The N5 Financial Management curriculum helps you build advanced finance skills. It is the second step in the NATED programme and prepares you for bigger responsibilities in the finance world.
What You Need To Know About N5
The N5 Financial Management course is the next step after N4. It teaches you more advanced skills to handle finance tasks. Completing N5 takes you closer to your National Diploma in Financial Management, which can lead to better jobs in the finance field.
What Qualification Is N5?
N5 is a National Certificate in Financial Management. It shows that you have passed the second level of the NATED programme. This qualification gives you the skills to work in finance or continue to the final level, N6.
What Are The Subjects In N5 Financial Management?
The N5 course has four main subjects. Each one teaches you important skills for working in finance. Here is a table with the subjects and what they are about:
| Subject | What You Will Learn |
|---|---|
| Financial Accounting N5 | Learn how to prepare and analyse financial statements. You will also study how to record business transactions and understand if a company is doing well financially. |
| Cost and Management Accounting N5 | Learn to manage costs and create budgets. You will study ways to calculate costs for products or services, helping businesses save money and plan better. |
| Computerised Financial Systems N5 | Learn to use finance software. This subject shows you how to manage accounts and budgets using advanced tools that make finance tasks faster and easier. |
| Entrepreneurship and Business Management N5 | With this subject, you will learn the necessary theoretical skills needed in financial management. You will focus on operations management, controlling the business, staffing and much more. |
Assessment And Award
The N5 Financial Management course includes assignments and exams. These are designed to help you learn and show your skills.
- Assignments: You will complete assignments during the course. These tasks help you practise what you have learned and prepare for exams.
- Exams: At the end of the course, you will take exams for each subject. Passing these exams is required to get your N5 certificate.
When you pass your assignments and exams, you will be awarded an N5 certificate in Financial Management. This qualification shows that you have completed the second level of the NATED programme and are ready for more advanced roles or further studies.
How Many Years Is N5?
The N5 Financial Management course takes about 12 months to complete. During this time, you will study the subjects, do assignments, and prepare for exams. If you stay focused and complete the work on time, you can finish N5 in one year.
Financial Management Course Fees
The cost of the N5 Financial Management course depends on where you study and your payment plan. Skills Academy offers flexible payment options to help you afford the course. For more information about fees, you can contact Skills Academy directly.
With this information about the N5 Financial Management course, let us move on to Moving Through Financial Management Levels to see what happens next in your studies.
Moving Through Financial Management Levels
The NATED Financial Management programme helps you step by step to build the skills you need for a career in finance. Each level adds more knowledge and prepares you for the next.
Here, we will explain the difference between N4 and N5 and why it is important to complete them in order.
What Is The Difference Between N5 And N4?
N4 is the starting level of the NATED Financial Management programme. It teaches the basics of finance, like managing money, keeping records, and understanding simple financial statements.
N5 is the next level and builds on what you learned in N4. At this level, you learn more advanced topics like budgeting, using finance software, and creating detailed reports. Completing N5 prepares you for N6, which is the final step in the programme.
Can You Skip N5 And N4?
No, you cannot skip N4 or N5. Each level must be done in order. This is because each level teaches you the skills you need for the next one.
At Skills Academy, you can enrol in a programme that lets you study all three levels—N4, N5, and N6—at the same time. But you still have to complete each level in the right order to make sure you learn everything properly.
With this understanding of how the NATED programme works, let us explore How to Get Started with N5 to see how you can begin your journey in Financial
How To Get Started With N5
Starting your N5 Financial Management course is simple when you know what is required. Here, you will learn about the requirements, assessments, and how to apply.
Entry Requirements
To enrol in the N5 Financial Management course at Skills Academy, you need to meet these requirements:
- Completed N4 Qualification: You must pass the N4 Financial Management course before starting N5. This ensures you are ready for the next level.
- Matric Certificate: A matric certificate is needed to begin N4, which leads to N5. But if you do not have a matric, there are great options for you:
- Matric Courses: Skills Academy offers courses to help you get your matric certificate. You can do a matric upgrade or adult matric. Once you complete this, you can enrol in N4 and then move to N5.
