Why Study Business Management?
The goals of any business might include earning a profit, keeping stability, and producing job opportunity. Individuals who study business courses are offered the possibility to learn about handling organisations of various sizes. They also learn about the relationships between organisations and the neighborhoods that they serve. Studying a business management course may assist you on your way to becoming a leader in the business environment. The ICB uses a totally recognized business management course programme.
If completing Matric is not an option for you, there are some accredited ICB Courses that you can take without a matric certificate. The Small Business Financial Management Course is one such accredited course that you could pursue. You must have a grade 11 to register for this course.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has really existed because 1931. In South Africa the functions of professional bodies utilize to incorporate both Professional Subscription in addition to Education and Training. Nevertheless, scholastic 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 educational body continues under the name Institute of Certified Bookkeepers.
The (brand-new) ICB, that is the body entirely managing Academics, is a recognized Quality control Partner of FASSET. FASSET is the Sector Education and Training Authority for Funding, Accounting, Management Consulting and other Financial Solutions).
This recommends that the ICB is licensed by FASSET to recognize training companies. Act as the assessment (tests) body for the ICB courses, utilized by training companies certified by them.
Currently the QCTO (the Quality Council for Trades and Occupations) is in the process of managing the obligation for all SETAs. That suggests 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 soon under authority of the QCTO), is responsible 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 classifications on the National Qualifications Framework (NQF).
Generally a trainee would study ICB qualifications, and on the strength of their qualifications, in addition to working experience, and adhering to a professional guideline, have the capability to get Membership.
The primary goal of the ICBA is to supply professional subscription 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 organisations need certified individuals in management. The following kinds of businesses are basic examples:
– Manufacturing services
– Service companies
– Retailers.
– Logistics and Supply Chain Manager Financial institutions.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Specialist.
What are the advantages of studying a business management course?
Management involves a broad capability that can benefit you in any workplace. Here are some of the advantages of studying business management:.
– You will gain a great grasp of the realities of the business world.
– You will learn about the Importance of teamwork.
– You will discover ways to manage people.
– You will learn more about entrepreneurship.
– You will have the ability to combine your business management understanding and abilities with a range of other abilities in order to pursue different profession paths.
– You will learn more about various elements of running your own business.
– You will acquire a better understanding of what to expect from employees.
– You will find out more about companies and how they are structured.
– You will discover ways to connect better on a professional level.
Find out how to make a business succeed!
This programme is just the ticket if you have ambitions of managing a business and its financial resources.
Excellent business management is essential for a business’s industrial success. In this ICB program, you’ll learn more about business and monetary management finest practices, office and legal practice, personnel management, computer system literacy, international business technique and research techniques in commerce.
Your very first qualification in simply 3 topics
You can accomplish the ICB Business Management: Foundation Level after completing just 3 subjects (and achieve the National Certificate: Small Business Financial Management). Continue your research studies to progress to the Intermediate and Advanced Levels, and their associated nationally recognized 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.
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.
Exactly what I’ll have the ability to do.
Demonstrate an understanding of the documentation, processing and recording of a business’s monetary deals. Interact successfully with business stakeholders. Program that you know exactly what it means to be a basic manager. Expense and price items and handle working capital. Operate a desktop computer.
Intermediate Level
Higher Certificate.
Office Administration.
NQF Level
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
Period
+15 months.
Entry requirements
National Certificate: Small Business Financial Management (need to include the Business Management 1 subject).
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 Supervisor, Human Resources Manager, Labour Relations Manager, Field/Floor/Store/ Department Manager, Customer support Supervisor.
What I’ll be able to do.
Manage your journal and work schedule as a manager. Operate effectively as a general office supervisor of a business. Apply marketing, law, PR, and economics principles in business. Draw up and interpret monetary statements and reports. Work effectively with the HR and labour relations departments. Apply business growth principles for local and global expansion.
Advanced Level
NQF Level
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Duration
+12 months.
Entry requirements
Higher Certificate: Office Administration (should include the Business Management 2 subject).
Topics
- Business Management 3 (BMT3).
- Financial Management and Control (FMCL).
- Financial Reporting and Regulatory Frameworks (FRRF).
- Research Theory and Practice (by brief dissertation, topic: Business Management) (RTAP).
What my title can be
Financial Accountant, Accounting Officer (via SAIBA if you satisfy their requirements). Field/Floor/Store/ Department Manager, Secret Account Manager, Business Manager, Business Expert, Business Advisor, Service or Sales Manager.
Exactly what I’ll be able to do
Deal with management information systems at a corporate level. Prepare a business for internal/external audit. Apply principles of tactical intent and tactical thinking in a worldwide business environment. Apply supervisory financing and control concepts in a commercial environment. Draw up and translate financial statements and reports in accordance with IFRS.
You can start today!
Test Dates and Venues
Class trainees: Most of the colleges hold examinations on-site monthly, so check exactly what your college’s schedule is.
Distance learning students can enter the ICB tests in February, May, July, September and November. Tests happen at the ICB approved 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 unbelievable tool to help you study. Do not leave it to the eleventh hour or you’ll truly be disadvantaging yourself!
Enter for an ICB test
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, test dates and areas for your examinations, and send your test entry along with the needed fee. All trainees will get an email confirming their examination entries.
How does ICB examination work?
When you sign up to study an ICB course, you’ll also need to sign up to be analyzed for it. This is so that they can identify at the end of it whether you understand and comprehend the course product well enough to pass. Each ICB programme is created to have specific results. These outcomes are things that you will be able to do and understand as a result of your research studies. This is the most crucial part of the ICB evaluation policy.
