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Institute of Certified Bookkeepers (ICB)
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ICB FINANCIAL ACCOUNTING

Every business needs someone to manage their books

Want to be able to offer indispensable bookkeeping and financial accounting skills, or become an accountant someday? Then why not study an accounting course?

The ICB Financial Accounting course will equip you with knowledge and practical skills in bookkeeping; financial accounting; income tax; financial management; reporting standards; corporate strateg;, management accounting and research.

You can get your first Financial Accounting qualification after 4 subjects!

There are 12 subjects which build on each other. You will be able to get the ICB Financial Accounting: Foundation Level of this programme (and achieve the National Certificate: Bookkeeping) after successfully passing just four subjects.

This Financial Accountant Course is for anybody. When you keep studying and you’ll progress through the Intermediate levels to the final and most Advanced Level.

Did you know you can join a professional body and get a designation?

Professional Bodies award designations for people who hold recognised, registered qualifications with relevant work experience. Still studying? No Problem! Click here for more information on professional bodies.

Financial Accountant Course Prospectus

BOOKKEEPERSENIOR BOOKKEEPERACCOUNTING TECHNICIANFINANCIAL ACCOUNTANTFINANCIAL DEGREE
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National Certificate: Bookkeeping

NQF L3 (SAQA ID: 58375)

Total Credits: 120

Duration

12 months

Entry Requirements

Grade 10 (Std 8) or equivalent.

No prior accounting knowledge needed. You must be at least 16 years old.

Subjects

1 Bookkeeping to Trial Balance (BKTB)

2 Payroll and Monthly SARS Returns (PMSR)

3 Computerised Bookkeeping (CPBK)

4 Business Literacy (BUSL)

What will I learn to do?

Monthly bookkeeping to trial balance (manual and computerised); disclose profit and financial position; reconcile suppliers, inventory and bank statements; calculate PAYE/ UIF/SDL; payroll tax and other deductions; EMP201, EMP501, IRP5, IRP6 and IT3a documents and VAT returns.

What can my job title be?

Junior Bookkeeper, Accounts Clerk, Reconciliation Clerk, Payroll Clerk, Accounts Payable/Receivable Clerk

Further Education And Training Certificate: Bookkeeping

NQF L4 (SAQA ID:58376)

Total Credits: 130

Duration

6 months

Entry Requirements

Successful completion of the previous learning areas (1-4) – i.e. hold the National Certificate: Bookkeeping.

Subjects

5 Financial Statements (FNST)

6 Cost and Management Accounting (CMGT)

What will I learn to do?

With this qualification under your belt you will be able to do the following: monthly bookkeeping; asset disposal; year-end adjustments; International Financial Reporting Standards for SMMEs; branch accounts; incomplete records; analysis of financial statements; understand cash flow; basic cost and management accounts; prepare manufacturing accounts; costing and budgeting.

What can my job title be?

Senior Bookkeeper; Junior Accountant; Assistant Accountant; Financial Services Officer; Credit Controller; Business Analyst.

National Diploma: Technical Financial Accounting

NQF L5 (SAQA ID 36213)
TOTAL CREDITS: 251

Duration

6 months

Entry Requirements

Successful completion of the previous learning areas (1-6) – i.e. hold the Further Education and Training Certificate: Bookkeeping.

Subjects

7 Income Tax Returns (ITRT)

8 Business Law and Accounting Control (BLAC)

What will I learn to do?

With this qualification you will be able to complete a full set of accounts for a financial year; support management in finance and accounting; become a SAIT tax practitioner (once you meet their requirements); know the ins and outs of accounting, taxation (individuals and companies), auditing and business law.

What can my job title be?

Technical Financial Accountant; Financial Manager; Financial Services Manager; Accounting Technician; Tax Technician.

National Diploma: Financial Accounting

NQF L6 (SAQA ID 20366)
TOTAL CREDITS: 280

Duration

12 months

Entry Requirements

Successful completion of the previous learning areas (1-8) – i.e. hold the National Diploma: Technical Financial Accounting NQF L5, or equivalent.

