ICB - Institute of Certified

Bookkeepershttp://www.skillsacademy.co.za/icb-institute-certified-bookkeepers/

The Institute of Certified Bookkeepers is recognised by

FASSETThe ICB is a Quality Assurance Partner of

FASSET. With FASSET now forming part of the QCTO, it

can be expected that there might be some changes in the roles of the various bodies regulating education and training for these accredited programmes.

Professional BodiesThe ICB as processional body has set an

example of how professional bodies can stay relevant in this new world.

They have built relationships with government bodies like SAQA, the SETAs (FASSET) and other Professional Bodies.

All of this to the benefit of education and of their students and professional members.

Professional BodiesThe ICB has professional relationships with the

following bodies: Institute of Accounting and Commerce (IAC)South African Business Accountants (SAIBA)South African Institute for Tax Professionals (SAIT)Chartered Institute of Management Accountants

(CIMA)Finance and Accounting Services Sector Education

and Training Authority (FASSET)

SETAsIn South Africa the SETAs (Sector Education and

Training Authorities) plays an important role in collecting and distributing taxes meant for education.

They also accredit and quality assure education and training in their various sectors.

QCTOThe Quality Council for Trades and Occupations

(QCTO) is responsible for qualifications listed on the OQSF (the Occupational Qualifications Sub-Framework). They are one of the three top level Quality Councils.

These three are the Council on Higher Education (CHE), Umalusi and the QCTO.

Together they are responsible for the National Qualification Framework.

The QCTO is responsible for the accreditation of providers / colleges / academies who offer occupational qualifications.

How do I know a course or college is accredited?

To find out if a college is accredited to offer ICB courses; and accredited for a specific course; the easiest way is to ask to see the accreditation certificate from the ICB.

The ICB provides each accredited provider with a certificate for that specific provider, and for that specific programme.

ICB QualificationsICB qualifications are divided into four different

areas of study. Financial Accounting, Public Sector Accounting, Business Management, Entrepreneurship, and Office Administration.

Depending on how you combine your subjects, you can build up to any of a number of high level qualifications, and eventually membership of the ICBA.

ICB CoursesTo study towards one of the ICB Qualifications,

you register with a course provider. The course provider is where you got for your

classes. Or, if you are doing home study, then the course

provider will send you your study material, help you with your course work over the phone, or in online study groups, marks your assignments, and keep pushing you to finish your course successfully.

ICB CoursesAt TWP Academy we courier the study material

to our students. Then we help them in their online study groups,

hosted with Together We Pass. In this way you are in an electronic classroom

every day, with your lecturer and your classmates.

Difference between Bookkeeping courses and

Accounting courses?Bookkeeping is the process of keeping record of

financial transactions. So as the bookkeeper, you make sure that all the

transactions are properly recorded. Usually this means you record every transaction in

a set of “books”, or in a software package like Pastel or QuickBooks.

Difference between Bookkeeping courses and

Accounting courses?Accounting is the interpreting, analysing and

summarizing of financial data. So it is one level above bookkeeping. An

accountant will be assisted by bookkeepers. The accountant makes sure that the bookkeepers

accurately record all the transactions. And the the accountant prepares and summarise

those transactions in the financial statements. The Accountant is also responsible for analysing

and interpreting the financial data.

Learner PortalThe ICB has recently introduced a Learner Portal.

Here students can do a number of things themselves. This is a “self-service” option for student who wants to:See and update their contact details with the ICBPay ICB fees onlineEnter for assessments (register for exams) and see

their results (this option only available for home study students)

Exams and Assessments

ICB home study students can write their exams four times a year. In February, May, August and November.

You usually have to register for an exam two or three months before the exam. So, if you are aiming for the February exams, you

need to be registered for them by the beginning of December.

Further Studies after ICB

Because of the relationship the ICB has with a number of prominent professional bodies, you can further your studies on the foundation of your completed ICB qualifications.

You can further your studies with any of the following bodies, that recognise your ICB qualifications.