Why Study Business Management?
The goals of any business might include making a profit, keeping stability, and creating employment opportunities. Individuals who study business courses are offered the opportunity to learn about handling organisations of various sizes. They also learn about the relationships between companies and the neighborhoods that they serve. Studying a business management course might assist you on your way to becoming a leader in the business environment. The ICB uses a totally recognized business management course program.
The Institute of Certified Bookkeepers.
The Institute of Certified Bookkeepers is a Professional Body that has in fact existed because 1931. In South Africa the functions of professional bodies use to integrate both Professional Membership as well as Education and Training. Nevertheless, academic policies and laws in the last few years made these bodies split those functions.
Hence, the historic 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, which is the body entirely dealing with Academics, is an acknowledged Quality control 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. Function as the examination (exams) body for the ICB courses, used by training business accredited by them.
Currently the QCTO (the Quality Council for Trades and Occupations) remains in the process of handling the commitment for all SETAs. That suggests that FASSET “falls under” the QCTO. This might have some effect on the information of the accreditation procedure 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 soon under authority of the QCTO), is liable for the quality assurance and assessments (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 categories on the National Qualifications Structure (NQF).
Generally a student would study ICB qualifications, and on the strength of their qualifications, along with working experience, and sticking to a professional standard operating procedure, have the capability to obtain Membership.
The main objective of the ICBA is to offer professional subscription to Junior and Senior Accountants, in addition to Junior Accountants and Financial Accountants, in addition to Office Administrators. As an ICB trainee, you can get Trainee Subscription of the ICBA.
Where will I be able to work?
All businesses need qualified individuals in management. The list below types of businesses are basic examples:
– Manufacturing organisations
– Service organizations
– Retailers.
– Logistics and Supply Chain Manager Financial institutions.
– Own business.
– Business Analyst.
– Operations Manager General Supervisor.
– Compliance Officer.
– Management Expert.
Exactly what are the advantages of studying business management?
Management requires a broad capability that can benefit you in any working environment. Here are some of the benefits of studying business management:.
– You will gain a good grasp of the realities of business world.
– You will learn more about the Importance of teamwork.
– You will find out how to handle people.
– You will learn about entrepreneurship.
– You will have the ability to combine your business management knowledge and abilities with a range of other skills in order to pursue various career paths.
– You will learn about numerous aspects of running your own business.
– You will gain a much better understanding of exactly what to expect from workers.
– You will learn more about organizations and how they are structured.
– You will discover how to interact more effectively on a professional level.
Discover ways to make a business be successful!
This program is just the ticket if you have ambitions of handling a business and its finances.
Excellent business management is critically important for a business’s business success. In this ICB programme, you’ll learn more about business and monetary management best practices, office and legal practice, human resource management, computer literacy, global business strategy and research techniques in commerce.
Your first credentials in just 3 topics.
You can achieve the ICB Business Management: Foundation Level after finishing just 3 topics (and achieve the National Certificate: Small company Financial Management). Continue your studies to advance to the Intermediate and Advanced Levels, and their associated nationally acknowledged qualifications.
Foundation Level.
National Certificate.
Small company 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 personnels, office management, legal, administration, public relations, marketing, sales, customer relations. Junior Scientist, Junior Expert, Sales Assistant.
What I’ll be able to do.
Demonstrate an understanding of the paperwork, processing and recording of a business’s monetary deals. Interact successfully with business stakeholders. Program that you know what it suggests to be a basic supervisor. Cost and cost items and handle working capital. Run a desktop 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 (should consist of the 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 Manager, Field/Floor/Store/ Department Manager, Customer support Supervisor.
What I’ll have the ability to do.
Handle your journal and work schedule as a supervisor. Operate effectively as a basic office supervisor of a business. Apply marketing, law, PR, and economics principles in business. Prepare and translate financial statements and reports. Work efficiently with the HR and labour relations departments. Apply business development concepts for regional and global expansion.
Advanced Level.
National Diploma.
Financial Accounting.
NQF Level.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Duration.
+12 months.
Entry requirements.
Higher Certificate: Office Administration (must include the 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 Accounting professional, Accounting Officer (via SAIBA if you satisfy their criteria). Field/Floor/Store/ Department Manager, Key Account Supervisor, Business Supervisor, Business Consultant, Business Advisor, Service or Sales Supervisor.
Exactly what I’ll have the ability to do.
Work with management details systems at a business level. Prepare a business for internal/external audit. Apply principles of strategic intent and tactical thinking in a global business environment. Apply supervisory financing and control concepts in a business environment. Prepare and analyze financial statements and reports in accordance with IFRS.
You can start today!
Test Dates and Venues
Class students: The majority of the colleges hold examinations on-site monthly, so inspect what your college’s schedule is.
Distance learning students 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 examinations costs 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 truly be disadvantaging yourself!
Enter for an ICB exam
Class students will do this through their colleges.
Distance learning trainees will enter upon the ICB Student Website online
Select your qualifications initially. Then select he topics, examination dates and areas for your examinations, and send your test entry in addition to the needed cost. All trainees will get an email confirming their examination entries.
How does ICB examination work?
When you register to study an ICB course, you’ll also have to sign up to be analyzed for it. This is so that they can determine at the end of it whether you understand and comprehend the course material all right to pass. Each ICB program is developed to have specific results. These results are things that you will be able to do and understand as a result of your studies. This is the most vital part of the ICB assessment policy.
