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Bookkeeping South Africa ICB Courses

ICB South Africa Courses

Looking for ICB South Africa bookkeeping courses you can study? Here is the complete list of Institute of Certified Bookkeepers courses that you can study at ICB South Africa.

  • National Certificate: Accounting
  • FET Certificate: Accounting
  • National Diploma: Technical Financial Accounting
  • National Diploma: Financial Accounting
  • National Certificate: Small Business Financial Management
  • National Certificate: Public Sector Accounting
  • Diploma: Public Sector Accounting

The Institute of Certified Bookkeepers offer a variety of accounting courses. You can start at an academic level below Matric, and work you way approximately two levels greater than matric (NQF 6 level).

 

To understand the ICB South Africa Bookkeeping courses, you have to think about the following:

  • Why study Accounting?
  • Can I study ICB South Africa Accounting courses if I do not have Matric?
  • The difference in between Bookkeeping and Accounting Courses
  • The various levels of study with the ICB
  • The various courses that makes up the ICB Financial Accounting Program
  • Foundation Level
  • Intermediate Level
  • Upper Intermediate Level
  • Advanced Level
  • What certifications do you get?
  • Study even more after finishing your programme
  • Topics that are the exact same across more than one ICB course
  • The function of your college and the role of the ICB – who does what?
  • How does Home Study or Distance Learning work for these courses?

 

Why Study ICB South Africa Accounting?

In South Africa bookkeeping and accounting are scarce skills. That implies that both market and government identify that we have a scarcity of bookkeepers and accountants. The federal government body for qualifications in the monetary sector, FASSET, has actually done a study on scarce skills in 2015. From that study they published their Scarce Skills Guide 2015.

FASSET is the SETA for Financing, Accounting, Management Consulting and other Financial Services. In their scarce skills guide they determined the following as scarce skills:

  • Student Accountant
  • Finance Supervisor
  • General Accountant
  • Accounts Clerk
  • Payroll Clerk
  • Debt Collector

These are all positions for which an ICB accounting course will prepare you appropriately. Your accounting credentials will guarantee that you are constantly in need. It is a great career that can take you to the highest level in an organisation.

The scarcity of bookkeeping abilities likewise affects federal government departments. All federal government departments have accounting and accounting divisions. And they work every year to get a “clean audit”. To get a clean audit means that they require well-trained, qualified, devoted and experienced accounting and accounting personnel and managers.

As a certified bookkeeper or accounting professional, you will always remain in demand. Either in private organisation, or in a federal government department, which can include both towns, as well as larger nationwide federal government departments.

 

Can I study ICB Bookkeeping courses if I don’t have Matric?ICB South Africa

The ICB South Africa accounting courses begin at NQF level 3. And they increase to NQF level 6. Matric is at NQF level 4. So these courses are available for trainee who do not have matric. You start at a scholastic level listed below matric. And if you continue studying, you will end up with a certification two levels above matric.

The ICB South Africa courses are established to be available for trainees who must work and study at the same time. With distance learning you can study an hour every evening. You now have 5 examination opportunities annually, so as soon as you are all set for an examination, you can go and write that test. In this way you can do your course step by step.

As you advance with the program, you will get acknowledgment at the different levels. After finishing the first four topics, you will already get your very first qualification from FASSET, and your very first ICB Programme Certificate.

 

The distinction between Accounting and Accounting Courses

Accounting and Accounting are two sides of the very same thing. At the entry level, it is called accounting. In bookkeeping you are busy with the accurate recording of all the transactions of a business or department. You ensure that earnings an all expense are effectively taped.

When you have actually moved a few actions up on the ladder, you begin reporting on the accounting information, and you start evaluating the details. At the level where your job becomes more complex, because you are likewise reporting and evaluating the business monetary info, we begin calling it Accounting.

So an Accountant is a senior Accountant. And an Accountant is a junior Accountant!

 

The various Levels of study with the ICB

The ICB bookkeeping programme is divided into different levels. Inside each level can be one or more courses. The programme is divided into four levels, as follows:

  • Foundation Level
  • Intermediate Level
  • Upper Intermediate Level
  • Advanced Level

As you complete each level, you will get acknowledgment from the ICB through an ICB Programme Certificate. As you finish the different courses inside the levels, you will get recognition from FASSET in the form of your formal qualification from FASSET.

I shall describe the different levels, and the courses inside each level, in information below.

