Advanced Diploma in Financial Management
Business, Commerce and Management Studies - Generic Management
Purpose and Rationale
Qualification Overview
Purpose:
The purpose of this qualification is to provide learners with the competencies required to engage in the processes and inter-relationships relating to the financial management of organisations. This will provide opportunities for continued personal intellectual growth, enhanced employability, while opening access routes to additional education and training opportunities. The qualification offers a combination of theory and practice in the area of financial management, expanding the knowledge base and skills of learners in financial management. It is relevant for financial management practitioners with a qualification in financial management.
Rationale:
The Advanced Diploma in Financial Management is designed to:
- Contribute to regional and national goals by facilitating capacity building and human resource development.
- Empower learners with knowledge, skills, and competencies necessary to function and engage in processes across the supply chain.
- Recognize and cater to the career and economic needs of employed learners.
- Meet the needs of learners in various positions in the private and public sectors.
This qualification will provide a strong foundation in the principles and practice of Financial Management. It targets individuals employed in organizations with a Diploma in Financial Management who aim to enhance their knowledge, skills, and competencies in financial resource management. By enabling learners to apply integrated knowledge and advanced conceptual thinking skills, the qualification aims to improve their problem-solving abilities in financial management. The demand for this qualification is driven by the need to:
- Equip current and aspiring financial management practitioners to understand the evolving organizational and economic landscape.
- Enhance the effectiveness of current financial management practitioners within their organizations.
- Measure and enhance financial performance in organizations.
Outcomes
- Contribute to investment decisions including capital budgeting and working capital decisions.
- Contribute to financial decisions relating to the raising of finance for businesses and net profit distribution.
- Display knowledge and skills in the application of management accounting techniques.
- Demonstrate quantitative skills.
- Identify and evaluate ethical responsibilities and issues.
- Understand investment and risk management tools and its applicability.
- Understand, financial management key terms and concepts.
Assessment Criteria
Associated Assessment Criteria
- Apply theory and principles in a work-based context.
- Utilise appropriate technology in various communication modes.
- Demonstrate knowledge of financial management concepts.
- Display research skills in solving work related problems.
- Communicate acquired knowledge.
- Demonstrate an understanding of ethical issues.
- Propose solutions to problems.
Integrated Assessment
Formative Assessment
- Assignments based on learning material with feedback.
- Continuous process focusing on smaller sections of work and limited outcomes.
Summative Assessment
- Examinations or equivalent assessment like research essays or portfolios.
- Determines a representative selection of practiced outcomes.
- Tests ability to manage and integrate a large body of knowledge for module outcomes.
Qualification Details
- Type
- Advanced Diploma
- NQF Level
- 07
- Min. Credits
- 120
- SAQA Source
- More Information
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This page includes information from the South African Qualifications Authority (SAQA) . Builtneat Pty Ltd trading as Study Start, has modified all or some of this information. SAQA has not approved, endorsed, or tested these modifications.