Why Study Business Management?
The objectives of any business may include making a profit, keeping stability, and developing employment opportunities. Individuals who study business courses are provided the possibility to learn about handling companies of numerous sizes. They likewise learn more about the relationships between companies and the communities that they serve. Studying a business management course might assist you on your way to becoming a leader in business environment. The ICB offers a fully certified business management course programme.
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 incorporate both Professional Subscription in addition to Education and Training. Nevertheless, scholastic guidelines and laws over the last few years made these bodies split those functions.
Thus, the historic ICB was divided into a Professional Body and an Academic Body in 2015. The instructional body continues under the name Institute of Certified Bookkeepers.
The (brand-new) ICB, that is the body solely dealing with Academics, is an acknowledged Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Financing, Accounting, Management Consulting and other Financial Providers).
This suggests that the ICB is authorized by FASSET to acknowledge training companies. Serve as the examination (exams) body for the ICB courses, used by training companies certified by them.
Currently the QCTO (the Quality Council for Trades and Occupations) remains in the process of managing the obligation for all SETAs. That indicates that FASSET “falls under” the QCTO. This may have some result on the details 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 liable for the quality control 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 Framework (NQF).
Normally a trainee would study ICB qualifications, and on the strength of their qualifications, in addition to working experience, and adhering to a professional standard procedure, have the capability to obtain Membership.
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 Trainee Membership of the ICBA.
Where will I be able to work?
All companies require qualified people in management. The list below kinds of services are basic examples:
– Manufacturing companies
– Service organizations
– Logistics and Supply Chain Manager Financial institutions.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Expert.
What are the advantages of studying business management?
Management involves a broad skill set that can benefit you in any working environment. Here are some of the advantages of studying business management:.
– You will get an excellent grasp of the realities of business world.
– You will learn about the Importance of team effort.
– You will discover how to handle individuals.
– You will learn more about entrepreneurship.
– You will have the ability to combine your business management understanding and abilities with a series of other abilities in order to pursue different career paths.
– You will learn more about different elements of running your own business.
– You will acquire a better understanding of what to expect from staff members.
– You will find out more about companies and how they are structured.
– You will discover ways to communicate better on a professional level.
Find out how to make a business be successful!
This program 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 about business and monetary management best practices, office and legal practice, human resource management, computer system literacy, worldwide business strategy and research study methods in commerce.
Your very first qualification in just 3 subjects.
You can accomplish the ICB Business Management: Foundation Level after completing simply 3 subjects (and attain the National Certificate: Small company Financial Management). Continue your research studies to advance 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 personnels, office management, legal, administration, public relations, marketing, sales, customer relations. Junior Researcher, Junior Expert, Sales Assistant.
What I’ll be able to do.
Demonstrate an understanding of the paperwork, processing and recording of a business’s financial deals. Communicate effectively with the business stakeholders. Program that you know exactly what it suggests to be a basic manager. Cost and rate products and manage working capital. Run a computer.
( NQF L5 – SAQA ID 23619, total cumulative credits: 240).
National Certificate: Small Business Financial Management (need to include business Management 1 subject).
- 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 Supervisor, Labour Relations Supervisor, Field/Floor/Store/ Department Supervisor, Customer care Manager.
Exactly 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 declarations and reports. Work efficiently with the HR and labour relations departments. Apply business development concepts for local and worldwide growth.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Higher Certificate: Office Administration (must 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 brief dissertation, topic: Business Management) (RTAP).
What my title can be.
Financial Accounting professional, Accounting Officer (by means of SAIBA if you satisfy their requirements). Field/Floor/Store/ Department Supervisor, Secret Account Manager, Business Manager, Business Consultant, Business Advisor, Service or Sales Supervisor.
What I’ll be able to do.
Deal with management information systems at a corporate level. Prepare a business for internal/external audit. Apply concepts of tactical intent and strategic thinking in a global business environment. Apply managerial financing and control concepts in an industrial environment. Prepare and translate financial declarations and reports in accordance with IFRS.
You can begin today!
Test Dates and Venues
Class trainees: The majority of the colleges hold exams on-site monthly, so inspect exactly 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 authorized evaluation centres around southern Africa.
Pay your ICB registration and examinations fees as early as possible, so we can send you your PoE ASAP. Your PoE is an extraordinary tool to assist you study. Do not leave it to the eleventh hour or you’ll actually 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 Portal online
Select your qualifications initially. Then choose he subjects, examination dates and places for your examinations, and send your test entry along with the needed fee. All students will get an email confirming their examination entries.
How does ICB examination work?
When you register to study an ICB course, you’ll likewise have to sign up to be taken a look at for it. This is so that they can determine at the end of it whether you understand and understand the course material well enough to pass. Each ICB programme is created to have specific outcomes. These results 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 result requires a specific quantity 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 thought about to be the time taken by the typical student to accomplish the specified knowing outcomes.
