Course Summary

Course Name:

Small Business Financial Management: ICB National Certificate

Certification Type:

Course Level:

NQF4

Duration:

The Small Business Financial Management: ICB National Certificate is the first course of the ICB Business Management courses. It introduces students to the financial world. In this course, students will learn about bookkeeping and accounting.


Course Information:

Course NameSmall Business Financial Management: ICB National Certificate
AccreditationThe Quality Council of Trades and Occupations (QCTO) And Institute of Certified Bookkeepers (ICB)
Examinations

Students are to complete three assignments and two tests. You qualify for exams if these assignments and tests have been completed.

All final exams are conducted during the academic year. Set dates are available on the ICB website and ICB student portal.

Award TypeNational Certificate: Small Business Financial Management
Award Issued ByFASSET And The Institute of Certified Bookkeepers (ICB)
SAQA ID48736
NQF Level04
Course Duration12 months
Credits120
Entry Requirement

Grade 11 or an equivalent certificate (NQF 3)

If you have completed the Bookkeeping: ICB National Certificate, then you will be accepted into a Business Management course.

Small Business Financial Management: ICB National Certificate Subjects

Theses are the subjects that will be covered in the Small Business Financial Management: ICB National Certificate:

  • Business Management 1 (BMT1)
  • Bookkeeping to Trial Balance (BKTB)
  • Business Literacy (BUSL)


What Will I Learn?

The Small Business Financial Management: ICB National Certificate will provide you with the knowledge and skills needed to manage a business. The skills learned will help you to:

  • Prepare business plans and yearly budgets
  • Record business transactions and prepare financial statements
  • Calculate and record gross pay and deductions
  • Calculate VAT and tax returns


Benefits Of Having A Small Business Financial Management: ICB National Certificate Qualification?

Having a Small Business Financial Management: ICB National Certificate will help you start your career in business and financial management. You can also register for the Office Administration – Business Management: ICB Higher Certificate upon completing your National Certificate course.


Career Opportunities

If you have completed and obtained a Small Business Financial Management: ICB National Certificate, you can be eligible for a range of different career opportunities. These are some careers that you can go into:

  • Office Manager
  • Human Resources Assistant
  • Junior Researcher
  • Sales Assistant


Salary Expectations

The salary expectations differ depending on the career path.


Role And Responsibilities

People who have careers in business financial management have the following roles and responsibilities:

  • Supervise other working staff
  • Create and manage business strategies
  • Set and implement business goals and objectives
  • Create and maintain adherence to business policies
  • Carry out administrative duties
  • Assist in the recruitment of employees
  • Evaluate business performance

Small Business Financial Management: ICB National Certificate Curriculum

The Small Business Financial Management: ICB National Certificate is the first course of the ICB Business Management courses. Students will learn the basics of business and financial management. 

The curriculum includes three subjects. Students will be required to complete three assignments, two tests, and a final exam. Upon completion, students will be equipped with the knowledge and skills needed to successfully run and manage a business.


Small Business Financial Management: ICB National Certificate Assessments To Be Completed

To complete the Small Business Financial Management: ICB National Certificate course, you will have to complete your Portfolio of Evidence (PoE) and your final exams. Your PoE consists of three assignments and two tests.


Small Business Financial Management: ICB National Certificate Assignments To Be Completed 

The following tests and assignments have to be completed to obtain the Small Business Financial Management: ICB National Certificate:

  • Assignment 1
  • Assignment 2
  • Assignment 3
  • ICB Test 1
  • ICB Test 2


Your PoE contributes 30% towards your final course mark. Students will qualify for exams if they have submitted all assignments and tests.


Small Business Financial Management: ICB National Certificate Exams

You can register for your exams on the ICB Student Portal or on the ICB website. You can only write exams if you have completed and submitted your Portfolio of Evidence,  which counts 30% towards your final course mark. Your exam will contribute 70% towards your final course mark. 

Why Choose To Study With Bellview Institute of Distance Learning?

