FASSET to acknowledge training business. Function as the assessment (exams) body for the ICB courses, used by training companies certified by them.
Presently the QCTO (the Quality Council for Trades and Occupations) remains in the process of managing the responsibility for all SETAs. That suggests that FASSET “falls under” the QCTO. This may have some effect on the details 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 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).
Normally a trainee would study ICB qualifications, and on the strength of their qualifications, in addition to working experience, and adhering to a professional standard procedure, have the ability to obtain Membership.
The primary goal of the ICBA is to supply 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 Trainee Subscription of the ICBA.
What are the advantages of studying business administration courses in South Africa?
Management entails a broad capability that can benefit you in any workplace.
Here are a few of the benefits of studying business administration in South Africa:
– You will gain a good grasp of the truths of business world.
– You will learn about the Importance of teamwork.
– You will find out ways to manage individuals.
– You will learn about entrepreneurship.
– You will be able to combine your business administration understanding and abilities with a series of other abilities in order to pursue various career paths.
– You will learn about various aspects of running your own business.
– You will get a much better understanding of exactly what to expect from staff members.
– You will discover more about organizations and how they are structured.
– You will discover how to connect more effectively on a professional level.
Where will I have the ability to work?
All businesses need qualified people in administration.
The following types of businesses are basic examples:
– Production businesses
– Service companies
– Logistics and Supply Chain Manager Banks.
– Own business.
– Business Analyst.
– Operations Supervisor General Supervisor.
– Compliance Officer.
– Management Expert.
Learn ways to make a business prosper!
This programme hits the spot if you have ambitions of managing a business and its finances.
Good business administration is critically important for a company’s business success. In this ICB program, you’ll learn about business and financial administration best practices, office and legal practice, human resource management, computer literacy, global business technique and research approaches in commerce.
Your very first qualification in just 3 subjects
You can achieve the ICB Business Administration: Foundation Level after completing just 3 subjects (and attain the National Certificate: Small Business Financial Administration). Continue your studies to advance to the Intermediate and Advanced Levels, and their associated nationally recognized qualifications.
Small Business Financial Administration
( 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, client relations. Junior Researcher, Junior Analyst, Sales Assistant.
What I’ll be able to do
Show an understanding of the paperwork, processing and recording of a business’s financial deals. Interact effectively with business stakeholders. Program that you understand what it indicates to be a general manager. Expense and cost products and manage working capital. Run a desktop computer.
( NQF L5 – SAQA ID 23619, total cumulative credits: 240).
National Certificate: Small Business Financial Management (should include 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 Supervisor, Human Resources Manager, Labour Relations Supervisor, Field/Floor/Store/ Department Manager, Customer support Manager.
Exactly what I’ll be able to do
Manage your journal and work schedule as a supervisor. Operate effectively as a basic office supervisor of a business. Apply marketing, law, PR, and economics principles in business. Prepare and translate financial statements and reports. Work effectively with the HR and labour relations departments. Apply business development principles for regional and global expansion.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Higher Certificate: Office Administration (must 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 brief dissertation, subject: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (by means of SAIBA if you meet their criteria). Field/Floor/Store/ Department Supervisor, Secret Account Manager, Business Supervisor, Business Specialist, Business Consultant, Service or Sales Supervisor.
Exactly what I’ll have the ability to do
Work with management details systems at a business level. Prepare a business for internal/external audit. Apply concepts of tactical intent and tactical thinking in a worldwide business environment. Apply supervisory finance and control concepts in a business environment. Prepare and interpret financial declarations and reports in accordance with IFRS.
Test Dates and Venues
Class students: The majority of the colleges hold exams on-site monthly, so examine exactly what your college’s schedule is.
Distance learning students can go into the ICB tests in February, May, July, September and November. Tests take place at the ICB approved assessment 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 help you study. Do not leave it to the eleventh hour or you’ll really be disadvantaging yourself!
Enter 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 topics, exam dates and areas for your examinations, and send your test entry together with the needed cost. All trainees will get an e-mail confirming their examination entries.
How does ICB examination work?
When you register to study an ICB course, you’ll also have to register to be examined for it. This is so that they can figure out at the end of it whether you know and understand the course material all right to pass. Each ICB program is developed to have particular results. 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 assessment policy.
Each outcome requires a certain amount of time for you to achieve 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 average student to accomplish the defined knowing results.
