Why Study Business Management courses at ICB?
Business management courses at ICB are the very best alternative for working people who needs to make a wage, but at the same time improve qualifications. The goals of any business might include making a profit, keeping stability, and producing job opportunity. Individuals who study business courses are given the chance to find out about handling organisations of different sizes. They also find out about the relationships between organisations and the communities that they serve. Studying a business management course may help you on your way to becoming a leader in the business environment. The ICB provides a completely certified business management course programme.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has really existed due to the fact that 1931. In South Africa the functions of professional bodies utilize to incorporate both Professional Membership as well as Education and Training. Nevertheless, scholastic guidelines and laws over the last few years made these bodies split those functions.
Therefore, 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 (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 Financing, Accounting, Management Consulting and other Financial Providers).
This suggests that the ICB is authorized by FASSET to recognize training companies. Function as the examination (exams) body for the ICB courses, used by training business certified by them.
Currently the QCTO (the Quality Council for Trades and Occupations) is in the procedure of managing the responsibility for all SETAs. That implies that FASSET “falls under” the QCTO. This may have some effect on the information of the accreditation procedure 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 liable for the quality control and examinations (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 recognized by SAQA as a Professional Body and for the registration of 7 professional categories on the National Qualifications Framework (NQF).
Usually a student would study ICB qualifications, and on the strength of their qualifications, in addition to working experience, and adhering to a professional guideline, have the ability to obtain 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 Subscription of the ICBA.
Where will I have the ability to work after studying Business Management courses at ICB?
All organisations need qualified people in management.
The list below types of services are basic examples:
– Manufacturing services
– Service companies
– Logistics and Supply Chain Supervisor Financial institutions.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Consultant.
Exactly what are the advantages of studying business management courses at ICB?
Business Management entails a broad ability that can benefit you in any workplace.
Here are a few of the advantages of studying business management:
– You will acquire an excellent grasp of the realities of the business world.
– You will learn about the Importance of teamwork.
– You will find out the best ways to handle people.
– You will find out about entrepreneurship.
– You will be able to integrate your business management understanding and abilities with a range of other abilities in order to pursue various career courses.
– You will learn more about numerous elements of running your own business.
– You will get a much better understanding of what to expect from workers.
– You will discover more about organizations and how they are structured.
– You will learn the best ways to communicate better on a professional level.
Find out ways to make a business be successful!
This program is just the ticket if you have ambitions of handling a business and its financial resources.
Excellent business management is vitally important for a company’s commercial success. In this ICB programme, you’ll find out about business and financial management finest practices, office and legal practice, human resource management, computer literacy, worldwide business method and research methods in commerce.
Your first certification in just 3 subjects
You can achieve the ICB Business Management: Foundation Level after completing just 3 subjects (and attain 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, 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 personnels, office management, legal, administration, public relations, marketing, sales, customer relations. Junior Researcher, Junior Analyst, Sales Assistant.
What I’ll be able to do
Demonstrate an understanding of the documentation, processing and recording of a business’s monetary transactions. Interact successfully with business stakeholders. Program that you understand what it indicates to be a basic manager. Cost and price items and manage working capital. Operate a personal computer.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (need to 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 Manager, Field/Floor/Store/ Department Supervisor, Customer Service Manager.
Exactly what I’ll have the ability to do
Handle your diary and work schedule as a supervisor. Operate efficiently as a basic office supervisor of a business. Apply marketing, law, PR, and economics concepts in business. Prepare and interpret monetary declarations and reports. Work effectively with the HR and labour relations departments. Apply business development concepts for local and international growth.
( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).
Higher Certificate: Office Administration (must 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 brief dissertation, topic: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (via SAIBA if you fulfill their criteria). Field/Floor/Store/ Department Supervisor, Secret Account Supervisor, Business Manager, Business Consultant, Business Advisor, Service or Sales Manager.
Exactly 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 concepts of tactical intent and strategic thinking in a worldwide business environment. Apply supervisory finance and control principles in a commercial environment. Prepare and analyze monetary declarations and reports in accordance with IFRS.
Test Dates and Venues
Class students: The majority of the colleges hold exams on-site monthly, so inspect exactly what your college’s schedule is.
Distance learning trainees can go into the ICB tests in February, May, July, September and November. Tests occur at the ICB authorized assessment 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 extraordinary tool to help you study. Do not leave it to the eleventh hour or you’ll really be disadvantaging yourself!
Go into for an ICB exam
Classroom students will do this through their colleges.
Distance learning trainees will enter upon the ICB Trainee Portal online.
