Why Study Business Management?
The objectives of any business may consist of earning a profit, preserving stability, and developing job opportunity. People who study business courses are given the chance to learn more about handling companies of different sizes. They likewise learn about the relationships in between businesses and the communities that they serve. Studying a business management course may help you on your way to becoming a leader in business environment. The ICB uses a totally certified business management course program.
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 integrate both Professional Membership as well as Education and Training. However, academic guidelines and laws in the last few years made these bodies divided 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, that is the body exclusively managing Academics, is a recognized Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Funding, Accounting, Management Consulting and other Financial Services).
This recommends that the ICB is licensed by FASSET to acknowledge training companies. Work as the assessment (examinations) body for the ICB courses, utilized by training companies accredited by them.
Currently the QCTO (the Quality Council for Trades and Occupations) is in the process of handling the obligation for all SETAs. That implies 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 developed in regards to an Act of Parliament.
The ICB, under authority of FASSET (and quickly under authority of the QCTO), is accountable for the quality assurance and evaluations (evaluations) 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 categories on the National Qualifications Framework (NQF).
Typically a student would study ICB qualifications, and on the strength of their qualifications, along with working experience, and adhering to a professional standard procedure, have the capability to get Subscription.
The primary objective of the ICBA is to supply professional subscription to Junior and Senior Accounting professionals, in addition to Junior Accountants and Financial Accountants, in addition to Office Administrators. As an ICB student, you can get Student Membership of the ICBA.
Where will I be able to work?
All businesses need qualified people in management. The following types of organisations are general examples:
– Manufacturing businesses
– Service organizations
– Logistics and Supply Chain Manager Financial institutions.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Expert.
Exactly what are the advantages of studying business management?
Management requires a broad ability that can benefit you in any working environment. Here are a few of the benefits of studying business management:.
– You will get a good grasp of the realities of business world.
– You will learn more about the Value of team effort.
– You will discover ways to manage individuals.
– You will learn more about entrepreneurship.
– You will have the ability to integrate your business management understanding and abilities with a variety of other skills in order to pursue various profession paths.
– You will learn more about various aspects of running your very own business.
– You will acquire a better understanding of what to get out of staff members.
– You will learn more about companies and how they are structured.
– You will find out ways to communicate better on a professional level.
Learn ways to make a business succeed!
This program hits the spot if you have ambitions of handling a business and its financial resources.
Good business management is vitally important for a company’s commercial success. In this ICB program, you’ll learn more about business and monetary management finest practices, office and legal practice, human resource management, computer system literacy, international business strategy and research methods in commerce.
Your first credentials in simply 3 topics.
You can achieve the ICB Business Management: Foundation Level after finishing simply 3 topics (and achieve the National Certificate: Small Business Financial Management). Continue your studies to progress to the Intermediate and Advanced Levels, and their associated nationally recognized qualifications.
Small company Financial Management.
( 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, client relations. Junior Researcher, Junior Analyst, Sales Assistant.
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. Show that you understand what it means to be a basic manager. Cost and cost items and manage working capital. Run a personal computer.
( NQF L5 – SAQA ID 23619, total cumulative credits: 240).
National Certificate: Small Business Financial Management (should include business Management 1 topic).
- 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 Supervisor, Customer support Supervisor.
What I’ll be able to do.
Manage your diary and work schedule as a supervisor. Operate efficiently as a basic office manager of a business. Apply marketing, law, PR, and economics concepts in business. Prepare and translate financial declarations and reports. Work efficiently with the HR and labour relations departments. Apply business development principles for regional and worldwide growth.
( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).
Higher Certificate: Office Administration (should 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 short argumentation, topic: Business Management) (RTAP).
What my title can be.
Financial Accounting professional, Accounting Officer (by means of SAIBA if you satisfy their criteria). Field/Floor/Store/ Department Supervisor, Key Account Manager, Business Manager, Business Expert, Business Consultant, Service or Sales Manager.
What I’ll be able to do.
Work with management info systems at a corporate level. Prepare a business for internal/external audit. Apply principles of tactical intent and tactical thinking in an international business environment. Apply supervisory finance and control concepts in a business environment. Draw up and interpret financial declarations and reports in accordance with IFRS.
You can start today!
Test Dates and Venues
Class trainees: Most of the colleges hold exams on-site monthly, so check exactly what your college’s schedule is.
Distance learning trainees can enter the ICB tests in February, May, July, September and November. Tests happen at the ICB authorized 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 incredible tool to help you study. Do not leave it to the eleventh hour or you’ll truly be disadvantaging yourself!
Enter for an ICB exam
Classroom trainees will do this through their colleges.
Distance learning trainees will enter upon the ICB Trainee Website online
Select your qualifications at first. Then select he topics, exam dates and locations for your examinations, and send your test entry together with the required charge. All trainees will get an e-mail 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 examined for it. This is so that they can identify at the end of it whether you know and comprehend the course product well enough to pass. Each ICB programme is developed to have specific outcomes. These results are things that you will have the ability to do and comprehend as a result of your studies. This is the most crucial part of the ICB evaluation policy.
