National Certificate: Small Business Financial Management


The Small Business Financial Management:  is the first course in the ICB Business Management Programme. In this course, you will learn the basics of business strategy, human resource management, financial and business management, computer literacy, and research methods. 

After completing the Small Business Financial Management: ICB National Certificate course, you will receive an ICB National Certificate (NQF 4)

  • No prior accounting knowledge needed. and  you must be at least 16 years old

The Portfolio of Evidence is an important part of your learning journey as it enables you to prepare for your exams. You can not properly prepare for your exams if you do not have a Portfolio of Evidence.

The Portfolio of Evidence is accessed through the ICB MACCI platform. 

In phases 1 and 2, the assignments are completed online. The assignments are also auto-marked. You will receive immediate feedback on your submitted assignments.

You will need to download the assignment for phase three and complete it offline. After completing the assignment, you will need to scan it and upload it to the Portfolio of Evidence.

The assignments are not timed but you will need to complete them in a single login.

Two online tests need to be completed as part of the Portfolio of Evidence. The tests are part of phases 1 and 2. Tests are written online and are auto-marked. You will receive feedback immediately.

Unlike the assignments, the tests are timed. The tests are designed in such a way that there is no time to look for answers. This means that you have to know your work well. 

ICB exams are written throughout the year. For you to be allowed to write your final exams, you need to meet the following conditions:

  • You must have completed all the formative assessments, that is, the three assignments and the two online tests
  • You will need to submit your Portfolio of Evidence online before the start of an exam. For students who are writing the paper-based exam, the Portfolio of Evidence must be submitted at least 48 hours before the exams. 


Online Exams 

Online exams are written in  February, April, June, August, October, and December. The 3-hour exams start from  01:00 pm to 04:30 pm. You get 30 minutes to set up your computer. You will write your final exams on the MACCI platform. You will need to keep an eye on the ICB website for the actual dates.


Paper-Based Exams

When we talk about paper-based exams, it means that you have opted to go to an examination centre to write your exam. Paper-based exams are written in March and August. The 3-hour exam starts from 09:00 am to 12:30 pm. Keep an eye on the ICB website for the actual dates.


What you will Learn

Career Opportunities

More Course Information


Business Literacy

R3600 once-off / R1500 x3 months

Bookkeeping to Trial Balance

R3000,00 once-off / R1200,00 x3 months

Business Management 1 (BMT1)

R3600 once-off / R1500 x3 months


Umgalelo Academy in partnership with ICB. offers super flexible study options to fit around your life:

  • You can study in a classroom, via distance learning, full time or part time?  It’s up to you!
  • You can also study intensively and qualify in just 6 months?
  • You can also take up a course and study  long-term while  you work full time.   

We always got an ICB study route that will work for you.

Here are the steps that you can take to start studying for your  ICB course at Umgalelo Academy

Step 1:
Complete the registration process  at and you will receive  your study materials.

Step 2: Register as an ICB student on the ICB Student Portal .

You will use the ICB Student Portai to 

  • Register as an ICB Student
  • Register for the ICB Exam
  • Recieve digital copies of official documents and Qualification Certificates
  • Pay ICB Associated Fees
  • Update your Personal Details

Step 3: Register and create your account on MACCI . This is where you will  build your Portfolio of Evidence

Step 4: Complete your assignments and submit on MACCI

Step 5:  Use the MACCI student portal to write open book tests

You will use the ICB MACCI  portal  to

  • Write tests
  • Complete and submit assignments
  • Write Final Exams

Step 6: Complete the exam entry form on the ICB Student Portal to register for the final exam

Step 7: Write your ICB final exam online or in-person (remember to submit your digital or paper-based portfolio)

Step 8: Your certificate is issued by ICB and Partners.

There is an option to apply for exemption for courses you have already already or you got work experience relevant to the course .  You will have to submit your application with supporting documents  and the  ICB will  determine  if you qualify  for an  exemption for a subject or learning area .

Please Note: the ICB’s response may take up to six weeks.


Once your results have been audited and your Qualification is conferred for Graduation, ICB and partners will send your  Certificate  to Umgalelo Academy and you will be awarded your  Certificate/s at  our Annual  Graduation Ceremony. 


There are associated fees payable to the ICB on all programmes and courses. These fees include:

  • Registration Fees
  • Exam-Related Fees
  • And Recognition of Prior Learning Fees

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