Would like to know exactly what business careers options you can enter after studying?
All businesses need certified people in management.
The list below kinds of services are general career options you can get into:
– Manufacturing companies
– Service organizations
– Logistics and Supply Chain Supervisor Banks.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Expert.
– Human resources officer.
– Marketing executive.
– Sales executive.
– Systems analyst.
Why Study for a Business Management career?
People who study business courses are offered the opportunity to learn more about managing companies of different sizes. They likewise learn about the relationships in between organisations and the communities that they serve. Studying a business management course might help you on your way to becoming a leader in business environment. The ICB uses a completely certified business management course program.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has actually existed since 1931. In South Africa the functions of professional bodies utilize to integrate both Professional Membership along with Education and Training. However, scholastic regulations and laws in the last few years made these bodies split those functions.
Hence, the historic 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 managing Academics, is an acknowledged Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Funding, Accounting, Management Consulting and other Financial Solutions).
This recommends that the ICB is licensed by FASSET to recognize training companies. Work as the evaluation (exams) body for the ICB courses, utilized by training companies recognized by them.
Currently the QCTO (the Quality Council for Trades and Occupations) remains in the procedure of handling the responsibility for all SETAs. That suggests that FASSET “falls under” the QCTO. This might have some effect on the info of the accreditation process in the future. Both FASSET and the QCTO are bodies developed in terms of an Act of Parliament.
The ICB, under authority of FASSET (and soon under authority of the QCTO), is accountable for the quality assurance 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 recognized by SAQA as a Professional Body and for the registration of 7 professional categories 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 adhering to a professional standard operating procedure, have the ability to obtain Membership.
The primary goal of the ICBA is to offer professional membership to Junior and Senior Accounting professionals, 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.
Exactly what are the advantages of studying for a business management career?
Management involves a broad skill set that can benefit you in any workplace.
Here are some of the advantages of studying business management:
– You will acquire a good grasp of the truths of business world.
– You will discover the Value of team effort.
– You will learn how to handle individuals.
– You will find out about entrepreneurship.
– You will have the ability to integrate your business management knowledge and abilities with a range of other abilities in order to pursue various career courses.
– You will find out about different aspects of running your very own business.
– You will gain a better understanding of what to expect from employees.
– You will find out more about companies and how they are structured.
– You will discover the best ways to communicate better on a professional level.
Discover how to make a business be successful!
This program is just the ticket if you have ambitions of managing a business and its finances.
Great business management is essential for a company’s commercial success. In this ICB program, you’ll learn more about business and financial management finest practices, office and legal practice, human resource management, computer system literacy, international business technique and research approaches in commerce.
Your first certification in simply 3 subjects
You can attain the ICB Business Management: Foundation Level after completing simply 3 topics (and attain the National Certificate: Small Business Financial Management). Continue your studies to progress to the Intermediate and Advanced Levels, and their associated nationally recognized qualifications.
( NQF L4 – SAQA ID 48736, overall credits: 120).
Grade 11 (Std 9) or equivalent.
- 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 Expert, Sales Assistant.
What I’ll have the ability to do
Demonstrate an understanding of the documents, processing and recording of a business’s financial transactions. Communicate effectively with business stakeholders. Show that you understand exactly what it means to be a general supervisor. Cost and rate products and handle working capital. Run a desktop computer.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (should include 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 Manager, Field/Floor/Store/ Department Manager, Customer support Supervisor.
Exactly what I’ll be able to do
Manage your diary and work schedule as a supervisor. Operate effectively as a general office supervisor of a business. Apply marketing, law, PR, and economics concepts in business. Prepare and interpret financial statements and reports. Work effectively with the HR and labour relations departments. Apply business development concepts for regional and worldwide expansion.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Higher Certificate: Office Administration (should 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 argumentation, subject: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (by means of SAIBA if you fulfill their requirements). Field/Floor/Store/ Department Manager, Secret Account Manager, Business Supervisor, Business Consultant, Business Consultant, Service or Sales Manager.
Exactly what I’ll be able to do
Deal with management information systems at a corporate level. Prepare a business for internal/external audit. Apply concepts of strategic intent and strategic thinking in a worldwide business environment. Apply managerial finance and control concepts in a business environment. Draw up and interpret financial statements 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 students can enter the ICB tests in February, May, July, September and November. Tests happen at the ICB approved assessment centres around southern Africa.
Pay your ICB registration and assessments fees 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 students will do this through their colleges.
Distance learning trainees will enter upon the ICB Trainee Website online.
Select your qualifications at first. Then choose he topics, exam dates and areas for your assessments, and send your test entry along with the required charge. All students will get an email validating their examination entries.
How does ICB examination work?
