Want to know exactly what Business Management career you can enter after studying?
All businesses need qualified individuals in management.
The list below kinds of businesses are basic examples for a Business Management career:
– Manufacturing businesses
– Service companies
– Retailers.
– Logistics and Supply Chain Manager Financial institutions.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Expert.
Why Study for a Business Management career?
Individuals who study business courses are offered the opportunity to find out about handling businesses of different sizes. They likewise learn about the relationships in between businesses and the communities that they serve. Studying a business management course might help you on your way to becoming a leader in a Business Management career. The ICB uses 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 incorporate both Professional Membership as well as Education and Training. However, scholastic regulations and laws in recent years made these bodies divided those functions.
Hence, the historical ICB was divided into a Professional Body and an Academic Body in 2015. The instructional 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 Financing, Accounting, Management Consulting and other Financial Services).
This recommends that the ICB is licensed by FASSET to recognize training business. Act as the evaluation (examinations) body for the ICB courses, used by training companies recognized by them.
Currently the QCTO (the Quality Council for Trades and Occupations) is in the procedure of handling the responsibility for all SETAs. That indicates that FASSET \”falls under\” the QCTO. This may have some result 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 accountable 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 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 adhering to a professional standard procedure, have the capability to obtain Membership.
The main 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 student, you can get Trainee Subscription of the ICBA.
Exactly what are the advantages of studying for a Business Management career?
Management involves a broad capability that can benefit you in any workplace.
Here are some of the benefits of studying business management and going into a Business Management career:
– You will get a good grasp of the realities of the business world.
– You will learn about the Significance of teamwork.
– You will find out the best ways to handle people.
– You will learn more about entrepreneurship.
– You will be able to integrate your business management understanding and skills with a series of other abilities in order to pursue different career courses.
– You will learn about numerous elements of running your own business.
– You will acquire a better understanding of exactly what to anticipate from staff members.
– You will learn more about companies and how they are structured.
– You will discover ways to communicate more effectively on a professional level.
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.
Great business management is vitally important for a company\’s commercial success. In this ICB program, you\’ll learn about business and monetary management finest practices, office and legal practice, personnel management, computer system literacy, global business method and research methods in commerce.
Your very first credentials in simply 3 subjects
You can accomplish the ICB Business Management: Foundation Level after completing simply 3 subjects (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.
Foundation Level
National Certificate
Small Business Financial Management
NQF Level.
( NQF L4 – SAQA ID 48736, total credits: 120).
Duration.
9 months.
Entry requirements.
Grade 11 (Std 9) or comparable.
Topics
- 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, customer relations. Junior Researcher, Junior Analyst, Sales Assistant.
What I\’ll have the ability to do
Demonstrate an understanding of the paperwork, processing and recording of a business\’s financial deals. Communicate efficiently with the business stakeholders. Show that you understand what it indicates to be a basic supervisor. Expense and cost items and handle working capital. Operate a computer. This is the first step into a Business Management career.
Intermediate Level
Higher Certificate
NQF Level.
( NQF L5 – SAQA ID 23619, total cumulative credits: 240).
Period.
+15 months.
Entry requirements.
National Certificate: Small Business Financial Management (must include business Management 1 topic).
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 Manager, Labour Relations Supervisor, Field/Floor/Store/ Department Manager, Customer care Manager.
What I\’ll have the ability to do
Handle your journal and work schedule as a manager. Operate efficiently as a general office manager of a business. Apply marketing, law, PR, and economics concepts in business. Prepare and translate financial statements and reports. Work efficiently with the HR and labour relations departments. Use business development concepts for regional and worldwide expansion. This is the second part of the road to a Business Management career.
Advanced Level
National Diploma
NQF Level.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Duration.
+12 months.
Entry requirements.
Higher Certificate: Office Administration (need to 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, subject: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (via SAIBA if you fulfill their requirements). Field/Floor/Store/ Department Manager, Secret Account Manager, Business Supervisor, Business Expert, Business Advisor, Service or Sales Supervisor.
Exactly what I\’ll be able to do
Work with management information systems at a business level. Prepare a business for internal/external audit. Apply principles of tactical intent and strategic thinking in a global business environment. Apply supervisory financing and control principles in a commercial environment. Draw up and interpret financial declarations and reports in accordance with IFRS. This is the final part and once completing can get you into a Business Management career.
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 occur at the ICB approved 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 incredible tool to assist you study. Do not leave it to the eleventh hour or you\’ll actually be disadvantaging yourself!
Enter for an ICB exam
Classroom students will do this through their colleges.
Distance learning students will enter upon the ICB Student Website online.
Select your qualifications at first. Then choose he topics, exam dates and areas for your examinations, and send your test entry in addition to the needed charge. All students will get an e-mail validating their examination entries.
