What are accounting studies?

What Bookkeeping and Accounting Course Can I Study?

Do you want to know what you can do with Accounting Studies? Here is your complete list of ICB recognized accounting and bookkeeping courses:

NQF LevelICB Programme LevelQualification
NQF L3Foundation LevelNational Certificate: Bookkeeping
NQF L4Intermediate levelFurther Education and Training Certificate: Bookkeeping
NQF L5Upper Intermediate levelNational Diploma: Technical Financial Accounting
NQF L6Advanced LevelNational Diploma: Financial Accounting

 

The difference between Bookkeeping and Accounting

Accounting and Bookkeeping are 2 sides of the same thing. At the entry level, it is called bookkeeping. In accounting, you are dealing with the accurate recording of all the deals of a service or department. You make certain that profits an all expenditure are correctly tape-recorded.

When you have actually moved a couple of actions up on the ladder, you start reporting on the bookkeeping details, and you begin evaluating the info. At the level where your job becomes more intricate since you are likewise reporting and assessing business financial info, we start calling it Accounting.

So an Accountant is a senior Bookkeeper. And a Bookkeeper is a junior Accountant!

Why Study Bookkeeping?

In South Africa, bookkeeping and accounting are scarce skills. That suggests that both industry and government recognise that we have a scarcity of accountants and accountants. The government body for qualifications in the monetary sector, FASSET, has actually done a study on scarce skills in 2015. From that study, they released their Scarce Skills Guide 2015.

FASSET is the SETA for Finance, Accounting, Management Consulting and other Financial Services. In their scarce skills assist they determined the following as scarce skills:

  • Trainee Accountant
  • Financing Manager
  • General Accountant
  • Accounts Clerk
  • Payroll Clerk
  • Financial obligation Collector

These are all positions for which an ICB accounting course will prepare you properly. Your accounting accreditation will ensure that you are constantly in demand. It is a great career that can take you to the greatest level in an organisation.

The deficiency of accounting abilities likewise impacts federal government departments. All government departments have accounting and bookkeeping departments. And they work every year to obtain a successful audit. To obtain a clean audit indicates that they need qualified, licensed, dedicated and knowledgeable bookkeeping and accounting staff and supervisors.

As a certified accountant or accounting professional, you will constantly stay in need. Either in private business or in a government department, which can consist of both towns, in addition to larger national federal government departments.

Can I study ICB Bookkeeping if I don’t have a Matric Certificate?

Yes, you can study ICB Bookkeeping without Matric.accounting studies

All the ICB courses begin at NQF level 3. And they increase to NQF level 6. In contrast, matric is at NQF level 4. So these courses are offered for a student who do not have matric. Students start at a level below matric. Keep studying the programme, and course by course you will rise the NQF level 6, which is two levels greater than matric.

The ICB has actually developed their courses to help trainees who did not complete school, and who requires to work and study at the same time. So you start with the easy ideas and work, and construct on that foundation, till you are ultimately a professional!

As a home study student, you can study an hour after work, 3 or 4 times weekly. With five assessment chances in 2017, you understand that as quickly as you are all set, you can register for the next exam.

As you progress through the program, you will get acknowledgment at the numerous levels. After ending up the first 4 topics, you will get your first credentials from FASSET, and your first ICB Programme Certificate.

ICB Bookkeeping and Accounting Courses

The ICB bookkeeping and accounting program is comprised of 4 different levels. Inside each level can be one or more courses.

  • Foundation Level
  • Intermediate Level
  • Upper Intermediate Level
  • Advanced Level

As you complete each level, you will get certified by the ICB. You will get an ICB Certificate. As you complete the different courses inside the levels, you will get acknowledgment from FASSET through your formal qualification from FASSET.

accounting studies

Foundation Level

Wish to study to become a Junior Bookkeeper?

Our ICB National Certificate in Bookkeeping course is ideal for students who desire to operate in a junior bookkeeper position. This course consists of four topics and will take sixteen months to complete. In order to study this course, you need to be at least sixteen years of age and have a grade 10 certificate. No previous bookkeeping or accounting understanding is needed.

National Certificate: Bookkeeping (NQF Level 3) – Foundation Level

The foundation level is the beginning point for numerous students. If you did not do that well at school, or you stopped trying matric, or you have in fact not studied for many years, then the foundation level assists you bridge the space and get back into studying.

Academically the level is NQF 3. That is the level noted below matric, so we understand that trainees with Grade 10 (Standard 8) will have the ability to handle the scholastic level of the work.

You do not require any previous accounting or accounting knowledge if you start at this level. And you need being at least 16 years of age to be accepted into the program.

To complete this level you need to pass four topics. The recommended time to finish this level is 12 months. Distance learning students can use up to 18 months.

Intermediate Level

Desire to study to end up being a Senior Bookkeeper?

