Diploma in Financial Management (DIFM)


OutcomesProgramme StructureCostMore Info

On completion of this qualification, graduates will be able to:

  • Obtain and assimilate knowledge appropriate to the practice of financial management in any organisation.
  • Obtain professional and technical skills required in Financial Management.
  • Evaluate financial and accounting concepts and principles and their application in solutions to practical finance problems
  • Prepare financial statements of entities, including groups of companies, using relevant financial information, accounting techniques and standards; and to analyse and interpret such financial statements
  • Use relevant financial techniques with cost information, for planning, decision-making, performance evaluation and control, within different business settings.
  • Apply financial management techniques to issues affecting investment, financing, and dividend policy decisions of an organisation.
  • Understand the general legal framework, and apply specific legal principles relating to business, including taxation legislation as applicable to individuals, single companies and groups of companies.
  • Explain the process of carrying out the assurance (audit) engagement and its application in the context of the professional (audit) regulatory framework.
  • Describe the organisational context of the financial manager and of the development of financial systems; to understand the need for the efficient use of resources within an organisation

What is the duration of the programme, how is it structured?

The duration of the programme is 3 years – 5 modules per year, comprising of 2 semester modules and 3 annual modules per year.

Year 1

  • Business Communication 101
  • Mathematics of Finance 101
  • Financial Management 1
  • Economics 1
  • Financial Accounting 1

Year 2

  • Business Management 201
  • Introduction to Taxation 201
  • Financial Management 2
  • Managerial Accounting 2
  • Business Information Systems 2

Year 3

  • Ethics and Corporate Governance 301
  • Public Sector Finance 301
  • Financial Management 3
  • Commercial Law 3
  • Taxation 3

What is Your Investment?

  • SADC Distance Fee Schedule 2017

  • South African Distance Fee Schedule 2017

    South African Rich Distance Fee Schedule 2017

More Information

The Diploma in Financial Management (DIFM) is a 3 year programme that provides an overview of the necessary skills, knowledge and techniques to manage finances in the public or business sector context. The programme explores the complex challenges of financial management decision-making processes and deals with issues such as: budgeting; cash-flow projections; cost benefit analysis; financial statements with respect to balance sheets; income and expenditure statements; assets register; ratio analysis; business investment; financing decisions; current asset management; dividend and dividend policy. The areas of mergers and acquisitions are also explored.

What will I gain from this programme?

Graduates will be able to:

  • Display knowledge of selected day-to-day management functions of a business
  •  Appreciate financial principles of accountability, cost-effectiveness, cost-efficiency and value for   money
  • Obtain employment in accounting firms and finance departments in the public or private sector
  • Describe financial management terminology, concepts and principles
  • Analyse and interpret financial management statements and reports such as balance sheet, income and expenditure

Programme Outcomes

Upon successful completion of this programme, learners should be able to:

  • Obtain and assimilate knowledge appropriate to the practice of financial management in any organisation.
  • Obtain professional and technical skills required in Financial Management.
  • Evaluate financial and accounting concepts and principles and their application in solutions to practical finance problems
  • Prepare financial statements of entities, including groups of companies, using relevant financial information, accounting techniques and standards; and to analyse and interpret such financial statements
  • Use relevant financial techniques with cost information, for planning, decision-making, performance evaluation and control, within different business settings.
  • Apply financial management techniques to issues affecting investment, financing, and dividend policy decisions of an organisation.
  • Understand the general legal framework, and apply specific legal principles relating to business, including taxation legislation as applicable to individuals, single companies and groups of companies.
  • Explain the process of carrying out the assurance (audit) engagement and its application in the context of the professional (audit) regulatory framework.
  • Describe the organisational context of the financial manager and of the development of financial systems; to understand the need for the efficient use of resources within an organisation

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