ICB Financial Accounting Qualifications
Why study the ICB Financial Accounting Qualification? ?
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.
Not things have changed. You dont have to study at University, and a Bookkeeper can become an Accountant.
What is Bookkeeping?
Bookkeeping 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.
What Bookkeeping qualifications can I study
- 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)