Why Study ICB Business Management courses in South Africa?
The goals of any business may consist of making 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 between businesses and the communities that they serve. Studying a business management course may help you on your way to becoming a leader in business environment. The ICB offers a fully certified 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 utilize to incorporate both Professional Membership in addition to Education and Training. Nevertheless, academic regulations and laws over the last few years made these bodies divided those functions.
Hence, the historical 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 (brand-new) ICB, that is the body exclusively dealing with Academics, is an acknowledged Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Financing, Accounting, Management Consulting and other Financial
This suggests that the ICB is authorized by FASSET to recognize training companies. Work as the assessment (exams) body for the ICB courses, utilized by training business
recognized by them.
Presently the QCTO (the Quality Council for Trades and Occupations) remains in the procedure of dealing with the responsibility for all SETAs. That indicates that FASSET “falls under” the QCTO. This may have some effect on the info of the accreditation process 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 responsible for the quality control 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).
Typically a trainee would study ICB qualifications, and on the strength of their qualifications, in addition to working experience, and staying with a professional guideline, have the ability to obtain Membership.
The main goal 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 student, you can get Trainee Subscription of the ICBA.
What are the advantages of studying ICB business management 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 management in South Africa:
– You will get an excellent grasp of the realities of the business world.
– You will learn about the Significance of team effort.
– You will learn how to handle individuals.
– You will learn about entrepreneurship.
– You will have the ability to combine your business management knowledge and abilities with a range of other skills in order to pursue various career courses.
– You will learn about various elements of running your own business.
– You will get a better understanding of what to expect from staff members.
– You will find out more about organizations and how they are structured.
– You will learn ways to engage more effectively on a professional level.
Where will I be able to work?
All businesses need qualified people in management.
The following types of businesses are general examples:
– Production businesses
– Service organizations
– Logistics and Supply Chain Manager Financial institutions.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Expert.
Learn ways to make a business prosper!
This program hits the spot if you have ambitions of managing a business and its finances.
Great business management is vitally important for a company’s commercial success. In this ICB program, you’ll learn about business and financial management finest practices, office and legal practice, human resource management, computer system literacy, global business strategy and research methods in commerce.
( NQF L4 – SAQA ID 48736, total 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 Analyst, Sales Assistant.
What I’ll have the ability to do
Demonstrate an understanding of the paperwork, processing and recording of a business’s financial transactions. Communicate efficiently with the business stakeholders. Program that you understand exactly what it means to be a general supervisor. Expense and price products and manage working capital. Operate a computer.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (need to include 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 Supervisor, Field/Floor/Store/ Department Supervisor, Customer Service Supervisor.
What I’ll be able to do
Handle your journal and work schedule as a supervisor. Operate efficiently as a basic office supervisor of a business. Apply marketing, law, PR, and economics principles in business. Prepare and interpret financial statements and reports. Work efficiently with the HR and labour relations departments. Apply business development principles for regional and worldwide 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 short argumentation, subject: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (through SAIBA if you fulfill their criteria). Field/Floor/Store/ Department Supervisor, Key Account Manager, Business Manager, Business Consultant, Business Advisor, Service or Sales Manager.
What I’ll be able to do
Deal with management details systems at a corporate level. Prepare a business for internal/external audit. Apply principles of strategic intent and strategic thinking in a worldwide business environment. Apply supervisory finance and control principles in an industrial environment. Draw up 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 what your college’s schedule is.
Distance learning students can enter the ICB tests in February, May, July, September and November. Tests occur at the ICB authorized evaluation centres around southern Africa.
Pay your ICB registration and examinations costs 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 really be disadvantaging yourself!
Go into for an ICB exam
Class students will do this through their colleges.
Distance learning students will enter upon the ICB Trainee Portal online.
Select your qualifications at first. Then choose he subjects, exam dates and areas for your assessments, and send your test entry in addition to the required cost. All students 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 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 product all right to pass. Each ICB program is developed to have specific outcomes. These results are things that you will have the ability to do and comprehend as a result of your studies. This is the most important part of the ICB evaluation policy.
