Why Study ICB Business Management short courses?
The goals of any business might include making a profit, preserving stability, and developing employment opportunities. Individuals who study ICB Business Management short courses are given the chance to learn about handling services of different sizes. They also find out about the relationships in between organisations and the communities that they serve. Studying a business management short course might assist you on your way to becoming a leader in business environment. The ICB uses a totally accredited business management course programme.
Here is a list of ICB Business management short courses you can choose from:
– Business Management 1 (BMT1).
– Bookkeeping to Trial Balance (BKTB).
– Business Literacy (BUSL).
– 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).
– Business Management 3 (BMT3).
– Financial Management and Control (FMCL).
– Financial Reporting and Regulatory Frameworks (FRRF).
– Research Theory and Practice (RTAP).
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 use to integrate both Professional Membership as well as Education and Training. However, scholastic regulations and laws in recent years made these bodies divided those functions.
Therefore, 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 solely managing 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 Services).
This suggests that the ICB is licensed by FASSET to acknowledge training companies. Serve 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 managing the responsibility for all SETAs. That suggests that FASSET “falls under” the QCTO. This may have some impact on the information 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 soon under authority of the QCTO), is liable for the quality assurance 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).
Generally a trainee would study ICB qualifications, and on the strength of their qualifications, together with working experience, and sticking to a professional standard procedure, have the capability to obtain Membership.
The main 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 trainee, you can get Student Subscription of the ICBA.
Where will I be able to work?
All services require certified people in management.
The following kinds of services are general examples:
– Production companies.
– Service companies.
– Logistics and Supply Chain Supervisor Financial institutions.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Expert.
Exactly what are the advantages of studying ICB Business Management short courses?
Management entails a broad skill set that can benefit you in any workplace.
Here are some of the advantages of studying ICB Business Management short courses:
– You will get an excellent grasp of the truths of business world.
– You will learn more about the Value of team effort.
– You will learn ways to manage people.
– You will find out about entrepreneurship.
– You will be able to integrate your business management understanding and abilities with a range of other skills in order to pursue various career paths.
– You will discover various elements of running your very own business.
– You will gain a better understanding of exactly what to expect from staff members.
– You will discover more about organizations and how they are structured.
– You will discover the best ways to communicate more effectively on a professional level.
Find out how to make a business prosper!
This programme hits the spot if you have ambitions of managing a business and its finances.
Excellent business management is essential for a business’s business success. In this ICB programme, you’ll learn about business and financial management finest practices, office and legal practice, human resource management, computer system literacy, global business method and research techniques in commerce.
Your first credentials in just 3 topics
You can attain the ICB Business Management short courses diploma with theses three levels: Foundation Level after completing just 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 Analyst, Sales Assistant.
What I’ll be able to do
Demonstrate an understanding of the paperwork, processing and recording of a business’s monetary transactions. Interact effectively with the business stakeholders. Program that you know exactly what it implies to be a basic manager. Cost and rate 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 consist of 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, Customer support Supervisor.
What I’ll have the ability to do
Manage your journal and work schedule as a manager. Run efficiently as a general office supervisor of a business. Apply marketing, law, PR, and economics concepts in business. Draw up and analyze monetary declarations and reports. Work efficiently with the HR and labour relations departments. Use business growth principles for regional and international growth.
( NQF L6 – SAQA ID 20366, overall 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 dissertation, subject: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (via SAIBA if you meet their requirements). Field/Floor/Store/ Department Manager, Secret Account Manager, Business Manager, Business Consultant, Business Consultant, Service or Sales Manager.
Exactly what I’ll be able to do
Deal with management info systems at a business level. Prepare a business for internal/external audit. Apply principles of tactical intent and tactical thinking in a worldwide business environment. Apply supervisory finance and control concepts in a commercial environment. Prepare and interpret financial statements and reports in accordance with IFRS.
Test Dates and Venues
Class trainees: The majority of the colleges hold exams on-site monthly, so examine 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 examinations charges 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!
Enter for an ICB exam
Class trainees will do this through their colleges.
Distance learning students will enter upon the ICB Student Website online.
Select your qualifications at first. Then select he subjects, exam dates and areas 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 need to register to be examined for it. This is so that they can figure out at the end of it whether you understand and comprehend the course material all right to pass. Each ICB programme 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 crucial part of the ICB assessment policy.
Each result requires a certain quantity 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 knowing hours are considered to be the time taken by the typical trainee to attain the specified knowing results.
