Our ICB financial accounting qualification will make you highly employable, and give you access to almost any industry. These courses are all fully accredited, and once you have completed your Diploma at NQF level 6 you will be two levels higher than a Matric.
ICB financial accounting qualification with TWP Academy
Why study the ICB Financial Accounting Qualification?
Our ICB financial accounting qualification will allow you entry to any number of industries that you may be interested in. The accounting profession is an exciting platform for all types of business. Be it mining, retail, health care, education, insurance, government or any type of business every business requires a Qualified Bookkeeper and Accountant. Previously it was only possible to become and Accountant in South Africa if you attended a University.
Now things have changed. You don’t have to study at University, and a Bookkeeper can become an Accountant.
What is Bookkeeping?
Bookkeeping is the same as accounting, but describes the lower level functions of accounting. In reality a bookkeeper is a junior accountant, and an accountant is a senior bookkeeper.
Bookkeeping and accounting involves keeping up-to-date and accurate record of all the money and/or goods in a business. Without bookkeeping, it would be impossible to keep track of where they money goes. It helps you to know whether or not you are making a profit and it makes planning ahead much easier.
Keeping the books means that you have to make a specific note of all money coming in and going out of the business. You must also make a note of all the money that is owed to the business and of all the money that the business owes to others.
Proper bookkeeping makes it possible for companies and other organisations to comply with financial regulations and to meet their tax obligations. Without accurate financial records, organisations would not be able to determine their tax liabilities, which would result in penalties being imposed by the local tax collection authorities.
All entities, whether they are public or private, for profit or not for profit, need to keep these careful accounts. That mean’s that with an accounting or bookkeeping qualification you will be to work in just about any industry that interests you.
What Bookkeeping and accounting qualifications can I study?
ICB financial accounting qualification has 4 levels, starting from a Certificate and ending with the National Diploma. Remember you need to complete each level before you will be allowed entry into the following level.
- ICB Junior Bookkeeper National Certificate: Bookkeeping NQF L3 – SAQA ID 58375
- ICB Senior Bookkeeper FET Certificate: Bookkeeping NQF L4 – SAQA ID 58376
- ICB Technical Financial Accountant Bookkeeper National Diploma: Technical Financial Accounting NQF5 – SAQA ID 36213
- ICB Financial Accountant National Diploma: Financial Accounting NQF L6 – ID 20366 (ICB Designation – Financial Accountant)
Last updated : June 15 2017