Learning about financial management N4-N6 subjects can set you up for a great career in finance. These courses give you the knowledge and skills to handle money, plan budgets, and even run businesses.
Let’s dive into the subjects you’ll study in the Financial Management N4-N6 courses.
Subjects And Curriculum
Understanding what you’ll learn in the course is important. The subjects in N4, N5, and N6 levels build on each other. Each one teaches you the basics and then adds more advanced topics as you go. These subjects will help you succeed in the real world.
Subjects
The Financial Management N4-N6 subjects/courses include essential subjects that prepare you for handling finances in real-world settings. You’ll learn accounting, entrepreneurship, communication, and how to use financial software.
These subjects are designed to build your confidence and skills step by step. Here’s a table of the subjects for N4-N6 and what you’ll learn in each one:
| Level | Subject | What You’ll Learn |
|---|---|---|
| N4 | Financial Accounting N4 | Learn the basics of accounting. You’ll practise data entry, balance books, and work with company records. |
| N4 | Computerised Financial Systems N4 | Get hands-on with software like Pastel to manage accounts on a computer. |
| N4 | Entrepreneurship N4 | Find out how to start a business and create a business plan. |
| N4 | Management Communication N4 | Improve how you communicate at work and learn about marketing. |
| N5 | Financial Accounting N5 | Go deeper into accounting. Study how to manage stocks, partnerships, and detailed records. |
| N5 | Computerised Financial Systems N5 | Build on your software skills and learn more about accounting programs. |
| N5 | Entrepreneurship and Business Management N5 | Learn about managing people, making decisions, and running operations. |
| N5 | Cost and Management Accounting N5 | Understand how to check if a product is profitable and how to manage costs. |
| N6 | Financial Accounting N6 | Master advanced accounting skills like creating ledgers and analysing finances. |
| N6 | Computerised Financial Systems N6 | Become an expert in using Pastel and other financial software. |
| N6 | Entrepreneurship and Business Management N6 | Learn about strategic planning and running businesses globally. |
| N6 | Cost and Management Accounting N6 | Dive deeper into managing costs and figuring out future profits. |
These subjects are practical and teach you the skills employers want.
Which Subject Is Best For Financial Management?
All the subjects are important, but some stand out. Financial Accounting and Cost and Management Accounting are key for understanding money in a business. These will help you analyse numbers, make decisions, and plan wisely.
What Is The Pass Mark For The DHET Exam?
To pass the DHET exam, you’ll need to score at least 50%. The assessments include three open-book assignments you can do at home and one final exam.
The exam is set by the Department of Higher Education and Training (DHET) to make sure everyone meets the same standard. It’s important to study regularly to do well.
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Now that you know what you’ll learn, let’s explore what you need to enrol. Up next, we’ll talk about the entry requirements for these courses.
Entry Requirements
It’s important to know what you need before starting a course. Financial Management NATED courses have simple entry requirements to help you get started. Let’s look at what you’ll need to join and how you can qualify.
Requirements
To enrol in the N4 Financial Management course, you need a Matric certificate or an equivalent qualification. This means you should have finished Grade 12 or something similar. If you don’t have Matric, you can take an adult Matric course to meet the requirements.
For the next levels, you must pass the level before it. For example:
- To start N5 Financial Management, you must finish the N4 course.
- To enrol in N6 Financial Management, you need to pass the N5 course.
This step-by-step process ensures you’re fully prepared for each new level of learning.
Is N4 Equivalent To Matric?
The N4 qualification is on the same NQF Level 4 as Matric, but it’s not the same thing. Matric covers general subjects like maths and languages, while N4 focuses on practical skills like accounting and business management.
If you don’t have Matric, you can still achieve it through a distance learning programme. Once you have it, you can start with N4 and build your financial knowledge from there.
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Understanding the entry requirements is just the first step. Next, we’ll guide you through how the courses are structured, the progression path, and how long it takes to complete each level. Let’s explore what’s ahead on your journey to becoming a financial expert.
Progression And Duration
It’s helpful to know how long your studies will take and what steps are involved. Financial Management NATED courses are well-structured to guide you through each level. Let’s look at how they work.
How Long Does It Take To Complete N4 To N6 Financial Management?
The Financial Management course has three levels: N4, N5, and N6. Each level takes about 12 months to finish. If you complete all three levels, the entire course will take around three years.
After completing N6, you’ll need to do 18 months of practical work experience. This experience is a key part of earning your National Diploma. It helps you apply what you’ve learned in a real work environment.
Can You Skip N5 And N4?
No, you can’t skip levels in these courses. Each level builds on the one before it. You’ll need to pass N4 to move on to N5, and N5 is required before you can start N6.
This step-by-step process helps make sure you fully understand each topic before moving to the next one.
Do You Graduate After N6?
Completing N6 is a big step, but it’s not the final one. To graduate and earn your National Diploma, you need to finish 18 months of practical training. This work experience shows that you’re ready for a career in financial management. Once you’ve completed it, you can apply for your diploma.