Studying with Bellview Institute of Distance Learning is worth it. You get to enjoy a number of benefits. To browse through our benefits, click here

NATED Financial Management

Meet Your Business Management Tutor


Bellview Institute of Distance Learning Small Business Financial Management Facebook Group

If you need more information on the Small Business Financial Management: ICB National Certificate, you can join us on our ICB Courses Facebook Group. You will be able to ask all your questions and request relevant information. You can also interact with other students.

Bellview Institute of Distance Learning Application Process

If you are ready to start your journey with Bellview Institute of Distance Learning, complete our easy application process.


How Do I Study For Small Business Financial Management: ICB National Certificate?

To study for the Small Business Management: ICB National Certificate, you will need to register for the course. You will need a Bookkeeping: ICB National Certificate or a Grade 11 certificate (NQF3). Furthermore, you will have to: 

  • Complete all ICB tests
  • Complete and submit all the assignments
  • Write and pass your final paper-based or online exams


When Can I Start Studying Small Business Financial Management: ICB National Certificate?

You can start studying the Small Business Financial Management: ICB National Certificate whenever you are ready. After browsing through the information provided, you can apply now

Frequently Asked Questions

Accounting focuses on interpreting and presenting past financial data to the business. Financial management includes plans and insights into future financial plans.

All ICB courses are accredited and recognised nationally and internationally.

Having a certificate in financial management can help you understand the basic skills needed to manage a business. This certificate will help you manage the financial plans and budgets of many businesses.

You can study Small Business Financial Management: ICB National Certificate without Maths. As long as you have a Grade 11 certificate or an equivalent certificate, or a Bookkeeping: ICB National Certificate. 

Some careers you can get with a National Certificate in ICB Small Business Financial Management include:

  • Human Resource Management Assistant
  • Office Manager
  • Junior Researcher
  • Sales Assistant

The Small Business Financial Management: ICB National Certificate is on an NQF level 04.

ICB qualifications are accredited by the Quality Council of Trades and Occupations (QCTO) and Institute of Certified Bookkeepers (ICB).

FASSET issues the ICB National Qualifications and you will be issued a programme completion certificate by the ICB.

The Small Business Financial Management: ICB National Certificate has a total of 120 course credits.

The four main types of financial decisions include:

  • Financing decisions
  • Dividend decisions
  • Investment decisions
  • Working Capital decisions

The three A’s of Financial Management include:

  • Anticipation – predicting future needs of the business
  • Acquisition – collecting necessary funds and resources
  • Allocation – distributing funds and resources as the budget allows

The SAQA ID for a Small Business Financial Management ICB National Certificate course is 48736.

The ICB, Institute of Certified Bookkeepers, is an independent examination body. The organisation is recognized across the world and has over 150 000 active affiliate member worldwide.

Yes, mathematics plays an important role in the finance of any business. Having basic knowledge in mathematics will help you identify and manage financial risks of the business.

For information on the tuition and registration fees for the Small Business Financial Management course, contact one of our course specialists.

The four main scopes of Financial Management include:

  • Financing decisions
  • Working Capital decisions
  • Investment decisions
  • Dividend decisions

With a Small Business Financial Management: ICB National Certificate, you can register for the Office Administration Higher Certificate course, or apply for jobs in Small Business Finance Management.

The four important processes of financial management include:

  • Planning
  • Organising
  • Controlling
  • Monitoring

The role of financial management in a small business is to help small business owners understand market risks, and ensure that the business makes a profit. Financial Management also ensures that owners know how much money the company has to work with, so that suppliers and employees are paid on time, and liquidity within the business remains high.

The Small Business Financial Management course covers a total of three subjects.

The three A’s that sum up financial management are:

  • Anticipation – Identifying future needs
  • Acquisition – Acquiring the required funds
  • Allocation – Distributing according to company budget

Financial Managers plan and oversee how money is spent in a business, and are tasked with raising a company’s value, by generating a profitable income.

Author: Wanele Sibiya
Editor: Connor Bergsma
Date Published: June 6, 2022