What will a business management course involve?
A Business Management course involve a broad skill set that can benefit you in any workplace.
Here are some of the advantages of studying business management:
– You will get a good grasp of the realities of the business world.
– You will find out about the Value of teamwork.
– You will find out the best ways to manage individuals.
– You will discover entrepreneurship.
– You will have the ability to integrate your business management knowledge and skills with a range of other abilities in order to pursue different career courses.
– You will find out about numerous elements of running your own business.
– You will gain a much better understanding of what to anticipate from workers.
– You will find out more about companies and how they are structured.
– You will discover ways to interact better on a professional level.
Why Study Business Management?
The objectives of any business might consist of earning a profit, keeping stability, and producing job opportunity. Individuals who study business courses are provided the possibility to learn more about handling services of different sizes. They also learn about the relationships between businesses and the communities that they serve. Studying a business management course might help you on your way to becoming a leader in the business environment. The ICB provides a fully accredited business management course program.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has actually existed due to the fact that 1931. In South Africa the functions of professional bodies utilize to incorporate both Professional Membership in addition to Education and Training. Nevertheless, academic policies and laws over the last few years made these bodies split those functions.
Thus, 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 handling 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 Solutions).
This recommends that the ICB is licensed by FASSET to acknowledge training business. Act as the examination (exams) body for the ICB courses, utilized by training companies accredited by them.
Currently the QCTO (the Quality Council for Trades and Occupations) is in the process of handling the responsibility for all SETAs. That implies 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 developed in regards to an Act of Parliament.
The ICB, under authority of FASSET (and quickly under authority of the QCTO), is responsible for the quality control 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, together with working experience, and adhering to a professional standard procedure, have the ability to obtain 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 student, you can get Trainee Subscription of the ICBA.
Where will I be able to work?
All companies need certified individuals in management.
The following kinds of businesses are general examples:
– Production businesses
– Service companies
– Logistics and Supply Chain Manager Financial institutions.
– Own business.
– Business Analyst.
– Operations Manager General Supervisor.
– Compliance Officer.
– Management Specialist.
Discover the best ways to make a business prosper!
This programme hits the spot if you have ambitions of handling a business and its financial resources.
Good business management is vitally important for a business’s commercial success. In this ICB program, you’ll learn more about business and monetary management best practices, office and legal practice, human resource management, computer literacy, international business strategy and research methods in commerce.
Your first qualification in just 3 subjects
You can achieve the ICB Business Management: Foundation Level after finishing simply 3 topics (and achieve the National Certificate: Small Business Financial Management). Continue your studies to progress to the Intermediate and Advanced Levels, and their associated nationally acknowledged qualifications.
( 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 personnels, office management, legal, administration, public relations, marketing, sales, consumer relations. Junior Scientist, Junior Expert, Sales Assistant.
Exactly what I’ll be able to do
Show an understanding of the documents, processing and recording of a business’s financial deals. Interact successfully with business stakeholders. Program that you understand exactly 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 (need to 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 Manager, Human Resources Supervisor, Labour Relations Supervisor, Field/Floor/Store/ Department Supervisor, Client service Manager.
What I’ll be able to do
Handle your diary and work schedule as a manager. Run effectively as a general office manager of a business. Apply marketing, law, PR, and economics concepts in business. Draw up and translate financial declarations and reports. Work efficiently with the HR and labour relations departments. Apply business growth concepts for local and global expansion.
( 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 Accounting professional, Accounting Officer (through SAIBA if you meet their requirements). Field/Floor/Store/ Department Supervisor, Key Account Manager, Business Manager, Business Specialist, Business Consultant, Service or Sales Manager.
Exactly what I’ll be able to do
Work with management info systems at a business level. Prepare a business for internal/external audit. Apply principles of tactical intent and strategic thinking in an international business environment. Apply supervisory finance and control principles in a business environment. Prepare and analyze monetary declarations and reports in accordance with IFRS.
Test Dates and Venues
Class students: Most of the colleges hold exams on-site monthly, so inspect exactly what your college’s schedule is.
Distance learning trainees can enter the ICB tests in February, May, July, September and November. Tests take place at the ICB authorized evaluation centres around southern Africa.
Pay your ICB registration and examinations 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 students will enter upon the ICB Trainee Website online.
