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Short Learning Programme
on
Essential Financial Skills
Compounded interest is often referred to as the EIGHT WONDER of the world and as such has a tremendous impact on the ability of organisations and individuals to create wealth for themselves and the community. From a living above your means perspective it has a tremendous “negative” effect on the ability of people and organisations to escape “poverty” and to get into a position of financial independence.

Purpose of the course:

The purpose of the course is to demonstrate how the financial and business environments influence the wealth creation process in a business and the community; an understanding of financial statements and their use in management will result in improved and effective management, ultimately leading to improved value creation.

Admission requirements:

Admission requirements: 
Basic understanding of accounting and financial statements at NQF level 5 and basic numerical ability.
Learning assumed to be in place: 
National Senior Certificate or an equivalent NQF Level 4 qualification.

Course outcomes and assessment criteria :

Course outcomes and the associated assessment criteria: 

Study Unit

Outcomes

Assessment Criteria

  After completion of this course, participants will: Participant will be assessed on the following criteria:
 
  • Be able to demonstrate how the financial and economic environments influence the wealth creation process for both individuals and business,
  • Be able to demonstrate how time value of money influences financial decision-making for both individuals and business.
  • Demonstrate how informed financial decisions can help to create wealth.
  • Utilise financial environment information to demonstrate its relationship with and influence on time value of money.
  • Demonstrate the power of compounding and its effect in the daily life and financial impact on people and business.
  • Be able to do the necessary calculations to enable individuals to make rational financial decisions.

 

Assessment: 
To pass the programme, a participant has to obtain a mark of 50% (or more).
Method of assessment: 
Learning objectives will be accomplished through the following mix of methods and activities: self-tuition, analysis and discussion of actual cases (case studies); in-class individual and group assignments and exercises; lecturer presentations and company specific problem solutions.

Additional information

Mode of delivery: 
Contact
Target group: 
Employees at all levels of a company, probably people entering a position that requires an understanding of financial statements.
Contact us
Name: 
UCE
E-mail: 
Telephone number: 
018 285 2821