Short Learning Programme
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.
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.
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 the associated assessment criteria:
|After completion of this course, participants will:||Participant will be assessed on the following criteria:|
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.
Mode of delivery:
Employees at all levels of a company, probably people entering a position that requires an understanding of financial statements.