Course Summary
Course Name:
Certified Financial Accounting: ICB National Diploma
Certification Type:
Course Level:
NQF6
Duration:
The Certified Financial Accounting: ICB National Diploma is the fourth and final course taken in your ICB Bookkeeping and Accounting study programme.
During this course, you will learn everything there is to know about finance literacy and accounting administration, and will be thoroughly prepared for the financial accounting world.
This course is the second of your ICB National Diploma courses, and aims to provide you with advanced levels of education on all your previous course knowledge, in the form of both theoretical and practical learning.
Course Information:
Course Name | Certified Financial Accounting: ICB National Diploma |
Accreditation | The Quality Council of Trades and Occupations (QCTO) and The Institute of Certified Bookkeepers (ICB) |
Examinations | Completion of three assignments, and two tests Your final exam will take place on fixed dates during the course of the year. Registration deadlines are published on the student portal and ICB website |
Award Type | National Diploma: ICB Certified Financial Accounting |
Award Issued By | The Institute of Certified Bookkeepers (ICB) and FASSET |
SAQA ID | 20366 |
NQF Level | 06 |
Course Duration | 36 months |
Credits | 280 |
Entry Requirement | Technical Financial Accounting: ICB National Diploma |
Certified Financial Accounting: ICB National Diploma Subjects
The following subjects will be covered in your Certified Financial Accounting: ICB National Diploma course:
- Corporate Strategy (CRPS)
- Management Accounting Control Systems (MACS)
- Financial Reporting and Regulatory Frameworks
- Research Theory and Practice (by short dissertation; topic: Financial Accounting) (RTAP)
What Will I Learn?
During your Certified Financial Accounting: ICB National Diploma course, you will be able to:
- Understand and implement the theory and procedures that govern bookkeeping and accounting
- Understand and implement Cost and Management Accounting theories operating within a business
- Understand the structure and operation of the South African taxation system
- Explain how the Legal System works in terms of Common Law, Equity and Judicial Precedent, Civil Law, Criminal Law, Statute Law, Case Law, and European Union Law
- Make effective and relevant Financial Management decisions
- Understand the principles of Internal and External Auditing
- Apply Management Accounting control and decision-making techniques, to effectively communicate as an accountant
Benefits Of Having A Certified Financial Accounting: ICB National Diploma Qualification?
A Certified Financial Accounting: ICB National Diploma will help you in pursuing a professional career in bookkeeping, or working within the financial department of a business.
Having a Certified Financial Accounting: ICB National Diploma is also advantageous if you would like to establish your own bookkeeping business, or need assistance in running a business.
Career Opportunities
Once you have completed the Certified Financial Accounting: ICB National Diploma course, you will be able to pursue a variety of career paths in accounting, including the following:
- Financial Accountant
- Tax Consultant
- Management Accountant
Salary Expectations
Your salary expectations will vary for each of the different career paths you might choose to follow. The estimated monthly salary for the various careers in accounting are as follows:
- Financial Accountant: R28 448 monthly expected salary
- Tax Consultant: R35 500 monthly expected salary
- Management Accountant: R37 980 monthly expected salary
Role And Responsibilities
The roles and responsibilities you can expect will largely depend on the career path you choose to follow. For careers in the accounting industry, you can expect to handle the following duties:
- Internal auditing
- Preparing company budgets
- Monitoring and reporting on accounting inconsistencies
- Calculating tax liabilities
- Submitting tax returns
- Dealing with SARS on behalf of clients
- Preparing financial reports
Certified Financial Accounting: ICB National Diploma Curriculum
The Certified Financial Accounting: ICB National Diploma curriculum includes the study of four subjects. During your studies, you will complete various assessments, and will be required to achieve a minimum course grade of 60% to pass.
Certified Financial Accounting: ICB National Diploma Assessments To Be Completed
You will need to register for the Certified Financial Accounting: ICB National Diploma assessments using the ICB Student Portal. Once you have registered, you will be required to complete assignments, tests, and a final examination.
After registering on the ICB Student Portal, you automatically gain access to ICB MACCI, a digital platform that allows you to check your assignments and test results, as well as apply for your PoE and final exam.
