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FINANCIAL ACCOUNTING PROGRAMME

Every business needs someone to manage their books

Want to be able to offer indispensable bookkeeping and accounting skills, or become an accountant someday? This is the course for you. It will equip you with knowledge and practical skills in bookkeeping, financial accounting, income tax financial management, reporting standards, corporate strategy, management accounting and research.

You can get your first qualification after 4 subjects!

There are 12 subjects which build on each other. You’ll complete the Financial Accounting: Foundation Level of this programme (and achieve the National Certificate: Bookkeeping) after successfully passing just four subjects. Keep studying and you’ll progress through the Intermediate levels to the final, Advanced Level.

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:58676)

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?

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, Financlal 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?

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?

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

Your Questions Answered

How do I do the 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 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 yours 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.  There’s also college tuition, textbooks, workbooks and study support from your college.

Do I get credits for work experience or other studies?

If you’re working already, or have completed some courses in the past, there are some options for you regarding recognition of prior learning, learnerships and bursaries.  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 ICB fees directly to us.  Classroom-based students will be billed by their colleges. In order to receive your PoE or be entered for exams, you must have sent your Exam Entry Form with proof of fee payment to the ICB – or your training provider. You can also register with the ICB and enter exams online on our Student Portal.  At the time you enter for the first exam of a (calendar) year, the annual student registration fee is payable. View the ICB’s 2018 fees here.

When can I start?

Exams for classroom-based students run every month at the training providers.  You need to double check with your college that they will be offering an exam for the subject you want to write on these dates. You’ll also need to find out what their cut-off dates are for entries for the exams you want to write. Exams for distance learners and independent self-study students are conducted 5 times a year, at ICB approved examination centres around southern Africa.  Take a look at the ICB’s 2018 exam timetables and registration dates here.

Other ICB Programmes for you

LOCAL GOVERNMENT NEEDS YOU!

If you want to work in finance in government or municipalities, Public Sector Accounting is the programme to study.

LEARN HOW TO MAKE A BUSINESS SUCCEED!

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

DREAMING OF RUNNING YOUR OWN BUSINESS?

The Entrepreneurship Programme is the study stream if you are financially-minded and have dreams of starting a business.

BE AN INDISPENSABLE ALL-ROUNDER

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

Choose How to Study

You’ve chosen what to study, now choose how to study