ICB results 2016
The ICB results 2016 are where you can see when your results are going to be released every year. We know that waiting for results is a real cause of stress for students, so understanding how the process works ensures that you can remain calm.
ICB exam results take about 6 weeks before they are released.
ICB registration is only done after you have signed up with a provider, for example with our private college TWP Academy. Once you have registered with TWP Academy you will go onto the ICB learner portal and register with the ICB, paying your annual membership fee.
Remember that you have to pay the membership fee to ICB every year, so if you study faster you will pay less in membership fees to the ICB.
The ICB exams happen 4 times a year. You need to know the ICB exam timetable so that you know when the cutoff dates is for each session.
You also need to understand how the ICB exams and assessments work, as the exam is not the only part of your course that counts towards your final mark.
ICB timetable 2017
The ICB timetable 2017 shows you exactly when each the cutoff date is for registering for an exam sitting is, the date of the exam, and the date that the results will be released.
Remember to look up the exam dates each year, as they will vary from year to year.
ICB Prospectus 2017
The ICB Prospectus 2017, otherwise known as the ICB Brochure 2017, is a very good resource in your ICB studies. Not only does it explain how everything works, and how the programs are put together, but it also gives you the exam timetable and loads more really important information.
ICB Qualifications offered by TWP Academy
We know that home study students need more than to receive their books, and then be left to your own devices to struggle through alone. At TWP Academy we are dedicated to providing students with high quality distance learning education, with lots of extra information and contact from us to ensure that you keep focused, understand the course content and are ready for your final exams.
We focus on improving access to education, and it is our goal to make sure that each of our students is given the academic support that he or she needs to succeed.
TWP Academy offers various accredited qualifications in the bookkeeping and accounting field. The most popular qualification that we offer is the financial accounting program. We will discuss this at length, and then list our other qualifications briefly thereafter.
ICB Financial Accounting Programme
Every company needs someone in the organisation to look after the books.
If a company fails to keep good financial records it is not only putting itself at risk of failing due to bad financial management. They also put themselves at risk of breaking the laws that voern business. Thus it is very important that every company has an excellent finance team that has financial accounting training.
Financial accounting is a very important part of the organisation that keeps tabs on a company’s financial transactions. These transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet using standardized guidelines.
If you want to become an accountant one day, this is the right stream for you. You will learn how to do bookkeeping, financial accounting, income tax, financial management, reporting standards, corporate strategy, management accounting and research.
Remember this course takes you up to national diploma level. You will be to switch over to study with ACCA or CIMA if wish you take your studies further and become a registered accountant.
ICB Financial Accounting Foundation Level
This qualification will take you 10 months, and you can be a Junior Bookkeeper, Accounts Clerk, Reconciliation Clerk, Payroll Clerk, Accounts Payable/Receivable Clerk once you have completed all your exams.
The ICB Financial Accounting foundation level has four subjects, and you qualify for the National Certificate in Bookkeeping once you have passed the exams. That means you get your first qualification after studying just 4 subjects.
You need to be 16, and how a grade 10 or equivilent to study this program, and you don’t need in prior accounting knowledge. That means this is written assuming you know nothing about accounting so there is no need to be intimidated.
- Bookkeeping to Trial Balance (BKTB)
- Payroll and Monthly SARS Returns (PMSR)
- Computerised Bookkeeping (CPBK)
- Business Literacy (BUSL)
You will be able to do monthly bookkeeping to trial balance (manual and computerised); disclose profit and financial position; reconcile suppliers, inventory and bank statements; calculate PAYE/UIF/SDL; payroll tax and other deductions; EMP201, EMP501, IRP5, IRP6 and IT3a documents and VAT returns once you have completed this course.
ICB Financial Accounting Intermediate Level
You can only do this course if you have completed the foundation level course, or are exempted from it by the ICB. At the Intermediate Level, you will hold the FET Certificate in Bookkeeping once you qualify. This will take you about 6 months to complete.
You will be able to work as a senior bookkeeper, junior accountant, assistant accountant, financial services officer, credit controller or business analyst.
The subjects you will complete at this level are:
- Financial Statements (FNST)
- Cost and Management Accounting (CMGT)
After completing these subjects you will be able to do monthly bookkeeping, asset disposal, year-end adjustments, International Financial Reporting Standards for SMMEs, branch accounts, incomplete records, analysis of financial statements, understand cash flow, basic cost and management accounts, prepare manufacturing accounts, costing and budgeting.
ICB Financial Accounting Upper Intermediate Level
This level should take another 6 months to complete, and there are two further subjects. Entry requirements are are that you have successfully passed the exams for subjects 1 to 6 listed above.
Once you have your National Diploma: Technical Financial Accounting qualification you will be able to work as a Technical Financial Accountant, Financial Manager, Financial Services Manager, Accounting Technician or a Tax Technician.
