Wish to know what business management career options you can enter after studying?
All services require certified individuals in management.
The following kinds of companies are basic career options you can enter into:
– Production services
– Service organizations
– Logistics and Supply Chain Supervisor Financial institutions.
– Own business.
– Business Analyst.
– Operations Manager General Manager.
– Compliance Officer.
– Management Specialist.
– Human resources officer.
– Marketing executive.
– Sales executive.
– Systems analyst.
Why Study for a Business Management career?
People who study business courses are provided the chance to find out about managing services of numerous sizes. They also discover the relationships between services and the communities that they serve. Studying a business management course may help you on your way to becoming a leader in the business environment. The ICB provides a totally accredited business management course program.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has actually existed because 1931. In South Africa the functions of professional bodies utilize to integrate both Professional Membership along with Education and Training. Nevertheless, scholastic regulations and laws in recent 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 exclusively dealing with 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 Services).
This suggests that the ICB is authorized by FASSET to acknowledge training business. Work 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 procedure of managing the responsibility for all SETAs. That suggests that FASSET \”falls under\” the QCTO. This may have some effect on the information of the accreditation procedure 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 quickly under authority of the QCTO), is responsible for the quality assurance 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).
Generally a trainee would study ICB qualifications, and on the strength of their qualifications, along with working experience, and adhering to a professional guideline, have the capability to get Membership.
The primary goal of the ICBA is to supply professional membership to Junior and Senior Accountants, 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.
Exactly what are the benefits of studying for a business management career?
Management entails a broad skill set that can benefit you in any working environment.
Here are some of the advantages of studying business management:
– You will acquire a great grasp of the realities of business world.
– You will learn about the Value of team effort.
– You will find out ways to manage people.
– You will learn more about entrepreneurship.
– You will have the ability to combine your business management understanding and skills with a series of other skills in order to pursue different career courses.
– You will learn about different aspects of running your very own business.
– You will gain a better understanding of exactly what to expect from employees.
– You will discover more about companies and how they are structured.
– You will find out how to interact 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 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 literacy, worldwide business method and research techniques in commerce.
Your very first qualification in just 3 topics
You can achieve the ICB Business Management: Foundation Level after finishing 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 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, client relations. Junior Researcher, Junior Expert, Sales Assistant.
What I\’ll be able 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 understand exactly what it means to be a basic manager. Expense and rate items and handle working capital. Operate a desktop computer.
( NQF L5 – SAQA ID 23619, total cumulative credits: 240).
National Certificate: Small Business Financial Management (need to consist of the 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 Supervisor, Customer support Manager.
Exactly what I\’ll be able to do
Handle your diary and work schedule as a manager. Operate effectively as a basic office manager of a business. Apply marketing, law, PR, and economics concepts in business. Draw up and analyze financial statements and reports. Work effectively with the HR and labour relations departments. Apply business growth concepts for local and international growth.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Higher Certificate: Office Administration (should include 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 brief dissertation, topic: Business Management) (RTAP).
What my title can be
Financial Accounting professional, Accounting Officer (by means of SAIBA if you satisfy their criteria). Field/Floor/Store/ Department Supervisor, Key Account Supervisor, Business Supervisor, Business Specialist, Business Advisor, Service or Sales Supervisor.
Exactly what I\’ll be able to do
Deal with management information systems at a business level. Prepare a business for internal/external audit. Apply concepts of tactical intent and strategic thinking in an international business environment. Apply managerial finance and control principles in a commercial environment. Prepare and analyze financial statements and reports in accordance with IFRS.
Test Dates and Venues
Class trainees: 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 occur at the ICB authorized evaluation 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 incredible tool to assist you study. Do not leave it to the eleventh hour or you\’ll truly be disadvantaging yourself!
Go into for an ICB exam
Classroom trainees will do this through their colleges.
Distance learning trainees will enter upon the ICB Trainee Portal online.
Select your qualifications initially. Then pick he topics, exam dates and areas for your assessments, and send your test entry in addition to 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 also need to register to be analyzed for it. This is so that they can determine at the end of it whether you understand and understand the course product all right to pass. Each ICB programme is designed to have specific 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 crucial part of the ICB evaluation policy.
Each result requires 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 equates to 10 notional hours. Notional learning hours are considered to be the time taken by the average student to achieve the defined learning results.
What takes place if I fail my ICB exam?
Don\’t stress if you do not pass very first time, you can get a 2nd opportunity, With an ICB Re-Assesment If you are examined as \’not yet skilled\’ in a subject (you did not pass it), you will have a chance to compose one re-assessment, which is just a summative final exam with a pass mark of 60% (no PoE needed– the exam counts completely towards your grade).
