Financial Management is a great study option for those who enjoy analysing data and working with numbers. Getting a Financial Management qualification will equip you with the skills and knowledge to thrive in your workplace.
What Are The Benefits Of Studying Financial Management?
Companies rely on Financial Managers to ensure that daily financial objectives are met to contribute to the overall financial goals. The Financial Management course covers a wide range of business-related topics, making it a versatile qualification to have when you enter the financial field of business.
More Job Opportunities
If you further your studies in a specific direction, such as Financial Management, employers will take your qualification as proof that you are serious about your career. With a Financial Management qualification, you will become much more employable in general.
Understand Finances
Financial Management covers the basics of finances in private and public sectors. With this wide knowledge of finances, you will be able to implement financial theories and practices in many scenarios.
As you cover the basics, you will go more into the more complex theories of finances. This means that you can implement this knowledge in your work as well as in your personal life.
Utilise What You Have Learned
Financial Management is a practical course, so you will be able to apply the knowledge you have obtained. If you are an aspiring entrepreneur, you will definitely benefit from this course, as it will teach you how to keep track of finances and how to make informed financial decisions.
High Earning Potential
The average monthly salary for a Financial Manager in South Africa ranges between R61 600 and R96 00. This adds up to around R739 000 of yearly income. This rate will fluctuate depending on your qualifications, job responsibilities, and workplace.
What Will I Learn During The Financial Management Course?
The NATED Financial Management programme offered by Bellview consists of four courses. Each course will build upon the knowledge and skills obtained during the previous course. The NATED Financial Management courses cover the following subjects:
- Financial Management: NATED N4 National Certificate course subjects:
- Financial Accounting N4
- Computerised Financial Systems N4
- Entrepreneurship and Business Management N4
- Management Communication N4
- Financial Management: NATED N5 National Certificate
- Financial Accounting N5
- Computerised Financial Systems N5
- Entrepreneurship and Business Management N5
- Cost and Management Accounting N5
- Financial Management: NATED N6 National Certificate
- Financial Accounting N6
- Computerised Financial Systems N6
- Entrepreneurship and Business Management N6
- Cost and Management Accounting N6
- Financial Management: NATED N6 National Diploma
- 18-months of practical work training in accordance with the National N Diploma: Financial Management: Logbook
What Careers Can I Get With Financial Management?
As finance is a diverse field, you can get a variety of job opportunities with a qualification in Financial Management. Some potential career opportunities you will have include:
- Financial Manager
- Treasurer
- Credit Manager
- Broker
- Financial Analyst
- Cash Manager
- Relationship Manager
- Business Banker
- Finance Controller
- Risk and Insurance Manager
These are only a couple of the career opportunities you can get with a Financial Management qualification. You can apply for some entry-level positions after completing your first Financial Management course.
Once you have obtained your Diploma in Financial Management, you can go into any of the careers mentioned above.
Is Financial Management A Good Option For Me?
If you are a problem solver, like taking initiative, and are inquisitive, Financial Management is a great study option for you. If you think you do not have the necessary skills, but would still be interested in this study field, you will definitely be able to build upon your knowledge and skills during the NATED Financial Management programme.
When deciding what the right career path is for you, you will need to consider whether you will enjoy the programme and if you will be committed to your studies. You can always learn new skills if you work hard and improve your knowledge through studying.
Where Can I Study Financial Management?
If you are interested in studying Financial Management, you can apply with Bellview Institute of Distance Learning. You can reach out to us in the following ways:
- Call us on our toll-free line at 080 039 0027
- Call or WhatsApp us: 065 656 9818
- Fill in our online application form
- Contact one of our course specialists
Frequently Asked Questions
The four main types of financial decisions include:
- Financing decisions
- Dividend decisions
- Investment decisions
- Working Capital decisions
Financial Management is a critical part of the business as it aims to maintain and improve the financial health of the company. Financial Managers also assist the business in making informed decisions regarding finances, making it a key component of the business’ success.
Financial statements consist of the following five elements:
- Assets
- Equity
- Expenses
- Liabilities
- Revenues
Financial Management involves planning, organising, controlling, and directing financial activities within an organisation.
The Financial Management: NATED N6 National Diploma is on an NQF level 06.
Financial Management covers the following scopes:
- Estimating financial requirements
- Choosing financial sources
- Managing cash flow
- Determining capitalization structure
- Making investment decisions
- Managing earnings and income
You will cover the following subjects during the NATED Financial Management programme:
- Financial Accounting
- Computerised Financial Systems
- Entrepreneurship and Business Management
- Management Communication
- Cost and Management Accounting
- 18 months of practical work experience
In order to qualify for your first NATED Financial Management course, you will need a Matric Certificate (NSC). Each course you complete will then count as the entry requirement for the following course.
With a Financial Management Diploma, you will qualify for the following jobs:
- Financial Manager
- Treasurer
- Credit Manager
- Broker
- Financial Analyst
- Cash Manager
- Relationship Manager
- Business Banker
- Finance Controller
- Risk and Insurance Manager
No, an N4 Certificate is not equivalent to a Matric Certificate. A Matric Certificate is on an NQF level 04. An N4 Certificate is on an NQF level 05.
Author: Karla Nortier
Editor: Connor Bergsma
Date Published: May 27, 2022