 

The various Courses that makes up the ICB Financial Accounting Programme

The ICB Bookkeeping/ Financial Accounting Program is gotten into four levels. Inside each level is one complete credentials. As you advance up the ladder of qualifications, you will see the names of the certifications change from Bookkeeping to Accounting.

The ICB Financial Accounting Program consist out of 4 various levels, each with a FASSET qualification inside it; as follows:

  • Foundation level – National Certificate: Bookkeeping (NQF Level 3).
  • Intermediate level – FET Certificate: Accounting (NQF level 4).
  • Upper Intermediate level – National Diploma: Technical Financial Accounting (NQF level 5).
  • Advanced level – National Diploma: Financial Accounting (NQF level 6).

 

Accounting Courses

In the ICB South Africa, we refer to the Foundation and Intermediate level courses, as Accounting courses. So that will be these 2 certifications:

  • National Certificate: Bookkeeping (NQF Level 3).
  • FET Certificate: Accounting (NQF Level 4).

 

Accounting Courses

Accounting courses in the ICB South Africa are the greater level courses that we discover at Upper Intermediate level and Advanced level. So that suggests these 2 courses:

  • National Diploma: Technical Financial Accounting (NQF Level 5).
  • National Diploma: Financial Accounting (NQF Level 6).

 

Foundation Level

The foundation level is the beginning point for many students. If you did refrain from doing that well at school, or you stopped working matric, or you have not studied for several years, then the foundation level helps you bridge the gap and return into studying.

Academically the level is NQF 3. That is the level below matric, so we know that students with Grade 10 (Standard 8) will have the ability to deal with the scholastic level of the work.

You do not require any previous accounting or bookkeeping knowledge if you begin at this level. And you have to be at least 16 years of age to be accepted onto the program.

To complete this level you must pass four topics. The recommended time to finish this level is 12 months. Distance learning trainees can use up to 18 months.

 

Intermediate Level

The intermediate level are for trainees who have effectively finished the foundation level. It is your 2nd step on the ladder to becoming a Financial Accountant.

To enter this level, you must have passed the foundation level. That implies you should already have your National Certificate: Bookkeeping to enter this level.

To complete this level you need to pass two subjects. Many trainees total this level in 6 months. Distance learning trainees can take up to nine months to finish this level.

 

Upper Intermediate Level

AT this level you move from Bookkeeping to Accounting. If your dream is to become an Accounting professional, then this level will get you there!

To enter this level you need to have passed the Intermediate level. That suggests you should have your FET Certificate: Bookkeeping to acquire entry to the Upper Intermediate Level.

To finish this level you need to pass 2 subjects. The advised time of study is 6 months. Distance learning trainees can take up to 9 months to complete this level.

 

Advanced Level

This is the top level of ICB research studies. Here you will acquire your National Diploma: Financial Accounting (NQF Level 6). To enter this level you need to have passed all the previous levels. So that implies you need to be in belongings of your National Diploma: Technical Financial Accounting.

To pass this level you should effectively complete four subjects. Students usually take around 12 months to complete this level. Distance learning trainees can take a bit longer, naturally.

 

What qualifications do you get?

At the different levels you get different qualifications. You get your certifications from FASSET. And you also get certificates from the ICB South Africa for every level that you advance.

 

The qualifications are named as follows:

  • Foundation Level Qualification.
  • National Certificate: Bookkeeping (NQF Level 3).
  • Intermediate Level Qualification.
  • FET Certificate: Accounting (NQF level 4).
  • Upper Intermediate Level Credentials.
  • National Diploma: Technical Financial Accounting (NQF level 5).
  • Advanced Level Credentials.
  • National Diploma: Financial Accounting (NQF level 6).

 

Study further after completing the ICB Financial Accounting Program

The ICB provides five various fields of study. So far we have gone over simply one of these fields of study, being: Financial Accounting, or Accounting.

 

The other disciplines are:

  • Public Sector Accounting
  • Business Management
  • Entrepreneurship
  • Workplace Administration

The different programs have many topics in common. So when you have completed one programme, you might discover that you can attain another credentials by just doing the topics that does not overlap.

For instance, 3 of the first four subjects in each of these programmes are the same. So if you have actually passed the 4 subject for your Bookkeeping programme, you have actually also finished 3 of the four topics you need for the Public Sector Accounting program. So by including that a person subject, you get approved for another total certification.

 

Study further after completing your program – Other Courses

The ICB South Africa has recognition contracts in place with a variety of other professional bodies. So, depending upon what credentials you have finished with the ICB, you can get credits towards qualifications with these bodies.