When you register to study an ICB course, you’ll also need to sign up to be analyzed for it. This is so that they can identify at the end of it whether you know and comprehend the course product well enough to pass. Each ICB program is developed to have particular outcomes. These results 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 needs a particular quantity of time for you to accomplish it. These hours are represented by credits. As specified 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 knowing results.
What happens if I fail my ICB exam?
Don’t worry if you do not pass very first time, you can get a second opportunity, With an ICB Re-Assesment If you are evaluated as ‘not yet qualified’ in a topic (you did not pass it), you will have an opportunity to write one re-assessment, which is only a summative last 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 evaluation date. We do suggest you write your re-assessments as quickly as you can, as subject content does alter. If you miss your re-assessment, or you are ‘not yet skilled’ in it, you cannot redo it. You will have 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 particular topic.
How many Portfolios will I get?
You’ll get one PoE per subject per exam. Each PoE is tailored to that specific topic. Distance learning students will get their Portfolios straight.
Exactly what must I do when I get my PoE?
Take a look at that your individual information on the cover are right. Let you’re your college/the ICB understand As Soon As Possible if anything is wrong.
Go through the entire PoE and fill in information where you are asked to.
Exactly what’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your vital summary of studying your ICB subject!
Your ICB Administration Guide tells you precisely what to do throughout your ICB research studies. It goes over methods to complete your PoE, and consists of 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 Assignments and 2 Tests that assist you to examine your understanding throughout your studies.
Distance learning students will discover 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 used by their speakers throughout their research studies.
You’ll similarly find blank answer 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 team has produced it to provide you the very best possible possibility of finding out successfully 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 don’t just get a qualification– you get abilities that you can utilize in your job from day 1.
When do I hand in my PoE?
A couple of days prior to your last examination, go through the list in your ICB Portfolio Administration Guide and ensure you have in fact done and consisted of 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 finished composing your last exam, you must include the exam concern and response papers 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.
Sick on exam day?
You can apply for a medical postponement and you’ll require a medical certificate. Contact your college or the ICB for additional information.
Missed your exam?
If you did not attend your exam, and did not postpone it in time, you’ll need to begin the topic over by returning to 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 comes 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, when you’ve signed up for an evaluation with the ICB. You’ll have to put any tasks provided to you as well as the tests you take in it. Your PoE is total when your final assessment is contributed to it at the end of
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 check to see if you truly understand your things. You’ll need to get at least 50% for this exam to pass, regardless of your total mark.
This does not mean that you can slack with your activities and evaluations during your studies, as they completely prepare you for the final assessment, as well as supply evidence of the effort you have actually.
Exactly what occurs if I have to postpone an evaluation?
Ought to you need to postpone your ICB exams then you will need to inspect the Evaluation Timetables to see when you need to send postponements by and pay a post ponement fee. There are cut-offs for these for each evaluation cycle so make certain you ask for a post ponement in time.
If you have to delay your assessment since you’re ill on the day, you can apply for a complimentary postponement (consist of a medical professional’s certificate with your request), which may be provided at the ICB’s discretion. Evaluation for topics can be postponed once only if we have gotten your post ponement charge in time.
Outcomes are released about 7 weeks after your examination. See the ICB exam timetables for results launch dates.
Distance learning students will have the ability to get their outcomes on the Trainee Website, and they will also be emailed to you.
Register with a professional body
If you have actually finished a full certification, you can apply to join a professional body like the ICBA.
Exactly what I can do with my ICB qualifications
In addition to making you appealing to companies and customers, your ICB qualifications can also lead you to these opportunities:.
Study even more with the ICB
Accredited, reputable 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 recognised in your area and worldwide by several professional bodies. ICB qualifications are modular, which means you can build on them as your studies or career development. You can likewise certify in another program simply by finishing a few more subjects. See the table on page 7 for more.
Discover a task
In association with CareerJunction, South Africa’s hugely popular task site, you can search and apply for financial and admin positions at www.icb.org.za/careers.
Study even more elsewhere with credit for your ICB credentials.
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are respected, 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 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, development and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials can study further through ACCA. You will get approximately 6 exemptions to enhance your studies towards becoming a Chartered Certified Accountant with ACCA.
Chartered Secretaries Southern Africa offers numerous professional qualifications in this specific field of corporate 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 variety of levels based on your qualification( s) and work experience. The ICBA acknowledges all the ICB’s current qualifications, in addition to other pertinent qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are also acknowledged, as long as they have been evaluated by SAQA.
If you wish to register as a tax practitioner, you’ll have to end up being a member of SAIT. SAIT identifies the ICB’s FET Certificate: Bookkeeping, and the National Diploma: Technical Financial Accounting qualifications. Students who register with SAIT with the FET Certificate: Bookkeeping credentials need to update this to the National Diploma: Technical Financial Accounting within a year of ending up being a member. SAIT has several other membership criteria– please call them for information.
Last Updated ; June 19 2017