You need to complete the re-assessment within 12 months of your original summative assessment date. We do suggest you compose your re-assessments as soon 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 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 particular 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 students will get their Portfolios straight.
Exactly what must I do when I get my PoE?
Analyze that your individual 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 important introduction of studying your ICB topic!
Your ICB Administration Guide informs you precisely what to do throughout your ICB research studies. It goes over methods to complete your PoE, and consists of great deals of types you have to end up.
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 topic, the ICB sets 3 Projects and 2 Tests that assist you to assess your knowledge during your studies.
Distance learning students will discover ICB Tests and Projects in their PoE when it gets here.
Classroom-based students will get their ICB Projects in their Portfolios, and their ICB Tests will be provided by their speakers throughout their research studies.
You\’ll similarly discover blank response books in your PoE for you to make up the answers to your ICB Tests and Assignments in.
Why is my PoE so essential?
The ICB finding experience is unique– our scholastic team has actually developed it to offer you the best possible possibility of discovering effectively and passing your topic the first time.
However it\’s not almost passing the test Our approach ensures you get a deep and extensive understanding of your course products.
So you do not merely get a credentials– you acquire skills that you can make use of in your job from day 1.
When do I hand in my PoE?
A few days prior to your last examination, go through the checklist in your ICB Portfolio Administration Guide and ensure you have actually 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 Final test
When you have finished composing your final exam, you need to include the exam question and response documents to your PoE, and hand everything in together. You can not send out the ICB anything else for your PoE after you have actually handed it in.
Ill on exam day?
You can apply for a medical post ponement and you\’ll need a medical certificate. Contact your college or the ICB for more information.
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 new PoE.
Everything You Had to Know
Wondering how you ICB course will be graded? It\’s easy. 30% of your last mark originates from the activities and assessments you undertake throughout your course. Your Portfolio of Evidence (PoE) is a folder given to you at the start of the course, when you have actually registered for an evaluation with the ICB. You\’ll have to put any tasks given to you along with the tests you take in it. Your PoE is total when your last evaluation is contributed to it at the end of your course.
Your last evaluation will count for the staying 70%– this is your exam. You will need to include it in your PoE, which an ICB-registered assessor will then examine to see if you really know your things. You\’ll need to get at least 50% for this exam to pass, regardless of your overall mark.
This doesn\’t imply that you can slack with your activities and evaluations during your studies, as they totally prepare you for the final assessment, as well as supply evidence of the hard work you\’ve.
What takes place if I have to hold off an evaluation?
Ought to you have to delay your ICB exams then you will need to inspect the Assessment Timetables to see when you need to send posts ponement by and pay a postponement cost. There are cut-offs for these for each evaluation cycle so ensure you request a post ponement in time.
If you have to postpone your evaluation because you\’re ill on the day, you can apply for a free postponement (include a medical professional\’s certificate with your request), which may be issued at the ICB\’s discretion. Evaluation for subjects can be held off once only if we have gotten your postponement cost in time.
Outcomes are released about 7 weeks after your examination. See the ICB exam timetables for results launch dates.
Distance learning students will be able to get their outcomes on the Student Portal, 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 sign up with a professional body like the ICBA.
What I can do with my ICB qualifications
In addition to making you attractive to employers and customers, your ICB qualifications can likewise lead you to these opportunities:.
Study further with the ICB
Accredited, credible and recognised qualifications.
All ICB qualifications are registered on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programs are valued by companies, and our graduates are recognised locally and globally by a number of professional bodies. ICB qualifications are modular, which implies you can build on them as your studies or career progress. You can also qualify in another program simply by completing a few more topics. See the table on page 7 for more.
Discover 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 further somewhere else 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 – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB uses.
CIMA uses training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can apply to CIMA for as much as 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 quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can study further through ACCA. You will get as much as 6 exemptions to enhance your studies towards becoming a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa provides a number of professional qualifications in this specific field of business governance, and grants exemptions for certain ICB topics.
Professional Membership Opportunities
Once you have actually finished your studies through the ICB, there are a number of local 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 variety of levels based upon your qualification( s) and work experience. The ICBA identifies all the ICB\’s existing qualifications, as well as other appropriate qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are likewise recognised, as long as they have been assessed by SAQA.
If you want to sign up as a tax specialist, you\’ll have to end up being a member of SAIT. SAIT acknowledges the ICB\’s FET Certificate: Bookkeeping, and the National Diploma: Technical Financial Accounting qualifications. Students who register with SAIT with the FET Certificate: Bookkeeping certification should update this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has several other membership requirements– please contact them for information.
Last Updated : July 24 2017