Can I study ICB Bookkeeping if I do not have a Matric Certificate?
Yes, you can pass ICB Bookkeeping without Matric.
All the ICB courses start at NQF level 3. Trainees begin at a level listed below matric. Keep studying the programme, and course by course you will increase up the NQF level 6, which is two levels higher than matric.
The ICB has established their courses to assist trainees who did not complete school, and who needs to study and work at the same time. You start with the easy concepts and work, and construct on that foundation, till you are ultimately a professional!
As a home study student you can study an hour in the night three or four times weekly. With 5 examination opportunities in 2017, you understand that as quickly as you are ready, you can sign up for the next exam.
This is how you develop your accreditations; action by step.
As you progress with the program, you will get acknowledgment at the different levels. After concluding the first four topics, you will get your first certificate from FASSET, and your first ICB Programme Certificate.
ICB Bookkeeping Courses through Distance Learning
The ICB bookkeeping programme is comprised of four different levels. Inside each level can be several courses.
- Foundation Level
- Intermediate Level
- Upper Intermediate Level
- Advanced Level
As you finish each level, you will get approved by the ICB. You will get an ICB Certificate. As you finish the different courses inside the levels, you will get recognition from FASSET in the type of your formal qualification from FASSET.
Foundation Level
National Certificate: Bookkeeping (NQF Level 3) – Foundation Level
The foundation level is the beginning point for lots of students. If you did refrain from doing that well at school, or you stopped matric, or you have actually not studied for various years, then the foundation level assists you to bridge the gap and return to studying.
Academically the level is NQF 3. That is the level noted below matric, so we comprehend that trainees with Grade 10 (Standard 8) will be able to manage the scholastic level of the work.
You do not need any previous accounting or accounting understanding if you start at this level. And you need to be a minimum of 16 years of age to be accepted onto the program.
To finish this level you must pass four topics. The suggested time to complete this level is 12 months. Range finding out trainees can take up to 18 months.
Intermediate Level
FET Certificate: Bookkeeping (NQF level 4) – Intermediate Level
The intermediate level are for students who have successfully completed the foundation level. It is your 2nd action on the ladder to becoming a Financial Accountant.
To enter this level, you should have passed the foundation level. That implies you must already have your National Certificate: Bookkeeping to enter this level.
To complete this level you have to pass two subjects. Various students complete this level in 6 months. Correspondence learning trainees can utilize up to nine months to finish this level.
Upper Intermediate Level
National Diploma: Technical Financial Accounting (NQF level 5) – Upper Intermediate Level
At this level you move from Bookkeeper to Accountant. If your dream is to end up being an Accountant, then this level will get you there!
To enter this level you require to have passed the Intermediate level. That implies you need to have your FET Certificate: Bookkeeping to get entry to the Upper Intermediate Level
To finish this level you have to pass two subjects. The advised time of study is 6 months. Home Study students can consume to 9 months to complete this level.
Advanced Level
National Diploma: Financial Accounting (NQF level 6) – Advanced Level.
This is the greatest level of ICB studies. Here you will get your National Diploma: Financial Accounting (NQF Level 6). To enter this level you need to have passed all the previous levels. That indicates you need to be in ownership of your National Diploma: Technical Financial Accounting.
To pass this level you need to effectively complete four subjects. Students typically take around 12 months to finish this level. Distance learning students can take a bit longer, certainly.
ICB Correspondence Colleges – Accreditation
In order to become accredited the ICB investigates the methods and application of each college to ensure that their practices are of a high quality. After sending out a portfolio of documents to validate the application, each college is gone to by a quality assurance supervisor from the ICB. At the college site a variety of things are checked, to make sure the college is successfully able to offer these ICB courses.
Some of the crucial things a college need to reveal at a site evaluation from the ICB, are their financials, quality study materials, proper systems and processes to offer distance learning, certified staff, a tax clearance certificate and an OHS certificate to reveal that the college is safe for staff and students.
After efficiently passing the site assessments, these colleges received their accreditation from the ICB. That indicates they have an accreditation certificate for each ICB programme that they are recognized to provide.
ICB Learner Portal
The ICB has a student website for home study students. Through the ICB student portal you can access a variety of self-service functions. You can also ask your college to access these functions in your area if you do not have internet access to, or if you have a tough time to use the portal.
