ICB Financial Accounting – Foundation Level

This programme is the first level in the ICB Financial Accounting Programme. The Junior Bookkeeper can complete all the functions of the Accounts Clerk, Debtors Clerk, Creditors Clerk and Payroll Clerk and is an integral member of the accounts department in any organisation. The programme includes a study of business communication and numeracy, basic bookkeeping to trial balance, basic conditions of employment, SARS registrations and submissions, payroll bookkeeping and computerised accounting.

This study option includes:

ICB Business Literacy

ICB Bookkeeping to Trial Balance

ICB Payroll and Monthly SARS Returns

ICB Computerised Bookkeeping

ICB Annual Registration Fee

Exam Booking Subject 1

Exam Booking Subject 2

Exam Booking Subject 3

Exam Booking Subject 4

Log in or create an account to see course fees


Do you have a firm understanding of numbers, a passion for accounting or the desire to run your own business? If so, managing finances and drawing up official statements could form an essential part of your future. SACOB can help you lay a strong foundation for your auditing career by offering you online the Foundation Level for the ICB Financial Accounting Programme.

With this qualification, you can act as an account, creditor, debtor and payroll clerk, calculating monthly remunerations and returns, as well as reconciling bank and supplier statements. These duties are integral to the successful administration of a business. By developing the skills needed to function in this area, you?ll become an indispensable member of the workforce.


Institute of Certified Bookkeepers as a Quality Assurance Partner of the QCTO.


National Certificate: Bookkeeping NQF L3 (SAQA ID: 58375)


Junior Bookkeeper
Accounts Clerk
Reconciliation Clerk
Payroll Clerk
Accounts Payable/Receivable Clerk


You have to be at least 16-years old and have passed Grade 10 (Standard 8), or have an equivalent qualification. You don?t need any previous accounting knowledge or experience, as our foundation level courses teach you all the basics.


9-12 months


ICB Business Literacy
ICB Bookkeeping to Trial Balance
ICB Payroll and Monthly SARS Returns
ICB Computerised Bookkeeping


Home Study Package

SACOB Online Classroom



Portfolio of Evidence, including assignments and tests. 60% to pass

Final ICB Exam

What's next

You are now eligible to further your studies with SACOB and ICB and can enroll in the ICB Financial Accounting - Intermediate Level

4 comments on “ICB Financial Accounting – Foundation Level

  • Info@sacob.com says:

    Hey Leandra!

    I trust you are well. You Course Advisor is standing by to assist you.
    Please click the “Call me back” button and your Course advisor will give you a call with more detailed information specific to your situation.

    If you have any other questions please don’t hesitate to ask.
    We are here to help!

  • Lsmith1986 says:

    good day

    I already have studies bookkeeping to trail balance do I still need to study from ICB Payroll and Monthly SARS Returns


  • Kelly Booysen says:

    Hi Bernadette

    I trust you are well
    Yes you are welcome to enroll for one or 2 subjects at a time.
    If you are planning to write your exam in November this year or February next year for the latest then I would suggest you only enroll for one or 2 subjects now and the remaining 2 next year.
    You choose when you are ready to write your exam ( bare in mind that study materials do update annually)

    If you do choose to start this year then you will be avoiding the increases of tuition fees next year.

    I trust this answers your questions and provide more clarity ๐Ÿ™‚

  • Bernadette237 says:

    I only want to register two of the four subjects now and see if I can manage to enrol the other two in November. I don’t know how my time will be affected and I don’t want to waste money if I need more time to complete the foundation year?

Leave a Reply