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ICB Short courses Financial Management

 

Why Study ICB short courses Financial Management?

The objectives of any business might consist of earning a profit, keeping stability, and producing job opportunity. People who study business short courses are given the opportunity to find out about handling businesses of numerous sizes. They also discover the relationships between businesses and the communities that they serve. Studying a business management short course may assist you on your way to becoming a leader in the business environment. The ICB provides a completely certified business management course programme.

Here is a list of ICB short courses in financial management you can select 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\"ICB

The Institute of Certified Bookkeepers is a Professional Body that has in fact existed due to the fact that 1931. In South Africa the functions of professional bodies utilize to integrate both Professional Membership in addition to Education and Training. Nevertheless, scholastic guidelines and laws recently made these bodies divided 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 (new) ICB, that is the body solely dealing with 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 Services).

This recommends that the ICB is licensed by FASSET to acknowledge training companies. Act as the assessment (exams) body for the ICB courses, utilized by training companies recognized by them.

Currently the QCTO (the Quality Council for Trades and Occupations) remains in the process

of handling the responsibility for all SETAs. That implies that FASSET \”falls under\” the QCTO. This might have some result on the info of the accreditation process 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 responsible for the quality control 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 categories on the National Qualifications Framework (NQF).

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

The primary purpose of the ICBA is to offer 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 be able to work?

All businesses require certified individuals in management.

The list below kinds of businesses are basic examples:

– Production businesses.

– Service companies.

– Retailers.

– Logistics and Supply Chain Supervisor Banks.

– Own business.

– Business Analyst.

– Operations Supervisor General Manager.

– Compliance Officer.

– Management Expert.

Exactly what are the benefits of studying financial management short courses?

Management requires 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 truths of business world.

– You will learn more about the Significance of teamwork.

– You will discover how to handle individuals.

– You will learn about entrepreneurship.

– You will be able to combine 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 get a better understanding of exactly what to expect from staff members.

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

– You will find out the best ways to interact better on a professional level.

Find out the best ways to make a business prosper!

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

Excellent business management is vitally important for a business\’s commercial success. In this ICB programme, you\’ll learn about business and financial management best practices, office and legal practice, human resource management, computer literacy, global business strategy and research techniques in commerce.

Your very first credentials in simply 3 topics

You can achieve the ICB Business Management: Foundation Level after finishing simply 3 subjects (and attain 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).

Duration.

9 months.

Entry requirements.

Grade 11 (Std 9) or equivalent.

Topics

  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, customer relations. Junior Researcher, Junior Expert, Sales Assistant.

What I\’ll have the ability to do

Show an understanding of the documentation, processing and recording of a business\’s financial deals. Interact efficiently with business stakeholders. Show that you understand what it means to be a general manager. Cost and rate items and manage working capital. Run a desktop computer.

Intermediate Level

Higher Certificate

Office Administration

NQF Level.

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

Duration.

+15 months.

Entry requirements.

National Certificate: Small Business Financial Management (need to include the Business Management 1 subject).

Topics

  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 Manager, Client service Manager.

Exactly what I\’ll be able to do

Manage your diary and work schedule as a supervisor. Operate effectively as a general office manager of a business. Apply marketing, law, PR, and economics concepts in business. Draw up and interpret financial declarations and reports. Work efficiently with the HR and labour relations departments. Use business growth concepts for regional and worldwide expansion.

Advanced Level

National Diploma

Financial Accounting

NQF Level.

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

Period.

+12 months.

Entry requirements.

Higher Certificate: Office Administration (should consist of the Business Management 2 subject).

Subjects

  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 argumentation, subject: Business Management) (RTAP).

What my title can be

Financial Accountant, Accounting Officer (through SAIBA if you meet their requirements). Field/Floor/Store/ Department Manager, Key Account Manager, Business Manager, Business Specialist, Business Consultant, Service or Sales Manager.

Exactly what I\’ll be able to do

Deal with management details systems at a corporate level. Prepare a business for internal/external audit. Apply concepts of tactical intent and strategic thinking in a worldwide business environment. Apply managerial finance and control concepts in a business environment. Prepare and interpret 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 students can get in the ICB tests in February, May, July, September and November. Tests happen at the ICB authorized assessment 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 incredible tool to help you study. Do not leave it to the eleventh hour or you\’ll actually be disadvantaging yourself!

Go into for an ICB exam

Classroom students will do this through their colleges.

