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. 74,734 |
Installment Plan
| 1st installment | Required before: 2025-01-21 | Amount Due: ₹37,367.00 INR |
| 2nd installment | Required before: 2025-02-20 | Amount Due: ₹37,367.00 INR |
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 industry, life stage, size, and financial goals of a business
- Identify the roles fulfilling the financial management function within a business
- Articulate the concepts and processes applied in a business’s financial system
- Use time value of money to illustrate the principles of financial management in a business
- Outline the accounting process in a business
- Determine which of the three financial statements are most applicable to an organisation
- Differentiate between management and financial accounting
- Evaluate the systems and processes of financial management in a business environment
- Identify the different sources of finance available for businesses
- Determine the appropriateness of the sources of finance using the time value of money (TVM) principles
- Calculate key financial and leverage ratios of a business
- Assess the financial health and capital structure of a business using appropriate financial and leverage ratios
- Identify the different types of assets that are used and managed by businesses
- Calculate the appropriate ratios and the depreciation of a business’ existing assets
- Apply the NPV method to inform your investment decision in new assets
- Decide how manufacturing and technology businesses invest in new assets
- Identify the different cost structures of a goods based business
- Calculate the break even point of a goods based business
- Identify the cost structure of a service based business
- Calculate the breakeven point and the customer acquisition cost of a service based business
- Evaluate the lifetime revenue value of a service based business
- Identify how the components of the cash flow statement influence a business’s cash flows
- Calculate the appropriate cash flow ratios that inform operational decisions
- Investigate the impact of cash flow decisions of the business
- Identify the requirements of tax regulations for businesses
- Interpret the financial regulatory requirements of a business
- Determine the main aspects to consider when dealing with financial service providers
- Discuss the financial management of suppliers and customers
- Articulate the most important elements of supplier and customer relationships and their financial implications
- Identify the key users and purpose of budgets and forecasts
- Apply the key drivers and assumptions within a budget and a forecast
- Implement budgeting and forecasting techniques in practice
- Reflect on the key learnings from the course and how they can be applied in practice
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.