Each outcome requires a certain quantity of time for you to attain 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 knowing hours are considered to be the time taken by the typical student to achieve the specified knowing results.
What happens if I fail my ICB test?
Don’t 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 qualified’ in a subject (you did not pass it), you will have an opportunity to write one re-assessment, which is only a summative final exam with a pass mark of 60% (no PoE needed– the examination counts completely to your grade).
You should complete the re-assessment within 12 months of your original summative evaluation date. We do advise 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 renovate it. You will need to re-enter for the subject and begin it over by finishing a brand-new PoE.
When do I get my Portfolio of Proof?
Your PoE will show up 3-4 weeks after the ICB gets your examination entry for a specific subject.
How many Portfolios will I get?
You’ll get one PoE per subject per examination. Each PoE is customized to that particular subject. Distance learning students will get their Portfolios directly.
What must I do when I get my PoE?
Examine that your individual info 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.
What’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your important introduction of studying your ICB topic!
Your ICB Administration Guide tells you precisely what to do throughout your ICB research study studies. It goes over methods to finish your PoE, and consists of great deals of types you have to complete.
Conquer it step by step and follow all the directions in it, and you’ll be on track for success!
ICB Tests and projects
For each subject, the ICB sets 3 Projects and 2 Tests that help you to examine your knowledge throughout your research studies.
Distance learning students will find ICB Tests and Projects 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 study studies.
Response Books
You’ll also find blank answer books in your PoE for you to compose the answers to your ICB Tests and Assignments in.
Why is my PoE so crucial?
The ICB finding experience is unique– our scholastic group has developed it to provide you the absolute best possible opportunity of discovering effectively and passing your subject the first time.
However it’s not practically passing the test Our method ensures you get a deep and extensive understanding of your course products.
So you do not simply get a credentials– you gain abilities that you can make use of in your job from day 1.
When do I hand in my PoE?
A few days prior to your last examination, go through the list in your ICB Portfolio Administration Guide and ensure 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 Last test.
When you have actually finished composing your final exam, you should consist of the test concern and answer papers to your PoE, and hand everything in together. You can not send out the ICB anything else for your PoE after you have handed it in.
Sick on exam day?
You can obtain a medical postponement and you’ll need a medical certificate. Contact your college or the ICB to find out more.
Missed your examination?
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 originates from the activities and evaluations you undertake throughout your course. Your Portfolio of Evidence (PoE) is a folder provided to you at the start of the course, when you have actually registered for an evaluation with the ICB. You’ll have to put any projects 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 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 examine to see if you really understand your things. You’ll have to get at least 50% for this test to pass, regardless of your general mark.
This doesn’t mean that you can slack with your activities and examinations during your studies, as they completely prepare you for the last assessment, as well as provide evidence of the hard work you’ve.
What happens if I have to delay an evaluation?
Need to you need to postpone your ICB exams then you will have to examine the Evaluation Timetables to see when you have to send postponements by and pay a post ponement fee. There are cut-offs for these for each evaluation cycle so make sure you ask for a post ponement in time.
If you have to delay your assessment because you’re ill on the day, you can obtain a free post ponement (consist of a physician’s certificate with your request), which might be released at the ICB’s discretion. Evaluation for subjects can be delayed once only if we have actually received your post ponement fee in time.
Outcomes
Outcomes are released about 7 weeks after your examination. See the ICB examination timetables for outcomes release dates.
Distance learning students will have the ability to get their outcomes on the Trainee Portal, and they will also be emailed to you.
Register with a professional body
If you have actually completed a complete accreditation, you can apply to register with an expert body like the ICBA.
Exactly what I can do with my ICB qualifications
As well as making you appealing to employers and customers, your ICB qualifications can likewise lead you to these opportunities:
Study further with the ICB
Accredited, respectable 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 locally and internationally by numerous professional bodies. ICB qualifications are modular, which suggests you can build on them as your research studies or profession progress. You can likewise certify in another program just by completing a few more topics. See the table on page 7 for more.
Discover a Job
In association with CareerJunction, South Africa’s extremely popular task site, you can browse and request monetary and admin positions at www.icb.org.za/careers
Study further in other places with credit for your ICB credentials
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Qualified Accountants (ACCA) are appreciated, worldwide, accounting expert bodies – locateded in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB provides.
CIMA uses training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can apply to CIMA for as much as 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 expert 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 receive up to 6 exemptions to further your research studies towards becoming a Chartered Qualified Accounting professional with ACCA.
Chartered Secretaries Southern Africa provides a number of professional qualifications in this specific field of business governance, and grants exemptions for certain ICB topics.
Expert Subscription Opportunities
As soon as you have actually finished your research studies through the ICB, there are a number of regional and global expert bodies that you can apply to for professional membership.
The ICBA is the sibling organisation of the ICB and grants subscription … at a variety of levels based on your certification(s) and work experience. The ICBA identifies all the ICB’s present qualifications, in addition to other relevant qualifications that are signed up on the South African National Qualifications Structure. Foreign qualifications are also identified, as long as they have been assessed by SAQA.
If you wish to register as a tax specialist, you’ll have to become a member of SAIT. SAIT recognises the ICB’s FET Certificate: Accounting, and the National Diploma: Technical Financial Accounting qualifications. Trainees who register with SAIT with the FET Certificate: Accounting qualification should upgrade this to the National Diploma: Technical Financial Accounting within a year of ending up being a member. SAIT has a number of other subscription criteria– please contact them for details.