What will you find in the ICB Business Management brochure?
The objectives of any business may include making a profit, keeping stability, and developing employment opportunities. People who study business courses are given the chance to find out about managing services of numerous sizes. They likewise find out about the relationships between services and the communities that they serve. Studying a business management course might assist you on your way to becoming a leader in the business environment. The ICB offers a totally recognized business management course programme.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has really existed since 1931. In South Africa the functions of professional bodies use to integrate both Professional Membership as well as Education and Training. However, academic policies and laws recently made these bodies split those functions.
Thus, the historical 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 (new) ICB, that is the body solely managing Academics, is an acknowledged 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 authorized by FASSET to acknowledge training business. Act as the assessment (exams) body for the ICB courses, used by training business certified by them.
Currently the QCTO (the Quality Council for Trades and Occupations) remains in the procedure of managing the obligation for all SETAs. That indicates that FASSET \”falls under\” the QCTO. This may have some impact on the information of the accreditation process in the future. Both FASSET and the QCTO are bodies established 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 assurance and examinations (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 acknowledged by SAQA as a Professional Body and for the registration of 7 professional classifications 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 staying with a professional guideline, have the ability 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 student, you can get Trainee Subscription of the ICBA.
Where will I have the ability to work?
All businesses require certified people in management.
The list below types of companies are basic examples:
– Manufacturing services
– Service organizations
– Logistics and Supply Chain Manager Financial institutions.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Consultant.
Exactly what are the advantages of studying business management?
Management involves a broad skill set that can benefit you in any working environment.
Here are some of the benefits of studying business management:
– You will acquire a great grasp of the realities of the business world.
– You will discover the Value of teamwork.
– You will discover how to handle people.
– You will learn about entrepreneurship.
– You will have the ability to integrate your business management knowledge and skills with a variety of other skills in order to pursue various career courses.
– You will discover different aspects of running your very own business.
– You will acquire a much better understanding of exactly what to anticipate from staff members.
– You will discover more about organizations and how they are structured.
– You will learn how to communicate more effectively on a professional level.
Find out how to make a business be successful!
This programme is just the ticket if you have ambitions of managing a business and its finances.
Great business management is essential for a business\’s commercial success. In this ICB program, you\’ll find out about business and financial management finest practices, office and legal practice, human resource management, computer system literacy, global business technique and research techniques in commerce.
Your very first credentials in just 3 subjects
You can accomplish the ICB Business Management: Foundation Level after finishing 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.
( 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, consumer relations. Junior Scientist, 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. Interact effectively with the business stakeholders. Program that you know exactly what it means to be a basic supervisor. Expense and rate items and manage working capital. Run a computer.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (need to consist of business Management 1 subject).
- 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 Manager, Labour Relations Manager, Field/Floor/Store/ Department Manager, Customer Service Manager.
What I\’ll have the ability to do
Manage your diary and work schedule as a supervisor. Run effectively as a general office
supervisor of a business. Apply marketing, law, PR, and economics concepts in business. Prepare and interpret financial declarations and reports. Work effectively with the HR and labour relations departments. Apply business development principles for regional and worldwide expansion.
( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).
Higher Certificate: Office Administration (must consist of 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, subject: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (through SAIBA if you fulfill their requirements). Field/Floor/Store/ Department Supervisor, Secret Account Supervisor, Business Supervisor, Business Specialist, Business Consultant, Service or Sales Manager.
What I\’ll be able to do
Deal with management info 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 concepts in an industrial environment. Prepare and analyze financial statements and reports in accordance with IFRS.
Test Dates and Venues
Class students: Most of the colleges hold exams on-site monthly, so check what your college\’s schedule is.
Distance learning students can go into the ICB tests in February, May, July, September and November. Tests occur at the ICB authorized assessment centres around southern Africa.
Pay your ICB registration and examinations charges 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 actually be disadvantaging yourself!
Get in for an ICB exam
Class students will do this through their colleges.
Distance learning trainees will enter upon the ICB Trainee Portal online.
Select your qualifications initially. Then pick he subjects, exam dates and areas for your assessments, and send your test entry in addition to the required charge. 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 likewise need to sign up to be taken a look at for it. This is so that they can identify at the end of it whether you understand and comprehend the course product all right to pass. Each ICB programme is designed to have particular outcomes. These results are things that you will be able to do and understand as a result of your studies. This is the most essential part of the ICB assessment policy.
