The Institute of Certified Bookkeepers (ICB) offers Business Management courses designed to equip you with the skills needed to manage a business successfully. These courses are structured across different levels, allowing you to start with foundational knowledge and progress to advanced expertise. Understanding the ICB business management courses requirements and subjects covered is essential for prospective students.
ICB Business Management Course Requirements and Subjects
ICB Business Management courses are structured across different levels, each building upon the previous one. As you progress, you’ll delve deeper into various subjects essential for effective business management. These subjects are designed to provide a comprehensive understanding of the business environment, ensuring you’re well-prepared for real-world challenges.
What are the entry requirements for business management?
To enroll in the ICB Business Management courses, the following entry requirements apply:
- Small Business Financial Management Certificate: Grade 11 certificate or equivalent.
- Business Management: Office Administration Higher Certificate: Completion of the Small Business Financial Management Certificate, including the Business Management 1 subject.
- Business Management: Financial Accounting National Diploma: Completion of the Business Management: Office Administration Higher Certificate, including the Business Management 2 subject.
These structured pathways ensure that you build upon your knowledge as you progress through each level.
What is the minimum education required for business management?
The minimum educational requirement to start the ICB Business Management courses is a Grade 11 certificate or its equivalent. This allows you to enroll in the Small Business Financial Management Certificate course. As you advance, completion of the preceding course level is necessary to move to the next.
What qualifications are needed for business management?
Pursuing a career in business management through ICB involves obtaining the following qualifications:
- National Certificate: Small Business Financial Management: Awarded upon completing the introductory course.
- Higher Certificate: Office Administration: Granted after finishing the intermediate course.
- National Diploma: Financial Accounting (Business Management specialization): Achieved upon completing the advanced course.
Each qualification equips you with the skills and knowledge necessary to excel in various business management roles.
Does business management require accounting?
While a deep understanding of accounting isn’t mandatory, basic accounting knowledge is beneficial. The ICB Business Management courses include subjects like “Bookkeeping to Trial Balance” and “Financial Statements” to provide you with essential accounting skills. This ensures you can manage financial aspects of a business effectively.
What are the requirements for ICB courses?
The entry requirements for ICB courses vary depending on the specific program:
- Bookkeeping Courses: Grade 10 certificate and at least 16 years old.
- Accounting Courses: Successful completion of the ICB Bookkeeping course.
- Business Management Courses: Grade 11 certificate.
- Office Administration Courses: Grade 12 certificate.
These requirements ensure that students have the necessary background to succeed in their chosen courses.
Can I study ICB without Matric?
Yes, you can study certain ICB courses without a Matric certificate. For example, the Business Management course requires a minimum of a Grade 11 certificate. This opens opportunities for individuals who haven’t completed Matric to further their education and career prospects.
What matric subjects are needed for business management?
While specific subjects are not mandatory, having a background in the following can be beneficial:
- Mathematics: Helps with financial calculations and problem-solving.
- Business Studies: Provides an understanding of business operations.
- Accounting: Offers insight into financial record-keeping.
These subjects can provide a strong foundation for your business management studies, but they are not compulsory for enrollment.
Can you study business management without maths?
Yes, you can study business management without having studied Mathematics. The ICB Business Management courses are designed to be accessible, and while numerical skills are part of the curriculum, advanced mathematics isn’t a prerequisite.
Which subject is best for business management?
Several subjects are valuable for a career in business management:
- Business Management: Teaches planning, organizing, and running a business.
- Financial Accounting: Focuses on managing financial records and statements.
- Marketing Management and Public Relations: Covers promoting and maintaining a positive image of the business.
- Office and Legal Practice: Provides knowledge of administrative and legal aspects of business operations.
These subjects equip you with a well-rounded understanding of various facets of business management, preparing you for diverse roles in the business world.
Embarking on the ICB Business Management courses at Skills Academy offers a structured pathway to gaining the necessary qualifications and skills for a successful career in business management. With clear entry requirements and a comprehensive curriculum, you can confidently progress through each level, building upon your knowledge and expertise.
ICB Business Management Courses at Skills Academy
At Skills Academy, we offer a range of ICB Business Management courses designed to equip you with the skills needed to excel in the business world. Whether you’re aiming to start your own business or manage an existing one, our courses provide the knowledge and qualifications to help you succeed.
ICB Courses
The Institute of Certified Bookkeepers (ICB) offers structured Business Management courses through Skills Academy. These courses are divided into three levels:
- Small Business Financial Management Certificate: This introductory course covers the basics of managing a small business’s finances.
- Business Management: Higher Certificate: Building on the first level, this course delves deeper into business management principles and office administration.
- Business Management: Financial Accounting Diploma: This advanced course focuses on financial accounting within business management, preparing you for higher-level responsibilities.