Certified Financial Accounting: ICB National Diploma Assignments To Be Completed
Your Certified Financial Accountant: ICB National Diploma course will consist of the following tests and assignments to be completed:
- Formative Assignment 1
- Formative Assignment 2
- Formative Assignment 3
- ICB Test 1
- ICB Test 2
Your assignments and tests will account towards 30% of your overall course mark. Only after you have completed both tests will you be allowed to take your final exam.
Certified Financial Accounting: ICB National Diploma Exams
In order to sit for your Certified Financial Accounting: ICB National Diploma final examination, you must complete all course assignments and tests. The examination will take place at the end of your study module, and will account towards 70% of your course grade.
Why Choose To Study With Bellview Institute Of Distance Learning
Choosing to study the Certified Financial Accounting: ICB National Diploma course through Bellview Institute of Distance Learning will provide you with a range of advantages and benefits, that are designed to ensure your time studying goes as smoothly and efficiently as possible. View our benefits.
Bellview Institute of Distance Learning Certified Financial Accounting: ICB National Diploma Facebook Group
If you are interested in learning more about the Certified Financial Accounting: ICB National Diploma course, or would like to interact with our staff, and other Bellview students, you can join our Accounting Courses Facebook Group.
There, you will be kept up to date on any course news and have the opportunity to ask any questions you may have.
Bellview Institute of Distance Learning Application Process
Bellview Institute of Distance Learning has a quick and easy application process for you to follow, to help you get set up and started for your course studies. To register, you can apply via the following methods:
- Fill out our online application form
- Contact one of our course specialists
- Contact our Student Recruitment Office:
Call or WhatsApp: 065 656 9818
Landline Number: 021 838 8280
How Do I Study For A Certified Financial Accounting: ICB National Diploma?
To study for a Certified Financial Accounting: ICB National Diploma, you will need to have a:
- Bookkeeping: ICB National Certificate
- Bookkeeping: ICB FET Certificate
- Technical Financial Accounting: ICB National Diploma
While studying, you will be required to:
- Complete and submit all course assignments
- Write all required tests before your final examinations
- Write your final examinations online or in-person
Once you have successfully completed all your course assessments, and achieved a minimum course grade of 60%, you will be awarded a Certified Financial Accounting: ICB National Diploma.
When Can I Start Studying Certified Financial Accounting: ICB National Diploma?
You can register the Certified Financial Accounting: ICB National Diploma at any time, as long as you have all the needed documents, and meet all course entry requirements.
Frequently Asked Questions
A certified accountant provides support to senior accountants, auditors, or finance managers, and carries out various accounting tasks within a business, usually under their supervision.
A certified accountant needs to have the following skills:
- Reliability and trustworthiness
- Organisational skills
- Problem-solving skills
- Time management skills
- Communication skills
Once you have a Certified Financial Accounting Diploma, you can go into the following career paths:
- Financial Accountant
- Accounting Officer
- Tax Practitioner
- Tax Consultant
- Assistant Manager
- Management Accountant
You will need a Technical Financial Accounting: ICB National Diploma to start this course.
In order to start the Certified Financial Accounting: ICB National Diploma course, you will have to complete the Technical Financial Accounting: ICB National Diploma course.
The Quality Council of Trades and Occupations (QCTO) and The Institute of Certified Bookkeepers (ICB) accredits ICB Diplomas.
Yes, the Certified Financial Accounting: ICB National Diploma has the following SAQA ID number: 20366.
The Certified Financial Accounting: ICB National Diploma is awarded by FASSET. You will also receive a programme completion certificate from the ICB.
Financial Accounting works to analyse and monitor an organization’s financial performance. This analysis will then help other departments in the organization to set up their budgets and investment plans.
Generally Accepted Accounting Principles (GAAP) are commonly followed accounting rules used for financial reporting.
Contact our course specialists for information on tuition and registration fees for the Certified Financial Accounting: ICB National Diploma course.
Non-profit organizations, Corporations and small businesses are a few of the groups that are in need of a Financial Accountants. This means that work opportunities for financial accountants can be found in both the private sector and the public sector.
