Course Summary

Course Name:

Financial Accounting – Business Management: ICB National Diploma

Certification Type:

Course Level:

NQF6

Duration:

The Financial Accounting – Business Management: ICB National Diploma is the final Business Management course, set up by the ICB. During this course, you will expand on everything you have learnt in your previous courses, and will finalise your knowledge on financial accounting and business management.


Course information:

Course NameFinancial Accounting – Business Management: ICB National Diploma
AccreditationThe 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 TypeNational Diploma: ICB Financial Accounting – Business Management
Award Issued ByThe Institute of Certified Bookkeepers (ICB) and FASSET
SAQA ID23619
NQF Level06
Course Duration36 months
Credits280
Entry RequirementHigher Certificate: ICB Office Administration – Business Management

Financial Accounting – Business Management: ICB National Diploma Subjects

The following subjects will be covered in your Financial Accounting – Business Management: ICB National Diploma course:

  • Business Management 3 (BMT3)
  • Financial Management and Control (FMCL)
  • Financial Reporting and Regulatory Frameworks (FRRF)
  • Research Theory and Practice (by short dissertation; topic: Business Management) (RTAP)


What Will I Learn?

During your Financial Accounting – Business Management: ICB National Diploma course, you will learn about:

  • All areas of Financial Accounting
  • Cost and Management Accounting
  • Tax regulations in personal and business taxation
  • The nature of law and how accountants operate within the law
  • All areas of Financial Management
  • Internal and external auditing
  • Information systems in business
  • Accounting theory and practice
  • Financial accounting on the Regulatory Framework
  • Corporate governance


Benefits Of Having A Financial Accounting – Business Management: ICB National Diploma Qualification?

A Financial Accounting – Business Management: ICB National Diploma completes your qualification in ICB Business Management, and provides you with all the needed credentials to start a career in financial accounting or business management.

As every firm, organisation, or corporate operation relies on the competence and skills of its finance and management staff, the number of career routes you could pursue with a Financial Accounting – Business Management National Diploma are virtually endless.


Career Opportunities

With a Financial Accounting – Business Management: ICB National Diploma, you will be able to pursue a range of different careers in financial accounting and business management, including the following:

  • Financial Accountant
  • Business Consultant
  • Accounting Officer


Salary Expectations

For each of the various career paths, your salary expectations will differ. The following are the predicted monthly salaries for the various career you can pursue:


Role And Responsibilities

The roles and responsibilities you can expect will primarily be determined by the career path you choose to follow. For careers in financial accounting and business management, you can expect to handle the following duties:

  • Budgeting
  • Managing tax payments
  • Performing internal audits
  • Conducting cost and revenue analysis
  • Recommending sales strategies and ways to improve a company’s financial performance
  • Handling the financial record keeping of an organisation

Financial Accounting – Business Management: ICB National Diploma Curriculum

The Financial Accounting – Business Management: ICB National Diploma curriculum includes the study of four subjects. You will need to complete different assessments throughout your study, and a minimum grade of 60% is necessary to pass the course.


Financial Accounting – Business Management: ICB National Diploma Assessments To Be Completed

You will need to register for the Financial Accounting – Business Management: ICB National Diploma assessments using the ICB Student Portal. After registering, you will be required to complete assignments, tests, and a final examination.

Once you are registered on the ICB Student Portal, you will gain access to ICB MACCI, a digital platform that allows you to apply for your PoE and final exam, as well as see the results of all your assignments and tests.


Financial Accounting – Business Management: ICB National Diploma Assignments To Be Completed

Your Financial Accounting – Business Management: 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


Once you have completed all assignments and tests, you will be able to take the final exam. Your assignments and tests will make up 30% of your course grade.


Financial Accounting – Business Management: ICB National Diploma Exams

To sit for your Financial Accounting – Business Management: ICB National Diploma final examination, you must complete all course assignments and tests. Your final exam will make up 70% of your course grade, and will be completed at the end of your study module.

Why Choose To Study With Bellview Institute Of Distance Learning?

Choosing to study the Financial Accounting – Business Management: ICB National Diploma course through Bellview Institute of Distance Learning will provide you with a range of advantages and benefits. 

These benefits are designed to ensure your time studying goes as smoothly and efficiently as possible. View our benefits.

NATED Financial Management

Meet Your Business Management Tutor


Bellview Institute of Distance Learning Financial Accounting – Business Management: ICB National Diploma Facebook Group

You can join our ICB Courses Facebook Group if you are interested in learning more about the Financial Accounting – Business Management: ICB National Diploma course, or would like to interact with our staff, or other Bellview students. 

There, you will stay up to date with all the latest course news, and are free to ask any questions in the group.

