Financial Accounting – LEVEL 1

Financial Accounting – LEVEL 1

Course Fee: R15,671.00

National Certificate: Bookkeeping Foundation

Equip yourself with the knowledge and practical skills in bookkeeping and financial accounting and become the employee that employers want.

This is the first level of the ICB Financial Accounting Programme. Once you have completed the 4 subjects of this level, you  will have completed the ICB Financial Accounting: Foundation Level of this and achieve the National Certificate: Bookkeeping.

Keep studying and you’ll progress through the Intermediate levels to the final and most Advanced Level, a Financial Degree.

Course content

The ICB Financial Accounting Programme starts with level 1, which is the National Certificate: Bookkeeping Foundation NQF3. The programme consists of 12 subjects that build on each other.

In the Foundation level, you will complete 4 subjects, and after successful completion you will be able to proceed to the next level. The four subjects of the National Certificate Bookkeeping Foundation are:

1. Business Literacy

Designed to equip you with the basic numerical and communication skills required to operate effectively in business.

2. Bookkeeping to Trial Balance

Introducing you to source documents, the rules of double entry, subsidiary journals, the general ledger, bookkeeping for the different inventory systems and bank and creditors reconciliations.

3. Payroll & Monthly SARS Returns

This module will introduce you to payroll and the Basic Conditions of Employment Act as well as basic business ethics. Learners will be able to complete the payroll function from the bookkeeping perspective. You will also learn how to complete SARS payroll returns (EMP201, IRP5, IT3a, IRP501) as well as how to complete the VAT201 return.

4. Computerised Bookkeeping

It is essential that the bookkeeper be able to complete the monthly bookkeeping function on a computer. In this module you will learn how to do bookkeeping using Microsoft Office and a computerised accounting package, Pastel.

What can my job title be?

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

Additional information


Once off full payment, 4 months, 8 months, 12 months

How to study this programme

The National Certificate: Bookkeeping Foundation is broken down into 4 subjects, which are entered and examined individually by the ICB.

The Institute of Business Management – IBM is your training provider while the ICB (Institute of Certified Bookkeepers) is the examining body.

Once you have passed all subjects in a qualification, the qualification is awarded by the ICB and FASSET. You may then proceed to the FET Certificate Intermediate Bookkeeping (NQF 4) qualification.

Learner Assistance

You will be assigned a learner assistant that will help you throughout the duration of your studies for up to one year.

Professional Designation

Junior Bookkeeper


12 Months


  • National Certificate: Bookkeeping Foundation
  • NQF Level 3
  • ICB & QCTO Certification
  • SAQA Qualification ID: 58375
  • Credits: 120
  • Subjects: 4

Entry Requirements

  • Grade 10 or equivalent
  • No prior accounting knowledge needed
  • You must be at least 16 years old

Course Fee

R 15 671

The course fee includes textbooks, delivery and learner support for up to one year, but does not include the exam fee (R 730) and annual ICB registration fee (R 400).

Additional costs for delivery outside South Africa.

As soon as payment is received we order the first set of textbooks and  prepare your study pack for dispatch. You can pay in full, or make an initial payment of R 3 200 followed by monthly installments.

Installment Payment Options


4 Months 8 Months 12 Months
1st payment R 3 400 1st payment R 3 400 1st payment R 3 400
R 4 157 p/m x 3 R 1 811 p/m x 7 R 1 171 p/m x 11

(Installment options incur finance fees)

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