ICB Financial Accounting – Foundation Level

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The National Certificate: Bookkeeping (previously referred to as the ICB Financial Accounting: Foundation Level) is the first of 4 qualifications when working your way up to the National Diploma: Financial Accounting (previously referred to as the ICB Financial Accounting: Advanced Level). It provides you with the skills to complete all the functions of an 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. Whether you choose to use this qualification as a stepping stone to the next qualification or to use it to gain employment straight away, you will be equipped with valuable knowledge and skills.

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Description

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.

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.

Accreditation

This qualification is a QCTO registered qualification with the ICB as the current examining partner.

Qualification

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

Designation

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

Requirements

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.

Duration

9-12 months

Subjects

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

Packages

This course is available via two comprehensive support packages, Online Standard and Online Premium. Each Package includes the following:

Online Standard:
- Textbooks
- Introduction Video
- Exam Info
- Q & A Platform
- Concept Videos
- Forums
- Exam Timetable
- Study Schedule
- A Mock Exam & Solutions

Online Premium:
- Textbooks
- Introduction Video
- Exam Info
- Q & A Platform
- Concept Videos
- Forums
- Exam Timetable
- Study Schedule
- Multiple Mock Exams & Solutions
- LIVE Webinars via Zoom
- Recording of the LIVE Webinars
- Quizzes
- Exam Walkthrough (Pre-recorded)

Assessment

Portfolio of Evidence, including assignments and tests.

Final Exam via ICB as the external examining body

Pass mark of 60% is required

What's next

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