Each result requires a specific amount of time for you to accomplish 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 outcomes.
What happens if I fail my ICB exam?
Do not stress if you do not pass first time, you can get a second chance, With an ICB Re-Assesment If you are examined as ‘not yet skilled’ in a topic (you did not pass it), you will have a possibility to write one re-assessment, which is only a summative final examination with a pass mark of 60% (no PoE required– the examination counts totally towards your grade).
You need to finish the re-assessment within 12 months of your initial summative evaluation date. We do recommend you write your re-assessments as soon as you can, as subject content does change. If you miss your re-assessment, or you are ‘not yet proficient’ in it, you can’t renovate it. You will have to re-enter for the subject and start it over by completing a brand-new PoE.
When do I get my Portfolio of Proof?
Your PoE will appear 3-4 weeks after the ICB gets your test entry for a particular subject.
How many Portfolios will I get?
You’ll get one PoE per subject per examination. Each PoE is customized to that specific topic. Distance learning students will get their Portfolios directly.
Exactly what must I do when I get my PoE?
Examine that your specific details on the cover are right. Let you’re your college/the ICB understand ASAP 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 essential overview of studying your ICB subject!
Your ICB Administration Guide tells you precisely what to do throughout your ICB research studies. It talks about methods to finish your PoE, and contains 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 tasks
For each topic, the ICB sets 3 Tasks and 2 Tests that help you to assess your understanding throughout your studies.
Distance learning students will find 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 provided by their speakers throughout their research studies.
You’ll similarly discover blank response books in your PoE for you to make up the answers to your ICB Tests and Projects in.
Why is my PoE so crucial?
The ICB discovering experience is distinct– our scholastic team has created it to use you the best possible possibility of finding out effectively and passing your subject the very first time.
However it’s not nearly passing the test Our method ensures you get a deep and substantial understanding of your course products.
So you do not merely get a credentials– you acquire abilities that you can utilize in your task 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 make sure you have actually done and included 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 Last test.
When you have finished composing your last test, you must include the examination question and response documents 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 make an application for a medical post ponement and you’ll require a medical certificate. Contact your college or the ICB to find out more.
Missed your exam?
If you did not attend your examination, and did not delay 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 simple. 30% of your final mark comes from the activities and examinations you carry out during your course. Your Portfolio of Proof (PoE) is a folder provided to you at the start of the course, when you’ve registered for an evaluation with the ICB. You’ll need to put any tasks offered to you in addition to 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 have to include it in your PoE, which an ICB-registered assessor will then inspect to see if you truly know your things. You’ll need to get at least 50% for this examination to pass, no matter your overall mark.
This does not indicate that you can slack with your activities and evaluations throughout your studies, as they fully prepare you for the final assessment, and also supply evidence of the hard work you have actually.
Exactly what happens if I have to delay an assessment?
Ought to you need to delay your ICB exams then you will need to examine the Evaluation Timetables to see when you have to submit posts ponement by and pay a post ponement cost. There are cut-offs for these for each assessment cycle so make certain you ask for a post ponement in time.
If you need to delay your evaluation because you’re ill on the day, you can look for a totally free post ponement (consist of a medical professional’s certificate with your demand), which may be provided at the ICB’s discretion. Evaluation for subjects can be delayed once only if we have actually received your postponement fee in time.
Results are released about 7 weeks after your examination. See the ICB examination timetables for results release dates.
Distance learning trainees will be able to get their results on the Student Website, and they will likewise be emailed to you.
Register with an expert body
If you have actually finished a complete certification, you can apply to register with a professional body like the ICBA.
What I can do with my ICB qualifications
In addition to making you attractive to employers and customers, your ICB qualifications can likewise lead you to these opportunities:
Study even more with the ICB
Accredited, trusted and identified 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 in your area and worldwide by a number of expert bodies. ICB qualifications are modular, which means you can build on them as your research studies or career development. You can also qualify 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 hugely popular task site, you can search and obtain monetary and admin positions at www.icb.org.za/careers
Study even more elsewhere with credit for your ICB certification
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Licensed Accounting professionals (ACCA) are appreciated, international, accounting expert bodies – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB offers.
CIMA provides training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification 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 expert accounting professionals, with over 110 years of experience, innovation and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials can study further through ACCA. You will receive approximately 6 exemptions to enhance your studies towards ending up being a Chartered Certified Accountant with ACCA.
Chartered Secretaries Southern Africa offers several expert qualifications in this specific field of corporate governance, and grants exemptions for certain ICB topics.
Expert Membership Opportunities
As soon as you’ve finished your research studies through the ICB, there are numerous regional and global expert bodies that you can apply to for expert membership.
The ICBA is the sibling organisation of the ICB and grants subscription … at a number of levels based upon your certification(s) and work experience. The ICBA acknowledges all the ICB’s present qualifications, in addition to other relevant qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are also recognised, as long as they have been assessed by SAQA.
If you want to sign up as a tax professional, 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 sign up with SAIT with the FET Certificate: Bookkeeping qualification should upgrade this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has a number of other membership requirements– please contact them for information.