The N6 Financial Management curriculum is for students who want to learn advanced financial management skills. It helps prepare students for jobs in finance by teaching important knowledge and skills.
What Is The N6 Financial Management Course?
The N6 Financial Management curriculum is the last part of the NATED Financial Management programme. It teaches advanced financial skills that help students manage business finances.
What Is N6 In Financial Management?
N6 is the final level in the NATED Financial Management programme. It builds on what you learn in the N4 and N5 courses. When you complete N6 you can start applying for work to gain experience in your chosen field.
What Does N6 Stand For?
N6 stands for National Certificate Level 6. It is a recognised qualification in South Africa, approved by the Quality Council for Trades and Occupations (QCTO).
Is N6 A Good Qualification?
Yes, N6 is a valuable qualification. It is well-recognised and teaches skills that are needed in the finance field. It also improves your chances of getting a good job in financial management.
National Certificate: N6 Financial Management
The N6 Financial Management curriculum combines theory and practical training. It helps students get ready for the financial world.
Course Information
Here is a quick look at some important information related to this course.
| Course Name | N6 Financial Management |
|---|---|
| Accreditation | QCTO |
| Award Type | National Certificate |
| SAQA ID | 66998 |
| NQF Level | Level 6 |
| Course Duration | 12 Months |
| Entrance Requirements | N5 Financial Management National Certificate |
N6 Financial Management Subjects
The N6 Financial Management curriculum includes important subjects to help you build skills in managing money for businesses. The following subjects combine practical knowledge with theory to prepare you for real-world jobs:
- Entrepreneur and Business Management N6Financial Accounting N6
- Cost and Management Accounting N6
- Computerised Financial Systems N6
Entrepreneur and Business Management N6
This subject teaches you how to run a business successfully. You will learn:
- How to plan and manage a business.
- How to create strategies for growth.
- How to deal with challenges and make smart business decisions.
It is a useful subject if you want to start your own business or manage a company.
Financial Accounting N6
This subject focuses on recording and reporting financial information. You will learn:
- How to prepare financial statements.
- How to check the financial health of a company.
- How to follow accounting rules and standards.
These skills are important for keeping business finances organised and accurate.
Cost and Management Accounting N6
This subject teaches you about controlling costs and improving profits. You will learn:
- How to create budgets for a business.
- How to find ways to save money.
- How to analyse costs to make better financial decisions.
This subject is very helpful for businesses that want to stay competitive.
Computerised Financial Systems N6
In this subject, you will learn how to use computers for financial tasks. You will study:
- How to work with financial software.
- How to automate tasks like budgeting and reporting.
- How to use technology to manage money efficiently.
These skills are important for modern workplaces, where technology is used every day.
Financial Management: NATED N6 National Certificate Curriculum
The N6 Financial Management curriculum teaches theory and practical skills. It prepares you for real-life jobs in finance.
Assessments To Be Completed In Financial Management: NATED N6 National Certificate
Students must complete the following to get through the course:
- Assignments: Three open-book assignments done at home.
- Final Exam: An exam set by the Department of Higher Education and Training (DHET).
Financial Management: NATED N6 National Certificate Exams
Exams are held twice a year: First in May/June and lastly in October/November.
Admission Requirements
You need an N5 Financial Management National Certificate to enrol. You also need to be able to read, write, and understand English.
Course Duration
The N6 course takes 12 months. Each course in the NATED levels takes around six to twelve months to complete.
Course Location
You can study the N6 Financial Management course through distance learning. This means you can learn from anywhere in South Africa and study at your own pace.
N6 Financial Management Requirements
The N6 Financial Management curriculum teaches students important skills to work in finance. It is for people who want to manage money for businesses or work in financial jobs. To enrol, you need to meet a few simple requirements.
Does Financial Management Include Maths?
Yes, financial management uses maths. You will do things like:
- Add up budgets and expenses.
- Check financial data to make decisions.
- Plan costs and profits for businesses.
The maths is not hard. Most of it uses percentages and simple calculations. You don’t need to be great at maths, but you should be comfortable working with numbers.
Can I Do Financial Management Without Accounting?
Yes, you can study financial management even if you don’t know accounting. The course teaches you all the accounting skills you need. You will learn step by step, so it’s fine if you are starting fresh.
What Is The Main Subject Of Financial Management?
The main subject of financial management is learning how to manage money for a business. This includes:
- Planning budgets.