Subjects

9 Corporate Strategy (CRPS)

10Management Accounting Control Systems (MACS)

11Financial Reporting and Regulatory Frameworks (FRRF)

12Research Theory and Practice (by short dissertation; topic: Financial Accounting) (RTAP)

What will I learn to do?

You will be able to compile annual financial statements; register with SAIBA as an Accounting Officer (once you meet their requirements); work with Chartered Accountants and Auditors; have a thorough knowledge of accounting theory and practice, corporate strategy and International Financial Reporting Standards.

What can my job title be?

Financial Accountant; Accounting Officer (via SAIBA, if you meet their criteria); Tax Practitioner; Tax Consultant; Management Accountant; Assistant Manager.

Bachelor of Accounting

That’s Right. We have been working hard to secure a way for ICB students to progress further after completing their National Diploma Financial Accounting (NDFA), NQF Level 6

Past, current and future ICB students can now study further and obtain a degree through our articulation programmes (progression to Higher Education).

This has been made available by various Institutions, which you can find here.

Do not worry if you are currently studying through a College not listed, as you can complete your current studies with them and transfer at the appropriate time to one of the listed Institutions, should your College’s progression path not be available as yet.

Find out More on Advancing to a Degree

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Your Questions Answered

How do I do the Financial Accounting course?

The ICB offers super flexible study options to fit around your life:

  • In a classroom, via distance learning, full time or part time?  It’s up to you!
  • Just finished school and can’t wait for campus life?
  • A working mom with lots of ambition, but very little time?
  • On a mission to study intensively and qualify in just 6 months?
  • Or maybe you have a longer-term plan to study on the side while working full time?

Whatever your situation, there will be an ICB study route that works for you.

Where can I do the Financial Accounting course?

Over 500 providers to choose from!

ICB courses are available at hundreds of accredited training providers in Southern Africa. Our providers offer classroom or distance learning – or both.
Find your College here.

How will I be assessed?

Our unique study methodology has been designed to give you the best chance at succeeding.

You’ll get a Portfolio of Evidence which includes 3 assignments and 2 tests and you will write a final exam.  Your College will also provide you with college tuition, textbooks, workbooks and study support.

Do I get credits for work experience or other studies?

If you are already working, or have completed some courses in the past, there are some options for you regarding recognition of prior learning, and learnerships.

To be considered for Recognition of Prior Learning (RPL) and get credit towards an ICB qualification, your previous qualifications or part-qualifications must be registered on the NQF and should have been attained within the last five years.

How much does it cost

Only distance learning and independent students pay fees directly to us as the ICB.

Classroom-based students will be billed by their colleges.

In order to receive your PoE or be entered for exams, you must have registered with the ICB and enter exams online on the Student Portal and have made payment via the portal. Classroom students will be registered by the College and will also be billed by their Colleges.

At the time you enter for the first exam of a (calendar) year, the annual student registration fee is payable. View the ICB’s fees here.

When can I start?

ICB exams are held every month, either as an online exam or as a paper-based exam at a College. There are also sessions in the year for Distance learners who would like to write a paper-based exam at an ICB exam venue.

Distance learning students can enter via the student portal and Classroom students will enter exams through their colleges.

Make sure to double check with your college that they will be offering an exam for the subject you want to write on the date you prefer.

You’ll also need to find out what their cut-off dates are for entries for the exams you want to write.

For more detail, have a look at the ICB’s exam timetables and registration dates here.

Other ICB Courses for you

BUSINESS MANAGEMENT

Learn more about the NQF Accredited Business Management Courses
LEARN HOW TO MAKE A BUSINESS SUCCEED!

The Business Management Course is just the ticket if you have ambitions of managing a business and its finances.

OFFICE ADMINISTRATION

Learn more about the NQF Accredited Courses Office Administration Courses
BE AN INDISPENSABLE ALL-ROUNDER

The Office Administration Course is perfect for those who want to learn bookkeeping and all-round office knowledge.

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