Some of the important things you can do via the learner portal are:
- View and edit your personal and contact information
- Order a reprint of a certificate you accomplished
- Pay your ICB fees (Credit Card).
- Register for Exams.
- See your Exam Results.
Here is a video with the details!
ICB Bookkeeping Courses Fees
There are a number of different costs that you must prepare for, if you are going to study an ICB course. Here are some of the significant costs you have to understand and plan for:
- Study fees with your distance learning college.
- Book charges. Some colleges will include this in your course charges.
- Carrier costs. Skills Academy includes this in your course charges.
- Test charges. Usually you pay this straight to the ICB, so it is not consisted in your course fees.
- ICBA Student Membership charges. These fees are normally not included in your course costs.
- ICB Student Registration costs. This is a yearly fee that is generally not included in your course charges.
ICB Registration
When you choose to study an ICB certification, you require to remember a number of things that are all part of your ICB Registration, being:
- Annual ICB Student Registration
- Registration with a home research study college
- ICB Exam Registration
- ICB Exams
The ICB provides five test sessions to home study students in 2017. You should ensure you understand the test costs. And it is crucial that you sign up for your examination, three months prior for to you prepare for the examination.
If you have not registered for that exam, you can not show up at the test centre and expect an exam and a seat paper.
The difference between Bookkeeping and Accounting Courses
Accounting and Bookkeeping are two sides of the same thing. At the entry level, it is called accounting. In accounting you are working with the precise recording of all the deals of a business or department. You make sure that revenues and all cost are correctly tape-recorded.
When you have moved a few steps up on the ladder, you begin reporting on the bookkeeping details, and you begin assessing the info. At the level where your job ends up being more complicated, given that you are also examining and reporting service financial info, we begin calling it Accounting.
An Accountant is a senior Bookkeeper. And a Bookkeeper is a junior Accountant!
Why Study Bookkeeping?
The government body for qualifications in the financial sector, FASSET, has done a research study on scarce skills in 2015. From that study they released their Scarce Skills Guide 2015.
FASSET is the SETA for Finance, Accounting, Management Consulting and other Financial Services. In their scarce skills direct they identified the following as scarce abilities:
- Trainee Accountant
- Finance Manager
- General Accountant
- Accounts Clerk
- Payroll Clerk
- Debt Collector
These are all positions for which an ICB accounting course will prepare you for. Your accounting accreditation will ensure that you are constantly in demand. It is a wonderful career that can take you to the highest level in an organisation.
The scarcity of accounting abilities likewise affects federal government departments. All federal government departments have accounting and bookkeeping divisions. And they work every year to get a successful audit. To get a tidy audit implies that they need experienced, licensed, committed and experienced bookkeeping and accounting personnel and supervisors.
As a certified accountant or accountant, you will constantly stay in need. Either in private service, or in a federal government department, which can include both municipalities, along with larger national federal government departments.
Study further after completing your program – Other Courses
The ICB has acknowledgment plans with a variety of other professional bodies. Depending upon exactly what credentials you have finished with the ICB, you can get credits towards qualifications with these bodies.
Here is a list of a few of the bodies that will determine your ICB accreditations as counting to a few of their programs, in addition towards membership of these professional bodies:
- South African Business Accountants (SAIBA)
- South African Institute for Tax Professionals (SAIT)
- Chartered Institute of Management Accountants (CIMA)
Keep in mind: You will need to use these expert bodies. And they each have their own set of entrance requirements and guidelines.
The Institute of Certified Bookkeepers and Accountants (ICBA)
The ICBA is an expert body that uses subscription to students studying ICB courses. At first you can simply become a Student Member. Nevertheless as quickly as you have really finished your initial certification, you will be get approved for Professional Membership.
This suggests you get to utilize a specialist designation behind your name on your company card. In this approach you reveal your coworkers and your clients that you are distinguished in your profession, which you are acknowledged as a professional by the ICBA.
The various qualifications create numerous categories. So make certain to discover more about the ICBA early on in your research study studies. This is a terrific approach to enhance your CV and your professional status.
All the ICB courses start at NQF level 3. Keep studying the programme, and course by course you will rise up the NQF level 6, which is 2 levels higher than matric.
As you complete each level, you will get licensed by the ICB. Home Study students can use up to 9 months to finish this level.
To enter this level you should have passed all the previous levels.
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Last Updated: 14th June, 2017