Get updates on Eligibility, Admission, Placements Fees Structure
Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
A well-managed financial system is an essential component of every successful organisation. As a result, people with these abilities and expertise are greatly respected by businesses. The Basics of Financial Management online course is meant to train applicants to administer the finances of a business more effectively and efficiently in the South African setting as a manager, administrator, entrepreneur, or director.
Those who have established their own business must also understand fundamental financial principles of financial management to optimize day-to-day operations and secure long-term success. The Basics of Financial Management Training is delivered by specialists in the industry, and it seeks to familiarize applicants with financial concepts and procedures, as well as to equip students with vital skills that will assist them in creating budgets, analyzing financial statements, cutting expenses, and conducting cash flow studies.
According to career junction, Finance is among the top 4 most in-demand job industries in South Africa. The Basics of Financial Management syllabus provides students with the industry knowledge they need for the improvement of money planning and effective company management.
The Highlights
- Online learning
- Course provider Getsmarter
- Downloadable resources
- University of Cape Town offering
- 6-8 hours per week
- Shareable certificate
- Self-paced learning
- Projects and assessments
- 8 weeks duration
- Split option of payment
Programme Offerings
- video lectures
- Case Studies
- Offline resources
- Infographics
- Self-paced learning
- online learning
- quizzes
- Live polls
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | UCT Cape Town |
Fee type | Fee amount in INR |
Basics of Financial Management fees | Rs. 66,736 (Incl of all taxes) |
The Basics of Financial Management fees are Rs. 66,736 (Incl of all taxes). Candidates can pay the whole fee at the time of enrollment or choose the partial method of payment, which allows them to pay the fees in three installments. A 3% administration fee will be applied if the candidates opt to pay the fee in installments. The cost can be paid with a credit/debit card or by wire transfer from a bank account.
Eligibility Criteria
Certification Qualifying Details
To qualify for the Basics of Financial Management certification, Students must complete all of the online training modules offered in the course, as well as meet the basic attendance requirements and submit all online projects and assignments. Candidates are required to take part in-class activities such as surveys, live polls and quizzes. To qualify for the certification, candidates must achieve the minimum criteria given in the program booklet.
What you will learn
After completing the Basics of Financial Management online training from UCT, Candidates will be aware of the tax obligations for various business organisations and the financial policies and legislation that affect South African enterprises. Learners will obtain an understanding of the skills needed to read and comprehend statements of cash flows, balance sheets and income statements. Candidates will also learn how to use budgeting concepts to predict profitability and forecast future cash flow in an organisation.
Who it is for
- Department heads, managers, and entrepreneurs who wish to learn about financial responsibilities such as budgeting and management, cost analysis, and financial data interpretation.
- Candidates who desire to study how to run a business's finances and become a bookkeeper, accountant and handle other financial roles.
- Candidates interested in formal financial training and want to learn about financial-related duties inside South Africa.
Admission Details
To get admission in the Basics of Financial Management course for beginners from UCT, follow the below-mentioned steps:
Step 1. Open the official course website of Basics of Financial Management with the given URL
(https://www.getsmarter.com/products/uct-basics-of-financial-management-online-short-course)
Step 2. Click on the ‘Register Now’ button to start the process of registration
Step 3. Agree with the terms and conditions of the provider to continue
Step 4. Fill in the personal details to create a profile on the Getsmarter
Step 5. Provide the sponsor details if applicable and fill in mailing address details
Step 6. Make payment and start the course on the Getsmarter platform
The Syllabus
- Identify the advantages and disadvantages of the different forms of business organisation
- Explain how to function in a competitive environment
- Identify the various financial goals that a firm can pursue
- Identify the different roles and functions of the various role players in financial management
- Identify the main asset classes an investor can choose from to achieve a diversified financial portfolio
- Identify the fundamental principles of financial management
- Define the potential problems that might arise between the owners and managers of a company
- Review different financial institutions
- Explain the basic principles and business factors affecting income tax
- Explain what needs to be taken into account when deciding on a business entity
- Practice basic calculations to determine income tax and provisional tax
- Summarise the Unemployment Insurance Fund, Workers' Compensation, and the Skills Development Levy
- Use a checklist for registering for tax
- Use some fundamental accounting principles
- Explain who uses financial statements, as well as how they are used
- Classify financial information into a system of accounts
- Identify the purpose of each form of financial statement
- Explain the importance of updating financial documents when changes are made rather than after each transaction
- Summarise financial information into the different kinds of financial statements
- Differentiate between the key aspects and applications of the various financial statements
- Locate related resources on the Learn Accounting website
- Review ratios for worked examples
- Explain the comparisons that can be made in ratio analysis
- Identify measures of debt and securities market ratios
- Compile a financial analysis using core financial ratios
- Use ratios for worked examples
- Explain the factors that affect costs
- Calculate the costs that different firms will incur
- Practice using break-even analysis formulae
- Explain what responsibility centres are
- Practice using the budgeting process for different kinds of budgets
- Apply the principles of budgeting
- Analyze future value about present value
- Calculate the future value of cash flows
- Calculate present value
- Evaluate differences in the timing of inflows and outflows of cash by mastering the fundamentals of interest and discounting
- Assess the role of the time value of money in financial management
- Apply the concepts of cost of capital and financial leverage to examples
- Identify the characteristics of debt and equity, and what they mean for long-term financing
- Illustrate how to apply important considerations when financing assets
- Assess which projects will add value to a firm
- Analyze different approaches to decision-making in financial management
- Use the various capital budgeting techniques to calculate the value of projects
- Apply objective techniques to make the best capital budgeting decisions for a firm
- Describe the cash conversion cycle
- Explain working capital and why it is important
- Evaluate the concept of inventory and what it entails
- Assess the management of cash, cash flows, and the prevention of cash losses
- Apply the credit selection process
Instructors
UCT Cape Town Frequently Asked Questions (FAQ's)
The 3 types of financial management are Capital budget and treasury management, work management, and capital management.
The primary goal of financial management is to lower the cost of borrowing while still ensuring enough fund availability.
The 3 basic functions of a finance manager are taking financing decisions, investment decisions, and dividend policy decisions.
The major types of financial management are capital structuring, capital building, and capital management.
Financial managers are in charge of supervising the finances of huge corporations, government organisations and individuals.
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