Financial Needs Analysis

R750.00

Category:

Description

COURSE DESCRIPTION

  • Access to content/material is determined by the CPD cycles as per FSCA.
  • Once courses have been purchased access to material and course will be granted until the CPD cycle ends.
  • (Cycle ends 13 May 2019 and starts back up on the 1 June 2019.)
  • Self-paced, will need to be completed before the CPD cycle ends
  • Online assessment (2 multiple choice exam attempts included.)

FIA Subscription (for FIA Members) – R 900.00

Normal Subscription (for Non-FIA Members) –  R 1 400.00

NQF Level 3 courses

NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 3 is equivalent to Grade 11 or Standard 9, and is often a stepping stone to NQF 4 and beyond.

NQF Level 4 courses

NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 4 is equivalent to Grade 12 or Standard 10 (Matric), and is a FET – Further Education and Training – category qualification.

NQF Level 5 courses

NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 5 is a National Certificate or National Diploma and is a HET – Higher Education and Training – category qualification

NQF Level 6 courses

NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 6 is a Bachelors Degree or Higher Diplomaand is a HET – Higher Education and Training – category qualification.

COURSE CONTENTS

Unit 1 – Analyse the financial statements of an individual/ organisation

  • Discuss the purpose of Financial Statements for individuals and businesses;
  • The purposes of an income and expenditure statement are explained, and an indication is given of how often these statements are required for two case studies;
  • Sources of income and expenditure are identified for two different kinds of financial statements;
  • Sources of income and expenditure are explained with reference to an income and expenditure statement;
  • An Income Statement is analysed and evaluated in terms of equity or financial net worth;
  • The situations when an assets and liabilities statement is required are listed and an indication is given of the advantages of keeping such records;
  • The financial strengths and weaknesses of an entity are analysed, and suggestions are made of ways to improve income and reduce costs;
  • The concept of cash flow is explained in terms of liquidity.
  • A personal assets and liabilities statement is compiled based on your own financial situation over the past year.

Unit 2 – Perform time value of money calculations

  • Explain what inflation is;
  • Understand present values vs. future values;
  • Projection of a present value into a future value;
  • Discount a future value to a present value
  • Draft your own personal Practice business plan

Unit 3 – Calculate monies available for risk finance

  • Determine the client’s current assets and liabilities;
  • Collect details of the client’s existing insurance coverage;
  • Identify cash flows available for investment;
  • Determine clients experience and attitudes towards investments;
  • Determine the client’s investment objectives.
  • Interpret the pension funds statement.

Unit 4 – Quantify the exposures to risk for an individual/ organisation

  • Determine the client’s risk management objectives;
  • Determine the client’s tolerance for investment risk by doing a risk analysis;
  • Identify the client’s expectations in terms of return;
  • Determine the client’s lifestyle and health issues.

Unit 5 – Determine potential financial solutions

  • Compare and evaluate a potential solution against key financial aspects;
  • Propose a potential financial solution to an entity.

 

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