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Financial Managment

National N Diploma: FINANCIAL MANAGEMENT N4- N6 NQF L6

Minimum Duration : Three Years

First 18 months – Theoretical Studies

Second 18 months – Practical work experience/Internship

•Financial Manager

•Credit Manager

•Cash Manager

•Risk and Insurance Manager

•Treasurer

Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management. The significance of this function is not only seen in the Line but also in the capacity of Staff in overall administration of a company. This programme is a National N Diploma


Career Opportunities:

Financial managers’ responsibilities vary according to position. Specific titles include controller, treasurer or finance officer, credit manager, cash manager, and risk and insurance manager. Controllers prepare special reports as required by regulatory authorities and oversee the preparation of financial reports, such as income statements, balance sheets, and analyses of future earnings or expenses, which describe and predict the organization’s financial position. In many firms, controllers supervise the accounting, audit, and budget departments.

Specialization:
Finance managers commonly focus on systems integration, business strategies, e-commerce, technology consulting, and human resources. Candidates for financial management positions need a broad range of skills. You should be a creative thinker and problem-solver. Interpersonal and communication skills are critical, because these jobs involve managing people and fostering teamwork to solve financial problems. You will need to be comfortable with the latest computer technology. And as financial operations are increasingly affected by the global economy, successful managers must have knowledge of international finance.

Financial managers’ responsibilities vary according to position. Specific titles include controller, treasurer or finance officer, credit manager, cash manager, and risk and insurance manager. 

Admission Requirements: N4 Level:

1) National Certificate (Matric) or its equivalent qualification with a pass in the following subject:

English Language level 3 (40% above)
Mathematics/Mathematical Literacy level 3 (40% above) Economics level 3 (40% above)
Any of the following: Accounting level 3 (40% above) Business Studies level 3 (40% above)


DIRECT ADMISSION INTO:
N5 level: Have successfully passed N4 in the same field of studies
N6 level: Have successfully passed N5 in the same field of studies

N4
Entrepreneur & Business Management 

Financial Accounting 

Management Communication 

Computerised Financial System 


N5
Entrepreneur & Business Management 

Financial Accounting 

Cost Management Accounting 

Computerized financial system 

Economics

N6

Entrepreneur & Business Management 

Financial Accounting 

Cost & Management 

Accounting 

Computerized Financial System 

Economics

Varsity Institute of Science & Technology is accredited with: