Business Management Career options

 

 

Need to know what business careers options you can enter after studying?

 

All services need certified people in management.

 

The following kinds of businesses are general career options you can get into:

 

– Production services

– Service companies

– Retailers.

– Logistics and Supply Chain Supervisor Banks.

– Own business.

– Business Analyst.

– Operations Supervisor General Supervisor.

– Compliance Officer.

– Management Expert.

– Human resources officer.

– Marketing executive.

– Sales executive.

– Systems analyst.

 

Why Study for a Business Management career?

 

People who study business courses are given the chance to learn more about managing businesses of various sizes. They likewise discover the relationships between businesses and the communities that they serve. Studying a business management course may assist you on your way to becoming a leader in business environment. The ICB offers a totally recognized business management course programme.

 

The Institute of Certified Bookkeepers

 

The Institute of Certified Bookkeepers is a Professional Body that has actually existed since 1931. In South Africa the functions of professional bodies use to integrate both Professional Membership along with Education and Training. However, scholastic policies and laws in 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 instructional body continues under the name Institute of Certified Bookkeepers.

The (new) ICB, that is the body entirely handling Academics, is an acknowledged Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Financing, Accounting, Management Consulting and other Financial Services).

This suggests that the ICB is authorized by FASSET to acknowledge training companies. Function as the evaluation (exams) body for the ICB courses, used by training companies accredited by them.

 

Presently the QCTO (the Quality Council for Trades and Occupations) is in the process of handling the responsibility for all SETAs. That suggests that FASSET “falls under” the QCTO. This might have some effect on the details of the accreditation procedure 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 quickly under authority of the QCTO), is responsible for the quality assurance and assessments (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 categories on the National Qualifications Framework (NQF).

Usually a student would study ICB qualifications, and on the strength of their qualifications, in addition to working experience, and staying with a professional standard operating procedure, have the capability 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 Trainee Subscription of the ICBA.

 

What are the benefits of studying for a business management career?

 

Management involves a broad capability that can benefit you in any working environment.

 

Here are some of the advantages of studying business management:

 

– You will gain a good grasp of the truths of business world.

– You will learn more about the Importance of teamwork.

– You will find out the best ways to handle individuals.

– You will discover entrepreneurship.

– You will be able to combine your business management knowledge and skills with a range of other skills in order to pursue different career paths.

– You will discover different aspects of running your very own business.

– You will get a much better understanding of what to get out of employees.

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

– You will learn the best ways to communicate better on a professional level.

 

Find out the best ways to make a business prosper!

 

 

This program hits the spot if you have ambitions of managing a business and its finances.

Good business management is vitally important for a business’s industrial success. In this ICB programme, you’ll discover business and financial management finest practices, office and legal practice, human resource management, computer system literacy, international business method and research methods in commerce.

 

Your first credentials in just 3 subjects

 

You can attain the ICB Business Management: Foundation Level after finishing simply 3 topics (and achieve the National Certificate: Small Business Financial Management). Continue your studies to progress 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, total credits: 120).

 

Period.

9 months.

 

Entry requirements.

Grade 11 (Std 9) or comparable.

 

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 Researcher, Junior Expert, Sales Assistant.

 

Exactly what I’ll be able to do

 

Demonstrate an understanding of the documents, processing and recording of a business’s financial transactions. Interact effectively with business stakeholders. Show that you know what it means to be a basic manager. Cost and rate items and manage working capital. Run a personal 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 (should 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 Supervisor, Labour Relations Manager, Field/Floor/Store/ Department Manager, Customer Service Manager.

 

Exactly what I’ll have the ability to do

 

Handle your diary and work schedule as a manager. Operate effectively as a general office supervisor of a business. Apply marketing, law, PR, and economics concepts in business. Draw up and interpret financial statements and reports. Work efficiently with the HR and labour relations departments. Use business development concepts for regional and international 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 include the Business Management 2 subject).

 

Subjects

 

  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 argumentation, topic: Business Management) (RTAP).

 

What my title can be

 

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

 

What I’ll be able to do

 

Work with management information systems at a business level. Prepare a business for internal/external audit. Apply principles of tactical intent and tactical thinking in an international business environment. Apply supervisory finance and control concepts in a business environment. Draw up and interpret financial statements and reports in accordance with IFRS.

 

 

Test Dates and Venues

 

Class trainees: Most of the colleges hold exams on-site monthly, so inspect exactly what your college’s schedule is.

 

Distance learning trainees can get in the ICB tests in February, May, July, September and November. Tests take place at the ICB approved assessment centres around southern Africa.

Pay your ICB registration and evaluations charges as early as possible, so we can send you your PoE ASAP. Your PoE is an unbelievable tool to help you study. Do not leave it to the eleventh hour or you’ll actually be disadvantaging yourself!

 

Go into for an ICB exam

 

Class trainees will do this through their colleges.

 

Distance learning students will enter upon the ICB Student Portal online.

Select your qualifications initially. Then choose he topics, exam dates and locations for your examinations, and send your test entry together with the needed cost. All trainees will get an e-mail confirming their examination entries.

 

How does ICB examination work?

 

When you sign up to study an ICB course, you’ll also have to sign up to be taken a look at for it. This is so that they can figure out at the end of it whether you know and understand the course material all right to pass. Each ICB program is designed to have specific outcomes. These outcomes are things that you will have the ability to do and understand as a result of your studies. This is the most essential part of the ICB evaluation policy.

 

Each result needs a certain amount of time for you to attain 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 knowing hours are considered to be the time taken by the average trainee to accomplish the defined learning outcomes.