Exactly what takes place if I fail my ICB exam?
Don’t panic if you do not pass very first time, you can get a 2nd opportunity, With an ICB Re-Assesment If you are assessed as ‘not yet qualified’ in a subject (you did not pass it), you will have an opportunity to write one re-assessment, which is just a summative last exam with a pass mark of 60% (no PoE required– the exam counts fully towards your grade).
You should complete the re-assessment within 12 months of your original summative evaluation date. We do advise you compose your re-assessments as soon as you can, as subject material does change. If you miss your re-assessment, or you are ‘not yet skilled’ in it, you cannot renovate it. You will need 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 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 personalized to that specific topic.
Distance learning students will get their Portfolios directly.
Exactly what must I do when I get my PoE?
Take a look at that your specific information on the cover are right. Let you’re your college/the ICB comprehend As Soon As Possible if anything is wrong.
Go through the whole 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 topic!
Your ICB Administration Guide informs you precisely what to do throughout your ICB research studies. It goes over ways to complete your PoE, and includes 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 assist you to evaluate your understanding 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 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 important?
The ICB discovering experience is distinct– our scholastic group has actually created it to provide you the best possible chance of finding out effectively and passing your topic the very first time.
Nevertheless it’s not nearly passing the test Our method guarantees you get a deep and substantial understanding of your course products.
So you don’t just get a credentials– you acquire skills that you can utilize in your job from day 1.
When do I hand in my PoE?
A few days before your last examination, go through the list in your ICB Portfolio Administration Guide and make sure 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 finished composing your last exam, you must consist of the exam question 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 actually 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 more details.
Missed your exam?
If you did not attend your exam, and did not postpone it in time, you’ll need to start the subject over by re-entering 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 comes from the activities and examinations you carry out during your course. Your Portfolio of Evidence (PoE) is a folder given to you at the start of the course, once you have actually registered for an evaluation with the ICB. You’ll have to put any tasks provided to you along with the tests you take in it. Your PoE is complete when your final evaluation 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 examine to see if you truly know your stuff. You’ll have to get at least 50% for this exam to pass, regardless of your overall mark.
This does not imply that you can slack with your activities and evaluations during your studies, as they fully prepare you for the last assessment, and also provide evidence of the hard work you have actually.
Exactly what happens if I have to delay an evaluation?
Should you have to delay your ICB exams then you will have to check the Evaluation 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 delay your evaluation because you’re ill on the day, you can apply for a free post ponement (include a physician’s certificate with your demand), which might be provided at the ICB’s discretion. Evaluation for topics can be postponed once only if we have gotten your postponement fee in time.
Results are released about 7 weeks after your examination. See the ICB exam schedules for
results launch dates.
Distance learning students will have the ability to get their results on the Student Portal, and they will also be emailed to you.
Register with a professional body
If you have really finished a complete certification, you can apply to sign up with a professional body like the ICBA.
Exactly what I can do with my ICB qualifications
As well as making you appealing to employers and clients, your ICB qualifications can likewise lead you to these chances:.
Study even more with the ICB
Accredited, respectable and acknowledged 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 recognised locally and globally by a number of professional bodies. ICB qualifications are modular, which indicates you can build on them as your studies or career development. You can also certify in another program just by completing a couple of more topics. See the table on page 7 for more.
Discover a job
In association with CareerJunction, South Africa’s hugely popular job site, you can search and apply for financial and admin positions at www.icb.org.za/careers.
Study further elsewhere 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 uses training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can apply to CIMA for as much as 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 excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study even more through ACCA. You will receive up to 6 exemptions to enhance your studies to ending up being a Chartered Certified Accountant with ACCA.
Chartered Secretaries Southern Africa offers a number of professional qualifications in this particular field of business governance, and grants exemptions for certain ICB topics.
Professional Membership Opportunities
Once you have actually completed your studies through the ICB, there are a number of 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 on your qualification( s) and work experience. The ICBA acknowledges all the ICB’s present qualifications, in addition to other pertinent qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are likewise recognised, as long as they have actually been assessed by SAQA.
If you wish to sign up as a tax specialist, you’ll have to end up being a member of SAIT. SAIT recognises 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 qualification must upgrade this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has numerous other membership requirements– please contact them for details.
Last Updated : June 22 2017