Business Management Modules
Each level of the ICB Business Management program includes specific subjects designed to build your knowledge step by step. Here’s a breakdown:
Small Business Financial Management Certificate:
- Business Management 1
- Bookkeeping to Trial Balance
- Business Literacy
Business Management: Higher Certificate:
- Office and Legal Practice
- Business Management 2
- Marketing Management and Public Relations
- Financial Statements
- Human Resources Management and Labour Relations
Business Management: Financial Accounting Diploma:
- Business Management 3
- Financial Management and Control
- Financial Reporting and Regulatory Frameworks
- Research Theory and Practice (By short dissertation; topic: Business Management)
How many modules are in business management?
The ICB Business Management program consists of a total of 12 subjects spread across the three levels. Here’s a summary:
| Course Level | Number of Subjects |
|---|---|
| Small Business Financial Management Certificate | 3 |
| Business Management: Higher Certificate | 5 |
| Business Management: Financial Accounting Diploma | 4 |
| Total Subjects | 12 |
What is the hardest subject in business management?
The difficulty of subjects can vary based on individual strengths and interests. However, many students find “Financial Management and Control” challenging due to its in-depth focus on financial analysis and decision-making. This subject requires a solid understanding of financial principles and their application in real-world scenarios.
How long is a business management course?
The duration of each ICB Business Management course at Skills Academy is as follows:
- Small Business Financial Management Certificate: Approximately 12 months
- Business Management: Higher Certificate: Approximately 27 months
- Business Management: Financial Accounting Diploma: Approximately 36 months
The total duration to complete all three levels is about 75 months. However, this can vary based on individual study pace and commitment.
Which course is best in business management?
The “best” course depends on your career goals and current qualifications. Here’s a quick guide to help you choose:
- Small Business Financial Management Certificate: Ideal for those starting out or aiming to manage a small business.
- Business Management: Higher Certificate: Suitable for individuals seeking to deepen their understanding of business operations and administration.
- Business Management: Financial Accounting Diploma: Perfect for those aiming for advanced roles in business management with a focus on financial accounting.
Assess your career objectives to determine which course aligns best with your aspirations.
Embarking on an ICB Business Management course at Skills Academy can open doors to numerous opportunities in the business world. With structured learning and recognized qualifications, you’re well on your way to achieving your career goals.
ICB Qualifications and Accreditation
Skills Academy offers accredited business management courses designed to equip students with essential skills for the business world.
These courses are recognized both locally and internationally, ensuring that your qualifications are valued by employers. Studying through an accredited provider like Skills Academy guarantees that you receive quality education that meets industry standards.
What qualification is ICB?
ICB qualifications are structured to provide students with practical knowledge and skills in business management. The progression of qualifications includes:
- National Certificate: This is the entry-level qualification, introducing basic business concepts.
- Higher Certificate: Builds upon the foundational knowledge, delving deeper into business practices.
- National Diploma: An advanced qualification focusing on comprehensive business management and financial accounting.
Each level prepares you for the next, ensuring a thorough understanding of business management principles.
Is an ICB a diploma?
Yes, the ICB offers a National Diploma in Business Management. This diploma is achieved after successfully completing the required courses and assessments. The diploma signifies a high level of expertise in business management and financial accounting, making graduates well-equipped for various roles in the business sector.
Is ICB a good qualification?
Absolutely! ICB qualifications are well-regarded in the business community. They are accredited by the Quality Council for Trades and Occupations (QCTO) and recognized by the South African Qualifications Authority (SAQA).
This means that an ICB qualification meets high educational standards and is valued by employers. Additionally, the practical skills and knowledge gained from these courses make graduates desirable candidates in the job market.
What is ICB level?
ICB levels correspond to the National Qualifications Framework (NQF) levels in South Africa. The progression is as follows:
- National Certificate: NQF Level 4
- Higher Certificate: NQF Level 5
- National Diploma: NQF Level 6
Each level indicates the depth of knowledge and complexity of skills acquired, with higher levels representing more advanced competencies.
Is ICB SAQA accredited?
Yes, ICB qualifications are accredited by the South African Qualifications Authority (SAQA). This accreditation ensures that the courses meet national education standards and that the qualifications are recognized across South Africa. Studying an ICB course through an accredited institution like Skills Academy guarantees that your qualification is both credible and respected.
How can I get an ICB certificate?
To obtain an ICB certificate, follow these steps:
- Enroll in an ICB-accredited course: Choose a reputable institution like Skills Academy that offers the ICB Business Management program.
- Meet the entry requirements: For the National Certificate in Small Business Financial Management, you need a Grade 11 certificate and a good understanding of English.
- Complete the coursework: Engage with the study material, complete assignments, and participate in any required practical activities.
