ICB Online Support

SACOB’S online classroom really put information into perspective for me regarding their ICB Bookkeeping to Trail Balance course I completed. It helped me achieve a 87%. Thanks SACOB!!

 

 

So what is the ICB pass mark?

In order to pass the ICB course you need to achieve an overall mark of 60% or higher. This grade is calculated based on your ICB coursework and the ICB exam. You must get at least 50% for the ICB exam regardless of your overall mark.

ICB coursework:

The work you do during your ICB course counts for 30% of your overall mark.

Your ICB coursework forms part of your Portfolio of Evidence (ICB POE). Once you have registered with the ICB for your ICB exam, you will be sent your ICB POE. During your ICB course you will need to complete the assignments and tests found in your ICB POE. You must complete all the assignments and tests before your ICB exam and include them in your ICB POE.

ICB exam:

Your ICB exam counts for 70% of your overall mark. You’ll take your ICB POE with you when you go to write your ICB exam. It is complete once your ICB exam is added to it.

Important: You need to make sure that everything is included in your ICB POE before you go to write your ICB exam. You cannot send the ICB anything else for your ICB POE after you have handed it in. Your ICB POE is then ICB examined by an ICB registered assessor, who uses it to determine whether or not you have passed.

What do I need to do to register for my ICB exams?

Register with the ICB and pay the annual ICB registration fee:

If it is your first time studying with the ICB, you will need to register with them via their ICB Student Portal (see www.icb.org.za) and pay the student ICB registration fee. This fee is due every year that you are studying with them.

Submit an ICB exam entry form and pay the ICB exam fee:

For each ICB subject you have chosen you will need to pay the ICB exam fee and submit an ICB exam entry form. This can be done via the ICB Student Portal. It is important that you register for your ICB exams before the cut off dates. You can view the due dates for ICB exam entries on the ICB website. Your ICB exam will be carried forward to the next ICB exam date if you do not get your entry in on time.

Once you have registered for your ICB exam, the ICB will send you your ICB POE. If you haven’t registered for an ICB exam, you won’t be sent a ICB POE and you will not be allowed to write any ICB exams. It takes around 3-4  weeks from submitting your forms and proof of payment to receiving your ICB POE.

Important: You can only write your ICB exam if you have entered before the closing date, paid the ICB exam fee and your ICB annual student ICB registration fee.

When and where are the ICB ICB exams?

ICB exams are written on specific dates set by the ICB at approved ICB assessment venues. You can find a list of the ICB exam venues here and the ICB timetable for dates here. Distance learning students can write ICB ICB exams in February, May, July, September and November. Before you attend your ICB exam, make sure that you have read and understood the ICB ICB exam Assessment Policy.

What if there are no ICB exam centres close to me?

You can apply to the ICB for a private invigilation at an additional cost.

Can I postpone an ICB exam?

Voluntary postponement:

If you are unable to write on the date you registered for your ICB exam, you can request to postpone your ICB exam. This needs to be done by the dates stipulated on the ICB timetable and you will need to pay an ICB exam postponement fee. If approved, the ICB will automatically assign your ICB exam to the next ICB exam date on their timetable. You can only postpone your ICB exam once.

Medical postponement:

You can apply for a medical postponement with a medical certificate. The ICB must receive this no later than two weeks after your original ICB exam date. Medical postponements are given at the discretion of the ICB and no fees are charged. If your postponement is granted, you will automatically be allocated to the next ICB exam date.

What happens if I miss an ICB exam?

If you are absent for a final ICB exam, did not postpone it in time, and don’t have a medical reason, you will forfeit the ICB exam fee and the opportunity to write. You’ll have to start the ICB subject over by re-entering for the ICB exam and getting a new ICB POE.

What happens if I do not pass my ICB ICB exam?

You can rewrite an ICB exam (get a supplementary ICB exam) once if you don’t pass the first time. You will, however need to rewrite the ICB exam within 12 months of your original ICB exam date and you will need to pay the rewrite fee.

We recommend that rewrites are done as soon as possible, as ICB subject content changes annually. You must get 60% or more to pass your supplementary ICB exam.

