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ICB - Institute of
Certified Bookkeepers
http://www.skillsacademy.co.za/icb-institute-certified-
bookkeepers/
The Institute of Certified Bookkeepers is
recognised by FASSET
 The 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 Bodies
 The 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 Bodies
 The 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)
SETAs
 In 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.
QCTO
 The 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 Qualifications
 ICB 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 Courses
 To 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 Courses
 At 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 Portal
 The 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 ICB
 Pay ICB fees online
 Enter 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.

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ICB: Institute of Certified Bookkeepers

  • 1. ICB - Institute of Certified Bookkeepers http://www.skillsacademy.co.za/icb-institute-certified- bookkeepers/
  • 2. The Institute of Certified Bookkeepers is recognised by FASSET  The 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.
  • 3. Professional Bodies  The 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.
  • 4. Professional Bodies  The 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)
  • 5. SETAs  In 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.
  • 6. QCTO  The 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.
  • 7. 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.
  • 8. ICB Qualifications  ICB 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.
  • 9. ICB Courses  To 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.
  • 10. ICB Courses  At 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.
  • 11. 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.
  • 12. 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.
  • 13. Learner Portal  The 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 ICB  Pay ICB fees online  Enter for assessments (register for exams) and see their results (this option only available for home study students)
  • 14. 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.
  • 15. 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.