Mastering financial planning and budgets
9 March 2020
6 January 2020
The purpose and description of this short course
Financial management acumen is a sought-after skill for several key individuals in the various functions of an organisation, including the marketing, human resources, information technology, operations, and administrative functions. This essential short course covers financial management from a secondary or support perspective to ensure that sound financial management practices are applied along the value chain to advance organisational sustainability.
In this short course you will learn how to:
- Plan and compile a budget;
- Manage budget control issues;
- Apply working capital, and how it impacts the value chain of the organisation;
- Interpret financial statements as a source of information; and
- Measure, analyse and interpret an organisation’s financial performance.
Unit One Formative Assignment due:
17 April 2020
Unit Two Formative Assignment due:
15 May 2020
Unit Three Formative Assignment due:
12 June 2020
Summative Assignment (all units) due: 22 July 2020
26 August 2020 (Resubmission)
Basic Financial Management. 2nd Ed. (2018)
Authors: Conradie, W.M. & Fourie, C.M.W.
ISBN: 978 1 48512 594 5
Prescribed textbooks are not included in the study fee
This short course consists of three (3) easy to follow study units.
Complete 3 formative assignments and 1 summative assignment to qualify for the certificate in
Financial Management: Mastering financial planning and budgets
Financial Management as a Business Function
- Relationships between financial and other functions in the organisation
- Managerial functions of financial management
- Concepts of financial management
- The business cycle
- The primary accounting equation
- Cash book, general ledger, bank reconciliation, trial balance, income statement and balance sheet
Analysing and interpreting financial statements
- Analyse and interpret financial statements
- Calculating and interpreting financial ratios
- Calculating and interpreting the break-even point
- Calculating and interpreting simple interest and compound interest
Budget preparation techniques and control measures
- Compile and understand the purpose of different budgets: master budget, sales budget, production budget, labour budget, cash-flow budget, marketing budget
- Financial statements: budgeted income statement, budgeted balance statement
- Planning: Financial forecast, budget variance (actual vs budget)
Entry Requirements: Grade 12 (If you have not completed Grade 12 (matric) then you must be older than 23 years and have 2 years work experience)
The importance of doing a short course
Our online short courses are flexible programmes that allow for both flexibility of time, and flexibility of location. In other words, you can work through the required coursework at a time during the day when it suits you best. Furthermore, you can study in a location that works for you. So, you can really study anywhere, anytime.
The short courses are structured in such a way that you complete compact units of learning within specific timeframes. Each unit is just enough, with applicable industry related content that can be practically applied for personal or professional gain. Because of the short courses’ nature of “just in time” and “just enough” learning, these non-credit bearing courses are naturally in high demand.
Doing a short course will be ideal if you want to:
- Gain up-to-date knowledge, skills and best practices applications in a particular field;
- Expand your competencies and knowledge to a particular field;
- Gain specialised knowledge and skills that is transferrable to the workplace;
- Empower yourself with the ability to adapt to innovation and change in a specific industry or field;
- Develop skills, attitude and knowledge in a specific field for personal or professional gain.
- Furthermore, showcasing the newly gained skills and abilities obtained from completed short courses can:
- Highlight your CV as an employee candidate of choice;
Improve your chances to access higher education, particularly in cases where you did not meet the normal and formal entry requirements of a programme;
The secondary purpose of the short courses is to up-skill predominantly unskilled and/or semi-skilled individuals, who are mostly from disadvantaged backgrounds. Short courses create opportunities for previously disadvantage individuals to participate in life-long learning and in the process become active role players in the economy and society at large.
Moreover, the short courses support the vision of the College which is to “create prosperity through knowledge.” In addition, the College’s mission to “allow each and every willing and able person, regardless of race, gender, background, disability or age; the opportunity to be educated with basic and advanced skills in such a way that the acquired knowledge can be practically and innovatively utilised in any working environment the individual may wish to enter”, is further enabled through our short course offerings.
Although students who complete a non-credit bearing short course may not qualify for credits on any level of the HEQSF, they may include the information, provided in the academic transcript, to enhance their Curriculum Vitae (CV) or to substantiate a portfolio of evidence (POE) in order to obtain recognition of prior learning (RPL) for access and/or advanced standing for a related programme (Council on Higher Education, 2016).
The short courses are BMT College programmes that are quality assured by our internal higher education structures and approved by our Academic Council, as per the best practices and guidelines of the Council on Higher Education (CHE) for the offering of short learning programmes by higher education institutions. The short courses are therefore not accredited by an external body.
BMT College is registered as a private higher education institution with the Department of Higher Education under the Higher Education Act, 1997, Registration No. 2011/HE07/002. Our full qualifications are accredited by the Council on Higher Education (CHE).
Pricing and Payment Plans
Payment schedule for the short course