The distinction between Bookkeeping and Accounting
Accounting and Bookkeeping are 2 sides of the very same thing. At the entry level, it is called bookkeeping. In accounting, you are dealing with the precise recording of all the deals of a business or department. You ensure that revenues an all expenditure are properly tape-recorded.
When you have really moved a couple of actions up on the ladder, you start reporting on the bookkeeping details, and you begin assessing the information. At the level where your task ends up being more intricate considering that you are likewise reporting and examining business monetary information, we start calling it Accounting.
So an Accountant is a senior Bookkeeper. And a Bookkeeper is a junior Accountant!
Why Study Bookkeeping?
In South Africa, bookkeeping and accounting are scarce skills. That implies that both industry and government identify that we have a shortage of accountants and accountants. The government body for certifications in the monetary sector, FASSET, has actually done a study on scarce skills in 2015. From that study, they released their Scarce Skills Guide 2015.
FASSET is the SETA for Finance, Accounting, Management Consulting and other Financial Services. In their scarce skills direct they recognized the following as scarce skills:
These are all positions for which an ICB accounting course will prepare you properly. Your accounting certification will guarantee that you are constantly in need. It is a fantastic profession that can take you to the greatest level in an organisation.
The deficiency of accounting abilities also affects government departments. All government departments have accounting and accounting divisions. And they work every year to obtain a successful audit. To obtain a clean audit implies that they need qualified, certified, dedicated and experienced accounting and accounting staff and supervisors.
As a certified bookkeeper or accountant, you will constantly stay in demand. Either in private organisation or in a government department, which can include both towns, along with bigger national government departments.
Can I study ICB Bookkeeping if I don’t have a Matric Certificate?
Yes, you can study ICB Bookkeeping without Matric.
All the ICB courses begin at NQF level 3. And they go up to NQF level 6. In contrast, matric is at NQF level 4. So these courses are offered for a trainee who do not have matric. Students begin at a level listed below matric. Keep studying the programme, and course by course you will increase up the NQF level 6, which is 2 levels higher than matric.
The ICB has actually developed their courses to assist trainees who did not total school, and who has to work and study at the same time. So you begin with the simple concepts and work, and construct on that foundation, till you are eventually a professional!
As a home study student, you can study an hour after work, three or 4 times each week. With 5 assessment chances in 2017, you know that as quickly as you are ready, you can sign up for the next examination.
As you progress through the program, you will get recognition at the numerous levels. After ending up the first 4 subjects, you will get your very first qualifications from FASSET, and your very first ICB Programme Certificate.
As you total each level, you will get accredited by the ICB. You will get an ICB Certificate. As you complete the various courses inside the levels, you will get recognition from FASSET in the type of your official credentials from FASSET.
Wish to study to end up being a Junior Bookkeeper?
Our ICB National Certificate in Bookkeeping course is perfect for students who desire to operate in a junior accountant position. This course consists of four subjects and will take sixteen months to complete. In order to study this course, you have to be at least sixteen years of age and have a grade 10 certificate. No previous bookkeeping or accounting understanding is needed.
National Certificate: Bookkeeping (NQF Level 3) – Foundation Level
The foundation level is the beginning point for lots of students. If you did not do that well at school, or you stopped attempting matric, or you have in fact not studied for various years, then the foundation level helps you bridge the gap and get back into studying.
Academically the level is NQF 3. That is the level listed below matric, so we understand that trainees with Grade 10 (Standard 8) will be able to handle the scholastic level of the work.
You do not need any previous accounting or accounting knowledge if you begin at this level. And you require being at least 16 years of age to be accepted into the program.
To finish this level you need to pass 4 subjects. The suggested time to finish this level is 12 months. Distance learning trainees can use up to 18 months.
Wish to study to become a Senior Bookkeeper?
The ICB Further Education and Training Certificate in Bookkeeping course will prepare you for a senior bookkeeper position. The entry requirement for this course is a National Certificate in Bookkeeping. The study period for this course is six months and there are just two topics to finish.
FET Certificate: Bookkeeping (NQF level 4) – Intermediate Level
The intermediate level is for students who have actually effectively completed the foundation level. It is your 2nd action on the ladder to ending up being a Financial Accountant.
