ICB Courses No Longer Available at UNISA
Unisa used to offer ICB Qualifications , however, these have fallen away and can no longer be obtained through them. ICB Qualifications have immense value in the job market, and can still be obtained from other institutions such as TWP Academy. You can even study them via distance learning while you work.
TWP Academy offers the following courses:
- Financial Accounting Courses – ICB
- Office Administration Courses – ICB
- Business Management Courses – ICB
- Public Sector Accounting – ICB
- Entrepreneurship Courses – ICB
ICB Accounting Courses – Study with the Institute of Certified Bookkeepers.
The Institute of Certified Bookkeepers use a variety of accounting courses. You can begin at a scholastic level listed below Matric, and work your way up as much as 2 levels higher than matric (NQF 6 level).
To understand the ICB Bookkeeping courses, you need to consider the following:
- Why study Accounting?
- Can I study ICB Accounting courses if I do not have Matric?
- The difference between Accounting and Accounting Courses.
- The various levels of study with the ICB.
- The various courses that comprises the ICB Financial Accounting Program.
- Foundation Level.
- Intermediate Level.
- Upper Intermediate Level.
- Advanced Level.
- What qualifications do you get?
- Study further after completing your program.
- Topics that are the same throughout 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 Accounting?
In South Africa accounting and accounting are scarce skills. That suggests that both industry and government acknowledge that we have a scarcity of accountants and accountants. The government body for qualifications in the financial sector, FASSET, has done a study on scarce skills in 2015. From that study they released their Scarce Skills Guide 2015.
FASSET is the SETA for Finance, Accounting, Management Consulting and other Financial Providers. In their scarce skills direct they determined the following as scarce skills:
- Trainee Accountant.
- Financing Supervisor.
- General Accountant.
- Accounts Clerk.
- Payroll Clerk.
- Debt Collector.
These are all positions for which an ICB bookkeeping course will prepare you correctly. Your accounting qualification will make sure that you are constantly in demand. It is an excellent career that can take you to the highest level in an organisation.
The shortage of accounting skills likewise impacts federal government departments. All government departments have accounting and bookkeeping divisions. And they work every year to get a “clean audit”. To get a clean audit implies that they require well-trained, qualified, committed and experienced accounting and accounting personnel and supervisors.
As a qualified bookkeeper or accountant, you will always remain in demand. Either in private business, or in a federal government department, which can consist of both towns, in addition to larger national government departments.
Can I study ICB Bookkeeping courses if I do not have Matric?
The bookkeeping courses begin at NQF level 3. And they go up to NQF level 6. Matric is at NQF level 4. So these courses are accessible for student who do not have matric. You begin at an academic level listed below matric. And if you keep studying, you will wind up with a qualification two levels above matric.
The ICB courses are established to be accessible for students who must work and study at the same time. With distance learning you can study an hour every night. You now have 5 test chances per year, so as soon as you are ready for an examination, you can go and write that test. In this way you can do your course step by step.
As you progress with the program, you will get recognition at the different levels. After completing the very first 4 subjects, you will already get your very first qualification from FASSET, and your very first ICB Programme Certificate.
The various Levels of study with the ICB.
The ICB bookkeeping program is divided into various levels. Inside each level can be several courses. The program is divided into four levels, as follows:
- Foundation Level.
- Intermediate Level.
- Upper Intermediate Level.
- Advanced Level.
As you complete each level, you will get recognition from the ICB through an ICB Program Certificate. As you finish the various courses inside the levels, you will get acknowledgment from FASSET through your formal qualification from FASSET.
I will explain the different levels, and the courses inside each level, in detail below.
The different Courses that makes up the ICB Financial Accounting Program.
The ICB Accounting/ Financial Accounting Programme is broken into 4 levels. Inside each level is one full qualification. As you advance up the ladder of qualifications, you will see the names of the qualifications alter from Accounting to Accounting.
The ICB Financial Accounting Programme consist from 4 different levels, each with a FASSET qualification inside it; as follows:
- Foundation level – National Certificate: Accounting (NQF Level 3).
- Intermediate level – FET Certificate: Bookkeeping (NQF level 4).
- Upper Intermediate level – National Diploma: Technical Financial Accounting (NQF level 5).
- Advanced level – National Diploma: Financial Accounting (NQF level 6).
In the ICB, we describe the Foundation and Intermediate level courses, as Accounting courses. So that will be these two qualifications:
- National Certificate: Bookkeeping (NQF Level 3).
- FET Certificate: Bookkeeping (NQF Level 4).
Accounting courses in the ICB are the higher level courses that we find 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).
The foundation level is the starting point for a lot of trainees. If you did refrain from doing that well at school, or you failed matric, or you have actually not studied for many years, then the foundation level assists you bridge the gap and get back into studying.
Academically the level is NQF 3. That is the level listed below matric, so we understand that trainees with Grade 10 (Standard 8) will be able 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 should pass four subjects. The advised time to finish this level is 12 months. Distance learning trainees can take up to 18 months.
The intermediate level are for trainees who have effectively completed the foundation level. It is your second step on the ladder to becoming a Financial Accountant.
To enter this level, you should have passed the foundation level. That means you need to currently have your National Certificate: Bookkeeping to enter this level.
To complete this level you must pass 2 topics. Numerous trainees complete this level in six months. Distance learning trainees can take up to 9 months to finish this level.
Upper Intermediate Level.
AT this level you move from Bookkeeping to Accounting. If your dream is to become an Accountant, then this level will get you there!
To enter this level you must have passed the Intermediate level. That suggests you should have your FET Certificate: Accounting to acquire entry to the Upper Intermediate Level.
To finish this level you must pass 2 topics. The advised time of study is 6 months. Distance learning students can take up to 9 months to complete this level.