Bellview Institute of Distance Learning Application Process

You can apply to study through Bellview Institute of Distance Learning using various quick and easy application process methods. To register, you can apply via:


Call or WhatsApp: 065 656 9818
Landline Number: 021 838 8280


How Do I Study For A Financial Accounting – Business Management: ICB National Diploma?

To start the Financial Accounting – Business Management: ICB National Diploma course, you need to have a:


Once you have registered and are 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


Upon completing all your course assessments, and achieving a course grade of 60% or higher, you will be awarded a Financial Accounting – Business Management: ICB National Diploma.


When Can I Start Studying Financial Accounting – Business Management: ICB National Diploma?

You can start the Financial Accounting – Business Management: ICB National Diploma course at any time, provided you have all the necessary documents, and meet all course entry requirements. You can register all year round.

Frequently Asked Questions

No, you do not need a Matric Certificate to qualify for ICB Business Management. You can start the ICB Business Management courses with a Grade 11 or Equivalent Certificate, and will be able to study towards a Financial Accounting – Business Management: ICB National Diploma.

The Financial Accounting – Business Management: ICB National Diploma course has a total of 280 credits.

The Financial Accounting – Business Management: ICB National Diploma is on an NQF level 06.

It will take a total of 36 months to complete the Financial Accounting – Business Management: ICB National Diploma course.

The qualifications that ICB offers are granted exemptions by CIMA. Once you have completed the ICB Business Management National Diploma course, you can apply to CIMA for up to 6 exemptions.

Financial Accountants have the following duties:

  • Overseeing accounts
  • Reporting on and keeping track of financial transactions
  • Preparing financial statements and reports
  • Making recommendations for cost cuts

Some important topics covered during this course include:

  • Financial Accounting and Reporting
  • Auditing
  • Management Accounting
  • Budget Analysis
  • Information Systems
  • Tax Accounting
  • Risk Management
  • Economics
  • Financial Management and Planning

Yes, ICB is recognised in South Africa. It also has international recognition since their courses and qualifications meet the national educational standards.

The five basic accounting rules include:

  1. Revenue Recognition Principles
  2. Objectivity Principles
  3. Historical Cost Principles
  4. Full Disclosure Principles
  5. Matching Principles

Business Management studies will improve your skills in:

  • Leadership
  • Interpersonal communication
  • Basic computer skills
  • Critical thinking skills

There are 3 major types of management styles:

  • Autocratic
  • Democratic
  • Laissez-Faire

 

Autocratic management is the most controlled form of management with Laissez-faire management being the least controlled.

Some of the most popular careers in Business Management include:

  • Financial Manager
  • Statistician
  • Market Research Analyst
  • Actuary
  • Business Operations Manager
  • Accountant
  • Financial Analyst
  • Loans Officer
  • Financial Advisor

Both cash and accrual accounting are used in business settings. Small businesses can get by with using cash accounting but all larger businesses are required to make use of accrual accounting.

FASSET will issue your National Qualification. You will also receive a programme completion certificate from the ICB.

Yes, the Financial Accounting – Business Management: ICB National Diploma is registered with SAQA. This course has the following ID number: 23619.

ICB National Diplomas are awarded by the Quality Council of Trades and Occupations (QCTO) and the Institute of Certified Bookkeepers (ICB).

The entry requirement for a Financial Accounting Business Management ICB National Diploma course can either be a Matric Certificate or an Office Administration ICB Higher Certificate (NQF 05).

The role of financial accounting in an organization is to help manage their accounting and financial activities. They analyze and monitor the organization and assess how well it’s been doing. Based on this assessment they will communicate their findings to other departments and this will allow them to set up their budgets and plans for investments.

The difference between accounting and auditing is that accounting involves keeping accounts of financial records, while auditing involves inspection of financial records of a company.

Contact our course specialists for more information on the course fees for the Financial Accounting course.

Yes, the Financial Accounting – Business Management: ICB National Diploma has the following SAQA ID number: 23619.

With a Financial Accounting – Business Management: ICB National Diploma, you will have completed all ICB Bookkeeping and Accounting course qualifications, and will be able to pursue various careers in financial business management.

The main difference between financial accounting and financial management is that financial accounting involves reporting on the financial dealings of a company. Whereas financial management is responsible for what happens with the finances of a business, and are tasked with trying to further finance growth.

On average, financial accountants earn about R43 629 per month, in South Africa.

The Financial Accounting – Business Management course covers a total of four subjects.

Yes, after your Financial Accounting – Business Management National Diploma course, you will graduate from your ICB Business Management studies, and will be ready for the workforce.

Financial accounting is a difficult course as it requires in-depth analytical and accounting skills. However, at Bellview, we make sure that you are fully qualified and prepared for any course.

Author: Ashley Roskruge
Editor: Connor Bergsma
Date Published: June 6, 2022