To enter this level, you should have passed the foundation level. That means you should already have your National Certificate: Bookkeeping to enter this level.
To complete this level you require to pass 2 topics. Various trainees complete this level in 6 months. Distance learning trainees can use up to 9 months to complete this level.
Upper Intermediate Level
Desire to study to become a Technical Financial Accountant?
To become a certified technical monetary accounting professional, you should study the ICB National Diploma in Technical Financial Accounting course. In order to study this bookkeeping course, you initially need to get a Further Education and Training Certificate in Bookkeeping. This course takes about 6 months to finish and there are two topics to work through.
National Diploma: Technical Financial Accounting (NQF level 5) – Upper Intermediate Level
At this level, you move from Bookkeeper to Accountant. If your dream is to wind up being an Accountant, then this level will get you there!
To enter this level you have to have actually passed the Intermediate level. That implies you must have your FET Certificate: Bookkeeping to acquire entry to the Upper Intermediate Level
To finish this level you require to pass 2 topics. The advised time of study is 6 months. Home Study students can consume to 9 months to finish this level.
Desire to study to become a Financial Accountant?
If you are dreaming about running your very own bookkeeping/accounting practice, you need to study the ICB National Diploma in Financial Accounting. You need a National Diploma in Technical Financial Accounting to study this course. You will need to complete 3 topics in the duration of nine months.
You could likewise study the Public Sector National Diploma in Financial Accounting course to get a monetary accountant classification. Nevertheless, you first need to finish the National Certificate in Public Sector Accounting and Diploma in Public Sector Accounting course before you can proceed to the financial accounts course. This course will likewise take 9 months to complete.
National Diploma: Financial Accounting (NQF level 6) – Advanced Level.
This is the highest level of ICB research studies. Here you will get your National Diploma: Financial Accounting (NQF Level 6). To enter this level you need to have passed all the previous levels. So that indicates you require to be in belongings of your National Diploma: Technical Financial Accounting.
To pass this level you must effectively complete 4 subjects. Students usually take around 12 months to finish this level. Distance learning students can take a bit longer, clearly.
Being completely identified methods that the college has actually obtained accreditation to the Institute of Certified Bookkeepers. After sending a portfolio of documents to corroborate the application, each college is gone to by a quality control supervisor from the ICB. At the college website a variety of things are inspected, to make sure the college is effectively able to offer these ICB courses.
A few of the important things a college must show at a website evaluation from the ICB are their financials, quality study materials, proper systems and procedures to provide distance learning, certified personnel, a tax clearance certificate and an OHS certificate to reveal that the college is safe for personnel and trainees.
After efficiently passing the site examinations, these colleges got their accreditation from the ICB. That means they have an accreditation certificate for each ICB program that they are acknowledged to offer.
ICB Learner Portal
The ICB has a trainee website for home study trainees. Through the ICB trainee website, you can access a range of self-service functions. You can similarly ask your college to access these functions in your place if you do not have internet access to, or if you have a tough time to utilise the portal.
Some of the things you can do via the learner website are:
View and modify your individual and contact information
Order a reprint of a certificate you achieved
Pay your ICB fees (Credit Card).
Register for Exams.
See your Exam Results.
ICB Bookkeeping Courses Fees.
There are a number of various costs that you must prepare for if you are going to study an ICB course. Here are a few of the major expenses you need to comprehend and plan for:.
Study costs with your distance learning college.
Textbook costs. Some colleges will include this in your course costs.
Courier charges. Skills Academy includes this in your course fees.
Examination charges. Usually, you pay this directly to the ICB, so it is not consisted of in your course fees.
ICBA Student Membership fees. These costs are generally not consisted of in your course fees.
ICB Student Registration fees. This is a yearly charge that is typically not consisted of in your course charges.
When you choose to study an ICB qualification, you have to keep in mind a variety of things that all kind part of your ICB Registration, being:.
Yearly ICB Student Registration.
Registration with a home study college.
ICB Exam Registration.
The ICB offers 5 exam sessions to home study trainees in 2017. You need to ensure you understand the exam fees. And it is critically important that you register for your test, three months prior to you plan to write the test.
You can not come to the test centre and expect a seat and an examination paper if you have actually not registered for that examination.
Last Updated, 5th May 2017