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ICB National Diploma: Financial Accounting

Course Code ICB-FA04

Course overview 

Want to be able to offer indispensable bookkeeping and accounting skills, or become an accountant someday? This is the programme for you to build a lucrative career in accounting. No business can function without the critical expert skills of an accountant and financial manager. The performance of the business must be reported on and strategies and plans for improvement defined. The liquidity of the business must be monitored and controlled. These tasks require highly skilled and experienced individuals as part of the management team of the organisation. This qualification is the Advanced and Final Level of the ICB Financial Accounting Programme and will be achieved after successfully passing four intensive subjects. With this qualification you will be able perform the role of financial manager or management accountant in an organisation or take on other roles where your skills will be in high demand. Upon successful completion of this qualification, you may also elect to apply for membership with SAIBA and the SAIT and start your own consulting practice.

Who should take this course

This programme is ideal if you are:

  • Aiming to be employed in a finance department
  • Assisting with the finances of a growing company
  • Thinking of opening your own bookkeeping practice one day
  • Running your own business or want to start your own business

What you will learn

  • Subject 09: Corporate Strategy (CRPS)
  • Subject 10: Management Accounting Control Systems (MACS)
  • Subject 11: Financial Reporting and Regulatory Frameworks (FRRF)
  • Subject 12: Research Theory and Practice (RTAP) (Topic: Financial Accounting)

What you will be able to do

  • Compile annual financial statements
  • Register with SAIBA as an Accounting Officer (once you meet their requirements)

Which careers you can pursue

Students who complete this qualification could pursue a career as a:

  • Financial Accountant
  • Management Accountant
  • Financial Manager
  • Accounting Officer (via SAIBA)
  • Tax Practitioner

What you need to enrol

National Diploma: Technical Financial Accounting (SAQA ID 36213, Level 5)

How to enrol for this programme

You may enrol for the full qualification or choose the individual subjects from this programme you wish to study. Once you completed all the subjects of this qualification successfully you will be awarded the national qualification. Enrol with Triversita and register with the ICB as a student member (if you are a first time ICB student) and enter for assessment for the ICB programme and subjects you wish to be assessed on. You can do this online on the ICB website or download and complete the learner registration and assessment entry form available on www.icb.org.za for this subject and submit it along with the correct assessment fee to the ICB, showing the date you want to sit the assessment. You will receive an email from the ICB to confirm your assessment entry. Triversita will assist you with the process.

How tuition will be delivered

Distance Learning

How long you will study

12 Months Distance Learning

What materials you will receive

The programme fees include all study materials and postage expenses. Study materials include a textbook, study and solutions guide and a free USB drive containing videos and solutions playlists. The programme fee excludes ICB registration and assessment fees.

How much it will cost

Click here to download our Course Fee Schedule.

Distribution of Training Materials

Students who pay the full cash course fee will receive the training materials for all their subjects upon registration. Students who select the instalment payment option will receive their course materials for the first subject upon enrolment. Course materials for the following subjects in the enrolment programme will be distributed every three (3) months.

How you will be assessed

This programme is assessed by the ICB and involves three formative activities (assignments), two formative evaluations (tests) during your studies and one summative assessment (final examination) at the end of your studies. The assignments and tests are included in your Portfolio of Evidence (PoE) and counts 30% towards your final mark. You will hand in your PoE on the day you write your final examination. The final examination is written at an ICB assessment centre which is nearest to you and counts 70% towards your final mark. Final examinations are conducted quarterly in February, May, August and November for distance learning students.

Accreditation of the programme

This programme is accredited by the Institute of Certified Bookkeepers ICB) and registered at a NQF level 6 on the National Qualifications Framework (NQF) with SAQA ID No: 20366. Triversita (ICB provider accreditation number 301103) is accredited with the Institute of Certified Bookkeepers (ICB) to offer tuition for this programme.

What certificate you will receive

You must successfully complete both subjects that make up this qualification in order to receive the national diploma. Upon the successful completion of all the subjects in this programme you will receive the National Diploma: Financial Accounting: NQF L6 (SAQA ID: 20366).

How to get professional recognition

Upon completion of this programme, you may proceed to become a member of the Institute of Certified Bookkeepers and Accountants (ICBA) as a Certified Financial Accountant and be entitled to the use of the CFAIcba(SA) designation after your name.

How you can further your career

This National Diploma: Financial Accounting is the advanced and final level of the financial accounting programme of the Institute of Certified Bookkeepers (ICB). You will become eligible to apply for professional memberships at SAIBA (provided that you satisfy their membership requirements) and start your own consulting practice as an Accounting Officer. The Chartered Institute of Management Accountants (CIMA), Association of Chartered Certified Accountants (ACCA) and Chartered Secretaries Southern Africa also grants exemptions for certain ICB subjects for students who want to pursue advanced professional studies in finance, accounting and auditing.