The ability to manage your finances is essential no matter what your job is. Having knowledge in Financial Management is important and beneficial for your business and your personal finances. Here is why you should study a financial management course in 2022:
- Gain scarce skills
- More than one specialisation
- Improve your interpersonal skills
- Gain transferable skills
- Use it in your personal life
Gain Scarce Skills
Financial Management is a scarce skill, in our current economy having financial skills are essential. Financial skills are not only beneficial for a business, but also for managing your personal finances. Employers are also more likely to hire you because of how scarce financial management skills are and the practical knowledge you would possess.
More Than One Speciality
Financial Management is a broad field with a lot of work opportunities. There are so many other career paths you can follow. Studying the Financial Management NATED course will prepare you with the knowledge you will need to be successful in whichever career you choose.
Improve your interpersonal skills
You will learn how to build better communication skills and how to work with a team by developing relationships with your colleagues.
Gain transferable skills
Transferable skills are essential skills to have when you are doing a job search. Doing a Financial Management course will help you. The subjects you will be covering in the Financial Management course will help you get those skills.
Use It In Your Personal Life
Not only is having financial skills beneficial for your job, but also for your personal life. Having Financial Management skills can help you with your personal finances. If you start managing your finances while you are young, it will set you up for a financially secure future.
What Is Financial Management?
Financial Management is an important aspect of a business. Financial Management involves organising, directing and controlling financial undertakings in a company.
It also involves:
- Strategic planning
- Making sure the company has enough funds
- Making sure the shareholders get good returns on their investments
- Ensuring the funds are used efficiently
- Creating investments and ensuring that they are safe and real
Why Is Financial Management Important?
It helps the company with financial planning, acquiring funds and making sure those funds are being used effectively. Financial Management professionals are responsible for making the critical financial decisions in a company, and they provide economic stability.
How Do I Qualify For Financial Management?
Here is what you need to qualify for each of our Financial Management courses:
You will also need to:
- Be 16 years or older
- Be able to understand, read and write in English
- Be able to study via distance learning
How Long Will It Take Me To Study Financial Management?
You can complete our NATED Financial Management course in a relatively short period of time. If you choose to study full-time you will finish the course in 36 months but if you want to finish the Financial Management course part-time then you will be finishing it in 54 months.
The length for each Financial Management course is as follows:
- Financial Management: NATED N4 National Certificate: 6 -12 months theory
- Financial Management: NATED N5 National Certificate: 6 -12 months theory
- Financial Management: NATED N6 National Certificate: 6 – 12 months theory
- Financial Management: NATED N6 National Diploma: 18 months work experience
What Are The Benefits Of Studying Financial Management In 2022?
Financial Management courses are beneficial because they teach students how to improve the companies profitability and the overall value of the company. During the course, you will learn why it is important for businesses to be financially stable.
Having your Diploma in Financial Management is a skill that will appeal to employers and increase the likelihood of you being hired for the job. It also encourages employees to save money and be better about their finances. This will then help them to be financially stable in their personal life as well.
What Courses Are Best For Financial Management?
Bellview Institute of Distance Learning offers NATED Financial Management course that will prepare you to be successful in Financial Management. These are the Financial Management courses we offer:
What Will I Learn In Financial Management Courses?
Our Financial Management courses with teach you various skills, however, it is the subjects in each course that will provide you with the knowledge and skills you need to be a successful Financial Manager.
What Subjects Will Be Studied In Financial Management?
The subjects that will be studied in the NATED Financial Management course depends on the course level. Here are the subjects for each NATED level.
Financial Management: NATED N4 National Certificate
These are the subjects that will be covered in this course:
- Financial Accounting
- Computerised Financial System
- Entrepreneurship and Business Management
- Management Communication
Financial Management: NATED N5 National Certificate
Here are the subjects that will be covered in the N5 National Certificate:
- Financial Accounting
- Computerised Financial System
- Entrepreneurship and Business Management
- Cost and Management Accounting
Financial Management: NATED N6 National Certificate
The following subjects will be covered during the N6 course:
- Financial Accounting
- Computerised Financial System
- Entrepreneurship and Business Management
- Cost and Management Accounting
Financial Management: NATED N6 National Diploma
In this course, you are not expected to complete subjects. You will be using the skills and knowledge acquired in the theoretical courses to complete a set of tasks that are listed in the Financial Management Logbook.
How Does The Logbook Work?
The Logbook will test the skills and knowledge you got in N4 – N6 National Certificate courses. The Financial Management: NATED National Certificate Logbook has a list of tasks for you to complete:
- Filing invoices
- Capturing invoices
- Maintaining records that relate to capital acquisition and disposal
- Develop and monitor an allocated budget
- Compile income statements
What Skills Are Best For A Career In Financial Management?
These are the skills you will need for a career in Financial Management:
- You will need interpersonal skills
- Excellent communication skills
- Problem-solving skills
- Analytical and strategic planning skills
What Can I Do With A Financial Management Qualification?
When you finish your Financial Management National Diploma, there will be many job opportunities available for you.
Financial Management Job Opportunities
Our NATED Financial Management course will prepare you for a career in Finance. There are multiple careers available for you in this field, each course has a list of career fields you can enter.
Financial Management: NATED N4 National Certificate
- Accounting Clerk
- Bank Teller
- Creditors Clerk
- Junior Financial Administrator
- Loan Consultant
Financial Management: NATED N5 National Certificate
Financial Management: NATED N6 National Certificate
- Financial Manager
- Auditor
- Accountant
- Bookkeeper
- Creditors Clerk
Financial Management: NATED N6 National Diploma
- Financial Manager
- Auditor
- Accountant
- Bookkeeper
- Financial Administrator
Why Financial Management Is Important In Our Daily Lives?
Financial Management is an important skill to have in our daily lives because it teaches you how to budget your income, how to save your money and how or where to invest it. It will help you prepare for your future and stay financially stable.
Get Your Financial Management Qualification With Bellview Institute Of Distance Learning
Bellview Institute of Distance Learning offers a NATED Financial Management course that will prepare you for your career in Financial Management or any of the above-mentioned jobs.
What Are The Benefits Of Studying Financial Management With Bellview Institute Of Distance Learning?
There are many benefits you can enjoy when you choose to study through Bellview, here are some of the benefits you can experience:
- You can study from anywhere
- You can work and study at the same time
- We have great student support systems
- Your study material will be delivered to you
- You will have access to study groups
Frequently Asked Questions
The four types of Financial Management are:
- Financing Decision
- Working Capital Decisions
- Dividend Decisions
- Investment Decisions
The term finance refers to the circulation of money, a system that involves money.
The most important issues in finance today is bad cash flow management, not making use of the company budget, not raising enough money for the company and debt.
Not having proper Financial Management training, being bias when making business decisions, and managers using their emotions when making decisions.
Accounting is considered to be harder by most people. The content you will be studying is more technical than the content in Financial Management. However, the level of difficulty depends on your experience as a student.
Author: Jodie Brown
Editor: Connor Bergsma
Date Published: August 2, 2022