- Keeping track of costs.
- Making sure the company uses money wisely.
These skills are useful for businesses of all sizes.
What To Do After Completing N6 Financial Management
After finishing the N6 Financial Management curriculum, there are many paths you can follow. You can start working, study further, or even open your own business.
Start Working
You can get an entry-level finance job. These jobs let you use what you learned in the course. Many companies hire N6 graduates for roles like bookkeeping, payroll, or accounts.
Study Further
After your N6, you can complete an 18-month internship. Once you finish this, you can get a National Diploma in Financial Management. You can also take more finance courses to improve your skills.
Open Your Own Business
If you dream of being your own boss, you can start a small business. The course teaches you how to manage money, budgets, and finances, which are all helpful for running a business.
Career Opportunities In Financial Management
The N6 Financial Management curriculum prepares you for many different finance jobs. These jobs are about managing money and helping companies succeed.
Is Financial Management A Job?
Yes, financial management is a job. Financial managers work in companies to plan budgets, manage costs, and make sure money is used properly.
What Jobs Can A Financial Manager Get?
Here are nine jobs you can do after completing the N6 Financial Management course. Each job focuses on different tasks.
| Job Title | Job Duties |
|---|---|
| Bookkeeper | Keep track of daily financial records for businesses. |
| Payroll Administrator | Manage employee payments and salaries. |
| Accounts Clerk | Organise company accounts and invoices. |
| Finance Assistant | Help with budgets, daily transactions, and reports. |
| Credit Controller | Make sure customers pay their debts on time. |
| Bank Teller | Assist customers with deposits, withdrawals, and account questions. |
| Debtors Clerk | Track money owed to the company and collect payments. |
| Budget Analyst | Plan, monitor, and manage company budgets. |
| Junior Financial Manager | Help oversee a company’s finances and plan for its growth. |
N6 Financial Management Salary
The N6 Financial Management qualification can lead to well-paying jobs. Here are some examples of roles and their monthly salaries.
| Job Title | Monthly Salary (ZAR) |
|---|---|
| Bookkeeper | R12,000 – R20,000 |
| Payroll Administrator | R10,000 – R18,000 |
| Accounts Clerk | R9,000 – R15,000 |
| Finance Assistant | R11,000 – R17,000 |
| Credit Controller | R13,000 – R19,000 |
| Bank Teller | R9,000 – R12,000 |
| Debtors Clerk | R10,000 – R14,000 |
| Budget Analyst | R15,000 – R25,000 |
| Junior Financial Manager | R20,000 – R35,000 |
Can You Get A Job With An N6 Certificate?
Yes, you can get a job with an N6 certificate. Many companies hire people with this qualification because it shows you have the skills to handle business finances.
Personality Traits For Success
Success in financial management requires more than just skills and knowledge. Having the right personality traits can help you stand out and handle challenges in your career. Here are the traits that can make you successful in financial management and why they matter.
Attention To Detail
Attention to detail is one of the most important traits in financial management. In this field, you will deal with numbers, budgets, and financial reports where even small mistakes can cause big problems. For example:
- Errors in calculations can lead to wrong financial decisions.
- Missing deadlines for financial reports can affect the company’s reputation.
Being detail-oriented helps you:
- Avoid mistakes when handling money.
- Double-check your work to make sure it’s correct.
- Spot small problems before they turn into bigger ones.
Employers value employees who are careful and accurate in their work.
Good Communication Skills
Communication is key in financial management. You often need to explain financial information to people who may not have a background in finance, like managers, clients, or other team members. You might need to:
- Present budgets and reports in a clear and simple way.
- Discuss financial plans or risks with your team.Good communication skills help you:
- Build trust and understanding with your team and clients.
- Write professional emails or reports for stakeholders.
- Share ideas clearly, so others know what actions to take.
- Work well with people from different departments.
This trait ensures smooth collaboration and understanding in the workplace.
Problem-Solving Skills
In financial management, you will often face challenges such as tight budgets, unexpected costs, or changing market conditions. Being a good problem-solver means you can:
- Analyse the situation to find the root cause of the issue.
- Come up with practical and effective solutions.
- Make quick decisions under pressure.
For example, if a company is spending more than planned, a problem-solver can identify unnecessary costs and suggest ways to reduce expenses. This ability is crucial for keeping a business financially stable.
Organisational Skills
Managing finances involves handling many tasks at once, such as preparing financial reports and meeting deadlines for projects or audits.
