Financial Management: NATED N5 National Certificate

Course Summary

Award type:
National N Certificate
Accredited by:
DHET, QCTO
Duration:
12 Months
Entrance Requirement:
Be able to study through distance learning, Financial Management: NATED N4 National Certificate, Have a Matric Certificate OR National Senior Certificate OR Amended Senior Certificate, Write and understand English

The Financial Management: NATED N5 National Certificate is the second course in the NATED Financial Management Programme. This course is more in-depth than the Financial Management: NATED N4 National Certificate. 

You have to complete the Financial Management NATED N4 National Certificate before gaining entry to the Financial Management: NATED N5 National Certificate. All of our NATED courses lead to the next course in the programme. This means that you need to complete one course to enter the next course.

We offer all of our NATED courses in partnership with Bellview Institute of Distance Learning.

Matric College

Financial Management: NATED N5 National Certificate Subjects

Before we mention the list of subjects for the Financial Management: NATED N5 National Certificate course, you need to keep in mind that you must complete and pass all of the subjects for Financial Management: NATED N4 National Certificate. Here is a list of all of the subjects that are offered for the Financial Management: NATED N5 National Certificate.

Complete Subject List

  • Financial Accounting N5
  • Computerised Financial Systems N5
  • Entrepreneurship and Business Management N5
  • Cost & Management Accounting N5

*The highlighted subjects are the compulsory subjects for this course.

Compulsory Subjects

  • ​​Financial Accounting N5
  • Computerised Financial Systems N5
  • Cost and Management Accounting N5

In total, you must complete 4 subjects.

How NATED Courses Work

Career Opportunities

These are your career opportunities when you complete the NATED N5 Certificate in Financial Management:

  • Accounts Clerk
  • Administrative Clerk
  • Bank Teller
  • Billings Clerk
  • Creditors Clerk
  • Debtors Clerk
  • Hospital Finance Clerk
  • Loan Consultant
  • Principal Clerk
  • Sales Team Leader

What Will I Learn?

The skills you will learn in this course go more in-depth than the previous course (Financial Management: NATED N4 National Certificate). You will not only learn the basics of Financial Management but also additional skills will be learned in this course.

Here is what you will learn in the Financial Management: NATED N5 National Certificate:

You will learn how to manage finance for:

  • Your own business
  • Your personal finances
  • The company you work for
  • How to run a business efficiently and effectively
  • Creating and analysing balance sheets
  • The effects of the economy on a business

Financial Accounting N5: In this subject, you will learn how to analyse and report financial transactions.

Cost and Management Accounting N5: During this subject, you will learn how to manage, control, and eliminate expenses in a business. In addition, you will learn how to improve the profitability of a business.

Entrepreneurship and Business Management N5: 

Learn how to create a business plan. By examining all aspects of entrepreneurship, you will learn everything you need to know about starting your own company.

Computerised Financial Systems N5: In this subject, you will learn the basics of Pastel Accounting and Pastel Payroll.

Financial Management: NATED N5 National Certificate Assessments

The following assessments are included in the Financial Management: NATED N5 National Certificate:

  1. Assignments
  2. Exams

Each subject in the course will have assignments and exams. To qualify for the exams, you have to pass your assignments with at least 40%.

Assignments

You have to complete three Assignments before you write the final exams. These assignments will allow you to gain entry into the exam. You must meet an average of 40% to qualify for the final exam.

NOTE: Each subject has three assignments. You will have three opportunities to qualify for the final exam.

Exams

You can register for the exam two times in a year if you qualify. Here are the months for registration:

  • February: registration for the exam is open during February
    • You will write the exam in May OR June
  • August: registration for the exam is open during August
    • You will write the exam in October OR November

*To pass the exams your total marks must be 50% and more

NOTE: The DHET determines the exact dates for the exams and they are subject to change.

You can do the following with a Financial Management: NATED N5 Certificate:

  1. Find employment
  2. Further your studies at Matric College

Find Employment: Entry-Level Jobs

In comparison with the Financial Management: NATED N4 Certificate, the Financial Management: NATED N5 Certificate will increase your employment opportunities. Here are the positions you can apply for:

  • Administrative Clerk
  • Bank Teller
  • Collections Agent
  • Junior Sales Consultants
  • Loan Consultant
  • Principal Clerk
  • Retail Credit Secretary
NOTE: Each company has its own hiring requirements. This means that the above-mentioned positions are determined by the employer.


