With an N6 Financial Management qualification, you will be able to pursue a few career paths. Here is a list of careers available for you once you have completed the N6 Financial Management course:
- Financial Manager
- Auditor
- Accountant
- Bookkeeper
- Financial Administrator
Financial Manager
Financial Managers are responsible for the financial health of the business. They supervise the businesses cash flow, determining profitability, managing the businesses expenses and producing financial information.
Some tasks Financial Managers are responsible for include:
- Budgeting
- Financial forecasting
- Giving advice for financial decisions
- Managing debt and credit
A Financial Manager’s responsibilities are also dependent on the type of business they work for.
How Much Does A Financial Manager Earn?
As a Financial Manager, your salary will depend on your qualifications, experience, location, and the company you work for. The average salary for a Financial Manager is R 44 198 per month, according to payscale.
How Do I Know Being A Financial Manager Is The Right Career For Me?
If you are interested in the finance side of business, then becoming a Financial Manager would be great for you. A Financial Manager is a leader with great communication skills. They are tech-savvy, adaptable, and well-educated on the industry.
If that applies to you, and you are interested in becoming a Financial Manager, then this will be the right career for you.
What Skills Does A Financial Manager Need?
These are the skills you will need to have if you want to pursue a career in Financial Management:
- Good communications skills
- Problem-solving skills
- Negotiation skills
- Honesty
- Adaptable
- Tech-savvy
- Leadership skills
Auditor
An Auditor is someone who inspects the businesses financial accounts to make sure they are complying with the law and that they are correct. There are different types of Auditors:
- External Auditors
- Internal Auditors
- Forensic Auditors
- Government Auditors
External Auditors
An External Auditor is hired by a company to review their financial records which includes purchasing records, payable and receivable accounts, payroll etc. Companies are required to hire an External Auditor regularly. An External Auditor has no connection to the company they are reviewing, and so their reviews are not bias.
Internal Auditors
Internal Auditors perform the same duties as an External Auditor, but they work for the company. Aside from reviewing the companies financial records, they also are responsible for looking at the aspects like:
- Risk management
- Corporate governance
- Organisational objectives
- Operational efficiency
- Compliance
They also make sure there are no issues before the External Auditor is hired to review the financial records.
Forensic Auditors
Forensic Auditors are hired to review financial records with the understanding that what they find will be used in a court of law. They investigate fraud, embezzlement or any other financial crimes.
Government Auditors
Government Auditors are responsible for reviewing the financial reports of private businesses. Government Auditors perform both financial audits and compliance audits, which involves reviewing if the company is adhering to the regulatory guidelines.
How Much Does An Auditor Earn?
The amount you earn as an Auditor is dependent on what your level of experience is, what your qualifications are, who your employers are and what type of Auditor you are. In South Africa, the average salary for an Auditor is R 40 152 per month.
How Do I Know Being An Auditor Is The Right Career For Me?
An Auditor is someone who:
- Shows integrity
- Good at identifying patterns
- Excellent communicator
- Tech-savvy
- Great at networking and building professional relationships
- They are innovative
- They are team orientated
If you identify with any of the above-mentioned qualities, then this career will be perfect for you.
What Skills Does An Auditor Need?
These are the skills you need to be a successful Auditor:
- Communication skills
- Technology skills
- Collaborative skills
- Analytical skills
- Critical thinking skills
Accountant
An Accountant is responsible for preparing the companies tax returns, making sure the companies taxes are paid on time and maintaining the companies financial reports. They are responsible for the collection, analysis, and evaluation of financial data.
These are the four types of Accountants:
- Corporate Accounting
- Public Accounting
- Government Accounting
- Forensic Accounting
Corporate Accounting
This type of accounting involves using, handling, and filing a businesses financial data. They need to ensure that they keep the financial and tax submissions in line with the appropriate rules, regulations, and standards.
Public Accounting
Public Accountants are hired by clients like companies or individuals, they do not work for the company or person hiring them. They work with tax regulations and financial reporting.
Government Accounting
Government Accountants usually work with government entities. They are responsible for auditing private documents or private tax submissions and maintaining the financial records of government branches. This type of accounting also offers better benefits than other types of accounting.
Forensic Accounting
Forensic Accountants are responsible for collecting, recovering and reconstructing financial data when it is hard to obtain. They are typically employed by law firms or government agencies.
How Much Does An Accountant Earn?
What you earn as an Accountant is dependent on what your experience level is, who your employer is, what type of accountant you are and what your qualifications are. The average salary of an Accountant in South Africa is R 23 349 per month.
How Do I Know Being An Accountant Is The Right Career For Me?
An Accountant is someone who is:
- Ethical
- Organised
- A team player
- Educated
- Trustworthy
- Motivated
- Reliable
If any of the above-mentioned relates to you, then you would be a great Accountant.
