About this course
This course is designed to provide an introduction to the world of finance, which is an essential area of expertise for both managers and business owners. The aim of the course is to equip non-financial professionals with the skills to effectively analyze and utilize different types of financial information to make informed decisions.
You will be introduced to the basics of financial management, including financial statements, analysis of financial statements, management of working capital, budgeting, time value of money, risk management, and return on investment.
8 units
4 months at 8 hours/week
- Certificate included
Foundations of Financial Management
TYPE:
Short Course
MODE:
Fully Online
DURATION:
4 months
PACE:
8 h/week
Flexible payment options available
What you will learn about
This course contains 8 units and can be completed in 4 months at the recommended pace of 8 hours per week:
- Unit 1. Introduction to Financial Management
- Unit 2. Introduction to Accounting Principles and the Accounting Equation
- Unit 3. Financial Statements
- Unit 4. Analysis of Financial Statements
- Unit 5. Introduction to Working Capital Management
- Unit 6. Budgeting and Financial Planning
- Unit 7. Time Value of Money
- Unit 8. Risk and Return
With our structured approach to learning, you can quickly gain valuable knowledge and skills. All courses include onboarding information, video lessons and multiple assessment opportunities.
Upon successful completion of this course you should be able to:
- Discuss the various financial accounting and financial management concepts and principles;
- Record basic accounting transactions;
- Prepare financial statements for a sole trader;
- Analyse financial statements and interpret financial results;
- Outline the importance of working capital management;
- Discuss financial planning and budgeting;
- Prepare a cash budget;
- Calculate the present and future value of single amounts, annuities, and uneven cash flows using compound interest rates;
- Explain the concept of risk and return and its impact on financial decision-making; and
- Calculate the expected and actual rate of return of an investment.
Is this course right for me?
This course is suitable for non-financial managers that require a better understanding of the dynamics involved in financial management, as well as equipping them with practical experience. The course will benefit any businessperson involved in finance requiring a theoretical understanding and practical application of financial tools, techniques, procedures, and terminology.
This course contains easy to understand content with many examples to help students master the concepts. The course caters for people with limited financial knowledge, and the content is therefore focused on problem-solving and decision making at a beginner’s level, whilst ensuring students gain the practical skills and understanding to master the management of finances within a business.
Upon successful completion of this course, students will be equipped to pursue a range of exciting careers such as:
- Junior Financial Manager
- Business Manager
- Financial Administrator
- Financial Controller
- Entrepreneur / Small business owner
This course has been reviewed by industry experts – such as Mr David Nel (CA) SA:
When can you start this course?
Our Short Courses are administered in various intakes throughout the year. Enrol for a date that suits you or enquire now if you’d like more information.
Short Course Admissions
- Minimum of Grade 9 (Standard 7)
- At least 18 years of age
- Alternate admission is possible on the basis of Mature Age exemption (23 years and older)
- Ability to read and write in English, which is the language of instruction
- Students should also possess a basic level of digital literacy skills
Our Short Course programmes are offered all year round, making enrolling easy and convenient anytime. Complete our online application form, and await a call from one of our friendly Enrolment Consultants.
At iQ Academy, we offer all our programmes exclusively through online learning. Students must have regular access to a device and a stable internet connection, whether via a mobile device or any other means.
Don’t worry about course materials, as they are all available online and can be downloaded to your smartphone, PC or tablet for offline use. We do not provide printed textbooks. If you prefer printed materials, you can easily download and print them yourself.
Our teaching and learning activities occur 100% online. If you require more information, please feel free to enquire now.
- A PC, Tablet or Smartphone
- Access to a reliable internet connection
- An active email account
- At least 1GB of data per month
Simple pricing, big value
*Terms and deposit are subject to affordability. View our payment options for more information.
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Structured learning
Weekly lesson plans, regular live classes and special webinars.
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This Short Course FAQ’s
The focus of the course is on teaching non-financial professionals how to use various types of financial information to make decisions.
This course is suitable for non-financial managers that require a better understanding of the dynamics involved in financial management, as well as equipping them with practical experience. The course will benefit any businessperson involved in finance requiring a theoretical understanding and practical application of financial tools, techniques, procedures, and terminology.
-
Financial statements
-
Analysis of financial statements
-
Managing working capital
-
Budgets
-
Time value of money
-
Expected rate of return
-
Actual rate of return on investment
Employees competent in basic financial management concepts improve profitability and the value of the organisation.
The course contains easy to understand content with many examples to help students master the concepts. The course caters for people with limited financial knowledge. The content is focused on problem-solving and decision making at a beginner’s level.