Why Study Business Management?

The objectives of any business may include making a profit, keeping stability, and developing job opportunity. Individuals who study business courses are provided the opportunity to learn about handling services of different sizes. They likewise learn more about the relationships in between organisations and the neighborhoods that they serve. Studying a business management course might help you on your way to becoming a leader in the business environment. The ICB offers a completely recognized business management course programme.

The Institute of Certified Bookkeepers.

The Institute of Certified Bookkeepers is a Professional Body that has actually existed since 1931. In South Africa the functions of professional bodies use to incorporate both Professional Subscription in addition to Education and Training. Nevertheless, 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 entirely handling Academics, is an acknowledged Quality Assurance 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 business. Act as the examination (tests) body for the ICB courses, used by training business recognized by them.

Currently the QCTO (the Quality Council for Trades and Occupations) remains in the process of managing the responsibility for all SETAs. That indicates that FASSET “falls under” the QCTO. This may have some result on the info of the accreditation process in the future. Both FASSET and the QCTO are bodies established in regards to 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 (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).

Generally a student would study ICB qualifications, and on the strength of their qualifications, along with working experience, and adhering to a professional guideline, have the ability to obtain Membership.

The main goal of the ICBA is to provide 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 Student Membership of the ICBA.

Where will I be able to work?

All services need certified individuals in management. The following kinds of organisations are basic examples:

– Manufacturing companies

– Service companies

– Retailers.

– Logistics and Supply Chain Manager Financial institutions.

– Own business.

– Business Analyst.

– Operations Manager General Supervisor.

– Compliance Officer.

– Management Expert.

What are the benefits of studying business management?

Management requires a broad skill set that can benefit you in any working environment. Here are some of the benefits of studying business management:.

– You will gain an excellent grasp of the realities of the business world.

– You will learn more about the Significance of team effort.

– You will find out how to handle people.

– You will learn more about entrepreneurship.

– You will have the ability to combine your business management understanding and skills with a series of other skills in order to pursue various profession courses.

– You will learn more about various aspects of running your own business.

– You will get a better understanding of what to get out of workers.

– You will discover more about organizations and how they are structured.

– You will discover how to communicate more effectively on a professional level.

Find out how to make a business prosper!

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 business success. In this ICB programme, you’ll learn more about business and monetary management best practices, office and legal practice, personnel management, computer literacy, worldwide business strategy and research methods in commerce.

Your very first certification in simply 3 subjects.

You can accomplish the ICB Business Management: Foundation Level after finishing just 3 topics (and accomplish the National Certificate: Small company Financial Management). Continue your research studies to progress 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).

Duration.

9 months.

Entry requirements.

Grade 11 (Std 9) or equivalent.

Subjects.

1. Business Management 1 (BMT1).
2. Bookkeeping to Trial Balance (BKTB).
3. 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 Scientist, Junior Analyst, Sales Assistant.

Exactly what I’ll have the ability to do.

Demonstrate an understanding of the documents, processing and recording of a business’s financial deals. Communicate efficiently with business stakeholders. Program that you understand what it means to be a basic manager. Expense and cost items and manage working capital. Run a desktop computer.

Intermediate Level.

Higher Certificate.

Office Administration.

NQF Level.

( NQF L5 – SAQA ID 23619, total cumulative credits: 240).

Duration.

+15 months.

Entry requirements.

National Certificate: Small Business Financial Management (must consist of business Management 1 subject).

Subjects.

4. Office and Legal Practice (OLPR).
5. Business Management 2 (BMT2).
6. Marketing Management and Public Relations (MMPR).
7. Financial Statements (FNST).
8. Human Resources Management and Labour Relations (HRLR).

What my title can be.

Senior Office Administrator, Secretary, General Office Manager, Human Resources Supervisor, Labour Relations Supervisor, Field/Floor/Store/ Department Supervisor, Customer care Supervisor.

What I’ll have the ability to do.

Manage your diary and work schedule as a manager. Operate effectively as a basic office manager of a business. Apply marketing, law, PR, and economics principles in business. Draw up and translate monetary declarations and reports. Work efficiently with the HR and labour relations departments. Apply business development concepts for local and international growth.

Advanced Level.

National Diploma.

Financial Accounting.

NQF Level.

( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).

Period.

+12 months.

Entry requirements.

Higher Certificate: Office Administration (must include business Management 2 subject).

Topics.

9. Business Management 3 (BMT3).
10. Financial Management and Control (FMCL).
11. Financial Reporting and Regulatory Frameworks (FRRF).
12. Research Theory and Practice (by short dissertation, subject: Business Management) (RTAP).

What my title can be.

Financial Accounting professional, Accounting Officer (through SAIBA if you meet their criteria). Field/Floor/Store/ Department Supervisor, Secret Account Manager, Business Supervisor, Business Specialist, Business Consultant, Service or Sales Supervisor.

Exactly what I’ll be able to do.

Work with management info systems at a business level. Prepare a business for internal/external audit. Apply principles of strategic intent and tactical thinking in a worldwide business environment. Apply managerial financing and control principles in a business environment. Prepare and translate monetary declarations and reports in accordance with IFRS.

You can start today!

Test Dates and Venues

Class trainees: The majority of the colleges hold examinations on-site monthly, so examine exactly what your college’s schedule is.

Distance learning trainees 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 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!

Enter for an ICB exam

Classroom trainees 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 in addition to the required fee. All students will get an email verifying 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 examined for it. This is so that they can figure out at the end of it whether you understand and understand the course product all right to pass. Each ICB program is designed to have specific outcomes. These outcomes 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 evaluation policy.