What Skills Does An Accountant Need?
These are the skills you need to be a successful Accountant:
- Communication skills
- Business knowledge
- Tech-savvy
- Flexibility
- Adaptability
- Analytical skills
- Creativity skills
- Problem-solving skills
Bookkeeper
A Bookkeepers’ responsibility is to provide up-to-date financial information about a business. They are responsible for:
- Recording the businesses day-to-day financial transactions
- Balancing the businesses books
- Bank reconciliation
- Monthly reports
- Filing taxes
- Year-end reporting
- Calculating pay and deductions
How Much Does A Bookkeeper Earn?
The amount you earn is dependent on where you are employed, what your level of experience is and what your qualifications are. The average salary of a Bookkeeper is R 16 679.
How Do I Know Being A Bookkeeper Is The Right Career For Me?
A Bookkeeper is someone who is:
- Happy working with numbers
- Well-organised
- Manages their time effectively
- Has knowledge of Bookkeeping
- Good at problem-solving
If any of the above-mentioned relates to you, then you should consider becoming a Bookkeeper.
What Skills Does A Bookkeeper Need?
These are the skills of a Bookkeeper:
- Great attention to detail
- Organisational skills
- Time management skills
- Communication skills
- Critical thinking skills
- Problem-solving skills
Financial Administrators
A Financial Administrator is someone who deals with the companies budget and payroll. They maintain accounts like grant funding accounts or discretionary accounts. They maintain the companies financial records for tax purposes.
Furthermore, they are also responsible for preparing the companies monthly financial reports. They are responsible for retrieving the spreadsheets of the companies financial activities, and bringing them together for the month or year-end report.
How Much Does A Financial Administrator Earn?
The amount you earn is dependent on where you are employed, what your level of experience is and what your qualifications are. The average salary you will earn as Financial Administrator in South Africa is R 14 045 per month.
How Do I Know Being A Financial Administrator Is The Right Career For Me?
If you are someone who enjoys working with numbers, you are a team player, and you have a strong interest in Finance and administration, then this career path would be perfect for you.
What Skills Does A Financial Administrator Need?
Here are the skills you will need as a Financial Administrator:
- Tech-savvy
- Time management skills
- Organisational skills
- Confidentiality skills
- Good communication
- Team player
What Is A NATED Financial Management Course?
A NATED course will equip you with the skills, experience, and knowledge to be the best in your career field. Our Financial Management course consists of three theoretical courses and a practical course.
Each theoretical course has (4) four subjects, and you will be completing two assignments and two examinations for each subject. In total, you will complete (8) eight assignments and (8) eight examinations per course.
The practical course does not require you to complete any tasks, as you will be completing 18 months of work based training.
How Does The N6 National Diploma Course Work?
The N6 National Diploma course consists of 18 months of work based training. You will receive a Financial Management logbook which contains a list of tasks that you will be required to complete.
Once you have completed all your tasks, you will send the logbook back to us to be reviewed. Once we review the logbook, we will send it to the Department of Higher Education and Training (DHET). The DHET will make sure you completed all the tasks in the logbook successfully, and then you will receive your National Diploma in Financial Management from them.
What Are The Benefits Of Studying A NATED Course Through Bellview Institute Of Distance Learning?
Bellview Institute of Distance Learning has a few benefits that you will be able to enjoy when you decide to study the NATED Financial Management course, these are some benefits that Bellview Institute of Distance Learning offers:
- Study from anywhere in the country
- Distance learning has no set schedule
- You can work and study at the same time
- We have support systems that you will have access to
- You will have access to tutors as well
- You can create your own schedule
- Study at your own pace
Application Process
If you are interested in studying a Financial Management course, here are the ways you can apply:
- Fill in an online application form
- Contact one of our course specialists
- You can call us on our landline: 021 838 8280
- Call or WhatsApp us on: 065 656 9818
Frequently Asked Questions
Yes. Studying the NATED Financial Management course will thoroughly prepare you for your career in finance, our NATED course will provide you with the skills and the experience you will need to be a great Financial Manager.
Yes. Financial Management is a valued position in a company, and there are different career fields within the finance world that you could venture into.
The NATED Financial Management course will take you 36 months to complete if you decide to study full time. Should you decide to study this course part-time, then you will complete the course in 54 months.
No, our courses are not funded by NSFAS. NSFAS funds courses offered by public institutions, Bellview Institute of Distance Learning is a private institution. We do offer payment plans that will help you pay for your course in the most convenient way possible.
No, the N6 National Certificate is a theoretical course. It is the last theoretical course in the NATED programme. The N6 National Diploma is a practical course, this course does not require you to do any subjects as you will be completing 18 months of work based training.
Author: Jodie Brown
Editor: Connor Bergsma
Date Published: August 24, 2022