The ICB Further Education and Training Certificate in Bookkeeping course will prepare you for a senior bookkeeper position. The entry requirement for this course is a National Certificate in Bookkeeping. The study duration for this course is six months and there are just two topics to finish.

FET Certificate: Bookkeeping (NQF level 4) – Intermediate Level

The intermediate level is for students who have actually effectively finished the foundation level. It is your 2nd action on the ladder to becoming a Financial Accountant.

To enter this level, you should have passed the foundation level. That suggests you should already have your National Certificate: Bookkeeping to enter this level.

To finish this level you need to pass 2 topics. Various students total this level in six months. Distance learning students can utilize up to 9 months to finish this level.

Upper Intermediate Level

Want to study to become a Technical Financial Accountant?

To become a qualified technical financial accountant, you ought to study the ICB National Diploma in Technical Financial Accounting course. In order to study this bookkeeping course, you first have to get a Further Education and Training Certificate in Bookkeeping. This course takes about six months to finish and there are two subjects to overcome.

National Diploma: Technical Financial Accounting (NQF level 5) – Upper Intermediate Level

At this level, you move from Bookkeeper to Accountant. If your dream is to wind up being an Accountant, then this level will get you there!

To enter this level you have to have actually passed the Intermediate level. That implies you should have your FET Certificate: Bookkeeping to obtain entry to the Upper Intermediate Level

To complete this level you require to pass 2 topics. The advised time of study is 6 months. Home Study trainees can utilize up to 9 months to complete this level.

Advanced Level

Want to study to become a Financial Accountant?

If you are dreaming about running your very own bookkeeping/accounting practice, you must study the ICB National Diploma in Financial Accounting. You need a National Diploma in Technical Financial Accounting to study this course. You will have to finish 3 subjects in the period of nine months.

You could likewise study the Public Sector National Diploma in Financial Accounting course to obtain a monetary accounting professional classification. However, you first have to complete the National Certificate in Public Sector Accounting and Diploma in Public Sector Accounting course before you can continue to the monetary accounts course. This course will also take nine months to finish.

National Diploma: Financial Accounting (NQF level 6) – Advanced Level.

This is the greatest level of ICB research studies. Here you will get your National Diploma: Financial Accounting (NQF Level 6). To enter this level you must have passed all the previous levels. So that suggests you have to remain in ownership of your National Diploma: Technical Financial Accounting.

To pass this level you must successfully finish four topics. Trainees typically take around 12 months to finish this level. Distance learning students can take a bit longer, undoubtedly.

ICB Correspondence Colleges – Accreditationaccounting studies

Being totally recognised means that the college has actually made an application for accreditation to the Institute of Certified Bookkeepers. After sending a portfolio of files to substantiate the application, each college is gone to by a quality assurance supervisor from the ICB. At the college website a variety of things are inspected, to make sure the college is effectively able to provide these ICB courses.

Some of the important things a college ought to reveal at a website assessment from the ICB are their financials, quality study materials, appropriate systems and processes to provide distance learning, certified personnel, a tax clearance certificate and an OHS certificate to show that the college is safe for personnel and students.

After effectively passing the website evaluations, these colleges received their accreditation from the ICB. That implies they have an accreditation certificate for each ICB programme that they are recognised to supply.

ICB Learner Portal

The ICB has a student site for home study students. Through the ICB trainee portal, you can access a range of self-service functions. You can similarly ask your college to gain access to these functions in your location if you do not have web access to, or if you have a tough time to make use of the portal.

A few of the important things you can do by means of the learner portal are:

  • View and modify your personal and contact details
  • Order a reprint of a certificate you achieved
  • Pay your ICB costs (Credit Card).
  • Register for Exams.
  • See your Exam Results.

ICB Bookkeeping Courses Fees.

There are a variety of various expenses that you must prepare for if you are going to study an ICB course. Here are some of the significant costs you need to comprehend and plan for:.

  • Study charges with your distance learning college.
  • Textbook charges. Some colleges will include this in your course charges.
  • Courier fees. Skills Academy includes this in your course charges.
  • Examination fees. Generally, you pay this directly to the ICB, so it is not included in your course fees.
  • ICBA Student Membership fees. These charges are usually not included in your course fees.
  • ICB Student Registration fees. This is an annual fee that is typically not consisted of in your course charges.

ICB Registration.

When you choose to study an ICB credentials, you need to bear in mind a variety of things that kind part of your ICB Registration, being:.

  • Yearly ICB Student Registration.
  • Registration with a home study college.
  • ICB Exam Registration.

ICB Exams.

The ICB offers five exam sessions to home study students in 2017. You need to make certain you understand the test charges. And it is seriously crucial that you register for your exam, three months prior to you prepare to write the examination.

You can not come to the examination centre and expect a seat and an exam paper if you have not signed up for that examination.

ICB Registration

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Last Updated, 5th May 2017