 

Key ICB Subjects Include:

ICB Bookkeeping to Trial Balance
Students will be able to prepare the books of account from source documents to the subsidiary journals to the general and subsidiary ledgers, trial balance, and the bank and creditors reconciliations.

 

ICB Business Literacy
Both communication and mathematics learning outcomes are covered at the same time. Effective business communication and numeracy is essential for any business practitioner. This course focuses on written and spoken communication as well as numeracy business tools such as fractions, decimal numbers, percentages, ratios, proportions, equations, interest rates and graphs.

 

ICB Computerised Bookkeeping
Students will be introduced to the computer, windows, email and internet as well as a study of Microsoft Office as an accounting tool. They will be taught how to keep the books of a business on a computerised accounting software package which is essential for any bookkeeper. The course also includes an in depth study of dedicated computerised accounting using industry leading software packages.

 

ICB Payroll and Monthly SARS Returns
It builds on a basic knowledge of bookkeeping the student will know more about VAT, basic conditions of employment, RSA statutory registrations, RSA payroll calculations and accounting, SARS efiling and a study of the ethics of a tax practitioner in South Africa.

 

ICB Cost and Management Accounting
It will enable a student to perform in a manufacturing environment, be able to complete basic management accounts, have a working knowledge of cost accounting, breakeven analysis, cost-volume-profit analysis, advanced costing, budgeting and standard costing, financial management and business ethics. An understanding of cost and management accounting is essential for any bookkeeper, accountant or office manager.

 

ICB Financial Statements
The outcomes of this ICB course is that a student will have a good understanding of year-end procedures via the trading-and profit and loss accounts; the interpretation of basic financial statements through a series of ratios; calculation and recording of depreciation; the disposal of depreciable assets in the journals and general ledger; disclosing the movements of non-current assets in the notes to the financial statements; the application of accounting concepts such as of accrual, matching prudence, cost and consistency to a set of financial records; preparing of the income statement and balance sheet (with notes) for a sole proprietorship, a partnership, a Close Corporation and a limited company; as well as the preparation of the statement of cash flow and applicable notes thereto for a limited company.

 

ICB Business Law and Accounting Control
The student will have a basic understanding of economics, personal finance, business law, accounting control and liquidation and executors’ accounts.

 

ICB Income Tax Returns
It is a comprehensive study of Income Tax, Capital Gains, Value-Added Tax, Turnover Tax, Estate Duty and Donations Tax. As a tax practitioner you require a working knowledge of all the components of Tax and will register as a member of the South African Institute of Tax Practitioners (SAIT) and be permitted to complete monthly and annual SARS returns on behalf of prospective clients.

 

ICB Corporate Strategy
It aims at redefining corporate strategy to rely less on objectives and competition but rather seeing an organisations big picture that is customer focused, sustainable and successful in the long – term. This course is an in-depth study of strategic management. It shows the impact of corporate strategy on a company’s ability to accelerate its sales, gain market leadership, and power up its revenue growth.

 

ICB Financial Reporting and Regulatory Frameworks
The purpose of this ICB course is to set out the principles and conceptual issues of IFRS, including their use in group statements. IFRS signifies a new era of financial reporting that will eventually touch thousands of companies across the globe. The broader a company’s international activities, the greater the effect of IFRS.

 

ICB Management Accounting Control Systems
The purpose of this ICB course is to develop in students a knowledge and understanding of the application of management accounting control and decision making techniques which will enable them to communicate effectively as accountants and managers. The evolution in the field of cost and management accounting has created a need for contemporary courses that help learners make the connection between basic accounting methods and serving the overall needs of the company.

4 comments on “ICB Online Support

  • Noko Moholola says:

    hi
    Applied knowledge
    , am struggling with chapter 7, 2.3 Elasticity of demand, i dnt undrestand where did they get the solution of percentage change in price =5% and percentage change in demand =+10% ,and PED =(10)/(5)=2

  • Ismail Haupt says:

    Hi Mase, A course advisor will be in touch with you today regarding your online materials.

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