Want to know what ICB business careers options you can enter after studying?
All businesses need qualified individuals in management.
The following types of businesses are general career options you can enter:
– Manufacturing businesses
– Service organizations
– Logistics and Supply Chain Manager Financial institutions.
– Own business.
– Business Analyst.
– Operations Supervisor General Supervisor.
– Compliance Officer.
– Management Consultant.
– Human resources officer.
– Marketing executive.
– Sales executive.
– Systems analyst.
Why Study for a Business Management career?
People who study business courses are offered the chance to learn about managing businesses of different sizes. They likewise learn 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 ICB uses a completely certified business management course programme.
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 use to incorporate both Professional Membership as well as Education and Training. However, scholastic regulations and laws in the last few years made these bodies divided those functions.
Thus, 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 handling 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 Solutions).
This suggests that the ICB is authorized by FASSET to acknowledge training business. Act as the evaluation (exams) body for the ICB courses, used by training companies recognized by them.
Currently the QCTO (the Quality Council for Trades and Occupations) remains in the process of handling the commitment for all SETAs. That indicates that FASSET “falls under” the QCTO. This may have some effect on the info of the accreditation procedure in the future. Both FASSET and the QCTO are bodies established in terms of 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, together with working experience, and adhering to a professional guideline, have the capability to get Membership.
The main objective of the ICBA is to provide 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 Student Subscription of the ICBA.
Exactly what are the advantages of studying for a ICB business management career?
Management requires a broad capability that can benefit you in any working environment.
Here are a few of the advantages of studying business management:
– You will acquire a good grasp of the truths of the business world.
– You will learn about the Importance of teamwork.
– You will learn ways to manage individuals.
– You will learn 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 learn about different elements of running your own business.
– You will get a better understanding of exactly what to anticipate from staff members.
– You will learn more about companies and how they are structured.
– You will learn ways to interact better on a professional level.
Learn how to make a business be successful!
This programme is just the ticket if you have ambitions of managing a business and its finances.
Good business management is essential for a company’s industrial success. In this ICB programme, you’ll learn about business and financial management best practices, office and legal practice, human resource management, computer system literacy, global business technique and research techniques in commerce.
Your very first qualification in simply 3 subjects
You can accomplish the ICB Business Management: Foundation Level after finishing 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.
Small Business Financial Management
( 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 human resources, office management, legal, administration, public relations, marketing, sales, customer relations. Junior Researcher, Junior Expert, Sales Assistant.
Exactly what I’ll have the ability to do
Show an understanding of the documents, processing and recording of a business’s financial transactions. Communicate efficiently with the business stakeholders. Show that you know what it suggests to be a general manager. Cost and price products and manage working capital. Run a personal computer.
( NQF L5 – SAQA ID 23619, total cumulative credits: 240).
National Certificate: Small Business Financial Management (must consist of 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 Manager, Human Resources Manager, Labour Relations Manager, Field/Floor/Store/ Department Manager, Customer care Supervisor.
What I’ll be able to do
Manage your journal and work schedule as a supervisor. Run efficiently as a basic office manager of a business. Apply marketing, law, PR, and economics principles in business. Draw up and analyze financial declarations and reports. Work efficiently with the HR and labour relations departments. Apply business development principles for regional and global growth.
( NQF L6 – SAQA ID 20366, overall 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 short argumentation, topic: Business Management) (RTAP).
What my title can be
Financial Accounting professional, Accounting Officer (through SAIBA if you fulfill their criteria). Field/Floor/Store/ Department Supervisor, Secret Account Supervisor, Business Manager, Business Consultant, Business Consultant, 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 tactical intent and strategic thinking in a global business environment. Apply supervisory finance and control concepts in a business environment. Draw up and translate financial statements and reports in accordance with IFRS.
Test Dates and Venues
Class trainees: Most of the colleges hold exams on-site monthly, so check what your college’s schedule is.
Distance learning students 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 assessments 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 truly be disadvantaging yourself!
Enter for an ICB exam
Classroom students will do this through their colleges.
Distance learning students will enter upon the ICB Trainee Portal online.