Each outcome needs 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 learning hours are considered to be the time taken by the average student to attain the specified learning outcomes.

Exactly what happens if I fail my ICB exam?

Don’t worry if you do not pass very first time, you can get a second chance, With an ICB Re-Assesment If you are assessed as ‘not yet skilled’ in a subject (you did not pass it), you will have a possibility to write one re-assessment, which is just a summative last examination with a pass mark of 60% (no PoE required– the examination counts fully towards your grade).

You need to finish the re-assessment within 12 months of your initial summative assessment date. We do advise you write your re-assessments as quickly as you can, as subject content does alter. If you miss your re-assessment, or you are ‘not yet qualified’ in it, you can’t renovate it. You will have to re-enter for the subject and start it over by finishing a new PoE.

When do I get my Portfolio of Evidence?

Your PoE will appear 3-4 weeks after the ICB gets your examination entry for a specific topic.

How many Portfolios will I get?

You’ll get one PoE per subject per test. 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 information on the cover are right. Let you’re your college/the ICB comprehend ASAP if anything is wrong.

Go through the entire PoE and fill in details where you are asked to.

What’s inside my PoE?

Your ICB Portfolio Administration Guide

This is your vital overview of studying your ICB subject!

Your ICB Administration Guide informs you precisely what to do throughout your ICB research studies. It goes over methods to finish your PoE, and contains lots of types you need to finish.

Conquer it step by step and follow all the instructions in it, and you’ll be on track for success!

ICB Tests and tasks

For each topic, the ICB sets 3 Projects and 2 Tests that assist you to assess your knowledge throughout your studies.

Distance learning trainees 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 used by their lecturers throughout their research study studies.

Answer Books

You’ll similarly 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 vital?

The ICB discovering experience is unique– our scholastic team has produced it to offer you the best possible chance of learning effectively and passing your topic the first time.

Nevertheless it’s not nearly passing the test Our approach guarantees you get a deep and extensive understanding of your course products.

So you don’t just get a credentials– you gain skills that you can use in your task from day 1.

When do I hand in my PoE?

A number of days before your last examination, go through the list in your ICB Portfolio Administration Guide and ensure you have really done and included everything. Make a copy of our entire PoE as a backup.

Take your completed PoE to your last test. You’ll hand it there in.

Your Last test.

When you have actually completed composing your last examination, you must include the exam concern 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 actually handed it in.

Ill on test day?

You can look for a medical postponement and you’ll need a medical certificate. Contact your college or the ICB for more details.

Missed your examination?

If you did not attend your exam, and did not postpone it in time, you’ll need to start the subject over by returning to for the examination 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 last mark comes from the activities and assessments you carry out throughout your course. Your Portfolio of Proof (PoE) is a folder offered to you at the start of the course, as soon as you have actually registered for an assessment with the ICB. You’ll have to put any tasks given to you along with the tests you take in it. Your PoE is complete when your final evaluation is contributed to it at the end of your course.

Your last assessment will count for the staying 70%– this is your test. You will need to include it in your PoE, which an ICB-registered assessor will then check to see if you really understand your stuff. You’ll need to get at least 50% for this exam to pass, despite your general mark.

This doesn’t indicate that you can slack with your activities and evaluations during your research studies, as they totally prepare you for the final evaluation, and also provide evidence of the effort you’ve.

What happens if I need to delay an assessment?

Should you need to postpone your ICB tests then you will need to examine the Evaluation Timetables to see when you need to send postponements by and pay a post ponement cost. 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 assessment because you’re ill on the day, you can apply for a complimentary postponement (include a doctor’s certificate with your request), which might be provided at the ICB’s discretion. Evaluation for subjects can be held off once only if we have actually received your postponement fee in time.

Outcomes

Results are released about 7 weeks after your examination. See the ICB examination schedules for outcomes release dates.

Distance learning students will be able to get their outcomes on the Student Portal, and they will also be emailed to you.

Register with a professional body

If you have actually completed a full certification, you can apply to sign up with an expert body like the ICBA.

What I can do with my ICB qualifications

In addition to making you appealing to employers and customers, your ICB qualifications can likewise lead you to these opportunities:

Study even more with the ICB

Accredited, reliable and recognised 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 identified in your area and globally by a number of expert bodies. ICB qualifications are modular, which suggests you can build on them as your studies or profession progress. You can likewise certify in another programme just by completing a couple of 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 browse and make an application for financial and admin positions at www.icb.org.za/careers

Study even more in other places with credit for your ICB certification

The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Licensed Accounting professionals (ACCA) are respected, worldwide, accounting professional 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 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 quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study further through ACCA. You will receive up to 6 exemptions to further your research studies towards becoming a Chartered Certified Accounting professional with ACCA.

Chartered Secretaries Southern Africa offers several professional qualifications in this specific field of business governance, and grants exemptions for certain ICB subjects.

Expert Subscription Opportunities

As soon as you have actually completed your studies through the ICB, there are several local and global expert 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 certification(s) and work experience. The ICBA recognises all the ICB’s current qualifications, in addition to other relevant qualifications that are registered on the South African National Qualifications Structure. Foreign qualifications are also recognised, as long as they have actually been assessed by SAQA.

If you wish to register as a tax professional, 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. Students who register with SAIT with the FET Certificate: Accounting certification should update this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has a number of other subscription criteria– please call them for information.