National Certificate: Small Business Financial Management (ICB Foundation Level)

R11 510.00

This is the first qualification in the ICB Business Management stream and upon completion you will be able to demonstrate an understanding of the documentation, processing and recording of a business’s financial transactions. The course will also prepare you to communicate effectively with business stakeholders and show that you know what it means to be a general manager. You will further be able to cost and price products and manage working capital, as well as operate a personal computer.

Global learning Distance learning
Clock Start anytime
Calendar Study duration (Months)
Courier Study material & shipping
Accredited Quality council: QCTO
Certificate Certified by ICB & Fasset

Course code: C00830



Business Management 1 (BMT1)

Bookkeeping to Trial Balance (BKTB)

Business Literacy (BUSL)

Grade 11 (Std 9), NQF L3 or an equivalent.

Course type: Accredited

SAQA ID: NQF L4 (SAQA ID: 48736)

Minimum credits: 120

Quality assurance partner: The International Certifications for Business (ICB)

Quality council: The Quality Council for Trades and Occupations (QCTO)

Certification: National Certificate: Small Business Financial Management

Certification issued by: ICB and Fasset

Assessment information:

2 to 3 formative assessments per subject. Submitted to and marked by Optimi College.

1 Portfolio of Evidence per subject. All Portfolios of Evidence are digital. Your Portfolio of Evidence is completed on Macci, the ICB’s digital platform, when you register for your exam. The Portfolio of Evidence has a deadline determined by the ICB. You need to pass and complete your Portfolio of Evidence to be allowed access to the exam.

      • Phase 1: 1 assignment and 1 test (both online, auto-marked, open book)
      • Phase 2: 1 assignment and 1 test (both online, auto-marked, open book)
      • Phase 3: 1 assignment (download, complete, upload, hand-marked, open book)

1 final exam per subject. Online (hand-marked) or paper-based at a venue (hand marked)


Pass requirements:

      • 30% of your final mark comes from your Portfolio of Evidence.
      • 70% of your final mark comes from the final exam.
      • You need at least 50% in the final exam to pass.
      • You need at least 60% overall to pass.


Exam information:

Exams can be written in February, May, August and November each year.


Exam fees:

Please note that your exam fees are not included in the course fee and may be subject to change.

      • Annual student registration fee: R400.00
      • Exam fee per subject: R730.00
      • Exam late entry fee per subject: R550.00
      • Exam postponement fee per subject: R300.00
      • Exam re-mark and examiners report: R1 150.00
      • Private invigilator admin fee (Prior approval required): R2 000.00

Course fee: R11 510.00

DepositR1 510.00

Monthly instalment: R1 111.11

Payment duration: 9 months

Study duration: 12 months

Dedicated support team

Dedicated lecturer

Orientation session

Study calendar

Online student check-ins

Deep dive sessions

Live online lectures

Recorded online lectures

Interactive quizzes and exam preparation

Online forum interaction with peers and lecturer

Exam booking assistance

Study material and courier delivery included

Online classroom access