Each result requires a particular quantity of time for you to achieve 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 considered to be the time taken by the average trainee to attain the defined knowing outcomes.
Exactly what happens if I fail my ICB exam?
Don\’t stress if you do not pass first time, you can get a second opportunity, With an ICB
Re-Assesment If you are assessed as \’not yet qualified\’ in a topic (you did not pass it), you will have a chance to compose one re-assessment, which is only a summative final exam with a pass mark of 60% (no PoE required– the exam counts totally to your grade).
You must finish the re-assessment within 12 months of your initial summative evaluation date. We do suggest you compose 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 cannot redo it. You will need to return to for the subject and start it over by completing 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 topic.
How many Portfolios will I get?
You\’ll get one PoE per subject per exam. Each PoE is customized to that particular subject.
Distance learning trainees will get their Portfolios directly.
What must I do when I get my PoE?
Examine that your specific info on the cover are right. Let you\’re your college/the ICB understand As Soon As Possible 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 important summary of studying your ICB subject!
Your ICB Administration Guide informs you precisely what to do throughout your ICB research studies. It goes over ways to complete your PoE, and contains great deals of types you need to finish.
Overcome 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 Assignments and 2 Tests that help you to evaluate your knowledge throughout your studies.
Distance learning students will discover ICB Tests and Assignments in their PoE when it gets here.
Classroom-based students will get their ICB Projects in their Portfolios, and their ICB Tests will be offered by their lecturers during their research studies.
You\’ll also discover blank answer books in your PoE for you to compose 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 actually created it to use you the best possible possibility of learning successfully and passing your topic the very first time.
However it\’s not nearly passing the test Our approach guarantees you get a deep and comprehensive understanding of your course items.
So you don\’t merely get a certification– you acquire skills that you can make use of in your job 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 certain you have really 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 Final test
When you have actually finished composing your final exam, you should include the exam question 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 handed it in.
Sick 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 details.
Missed your exam?
If you did not attend your exam, and did not postpone it in time, you\’ll need to begin 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 assessments you carry out throughout your course. Your Portfolio of Evidence (PoE) is a folder provided to you at the start of the course, once you have actually signed up for an evaluation with the ICB. You\’ll have to put any assignments given to you along with the tests you take in it. Your PoE is complete 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 understand your stuff. You\’ll have 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 examinations throughout your studies, as they fully prepare you for the final evaluation, as well as offer evidence of the hard work you have actually.
What takes place if I have to delay an evaluation?
Should you have to postpone your ICB exams then you will need to check the Evaluation Timetables to see when you need to send posts ponement by and pay a postponement charge. There are cut-offs for these for each evaluation cycle so make sure you ask for a post ponement in time.
If you need to delay your evaluation due to the fact that you\’re ill on the day, you can apply for a complimentary post ponement (include a physician\’s certificate with your request), which might be issued at the ICB\’s discretion. Evaluation for subjects can be postponed once only if we have received your postponement fee in time.
Outcomes are released about 7 weeks after your examination. See the ICB exam schedules for results launch dates.
Distance learning students will have the ability to get their results on the Student Website, and they will similarly be emailed to you.
Register with a professional body
If you have in fact ended up a complete certification, you can apply to join a professional body like the ICBA.
Exactly what I can do with my ICB qualifications
As well as making you attractive to employers and customers, your ICB qualifications can likewise lead you to these chances:.
Study further with the ICB
Accredited, respectable and acknowledged 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 employers, and our graduates are acknowledged locally and worldwide by several 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 programme just by completing a few more topics. See the table on page 7 for more.
In association with CareerJunction, South Africa\’s extremely popular job 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 credentials.
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are appreciated, worldwide, accounting professional bodies – locateded in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB provides.
CIMA provides training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials 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 accountants, with over 110 years of experience, development and excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can study even more through ACCA. You will receive approximately 6 exemptions to advance your studies towards becoming a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa provides a number of professional qualifications in this particular field of business governance, and grants exemptions for certain ICB subjects.
Professional Membership Opportunities
When you have actually completed your studies through the ICB, there are numerous regional 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 variety of levels based on your credentials( s) and work experience. The ICBA recognises all the ICB\’s current qualifications, as well as other appropriate qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are also acknowledged, as long as they have been assessed by SAQA.
If you want to register as a tax professional, you\’ll need 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 credentials need to update this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has several other membership criteria– please contact them for details.
Last Updated : July 24 2017