This topic of the fundamentals of financial management course deals with the fundamentals of financial management. These financial accounting principles will help you understand the important role of finances in building a sustainable and successful business for the future.

This topic aims to increase your understanding of accounting principles and practices by solving the following problems:

• What are the fundamentals of financial management?
• How do I work towards financial sustainability in my business?
• How can I start making better business decisions that lead to success?
• How do I keep track of the finances of my business?
• How do I know what my business is worth and why does it matter?
• What basic accounting terminology do I need to know?

This topic is for current and aspirational entrepreneurs who want to do business
finances right and make a success of their professional career.

• Do you want a better understanding of the role of financial management for sustainability?
• Do you want a better understanding of the role of financial accounting in running your business?
• Do you want to equip yourself with the necessary knowledge and practices to make more effective decisions and better manage your finances?
• Do you want to develop effective financial strategies to excel in your professional career?
• Do you want to improve your understanding of the fundamentals of financial management?
• Are you doing the finances of your business yourself?
• Are you a strategic decision maker for your business?
• Do you want to remain relevant in an ever-changing world of work?
• Do you want to embrace life-long learning and work towards recognized qualifications?

Then this topic if for you!

This is a online course with learning material and assignments.  The duration is based on your own pace and motivation.

This time commitment includes working through online content, completing assesments, reflection activities and any additional reading and enrichment activities to translate the content into your current situation.

Every course consists of a series of topics that aim to solve problems you could be facing in your business as an entrepreneur. Each topic contains a number of lessons, each with a variety of activities and resources designed to aid your learning process.

• Work through the content in each lesson
• Take time to complete the progress quizzes to check your understanding
• Explore any additional resources to gain access to valuable sources
• Take time to reflect how you will apply the knowledge in your own business

Basic Requirements

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• Internet Explorer 10 and below
• Safari 7 and below

You will be awarded a badge for every topic you complete with MyElearning so that you can build up your online learning profile.

Additional Accreditation Options:

The completion of all the relevant topics in this course will provide a delegate with supporting evidence to earn credits towards a different accredited course or skills programmes, such as Business Management, Business Advisory Services and or New Venture Creation on NQF Level 4 and NQF Level 5.

If you are interested to earn credits after completing the programme, you are more than welcome to contact any of the accredited training providers. 

Please take note of the following important information with regards to earning credits on the NQF through the RPL (Recognition of Prior Learning) process:

• You will need to complete all the topics of this course to qualify for accreditation.  The completion of the assignments linked to each topic can provide some of the required evidence.
• You will need to register as a learner on the programme through an accredited training provider. 
• An Accredited Provider can guide you on the appropriate qualification and the process that you should follow to earn credits that will be relevant for your career path.  You will also receive guidance on compiling your portfolio of evidence.
• The Provider can provide you with the appropriate assessment tools that you will have to complete, in order to be found competent on the credits.
• It will be your responsibility to pay for the additional costs of the provider and the assessments and NLRD (National Learners Records Database) uploads.