Further Your Studies At Matric College

You can continue your studies at Matric College. Once, you have completed your Financial Management: NATED N5 National Certificate, you can complete your Financial Management: NATED N6 National Certificate and then the Financial Management NATED N6 National Diploma. You must complete 18 months of work experience to get your Financial Management NATED N6 National Diploma. Once you have completed your 18 months of work experience, the Department of Higher Education and Training (DHET) will award you an N6 National Diploma. Here are the steps you need to take to complete your work experience:

Step 1: Complete all of the Financial Management NATED National Certificates

The National Certificates that we offer are:

  • N4 National Certificate
  • N5 National Certificate
  • N6 National Certificate
Step 2: Apply for employment to gain work experience
The Department of Higher Education and Training has a programme called iWIL. This programme provides students with the opportunity to complete their work experience.
Step 3: Gain the necessary experience you require
Once you have successfully registered, the iWIL service will match you with work-based learning to employers that have made offers for placement. You could also apply for work-based learning, internships, learnerships or full-time employment online.
Step 4: Get your N6 National Diploma after your 18 months of work experience

As you are completing your 18 months of work experience you should use the logbook Matric College provides. The Logbook will have specific duties that should be signed off by the Manager of the company you are completing your work experience.

NOTE: You can complete your work experience in sections. This means that you can complete 6 months of experience at one company and the other 12 months at another company.

The logbook must be signed off with the following details:

  • Company name
  • Managers name
  • Contact details of the company and/or Managers contact details
  • Telephone number
  • Email address
  • Address of the company
Step 5: Submit your completed logbook to Matric College

You have to complete the 18 months work experience and provide us with the logbook. We will then submit the logbook to the Department of Higher Education and Training for approval.

Once they have approved your logbook, they will send you your N6 National Diploma.

NOTE: Your completed logbook will provide us and the Department of Higher Education and Training with reliable evidence that you have completed your work experience.

Financial Management N4 – N6 courses are the National Qualifications (NATED) that were designed by the Department of Higher Education and Training. In order to earn the N National Diploma, students must complete both theoretical and practical components of all of these courses.

National Certificates start at an NQF Level 5 and move up to an NQF Level 6. An N6 NATED Diploma Qualification is at an NQF Level 6 which is just one level below a Degree.

National Qualifications are also referred to as NATED courses. It stands for National Accredited Technical Education Diploma courses. Each NATED course builds on the other. To gain entry into the N5 National Certificate, you must complete the N4 National Certificate course.

You can enter the world of finance by completing any of our Financial Management N4 to N6 courses. As you complete more courses, your chances of earning a high salary will increase.

Yes, Financial Management is a good career. This is why you should complete a Financial Management course:

  • Businesses need Financial Managers
  • This will give you more insight into your own finances 
  • By gaining more insight into business finances, you will be able to make informed decisions
  • The skills you learn can be transferred to another working environment
    • You can use the skills learned in Finance in any other industries such as Educare
  • Financial Management is a scarce skill in South Africa
    • There is always a need for a Financial Manager in every organisation

In South Africa, all finance jobs are considered in demand due to their scarce skills. Below are the different types of finance positions that are in demand in South Africa, along with the salary you can expect.

PositionWork Experience
Financial Manager

Junior Level:R 310 000 per year

Intermediate Level: R 650 000 per year

Senior Level: R 820 000 per year

Financial Analyst

Junior Level: R 190 000 per year

Intermediate Level: R 468 000 per year

Senior Level: R 557 000 per year

Sales Manager

Junior Level: R 273 000 per year

Intermediate Level: R 365 000 per year

Senior Level: R 525 000 per year

Operations Manager

Junior Level: R 153 000 per year

Intermediate Level: R 383 000 per year

Senior Level: R 442 000 per year

A NATED National Certificate in Financial Management can be completed between 6 to 12 months. All of the National courses N4, N5, and N6 can take between 18 to 36 months to complete. The following table explains how you can complete a NATED Course in Financial Management at Matric College:

 6 months12 months18 months
The completion of only the course

This applies only to the N4 National Certificate:

You can only complete one course at a time. Only six months of theory will be covered if you choose to complete the N4 National Certificate.

This applies only to the N4 and N5 National Certificate:

You may choose to complete the first two courses. The N4 and N5 National Certificates require only 12 months of theory.

This applies to the N4, N5, and N6 National Certificate:

If you wish, you can complete all three courses. With the N4, N5 and N6 National Certificates, you will only complete 18 months of theory.

Completing the course followed by the practical

After completing 6 months of theory, you can complete 6 months of work experience. The whole process takes 12 months.

Whether you complete your work experience or not you will still receive your N4 Certificate.

After completing 12 months of theory, you can complete 12 months of work experience. The whole process takes 24 months.

