Why Study Business Management?

The goals of any business may consist of earning a profit, keeping stability, and developing job opportunity. People who study business courses are provided the chance to learn about managing organisations of various sizes. They also learn about the relationships between organisations 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 uses a totally accredited business management course programme.  

The Institute of Certified Bookkeepers.

The Institute of Certified Bookkeepers is a Professional Body that has really existed since 1931. In South Africa the functions of professional bodies use to incorporate both Professional Subscription along with Education and Training. However, scholastic guidelines and laws over the last few years made these bodies split those functions. Thus, the historical ICB was divided into a Professional Body and an Academic Body in 2015. The educational body continues under the name Institute of Certified Bookkeepers. The (new) ICB, that is the body solely handling Academics, is a recognized Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Funding, Accounting, Management Consulting and other Financial Solutions). This recommends that the ICB is authorized by FASSET to acknowledge training companies. Serve as the assessment (tests) body for the ICB courses, used by training business accredited by them. Presently the QCTO (the Quality Council for Trades and Occupations) remains in the process of dealing with the commitment for all SETAs. That indicates that FASSET “falls under” the QCTO. This may have some impact on the details of the accreditation procedure in the future. Both FASSET and the QCTO are bodies established in regards to an Act of Parliament. The ICB, under authority of FASSET (and quickly under authority of the QCTO), is accountable 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 acknowledged by SAQA as a Professional Body and for the registration of 7 professional classifications on the National Qualifications Structure (NQF). Typically a student would study ICB qualifications, and on the strength of their qualifications, along with working experience, and adhering to a professional standard operating procedure, have the ability to obtain Subscription. The main objective of the ICBA is to supply professional membership to Junior and Senior Accountants, in addition to Junior Accountants and Financial Accountants, in addition to Office Administrators. As an ICB trainee, you can get Student Subscription of the ICBA.  

Where will I have the ability to work?

All companies require certified people in management. The list below kinds of services are basic examples: – Manufacturing businesses – Service companies – Retailers. – Logistics and Supply Chain Supervisor Financial institutions. – Own business. – Business Analyst. – Operations Supervisor General Supervisor. – Compliance Officer. – Management Expert.  

What are the benefits of studying business management?

Management entails a broad capability that can benefit you in any workplace. Here are a few of the benefits of studying business management:. – You will acquire a good grasp of the realities of the business world. – You will learn more about the Significance of teamwork. – You will discover ways to manage individuals. – You will learn about entrepreneurship. – You will have the ability to integrate your business management understanding and skills with a variety of other skills in order to pursue various career paths. – You will learn about various aspects of running your own business. – You will get a better understanding of what to expect from staff members. – You will discover more about companies and how they are structured. – You will learn the best ways to connect better on a professional level.   Learn how to make a business succeed!   This program is just the ticket if you have ambitions of managing a business and its financial resources. Good business management is critically important for a company’s business success. In this ICB program, you’ll learn more about business and financial management finest practices, office and legal practice, personnel management, computer system literacy, international business method and research techniques in commerce.  

Your first certification in simply 3 topics.

You can achieve the ICB Business Management: Foundation Level after completing simply 3 subjects (and achieve the National Certificate: Small company Financial Management). Continue your research studies to advance to the Intermediate and Advanced Levels, and their associated nationally acknowledged qualifications.  

Foundation Level.

National Certificate. Small Business Financial Management.   NQF Level. ( NQF L4 – SAQA ID 48736, overall credits: 120).   Period. 9 months.   Entry requirements. Grade 11 (Std 9) or equivalent.   Subjects.
  1. Business Management 1 (BMT1).
  2. Bookkeeping to Trial Balance (BKTB).
  3. 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 Analyst, Sales Assistant.   What I’ll be able to do. Demonstrate an understanding of the paperwork, processing and recording of a business’s financial transactions. Interact successfully with the business stakeholders. Show that you know what it implies to be a general supervisor. Expense and cost items and handle working capital. Run a desktop computer.  

Intermediate Level.

