Exactly what does a Business Management job description look like?
Business managers are accountable for managing and supervising a company’s activities and employees. Small businesses count on business manager to keep workers aligned with the goals of the business. Business managers report to magnates in a bigger organization, but in a little business, the supervisor may either own the business or report directly to the owner.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has in fact existed due to the fact that 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 over the last few years made these bodies divided those functions.
Therefore, the historical ICB was divided into a Professional Body and an Academic Body in 2015. The instructional body continues under the name Institute of Certified Bookkeepers.
The (brand-new) ICB, that is the body solely 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 Providers).
This suggests that the ICB is authorized by FASSET to recognize training business. Work as the assessment (exams) body for the ICB courses, utilized by training companies certified by them.
Presently the QCTO (the Quality Council for Trades and Occupations) is in the procedure of dealing with the obligation for all SETAs. That indicates 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 accountable for the quality control and examinations (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 categories on the National Qualifications Framework (NQF).
Normally a student 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 objective of the ICBA is to supply professional membership to Junior and Senior
Accounting professionals, in addition to Junior Accountants and Financial Accountants, in addition to Office Administrators. As an ICB trainee, you can get Trainee Subscription of the ICBA.
Why Study Business Management?
The objectives of any business might consist of making a profit, preserving stability, and producing job opportunity. Individuals who study business courses are given the possibility to discover managing organisations of numerous sizes. They likewise learn more about the relationships between companies and the communities that they serve. Studying a business management course might assist you on your way to becoming a leader in business environment. The ICB uses a totally recognized business management course program.
What are the advantages of studying business management?
Management involves 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 good grasp of the truths of the business world.
– You will discover the Value of team effort.
– You will find out ways to manage people.
– You will find out about entrepreneurship.
– You will have the ability to combine your business management knowledge and abilities with a variety of other abilities in order to pursue various career paths.
– You will discover different aspects of running your own business.
– You will gain a better understanding of exactly what to anticipate from employees.
– You will find out more about companies and how they are structured.
– You will find out the best ways to connect better on a professional level.
Discover the best ways to make a business be successful!
This programme is just the ticket if you have ambitions of handling a business and its
Great business management is essential for a company’s industrial success. In this ICB program, you’ll find out about business and financial management best practices, office and legal practice, personnel management, computer literacy, worldwide business strategy and research approaches in commerce.
Your very first certification in simply 3 topics
You can accomplish the ICB Business Management: Foundation Level after completing simply 3 topics (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 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, consumer relations. Junior Researcher, Junior Analyst, 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. Interact effectively with business stakeholders. Program that you know exactly what it suggests to be a basic supervisor. Cost and rate products and handle working capital. Operate a personal computer.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (must include 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 Supervisor, Human Resources Manager, Labour Relations Supervisor, Field/Floor/Store/ Department Supervisor, Customer care Supervisor.
What I’ll be able to do
Manage your diary and work schedule as a manager. Run effectively as a general office supervisor of a business. Apply marketing, law, PR, and economics concepts in business. Draw up and translate financial statements and reports. Work efficiently with the HR and labour relations departments. Use business growth principles for local and international growth.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Higher Certificate: Office Administration (should include 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 (through SAIBA if you meet their criteria). Field/Floor/Store/ Department Supervisor, Key Account Supervisor, 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 tactical thinking in a worldwide business environment. Apply supervisory finance and control concepts in a business environment. Prepare 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 what your college’s schedule is.
Distance learning students can go into the ICB tests in February, May, July, September and November. Tests happen at the ICB authorized 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 extraordinary tool to help you study. Do not leave it to the eleventh hour or you’ll really be disadvantaging yourself!
Enter for an ICB exam
Classroom students will do this through their colleges.
Distance learning trainees will enter upon the ICB Trainee Website online.
Select your qualifications at first. Then select he topics, exam dates and places for your examinations, and send your test entry along with the required fee. 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 also have to register to be examined for it. This is so that they can determine at the end of it whether you understand and comprehend the course material well enough 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 important part of the ICB evaluation policy.
