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Technical Financial Accounting: ICB National Diploma

The Technical Financial Accounting: ICB National Diploma is the next step in your Accounting qualification. All ICB Accounting courses are available at Bellview.

Course Summary

Course Name:

Technical Financial Accounting: ICB National Diploma

Certification Type:

Course Level:

NQF6

Duration:

The Technical Financial Accounting: ICB National Diploma course is the third course taken in your ICB Bookkeeping and Accounting study programme. During this course, you will be introduced to various accounting aspects, and will build on the bookkeeping knowledge gained in your previous courses.

This course is the first of two National Diploma courses you will take in your ICB studies, and will help you learn everything there is to know about accounting administration.


Course Information:

Course NameTechnical Financial Accounting: 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 Technical Financial Accounting
Award Issued ByThe Institute of Certified Bookkeepers (ICB) and FASSET
SAQA ID36213
NQF Level05
Course Duration28 months
Credits251
Entry RequirementBookkeeping: ICB FET Certificate

Technical Financial Accounting: ICB National Diploma Subjects

The following subjects will be covered in your Technical Financial Accounting: ICB National Diploma course:

  • Income Tax Returns (ITRT)
  • Business Law and Accounting Control (BLAC)


What Will I Learn?

During your Technical Financial Accounting: ICB National Diploma course, you will gain the skills and knowledge needed to be able to:

  • Process documents linked to goods and services
  • Keep track of capital acquisitions and dispositions
  • Input, store, and output data
  • Provide cost reports
  • Highlight cost trends and suggest ideas for cost reduction
  • Prepare cost estimates
  • Assist in the planning and conducting of an audit
  • Sort accounting and non-financial data by classifying and recording it


Benefits Of Having A Technical Financial Accounting: ICB National Diploma?

After completing and gaining a Technical Financial Accounting: ICB National Diploma, you will be able to register for and gain a Certified Financial Accounting: ICB National Diploma

A Technical Financial Accounting National Diploma will also assist you in pursuing a professional career in bookkeeping, and working within a business’s financial department.


Career Opportunities

Once you have successfully completed your Technical Financial Accounting: ICB National Diploma course, you will be able to pursue a host of accounting career paths, such as:

  • Technical Financial Accountant
  • Financial Manager
  • Tax Technician


Salary Expectations

For each career path in Technical Financial Accounting, your salary expectation will differ. Below are the predicted monthly expected salaries, for the various career paths you might take:


Role And Responsibilities

The duties you will be expected to undertake will vary depending on your chosen professional career path. For each of the various Technical Financial Accounting professions, you can expect to manage the following roles and responsibilities:

  • Perform internal audits
  • Oversee tax payments
  • Monitor and report on accounting irregularities
  • Monitor cash flow
  • Keep track of finances
  • Prepare and file taxes returns
  • Verify and avail source documents

Technical Financial Accounting: ICB National Diploma Curriculum

The Technical Financial Accounting: ICB National Diploma curriculum includes the study of two subjects. During your studies, you will complete various assessments, and will be required to achieve a minimum course grade of 60% to pass.


Technical Financial Accounting: ICB National Diploma Assessments To Be Completed

You will need to register for the Technical Financial Accounting: ICB National Diploma assessments using the student portals. Once 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.


Technical Financial Accounting: ICB National Diploma Assignments To Be Completed 

Your Technical Financial Accounting: 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 for 30% of your overall course grade. Only once you have completed and submitted both tests will you be authorised to take your final exam.


Technical Financial Accounting: ICB National Diploma Exams

In order to sit for the Technical Financial Accounting: ICB National Diploma final examination, you must complete all course assignments and tests. Your exam will take place at the end of your study module, and will count for 70% of your course grade.

Why Choose To Study With Bellview Institute Of Distance Learning

Choosing to study the Technical 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.

Bookkeeping and Accounting Courses

Meet Your Technical Financial Accounting Tutor


Bellview Institute of Distance Learning Technical Financial Accounting: ICB National Diploma Facebook Group

If you are interested in learning more about the Technical Financial Accounting: ICB National Diploma course, or would like to interact with our staff, or other Bellview Institute of Distance Learning students, you can join the Bellview Accounting Courses Facebook Group

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

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. To register, you can apply via the following methods:

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


How Do I Study For A Technical Financial Accounting: ICB National Diploma?

To study for a Technical Financial Accounting: ICB National Diploma, you will need to have a:


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 Technical Financial Accounting: ICB National Diploma.


When Can I Start Studying Technical Financial Accounting: ICB National Diploma?

You can start the Technical Financial Accounting: ICB National Diploma at any time, provided you have all necessary documents, and meet all course requirements.

Frequently Asked Questions

Yes, the Technical Financial Accounting course is accredited by the Quality Council of Trades and Occupations, and the Institute of Certified Bookkeepers.

The Institute of Certified Bookkeepers (ICB) offers accredited courses in the line of business skills. All of the ICB training providers are fully accredited by the Department of Higher Education and Training (DHET).

Yes, the ICB is registered to provide students with accredited courses that further their business skills. All training providers of ICB courses are accredited by the Department of Higher Education and Training (DHET) to give students accredited education and training.

You will have many career opportunities with a National Diploma in Technical Financial Accounting, some of which include:

  • Technical Financial Accounting
  • Cost Accountant
  • Financial Management
  • Management Accountant
  • Tax Technician
  • Financial Investment Advisor

Technical Financial Accountants earn an average yearly salary of R319 107.