How does ICB examination work?
When you register to study an ICB course, you\’ll likewise need to register to be taken a look at 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 program is created to have particular results. These results are things that you will be able to do and comprehend as a result of your research studies. This is the most crucial part of the ICB assessment policy.
Each outcome requires a certain amount of time for you to accomplish 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 attain the specified knowing results.
What takes place if I fail my ICB exam?
Do not worry if you do not pass first time, you can get a second possibility, With an ICB Re-Assesment If you are assessed as \’not yet skilled\’ in a topic (you did not pass it), you will have an opportunity to write one re-assessment, which is just a summative last exam with a pass mark of 60% (no PoE needed– the exam counts totally to your grade).
You must complete the re-assessment within 12 months of your initial summative assessment date. We do recommend 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 qualified\’ in it, you cannot renovate it. You will need to re-enter for the subject and start 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 topic. Distance learning trainees will get their Portfolios straight.
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 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 essential overview of studying your ICB subject!
Your ICB Administration Guide informs you exactly what to do throughout your ICB research studies. It discusses methods to complete your PoE, and contains great deals of types you need to complete.
Overcome 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 evaluate your understanding throughout your studies.
Distance learning trainees will discover 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 used by their lecturers throughout their research studies.
Response Books
You\’ll also discover blank answer books in your PoE for you to compose the answers to your ICB Tests and Assignments in.
Why is my PoE so important?
The ICB discovering experience is distinct– our scholastic group has developed it to use you the best possible possibility of learning successfully and passing your subject the very first time.
Nevertheless it\’s not practically passing the test Our approach ensures you get a deep and comprehensive understanding of your course products.
So you don\’t merely get a qualification– you get skills that you can make use of in your task from day 1.
When do I hand in my PoE?
A number of days before your last examination, go through the checklist in your ICB Portfolio Administration Guide and make sure you have really done and included everything. Make a copy of our whole PoE as a backup.
Take your finished PoE to your last test. You\’ll hand it there in.
Your Last test
When you have actually finished composing your last exam, you should include the exam concern and response papers 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 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 carry out throughout your course. Your Portfolio of Evidence (PoE) is a folder offered to you at the start of the course, once you\’ve signed up for an assessment with the ICB. You\’ll need to put any tasks provided to you as well as the tests you take in it. Your PoE is total when your final assessment is added to it at the end of your course.
Your final assessment 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 stuff. You\’ll need to get at least 50% for this exam to pass, despite your general mark.
This doesn\’t indicate that you can slack with your activities and assessments throughout your studies, as they totally prepare you for the final assessment, and also supply evidence of the hard work you have actually.
What happens if I need to postpone an assessment?
Must you need to delay your ICB exams then you will need to inspect the Assessment Timetables to see when you need to submit postponements by and pay a post ponement charge. There are cut-offs for these for each assessment cycle so make certain you request a postponement in time.
If you need to postpone your assessment since you\’re ill on the day, you can apply for a totally free post ponement (consist of a doctor\’s certificate with your request), which might be provided at the ICB\’s discretion. Examination for topics can be postponed once only if we have actually received your post ponement charge in time.
Results
Results are launched about 7 weeks after your examination. See the ICB exam schedules for outcomes release dates.
Distance learning students will be able to get their outcomes on the Trainee Website, and they will likewise be emailed to you.
Register with a professional body
If you have in fact completed a full certification, you can apply to join a professional body like the ICBA.
Exactly what I can do with my ICB qualifications
Along with making you appealing to companies and customers, your ICB qualifications can likewise lead you to these opportunities:
Study further with the ICB
Accredited, credible and acknowledged 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 companies, and our graduates are recognised in your area and worldwide by numerous professional bodies. ICB qualifications are modular, which indicates you can build on them as your studies or career development. You can likewise certify in another programme just by completing a couple of more topics. See the table on page 7 for more.
Find a job
In association with CareerJunction, South Africa\’s extremely popular task 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 qualification
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accounting professionals (ACCA) are appreciated, worldwide, accounting professional bodies – locateded in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB provides.
CIMA offers training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification 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 excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study even more through ACCA. You will receive as much as 6 exemptions to advance your studies towards ending up being a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa uses a number of professional qualifications in this specific field of corporate governance, and grants exemptions for certain ICB subjects.
Professional Membership Opportunities
As soon as you\’ve completed your studies through the ICB, there are several 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 number of levels based upon your certification(s) and work experience. The ICBA acknowledges all the ICB\’s present qualifications, along with other appropriate qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are also identified, as long as they have actually been examined by SAQA.
If you want to sign up as a tax practitioner, you\’ll need 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 sign up 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 numerous other membership requirements– please contact them for details.
| Diploma in Business Management career options
Last Updated : July 24 2017