The Institute of Certified Bookkeepers (ICB) offers a range of courses in fields like bookkeeping, accounting, office administration, and business management. These courses lead to various qualifications, including certificates and diplomas. Therefore, an ICB qualification can indeed be a diploma, depending on the level of the course completed.
Understanding ICB and Its Qualifications
ICB qualifications are structured to provide students with progressive learning paths. Starting from foundational certificates, learners can advance to higher certificates and diplomas, gaining deeper knowledge and skills at each level. This approach ensures that students are well-prepared for various roles in the business and finance sectors.
What qualification is ICB?
ICB offers several qualifications, each aligned with specific levels on the National Qualifications Framework (NQF) in South Africa. These qualifications are designed to cater to different career paths and educational needs.
Here is a list of ICB qualifications and their corresponding NQF levels:
| Qualification | NQF Level |
|---|---|
| National Certificate in Bookkeeping | Level 3 |
| FET Certificate in Bookkeeping | Level 4 |
| National Certificate in Small Business Financial Management | Level 4 |
| Higher Certificate in Office Administration | Level 5 |
| National Diploma in Technical Financial Accounting | Level 5 |
| National Diploma in Financial Accounting | Level 6 |
These qualifications are designed to equip students with the necessary skills and knowledge to excel in their chosen fields.
Is an ICB a diploma in South Africa?
Yes, ICB offers diploma qualifications in South Africa. The highest qualification in the ICB Financial Accounting Programme is the National Diploma in Financial Accounting, which is at NQF Level 6. This diploma signifies advanced knowledge and skills in financial accounting, preparing graduates for senior roles in the industry.
Is ICB a good qualification?
ICB qualifications are well-regarded in the business and finance sectors. They provide practical skills and knowledge that are directly applicable to the workplace.
Many employers recognize and value these qualifications, making them beneficial for career advancement. Additionally, ICB’s structured learning paths allow students to progress from entry-level certificates to advanced diplomas, ensuring continuous development.
Is ICB SAQA accredited?
ICB qualifications are registered on the South African National Qualifications Framework (NQF) and were accredited by the South African Qualifications Authority (SAQA). However, as of June 30, 2024, the registration of new students for these legacy qualifications has ceased.
Students who registered before this date have until 2027 to complete their studies. ICB has since transitioned to offering internationally endorsed qualifications through the International Qualifications Board (IQB). These new qualifications align with global standards, ensuring that learners receive up-to-date and relevant education.
Is ICB Recognised in South Africa?
ICB qualifications have been recognized in South Africa for their quality and relevance in the business and finance sectors. The legacy NQF qualifications are acknowledged by employers and industry professionals.
With the shift to IQB-endorsed qualifications, ICB continues to maintain its reputation by offering programs that meet both local and international standards. This ensures that graduates are well-prepared for the demands of the workplace.
Is ICB internationally recognised?
Yes, ICB’s transition to offering IQB-endorsed qualifications means that their programs now have international recognition. This endorsement ensures that the qualifications meet global standards, allowing graduates to pursue career opportunities both within South Africa and abroad. The international recognition enhances the value of ICB qualifications, making them a solid choice for those seeking a career in business and finance.
What NQF level is ICB?
ICB’s legacy qualifications were aligned with various NQF levels, ranging from Level 3 to Level 6. For instance, the National Certificate in Bookkeeping was at NQF Level 3, while the National Diploma in Financial Accounting was at NQF Level 6. With the introduction of IQB-endorsed qualifications, the traditional NQF level classifications have evolved.
However, these new qualifications are designed to provide comprehensive knowledge and skills comparable to the previous NQF-aligned programs, ensuring that learners receive quality education that meets industry standards.
ICB Courses and Study Requirements
ICB courses are designed to equip students with practical skills and knowledge for the business world. They are structured across different levels, allowing learners to progress from foundational certificates to advanced diplomas.
Where can I study an ICB course?
