What ICB Qualifications are there in Financial Accounting?

Accounting is a very large and busy field of work. The ICB offers courses in financial accounting for those who are passionate about it. The people who work in this industry are very driven and focussed. These individuals take a lot of pride in their work. If you think you have what it takes to be a Financial Accountant, keep reading!

 

ICB Qualifications and Accounting

Accounting entails the capturing and processing of financial information, usually for business entities. This line of work focusses mainly on accurate capturing of info and working with finances.

Accounting as a whole is one of the most important parts of any business. It helps management make informed decisions about the business. Keeping the finances in check allows them to function as they are supposed to. Which means that while the accountant has a lot of responsibility, the work they do is valued by their company.

Financial Accounting

Financial Accounting is the other Accounting programme in ICB Qualifications. This programme allows you to become an important part of any company. It teaches the skills you need to offer indispensable bookkeeping and accounting services. You only need Grade 10 to start this course. It is split up into four qualifications, each with a set of subjects.

 

National Certificate

This certificate proves your skills and knowledge to start your career in accounting. Bookkeeping skills are scarce in South Africa, meaning you will easily be able to find a job. This course grants you all the skills and knowledge to get your foot in the door with Accounting. Once finished with this course, you will be able to do monthly bookkeeping to trial balance, reconcile suppliers, inventory and bank statements and so much more.

 

FET Certificate

The Senior Bookkeeping certificate qualifies you as a Senior Bookkeeper, Junior Accountant or Assistant Accountant. This is a step higher than the Junior position, definitely a step in the right direction! Your potential duties include monthly bookkeeping, asset disposal, year-end statements and more. This position is also scarce in the country, so job opportunities are plenty.

 

National Diploma

  • ICB National Diploma: Technical Financial Accounting (24 Months)
    • Introduction to Business English
    • Bookkeeping to Trial Balance
    • Payroll and Monthly SARS Returns
    • Computerised Bookkeeping
    • Business Literacy
    • Financial Statements
    • Cost and Management Accounting
    • Income Tax Returns
    • Business Law and Accounting Control

This programme advances you into a more intense position. Not only can you start applying for management level jobs, but your overall knowledge increases a lot. Once done with this course, you will be able to support management in finance and accounting. You will also become a SAIT tac practitioner (after meeting their requirements).

 

National Diploma (Advanced)

  • ICB National Diploma: Certified Financial Accounting (36 Months)
    • Introduction to Business English
    • Bookkeeping to Trial Balance
    • Payroll and Monthly SARS Returns
    • Computerised Bookkeeping
    • Business Literacy
    • Financial Statements
    • Cost and Management Accounting
    • Income Tax Returns
    • Business Law and Accounting Control
    • Corporate Strategy
    • Management Accounting Control Systems
    • Financial Reporting and Regulatory Frameworks
    • Research Theory and Practice

This is an advanced programme, which means you will get really high recognition for your skills and abilities. You will be able to register with SIABA as an accounting officer. This level of achievement opens up many doors for you. Skills you learn include compiling annual financial statements and working with chartered accountants and auditors.

There are many levels of financial accounting. This makes it easier to start in a certain direction based on your own goals. So the sooner you start your studies, the better!

 

Last updated: 15 April 2019