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Diploma in Financial Management

The programme provides an overview of the necessary skills, knowledge and techniques to manage finances in a public or business sector context.

3 years
SAQA - 97561
NQF Level 6
360 credits

Key features

  • 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

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About

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.

Outcomes

Upon successful completion of the programme, the student should be able to:

  • Obtain and assimilate knowledge appropriate to the practice of financial management in any organisation.
  • 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
  • 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 organization
  • Communicate business and general management information to relevant stakeholders effectively using both oral and verbal communication

Programme structure

Duration:  3 years
There are 5 modules per year over two semesters

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

Admission requirements

National senior certificate with minimum Diploma admission or a relevant NQF4 qualification or equivalent; ‘A’ or ‘O’ level certificate

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