Critical Cross-field Assessment:
1. Responses show that critical and creative thinking has been used to identify and solve problems.
2.1 Information is presented logically.
2.2 Learner shows evidence of critical thought.
3. Learner shows evidence of effective learning.
4. Learner’s written skills are effective: comprehensible and logical.
5. Learner demonstrates an ability to assimilate and adapt knowledge.
6. Information from various sources is presented in a logical and effective way.
7.1 Learner can type using a computer keyboard.
7.2 Knowledge of computer packages is demonstrated.
8. Results of independent research are presented.
Specific Assessment:
Accounting I:
Knowledge of the following is demonstrated:
the bookkeeping process
bank reconciliations
the General Journal
the Sales Journal
the Purchases Journal
the Trial Balance
trading account and profit and loss account
financial statements
Business Economics:
1.1 Knowledge of stock control is demonstrated.
1.2 Acquisition of capital is described.
2.1 Various kinds of business ownership are described.
2.2 Production, marketing and buying functions are described.
3.1 Knowledge of the stock exchange’s function is demonstrated.
3.2 The process and purpose of insuring a business is described.
3.3 The importance of transport to a business is analysed.
Business Calculations:
Ability to perform mathematical operations correctly is demonstrated.
Knowledge of percent, rate and ratio is demonstrated.
Real-life and simulated problems are solved.
Mathematical relationships in the workplace are critically analysed.
Office Practice:
1.1 The functions of an office are described.
1.2 The processes of recording and disseminating information are described.
2.1 Evidence of planning, drafting and checking a report is produced.
2.2 Knowledge of office technology is presented.
2.3 Knowledge of salaries’ and wages’ systems and control is demonstrated.
Accounting II:
1. An ability to do the following:
prepare final accounts
work with control accounts, final accounts, the trial balance, VAT, salaries and wages.
work with books of account.
2. Familiarity with the financial relationship between a business and its bank.
Management:
1. An ability to set objectives is demonstrated.
2. The management process is described.
3. The communication process is described.
4. Ways of developing, motivating and co-ordination staff are presented.
5. Ability to manage time is demonstrated.
Business Communication:
1. Familiarity with theoretical aspects of communication is demonstrated.
2. Competence in written English communication is demonstrated.
3. Competence in spoken English communication is demonstrated.
Taxation:
Familiarity with aspects of the Income Tax Act is demonstrated, especially with regard to:
1. Computing taxable income and assessed losses.
2. Determining rebates.
3. Applying double taxation agreements.
4. Other general provisions of the Act.
Accounting III:
Competence in working with the following is demonstrated:
Annual financial statements
Incomplete records
Interpretation of statements
Specific and general reserves
Departmental accounts
Partnerships
Consignments and joint ventures
Contract Accounts
Branch Accounts
Instalment sales
Corporate Accounts
Commercial Law:
Knowledge of the following is applied and demonstrated:
General principles of law
Contract law
Law of purchase and sale
Law of agency
Law of lease
Law of partnership
Bills of exchange
Economics:
1. The factors of production are described.
2. Various types of business organisations are described.
3. The cost of production is analysed.
4. The relationship between supply and demand is explained.
5. The notion of national income is explained.
6. The relationship between the money market and financial institutions is analysed.
7. The factors in international trade are described.
8. Knowledge of introductory labour economics is demonstrated.
OR
Cost Accounting:
Knowledge of the following costing objects and methods:
Storekeeping and recording
Overhead costs
Labour
Process accounts and by-products
Contract accounts
Reconciliation of costing and financial records
Various types of costing
Budgetary control
Corporate Law:
Knowledge of the law as applied to the following forms of business is demonstrated:
Sole proprietorship
Partnerships
Close corporations
Co-operative societies and public utility companies
Companies
OR
Auditing:
Knowledge of the following is demonstrated:
Scope and purpose of an audit
Powers, duties and liabilities of an auditor
Conduct of an audit
Audit programmes
Simple audits
Verification of balance sheets
Internal audit function
Integrated Assessment:
1. Formal, continuous assessment takes place at the end of a module or block of knowledge. Feedback from the tutor occurs in written form.
2. Informal, continuous assessment takes place throughout the learner’s studies. Self- assessment will encourage the learner to practice self-evaluation skills.
3. Learners may choose to be assessed in a formal, summative way (in the form of examinations) by the ICB. If they demonstrate competence, they will be awarded the Fellowship level of the ICB diploma.
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