Select your qualifications initially. Then select he topics, exam dates and locations for your assessments, and send your test entry along with the needed cost. 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 likewise need to register 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 all right to pass. Each ICB programme is created to have specific results. 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 evaluation policy.
Each outcome needs a specific quantity of time for you to attain 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 learning hours are considered to be the time taken by the typical trainee to attain the defined knowing outcomes.
What occurs if I fail my ICB exam?
Don’t worry if you do not pass first time, you can get a 2nd opportunity, With an ICB Re-Assesment If you are examined as ‘not yet competent’ in a topic (you did not pass it), you will have a possibility to write one re-assessment, which is just a summative final exam with a pass mark of 60% (no PoE required– the exam counts fully towards your grade).
You must finish the re-assessment within 12 months of your original summative evaluation date. We do recommend you write your re-assessments as soon as you can, as subject content does change. If you miss your re-assessment, or you are ‘not yet competent’ in it, you cannot redo it. You will have to return to for the subject and begin it over by finishing a 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 tailored to that specific subject.
Distance learning students will get their Portfolios directly.
Exactly what must I do when I get my PoE?
Examine that your specific details on the cover are right. Let you’re your college/the ICB comprehend 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 summary of studying your ICB subject!
Your ICB Administration Guide tells you precisely what to do throughout your ICB research studies. It goes over ways to complete your PoE, and contains lots 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 topic, the ICB sets 3 Projects and 2 Tests that assist you to evaluate your understanding during your studies.
Distance learning trainees will find ICB Tests and Assignments 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 during their research studies.
You’ll similarly discover 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 special– our scholastic group has developed it to offer you the absolute best possible possibility of learning effectively and passing your topic the very first time.
However it’s not almost passing the test Our approach guarantees you get a deep and extensive understanding of your course items.
So you do not just get a credentials– you gain skills that you can utilize 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 ensure 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 actually completed 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 the ICB anything else for your PoE after you have actually 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 to learn more.
Missed your exam?
If you did not attend your exam, and did not postpone it in time, you’ll have to begin 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 easy. 30% of your last mark originates from the activities and evaluations you undertake during your course. Your Portfolio of Evidence (PoE) is a folder offered to you at the start of the course, as soon as you’ve signed up for an evaluation with the ICB. You’ll have to put any projects provided to you along with 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 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 inspect to see if you truly understand your stuff. You’ll need to get at least 50% for this exam to pass, regardless of your overall mark.
This does not imply that you can slack with your activities and examinations during your studies, as they fully prepare you for the final assessment, as well as supply evidence of the hard work you’ve.
Exactly what occurs if I have to delay an assessment?
Must you have to postpone your ICB exams then you will have to examine the Assessment Timetables to see when you need to submit posts ponement by and pay a post ponement 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 postpone your evaluation due to the fact that 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 topics can be delayed once only if we have actually received your post ponement charge in time.
Outcomes are released about 7 weeks after your examination. See the ICB exam schedules for outcomes release dates.
Distance learning students will have the ability to get their outcomes on the Trainee Website, and they will similarly be emailed to you.
Register with a professional body
If you have really ended up a full certification, you can apply to join a professional body like the ICBA.
What I can do with my ICB qualifications
As well as making you attractive to companies and clients, your ICB qualifications can also lead you to these opportunities:
Study further with the ICB
Accredited, reliable and acknowledged 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 several professional bodies. ICB qualifications are modular, which means you can build on them as your studies or career progress. You can likewise qualify in another program just by finishing a couple of more subjects. See the table on page 7 for more.
Discover a task
In association with CareerJunction, South Africa’s hugely popular job site, you can browse 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 appreciated, 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 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, innovation and excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study further through ACCA. You will get up to 6 exemptions to enhance your studies to ending up being a Chartered Certified Accountant with ACCA.
Chartered Secretaries Southern Africa provides numerous professional qualifications in this specific field of business governance, and grants exemptions for certain ICB subjects.
Professional Membership Opportunities
Once you’ve finished your studies through the ICB, there are a number of regional and international 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 pertinent qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are likewise identified, as long as they have actually been evaluated by SAQA.
If you wish to register as a tax professional, you’ll need to end up being a member of SAIT. SAIT identifies the ICB’s FET Certificate: Bookkeeping, and the National Diploma: Technical Financial Accounting qualifications. Trainees 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 requirements– please call them for information.
Last Updated : July 3 2017