ICB Short courses Financial Management



Why Study ICB short courses Financial Management?


The objectives of any business might include making a profit, keeping stability, and developing job opportunity. People who study business short courses are provided the chance to discover managing businesses of different sizes. They likewise find out about the relationships in between businesses and the communities that they serve. Studying a business management short course might assist you on your way to becoming a leader in the business environment. The ICB provides a fully recognized business management course program.


Here is a list of ICB short courses in financial management you can pick 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 since 1931. In South Africa the functions of professional bodies utilize to integrate both Professional Membership along with Education and Training. However, academic regulations and laws in the last few years made these bodies split those functions.

Therefore, 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 exclusively dealing with Academics, is a recognized 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 authorized by FASSET to acknowledge training business. Act 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 process of dealing with the commitment for all SETAs. That implies 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 quickly under authority of the QCTO), is liable for the quality assurance and assessments (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 acknowledged by SAQA as a Professional Body and for the registration of 7 professional classifications on the National Qualifications Framework (NQF).

Usually a trainee would study ICB qualifications, and on the strength of their qualifications, in addition to working experience, and staying with a professional guideline, have the capability to get Membership.


The primary 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.


Where will I have the ability to work?


All businesses require qualified people in management.


The list below types of businesses are basic examples:


– Manufacturing businesses.

– Service companies.

– Retailers.

– Logistics and Supply Chain Supervisor Financial institutions.

– Own business.

– Business Analyst.

– Operations Supervisor General Supervisor.

– Compliance Officer.

– Management Expert.


What are the benefits of studying financial management short courses?


Management entails a broad ability that can benefit you in any working environment.


Here are some of the advantages of studying business management:


– You will get an excellent grasp of the realities of the business world.

– You will learn about the Importance of teamwork.

– You will discover the best ways to manage people.

– You will discover entrepreneurship.

– You will have the ability to integrate your business management knowledge and abilities with a series of other abilities in order to pursue various career paths.

– You will discover various elements of running your own business.

– You will acquire a much better understanding of exactly what to expect from employees.

– You will learn more about companies and how they are structured.

– You will find out how to engage more effectively on a professional level.


Learn the best ways to make a business succeed!



This program hits the spot if you have ambitions of handling a business and its finances.

Good business management is essential for a company’s business success. In this ICB program, you’ll learn more about business and financial management finest practices, office and legal practice, human resource management, computer literacy, worldwide business strategy and research methods in commerce.


Your very first credentials in simply 3 subjects


You can attain the ICB Business Management: Foundation Level after completing just 3 topics (and accomplish the National Certificate: Small Business Financial Management). Continue your studies to advance to the Intermediate and Advanced Levels, and their associated nationally acknowledged qualifications.


Foundation Level

National Certificate

Small Business Financial Management


NQF Level.

( NQF L4 – SAQA ID 48736, overall credits: 120).



9 months.


Entry requirements.

Grade 11 (Std 9) or comparable.




  1. Business Management 1 (BMT1).
  2. Bookkeeping to Trial Balance (BKTB).
  3. Business Literacy (BUSL).


What my title can be


Assistant or administrator in human resources, office management, legal, administration, public relations, marketing, sales, client relations. Junior Researcher, Junior Analyst, Sales Assistant.


What I’ll have the ability to do


Show an understanding of the documents, processing and recording of a business’s financial deals. Communicate efficiently with business stakeholders. Show that you know what it means to be a general supervisor. Cost and rate products and handle working capital. Operate a desktop computer.


Intermediate Level

Higher Certificate

Office Administration


NQF Level.

( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).



+15 months.


Entry requirements.

National Certificate: Small Business Financial Management (should consist of the Business Management 1 subject).




  1. Office and Legal Practice (OLPR).
  2. Business Management 2 (BMT2).
  3. Marketing Management and Public Relations (MMPR).
  4. Financial Statements (FNST).
  5. Human Resources Management and Labour Relations (HRLR).


What my title can be


Senior Office Administrator, Secretary, General Office Supervisor, Human Resources Supervisor, Labour Relations Supervisor, Field/Floor/Store/ Department Supervisor, Customer Service Manager.


What I’ll have the ability to do


Manage your journal and work schedule as a supervisor. Operate effectively as a basic office manager of a business. Apply marketing, law, PR, and economics concepts in business. Prepare and translate financial statements and reports. Work effectively with the HR and labour relations departments. Apply business development concepts for regional and worldwide growth.


Advanced Level

National Diploma

Financial Accounting


NQF Level.

( NQF L6 – SAQA ID 20366, total cumulative credits: 280).



+12 months.


Entry requirements.

Higher Certificate: Office Administration (need to include business Management 2 subject).




  1. Business Management 3 (BMT3).
  2. Financial Management and Control (FMCL).
  3. Financial Reporting and Regulatory Frameworks (FRRF).
  4. Research Theory and Practice (by short dissertation, topic: Business Management) (RTAP).


What my title can be


Financial Accountant, Accounting Officer (via SAIBA if you satisfy their criteria). Field/Floor/Store/ Department Manager, Secret Account Manager, Business Supervisor, Business Expert, Business Consultant, Service or Sales Manager.


What I’ll have the ability to do


Work with management info systems at a business level. Prepare a business for internal/external audit. Apply principles of strategic intent and strategic thinking in a global business environment. Apply supervisory finance and control principles in a business environment. Draw up and interpret financial declarations and reports in accordance with IFRS.

