icb-financial-accounting

ICB National Diploma: Certified Financial Accounting

College: The Learning Group
Course: National Diploma: Certified Financial Accounting
School: Business School
Programme Type: Partner Programme
Partner Institute: ICB – The Institute of Certified Bookkeepers
Award Type: National Diploma
Award Issued by: FASSET
Accredited by: FASSET
SAQA ID: 20366
NQF Level: L6
Course Duration: 48 – 60 months
Entrance Criteria: Grade 12 (or equivalent), AND
Successful completion of the ICB National Diploma:
Technical Financial Accounting OR Be a qualified Certified
Technical Financial Accounting

 

What is Certified Financial Accounting?

Certified Financial Accountant is primarily responsible for, amongst other functions:

• All Financial Accountant functions,
• The Accounting Officer functions,
• Preparation of annual financial statements,
• Signing off annual financial statements of close corporations,
• Working closely with the Chartered Certified Accountant and Registered Auditor,
• Thorough knowledge of corporate strategy, management accounting control systems, financial reporting and regulatory frameworks (particularly IFRS), and accounting theory and practice.

Entrance Requirements

Grade 12 (or equivalent), AND
Successful completion of the ICB National Diploma: Technical Financial
Accounting OR Be a qualified Certified Technical Financial Accountant

Programme Duration

Recommended 48 – 60 months of study

Programme Outcomes

In order to complete the Certified Financial Accounting National Diploma, students must complete all of the following Subjects:

The subjects from National Certificate: Bookkeeping (Junior Bookkeeper):

• Business Literacy
• Bookkeeping to Trial Balance
• Payroll and Monthly SARS Returns
• Computerised Bookkeeping
• Financial Statements
• Cost and Management Accounting
• Income Tax Returns
• Business Law and Accounting Control
• Corporate Strategy
• Management Accounting Control Systems
• Financial Reporting and Regulatory Frameworks
• Accounting Theory and Practice

AND

The subjects from the FET Certificate Bookkeeping (Certified Senior Bookkeeper):

• Financial Statements
• Cost and Management Accounting

AND

The subjects from the National Diploma: Technical Financial Accounting:

• Income Tax Returns
• Business Law and Accounting Control

AND

The subjects from this qualification, the National Diploma: Certified Financial Accounting:

• Corporate Strategy
• Management Accounting Control Systems
• Financial Reporting and Regulatory Frameworks
• Accounting Theory and Practice (Please note that there is a Dissertation required for this subject.)

Assessment and Award

Assessment is based on the submission of a Portfolio of Evidence (PoE) which will comprise of 3 formative activities, 2 formative evaluations and one summative assessment. PoE assessment comprises formative / interim assessment of activities (assignments) and evaluations (tests) that count 30% towards the total mark. A Summative Assessment (final exam) contributes to the remaining 70% of your marks. The PoE is basically a file containing all the evidence necessary for a learner to be declared competent against the relevant outcomes.

Accreditation

Please note that this programme is accredited by FASSET.

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