How To Convert N6 To Diploma?
To get your diploma, you must submit proof of your 18 months of work experience. Your tasks during this time should match what you learned in your studies.
After this, you can apply to the Department of Higher Education and Training. Once your application is approved, you’ll receive your National Diploma.
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With a clear idea of how progression works, it’s time to explore the career options waiting for you. In the next section, we’ll look at the job opportunities available after completing your Financial Management courses.
Job Prospects
Financial management is a great field to work in. Once you complete your NATED courses, there are plenty of job opportunities waiting for you. Let’s look at what you can do with your qualifications and the next steps after studying.
Can I Apply For A Job With An N6 Certificate?
Yes, you can. An N6 certificate shows you have the knowledge and skills to work in finance. Many companies look for people with N6 qualifications because it proves you’re ready to handle financial tasks.
With an N6 certificate, you can apply for entry-level jobs. If you want even more options, completing practical training to earn your diploma can help you qualify for higher roles.
What to Do After Completing N6 Financial Management?
After completing N6 Financial Management, you have two choices:
- Work Towards a DiplomaIf you want a National Diploma, you’ll need to complete 18 months of practical training. This gives you hands-on experience and makes you more attractive to employers.
- Start WorkingUse your N6 certificate to apply for jobs. It’s a great way to gain experience and start earning while deciding if you want to study further.
Is Financial Management In High Demand?
Yes, financial management is always in demand. Every business needs people to manage their money, plan budgets, and keep track of expenses. With the right training, you can find jobs in different industries like retail, government, and banking.
What Are Careers For Financial Management?
Here are some jobs you can do based on your qualification level:
Careers With N4-N5
- Accounts AssistantAccounts assistants handle financial record-keeping and data entry tasks. They prepare invoices, track expenses, and help with monthly financial reports. This role is perfect for those starting their career in finance.
- Payroll ClerkPayroll clerks calculate employee wages, manage tax deductions, and ensure payments are made on time. They also keep records of leave, overtime, and benefits. It’s an essential role for maintaining smooth operations in any company.
- Junior Financial OfficerJunior financial officers support senior finance staff by preparing budgets, analysing expenses, and monitoring financial transactions. They play a key role in keeping a company’s finances on track and compliant with regulations.
Careers With N6
- Financial AnalystFinancial analysts review financial data to identify trends, forecast future performance, and recommend improvements. They work closely with decision-makers to help companies make smart financial decisions and grow their profits.
- Assistant AccountantAssistant accountants prepare balance sheets, reconcile accounts, and ensure all financial records comply with legal requirements. They often handle tax filings and audit preparations, making them an important part of any finance team.
- Budget OfficerBudget officers create and oversee budgets for businesses or government organisations. They ensure funds are allocated effectively, track spending, and suggest ways to save money. Their role helps organisations meet financial goals while staying within budget.
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After looking at the job options, it’s time to think about earning potential. In the next section, we’ll talk about salaries and career growth in financial management.
Earnings And Potential For Financial Management
Financial management is a great career choice if you want a steady income and room to grow. In South Africa, financial managers are well-paid, and their salaries improve as they gain experience. Let’s take a look at what you can expect to earn in this field.
How Much Does A Financial Manager Earn Per Month?
The monthly salary for financial managers can vary depending on experience, the size of the company, and the industry. Here’s what to expect:
- Average Monthly Salary: Most financial managers earn around R49,360 per month.
- Entry-Level Positions: If you’re just starting out, you could earn about R30,000 per month.
- Experienced Professionals: With more experience, you can earn up to R78,000 per month.
These numbers show that financial management is a career with good earning potential. Over time, your salary can grow as you gain more skills and experience.
What Is The Lowest Salary For A Financial Manager?
If you’re new to the field, the starting salaries may be lower, but they still offer a good start for your career:
- Lowest Reported Salary: Entry-level financial managers earn about R25,000 per month, or around R300,000 per year.
- Typical Starting Salary: Many beginners earn an annual salary of about R368,000, which is about R30,667 per month.
Even at the starting level, these salaries are competitive and offer room for improvement as you grow in your role.
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Financial management offers excellent earning potential and plenty of room to grow. With hard work and the right training, you can achieve success in this field and enjoy a stable, rewarding career.
Frequently Asked Questions
NATED means National Accredited Technical Education Diploma. It is a programme that teaches both theory and practical skills to help you get ready for work.
DHET stands for the Department of Higher Education and Training. This department makes sure that all colleges and universities follow the right rules for education in South Africa.
If you have a diploma in financial management, you can earn between R25,000 and R49,360 per month. People with more experience can earn even more, especially in bigger companies.
Yes, some universities accept an N6 Financial Management certificate. You might also need to meet extra requirements or take a bridging course, depending on the university.
Yes, you can. Some financial management courses do not require you to have accounting. These courses will still teach you all the skills you need to work in finance.
