Course in Financial Management
Effective financial management is of vital importance to any company, particularly if it aims to improve profitability, liquidity and solvency. The programme is aimed at managers, accountants, bookkeepers, people working in the financial services sector and business owners.
Duration
One (1) year
Admission requirements
A National Senior Certificate (NSC)/Grade 12/Matric certificate
Learning assumed to be in place
Learners must
- have numeracy skills to enable them to perform mathematical calculations
- be competent in English in order to learn from study material written in English and to effectively communicate what they have learnt in English
CREDITS
Students who enrol for either the BBA or BCom degrees offered by Unisa may apply for an exemption for the following modules once they have enrolled for one of these degree courses:
Module Required module(s)
Financial management (FIN2601) or PFIN015
Finance for non-financial managers (FIN2603)
Risk management (RSK2602) PFIN049
NQF LEVEL
NQF level 6
48 credits
The programme does not entitle a student to admission for any degree course. The normal admission requirements for a degree course must be met.
REGISTRATION
The registration period is from 1 December to 24 March 2018.
CONTENT
Students must complete the following compulsory modules:
Code Module
PFIN015 Introduction to Financial Management
PFIN026 Financing and Investment Decisions
PFIN038 The Management of Working Capital
Students must choose one of the following modules as their fourth module:
PFIN049 Risk management or
PFIN05A Tax planning
CONTENTS OF THE COURSE
The contents of the various modules are as follows:
Introduction to financial management (PFIN015)
The goal of financial management
Understanding financial statements
The analysis of financial statements Time value of money
Risk and return
The valuation of financial assets
Financing and investment decisions (PFIN026)
Capital budgeting techniques Cost of capital
Financing Dividend policy
The management of working capital (PFIN038)
Inventory management
The management of accounts receivable
Cash management
Risk management (PFIN049)
The identification of risk
The management of pure risk
The management of financial risk
Tax planning (PFIN05A)
Planning and avoidance of tax Income tax: income
Income tax: deductions and allowances Tax strategy and structuring
Value-added tax, estate duty and donations tax