 

What happens if I fail my ICB exam?

 

Don’t stress if you do not pass first time, you can get a second chance, With an ICB Re-Assesment If you are evaluated as ‘not yet proficient’ in a topic (you did not pass it), you will have an opportunity to write one re-assessment, which is only a summative final exam with a pass mark of 60% (no PoE required– the exam counts completely to your grade).

You must finish the re-assessment within 12 months of your original summative assessment date. We do suggest you compose your re-assessments as soon as you can, as subject content does alter. If you miss your re-assessment, or you are ‘not yet proficient’ in it, you cannot renovate it. You will need to return to for the subject and begin 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 exam entry for a specific subject.

 

How many Portfolios will I get?

 

You’ll get one PoE per subject per exam. Each PoE is personalized to that specific topic.

 

Distance learning students will get their Portfolios straight.

 

What must I do when I get my PoE?

 

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

 

Go through the whole PoE and fill in details where you are asked to.

 

What’s inside my PoE?

 

Your ICB Portfolio Administration Guide

 

This is your essential introduction of studying your ICB subject!

 

Your ICB Administration Guide tells you exactly what to do throughout your ICB research

studies. It discusses methods to finish your PoE, and includes lots of types you need to complete.

 

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

 

ICB Tests and tasks

 

For each subject, the ICB sets 3 Projects and 2 Tests that assist you to examine your knowledge during your studies.

 

Distance learning students will discover ICB Tests and Projects in their PoE when it gets

here.

 

Classroom-based trainees will get their ICB Projects in their Portfolios, and their ICB Tests will be offered by their speakers during their research studies.

 

Response Books

 

You’ll likewise find blank response 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 unique– our scholastic group has produced it to use you the very best possible chance of learning effectively and passing your subject the very first time.

 

However it’s not practically passing the test Our method guarantees you get a deep and substantial understanding of your course products.

 

So you don’t simply get a certification– you acquire skills that you can make use of 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 really 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 Last test

 

When you have completed composing your final exam, you should include the exam question 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 handed it in.

 

Sick on exam day?

 

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

 

Missed your exam?

 

If you did not attend your exam, and did not delay it in time, you’ll need to start the subject over by re-entering for the exam and getting a new PoE.

 

Everything You Need To Know.

 

Wondering how you ICB course will be graded? It’s easy. 30% of your last mark originates from the activities and evaluations you carry out during your course. Your Portfolio of Evidence (PoE) is a folder given to you at the start of the course, as soon as you’ve signed up for an assessment with the ICB. You’ll need to put any tasks offered to you along with the tests you take in it. Your PoE is complete when your final assessment is added to it at the end of your course.

 

Your last assessment will count for the staying 70%– this is your exam. You will need to include it in your PoE, which an ICB-registered assessor will then inspect to see if you really understand your things. You’ll need to get at least 50% for this exam to pass, regardless of your overall mark.

 

This doesn’t indicate that you can slack with your activities and evaluations during your studies, as they totally prepare you for the last assessment, as well as offer evidence of the effort you’ve.

 

Exactly what takes place if I need to postpone an evaluation?

 

Ought to you have to delay your ICB exams then you will have to check the Evaluation Timetables to see when you need to submit posts ponement by and pay a post ponement fee. There are cut-offs for these for each evaluation cycle so make certain you request a post ponement in time.

 

If you need to delay your evaluation because you’re ill on the day, you can apply for a complimentary post ponement (consist of a physician’s certificate with your request), which may be released at the ICB’s discretion. Assessment for subjects can be held off once only if we have gotten your postponement cost in time.

 

Outcomes

 

Outcomes are released about 7 weeks after your examination. See the ICB exam timetables for results release dates.

 

Distance learning students will have the ability to get their outcomes on the Student Website, and they will likewise be emailed to you.

 

Register with a professional body.

 

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

 

Exactly what I can do with my ICB qualifications

 

As well as making you appealing to employers and customers, your ICB qualifications can likewise lead you to these opportunities:.

 

Study even more with the ICB.

 

Accredited, trustworthy and acknowledged qualifications.

 

All ICB qualifications are registered on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programs are valued by employers, and our graduates are acknowledged in your area and internationally by several professional bodies. ICB qualifications are modular, which suggests you can build on them as your studies or career progress. You can likewise qualify in another programme just by completing a few more topics. See the table on page 7 for more.

 

Discover a task

 

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

 

Study even more somewhere else with credit for your ICB qualification.

The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are respected, international, accounting professional bodies – headquartered 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 qualification can apply to CIMA for up to 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 accountants, with over 110 years of experience, innovation and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 qualification can study further through ACCA. You will get as much as 6 exemptions to enhance your studies to ending up being a Chartered Certified Accountant with ACCA.

 

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

 

Professional Membership Opportunities

 

When you’ve finished your studies through the ICB, there are a number of regional and international professional bodies that you can apply to for professional membership.

The ICBA is the sister organisation of the ICB and grants membership … at a variety of levels based on your credentials( s) and work experience. The ICBA acknowledges all the ICB’s present qualifications, as well as other pertinent qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are also recognised, as long as they have actually been evaluated by SAQA.

 

If you want to register as a tax professional, you’ll need to end up being a member of SAIT. SAIT identifies the ICB’s FET Certificate: Bookkeeping, and the National Diploma: Technical Financial Accounting qualifications. Students who register 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 requirements– please call them for details.

Business Management

 

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Last Updated : July 26 2017

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