Which Course Is Best For Financial Management?

The ICB offers the Small Business Financial Management: National Certificate. This course equips students with the skills and knowledge to run a business.

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Last Updated : April 11, 2022

Here is the course that is best for Financial Management:

This course is best for Financial Management because of the following:

  • Entry requirements are flexible
  • You can study by distance learning
  • The courses build on each other. This means that your skills and knowledge are improved with each course.
  • You can study further

What Kind Of Course Is ICB Financial Management?

The ICB Small Business Financial Management course equips students with the basics of starting and running a small business.

What Are The Main Subjects In The Financial Management Programme?

There is one main subject in the ICB Financial Management Programme, that is, Business Management. There are three subjects in the Small Business Financial Management: ICB FET National Certificate. Here are the subjects;

  • Business Management 1
  • Bookkeeping to Trial Balance
  • Business Literac

What You Will Learn

By the end of this course, you will be able to do the following:

  • Keep track of all business financial transactions
  • Establish good relations with employees, suppliers, regulatory authorities, and customers
  • Be an effective General Manager. Because it is a small business, you will be taught how to manage all aspects of the business.
  • Determine the cost of a product or service
  • Price, a product or service
  • Budgeting for a business
  • Operate computer systems and packages

What Are The Requirements For The ICB Financial Management Course?

To study for the ICB Financial Management course, you will need the following entry requirements:

  • Grade 11. You must prove that you completed and passed your Grade 11.
  • Be 16 years or older
  • Be able to study by distance learning
  • Be able to read, write and understand English

Is ICB Financial Management A Good Career?

Yes, Financial Management is a good course. Here is why Financial Management is a good course:

  • Scarce skill
  • Start your own business
  • Learn new transferable skills
  • Above-average salary
  • Study further

Scarce Skill

All ICB courses offer scarce skills courses. Scarce skills are those skills that are in demand in the job market. This means that there are very few people with Small Business Financial Management qualifications in South Africa. With an ICB qualification, you are readily employable.

Start Your Own Business

This means that you can use the knowledge and skills that you have gained to start your own business. The ICB Small Business Financial Management Course is a great resource for those who want to start their own business or who have already started a business but want more skills and knowledge on how to run it.

Learn New Transferable Skills

When you study the Small Business Financial Management: ICB FET National Certificate you can learn new skills.

Above-Average Salary

Financial Management is a good course because salaries earned in the profession are above average. Remember Financial Management is a scarce skill. Employers are always searching for scarce skills.

Do Further Studies

The beauty of the ICB courses is that they build upon each other. Here are the courses that you can study further after completing the Small Business Financial Management Certificate Course:

Is Financial Management In Demand?

Yes, Financial Management is in demand. No business can function without a Financial Manager. Financial Management is needed in any organisation. Employers are always searching for Financial Managers.

How Long Is The Small Business Financial Management Course?

The recommended duration of the Small Business Financial Management course is 9 months. Here is the duration of the ICB Business Management Programme:

What Are The Duties Of A Financial Manager?

Here are the duties of a Finance Manager:

  • Provide financial reports
  • Advise on investment activities 
  • Maintain the financial health of the organisation
  • Analyse costs and pricing
  • Develop trends and projections for the business’s finances
  • Conduct financial reviews and evaluations
  • Manage operations of the finance department

Where Can I Study ICB Small Business Financial Management In South Africa?

You can study for the ICB Small Business Financial Management Course at Matric College. Here is what you need to do:

  1. Contact one of our course experts
  2. Within 5 – 7 days, you will receive your study material by courier at your doorstep
  3. Come up with a study timetable that you will stick to
  4. Study your notes
  5. Get feedback from your tutor
  6. Get assisted in those areas that you are struggling with
  7. Get exam tips from Matric College
  8. Prepare for your exams
  9. Write and pass your exams
  10. Get your QCTO accredited and FASSET certified qualification.

How Can I Be An ICB Student?

Before you register with the ICB, you must register with Matric College first. After registering with Matric College, you can register with the ICB as a student using the ICB Student Portal.

ICB Student Portal

All students have access to the portal. As a distance learning student, you can use the portal to do the following: 

  • Register with ICB as a student
  • Update your personal information
  • Register for your exams
  • Pay for your annual, exam and other fees
  • Track your progress towards your qualification

How Do ICB Exams Work?

The ICB uses Portfolios of Evidence to conduct student exams. During your studies, you will add assignments and tests to your Portfolio of Evidence. You will complete three assignments and two tests before you write your final exam. 

Your assignments and tests will contribute 30% of your final exam, while your exam will contribute 70%.

The Portfolio of Evidence has three learning phases, and each phase has an assignment.

ICB Assignments

In phases 1 and 2, the assignments are completed online. The assignments are also auto-marked. You will receive immediate feedback on the submitted assignment.

You will need to download the assignment for learning phase three and complete it offline. After completing the assignment, you will need to scan it and upload it to the Portfolio of Evidence.

The assignments are not timed, but you will need to complete them on a single login.

Tests

Two tests need to be completed as part of the Portfolio of Evidence. The tests are part of learning phases 1 and 2. Tests are done online and are auto-marked. You will receive feedback immediately.

Unlike the assignments, the tests are timed. The tests are designed in such a way that there is no time to look for answers. This means that you have to know your work well.

Exams

ICB exams are written throughout the year. For you to be allowed to write your final exams, you must meet the following conditions:

  • You must have completed all the assessments, that is, the three assignments and the two class tests
  • Your Portfolio of Evidence must have been submitted online before the start of an exam. For students who are writing the paper-based exam, the Portfolio of Evidence must be submitted at least 48 hours before the exams.

Online Exams

Online exams are written in April, June, August, October, December and February. The 3-hour exams start at 01:00 pm. An allowance of 30 minutes is given for the setting up of your computer. You will write your final exams on the MACCI platform. The actual dates can be found on the ICB website as shown below.

Paper-Based Exams

When you write a paper-based exam, you will have to go to an examination centre. Paper-based exams are written in March and August. The 3-hour exams start at 09:00 am.

Author: Collin Wilbesi
Editor: Amy Venter
Date Published: April 11, 2022