If you want to study NQF Level 5, you probably have questions about what it is and how much it costs. This level helps you build advanced skills that can lead to great jobs or further studies. In this article, we will explain:
- What NQF Level 5 Is All About,
- The Courses That Fall Under NQF 5,
- The Cost Of Study
- And More.
Understanding NQF Level 5 And Its Cost
NQF Level 5 is a recognised qualification that gives you skills for your career or higher education. It is part of the NATED programme and includes courses like N4, N5, and N6 in financial management.
Plus, knowing how much is NQF 5 plays a big role is choosing the best course for you. These courses are designed to teach both theory and practical skills.
We will also talk about the cost of these courses. Studying is an investment in your future, and knowing what to expect can help you plan better.
What Is Qualification Level 5?
NQF Level 5 is a qualification that comes after matric (NQF Level 4). It teaches more advanced topics and helps you gain practical skills for the workplace.
In financial management, NQF Level 5 includes the NATED courses N4, N5, and N6. These courses teach subjects like accounting, budgeting, and using finance software.
Once you complete N4, N5, and N6, and do 18 months of work experience, you will earn a National Diploma. This diploma is recognised as an NQF Level 6 qualification.
Is NQF 5 Good?
Yes, NQF Level 5 is a very good qualification. It shows that you have learned important skills and knowledge for your career. In financial management, it proves that you understand topics like accounting, cost management, and running a business.
Employers value NQF Level 5 because it includes both theory and practical training. This means you will be ready to start working or move on to more advanced studies.
How Much Is NQF 5 In South Africa?
The cost of NQF Level 5 courses depends on the course and the provider. At Skills Academy, we aim to make studying affordable with flexible payment plans.
Here are the NATED courses included in NQF Level 5:
- N4 Financial ManagementThis is the first course. It introduces you to the basics of finance, including accounting and entrepreneurship.
- N5 Financial ManagementThis is the second course. It builds on what you learned in N4 and includes more advanced topics like cost management and financial software.
- N6 Financial ManagementThis is the final course in NQF 5. It prepares you for real-world financial management tasks and leads to a National Diploma after 18 months of work experience.
Each course is paid for separately, making it easier to manage the costs. You can contact Skills Academy for detailed pricing and payment options.
Understanding the value and cost of NQF Level 5 is the first step to planning your education. In the next section, we will dive deeper into the courses offered and what you will learn.
NQF Level 5 Courses
NQF Level 5 courses are a great way to learn advanced skills and prepare for a career in finance. At Skills Academy, we offer these courses online, so you can study from anywhere at your own pace. Let us take a closer look at what these courses include.
NQF Level 5 Courses Online
At Skills Academy, you can study all our NQF Level 5 courses through distance learning. This means you do not have to travel or attend classes in person. You can study at home and get help from tutors whenever you need it.
Here are the NATED Financial Management courses we offer that are part of a NQF 5 qualification:
- N4 Financial Management
- N5 Financial Management
- N6 Financial Management
These courses are designed to teach you everything you need to know about financial management, including practical skills you can use in the workplace.
Course Content
Each NATED course in financial management covers important topics. Here is a breakdown of the subjects for each level and what they teach:
| Course Level | Subject | What You Will Learn |
|---|---|---|
| N4 | Financial Accounting | Learn the basics of accounting, such as recording financial transactions, balancing books, and preparing financial statements. You will also learn how to handle budgets and manage a company’s financial records. |
| Computerised Financial Systems | Gain hands-on experience using software like Pastel to manage payroll, create invoices, and track transactions. This subject focuses on the practical application of technology in finance. | |
| Entrepreneurship and Business Management | Understand how to start and manage a business. You will learn how to create a business plan, develop budgets, and make strategic decisions to ensure the success of a business. | |
| Management Communication | Develop communication skills needed in a business setting. This includes writing professional reports, communicating clearly in meetings, and working effectively in a team. | |
| N5 | Financial Accounting | Build on what you learned in N4 with more advanced accounting topics. Learn about cash flow management, analysing financial data, and handling complex financial records. |
| Computerised Financial Systems | Learn advanced features of financial software to create detailed financial reports, track budgets, and ensure compliance with financial regulations. | |
| Entrepreneurship and Business Management | Focus on making strategic decisions for long-term business growth. You will also learn about managing operations, hiring employees, and solving business challenges. | |
| Cost and Management Accounting | Learn how to manage and reduce business costs. This subject covers topics like preparing budgets, calculating costs for projects, and improving profitability through effective cost control. | |
| N6 | Financial Accounting | Master advanced accounting skills, including preparing financial statements for year-end reporting, tax planning, and auditing. You will also learn how to evaluate financial performance and make recommendations for improvement. |
| Computerised Financial Systems | Explore how to automate financial processes and use software to ensure accurate reporting and analysis. This subject prepares you to handle large-scale financial operations with confidence. | |
| Entrepreneurship and Business Management | Study leadership and how to manage business risks. You will learn how to expand a business, create strategic plans, and manage resources effectively. | |
| Cost and Management Accounting | Discover advanced techniques in budgeting and forecasting. Learn how to analyse financial trends and use data to plan for the future success of a business. |
These subjects give you the knowledge and skills you need to succeed in financial management.