- Pass the assessments: Successfully complete all exams and assessments as outlined in your course.
- Receive your certificate: Upon successful completion, you’ll be awarded an ICB certificate, signifying your achievement and qualification in business management.
Embarking on this educational journey with Skills Academy will provide you with the support and resources needed to succeed in your studies and future career.
ICB Course Fees and Exam Policies
Understanding the financial commitment and examination procedures is crucial for prospective students. Below is an overview of the associated fees and key exam policies.
ICB Course Fees
The ICB has outlined specific fees related to registration and examinations. Here’s a breakdown:
- Annual Student Registration Fee: R470
- Assessment Fee for Digital Portfolio of Evidence (PoE): R850 per subject
- Assessment Postponement Fee per Subject: R350
- Assessment Late Entry Fee per Subject: R560
- Assessment Re-mark and Examiner’s Report per Subject: R1,200
- Private Invigilator Admin Fee: R2,100
- Printed ICB Programme Certificate: R400
- FASSET Certificate Reprint: R400
- Workplace PoE Assessments (Learnership): R1,500
- Recognition of Prior Learning (RPL)/Exemption Application Fee: R550
- RPL/Exemption Fee per Subject (No PoE Required): R450
- RPL PoE Fee per Subject (PoE to be Completed): R995
These fees are subject to change, so it’s advisable to consult the official ICB website or authorized training providers for the most current information.
Frequently Asked Questions
To successfully pass an ICB subject, students are required to achieve a minimum of 60%. This ensures that learners have a solid grasp of the course material and are well-prepared for practical application in the business environment.
If a student does not pass an ICB exam, there are options available:
- Re-assessment: Students can apply for a re-mark of their exam if they believe there may have been an error in grading.
- Rewriting the Exam: Learners have the opportunity to retake the exam during the next scheduled assessment period.
It’s important to note that additional fees may apply for re-assessments and rewrites. Planning and thorough preparation can help in avoiding the need for these additional assessments
Salaries for business management professionals in South Africa vary based on experience, location, and industry. According to recent data, the average salary for a business manager is R4,252 per month. However, this can differ across cities. Here’s a breakdown:
| City | Average Monthly Salary (ZAR) |
|---|---|
| Cape Town, Western Cape | R38,664 |
| Johannesburg, Gauteng | R33,607 |
| Pretoria, Gauteng | R32,383 |
| Gauteng, Gauteng | R25,888 |
| Potchefstroom, North West | R25,580 |
| Bloemfontein, Free State | R22,019 |
| Durban, KwaZulu-Natal | R16,432 |
| Midrand, Gauteng | R8,442 |
| Eastern Cape, Eastern Cape | R4,224 |
These figures are based on 38 salary reports and were last updated on 14 February 2025.
Business Management courses are typically offered under the Faculty of Business or Commerce. These faculties focus on subjects related to business operations, finance, marketing, and management. At Skills Academy, Business Management courses are designed to provide practical knowledge and skills relevant to the business world.
While both fields deal with business operations, they focus on different aspects:
- Business Management: Centers on planning, organizing, leading, and controlling business activities. Professionals in this field work on strategies to improve overall business performance.
- Business Accounting: Focuses on recording, analyzing, and reporting financial transactions. Accountants ensure that financial records are accurate and that taxes are paid properly and on time.
In essence, Business Management is about overseeing and making decisions for the business as a whole, while Business Accounting is about managing the financial health of the business.
ICB (Institute of Certified Bookkeepers) and CIMA (Chartered Institute of Management Accountants) both offer qualifications in finance, accounting, and business management. However, they serve different career paths and have distinct focuses:
- ICB (Institute of Certified Bookkeepers):
- Focuses on vocational, practical training in bookkeeping, financial accounting, and business management.
- Ideal for students looking for accessible and work-ready qualifications.
- Courses range from short courses to comprehensive certificates, higher certificates, and diplomas.
- Suitable for those seeking to start or advance their careers in bookkeeping, office administration, and small business management.
- Recognized by Skills Academy and other training providers.
- CIMA (Chartered Institute of Management Accountants):
- Specializes in management accounting and strategic business leadership.
- Designed for professionals who want to work in financial management and business strategy.
- Requires passing multiple levels of exams and accumulating work experience to become a Chartered Global Management Accountant (CGMA).
- More theory-based, focusing on higher-level corporate finance and business decision-making.
In short, ICB qualifications are more practical and focused on bookkeeping, small business finance, and business management, while CIMA qualifications are geared toward corporate financial strategy and management accounting.
If you want to run a business or work in bookkeeping and financial administration, ICB is a great choice. If you want to specialize in high-level corporate finance, CIMA may be more suitable.
Author: Marcelle de Klerk