ICB short courses Financial Management

Test Dates and Venues


Class students: The majority of the colleges hold exams on-site monthly, so examine exactly what your college’s schedule is.


Distance learning students can get in the ICB tests in February, May, July, September and November. Tests occur at the ICB authorized evaluation centres around southern Africa.

Pay your ICB registration and assessments charges as early as possible, so we can send you your PoE ASAP. Your PoE is an extraordinary 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


Classroom trainees will do this through their colleges.


Distance learning students will enter upon the ICB Student Portal online.

Select your qualifications at first. Then pick he topics, exam dates and locations for your evaluations, and send your test entry in addition to the needed cost. All students 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 have to sign up to be analyzed for it. This is so that they can identify at the end of it whether you understand and comprehend the course material all right to pass. Each ICB programme is designed to have particular results. 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 outcome needs a particular quantity of time for you to attain 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 considered to be the time taken by the average trainee to attain the defined learning outcomes.


What takes place if I fail my ICB exam?


Don’t worry if you do not pass first time, you can get a 2nd possibility, With an ICB Re-Assesment If you are evaluated as ‘not yet skilled’ in a subject (you did not pass it), you will have an opportunity to compose one re-assessment, which is just a summative last exam with a pass mark of 60% (no PoE required– the exam counts completely to your grade).

You must finish the re-assessment within 12 months of your initial summative evaluation date. We do suggest 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 skilled’ in it, you can’t renovate it. You will have 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 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 directly.


What must I do when I get my PoE?


Take a look at that your specific information on the cover are right. Let you’re your college/the ICB understand ASAP if anything is wrong.

Go through the entire PoE and fill in details where you are asked to.


What’s inside my PoE?


Your ICB Portfolio Administration Guide


This is your essential introduction of studying your ICB topic!


Your ICB Administration Guide informs you exactly what to do throughout your ICB research

studies. It goes over ways to finish your PoE, and includes great deals of types you have to complete.


Overcome it step by step and follow all the instructions in it, and you’ll be on track for success!


ICB Tests and projects


For each topic, the ICB sets 3 Projects and 2 Tests that assist you to examine your understanding throughout your studies.


Distance learning students 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 offered by their speakers throughout their research studies.


Answer Books


You’ll likewise discover blank answer books in your PoE for you to make up the answers to your ICB Tests and Tasks in.


Why is my PoE so crucial?


The ICB discovering experience is distinct– our scholastic team has created it to use you the best possible possibility of learning successfully and passing your topic the very first time.

Nevertheless it’s not almost passing the test Our approach ensures you get a deep and substantial understanding of your course items.


So you don’t simply get a qualification– you gain abilities that you can make use of in your task 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 make certain you have really done and consisted of 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 Final test


When you have completed composing your final exam, you need to 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 handed it in.

Ill on exam day?


You can apply for a medical postponement 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 delay it in time, you’ll need to start the topic 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 assessments you undertake 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 assignments offered to you in addition to the tests you take in it. Your PoE is complete when your last assessment is contributed to it at the end of your course.


Your final evaluation will count for the staying 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 know your things. You’ll need to get at least 50% for this exam to pass, despite your overall mark.


This does not mean that you can slack with your activities and examinations during your studies, as they totally prepare you for the last evaluation, and also offer evidence of the hard work you’ve.


Exactly what takes place if I need to postpone an assessment?


Must you need to postpone your ICB exams then you will need to check the Assessment Timetables to see when you have to send posts ponement by and pay a postponement charge. There are cut-offs for these for each assessment cycle so make sure you ask for a postponement in time.


If you need to delay your assessment since you’re ill on the day, you can apply for a totally free postponement (include a medical professional’s certificate with your request), which may be issued at the ICB’s discretion. Assessment for subjects can be delayed once only if we have actually received your post ponement cost in time.




Outcomes are launched about 7 weeks after your examination. See the ICB exam timetables

for outcomes launch dates.


Distance learning trainees will have the ability to get their results on the Trainee Website, and they will similarly be emailed to you.


Register with a professional body


If you have really finished a complete accreditation, you can apply to register with a professional body like the ICBA.


What I can do with my ICB qualifications.


Along with making you appealing to employers and clients, your ICB qualifications can also lead you to these chances:.


Study even more with the ICB


Accredited, reputable and recognised 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 locally and internationally by several professional bodies. ICB qualifications are modular, which indicates you can build on them as your studies or career development. You can likewise qualify in another programme just by finishing 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 site, you can

search and apply for financial and admin positions at www.icb.org.za/careers.


Study even more 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 respected, worldwide, 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 certification 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 accounting professionals, with over 110 years of experience, development and excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials can study even more through ACCA. You will get as much as 6 exemptions to enhance your studies towards ending up being a Chartered Certified Accounting professional with ACCA.


Chartered Secretaries Southern Africa provides several professional qualifications in this specific field of business governance, and grants exemptions for certain ICB topics.


Professional Membership Opportunities


As soon as you have actually finished your studies through the ICB, there are a number of regional 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 on your credentials( s) and work experience. The ICBA acknowledges all the ICB’s current qualifications, along with other appropriate qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are likewise recognised, as long as they have actually been assessed by SAQA.


If you want to register as a tax practitioner, you’ll need to become 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 should 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 contact them for information.


business management short courses distance learning

Last Updated : June 23 2017

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