Why Study Business Management?

The objectives of any business might consist of earning a profit, maintaining stability, and creating employment opportunities. Individuals who study business courses are provided the chance to learn more about managing organisations of numerous sizes. They likewise learn about the relationships in between companies and the communities that they serve. Studying a business management course may help you on your way to becoming a leader in the business environment. The ICB provides a fully certified business management course programme.

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 Membership along with Education and Training. Nevertheless, academic guidelines and laws over 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 (new) ICB, that is the body exclusively dealing with Academics, is a recognized Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Financing, Accounting, Management Consulting and other Financial Solutions).

This suggests that the ICB is authorized by FASSET to acknowledge training business. Act as the examination (exams) body for the ICB courses, utilized by training companies accredited by them.

Presently the QCTO (the Quality Council for Trades and Occupations) remains in the procedure of managing the responsibility for all SETAs. That indicates that FASSET “falls under” the QCTO. This might have some impact on the info of the accreditation process in the future. Both FASSET and the QCTO are bodies developed in regards to an Act of Parliament.

The ICB, under authority of FASSET (and quickly under authority of the QCTO), is liable for the quality assurance and evaluations (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 recognized by SAQA as a Professional Body and for the registration of 7 professional classifications on the National Qualifications Framework (NQF).

Usually a trainee would study ICB qualifications, and on the strength of their qualifications, in addition to working experience, and sticking to a professional standard procedure, have the capability to get Membership.

The main goal of the ICBA is to supply professional subscription 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 Trainee Membership of the ICBA.

Where will I be able to work?

All organisations need certified people in management. The list below types of businesses are general examples:

– Manufacturing companies

– Service companies

– Retailers.

– Logistics and Supply Chain Supervisor Financial institutions.

– Own business.

– Business Analyst.

– Operations Manager General Supervisor.

– Compliance Officer.

– Management Consultant.

Exactly what are the advantages of studying business management?

Management entails a broad skill set that can benefit you in any workplace. Here are a few of the advantages of studying business management:.

– You will get an excellent grasp of the truths of business world.

– You will learn about the Significance of teamwork.

– You will find out how to handle individuals.

– You will learn about entrepreneurship.

– You will have the ability to integrate your business management knowledge and abilities with a range of other abilities in order to pursue different profession paths.

– You will learn more about numerous elements of running your own business.

– You will gain a much better understanding of exactly what to anticipate from workers.

– You will discover more about companies and how they are structured.

– You will discover the best ways to interact better on a professional level.

Learn ways to make a business be successful!

This programme is just the ticket if you have ambitions of managing a business and its financial resources.

Great business management is vitally important for a business’s industrial 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 technique and research study approaches in commerce.

Your first certification in just 3 topics.

You can achieve the ICB Business Management: Foundation Level after completing simply 3 topics (and achieve the National Certificate: Small company Financial Management). Continue your studies to advance to the Intermediate and Advanced Levels, and their associated nationally recognized 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 personnels, office management, legal, administration, public relations, marketing, sales, consumer relations. Junior Scientist, Junior Analyst, Sales Assistant.

What I’ll be able to do.

Demonstrate an understanding of the documentation, processing and recording of a business’s financial transactions. Communicate successfully with business stakeholders. Show that you understand exactly what it indicates to be a general manager. Expense and price products and handle working capital. Operate a personal computer.

Intermediate Level.

Higher Certificate.

Office Administration.

NQF Level.

( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).

Duration.

+15 months.

Entry requirements.

National Certificate: Small Business Financial Management (should include the Business Management 1 subject).

Subjects.

4. Office and Legal Practice (OLPR).
5. Business Management 2 (BMT2).
6. Marketing Management and Public Relations (MMPR).
7. Financial Statements (FNST).
8. Human Resources Management and Labour Relations (HRLR).

What my title can be.

Senior Office Administrator, Secretary, General Office Supervisor, Human Resources Supervisor, Labour Relations Manager, Field/Floor/Store/ Department Manager, Customer Service Supervisor.

Exactly what I’ll be able to do.

