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.