Skills Academy is an accredited institution where you can enroll in ICB courses. They offer flexible distance learning options, enabling you to study from the comfort of your home. With comprehensive support and quality study materials, Skills Academy ensures a conducive learning experience.
ICB courses
ICB offers a variety of courses across several programmes. Here are some of the key courses available:
Financial Accounting Programme:
- Junior Bookkeeper: National Certificate
- Senior Bookkeeper: FET Certificate
- Technical Financial Accountant: National Diploma
- Certified Financial Accountant: National Diploma
Office Administration Programme:
- Office Administrator: National Certificate
- Office Manager: Higher Certificate
- Certified Office Manager: National Diploma
Business Management Programme:
- Small Business Financial Manager: National Certificate
- Business Manager: Higher Certificate
- Certified Business Manager: National Diploma
Each programme is designed to build upon the previous level, allowing students to advance their careers progressively.
What are the requirements for ICB courses?
The entry requirements for ICB courses vary depending on the level of the course. Here’s a general overview:
- National Certificate (Foundation Level): Completion of Grade 10 or equivalent.
- Higher Certificate (Intermediate Level): Completion of the relevant National Certificate.
- National Diploma (Advanced Level): Completion of the relevant Higher Certificate.
These structured pathways ensure that students build a solid foundation before advancing to more complex topics.
Can I study ICB without matric?
Yes, you can study certain ICB courses without a matric certificate. For example, the National Certificate in Bookkeeping requires only a Grade 10 completion. This accessibility allows individuals without matric to gain valuable qualifications and enhance their career prospects.
ICB course fees
The fees for ICB courses can vary based on the institution and the specific course. At Skills Academy, the fee structure is designed to be affordable, with flexible payment options to accommodate different financial situations. For detailed information on the current fee structure, it’s advisable to contact us directly.
ICB Exams and Accreditation
ICB qualifications are recognized both nationally and internationally, ensuring that your certification holds value in the job market. The assessment process is designed to test your understanding and application of the course material effectively.
What is the ICB pass mark?
To pass an ICB course, you need to achieve an overall mark of at least 60%. This includes:
- Portfolio of Evidence (PoE): 30% of your final mark.
- Final Exam: 70% of your final mark, with a minimum of 50% required in the exam itself.
This balanced assessment ensures that students are evaluated on both continuous coursework and final examination performance.
What happens if you fail an ICB exam?
If you do not pass an ICB exam, you have the option to:
- Rewrite the Exam: You can register to retake the exam. If it’s within the same calendar year, you don’t need to redo your Portfolio of Evidence (PoE).
- Re-mark Request: If you believe there was an error in grading, you can request a re-mark of your exam paper.
These options provide students with opportunities to achieve the required competency levels.
How long is the ICB course?
The duration of ICB courses varies depending on the specific programme and the student’s pace of study. Here’s a general guideline:
- National Certificate: Approximately 6 to 12 months.
- Higher Certificate: Approximately 12 to 18 months.
- National Diploma: Approximately 18 to 36 months.
These timeframes are estimates, and actual durations may vary based on individual progress and study commitments.
Embarking on an ICB course can significantly enhance your career prospects in the fields of bookkeeping, accounting, office administration, and business management. With recognized qualifications and flexible study options, it’s an excellent pathway for professional development.
ICB Diplomas and Academic Levels
ICB diplomas are structured to provide comprehensive knowledge and skills in specific areas. The courses are divided into different levels, each building upon the previous one.
As students progress, they achieve higher qualifications, culminating in a diploma. These diplomas are registered at Level 6 on the National Qualifications Framework (NQF), indicating a high standard of learning and competence.
How can I get an ICB diploma?
To obtain an ICB diploma, follow these steps:
- Choose a Programme: Select the field you’re interested in, such as Accounting, Business Management, or Office Administration.
- Enroll in a Course: Sign up for the chosen course through an accredited institution like Skills Academy.
