Why Study Business Management?
The objectives of any business may include earning a profit, keeping stability, and creating job opportunity. People who study business courses are given the possibility to learn about managing businesses of numerous sizes. They likewise learn more about the relationships between services and the communities that they serve. Studying a business management course might assist you on your way to becoming a leader in the business environment. The ICB uses a completely recognized business management course program.
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 utilize to incorporate both Professional Subscription along with Education and Training. However, academic policies and laws in 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 academic body continues under the name Institute of Certified Bookkeepers.
The (brand-new) ICB, that is the body solely 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 Providers).
This suggests that the ICB is authorized by FASSET to acknowledge training business. Function as the evaluation (examinations) body for the ICB courses, utilized by training business accredited by them.
Presently the QCTO (the Quality Council for Trades and Occupations) is in the procedure of managing the obligation for all SETAs. That suggests that FASSET “falls under” the QCTO. This may have some effect on the information of the accreditation process in the future. Both FASSET and the QCTO are bodies established in terms of an Act of Parliament.
The ICB, under authority of FASSET (and soon under authority of the QCTO), is liable for the quality control 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 recognized by SAQA as a Professional Body and for the registration of 7 professional classifications on the National Qualifications Structure (NQF).
Normally 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 get Membership.
The primary goal of the ICBA is to offer professional membership 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 Subscription of the ICBA.
Where will I have the ability to work?
All services need certified people in management. The list below types of companies are basic examples:
– Manufacturing companies
– Service companies
– Logistics and Supply Chain Supervisor Financial institutions.
– Own business.
– Business Analyst.
– Operations Supervisor General Manager.
– Compliance Officer.
– Management Specialist.
What are the benefits of studying business management?
Management involves a broad ability that can benefit you in any working environment. Here are a few of the advantages of studying business management:.
– You will get a good grasp of the realities of the business world.
– You will learn about the Significance of teamwork.
– You will learn ways to manage individuals.
– You will learn more about entrepreneurship.
– You will have the ability to combine your business management understanding and skills with a variety of other abilities in order to pursue different career courses.
– You will learn more about different aspects of running your own business.
– You will acquire a much better understanding of exactly what to get out of workers.
– You will learn more about organizations and how they are structured.
– You will find out ways to engage more effectively on a professional level.
Learn the best ways to make a business be successful!
This program is just the ticket if you have ambitions of handling a business and its finances.
Good business management is essential for a company’s commercial success. In this ICB programme, you’ll learn about business and monetary management best practices, office and legal practice, personnel management, computer literacy, international business method and research study methods in commerce.
Your very first certification in just 3 subjects.
You can attain the ICB Business Management: Foundation Level after completing just 3 topics (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.
Small Business Financial Management.
( NQF L4 – SAQA ID 48736, total 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 Scientist, Junior Expert, 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 the business stakeholders. Show that you know exactly what it suggests to be a general manager. Expense and cost products and manage working capital. Run a computer.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (need to consist of 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 Supervisor, Labour Relations Manager, Field/Floor/Store/ Department Manager, Customer support Supervisor.
Exactly what I’ll be able to do.
Manage your journal and work schedule as a manager. Run effectively as a general office supervisor of a business. Apply marketing, law, PR, and economics concepts in business. Draw up and analyze financial declarations and reports. Work efficiently with the HR and labour relations departments. Use business development concepts for local and global growth.
( NQF L6 – SAQA ID 20366, total cumulative credits: 280).
Higher Certificate: Office Administration (must consist of the 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 (via SAIBA if you fulfill their criteria). Field/Floor/Store/ Department Supervisor, Secret Account Supervisor, Business Supervisor, Business Consultant, Business Consultant, Service or Sales Manager.
What I’ll be able to do.
Deal with management info systems at a corporate level. Prepare a business for internal/external audit. Apply principles of tactical intent and strategic thinking in a worldwide business environment. Apply managerial financing and control concepts in a commercial environment. Prepare 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 tests 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 authorized assessment 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 amazing tool to help you study. Do not leave it to the eleventh hour or you’ll really be disadvantaging yourself!
Enter for an ICB exam
Class trainees will do this through their colleges.
Distance learning trainees will enter upon the ICB Student Portal online
Select your qualifications at first. Then pick he topics, test dates and locations for your examinations, and send your test entry together with the needed fee. All trainees will get an email validating their examination entries.
How does ICB examination work?
When you register to study an ICB course, you’ll also need 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 know and comprehend the course product well enough to pass. Each ICB program is designed to have particular 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 important part of the ICB evaluation policy.
Each outcome requires a certain amount of time for you to achieve it. These hours are represented by credits. As specified by the South African Qualifications Authority (SAQA), and the ICB evaluation policy, 1 credit equals 10 notional hours. Notional learning hours are considered to be the time taken by the typical trainee to accomplish the defined learning outcomes.
What happens if I fail my ICB examination?