Exactly what happens if I fail my ICB examination?
Don’t worry if you do not pass first time, you can get a second possibility, With an ICB Re-Assesment If you are assessed as ‘not yet proficient’ in a subject (you did not pass it), you will have a possibility to compose one re-assessment, which is only a summative final examination with a pass mark of 60% (no PoE needed– the examination counts totally to your grade).
You must finish the re-assessment within 12 months of your original summative evaluation date. We do suggest you write 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 can’t renovate it. You will need to return to for the subject and begin it over by completing a brand-new PoE.
When do I get my Portfolio of Evidence?
Your PoE will appear 3-4 weeks after the ICB gets your exam entry for a particular topic.
How many Portfolios will I get?
You’ll get one PoE per subject per examination. Each PoE is customized to that particular topic. Distance learning students will get their Portfolios straight.
Exactly what must I do when I get my PoE?
Analyze that your individual info 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 details where you are asked to.
What’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your essential introduction of studying your ICB topic!
Your ICB Administration Guide tells you precisely what to do throughout your ICB research studies. It discusses methods to finish your PoE, and contains great deals of types you have to complete.
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 subject, the ICB sets 3 Projects and 2 Tests that assist you to evaluate your knowledge during your research studies.
Distance learning students will discover 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 study studies.
You’ll also discover blank response books in your PoE for you to compose the answers to your ICB Tests and Projects in.
Why is my PoE so vital?
The ICB finding experience is distinct– our scholastic team has actually produced it to provide you the very best possible possibility of learning successfully and passing your subject the first time.
Nevertheless it’s not practically passing the test Our approach ensures you get a deep and extensive understanding of your course products.
So you don’t merely get a credentials– you gain skills that you can use in your task from day 1.
When do I hand in my PoE?
A couple of 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 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 finished composing your final exam, you should include the test question and response papers 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 get a medical postponement and you’ll require a medical certificate. Contact your college or the ICB to find out more.
Missed your examination?
If you did not attend your examination, and did not delay it in time, you’ll have to begin the topic over by returning to for the test and getting a brand-new PoE.
Everything You Had 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 undertake throughout your course. Your Portfolio of Evidence (PoE) is a folder offered 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 tasks provided to you along with the tests you take in it. Your PoE is complete when your last 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 check to see if you truly understand your things. You’ll need to get at least 50% for this exam to pass, no matter your general mark.
This does not suggest that you can slack with your activities and assessments during your studies, as they fully prepare you for the last assessment, and also offer proof of the hard work you’ve.
Exactly what happens if I need to hold off an evaluation?
Must you have to delay your ICB exams then you will have to examine the Assessment Timetables to see when you have to submit postponements by and pay a post ponement cost. There are cut-offs for these for each assessment cycle so make sure you request a postponement in time.
If you have to delay your evaluation because you’re ill on the day, you can make an application for a complimentary postponement (consist of a medical professional’s certificate with your request), which may be provided at the ICB’s discretion. Evaluation for topics can be postponed once only if we have received your post ponement fee in time.
Outcomes are released about 7 weeks after your examination. See the ICB test timetables for outcomes release dates.
Distance learning students will be able to get their outcomes on the Trainee Website, and they will likewise be emailed to you.
Register with a professional body
If you have actually ended up a full accreditation, you can apply to join an expert body like the ICBA.
What I can do with my ICB qualifications
In addition to making you attractive to companies 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 registered on the National Qualifications Structure (NQF) by the South African Qualifications Authority (SAQA). Our programmes are valued by employers, and our graduates are acknowledged locally and worldwide by several professional bodies. ICB qualifications are modular, which suggests you can build on them as your research studies or profession development. You can also qualify in another program simply by finishing a few more topics. See the table on page 7 for more.
Find a Job
In association with CareerJunction, South Africa’s hugely popular job site, you can search and request financial and admin positions at www.icb.org.za/careers
Study even more somewhere else with credit for your ICB credentials
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are appreciated, international, accounting expert bodies – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB uses.
CIMA offers 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: Workplace 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, innovation and excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials can study even more through ACCA. You will receive approximately 6 exemptions to further your research studies towards ending up being a Chartered Qualified Accounting professional with ACCA.
Chartered Secretaries Southern Africa uses numerous expert qualifications in this specific field of business governance, and grants exemptions for certain ICB subjects.
Expert Subscription Opportunities
When you have actually finished your studies through the ICB, there are numerous regional and worldwide professional bodies that you can apply to for expert membership.
The ICBA is the sibling 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 present qualifications, in addition to other pertinent qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are likewise recognised, as long as they have actually been assessed by SAQA.
If you want to sign up as a tax practitioner, you’ll need to end up being 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: Bookkeeping qualification need to update this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has numerous other membership requirements– please contact them for information.