This is the top level of ICB studies. Here you will gain your National Diploma: Financial Accounting (NQF Level 6). To enter this level you must have passed all the previous levels. So that indicates you must be in possession of your National Diploma: Technical Financial Accounting.
To pass this level you need to effectively complete four topics. Trainees usually take around 12 months to complete this level. Distance learning students can take a bit longer, naturally.
What qualifications do you get?
At the different levels you get different qualifications. You get your qualifications from FASSET. And you likewise get certificates from the ICB for every single level that you progress.
The qualifications are named as follows:
- Foundation Level Qualification.
- National Certificate: Accounting (NQF Level 3).
- Intermediate Level Qualification.
- FET Certificate: Bookkeeping (NQF level 4).
- Upper Intermediate Level Qualification.
- National Diploma: Technical Financial Accounting (NQF level 5).
- Advanced Level Qualification.
- National Diploma: Financial Accounting (NQF level 6).
Study further after finishing the ICB Financial Accounting Programme.
The ICB offers five various fields of study. Thus far we have actually talked about just one of these disciplines, being: Financial Accounting, or Accounting.
The other disciplines are:
The various programs have many subjects in common. So when you have completed one program, you may discover that you can achieve another qualification by just doing the subjects that does not overlap.
For example, three of the very first four subjects in each of these programs are the same. So if you have actually passed the four topic for your Accounting program, you have also completed three of the 4 topics you need for the general public Sector Accounting program. So by including that a person subject, you receive another complete qualification.
Study further after finishing your program – Other Courses.
The ICB has recognition agreements in place with a number of other professional bodies. So, depending on what qualification you have completed with the ICB, you can get credits to qualifications with these bodies.
Here are a list of a few of the bodies that will recognise your ICB qualifications as counting towards some of their programs, as well as to 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).
Note: You will need to apply to these professional bodies. And they each have their own set of entrance criteria and guidelines.
The function of your college and the function of the ICB – who does exactly what?
Your college or academy offers you with the study products, marking, tutoring and all the aid you need to prepare you for the exam. Your college assists you finish your Portfolio of Evidence. And will keep pressing you, so that you finish the course effectively and in a reasonable quantity of time. We keep you working, studying and inspired!
Then you compose the test (and hand in your Portfolio of Proof) with the ICB. The ICB manages the quality of the program. They recognize the course suppliers, to guarantee that students get excellent training and has a genuine possibility of passing the examinations.
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 various versions of studying in the house, with the help of a college and a tutor that guides you through your program.
The very best colleges will guarantee you get the best study product, bit by bit, and sent with a courier. So that your study material gets to you rapidly.
Studying ICB courses via distance learning is for people who can not go to classes. So if you remain far away from a campus where they provide ICB courses, then you should consider distance learning. Distance learning ways that your course supplier sends you books and study notes. And after that assists you study over the phone, or e-mail or some online system.
You can have a look at distance learning college: Skills Academy’s accounting courses.
Home study is for students who can not go to classes. A lot of our students need to work to make an income 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 material 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 materials.
When you need a friendly voice to discuss your studies, you can call the college. Or you can engage with fellow trainees and your lecturers in our online study groups. This is where you can learn the most … seeing the concerns of other trainees, and how the tutors answer those questions.
If you need to speak to your tutor individually, you can also do that. The online study hall also allow you to have private conversations.
Another way that these courses take into account the requirements of a home study trainees, is that there are five test sessions in 2017. So if you can not make a test session, you understand that another chance to compose that examination will come around in 3 months or less. You can likewise utilize the numerous examination sessions every year, to advance through your course faster than the other trainees. As quickly as you are ready to compose an exam, you will be close to the next test session.
Part Time Study.
Part-time study is for trainees who can attend some classes, however not many. So you might go to a class in the evening or on a Saturday. And then study from home the remainder of the time.
Online study suggests that a lot of your interactions occur on the internet. With our online study hall, we have produced a chat-group environment where you can learn from your tutors and from other trainees.
ICB Courses at Unisa.
Trainees typically ask if they can study ICB Accounting at Unisa. This is especially trainees who want to go on and study a degree later on.
Regrettably Unisa does not offer any of the ICB courses. If you intend to study a degree at Unisa, ensure you consult them if they will accept any of your ICB studies for scholastic credits or for entry onto their degree programmes.
Each university has its own rules. So if you intend to study additionally at a university, make absolutely sure you comprehend how they will recognise your previous research studies. The majority of universities will not give you academic credits for other research studies. They normally simply want to see your matric certificate. Yes, I know this does not make sense!
ICB Course Fees.
Your ICB Accounting course will entail a number of expenses. So ensure you understand all the various things you will need to pay; prior to you register for the course. A few of these things are:
- College charges with your recognized training supplier. Likewise referred to as course costs.
- Book costs. Keep in mind to inspect exactly what books you will need to purchase for your course; and if your college include these books with your study charges.
- Exam costs. Also, when you sign up for the test you will have to pay your trainee registration fee to the ICB.
- ICBA Student Membership charges, if choose to sign up with the ICBA. We suggest that you join them as quickly as you can.
The Institute of Certified Bookkeepers and Accountants (ICBA).
The ICBA is a professional body that provides subscription to students studying ICB courses. Initially you can only end up being a Student Member. But as soon as you have finished your very first qualification, you will be qualified for Professional Subscription.
This means you get to use a professional classification behind your name on your business card. In this way you reveal your colleagues and your clients that you are serious about your occupation, and that you are recognised as a professional by the ICBA.
The various qualifications lead to different classifications. So make certain to learn more about the ICBA early on in your studies. This is a terrific way to boost your CV and your professional status.
Last updated: April 4, 2019