With a Certified Financial Accounting: ICB National Diploma, you will be able to register for the Technical Financial Accounting: ICB National Diploma, or apply for jobs in Financial Accounting.
Yes, after the ICB Certified Financial Accounting National Diploma course, you will graduate from your Bookkeeping and Accounting studies, and will be able to start your professional career in Bookkeeping.
In your Certified Financial Accounting course, you will learn all the necessary accounting and financial management skills, as well as all legal systems laws, to prepare you to work as an accountant.
To become a Certified Financial Accountant, you will need to have a:
An Accountant in South Africa earns about R23 000 per month, as a starting salary.
Your ICB Certified Financial Accounting National Diploma is your final qualification in ICB Bookkeeping and Accounting. With it, you will be able to pursue a range of different jobs in the finance industry.
To become a Certified Accountant, you need to complete your ICB Bookkeeping and Accounting studies, and gain all relevant qualifications. With your ICB qualifications, you will be able to gain employment in the finance sector of a business, and can work your way towards being a Certified Accountant.
The ICB Financial Accounting courses aim to equip students with the skills and knowledge in the following areas:
- Bookkeeping
- Financial Management
- Management Accounting
- Financial Accounting
Yes, it does. Certified Financial Accounting will need you to have basic knowledge of Maths.
Yes, it is. Financial Accounting is a field that is highly regarded and sought after by employers. There is a lot of room for growth for people who are intrested in the field.
These are the three types of Accounting:
- Cost
- Managerial
- Financial Accounting
You will required to do the following during your studies:
- Complete and submit all three course assignments
- Write and pass both tests before your final examinations
- Write and pass your final examinations online or in-person
You can view all your assignment, test, and exam dates on the ICB Student Portal.
Here are the subjects you will cover in this course:
- Corporate Strategy
- Management Accounting Control Systems
- Financial Reporting and Regulatory Frameworks
- Research Theory and Practice
In South Africa, the average salary of a Financial Accountant is roughly R 38 669 per month, depending on their experience.
Yes, this course is accredited by the Quality Council of Trades and Occupations (QCTO) and the Institute of Certified Bookkeepers (ICB).
The Certified Financial Accounting: ICB National Diploma course is on an NQF level 6.
The Certified Financial Accounting course has 280 credits.
The SAQA ID for the Certified Financial Accounting course is 20366.
The Certified Financial Accounting: ICB National Diploma is issued by the Institute of Certified Bookkeepers (ICB) and FASSET.
With A Certified Financial Accounting: ICB National Diploma Qualification, you will be able to pursue the following careers:
- Financial Accountant
- Tax Consultant
- Financial Consultant
The ICB exams count for 70% of your final grade.
The assignment counts for 30% of your final mark.
The Certified Financial Accounting: ICB Diploma is issued by the Quality Council For Trades and Occupations (QCTO) and by the Institute of Certified Bookkeepers (ICB).
The Certified Financial Accounting: ICB National Diploma course is about 36 months long.
The Portfolio of Evidence (PoE) consists of the following assessments:
- Formative Assignment 1
- Formative Assignment 2
- Formative Assignment 3
- ICB Test 1
- ICB Test 2
The minimum pass percentage for the Portfolio of Evidence is 50%.
You can apply for the exam at any point before the exam date. You will need to have submitted and passed your Portfolio of Evidence before qualifying for the final exam.
No, the Certified Financial Accounting: ICB National Diploma course is not expensive at all.
We offer the following payment options to help make your payment process easier and more convenient:
- Monthly payment
- Unique payment
- Split payment
- Advanced payment
After you have completed the Certified Financial Accounting: ICB National Diploma course you will be able to apply for an entry-level job position.
To qualify for the Certified Financial Accounting: ICB National Diploma course you need to have completed the Technical Financial Accounting: ICB National Diploma.
The three types of accounting are:
- Managerial accounting
- Financial accounting
- Financial management and cost accounting
Yes, the Certified Financial Accounting: ICB National Diploma is internationally accredited.
Author: Ashley Roskruge
Editor: Connor Bergsma
Date Published: June 3, 2022
Last Updated:
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