Need to know exactly what ICB business management career options you can enter after studying?
All businesses need certified people in management. Read all you need to know on Business Management courses here.
The following kinds of businesses are general career options you can enter into:
– Production businesses
– Service organizations
– Retailers.
– Logistics and Supply Chain Supervisor Banks.
– Own business.
– Business Analyst.
– Operations Manager General Supervisor.
– Compliance Officer.
– Management Expert.
– Human resources officer.
– Marketing executive.
– Sales executive.
– Systems analyst.
Why Study for a Business Management career?
People who study business courses are provided the possibility to learn about managing businesses of different sizes. They also learn about the relationships between businesses 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 completely certified business management course program.
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 integrate both Professional Membership along with Education and Training. Nevertheless, academic regulations and laws in the last few years made these bodies split those functions.
Therefore, 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 (brand-new) ICB, that is the body solely managing 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 suggests that the ICB is authorized by FASSET to recognize training business. Work as the evaluation (exams) body for the ICB courses, used by training companies certified by them.
Currently the QCTO (the Quality Council for Trades and Occupations) remains in the procedure of handling the obligation for all SETAs. That suggests that FASSET \”falls under\” the QCTO. This might have some impact on the details of the accreditation process 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 soon under authority of the QCTO), is accountable for the quality assurance 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 classifications on the National Qualifications Framework (NQF).
Usually 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 main goal of the ICBA is to provide professional membership to Junior and Senior Accountants, 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.
Exactly what are the benefits of studying for a ICB business management career?
Management requires a broad skill set that can benefit you in any workplace.
Here are some of the advantages of studying business management:
– You will acquire a good grasp of the realities of business world.
– You will learn about the Importance of team effort.
– You will learn ways to manage people.
– You will learn about 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 learn about various elements of running your own business.
– You will gain a much better understanding of exactly what to anticipate from workers.
– You will find out more about organizations and how they are structured.
– You will learn ways to engage better on a professional level.
Learn the best ways to make a business prosper!
This programme hits the spot if you have ambitions of managing a business and its finances.
Good business management is vitally important for a business\’s business success. In this ICB program, you\’ll learn about business and financial management finest practices, office and legal practice, human resource management, computer system literacy, worldwide business technique and research approaches in commerce.
Your very first credentials in just 3 subjects
You can achieve the ICB Business Management: Foundation Level after finishing simply 3 subjects (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.
Foundation Level
National Certificate
Small Business Financial Management
NQF Level.
( NQF L4 – SAQA ID 48736, overall credits: 120).
Period.
9 months.
Entry requirements.
Grade 11 (Std 9) or equivalent.
Subjects
- 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 Analyst, Sales Assistant.
What I\’ll be able to do
Show an understanding of the paperwork, 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. Expense and price products and manage working capital. Run a personal computer.
Intermediate Level
Higher Certificate
Office Administration
NQF Level.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
Duration.
+15 months.
Entry requirements.
National Certificate: Small Business Financial Management (must consist of the Business Management 1 subject).
Topics
- 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 Manager, Field/Floor/Store/ Department Supervisor, Customer care Manager.
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 statements and reports. Work efficiently with the HR and labour relations departments. Use business growth concepts for local and worldwide growth.
Advanced Level
National Diploma
Financial Accounting
NQF Level.
( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).
Period.
+12 months.
Entry requirements.
Higher Certificate: Office Administration (should consist of business Management 2 subject).
Subjects
- 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 (via SAIBA if you satisfy their criteria). Field/Floor/Store/ Department Manager, Key Account Manager, Business Manager, Business Consultant, Business Advisor, Service or Sales Manager.
What I\’ll be able to do
Work with management info systems at a business level. Prepare a business for internal/external audit. Apply concepts of tactical intent and tactical thinking in a global business environment. Apply managerial finance and control principles in an industrial environment. Draw up 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 examine what your college\’s schedule is.
Distance learning trainees can go into 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 assessments fees as early as possible, so we can send you your PoE ASAP. Your PoE is an unbelievable 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 trainees will enter upon the ICB Trainee Website online. You can learn more by reading the ICB Learner Portal step-by-step guide.
Select your qualifications at first. Then choose he subjects, exam dates and areas for your evaluations, and send your test entry together with the needed charge. All students will get an e-mail verifying their examination entries.
How does ICB examination work?
When you register to study an ICB course, you\’ll likewise need to sign up to be examined for it. This is so that they can identify at the end of it whether you know and understand 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 understand as a result of your studies. This is the most important part of the ICB assessment policy.