Higher Certificate. Office Administration.   NQF Level. ( NQF L5 – SAQA ID 23619, total cumulative credits: 240).   Duration. +15 months.   Entry requirements. National Certificate: Small Business Financial Management (must consist of the Business Management 1 topic).   Topics.
  1. Office and Legal Practice (OLPR).
  2. Business Management 2 (BMT2).
  3. Marketing Management and Public Relations (MMPR).
  4. Financial Statements (FNST).
  5. Human Resources Management and Labour Relations (HRLR).
  What my title can be. Senior Office Administrator, Secretary, General Office Supervisor, Human Resources Manager, Labour Relations Manager, Field/Floor/Store/ Department Manager, Customer care Supervisor.   Exactly what I’ll have the ability to do. Handle your journal and work schedule as a manager. Operate effectively as a basic office manager of a business. Apply marketing, law, PR, and economics principles in business. Draw up and interpret financial declarations and reports. Work efficiently with the HR and labour relations departments. Use business growth principles for local and international expansion.  

Advanced Level.

National Diploma. Financial Accounting.   NQF Level. ( NQF L6 – SAQA ID 20366, total cumulative credits: 280).   Duration. +12 months.   Entry requirements. Higher Certificate: Office Administration (must consist of business Management 2 subject).   Topics.
  1. Business Management 3 (BMT3).
  2. Financial Management and Control (FMCL).
  3. Financial Reporting and Regulatory Frameworks (FRRF).
  4. Research Theory and Practice (by short dissertation, topic: Business Management) (RTAP).
  What my title can be. Financial Accountant, Accounting Officer (via SAIBA if you fulfill their criteria). Field/Floor/Store/ Department Manager, Key Account Manager, Business Manager, Business Consultant, Business Advisor, Service or Sales Supervisor.   What I’ll be able to do. Deal with management details systems at a corporate level. Prepare a business for internal/external audit. Apply principles of strategic intent and tactical thinking in an international business environment. Apply managerial finance and control concepts in a commercial environment. Prepare and analyze monetary statements and reports in accordance with IFRS.   You can start today!  

Test Dates and Venues

Class students: The majority of the colleges hold tests on-site monthly, so examine 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 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 extraordinary tool to help you study. Do not leave it to the eleventh hour or you’ll really be disadvantaging yourself!  

Enter for an ICB examination

Class students will do this through their colleges. Distance learning trainees will enter upon the ICB Trainee Portal online Select your qualifications initially. Then select he topics, exam dates and places for your examinations, and send your test entry in addition to the required fee. All trainees will get an email verifying their examination entries.  

How does ICB examination work?

When you register to study an ICB course, you’ll likewise need to register to be examined for it. This is so that they can determine at the end of it whether you understand and understand the course product well enough to pass. Each ICB programme is developed to have specific outcomes. These outcomes are things that you will be able to do and comprehend as a result of your studies. This is the most vital part of the ICB evaluation policy. Each outcome requires a specific quantity of time for you to accomplish it. These hours are represented by credits. As defined by the South African Qualifications Authority (SAQA), and the ICB assessment policy, 1 credit equates to 10 notional hours. Notional learning hours are considered to be the time taken by the average trainee to attain the specified learning outcomes.  

Exactly what happens if I fail my ICB exam?

Don’t stress if you do not pass first time, you can get a 2nd chance, With an ICB Re-Assesment If you are evaluated as ‘not yet competent’ in a subject (you did not pass it), you will have a possibility to compose one re-assessment, which is just a summative final exam with a pass mark of 60% (no PoE required– the exam counts completely to your grade). You need to finish the re-assessment within 12 months of your initial summative assessment date. We do recommend you write your re-assessments as quickly as you can, as subject material does alter. If you miss your re-assessment, or you are ‘not yet competent’ in it, you cannot redo it. You will have to return to for the subject and start it over by completing a new PoE.  

When do I get my Portfolio of Evidence?

Your PoE will show up 3-4 weeks after the ICB gets your examination entry for a particular topic.  

How many Portfolios will I get?

You’ll get one PoE per subject per exam. Each PoE is customized to that particular topic. Distance learning trainees will get their Portfolios straight.  

Exactly what must I do when I get my PoE?

Take a look at that your specific details on the cover are right. Let you’re your college/the ICB understand As Soon As Possible if anything is wrong. Go through the whole PoE and fill in information where you are asked to.  

Exactly what’s inside my PoE?

  Your ICB Portfolio Administration Guide This is your crucial summary of studying your ICB topic! Your ICB Administration Guide informs you precisely what to do throughout your ICB research studies. It talks about ways to complete your PoE, and contains lots of types you have to finish. Conquer it step by step and follow all the directions in it, and you’ll be on track for success!  

ICB Tests and projects

For each topic, the ICB sets 3 Projects and 2 Tests that assist you to evaluate your understanding during your research studies. Distance learning students will find ICB Tests and Tasks 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 lecturers throughout their research studies.  

