Coastal KZN FET College is offering the ICB Bookkeeping Programme in partnership with Summat Institute. Summat is accredited by the Institute of Certified Bookkeepers (ICB), FASSET and LGSETA.
ICB qualifications are internationally accredited and offer the successful learner a lucrative career in accounting and finance.
QUALIFICATION
ICB Bookkeeping qualification is offered in three levels:
Junior Bookkeeping (NQF3) R 5 500,00 (Full course)
Senior Bookkeeping (NQF4) R 6 000,00 (Full course)
Technical Accounting (NQF5) R 8 500,00 (Full course)
CERTIFIED JUNIOR BOOKKEEPER MODULES
Bookkeeping to Trial Balance R 2 500,00
Payroll & Monthly SARS Returns R 2 500,00
Computerized Bookkeeping R 1 000,00
The Junior Bookkeeper Job Functions
Completion of the monthly bookkeeping function to trial balance. The Accounts Clerk function.
Debtors Clerk function
Supplier statement reconciliation - Creditors Clerk function
Inventory systems and bank statement reconciliation
Payroll Clerk function from a bookkeeping perspective including calculation of PAYE/SDL/UIF remuneration and the monthly EMP deductions and completion of the monthly EMP201 returns
Completion of annual IRP 5, IRP 6 and IT 3a documents, IRP 501 and VAT201 return using both the manual submission system and E-Filing.
Junior Tax Administrator (JTA) status as a member of the South African Institute of Tax Practitioners being permitted to complete SARS returns other than Income Tax assessment returns.
CERTIFIED SENIOR BOOKKEEPING MODULES
Financial Statement R 3 250,00
Cost & Management Accounting R 3 250,00
The Certified Senior Bookkeeper Job Functions
Completion of the monthly and annual bookkeeping function.
Skills for depreciable asset disposal, year-end adjustments, preparation and analysis of financial statements for sole proprietorships, partnerships, close corporations, companies and a thorough understanding of cash flow statements.
Completion of basic management accounts and a working knowledge of cost accounting; including knowledge of breakeven analysis, cost-volume-profit analysis, advanced costing, budgeting and standard costing, financial management and business ethics.
Assistant Tax Technician (ATT) status as a member of the South African Institute of Tax Practitioners being permitted to complete SARS returns other than Income Tax assessment returns.
CERTIFIED TECHNICAL ACCOUNTANT MODULES
Business Law & Accounting Control R 3 400,00
Income Tax Returns R 3 400,00
Business Literacy R 2 300,00
The Technical Financial Accountant Job Functions
Ability to operate with management in an accounting environment
Comprehensive knowledge of bookkeeping, financial accounting, management accounting, cost accounting, personal and business taxation, business law and accounting control.
Thorough knowledge of personal and business taxation and of the Income Tax Act.
Working knowledge of business law and accounting control (the audit function), including basic contract and insurance law, insolvency law, internal and computer auditing
Certified Tax Technician (CTT) status as a member of the South African Institute of Tax Practitioners with a tax practitioner’s number allowing him/her to complete monthly and annual SARS returns on behalf of a client.
Enrolment Requirements
The following are the registration requirements: Learners must be at least 16 years old.
Learners must have a minimum of Grade 10.
Assessment
In each programme, the learner will be assessed through a collection of formative assessments as well as a summative assessment (Final Exams).
The formative assessments will account for 30% towards the overall mark whilst 70% will come from the exam. The assessment will be done by the Institute of Certified Bookkeepers.