Select your qualifications initially. Then select he topics, exam dates and locations for your assessments, and send your test entry in addition to the needed charge. All trainees will get an e-mail confirming 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 examined for it. This is so that they can determine at the end of it whether you know and comprehend the course product all right to pass. Each ICB program is created to have particular outcomes. These outcomes are things that you will have the ability to do and comprehend as a result of your studies. This is the most essential part of the ICB assessment policy.
Each result needs a certain amount 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 evaluation policy, 1 credit equates to 10 notional hours. Notional learning hours are thought about to be the time taken by the average student to achieve the defined 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 chance, With an ICB Re-Assesment If you are evaluated as ‘not yet proficient’ in a topic (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 required– the exam counts fully to your grade).
You must complete the re-assessment within 12 months of your initial summative assessment date. We do advise you compose your re-assessments as soon as you can, as subject material does alter. If you miss your re-assessment, or you are ‘not yet proficient’ in it, you cannot renovate it. You will have to return to for the subject and begin it over by finishing a brand-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.
Exactly what must I do when I get my PoE?
Examine that your specific information on the cover are right. Let you’re your college/the ICB comprehend ASAP if anything is wrong.
Go through the entire PoE and fill in information where you are asked to.
What’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your important summary of studying your ICB topic!
Your ICB Administration Guide tells you exactly what to do throughout your ICB research studies. It goes over methods to complete your PoE, and includes great deals of types you need to finish.
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 evaluate your understanding during 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 provided by their lecturers during their research studies.
You’ll similarly find blank answer books in your PoE for you to make up the answers to your ICB Tests and Assignments in.
Why is my PoE so important?
The ICB discovering experience is distinct– our scholastic team has actually produced it to use you the absolute best possible opportunity of finding out successfully and passing your topic the very first time.
Nevertheless it’s not almost passing the test Our technique guarantees you get a deep and extensive understanding of your course products.
So you do not just get a qualification– you get abilities that you can use in your task 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 ensure you have actually done and consisted of everything. Make a copy of our whole PoE as a backup.
Take your completed PoE to your last test. You’ll hand it there in.
Your Last test
When you have actually completed composing your last exam, you must consist of the exam question 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 post ponement and you’ll require 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 delay it in time, you’ll have to begin the subject 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 simple. 30% of your final mark originates from the activities and evaluations you carry out during your course. Your Portfolio of Evidence (PoE) is a folder offered 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 projects given to you along with the tests you take in it. Your PoE is complete 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 have to include it in your PoE, which an ICB-registered assessor will then inspect to see if you really know your stuff. You’ll need to get at least 50% for this exam to pass, despite your general
This doesn’t mean that you can slack with your activities and assessments throughout your studies, as they completely prepare you for the final assessment, as well as provide evidence of the effort you’ve.
What occurs if I have to postpone an assessment?
Need to you have to postpone your ICB exams then you will need to examine the Assessment Timetables to see when you need to send posts ponement by and pay a postponement fee. There are cut-offs for these for each evaluation cycle so ensure you ask for a postponement in time.
If you have to delay your evaluation since you’re ill on the day, you can apply for a totally free post ponement (consist of a physician’s certificate with your request), which may be provided at the ICB’s discretion. Assessment for topics can be postponed once only if we have received your post ponement fee in time.
Results are released about 7 weeks after your examination. See the ICB exam schedules for
results launch dates.
Distance learning trainees will have the ability to get their results on the Trainee Portal, and they will likewise be emailed to you.
Register with a professional body
If you have in fact completed a complete accreditation, you can apply to register with a professional body like the ICBA.
What I can do with my ICB qualifications
As well as making you attractive to companies and clients, your ICB qualifications can also lead you to these opportunities:
Study further with the ICB
Accredited, reliable 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 companies, and our graduates are recognised locally and globally by several professional bodies. ICB qualifications are modular, which suggests you can build on them as your studies or career development. You can also qualify in another program just by finishing a couple of more subjects. See the table on page 7 for more.
Discover a task
In association with CareerJunction, South Africa’s hugely popular job site, you can browse and apply for financial and admin positions at www.icb.org.za/careers
Study further in other places with credit for your ICB credentials
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 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, development and excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study further through ACCA. You will receive as much as 6 exemptions to further your studies to ending up being a Chartered Certified Accountant with ACCA.
Chartered Secretaries Southern Africa uses several professional qualifications in this particular field of business governance, and grants exemptions for certain ICB subjects.
Professional Membership Opportunities
When you’ve finished your studies through the ICB, there are numerous regional and global 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 certification(s) and work experience. The ICBA acknowledges all the ICB’s present qualifications, along with other relevant qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are likewise identified, as long as they have actually 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. Trainees who sign up with SAIT with the FET Certificate: Bookkeeping credentials should update this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has several other membership criteria– please call them for information.
Last Updated : July 3 2017