Do you desire a Diploma in Business management?
The ICB offers a fully recognized business management courses that will give you your Diploma in business management.
Here are some of the qualifications you could get:
– National Certificate: Small Business Financial Management
– Higher Certificate: Office Administration
– National Diploma: Financial Accounting
Why Study for a Business Management diploma?
The objectives of any business may include making a profit, preserving stability, and producing employment opportunities. Individuals who study business courses are offered the chance to discover managing organisations of different sizes. They also learn more about the relationships in between businesses and the communities that they serve. Studying a business management course may assist you on your way to becoming a leader in the business environment.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has in fact existed since 1931. In South Africa the functions of professional bodies utilize to integrate both Professional Membership in addition to Education and Training. Nevertheless, scholastic regulations and laws in recent 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 entirely dealing with 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 Solutions).
This suggests that the ICB is authorized by FASSET to acknowledge training companies. Act as the evaluation (exams) body for the ICB courses, used by training business accredited by them.
Currently the QCTO (the Quality Council for Trades and Occupations) remains in the procedure of handling the responsibility for all SETAs. That implies that FASSET “falls under” the QCTO. This might have some effect on the details of the accreditation process in the future. Both FASSET and the QCTO are bodies developed in regards to an Act of Parliament.
The ICB, under authority of FASSET (and quickly under authority of the QCTO), is accountable 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 acknowledged 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, in addition to working experience, and sticking to a professional guideline, have the capability 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 Student Subscription of the ICBA.
Where will I be able to work after studying for a business management diploma?
All organisations need qualified people in management.
The list below kinds of companies are general examples:
– Manufacturing services
– Service organizations
– Logistics and Supply Chain Manager Banks.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Specialist.
Exactly what are the benefits of studying for a business management diploma?
Management requires a broad ability that can benefit you in any workplace.
Here are a few of the benefits of studying business management:
– You will acquire a great grasp of the realities of business world.
– You will find out about the Importance of team effort.
– You will learn ways to handle individuals.
– You will learn more about entrepreneurship.
– You will be able to combine your business management understanding and abilities with a variety of other abilities in order to pursue different career paths.
– You will discover various aspects of running your own business.
– You will acquire a better understanding of exactly what to expect from employees.
– You will discover more about organizations and how they are structured.
– You will find out ways to communicate more effectively on a professional level.
Discover ways to make a business be successful!
This programme hits the spot if you have ambitions of handling a business and its finances.
Great business management is critically important for a company’s business success. In this ICB program, you’ll learn about business and financial management best practices, office and legal practice, human resource management, computer system literacy, international business technique and research methods in commerce.
Your first qualification in just 3 topics
You can accomplish the ICB Business Management: Foundation Level after completing simply 3 subjects (and achieve the National Certificate: Small Business Financial Management). Continue your studies to advance 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 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 Scientist, Junior Expert, Sales Assistant.
What I’ll be able to do
Show an understanding of the documents, processing and recording of a business’s financial deals. Communicate successfully with the business stakeholders. Show that you know what it implies to be a basic supervisor. Cost and rate products and manage working capital. Operate a personal computer.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (should consist of 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 Manager, Customer Service Manager.
Exactly what I’ll have the ability to do
Handle your diary and work schedule as a manager. Operate effectively as a basic office manager of a business. Apply marketing, law, PR, and economics principles in business. Draw up and interpret financial statements and reports. Work efficiently with the HR and labour relations departments. Use business growth principles for local and global growth.
( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).
Higher Certificate: Office Administration (should 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, Key Account Supervisor, Business Supervisor, Business Consultant, Business Advisor, Service or Sales Manager.
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 principles of strategic intent and strategic thinking in a worldwide business environment. Apply supervisory finance and control principles in a commercial environment. Prepare and interpret monetary declarations 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 occur at the ICB approved evaluation centres around southern Africa.
Pay your ICB registration and evaluations 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 truly be disadvantaging yourself!
Get in for an ICB exam
Class students will do this through their colleges.
Distance learning trainees will enter upon the ICB Student Website online.
Select your qualifications initially. Then pick he subjects, exam dates and areas for your evaluations, and send your test entry together with the needed charge. 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 likewise need to register to be taken a look at for it. This is so that they can determine at the end of it whether you know and understand the course product all right to pass. Each ICB program is designed to have specific outcomes. These results are things that you will have the ability to do and understand as a result of your studies. This is the most crucial part of the ICB assessment policy.