What happens if I fail my ICB exam?
Do not panic if you do not pass very first time, you can get a second chance, With an ICB Re-Assesment If you are examined 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 last exam with a pass mark of 60% (no PoE required– the exam counts totally to your grade).
You should finish the re-assessment within 12 months of your initial summative assessment date. We do advise you write your re-assessments as soon as you can, as subject material does alter. If you miss your re-assessment, or you are ‘not yet qualified’ in it, you cannot renovate it. You will need to re-enter for the subject and start it over by completing 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 specific 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 students will get their Portfolios straight.
Exactly what must I do when I get my PoE?
Examine that your private details on the cover are right. Let you’re your college/the ICB comprehend ASAP 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 important introduction of studying your ICB topic!
Your ICB Administration Guide tells you precisely what to do throughout your ICB research studies. It discusses ways to complete your PoE, and consists of lots of types you need 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 jobs
For each subject, the ICB sets 3 Assignments and 2 Tests that help you to evaluate 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 educators throughout their research studies.
You’ll also discover blank response books in your PoE for you to make up the answers to your ICB Tests and Tasks in.
Why is my PoE so vital?
The ICB discovering experience is special– our scholastic team has created it to use you the absolute best possible chance of learning effectively and passing your topic the first time.
Nevertheless it’s not almost passing the test Our technique ensures you get a deep and extensive understanding of your course items.
So you do not simply get a certification– you acquire abilities that you can utilize 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 make sure you have actually done and consisted of everything. Make a copy of our entire PoE as a backup.
Take your ended up PoE to your last test. You’ll hand it there in.
Your Last test
When you have actually finished composing your final exam, you must include the exam question and response documents to your PoE, and hand everything in together. You can not send 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 information.
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 new PoE.
Everything You Need To Know
Wondering how you ICB course will be graded? It’s easy. 30% of your final 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, when you’ve signed up for an assessment with the ICB. You’ll need to put any tasks given to you in addition to the tests you take in it. Your PoE is complete when your final assessment is contributed to it at the end of your course.
Your last 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 check to see if you really understand your stuff. You’ll need to get at least 50% for this exam to pass, despite your overall mark.
This doesn’t mean that you can slack with your activities and assessments during your studies, as they fully prepare you for the final assessment, as well as offer evidence of the hard work you have actually.
Exactly what happens if I need to delay an assessment?
Must you need to postpone your ICB exams then you will need to check the Assessment Timetables to see when you need to submit posts ponement by and pay a postponement cost. There are cut-offs for these for each assessment cycle so make certain you request a postponement in time.
If you need to postpone your assessment because you’re ill on the day, you can apply for a totally free post ponement (include a physician’s certificate with your demand), which may be released at the ICB’s discretion. Assessment for topics can be held off once only if we have received your post ponement cost in time.
Results 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 Student Website, and they will likewise be emailed to you.
Register with a professional body
If you have really completed a full accreditation, you can apply to register with a professional body like the ICBA.
What I can do with my ICB qualifications
In addition to making you attractive to companies and clients, your ICB qualifications can also lead you to these chances:
Study even more with the ICB
Accredited, reputable and identified 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 in your area and globally by a number of 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 simply by finishing a couple of more subjects. See the table on page 7 for more.
Find a job
In association with CareerJunction, South Africa’s hugely popular task website, you can browse and apply for financial and admin positions at www.icb.org.za/careers
Study even more elsewhere with credit for your ICB certification
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accounting professionals (ACCA) are respected, worldwide, accounting professional bodies – locateded in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB provides.
CIMA provides training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification 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, development and excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can study even more through ACCA. You will receive approximately 6 exemptions to advance your studies to ending up being a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa provides a number of professional qualifications in this particular field of business governance, and grants exemptions for certain ICB topics.
Professional Membership Opportunities
As soon as you’ve finished your studies through the ICB Business Management short courses, there are several local 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 variety of levels based on your credentials(s) and work experience. The ICBA recognises all the ICB’s current qualifications, in addition to other appropriate qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are also recognised, as long as they have been examined by SAQA.
If you want to sign up as a tax practitioner, you’ll need to end up being a member of SAIT. SAIT recognises 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 must upgrade this to the National Diploma: Technical Financial Accounting within a year of ending up being a member. SAIT has numerous other membership criteria– please call them for details.
Last Updated : June 29 2017