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

Select your qualifications at first. Then pick he topics, exam dates and places for your examinations, and send your test entry together with the required fee. All trainees will get an e-mail validating their examination entries.

How does ICB examination work?

When you register 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 material all right to pass. Each ICB programme is developed 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 essential part of the ICB evaluation policy.

Each result needs a particular amount of time for you to accomplish 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 thought about to be the time taken by the typical student to attain the specified knowing outcomes.

Exactly what takes place if I fail my ICB exam?

Do not worry if you do not pass first time, you can get a 2nd chance, With an ICB Re-Assesment If you are examined as \’not yet proficient\’ 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 fully to your grade).

You must finish the re-assessment within 12 months of your original summative evaluation date. We do suggest 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 re-enter 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 topic.

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 trainees will get their Portfolios straight.

Exactly what must I do when I get my PoE?

Take a look at that your individual information on the cover are right. Let you\’re your college/the ICB comprehend As Soon As Possible if anything is wrong.

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

What\’s inside my PoE?

Your ICB Portfolio Administration Guide

This is your vital overview of studying your ICB topic!

Your ICB Administration Guide tells you exactly what to do throughout your ICB research studies. It goes over ways to complete your PoE, and contains lots of types you need to end up.

Conquer 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 subject, the ICB sets 3 Assignments and 2 Tests that assist you to examine your knowledge during your studies.

Distance learning trainees will find 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 offered by their speakers during their research studies.

Answer Books

You\’ll also find blank response books in your PoE for you to make up the answers to your ICB Tests and Projects in.

Why is my PoE so vital?

The ICB finding experience is unique– our scholastic team has created it to use you the best

possible chance of discovering successfully and passing your subject the very first time.

However it\’s not practically passing the test Our approach guarantees you get a deep and substantial understanding of your course items.

So you do not just get a qualification– you gain abilities 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 checklist in your ICB Portfolio Administration Guide and make certain you have actually done and consisted of everything. Make a copy of our whole PoE as a backup.

Take your completed PoE to your last test. You\’ll hand it there in.

Your Last test

When you have finished composing your last exam, you need to consist of the exam concern and answer 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.

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 to find out more.

Missed your exam?

If you did not attend your exam, and did not delay it in time, you\’ll have to start the topic over by returning to for the exam and getting a brand-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 carry out during 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 assessment with the ICB. You\’ll have to put any assignments given to you in addition to 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 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 check to see if you truly understand your stuff. You\’ll need to get at least 50% for this exam to pass, regardless of your total mark.

This doesn\’t imply that you can slack with your activities and examinations throughout your studies, as they fully prepare you for the final assessment, and also supply evidence of the effort you have actually.

What occurs if I need to delay an evaluation?

Ought to you have to postpone your ICB exams then you will have to examine the Assessment Timetables to see when you need to submit 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 postponement in time.

If you have to postpone your assessment due to the fact that you\’re ill on the day, you can apply for a totally free post ponement (consist of a physician\’s certificate with your request), which might be issued at the ICB\’s discretion. Evaluation for subjects can be delayed once only if we have received your post ponement charge in time.

Outcomes

Results are released about 7 weeks after your examination. See the ICB exam timetables for

outcomes release dates.

Distance learning students will be able to get their results on the Student Portal, and they will similarly be emailed to you.

Register with a professional body

If you have actually finished a full 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 companies and customers, your ICB qualifications can likewise lead you to these opportunities:.

Study further with the ICB

Accredited, reputable and identified 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 recognised 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 progress. You can likewise qualify in another program simply by completing a couple of more topics. See the table on page 7 for more.

Discover a job

In association with CareerJunction, South Africa\’s extremely popular job site, 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 appreciated, global, accounting professional bodies – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB uses.

CIMA offers training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials 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 accounting professionals, with over 110 years of experience, innovation and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study even more through ACCA. You will get approximately 6 exemptions to advance your studies towards becoming a Chartered Certified Accountant with ACCA.

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

Professional Membership Opportunities

Once you\’ve finished your studies through the ICB, there are a number of local and global 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 present qualifications, along with other relevant qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are likewise acknowledged, as long as they have actually been examined by SAQA.

If you want to register as a tax professional, 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 certification should upgrade this to the National Diploma: Technical Financial Accounting within a year of ending up being a member. SAIT has several other membership criteria– please call them for information.

Last Updated : July 24 2017

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