Each outcome requires a certain quantity 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 assessment policy, 1 credit equals 10 notional hours. Notional learning hours are thought about to be the time taken by the typical student to accomplish the specified learning results.
What occurs if I fail my ICB exam?
Do not panic if you do not pass first time, you can get a second chance, With an ICB Re-Assesment If you are evaluated as ‘not yet proficient’ in a subject (you did not pass it), you will have a chance to write one re-assessment, which is just a summative final exam with a pass mark of 60% (no PoE needed– the exam counts completely towards your grade).
You must finish the re-assessment within 12 months of your initial summative assessment date. We do recommend you compose your re-assessments as soon as you can, as subject content does change. If you miss your re-assessment, or you are ‘not yet proficient’ in it, you cannot renovate it. You will need to re-enter for the subject and begin 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 subject.
How many Portfolios will I get?
You’ll get one PoE per subject per exam. Each PoE is customized to that specific topic. Distance learning trainees will get their Portfolios straight.
What must I do when I get my PoE?
Analyze that your private info 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 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 includes lots of types you have to finish.
Conquer it step by step and follow all the instructions in it, and you’ll be on track for success!
ICB Tests and projects
For each topic, the ICB sets 3 Assignments and 2 Tests that assist you to examine your understanding throughout your studies.
Distance learning trainees will find ICB Tests and Assignments 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 speakers throughout their research studies.
You’ll also 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 group has produced it to use you the best possible opportunity of finding out effectively and passing your topic the first time.
Nevertheless it’s not almost passing the test Our method guarantees you get a deep and substantial understanding of your course products.
So you do not merely get a credentials– you get abilities that you can use in your job from day 1.
When do I hand in my PoE?
A few days prior to your last examination, go through the checklist in your ICB Portfolio Administration Guide and make certain you have actually done and included 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 actually finished composing your final exam, you should consist of the exam concern and answer 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 to learn more.
Missed your exam?
If you did not attend your exam, and did not delay it in time, you’ll have to start the subject over by returning to for the exam and getting a brand-new PoE.
Everything You Had to Know.
Wondering how you ICB course will be graded? It’s easy. 30% of your final mark originates from the activities and evaluations you undertake throughout your course. Your Portfolio of Evidence (PoE) is a folder given to you at the start of the course, when you’ve signed up for an assessment 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 added to it at the end of your course.
Your final evaluation will count for the remaining 70%– this is your exam. You will have to include it in your PoE, which an ICB-registered assessor will then check to see if you actually know your stuff. You’ll need to get at least 50% for this exam to pass, regardless of your overall mark.
This doesn’t mean that you can slack with your activities and evaluations throughout your studies, as they fully prepare you for the final evaluation, and also supply evidence of the hard work you have actually.
What occurs if I have to hold off an assessment?
Ought to you have to postpone your ICB exams then you will have to check the Evaluation Timetables to see when you have to send posts ponement by and pay a post ponement cost. There are cut-offs for these for each assessment cycle so make sure you ask for a postponement in time.
If you have to delay your assessment since you’re ill on the day, you can apply for a free post ponement (include a physician’s certificate with your demand), which may be provided at the ICB’s discretion. Evaluation for topics can be postponed once only if we have actually received your post ponement fee in time.
Results are released about 7 weeks after your examination. See the ICB exam timetables for results launch dates.
Distance learning students will be able to get their outcomes on the Trainee Website, and they will similarly be emailed to you.
Register with a professional body
If you have really finished a complete accreditation, you can apply to register with a professional 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, 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 identified in your area and globally by numerous professional bodies. ICB qualifications are modular, which suggests you can build on them as your studies or career development. You can likewise certify in another program just by completing a few more subjects. See the table on page 7 for more.
Find a job
In association with CareerJunction, South Africa’s extremely popular job website, you can browse and apply for monetary 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 Certified Accountants (ACCA) are appreciated, worldwide, accounting professional bodies – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB uses.
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 accountants, 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 up to 6 exemptions to further your studies to becoming a Chartered Certified Accountant with ACCA.
Chartered Secretaries Southern Africa offers several professional qualifications in this specific field of corporate governance, and grants exemptions for certain ICB subjects.
Professional Membership Opportunities
When you have actually completed your studies through the ICB, there are numerous 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 variety of levels based on your certification( s) and work experience. The ICBA recognises all the ICB’s current qualifications, as well as other appropriate qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are also identified, as long as they have actually been evaluated by SAQA.
If you wish to register as a tax specialist, 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 credentials must upgrade this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has a number of other membership criteria– please call them for information.
Last Updated : June 19 2017