Each outcome requires a specific 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 knowing hours are considered to be the time taken by the typical student to attain the specified learning results.
What happens if I fail my ICB exam?
Don’t panic 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 competent’ in a subject (you did not pass it), you will have a possibility to compose one re-assessment, which is just a summative last exam with a pass mark of 60% (no PoE needed– the exam counts completely towards your grade).
You must complete the re-assessment within 12 months of your initial summative evaluation date. We do recommend you write your re-assessments as quickly as you can, as subject content does change. If you miss your re-assessment, or you are ‘not yet qualified’ in it, you cannot redo it. You will need to return to for the subject and begin it over by completing 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 particular topic.
Distance learning trainees will get their Portfolios directly.
Exactly 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 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 subject!
Your ICB Administration Guide tells you exactly what to do throughout your ICB research studies. It talks about ways to complete your PoE, and consists of lots of types you have to complete.
Conquer it step by step and follow all the instructions in it, and you’ll be on track for success!
ICB Tests and jobs
For each subject, the ICB sets 3 Tasks and 2 Tests that assist you to evaluate your understanding throughout your studies.
Distance learning students will find ICB Tests and Projects 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 lecturers throughout their research studies.
You’ll likewise 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 finding experience is unique– our scholastic group has actually developed it to provide you the absolute 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 extensive understanding of your course items.
So you do not just get a credentials– you gain abilities that you can use 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 sure you have in fact done and included everything. Make a copy of our whole 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 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 handed it in.
Sick on exam day?
You can apply for a medical post ponement and you’ll require 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 postpone it in time, you’ll need to begin 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 simple. 30% of your last mark originates from the activities and examinations you carry out throughout your course. Your Portfolio of Evidence (PoE) is a folder offered to you at the start of the course, as soon as you have actually registered for an assessment with the ICB. You’ll have to put any projects provided to you along with the tests you take in it. Your PoE is total when your final evaluation is contributed to it at the end of your course.
Your final evaluation 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 inspect to see if you actually understand your stuff. You’ll need to get at least 50% for this exam to pass, despite your total mark.
This doesn’t imply that you can slack with your activities and assessments during your studies, as they fully prepare you for the final assessment, as well as supply evidence of the effort you’ve.
What happens if I have to postpone an assessment?
Should 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 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 delay your evaluation since you’re ill on the day, you can apply for a complimentary postponement (include a physician’s certificate with your request), which may be released at the ICB’s discretion. Assessment for subjects can be delayed once only if we have gotten your post ponement charge in time.
Outcomes are launched about 7 weeks after your examination. See the ICB exam timetables for results launch dates.
Distance learning trainees will have the ability to get their outcomes on the Trainee Portal, and they will likewise be emailed to you.
Register with a professional body
If you have really finished a complete certification, 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 attractive to employers and clients, your ICB qualifications can also lead you to these chances:.
Study even more with the ICB
Accredited, credible 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 companies, and our graduates are identified in your area and globally 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 also certify in another programme just by finishing a few more subjects. See the table on page 7 for more.
Find a task
In association with CareerJunction, South Africa’s extremely popular task site, you can browse and apply for financial and admin positions at www.icb.org.za/careers.
Study further somewhere else with credit for your ICB credentials.
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are appreciated, global, accounting professional bodies – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB provides.
CIMA offers 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 quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study further through ACCA. You will get up to 6 exemptions to advance your studies to ending up being a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa provides several professional qualifications in this particular field of business governance, and grants exemptions for certain ICB topics.
Professional Membership Opportunities
When you’ve completed your studies through the ICB, there are several local and worldwide 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 upon your qualification( s) and work experience. The ICBA identifies all the ICB’s existing 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 actually been examined by SAQA.
If you want to register as a tax specialist, you’ll have to end up being a member of SAIT. SAIT recognises 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 must upgrade this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has numerous other membership requirements– please call them for details.
Last Updated ; July 6 2017