- Provider Financial Management Courses: These courses do not need matric. They teach you practical finance skills and are perfect if you want to start working quickly. However, they do not lead to a diploma.
Application Process
Follow these steps to apply for the N5 Financial Management course at Skills Academy:
- Visit the Website: Go to the Skills Academy website and find the N5 Financial Management course.
- Speak to a Course Advisor: Contact one of our friendly advisors. They will answer your questions and guide you through the application process.
- Fill Out the Application Form: Complete the form with your personal details and select the N5 course.
- Submit Your Documents: Provide your ID and proof of completing N4.
- Choose a Payment Plan: Pick a payment option that suits your budget.
- Start Studying: Once your application is approved, you can begin your course and work towards your certificate.
With everything you need to get started with N5 covered, let us look at the Jobs You Can Do with N5 and discover the career opportunities waiting for you.
Jobs You Can Do With N5
An N5 Financial Management certificate gives you many options. You can continue studying to get more qualifications or start working in finance. Let us look at what you can do with this certificate and the jobs you can apply for.
What Can I Do With My N5 Certificate?
With an N5 certificate, you can choose one of two paths:
- Keep Studying: After N5, you can move on to the N6 Financial Management course. When you finish N6 and complete 18 months of work experience, you can apply for a National Diploma. This diploma helps you get better jobs and earn more money.
- Start Working: You can also use your N5 certificate to find a job in finance. These jobs help you earn money and gain experience to grow in your career.
N5 Financial Management Jobs
Here are some jobs you can apply for with an N5 certificate:
- Accounts Clerk: Keeps track of financial records, processes invoices, and makes sure payments are made on time. This job helps keep a company’s finances organised.
- Payroll Assistant: Tracks work hours and helps process payroll to ensure employees are paid correctly. This job requires attention to detail.
- Finance Assistant: Helps the finance team with budgets, tracking expenses, and preparing reports. This role is great for learning more about finance.
- Junior Bookkeeper: Records transactions, balances accounts, and manages invoices. These tasks are important for keeping accurate financial records.
- Administrative Assistant in Finance: Helps with office tasks and supports the finance team. This is a good way to learn about finance while gaining experience.
Can I Go To University With An N5 Certificate?
No, an N5 certificate alone does not qualify you to go to university. Universities usually need a matric certificate and other qualifications. Completing N6 and earning a National Diploma may help if you want to study further.
With these job options and opportunities, let us look at Pay and Demand for Financial Managers to see how much you can earn and how in-demand these jobs are.
Pay And Demand For Financial Managers
A career in financial management is a smart choice. It offers good salaries and plenty of job opportunities. Let us look at how much you can earn as a financial manager, the starting salary, and if financial management is in demand in South Africa.
How Much Do Financial Managers Earn?
Financial managers in South Africa earn between R30,000 and R50,000 per month. How much you earn depends on your skills, experience, and where you work. People in senior positions or big companies often earn more.
What Is The Lowest Salary For A Financial Manager?
The starting salary for a financial manager is around R20,000 per month. This is a great amount for someone just starting their career. With more experience, your salary will increase.
Is Financial Management In Demand In South Africa?
Yes, financial management is in demand in South Africa. Companies need skilled people to manage their budgets, track expenses, and help them grow. With a qualification in financial management, you have a good chance of finding a job.
Financial management is a great career if you want good pay and lots of job opportunities. Whether you are just starting or want to grow in finance, Skills Academy can help. Contact us today to enrol in a Financial Management course and start your journey to success!
Frequently Asked Questions
Yes, you can study Financial Management even if you do not know accounting. The course will teach you the basics, so you will learn everything you need.
To pass the N5 course, you need to get at least 50% in each subject. This includes your assignments and exams.
It takes about 36 months to finish N4 to N6. Each level takes 12 months, and after N6, you need 18 months of work experience to get your diploma.
No, N5 is not a diploma. It is the second level of the NATED programme, and you need to finish N4, N5, and N6, plus 18 months of work experience, to get a diploma.
No, the N5 course takes 12 months to complete. This gives you enough time to study, do assignments, and pass your exams.
