FINANCIAL MANAGEMENT

FOR NON-FINANCIAL

MANAGERS This 3-day skills programme provides the learner with

the practical knowledge, skills, attitudes and values to

perform financial management functions within their

units at national and provincial departments.

Designed and developed by Pro-Active College,

this skills programme is aligned to the unit standard:

Manage the finances of a unit (US: 252040) NQF LEVEL 5 8 CREDITS

Apply financial analysis (US: 15236) NQF LEVEL 5 4 CREDITS

TARGET GROUP

This skills programme is designed for the public sector and is

aimed at:

• non-financial managers in the public sector; and

• any official requiring competency in financial

management in the public sector.

BENEFITS

The benefits of this skills programme

include:

• a clear understanding of the aspects

influencing financial management in

the public sector;

• a clear understanding of planning

and budgeting matters;

• exposure to the roles and

responsibilities of the various role-

players in financial management;

• understanding the impact and inter-

relationships between the various

financial management functions;

• a practical understanding of the

financial management functions that

are performed on a daily basis; and

• exposure to legislation and

prescripts regulating financial

management.

ABOUT US

Pro-Active College excels in the

education, training and development of

public and private sector officials. With

its strong focus on practical workplace

skills, Pro-Active College strives to

facilitate measurable improvements in

the productivity of client organisations.

CONTACT US

Tel: 012 346 6589

info@pscollege.co.za

www.proactivecollege.co.za

PROGRAMME OUTCOMES

On completion of this skills programme,

learners will be able to:

• demonstrate an understanding of the

key concepts of managerial finance;

• interpret financial statements;

• describe and prepare financial

forecasts;

• draft budgets according to the

operational plan of the unit;

• supervise financial management of a

unit against given requirements;

• explain financial analysis in a business

operation;

• calculate ratios to measure profitability

and resource utilisation;

• calculate ratios to measure viability;

and

• identify growth opportunities through

financial results and report the results

of financial analysis.

ENTRY REQUIREMENTS

The credit calculation in the relevant unit

standard is based on the assumption that

learners are competent in:

• communication (NQF level 4);

• mathematical literacy (NQF level 4);

and

• computer literacy (NQF level 4).

PORTFOLIO OF EVIDENCE

To be declared competent in this unit

standard the learner must be assessed by

a registered assessor and be found

competent in the following:

Formative Assessment

Consisting of classroom activities on

which the facilitator will give feedback.

Summative Assessment

This assessment consists of workplace

assignments and questions. This must be

the learners’ own individual work.

Programme Outline Learning Unit One Understand Key Concepts of Managerial Finance

Concepts of financial management

Accounting cycle

Management for results

Principles of financial management

Critical areas for financial management

Constitutional requirements for financial management

Public Finance Management Act (PFMA)

Treasury Regulations

Learning Unit Two Financial Statement Analysis and Interpretation

Financial statement analysis and interpretation

Learning Unit Three Financial Forecasts and Budgeting

Government budgets

Economic aspects and the budget framework

Fiscal policy

Fiscal framework

Medium-term expenditure framework

Medium-term Budget Policy Statement (MTBPS)

Intergovernmental relations and the revenue sharing concepts

Financial management responsibilities and accountability of government

Financial management responsibilities and accountability of departments

Detailed budget cycle in the national and provincial level of government

Learning Unit Four Supervising Financial Management

Enterprise risk management

Fraud prevention

Internal control

Strategic planning

The Standard Chart of Accounts (SCOA)

Preparation of three-year budgets

Performance management

Cash flow management

Human resource management

Supply chain management

Financial systems

Monitoring of performance

In-year monitoring of budgets

Internal auditing

Annual financial statements

External audit

Annual reports