So you’re thinking of signing up for
an ICB course but you’re wondering how much
the ICB registration costs will be? What courses can you study? Wonder no more. This guide will help you understand the ICB Costs and more.
What Courses can I Register for?
The Institute of Certified Bookkeepers (ICB) has five different study programmes that you can sign up for. These are Entrepreneurship, Business Management, Financial Accounting, Office Administration, and Public Sector Accounting. Each of these courses has been designed to give you a full set of skills in a short amount of time.
The study programmes consist of three courses, except for Financial Accounting which has four courses. Each course gives you an internationally recognised qualification. In the case of Financial Accounting, you even have the option of getting a degree once you have finished all four courses.
How Much Does a Course Cost?
You will need to pay an annual registration fee which is currently R350. However, you will also need to pay an assessment fee per subject that you plan to write an exam for. This will cost you R675 per subject.
So for example, if you decide to study the National Certificate: Bookkeeping course you have four subjects to study. You will need to pay R675 for each subject to be able to
write exams. This means you can work out your fees as follows:
Annual Registration Fee =
R350
Bookkeeping to Trial Balance =
R675
Payroll and Monthly SARS Returns =
R675
Computerised Bookkeeping =
R675
Business Literacy =
R675
If you work that out, the total will come to
R3050, including your ICB registration fee. That is just for one course. you will need to calculate your expenses every time you do another course.
Note: The ICB fees change regularly so it is important to make sure that you have the most up to date information. The article uses the latest 2019 information and is correct at the time of writing.
Paying Your ICB Fees
You can pay your ICB registration fees in one of three ways. You can pay using EFT, credit card, or SnapScan. SnapScan is a mobile app that allows you to use your phone to pay for something. You can download the app for Apple or Android phones, as well as for Blackberry phones.
It is important to note that no other means of payment are accepted and all your fees are non-refundable.
You can also pay your fees online using the
ICB Learner Portal or you can contact your training provider. Most training providers will include the payment of these fees in your course fees. However, some providers do not include the assessment fees and you will need to pay these yourself. Make sure with your provider which fees they do and don’t cover to avoid nasty surprises.
Are There any Other Fees?
There are many other fees such as re-assessment fees and fees for resending your Portfolio of Evidence. Hopefully, you will never need to pay any of those fees. That being said, you should look on the ICB website for their full list of fees.
Last Updated: April 12, 2019