Handle your diary and work schedule as a supervisor. Operate effectively as a general office manager of a business. Apply marketing, law, PR, and economics principles in business. Prepare and translate monetary declarations and reports. Work effectively with the HR and labour relations departments. Use business growth concepts for local and global expansion.

Advanced Level.

National Diploma.

Financial Accounting.

NQF Level.

( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).

Duration.

+12 months.

Entry requirements.

Higher Certificate: Office Administration (should consist of the Business Management 2 subject).

Subjects.

9. Business Management 3 (BMT3).
10. Financial Management and Control (FMCL).
11. Financial Reporting and Regulatory Frameworks (FRRF).
12. Research Theory and Practice (by brief argumentation, topic: Business Management) (RTAP).

What my title can be.

Financial Accountant, Accounting Officer (by means of SAIBA if you satisfy their criteria). Field/Floor/Store/ Department Manager, Key Account Manager, Business Supervisor, Business Expert, Business Advisor, Service or Sales Supervisor.

What I’ll have the ability to do.

Deal with management details systems at a business level. Prepare a business for internal/external audit. Apply principles of strategic intent and strategic thinking in an international business environment. Apply managerial financing and control principles in an industrial environment. Prepare and interpret monetary statements and reports in accordance with IFRS.

You can start today!

Test Dates and Venues

Class trainees: Most of the colleges hold exams on-site monthly, so inspect 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 fees as early as possible, so we can send you your PoE ASAP. Your PoE is an amazing tool to assist you study. Do not leave it to the eleventh hour or you’ll truly be disadvantaging yourself!

Enter for an ICB examination

Class students will do this through their colleges.

Distance learning students will enter upon the ICB Trainee Portal online

Select your qualifications at first. Then select he topics, test dates and places for your examinations, and send your test entry along with the required cost. All students will get an email validating their examination entries.

How does ICB examination work?

When you sign up to study an ICB course, you’ll likewise need to sign up to be taken a look at for it. This is so that they can identify at the end of it whether you know and understand the course material 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 understand as a result of your studies. This is the most important part of the ICB assessment policy.

Each result needs a certain 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 evaluation policy, 1 credit equals 10 notional hours. Notional learning hours are considered to be the time taken by the typical student to attain the specified learning results.

Exactly what happens if I fail my ICB exam?

Don’t worry if you do not pass very first time, you can get a 2nd possibility, With an ICB Re-Assesment If you are examined as ‘not yet proficient’ in a topic (you did not pass it), you will have an opportunity to compose one re-assessment, which is just a summative final test with a pass mark of 60% (no PoE needed– the exam counts fully towards your grade).

You should complete the re-assessment within 12 months of your original summative evaluation date. We do suggest you compose your re-assessments as quickly as you can, as subject material does alter. If you miss your re-assessment, or you are ‘not yet proficient’ in it, you cannot 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 Evidence?

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 straight.

Exactly what must I do when I get my PoE?

Examine that your individual details on the cover are right. Let you’re your college/the ICB comprehend ASAP if anything is wrong.

Go through the entire PoE and fill in information where you are asked to.

Exactly what’s inside my PoE?

Your ICB Portfolio Administration Guide

This is your essential summary of studying your ICB topic!

Your ICB Administration Guide tells you exactly what to do throughout your ICB research study studies. It talks about methods to finish your PoE, and contains great deals of types you have to finish.

Overcome it step by step and follow all the instructions in it, and you’ll be on track for success!

ICB Tests and jobs

For each subject, the ICB sets 3 Assignments and 2 Tests that help you to assess your knowledge throughout your studies.

Distance learning students will find ICB Tests and Assignments in their PoE when it gets here.

Classroom-based students will get their ICB Projects in their Portfolios, and their ICB Tests will be provided by their lecturers throughout their research studies.

Response Books

You’ll likewise discover blank answer books in your PoE for you to compose the answers to your ICB Tests and Tasks in.

Why is my PoE so vital?

The ICB discovering experience is distinct– our scholastic group has actually created it to offer you the very best possible chance of finding out effectively and passing your subject the very first time.

However it’s not practically passing the test Our technique ensures you get a deep and extensive understanding of your course items.