Each result requires a particular amount of time for you to achieve it. These hours are represented by credits. As defined by the South African Qualifications Authority (SAQA), and the ICB evaluation policy, 1 credit equates to 10 notional hours. Notional knowing hours are thought about to be the time taken by the average student to achieve the specified learning results.
What takes place if I fail my ICB exam?
Do not stress if you do not pass first time, you can get a 2nd opportunity, With an ICB Re-Assesment If you are evaluated as \’not yet qualified\’ in a topic (you did not pass it), you will have an opportunity to compose one re-assessment, which is just a summative final exam with a pass mark of 60% (no PoE required– the exam counts completely towards your grade).
You need to finish the re-assessment within 12 months of your initial summative assessment date. We do recommend you write your re-assessments as soon as you can, as subject material does alter. If you miss your re-assessment, or you are \’not yet proficient\’ in it, you can\’t redo it. You will need to return to 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 particular topic.
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 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 whole PoE and fill in details where you are asked to.
Exactly what\’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your vital summary of studying your ICB subject!
Your ICB Administration Guide tells you exactly what to do throughout your ICB research studies. It talks about methods to finish your PoE, and includes great deals of types you need to end up.
Conquer it step by step and follow all the directions in it, and you\’ll be on track for success!
ICB Tests and tasks
For each subject, the ICB sets 3 Assignments and 2 Tests that assist you to examine your understanding throughout your studies.
Distance learning students will discover ICB Tests and Tasks in their PoE when it gets here.
Classroom-based trainees will get their ICB Projects in their Portfolios, and their ICB Tests will be provided by their speakers throughout their research studies.
Answer Books
You\’ll likewise find blank answer 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 distinct– our scholastic team has actually developed it to use you the very best possible opportunity of learning effectively and passing your subject the very first time.
Nevertheless it\’s not practically passing the test Our approach guarantees you get a deep and comprehensive understanding of your course products.
So you don\’t simply get a certification– you acquire abilities that you can utilize 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 ended up PoE to your last test. You\’ll hand it there in.
Your Final test
When you have actually completed composing your final exam, you should include the exam concern and answer documents 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 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 delay it in time, you\’ll need to start the topic over by re-entering 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 comes from the activities and evaluations you carry out during your course. Your Portfolio of Evidence (PoE) is a folder given to you at the start of the course, as soon as you have actually signed up for an assessment with the ICB. You\’ll need to put any tasks provided to you along with the tests you take in it. Your PoE is total when your last evaluation is added to it at the end of your course.
Your last 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 check to see if you actually understand your stuff. You\’ll have to get at least 50% for this exam to pass, regardless of your overall mark.
This doesn\’t indicate that you can slack with your activities and examinations during your studies, as they totally prepare you for the last evaluation, as well as offer evidence of the effort you\’ve.
What takes place if I need to hold off an evaluation?
Must you have to delay your ICB exams then you will have to examine the Assessment Timetables to see when you need to send postponements by and pay a post ponement cost. There are cut-offs for these for each evaluation cycle so make certain you ask for 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 (consist of a doctor\’s certificate with your demand), which may be provided at the ICB\’s discretion. Evaluation for subjects can be held off once only if we have actually gotten your postponement cost in time.
Results
Results are launched about 7 weeks after your examination. See the ICB exam timetables for results launch dates.
Distance learning students will be able to get their results on the Student Website, and they will likewise be emailed to you.
Register with a professional body
If you have in fact ended up a complete accreditation, you can apply to sign up with a professional body like the ICBA.
Exactly what I can do with my ICB qualifications
As well as making you appealing to employers and clients, your ICB qualifications can also lead you to these chances:.
Study further with the ICB
Accredited, credible and recognised qualifications.
All ICB qualifications are signed up on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programs are valued by companies, and our graduates are acknowledged in your area and worldwide by a number of professional bodies. ICB qualifications are modular, which suggests you can build on them as your studies or career development. You can likewise qualify in another program just by completing a couple of more topics. See the table on page 7 for more.
Find a task
In association with CareerJunction, South Africa\’s hugely popular task website, 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 qualification.
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are respected, global, accounting professional bodies – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB offers.
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 accounting professionals, 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 further your studies to becoming a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa offers several professional qualifications in this specific field of corporate governance, and grants exemptions for certain ICB topics.
Professional Membership Opportunities
When 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 variety of levels based upon your certification( s) and work experience. The ICBA acknowledges all the ICB’s existing qualifications, along with 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 evaluated by SAQA.
If you want to register as a tax specialist, you\’ll have 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 certification need to upgrade this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has numerous other membership requirements– please contact them for details.
| Business Management careers in South Africa
Last Updated : March 26 2019