Answer Books

You’ll also find blank response books in your PoE for you to compose the answers to your ICB Tests and Projects in.  

Why is my PoE so essential?

The ICB discovering experience is special– our scholastic team has actually produced it to provide you the absolute best possible possibility of finding out successfully and passing your subject the first time. However it’s not nearly passing the test Our technique ensures you get a deep and comprehensive understanding of your course products. So you do not just get a qualification– you acquire skills that you can use in your task from day 1.  

When do I hand in my PoE?

A number of days before your last examination, go through the checklist in your ICB Portfolio Administration Guide and make sure you have in fact 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 Final test.

When you have finished composing your last test, you should consist of the test question and response papers to your PoE, and hand everything in together. You can not send out the ICB anything else for your PoE after you have handed it in.

Sick on test day?

You can get a medical postponement and you’ll need a medical certificate. Contact your college or the ICB for additional information.

Missed your examination?

If you did not attend your test, and did not postpone it in time, you’ll need to begin the topic over by re-entering for the test and getting a brand-new PoE.  

Everything You Need To Know

Wondering how you ICB course will be graded? It’s easy. 30% of your final mark comes from the activities and assessments you carry out during your course. Your Portfolio of Evidence (PoE) is a folder given to you at the start of the course, once you’ve signed up for an assessment with the ICB. You’ll need to put any assignments offered to you as well as the tests you take in it. Your PoE is complete when your final assessment is contributed to it at the end of your course. Your final evaluation will count for the remaining 70%– this is your examination. You will have to include it in your PoE, which an ICB-registered assessor will then check to see if you really know your things. You’ll have to get at least 50% for this exam to pass, regardless of your total mark. This doesn’t indicate that you can slack with your activities and assessments throughout your research studies, as they totally prepare you for the last evaluation, as well as offer proof of the effort you’ve.  

Exactly what happens if I need to postpone an assessment?

Must you need to postpone your ICB tests then you will have to examine the Assessment Timetables to see when you have to send postponements by and pay a post ponement cost. There are cut-offs for these for each assessment cycle so ensure you request a post ponement in time. If you need to delay your assessment because you’re ill on the day, you can obtain a free post ponement (include a medical professional’s certificate with your demand), which may be released at the ICB’s discretion. Evaluation for subjects can be postponed once only if we have received your post ponement fee in time.  

Results

Results are launched about 7 weeks after your examination. See the ICB examination timetables for outcomes launch dates. Distance learning trainees will have the ability to get their outcomes on the Trainee Website, and they will also be emailed to you.  

Register with a professional body

If you have in fact ended up a complete certification, you can apply to sign up with a professional body like the ICBA.  

Exactly what I can do with my ICB qualifications

Along with making you attractive to companies and customers, your ICB qualifications can also lead you to these opportunities: Study even more with the ICB Accredited, respectable 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 companies, and our graduates are recognised in your area and globally by numerous expert bodies. ICB qualifications are modular, which means you can build on them as your research studies or profession development. You can likewise qualify in another program simply by completing a few more topics. See the table on page 7 for more.  

Find a task

In association with CareerJunction, South Africa’s extremely popular task website, you can browse and obtain financial and admin positions at www.icb.org.za/careers  

Study further elsewhere with credit for your ICB qualification

The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Licensed Accounting professionals (ACCA) are respected, worldwide, accounting professional 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 expert accounting professionals, with over 110 years of experience, development and excellence. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study further through ACCA. You will receive up to 6 exemptions to enhance your studies to ending up being a Chartered Qualified Accountant with ACCA. Chartered Secretaries Southern Africa offers a number of expert qualifications in this specific field of business governance, and grants exemptions for certain ICB topics.  

Professional Membership Opportunities

When you have actually finished your research studies through the ICB, there are numerous regional and global expert bodies that you can apply to for expert subscription. The ICBA is the sister organisation of the ICB and grants membership … at a number of levels based on your credentials(s) and work experience. The ICBA identifies all the ICB’s present qualifications, in addition to other appropriate qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are likewise acknowledged, as long as they have been evaluated by SAQA. If you wish to sign up as a tax practitioner, you’ll need to become a member of SAIT. SAIT identifies the ICB’s FET Certificate: Accounting, and the National Diploma: Technical Financial Accounting qualifications. Trainees who register with SAIT with the FET Certificate: Accounting credentials need to update this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has a number of other membership criteria– please call them for details.