So you don’t merely get a qualification– you gain skills that you can use in your job from day 1.

When do I hand in my PoE?

A few days prior to your last examination, go through the list in your ICB Portfolio Administration Guide and make certain you have actually done and consisted of everything. Make a copy of our whole PoE as a backup.

Take your ended up PoE to your last test. You’ll hand it there in.

Your Final test.

When you have actually finished composing your final test, you need to include the exam concern 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 examination day?

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

Missed your test?

If you did not attend your examination, and did not delay it in time, you’ll need to begin the subject over by returning to for the test and getting a new PoE.

Everything You Had to Know

Wondering how you ICB course will be graded? It’s simple. 30% of your final mark comes from the activities and evaluations you carry out throughout your course. Your Portfolio of Evidence (PoE) is a folder provided to you at the start of the course, as soon as you’ve signed up for an evaluation with the ICB. You’ll have to put any assignments provided to you as well as the tests you take in it. Your PoE is total when your last evaluation is contributed to it at the end of your course.

Your last assessment will count for the remaining 70%– this is your exam. You will need to include it in your PoE, which an ICB-registered assessor will then check to see if you really understand your stuff. You’ll have to get at least 50% for this test to pass, no matter your total mark.

This doesn’t mean that you can slack with your activities and examinations throughout your studies, as they totally prepare you for the last assessment, and also provide evidence of the effort you have actually.

What happens if I need to delay an evaluation?

Should you need to delay your ICB examinations then you will need to inspect the Evaluation Timetables to see when you need to submit posts ponement by and pay a postponement cost. There are cut-offs for these for each assessment cycle so make sure you ask for a postponement in time.

If you need to delay your evaluation due to the fact that you’re ill on the day, you can make an application for a free postponement (consist of a doctor’s certificate with your demand), which may be provided at the ICB’s discretion. Evaluation for topics can be delayed once only if we have actually received your post ponement charge in time.

Results

Results are launched about 7 weeks after your examination. See the ICB test timetables for results launch dates.

Distance learning trainees will be able to get their results on the Student Website, and they will also be emailed to you.

Register with an expert body

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

Exactly what I can do with my ICB qualifications

As well as making you attractive to employers and customers, your ICB qualifications can also lead you to these opportunities:

Study further with the ICB

Accredited, reliable and acknowledged qualifications

All ICB qualifications are signed up on the National Qualifications Structure (NQF) by the South African Qualifications Authority (SAQA). Our programs are valued by companies, and our graduates are identified locally and internationally by several professional bodies. ICB qualifications are modular, which means you can build on them as your studies or profession progress. You can likewise certify in another program just by completing a couple of more subjects. See the table on page 7 for more.

Discover a task

In association with CareerJunction, South Africa’s hugely popular job website, you can search and get monetary and admin positions at www.icb.org.za/careers

Study even more elsewhere with credit for your ICB credentials

The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Licensed Accounting professionals (ACCA) are appreciated, worldwide, accounting professional bodies – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB provides.

CIMA provides training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification 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 expert accounting professionals, with over 110 years of experience, innovation and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study further through ACCA. You will receive approximately 6 exemptions to advance your studies to ending up being a Chartered Licensed Accountant with ACCA.

Chartered Secretaries Southern Africa uses numerous professional qualifications in this specific field of business governance, and grants exemptions for certain ICB subjects.

Professional Membership Opportunities

As soon as you have actually finished your studies through the ICB, there are numerous local and global expert bodies that you can apply to for expert subscription.

The ICBA is the sis organisation of the ICB and grants membership … at a variety of levels based upon your credentials(s) and work experience. The ICBA recognises all the ICB’s present qualifications, as well as other relevant qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are likewise identified, as long as they have actually been assessed by SAQA.

If you wish to register as a tax practitioner, you’ll have to become a member of SAIT. SAIT recognises the ICB’s FET Certificate: Accounting, and the National Diploma: Technical Financial Accounting qualifications. Students who sign up with SAIT with the FET Certificate: Accounting qualification need to update this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has a number of other subscription criteria– please contact them for information.