ICB FINANCIAL ACCOUNTING

Every business needs someone to manage their books

Want to be able to offer indispensable bookkeeping and financial accounting skills, or become an accountant someday? Then why not study an accounting course?

You can get your first Financial Accounting qualification after 4 subjects!

There are 12 subjects which build on each other. You will be able to get the ICB Financial Accounting: Foundation Level of this programme (and achieve the National Certificate: Bookkeeping) after successfully passing just four subjects.

This Financial Accountant Course is for anybody. When you keep studying and you’ll progress through the Intermediate levels to the final and most Advanced Level.

Did you know you can join a professional body and get a designation?

Professional Bodies award designations for people who hold recognised, registered qualifications with relevant work experience. Still studying? No Problem! Click here for more information on professional bodies.

Ready to earn while you learn?

All our ICB students get free access to our prestigious Bookkeeper Empowerment Initiative which allows then to start their own bookkeeping practice and earn money while they complete their formal studies.

National Certificate: Bookkeeping

NQF L3 (SAQA ID: 58375)

TOTAL CREDITS: 120

DURATION

12 months

ENTRY REQUIREMENTS

Grade 10 (Std 8) or equivalent.

No prior accounting knowledge needed. You must be at least 16 years old.

SUBJECTS:

1. Bookkeeping to Trial Balance (BKTB)

2. Payroll and Monthly SARS Returns (PMSR)

3. Computerised Bookkeeping (CPBK)

4. Business Literacy (BUSL)

WHAT WILL I LEARN TO DO?

  • Monthly bookkeeping to trial balance (manual and computerized)
  • Disclose profit and financial position
  • Reconcile suppliers, inventory and bank statements
  • Calculate PAYE/ UIF/SDL; payroll tax and other deductions
  • Submit EMP201, EMP501, IRP5, IRP6 and IT3a documents and VAT returns

WHAT CAN MY JOB TITLE BE?

Junior Bookkeeper, Accounts Clerk, Reconciliation Clerk, Payroll Clerk, Accounts Payable/Receivable Clerk

OUR ICB COURSES

Entry requirements

You have to be at least 16-years old and have passed Grade 10 (Standard 8), or have an equivalent qualification. You dont need any previous accounting knowledge or experience, as our foundation level courses teach you all the basics.

What's included
  • Online classes twice a week
  • Study material delivered to your door
  • Introduction Video
  • Exam Info
  • Q & A Platform
  • Concept Videos
  • Forums
  • Exam Timetable
  • Study Schedule
  • Multiple Mock Exams & Solutions
  • Recording of the LIVE Webinars
  • Quizzes
  • Exam Walkthrough (Pre-recorded)
What's not included
  • Your annual ICB registration fee – R470
  • Assessment fee for Digital PoE (paper & online exam) – R850 per subject.
Assessment Criteria
  • Portfolio of Evidence, including assignments and tests. 60% to pass.
  • Final ICB Exam
Exams and Sittings

Our course is structured for you to write either during the May (Paper) and June (Online) exams for the 1st semester registrations or the November (Paper) and December (Online) exam periods for 2nd semester registrations.

Payment terms

Each subject runs over 5 months starting in January 2023 and costs R3950 per subject. You can choose how many subjects you want to do and when to do them (either 1st or 2nd semester). You will only receive your qualification after you have passed all 4 subjects.

We require an immediate payment of R950 as a registration fee to secure your seat in our course, followed by five monthly payments of R600 each (Total is R3950 for your first subject), with the first installment due by the end of January 2024.

BOOKKEEPING TO TRIAL BALANCE (BKTB)

Content

This subject teaches bookkeeping terminologies and concepts that will form the foundation for bookkeeping training. It covers a thorough understanding of Value Added Tax (VAT) in the context of South Africa’s rules and regulations, a working knowledge of journals, general ledgers and trial balances. You will also be familiar with cash journals, debtors and creditors accounts as you would have covered the different reconciliations that are required in bookkeeping.

R3,950

PAYROLL AND MONTHLY SARS RETURNS (PMSR)

Content

This subject teaches you manual monthly bookkeeping functions. You will also be introduced to payroll and the Basic Conditions of Employment Act as well as basic business ethics. This subject will enable you to complete the payroll function including completing SARS payroll returns.

R3,950

COMPUTERISED BOOKKEEPING (CPBK)

Content

This subject teaches you how to complete the monthly bookkeeping cycle on Pastel Accounting, Microsoft Excel, Word and Power Point. This is an essential part of bookkeeping training.

R3,950

BUSINESS LITERACY (BUSL)

Content

This subject will teach you professional business writing, verbal communication skills and numerical skills (such as fractions, averages, percentages, fractions, etc), which is fundamental to any career.

R3,950

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