Based on Unit Standard 7468:
NQF Level 4
Day 1: Introduction to Finance
- The typical financial structure of a company
- What is finances
- What is income and expense
- Common financial jargon explained
- What is an asset
- Main classification of assets
- Compile a personal budget
- Planning to apply the budget function in organizations
- The basic approaches to budgeting
Day 2: Advanced finance made easy
- What is interest
- Simple and Compound interest calculations
- The Repo Rate and how it affects the economy and yourself
- The SARB Monetary Policy
- Definitions of Inflation
- Depreciation
- Inflation targeting
- What is an inventory
- Inventory control
- Risks associated with Inventory Control