Good organisational skills help you:
- Prioritise your tasks so nothing is forgotten.
- Keep your work area and documents neat and easy to find.
- Stay on top of deadlines and responsibilities.
An organised financial manager is more productive and reliable.
Teamwork
In financial management, you rarely work alone. You will need to collaborate with colleagues from different departments, such as marketing, sales, and operations. Teamwork helps you:
- Share ideas and combine expertise to solve problems.
- Build strong relationships with your co-workers.
- Support others in achieving shared goals.
Employers value people who work well with others because it makes the company run smoothly and efficiently.
Patience
Financial management tasks, such as preparing reports or solving problems, can sometimes take a long time. Being patient allows you to:
- Stay calm when work takes longer than expected.
- Focus on your tasks without feeling frustrated.
- Handle difficult situations, like explaining complex financial details to clients or colleagues.
Patience also helps you build trust with your team and clients, as it shows that you are steady and dependable.
Integrity
Integrity means being honest and ethical in your work. In financial management, you will deal with sensitive information, such as company budgets, employee salaries, or client accounts. Having integrity helps you:
- Build trust with your employer and colleagues.
- Handle confidential information responsibly.
- Make decisions that are fair and ethical.
Employers value employees who are trustworthy and follow rules because it protects the company’s reputation.
Adaptability
The world of finance is always changing, with new technologies, laws, and economic trends. Being adaptable means you can:
- Learn new skills or tools quickly.
- Adjust to changes in company policies or market conditions.
- Stay open-minded and flexible in different situations.
This trait makes you more valuable to employers, as they can rely on you to handle changes without difficulty.
Confidence
Confidence in your skills and knowledge is important for success. In financial management, you may need to make tough decisions or give advice to others. Confidence helps you:
- Take initiative and make decisions without hesitation.
- Present your ideas clearly and with authority.
- Handle feedback or criticism in a positive way.
Confidence also inspires trust in your abilities, making colleagues and clients more likely to follow your advice.
By developing these personality traits, you can improve your chances of success in financial management. With time and practice, you can strengthen these traits and achieve your career goals.
Apply Now
You can apply to study the N6 Financial Management course easily. Follow these steps:
- Step 1: Contact Skills Academy through their website or toll-free number.
- Step 2: Speak with a course expert to choose the right programme.
- Step 3: Fill out the application form.
- Step 4: Submit any required documents.
- Step 5: Start your studies after completing the registration process.
If you’re ready to start your journey in finance, apply today!
Frequently Asked Questions
It takes about three years to complete N4 to N6. Each level (N4, N5, and N6) takes one year to finish. After that, you need 18 months of practical work experience to get your diploma.
No, the N4 course usually takes 12 months to complete. However, with focused effort and distance learning, some students may finish faster by dedicating extra time to their studies.
Yes, many universities accept an N6 qualification for entry into related degree programmes. However, this depends on the university and course. Contact the university directly to check their requirements.
Yes, accounting is a big part of financial management. It involves keeping records, preparing financial statements, and analysing financial data. These skills are essential in managing money.
An accountant focuses on recording and reporting financial data, like preparing balance sheets and tax documents. A financial manager makes decisions based on this data, such as planning budgets, investments, and financial strategies.
Yes, you can upgrade your N6 diploma to a degree by applying to a university. Some universities offer credit for your N6 studies, which may reduce the time it takes to complete the degree.
To turn your N6 into a National Diploma, you need to complete 18 months of practical work experience in the financial field. Once done, submit proof of your experience to the Department of Higher Education for your diploma.
Yes, you can study financial management even if you don’t know accounting. The course teaches you the accounting basics you need to succeed, so prior experience isn’t required.
An example of financial management is creating a budget for a company. This includes planning how much money to spend, tracking expenses, and making sure the company doesn’t overspend.
In financial management, you study topics like budgeting, accounting, business planning, and how to use money wisely. You also learn how to analyse financial data and manage a company’s costs.
The N6 course takes 12 months to complete. After the course, you need 18 months of practical experience to get your diploma.
No, an N6 certificate is not the same as a diploma. To get a National Diploma, you must complete the N6 course and 18 months of practical experience.
Financial managers in South Africa earn between R20,000 and R50,000 per month depending on their experience, job title, and the company they work for. Junior financial managers start at the lower end, while senior managers earn higher salaries.