Select your qualifications initially. Then pick he subjects, exam dates and locations for your assessments, and send your test entry together with the required cost. All trainees will get an email confirming their examination entries.
How does ICB examination work?
When you register to study an ICB course, you’ll likewise 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 all right to pass. Each ICB program is designed to have particular outcomes. These outcomes 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 knowing hours are thought about to be the time taken by the typical trainee to achieve the defined learning outcomes.
Exactly what occurs if I fail my ICB exam?
Do not worry if you do not pass very first time, you can get a second possibility, With an ICB Re-Assesment If you are examined as ‘not yet qualified’ in a subject (you did not pass it), you will have a chance to compose one re-assessment, which is just a summative last exam with a pass mark of 60% (no PoE needed– the exam counts fully towards your grade).
You need to finish the re-assessment within 12 months of your original summative evaluation date. We do advise you compose your re-assessments as quickly as you can, as subject material does change. If you miss your re-assessment, or you are ‘not yet competent’ in it, you cannot renovate it. You will need to re-enter for the subject and start 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 specific subject.
How many Portfolios will I get?
You’ll get one PoE per subject per exam. Each PoE is personalized to that specific subject.
Distance learning students will get their Portfolios straight.
What must I do when I get my PoE?
Take a look at 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 information where you are asked to.
Exactly what’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your crucial summary 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 contains great deals of types you need to complete.
Conquer 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 Projects and 2 Tests that assist you to assess your understanding throughout your studies.
Distance learning trainees will discover 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 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 essential?
The ICB discovering experience is unique– our scholastic group has produced it to provide you the absolute best possible opportunity of learning effectively and passing your subject the first time.
However it’s not nearly passing the test Our technique guarantees you get a deep and comprehensive understanding of your course products.
So you do not just get a credentials– you gain skills that you can use in your job from day 1.
When do I hand in my PoE?
A number of days before your last examination, go through the list in your ICB Portfolio Administration Guide and make certain you have in fact done and included everything. Make a copy of our entire PoE as a backup.
Take your finished 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 concern and answer 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 post ponement 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 start the subject over by returning to for the exam and getting a brand-new PoE.
Everything You Need To Know
Wondering how you ICB course will be graded? It’s simple. 30% of your final mark originates from the activities and assessments you undertake throughout your course. Your Portfolio of Evidence (PoE) is a folder provided to you at the start of the course, when you have actually signed up for an evaluation with the ICB. You’ll need to put any assignments provided to you as well as the tests you take in it. Your PoE is complete when your final evaluation 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 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 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 last evaluation, and also provide evidence of the effort you’ve.
Exactly what takes place if I need to delay an assessment?
Should you need to postpone your ICB exams then you will have to examine the Evaluation Timetables to see when you have to submit postponements by and pay a post ponement 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 evaluation due to the fact that you’re ill on the day, you can apply for a totally free postponement (consist of a medical professional’s certificate with your request), which may be issued at the ICB’s discretion. Evaluation for subjects can be delayed 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 timetables for outcomes launch dates.
Distance learning students will have the ability to get their results on the Student Portal, and they will also be emailed to you.
Register with a professional body
If you have in fact ended up a complete accreditation, you can apply to join a professional body like the ICBA.
What I can do with my ICB qualifications
Along with making you attractive to employers and clients, your ICB qualifications can likewise lead you to these opportunities:.
Study further with the ICB
Accredited, trustworthy and acknowledged qualifications.
All ICB qualifications are signed up on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programmes are valued by employers, and our graduates are identified locally and globally by several professional bodies. ICB qualifications are modular, which implies you can build on them as your studies or career progress. You can also certify in another program simply 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 task website, you can search and apply for financial and admin positions at www.icb.org.za/careers.
Study further 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, global, accounting professional bodies – locateded 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 qualification can apply to CIMA for up to 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 even more through ACCA. You will receive up to 6 exemptions to enhance 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 have actually completed your studies through the ICB, there are a number of 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 number of levels based upon your certification( s) and work experience. The ICBA recognises 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 likewise acknowledged, as long as they have actually been assessed by SAQA.
If you wish to sign up 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 qualification should update 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 23 2017