The subjects you would need to complete are:
- Income Tax Returns (ITRT)
- Business Law and Accounting Control (BLAC)
You will be able to complete a full set of accounts for a financial year, support management in finance and accounting, become a SAIT tax practitioner (once you meet their requirements), know the ins and outs of accounting, taxation (individuals and companies), auditing and business law.
ICB Financial Accounting Advanced Level
This last level takes a further year to complete and you need to hold all 8 of the first modules in order to qualify to take this qualification, or equivalent. Once you have passed the final 4 subjects you will hold a National Diploma in Financial Accounting, which is on NQF level 6.
You will now be able to hold any one of the following job titles: Financial Accountant, Accounting Officer (via SAIBA, if you meet their criteria), Tax Practitioner, Tax Consultant, Management Accountant or Assistant Manager.
You will need to complete the following subjects:
- Corporate Strategy (CRPS)
- Management Accounting Control Systems (MACS)
- Financial Reporting and REgulatory Frameworks (FRRF)
- Research Theory and Practice (by short dissertation; topic Financial Accounting) (RTAP)
You will now be able to Compile annual financial statements; register with SAIBA as an Accounting Officer (once you meet their requirements); work with Chartered Accountants and Auditors; have a thorough knowledge of accounting theory and practice, corporate strategy and International Financial Reporting Standards.
Further ICB programmes offered by TWP Academy
Although Financial Accounting is the most popular course, TWP Academy has a number of other courses that cater to more specialised requirements that our students may have.
ICB Entrepreneurship Programme
This is an ideal programme for the financially-minded individual who has dreams to start, manage or develop a small/medium sized business, or want to help grow an established local company to a global enterprise. The ICB Entrepreneurship Programme has three levels:
Foundation Level. At this level, one qualifies for the National Certificate in Small Business Financial Management. With this certificate on can start your own business or join a startup company.
Intermediate Level. At this level, one qualifies for the Higher Certificate in Office Administration. With this certificate you can start your own business or join a startup business as their financial person.
Advanced Level. At this level, one qualifies for the National Diploma in Financial Accounting. With this qualification you can be a Financial Accountant, Chief Financial Officer in an entrepreneurial environment, Business Consultant, Business Advisor or an Accounting Officer (via SAIBA, if you meet their criteria).
ICB Public Sector Accounting Programme
Public Sector Accounting is an accounting method used in central and local governments and other non-profit public sector entities. TWP Academy offers the following ICB accredited public sector accountant courses:
Foundation Level. At this level, one qualifies for the National Certificate in Public Sector Accounting. With this certificate, one can be a Public Accounts Administrator
Intermediate Level. At this level, one qualifies for the Diploma in Public Sector Accounting. With this Diploma, one can be a Technical Public Accountant or an Accounting Technician in the public sector.
Advanced Level. At this level, one qualifies for the National Diploma in Financial Accounting. With this Diploma, one can be a Public Sector Financial Accountant, Financial Accountant or an Accounting Officer (via SAIBA, if you meet their criteria)
ICB Business Management Programme
Business management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively. The ICB Business Management Programme has three levels:
Foundation Level. At this level, one qualifies for the National Certificate in Small Business Financial Management. With this certificate, one can be a Assistant or administrator in human resources, office management, legal, administration, public relations, marketing, sales, customer relations. Junior Researcher, Junior Analyst, or Sales Assistant.
Intermediate Level. At this level, one can qualify for the Higher Certificate in Office Administration. With this qualification, one can be a Senior Office Administrator, Secretary, General Office Manager, Human Resources Manager, Labour Relations Manager, Field/Floor/Store/Department Supervisor or a Customer Service Manager.
Advanced Level. At this level, one qualifies for the National Diploma in Financial Accounting. With this diploma, one can be a Financial Accountant, Accounting Officer (via SAIBA if you meet their criteria). Field/Floor/Store/Department Manager, Key Account Manager, Business Manager, Business Consultant, Business Advisor, Service or Sales Manager.
ICB Office Administration Programme
This stream is for people who aspire to become business administrators or office managers. These are people mainly responsible for making sure that everything goes as planned and that problems get attended to in a business. The business administrator or office manager also oversees the tasks of all other office staff and keeps them motivated to ensure a positive office environment. The ICB Office Administration Programme has three levels.
Foundation Level. At this level, one qualifies for a Certificate in Office Administration. With this qualification, one can be a Junior Office Administrator, Receptionist, Office Assistant, Public Relations Officer or a Marketing Administrator.
Intermediate Level. At this level, one can qualify for the Higher Certificate in Office Administration. With this certificate, you can be a Senior Office Administrator, Secretary, General Office Manager, Human Resources Administrator or a Labour Relations Administrator.
Advanced Level. At this level, one qualifies for a Diploma in Office Administration. With this qualification, one can work as a Office Manager, Public Relations Manager, Administrative Manager