Accounting can be divided into three main grounds:

  • Collection
  • Compilation
  • Recording


All of these aspects deal with financial reports and the intention of using them for future duties or records.

Accounts are classified in the following categories:

  • Personal Accounts
  • Real Accounts
  • Nominal Accounts

Some Accounting careers that are in high demand include:

  • Financial Controller
  • Accountant
  • Financial Manager
  • Management Consultant
  • Tax Accountant
  • Auditor
  • Financial Analyst

The Technical Financial Accounting: ICB National Diploma is on an NQF level 06.

Yes, ICB is registered on SAQA. The Technical Financial Accounting: ICB National Diploma course has the following SAQA number: 36213.

Yes, the ICB Technical Financial Accounting course is a Distance Learning course.

Your ICB National Diploma will be awarded by FASSET. You will also receive a programme completion certificate from the ICB.

The Technical Financial Accounting: ICB National Diploma course is accredited by the Quality Council of Trades and Occupations (QCTO) and The Institute of Certified Bookkeepers (ICB).

A Technical Accountant is someone who is responsible for carrying out the following accounting duties:

  • Managing financial records
  • Preparing financial statements and reports
  • Paying invoices
  • Filing tax returns for the business

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

To find out the current fees for the Technical Financial Accounting: ICB National Diploma course, contact our course specialists.

Generally people find accounting a more challenging field of study than finance. The reason behind this is that accounting has very strict arithmetic rules and has very precise processes used to complete tasks. Whereas finance is theoretical with less focus on numbers and more focus on economics and other external factors that might affect the organization financially.

A technical accountant is responsible for providing assistance to senior accountants, auditors, or finance managers, and carries out various accounting duties within an organisation, usually under their supervision.

No, you can become a Financial Accountant without having a Matric Certificate. To start the ICB Bookkeeping and Accounting course at Bellview, all you need is a Grade 10 or Equivalent Certificate, and to be 16 years of age or older.

The Technical Financial Accounting course equips you with the skills and knowledge on how to handle the day-to-day duties an accountant is tasked with, and focuses on processing, reporting, tracking, and assisting with all the financial data of a company.

The Technical Financial Accounting: ICB National Diploma has a total of two subjects.

During your Technical Financial Accounting: ICB National Diploma course, you will cover the following subjects:

  • Income Tax Returns (ITRT)
  • Business Law and Accounting Control (BLAC)

Based on estimated hours, it will take about five years for you to gain your ICB Financial Accounting National Diploma.

If you would like to become an accountant, then yes, having a Technical Financial Accounting: ICB National Diploma is worth it. Accounting is important in any business, and accountants play a vital role in a business’s economic growth. With a National Diploma in accounting, your career as a future accountant is virtually secured.

A Technical Financial Accountant is responsible for performing accounting activities. They are typically supervised by the senior accountant, and are tasked with assisting the senior accountant, auditor, or financial manager with accounting and financial management tasks.

The Technical Financial Accounting: ICB National Diploma is one of the courses in the ICB Bookkeeping and Accounting programme. It will build on the knowledge and skills that you have gained in the Bookkeeping courses. It will further equip you with knowledge for accounting administration.

Financial Accountants record, summarize and report on the companies business transactions through financial statements.

Technical Financial Accounting can be hard, but with us you are able to study at your own pace. This means you will be able to take in the content at a pace that will be easiest for you.

Your assignments and tests count towards 30% of your overall course mark. The tests are compulsory and you will only be able to gain exam entry if you have completed your tests.
 

You can view all your assignment, test, and exam dates on the ICB Student Portal.

A Technical Financial Accountant earns R40 000 per month.

No. For more information on the course fees, contact one of our course specialists.

These are the subjects that you will be covering in the Technical Financial Accounting: ICB National Diploma course:

  • Income Tax Return
  • Business Law and Accounting Control

These are the careers available for you to pursue as a Technical Financial Accountant:

  • Technical Financial Accountant
  • Financial Manager
  • Tax Technician

Yes, this course is accredited by the Quality Council of Trades and Occupations (QCTO) and the Institute of Certified Bookkeepers (ICB).

The Technical Financial Accounting: ICB National Diploma has a total of 251 credits.

The Technical Financial Accounting: ICB National Diploma course SAQA ID is 36213.

The ICB assignments and tests count for 30% of your final mark.

FASSET and the Institute of Certified Bookkeepers (ICB) issues the Technical Financial Accounting: ICB National Diploma.

The ICB exams count for 70% of your final grade.

You are going to complete the following assignments and tests in this course:

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

The Portfolio of Evidence (PoE) is due about a week before your examination starts. You are going to be informed on the due dates for your PoE.

You can apply for the final exam any time before the exam date. You will need to have already submitted the Portfolio of Evidence.

You are going to need to pass the Portfolio of Evidence with a mark of at least 50% to qualify for the final exam.

Yes, there are. These are the payment options you can use:

  • Advanced payment
  • Split payment
  • Monthly payment
  • Unique payment

Yes, the Technical Financial Accounting: ICB National Diploma course is a good course. This course will teach you everything you need to know to be the best in you career.

It could take you up to 28 months to complete the Technical Financial Accounting: ICB National Diploma.

The important financial accounting systems are:

  • Statement
  • Balance sheet
  • Statement of cash flows

To enter the Technical Financial Accounting: ICB National Diploma course you must have already completed the Bookkeeping: ICB FET Certificate course.

Author: Ashley Roskruge
Editor: Connor Bergsma
Date Published: June 3, 2022