Here are a list of some of the bodies that will recognise your ICB qualifications as counting towards a few of their programs, as well as towards subscription of these professional bodies:

  • Institute of Accounting and Commerce (IAC).
  • South African Business Accountants (SAIBA).
  • South African Institute for Tax Professionals (SAIT).
  • Chartered Institute of Management Accountants (CIMA).

Keep in mind: You will have to apply to these professional bodies. And they each have their own set of entrance requirements and rules.

 

The function of your college and the function of the ICB South Africa – who does exactly what?

Your college or academy provides you with the study materials, marking, tutoring and all the aid you need to prepare you for the examination. Your college assists you finish your Portfolio of Evidence. And will keep on pressing you, so that you complete the course effectively and in a reasonable amount of time. We keep you working, studying and motivated!

Then you write the examination (and hand in your Portfolio of Proof) with the ICB South Africa. The ICB oversees the quality of the program. They recognize the course providers, to ensure that students get excellent training and has a real possibility of passing the tests.

 

How does Home Study or Distance Learning work for these courses?

Depending on your college, you might do your course via distance learning, home study, part-time study, or online study. These are all different versions of studying in your home, with the help of a college and a tutor that guides you through your program.

The very best colleges will ensure you get the best study product, bit by bit, and sent with a carrier. So that your study material gets to you rapidly.

 

Distance Learning

Studying ICB courses through distance learning is for people who can not participate in classes. So if you remain far from a school where they provide ICB courses, then you must consider distance learning.

Distance learning means that your course provider sends you books and study notes. Then helps you study over the phone, or email or some online system.

 

Home Study

Home study is for trainees who can not go to classes. A number of our trainees have to work to earn a salary in the daytime, so they only get to study after hours and on weekends.

The ICB courses were developed so that you can study them from home. The study product is friendly and will guide you through the work step by step. When you utilize the study products, you will “hear the voice of the speaker”. The speaker has been composed into the course products.

When you require a friendly voice to discuss your studies, you can call the college. Or you can engage with fellow students and your speakers in our online study hall. This is where you can find out the most … seeing the questions of other students, and how the tutors respond to those questions.

If you need to speak with your tutor individually, you can also do that. The online study groups also allow you to have private conversations.

Another way that these courses consider the needs of a home study trainees, is that there are 5 test sessions in 2017. So if you can not make a test session, you know that another chance to compose that test will happen in 3 months or less. You can likewise use the numerous exam sessions every year, to advance through your course quicker than the other trainees. As quickly as you are ready to write an examination, you will be close to the next examination session.

 

Part-time Study

Part-time study is for students who can attend some classes, however very few. So you might go to a class at night or on a Saturday. And then study from home the rest of the time.

 

Online Study

Online study implies that a great deal of your interactions happen on the internet. With our online study groups, we have developed a chat-group environment where you can gain from your tutors and from other trainees.

 

ICB Courses at Unisa

Students typically ask if they can study ICB Accounting at Unisa. This is especially students who wish to go on and study a degree later on.

Regrettably Unisa does not use any of the ICB courses. If you plan to study a degree at Unisa, make sure you check with them if they will accept any of your ICB studies for academic credits or for entry onto their degree programmes.

Each university has its own guidelines. So if you prepare to study further at a university, make absolutely sure you understand how they will recognise your prior studies. Most universities will not give you scholastic credits for other studies. They normally just wish to see your matric certificate. Yes, I understand this does not make sense!

 

ICB Course Charges

Your ICB Accounting course will entail a variety of costs. So make certain you comprehend all the various things you will need to pay; before you sign up for the course. A few of these things are:

  • College fees with your recognized training provider. Also referred to as course costs.
  • Book costs. Remember to check what books you will have to purchase for your course; and if your college include these books with your study costs.
  • Exam charges. Likewise, when you sign up for the test you will have to pay your trainee registration cost to the ICB.
  • ICBA Trainee Subscription costs, if choose to sign up with the ICBA. We advise that you join them as quickly as you can.

 

The Institute of Certified Bookkeepers and Accountants (ICBA)

The ICBA is a professional body that offers subscription to trainees studying ICB courses. Initially you can just become a Trainee Member. But as quickly as you have actually finished your very first qualification, you will be eligible for Professional Membership.

This means you get to use a professional classification behind your name on your business card. In this way you show your colleagues and your clients that you are serious about your occupation, which you are acknowledged as a professional by the ICBA.

The different qualifications result in various designations. So be sure to find out more about the ICBA early on in your studies. This is an excellent method to improve your CV and your professional status.

 

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Last Updated: June 09 2017