Assessments
The NATED Financial Management courses include assessments to check what you have learned. Here is how they work:
- Internal AssessmentsThese include assignments and tests that you complete during the course. They help you practise what you have learned and prepare for your exams.
- External ExamsAt the end of each course (N4, N5, and N6), you will write external exams. These exams are set by the Department of Higher Education and Training (DHET) and test your understanding of the course material.
- Work-Based LearningAfter completing N6, you can do 18 months of practical work experience. This helps you use your skills in real-life situations and is required to get your National Diploma.
Accreditation
All our NATED courses are fully accredited. They are approved by the Department of Higher Education and Training (DHET) and the Quality Council for Trades and Occupations (QCTO).
This means the qualifications you earn are recognised by employers and educational institutions across the country. With an accredited course, you can be sure your hard work will pay off.
You now know all about the NQF Level 5 courses, what they include, and how they are assessed. Next, we will talk about the Entry Requirements, Duration, and Enrolment Process to help you start your journey.
Entry Requirements, Duration, And Enrolment Process
Studying NQF Level 5 in Financial Management is an exciting opportunity. Before you start, you need to know what is required, how long it takes, and how to enrol. This section will make everything clear and simple.
Entry Requirements
To study NATED courses in Financial Management, you need to meet these requirements:
- Matric CertificateYou must have a matric certificate or an equivalent qualification. This shows that you have the basic skills needed to succeed in the course.
- Start with N4You begin with the N4 course. After completing N4, you can move on to N5 and then N6. Each level builds on the previous one.
How Long Does It Take To Complete NQF 5?
The NQF Level 5 qualification includes three courses: N4, N5, and N6. Each course takes between six and twelve months to finish. If you study full-time, you can complete all three levels in about one and a half years.
For part-time or distance learning, it might take closer to three years, depending on how much time you can dedicate to your studies.
Register Now
Enrolling at Skills Academy is easy. Just follow these steps:
- Check Your RequirementsMake sure you have a matric certificate or are ready to start with a provider course if you do not meet the requirements.
- Contact UsCall, email, or visit our website. Our friendly advisors are ready to help you choose the right course and guide you through the process.
- Complete the Application FormFill in your details and select the course you want to study. You can do this online or with help from our advisors.
- Submit Your DocumentsSend us your matric certificate or proof of qualifications. This ensures you meet the requirements for the course.
- Choose a Payment PlanWe offer flexible payment plans to make studying affordable. Speak to our advisors to find the plan that works best for you.
- Start StudyingOnce your registration is complete, we will send you your study materials. You can begin your course and study at your own pace.
Now that you know how to qualify, how long it takes, and how to enrol, it is time to explore what happens next. In the next section, we will look at the exciting paths available after completing your NQF Level 5 qualification.
Career And Academic Opportunities
Completing an NQF Level 5 in Financial Management opens up many opportunities for your future. You can decide to keep studying or start working. Both options can help you build a successful career in finance.
What Can I Do After Level 5?
After completing your NQF Level 5, you have two choices:
- Continue StudyingOnce you finish N6 you can then do 18 months of work experience. After this is complete you will earn a National Diploma which is a NQF 6. This diploma shows employers that you have advanced skills and real-world experience.
- Start WorkingWith your NQF Level 5 qualification, you can apply for entry-level finance jobs. These roles allow you to use what you have learned and gain experience. Jobs like Accounts Clerk, Bookkeeper, and Financial Administrator are great starting points.
How Much Is Level 5 Salary?
If you have an NQF Level 5 qualification in Financial Management, you can expect to earn around R13,000 per month. Your salary will depend on your job role, location, and level of experience.
Some entry-level roles for people with NQF Level 5 include:
- Accounts ClerkMonthly Salary: R12,500 – R15,000.
- BookkeeperMonthly Salary: R15,000 – R18,000.
- Financial AdministratorMonthly Salary: R16,000 – R20,000.
These figures are averages and may vary depending on the company you work for and the skills you bring to the job.
Can I Apply to University With NQF 5?
Yes, you can apply to university with an NQF Level 5 qualification, like a Higher Certificate. However, universities have different requirements for admission.
Some may ask for additional qualifications or bridging courses before you can start a degree program. It is always best to check with the university to find out what they need.
An NQF Level 5 qualification in Financial Management is a great start to your career. It gives you the skills you need to get a job or continue studying for higher qualifications. With this certificate, your future is full of possibilities.
Looking for a program that fits your goals? Talk to us about how our courses can help you succeed in finance management.
Frequently Asked Questions
NQF Level 5 is the same as a Higher Certificate or the learning part of a National Diploma. It is more advanced than matric and helps you get ready for work or further studies.
No, N3 is not the same as matric. Both are NQF Level 4, but N3 focuses on technical and practical training. You can use N3 to apply for some jobs or courses, but it is not a traditional matric.
NCV stands for National Certificate Vocational. It is a type of qualification that teaches hands-on skills for specific jobs. NCV is a good choice if you prefer practical learning instead of traditional matric.
NQF Level 5 is usually a Higher Certificate or part of a National Diploma. To get a full diploma, you need to complete N4, N5, N6, and 18 months of work experience, which is NQF Level 6
No, NQF Level 5 is not matric. Matric is NQF Level 4, while NQF Level 5 is a higher level that gives you more advanced knowledge and skills.
