Advanced Diploma in Financial Planning
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Advanced Diploma in Financial Planning
Purpose:
The primary purpose of the Advanced Diploma in Financial Planning is to provide learners with in-depth knowledge and practical expertise in the field of finance. This vocational qualification, offered over a one-year full-time period, aims to prepare learners for careers as Financial Planning Specialists, Wealth Planners, Portfolio Managers, and other related roles. It equips learners with a strong theoretical foundation in finance, along with practical skills that can be applied in the workplace or entrepreneurial environment. Successful completion of this qualification enables learners to pursue various career paths in the financial sector and meet industry needs for skilled professionals.
Rationale:
The Financial Advisory and Intermediary Services Act (2002) mandates financial services providers to hold relevant qualifications, thereby creating a demand for skilled professionals in the financial services sector. The need for financial skills was also highlighted in the FASSET Sector Skills Plan-2012 Report, indicating a shortage of financial service professionals in South Africa. By completing this qualification, learners will be equipped to assist consumers in making sound financial planning decisions, addressing complexities and uncertainties they face. Additionally, the qualification aligns with the vision and mission of the Tshwane University of Technology to provide 21st-century skills in commerce. Collaboration with the Financial Planning Institute ensures that the modules are aligned with industry standards, contributing to the reduction of scarce financial planning skills nationally.
Overall, the Advanced Diploma in Financial Planning is designed to meet industry requirements, provide practical skills, and offer a pathway for learners to advance their qualifications in the field of finance.
Outcomes
- Understand, apply and evaluate the key terms, concepts, facts, principles, rules and theories of financial planning### and detailed knowledge of Finance, Asset Management, Estate and Tax Planning, Advance Business communication, Risk Management and Retirement Planning and how that knowledge relates to economics and management studies.
- Demonstrate an understanding of a range of methods of enquiry in a field of business studies, and their suitability to specific investigations### and the ability to select and apply a range of Finance, Asset Management, Estate and Tax Planning, Advanced Business Communication, Risk Management and Retirement Planning to resolve problems or introduce change within financial planning.
- Take decisions and actions ethically and professionally, and the ability to justify those decisions and actions drawing on appropriate ethical values and approaches within a supported environment.
- Develop appropriate processes of information gathering through the use of business data management techniques### and the ability to independently validate the sources of data and evaluate and manage the information.
- Develop and communicate financial planning ideas and opinions in well-formed arguments, using business data management techniques relevant to occupational discourse.
- Identify, evaluate, and address his or her learning needs in a self-directed manner, and to facilitate collaborative learning processes against given criteria.
Assessment Criteria
Associated Assessment Criteria for Exit Level Outcome 1
- Explanation of key terms, concepts, facts, principles within asset management, estate and tax planning, finance, retirement planning, advanced business, and risk management in the field of business studies.
Associated Assessment Criteria for Exit Level Outcome 2
- Identification, selection, and evaluation of information in Asset Management, Estate and Tax Planning, Retirement Planning, Business Communication, and Risk Management to address complex or abstract real-life problems professionally.
- Selection and explanation of methods and procedures in asset management, estate and tax planning, finance, advanced business communication, and risk management to address complex or abstract real-life problems professionally.
Associated Assessment Criteria for Exit Level Outcome 3
- Explanation and application of awareness of the complexity of professional standards and ethical implications of decisions and actions in a professional manner within the field of business studies.
Associated Assessment Criteria for Exit Level Outcome 4
- Selection, analysis, and presentation of information appropriate to financial planning using computer skills.
- Application of well-developed processes to analyse and synthesize information in financial planning and work-integrated learning practices.
Associated Assessment Criteria for Exit Level Outcome 5
- Reliable and coherent presentation and communication of complex information in asset management, estate and tax planning, retirement planning, finance, risk management, and advanced business communication using communication for academic purposes, computer literacy, and information literacy in the field of business studies.
Associated Assessment Criteria for Exit Level Outcome 6
- Evaluation of learning and work performance, specific learning needs, teamwork, responsibility for own actions and actions of others against given criteria using work-integrated learning and life skills relevant to financial planning.
Integrated Assessment
- Formative Assessment: Theoretical assessment through written tests, assignments, and simulated practical assessments to test foundational skills in financial planning.
- Summative Assessment: Demonstration of evidence through a variety of options such as a portfolio of learning materials, projects, written examinations, and practical exercises for the assessment strategy as a whole.
Qualification Details
- Type
- Advanced Diploma
- NQF Level
- 07
- Min. Credits
- 120
- SAQA Source
- More Information
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