Each result 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 assessment policy, 1 credit equals 10 notional hours. Notional learning hours are considered to be the time taken by the average student to achieve the specified learning outcomes.
What happens if I fail my ICB exam?
Don’t stress 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 skilled’ 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 needed– the exam counts fully to your grade).
You must finish the re-assessment within 12 months of your original summative assessment date. We do recommend 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 proficient’ in it, you cannot redo it. You will have to return to for the subject and start it over by completing 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 particular topic.
How many Portfolios will I get?
You’ll get one PoE per subject per exam. Each PoE is customized to that specific subject.
Distance learning trainees will get their Portfolios straight.
What must I do when I get my PoE?
Examine 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 whole PoE and fill in details 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 tells you exactly what to do throughout your ICB research studies. It talks about methods to complete your PoE, and contains lots of types you have to finish.
Overcome it step by step and follow all the directions in it, and you’ll be on track for success!
ICB Tests and projects
For each subject, the ICB sets 3 Projects and 2 Tests that help you to examine your knowledge throughout your studies.
Distance learning students 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 speakers during their research studies.
You’ll similarly find 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 finding experience is special– our scholastic group has produced it to offer you the best possible chance of learning effectively and passing your topic the first time.
Nevertheless it’s not almost passing the test Our method guarantees you get a deep and extensive understanding of your course products.
So you don’t simply get a qualification– 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 examination, go through the checklist 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 actually completed composing your final exam, you need to 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 handed it in.
Ill on exam day?
You can apply for a medical postponement and you’ll require 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 delay 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 Need 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 given to you at the start of the course, when you have actually signed up for an assessment with the ICB. You’ll have to put any assignments given to you along with the tests you take in it. Your PoE is total when your final assessment is added 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 understand your stuff. You’ll have to get at least 50% for this exam to pass, despite your general mark.
This does not indicate that you can slack with your activities and evaluations throughout your studies, as they fully prepare you for the final evaluation, and also offer evidence of the hard work you have actually.
What occurs if I have to delay an evaluation?
Must you need to postpone your ICB exams then you will have to check the Assessment Timetables to see when you have to send postponements by and pay a post ponement fee. There are cut-offs for these for each assessment cycle so make sure you ask for a post ponement in time.
If you have to delay your assessment due to the fact that you’re ill on the day, you can apply for a totally free postponement (include a physician’s certificate with your demand), which might be provided at the ICB’s discretion. Assessment for subjects can be postponed once only if we have received your post ponement charge in time.
Outcomes are launched about 7 weeks after your examination. See the ICB exam schedules for outcomes release dates.
Distance learning students will be able to get their results on the Trainee Portal, and they will similarly be emailed to you.
Register with a professional body
If you have actually ended up a full certification, you can apply to register with a professional body like the ICBA.
Exactly what I can do with my ICB qualifications
Along with making you attractive to employers and customers, your ICB qualifications can likewise lead you to these chances:.
Study even more with the ICB
Accredited, reputable 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 companies, and our graduates are acknowledged locally and internationally by a number of 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 programme just by finishing 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 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 credentials.
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are respected, global, accounting professional bodies – locateded 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 credentials 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, innovation and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can study further through ACCA. You will receive up to 6 exemptions to advance your studies to becoming a Chartered Certified Accountant with ACCA.
Chartered Secretaries Southern Africa offers a number of professional qualifications in this specific field of business governance, and grants exemptions for certain ICB subjects.
Professional Membership Opportunities
As soon as you have actually completed your studies through the ICB, there are a number of regional 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 on your credentials( s) and work experience. The ICBA acknowledges all the ICB’s current qualifications, along with other relevant qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are likewise recognised, as long as they have been assessed by SAQA.
If you want to sign up as a tax practitioner, you’ll need to become a member of SAIT. SAIT acknowledges the ICB’s FET Certificate: Bookkeeping, and the National Diploma: Technical Financial Accounting qualifications. Trainees who register with SAIT with the FET Certificate: Bookkeeping certification must upgrade this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has numerous other membership criteria– please contact them for information.
Last Updated : July 7 2017