- Complete All Levels: Progress through the course levels, starting from the foundational certificate up to the diploma level.
- Pass Assessments: Successfully complete all assignments and exams for each level.
- Receive Your Diploma: After passing all required levels, you’ll be awarded an ICB diploma, showcasing your expertise.
Can I get a diploma without matric?
Yes, you can obtain an ICB diploma without a matric certificate. ICB courses are designed to be accessible, with many programs requiring only a Grade 10 completion.
This approach allows individuals without matric to pursue further education and achieve a recognized qualification. For instance, the National Certificate in Bookkeeping serves as a bridging course, enabling students to advance to diploma levels without needing matric.
Is there a diploma in bookkeeping?
Yes, there is a diploma in bookkeeping offered by the ICB. The program is structured as follows:
- Junior Bookkeeper: National Certificate
- Senior Bookkeeper: FET Certificate
- Technical Financial Accountant: National Diploma
Upon completing these levels, students earn the National Diploma: Technical Financial Accounting, equipping them with advanced bookkeeping and accounting skills.
What level is a diploma?
In South Africa, diplomas are registered at Level 6 on the National Qualifications Framework (NQF). This indicates a qualification that provides a thorough understanding of a specific field, preparing individuals for professional practice. ICB diplomas align with this standard, ensuring that graduates possess the necessary skills and knowledge for their chosen careers.
How many points is a diploma?
The NQF uses levels to classify qualifications rather than a point system. An ICB diploma is positioned at NQF Level 6, reflecting its depth and complexity. This level signifies a high degree of theoretical and practical knowledge, enabling graduates to operate effectively in their professional roles.
How long is a diploma?
The duration to complete an ICB diploma varies based on the specific course and the student’s pace. Generally, it takes about 36 months to progress from the foundational level to the diploma level. However, this timeframe can differ depending on the individual’s commitment and the specific requirements of the chosen program.
Frequently Asked Questions
ICB and CIMA are both professional bodies offering courses in accounting and finance, but they have some differences:
| Aspect | ICB | CIMA |
|---|---|---|
| Full Name | Institute of Certified Bookkeepers | Chartered Institute of Management Accountants |
| Focus | Bookkeeping and financial accounting | Management accounting |
| Qualifications Offered | Certificates and diplomas up to NQF Level 6 | Professional qualifications leading to Chartered Global Management Accountant (CGMA) designation |
| Recognition | Recognized in South Africa | International recognition |
ICB focuses on bookkeeping and financial accounting, offering qualifications up to a National Diploma at NQF Level 6. CIMA, on the other hand, specializes in management accounting and offers internationally recognized professional qualifications.
ICB stands for the Institute of Certified Bookkeepers. It’s a professional body that provides accredited business qualifications in South Africa.
A bridging course helps students gain the necessary knowledge and skills to enter a new field of study or advance to a higher level of education. For example, if you want to pursue an ICB qualification but don’t meet the entry requirements, a bridging course can help you prepare for the program.
To become a qualified bookkeeper in South Africa, you can follow these steps:
- Enroll in an Accredited Course: Sign up for a bookkeeping course with an accredited institution like Skills Academy.
- Complete the Course: Study and pass all the required subjects in the course.
- Gain Practical Experience: Work in a bookkeeping role to apply what you’ve learned.
- Register with a Professional Body: Join a recognized professional body for bookkeepers to enhance your credibility.
Skills Academy offers various bookkeeping courses to help you start your career.
While both bookkeepers and accountants work with financial information, their roles are different:
| Role | Responsibilities |
|---|---|
| Bookkeeper | Recording daily financial transactions, maintaining ledgers, and ensuring accuracy in financial records. |
| Accountant | Analyzing financial data, preparing financial statements, providing tax advice, and assisting in strategic planning. |
In simple terms, bookkeepers handle the day-to-day recording of financial data, while accountants interpret and analyze that data to provide insights and advice.
Author: Marcelle de Klerk
