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Quick Look Course Summary:Managing a Unit’s Finances and Assets (Unit Standards 252040 + 13945) (3 days)
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Length: 3 day(s)
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Price (at your venue): 1 Person R 21,125 EX VAT 3 Person R 13,658 EX VAT 10 Person R 9,124 EX VAT
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Certification Type:Accredited
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Locations & Venues: Off-site or in-house. We train in all major city centres throughout South Africa.
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Managing a Unit’s Finances and Assets (Unit Standards 252040 + 13945) (3 days)
Managers who read financial statements with confidence, build budgets and forecasts that match the unit's plans, keep spending on track, and protect the unit's stock and fixed assets – with 10 accredited credits.
Managers are often made responsible for a budget long before anyone shows them how to read the numbers behind it. This accredited managerial finance course combines two unit standards, each taught and assessed on its own: unit standard 252040 on managing the finances of a unit (NQF Level 5, 8 credits), part of the National Certificate: Generic Management (SAQA ID 59201), and unit standard 13945 on managing stock and fixed assets in a business unit (NQF Level 4, 2 credits), part of the FETC: Business Administration Services (SAQA ID 61595). BOTI delivers both under its Services SETA accreditation.
Days one and two follow unit standard 252040: the accounting cycle, accounting conventions and your organisation's own financial reports, interpreting financial statements with profitability, liquidity, working capital and return ratios, preparing and testing financial forecasts, drafting a budget linked to the unit's operational plan, and monitoring spending so that corrective action comes early.
Day three follows unit standard 13945: the difference between fixed assets and stock, how stock control protects profit, stock turnover and the economic order quantity, the asset register and depreciation, and a plan to manage the risks to stock and assets.
Why this course
For your organisation
- Budgets tied to the unit's operational plan
- Managers who read financial statements and act on the ratios
- Spending monitored team by team, with early corrective action
- Stock and fixed assets protected against loss and waste
- Ten accredited credits at management level
For your delegates
- Ten accredited credits from two unit standards
- A ratio toolkit for profitability, liquidity and return
- A budget and forecast built for your own unit
- Practical stock and asset register exercises
What delegates will be able to do
- Explain the accounting cycle, accounting conventions and your entity's financial reports
- Explain how budgets and forecasts support strategic planning
- Interpret financial statements using profitability, liquidity, working capital and return ratios
- Make recommendations based on the ratio analysis
- Prepare financial forecasts and test their viability
- Draft and refine a budget linked to the unit's operational objectives
- Monitor expenditure by team and take corrective action
- Manage stock levels using turnover and the economic order quantity
- Keep an asset register up to date and explain depreciation
- Assess and reduce the risks to stock and fixed assets
Who should attend
Middle managers – heads of department, section heads and divisional heads – as well as team leaders and supervisors who manage a budget, stock or equipment. Unit standard 252040 assumes communication, mathematical literacy and computer literacy at NQF Level 4; unit standard 13945 assumes communication and mathematical literacy at NQF Level 3.
Course outline
Day 1 – Unit standard 252040: financial concepts and statements
Outcome 1: Core ideas of managerial finance
- The accounting cycle in a diagram
- Budgeting and forecasting in strategic planning
- Accounting conventions such as going concern, prudence and consistency
- Matching, realisation, disclosure and objectivity
- Your entity's income statement, balance sheet, cash flow statement and audit report
Outcome 2: Interpreting financial statements
- Checking data sources for authenticity and accuracy
- Profitability and liquidity ratios
- Working capital and asset utilisation ratios
- Return on equity, return on investment and the debt ratio
- Turning ratio results into recommendations
Day 2 – Unit standard 252040: forecasts, budgets and financial control
Outcome 3: Financial forecasts
- Types and formats of forecasts
- Where forecast information comes from
- Factors to build into a forecast
- Testing a forecast for viability
Outcome 4: Budgets for the operational plan
- Setting operational objectives from the strategic plan
- Linking budget plans to objectives
- Drafting the budget to standard procedures
- Reviewing and adjusting the draft budget
Outcome 5: Supervising the unit's finances
- Agreeing monitoring systems
- Monitoring each team's expenditure through the year
- Taking corrective action within policy
- Portfolio of evidence for unit standard 252040
Day 3 – Unit standard 13945: managing stock and fixed assets
Outcome 1: Telling fixed assets from stock
- Both concepts, with examples
- The unit's fixed assets and their purpose
- The stock a unit usually needs
- Shortages: the problems and a plan to avoid them
- Overstocking and the bottom line
Outcome 2: How stock management affects profit
- Why stock must be controlled: fraud, theft, carelessness and shortages
- Managing stock through records and through stocktaking
- Quality, quantity, time, price and source
- Stock turnover and what it tells planners
- Optimum stock levels with the economic order quantity
Outcome 3: Managing fixed assets
- Reading fixed assets from a balance sheet
- Updating the asset register for three cases
- Valuing assets: depreciation and investment
- The purpose of depreciation, with examples
Outcome 4: Applying stock and asset principles
- Stock risk: probability and severity
- Fixed-asset risk: probability and severity
- A stock system that balances supply, cost and value
- A plan to minimise risk to fixed assets
- Portfolio of evidence for unit standard 13945
How it is delivered
Three days, 08:30-16:00. In person at your offices anywhere in South Africa, at a BOTI venue, or live online. One delegate or a group of up to 20. Learner guide and workbook for each unit standard, practical workplace activities, and a portfolio of evidence that delegates complete after the course for assessment and moderation.
What our clients say
“The training was practical, engaging and relevant to our workplace environment, providing participants with valuable knowledge and practical skills that could be applied in their respective roles.”
“The facilitator was excellent and took time to ensure that the employee understood the content and was able to apply the learning in order to develop the portfolio of evidence.”
“The training was well received and we were impressed by the knowledge of the facilitators and the quality of overall training.”
Frequently asked questions
Is this course accredited?
Yes. It covers unit standards 252040 (NQF Level 5, 8 credits, NC: Generic Management, SAQA ID 59201) and 13945 (NQF Level 4, 2 credits, FETC: Business Administration Services, SAQA ID 61595), delivered under BOTI's Services SETA accreditation (12582).
Until when can delegates enrol?
Delegates can enrol until 30 June 2028.
Are there entry requirements?
Unit standard 252040 assumes communication, mathematical literacy and computer literacy at NQF Level 4. Unit standard 13945 is open access and assumes communication and mathematical literacy at NQF Level 3.
How are delegates assessed?
Each unit standard has its own portfolio of evidence, completed after the course and then assessed and moderated. Delegates found competent receive a statement of results.
Is there a shorter version without assessment?
Yes. Finance For Non Finance Managers covers the essentials in two or three days, and Budgets And Financial Reports Course in one day, both with a BOTI certificate of attendance.
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