Do not panic if you do not pass very first time, you can get a second chance, With an ICB Re-Assesment If you are evaluated as ‘not yet competent’ in a topic (you did not pass it), you will have an opportunity to write one re-assessment, which is only a summative final test with a pass mark of 60% (no PoE required– the examination counts fully to your grade).
You should 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 content does alter. If you miss your re-assessment, or you are ‘not yet skilled’ in it, you can’t redo it. You will need 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 examination entry for a specific subject.
How many Portfolios will I get?
You’ll get one PoE per subject per exam. Each PoE is customized to that specific topic. Distance learning trainees will get their Portfolios directly.
What must I do when I get my PoE?
Take a look at that your individual info 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 details where you are asked to.
Exactly what’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your vital summary of studying your ICB topic!
Your ICB Administration Guide informs you precisely what to do throughout your ICB research study studies. It discusses ways to complete 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 jobs
For each topic, the ICB sets 3 Projects and 2 Tests that assist you to assess your knowledge during your 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 used by their speakers during their research studies.
You’ll similarly find blank answer books in your PoE for you to make up the answers to your ICB Tests and Tasks in.
Why is my PoE so crucial?
The ICB discovering experience is special– our scholastic team has actually developed it to use you the very best possible chance of discovering successfully and passing your topic the very first time.
Nevertheless it’s not practically passing the test Our method ensures you get a deep and comprehensive understanding of your course items.
So you don’t merely get a certification– you gain skills that you can make use of in your job from day 1.
When do I hand in my PoE?
A couple of days prior to your last examination, go through the checklist in your ICB Portfolio Administration Guide and make certain you have actually done and consisted of everything. Make a copy of our entire PoE as a backup.
Take your finished PoE to your last test. You’ll hand it there in.
Your Last test.
When you have actually finished composing your last exam, you must consist of the exam concern 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 actually handed it in.
Ill on test day?
You can get a medical postponement and you’ll require a medical certificate. Contact your college or the ICB for more information.
Missed your exam?
If you did not attend your test, and did not delay it in time, you’ll have to begin the subject over by re-entering 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 last mark comes from the activities and assessments you carry out throughout your course. Your Portfolio of Proof (PoE) is a folder provided to you at the start of the course, as soon as you’ve registered for an evaluation with the ICB. You’ll need to put any tasks offered to you as well as 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 examine to see if you truly know your stuff. You’ll need to get at least 50% for this test to pass, regardless of your total mark.
This doesn’t suggest that you can slack with your activities and assessments during your research studies, as they completely prepare you for the last evaluation, as well as offer proof of the effort you have actually.
Exactly what happens if I need to postpone an assessment?
Ought to you need to delay your ICB exams then you will have to examine the Assessment Timetables to see when you need to send posts ponement by and pay a postponement cost. There are cut-offs for these for each evaluation cycle so make certain you ask for a post ponement in time.
If you have to postpone your assessment due to the fact that you’re ill on the day, you can look for a totally free post ponement (include a doctor’s certificate with your request), which may be issued at the ICB’s discretion. Evaluation for subjects can be postponed once only if we have actually received your post ponement charge in time.
Results are launched about 7 weeks after your examination. See the ICB exam timetables for outcomes launch dates.
Distance learning students will be able to get their results on the Trainee Portal, and they will likewise be emailed to you.
Register with a professional body
If you have actually ended up a complete 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 attractive to companies and customers, your ICB qualifications can likewise lead you to these opportunities:
Study even more with the ICB
Accredited, respectable and acknowledged 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 in your area and globally by a number of professional bodies. ICB qualifications are modular, which suggests you can build on them as your research studies or profession progress. You can also certify in another programme simply by finishing a couple of more topics. See the table on page 7 for more.
Find a job
In association with CareerJunction, South Africa’s hugely popular job website, you can browse and look for monetary 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 respected, international, accounting expert bodies – locateded in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB provides.
CIMA offers training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials can apply to CIMA for as much as 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 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 up to 6 exemptions to advance your research studies to ending up being a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa provides numerous expert qualifications in this specific field of corporate governance, and grants exemptions for certain ICB subjects.
Professional Subscription Opportunities
When you’ve finished your studies through the ICB, there are numerous local and worldwide professional bodies that you can apply to for expert subscription.
The ICBA is the sis organisation of the ICB and grants membership … at a number of levels based on your certification(s) and work experience. The ICBA recognises all the ICB’s existing qualifications, along with other pertinent qualifications that are registered on the South African National Qualifications Structure. Foreign qualifications are also recognised, as long as they have actually been examined by SAQA.
If you want to register as a tax specialist, you’ll need to become a member of SAIT. SAIT acknowledges the ICB’s FET Certificate: Accounting, and the National Diploma: Technical Financial Accounting qualifications. Students who sign up with SAIT with the FET Certificate: Bookkeeping qualification need to update this to the National Diploma: Technical Financial Accounting within a year of ending up being a member. SAIT has numerous other membership criteria– please contact them for details.