Each result requires a particular quantity of time for you to achieve it. These hours are represented by credits. As defined by the South African Qualifications Authority (SAQA), and the ICB assessment policy, 1 credit equals 10 notional hours. Notional knowing hours are thought about to be the time taken by the average trainee to achieve the specified learning outcomes.
Exactly what happens if I fail my ICB examination?
Don’t stress if you do not pass very first time, you can get a 2nd chance, 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 possibility to write one re-assessment, which is only a summative final exam with a pass mark of 60% (no PoE required– the test counts totally to your grade).
You need to complete the re-assessment within 12 months of your original summative assessment date. We do recommend 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 skilled’ in it, you cannot redo it. You will need to re-enter for the subject and begin it over by finishing a new PoE.
When do I get my Portfolio of Proof?
Your PoE will show up 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 examination. Each PoE is customized to that particular subject. Distance learning trainees will get their Portfolios directly.
Exactly what must I do when I get my PoE?
Take a look at that your specific details on the cover are right. Let you’re your college/the ICB comprehend As Soon As Possible if anything is wrong.
Go through the whole PoE and fill in information where you are asked to.
Exactly what’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your crucial overview 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 includes great deals of types you have to end up.
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 Tasks and 2 Tests that assist you to assess your understanding during your studies.
Distance learning students will discover 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 used by their speakers during their research study studies.
Response Books
You’ll also discover blank answer books in your PoE for you to compose the answers to your ICB Tests and Tasks in.
Why is my PoE so important?
The ICB discovering experience is special– our scholastic team has developed it to offer you the very best possible opportunity of discovering successfully and passing your topic the very first time.
Nevertheless it’s not practically passing the test Our approach guarantees you get a deep and extensive understanding of your course items.
So you do not merely get a credentials– you acquire skills that you can use 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 sure you have actually 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 Final test
When you have finished composing your final examination, you should consist of the examination question and answer documents 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.
Ill on exam day?
You can look for a medical postponement and you’ll require a medical certificate. Contact your college or the ICB to find out more.
Missed your test?
If you did not attend your exam, and did not postpone it in time, you’ll need to begin the subject over by re-entering for the test and getting a new PoE.
Everything You Need To Know
Wondering how you ICB course will be graded? It’s easy. 30% of your final mark comes from the activities and assessments you carry out during your course. Your Portfolio of Proof (PoE) is a folder given to you at the start of the course, as soon as you’ve signed up for an assessment with the ICB. You’ll need to put any projects given to you along with the tests you take in it. Your PoE is total when your final assessment is contributed to it at the end of your course.
Your last evaluation will count for the staying 70%– this is your test. You will have to include it in your PoE, which an ICB-registered assessor will then inspect to see if you actually know your stuff. You’ll need to get at least 50% for this exam to pass, regardless of your overall mark.
This doesn’t indicate that you can slack with your activities and examinations throughout your studies, as they totally prepare you for the last assessment, as well as offer proof of the hard work you have actually.
What happens if I have to hold off an evaluation?
Ought to you need to postpone your ICB tests then you will need to inspect the Assessment Timetables to see when you need to send postponements by and pay a postponement fee. There are cut-offs for these for each evaluation cycle so make sure you ask for a postponement in time.
If you have to postpone your evaluation due to the fact that you’re ill on the day, you can get a free postponement (include a medical professional’s certificate with your request), which may be issued at the ICB’s discretion. Assessment for topics can be held off once only if we have received your postponement fee in time.
Results
Outcomes are launched about 7 weeks after your examination. See the ICB examination schedules for outcomes launch dates.
Distance learning trainees will have the ability to get their outcomes on the Student Portal, and they will likewise be emailed to you.
Register with an expert body
If you have really ended up a complete certification, you can apply to join a professional body like the ICBA.
What I can do with my ICB qualifications
In addition to making you appealing to companies and customers, your ICB qualifications can likewise lead you to these opportunities:
Study further with the ICB
Accredited, respectable and acknowledged qualifications
All ICB qualifications are signed up on the National Qualifications Structure (NQF) by the South African Qualifications Authority (SAQA). Our programs are valued by companies, and our graduates are recognised locally and internationally by several expert 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 programme just by finishing a few more subjects. See the table on page 7 for more.
Discover a task
In association with CareerJunction, South Africa’s extremely popular task site, you can browse and get monetary and admin positions at www.icb.org.za/careers
Study further elsewhere with credit for your ICB credentials
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Qualified Accounting professionals (ACCA) are respected, worldwide, accounting expert bodies – locateded in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB uses.
CIMA uses training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can apply to CIMA for as much as 6 exemptions. If you hold the ICB’s Certificate: Workplace 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, development and excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can study further through ACCA. You will receive up to 6 exemptions to advance your studies towards becoming a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa uses numerous expert qualifications in this particular field of business governance, and grants exemptions for certain ICB topics.
Professional Subscription Opportunities
Once you have actually completed your studies through the ICB, there are several regional and international expert bodies that you can apply to for professional subscription.
The ICBA is the sister organisation of the ICB and grants membership … at a number of levels based upon your qualification(s) and work experience. The ICBA identifies all the ICB’s existing qualifications, in addition to other pertinent qualifications that are signed up on the South African National Qualifications Structure. Foreign qualifications are likewise identified, as long as they have actually been assessed by SAQA.
If you want to register as a tax specialist, you’ll have to end up being a member of SAIT. SAIT acknowledges the ICB’s FET Certificate: Accounting, and the National Diploma: Technical Financial Accounting qualifications. Trainees who register with SAIT with the FET Certificate: Bookkeeping credentials need to 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 call them for details.