Whether you complete your work experience or not you will still receive your N4 and N5 National Certificates.

After completing 18 months of theory you can complete 18 months of work experience. The whole process takes 36 months.

Whether you complete your work experience or not you will still receive your N4, N5, and N6 National Certificates.

If you want your N6 National Diploma, you have to complete a total of 18 months of work experience.

Combining your work experience with your academic studies

This option is for students that are working in their field of study while studying.

You can complete the practical component of the N4 Certificate with 6 months of work experience.

This option is for students that are working in their field of study while studying.

You can complete the practical component of your N4 and N5 Certificates with 12 months of work experience.

This option is for students that are working in their field of study while studying.

You can complete the practical component of your N4, N5 and N6 Certificates with 18 months of work experience.

Having financial skills allows Financial Managers to perform to the best of their abilities. These skills help these individuals to oversee all of the financial aspects of a business. A Financial Manager’s main duty is to see that they provide accurate financial data analysis ways to increase profits and reduce losses. 

Here are some of the main skills Financial Managers need:

  • Having the ability to work independently
  • The ability to lead
  • Ability to solve problems
  • Effective communication skills
  • Analytical abilities
  • Interpersonal skills
  • Attention to detail
  • Mathematical skills

You can develop your financial skills by following these rules:

  1. Make a budget plan and stick to it
  2. Be an informed consumer and investor
  3. Have a plan and a vision
  4. Commit to saving
  5. Work together as a team in order to become a successful Financial Manager

Finance consists of three main areas, namely:

  1. Money and credit markets: These refer to the financial markets and financial institutions
  2. Investments: Its main focus is decisions made by individuals and institutional investors
  3. Financial Management: These are the decisions made within the company. This is the most important area and the main focus of the course that we offer

Your Next Step Is To Get Financial Management: NATED N6 National Certificate

After you have completed your Financial Management: NATED N5 National Certificate, you can  further your studies with the Financial Management: NATED N6 National Certificate.

Once you have completed the Financial Management: NATED N6 National Certificate you can complete the 18 months of work experience to get your Financial Management: NATED N6 National Diploma.

Why Choose To Study With Matric College?

Matric College is an excellent option for students who are comfortable with distance learning. Distance learning does not involve attending classes in person. Students with busy schedules will benefit from distance learning. Below are a few reasons why you should study with us:

  • We offer unique payment plans: Various payment options are available. Here are your options:
    • Advance payments (Paying for your studies for the entire programme or course)
    • Split payments (Paying half of your studies at the beginning of the year, and the other half at the end of the year)
    • Monthly payments (Pay a fixed installment every month)
    • Unique payment method (a payment method that works for both of us)
  • You can study and work: You can study full-time while working. You do not have to attend classes in person or online. Just submit your assignments and take the final exam
  • Set up your own study schedule: You can decide how much time you want to spend on studying. At Matric College, we know that balancing work, family, and studies is important
  • Get tutor assistance from us: We have tutors who can assist you if you are struggling with the work or need advice on the work. You can reach out to our tutors online or book a callback
  • Our friendly support team checks in on your progress: You will receive regular calls to check in on your progress or remind you of assignments and upcoming tests

A NATED Qualification is the last course you will complete in the NATED Programme of your choice. The NATED Qualification will only be awarded once you have completed your 18 months of work experience.

All NATED Qualifications were designed by the DHET to make students work-ready. These programmes provide both practical and theoretical experience.

No, the NATED Financial Management Programme does not have a Board Exam. Board Exams are generally completed in Degree courses. The NATED Financial Management Programme does however require you to complete 18 months of work experience to get your Financial Management: NATED N6 National Diploma. 

You can complete your work experience through:

  1. Internships: This allows graduates to gain the necessary work experience for a set period of time
  2. Learnerships: Students are able to gain both theoretical knowledge and practical experience through this programme. Generally, you will do theory in the morning, followed by work experience in the evening. Upon completion of this programme, a certificate is awarded.
  3. Voluntary work: It is work that you will do for free. In addition to gaining work experience, you will also benefit your community. For example, handling the finances of a small non-profit day care.

No, Financial Management is not a dying industry. In fact, it is an industry that is in demand. Financial Management is one of the scarce skill qualifications in South Africa. These qualifications are required in South Africa. This is because every business in South Africa needs a Financial Manager.

Here is why Financial Management is not a dying industry:

  • Every business needs a Financial Manager
  • The skills you acquire in Financial Management can be used in any other industry and in your personal life
Yes, finance is a stable career. Here are some reasons why it is a stable career:
1. This is a dynamic industry: It is always changing and advancing, which means there is always something new to learn. 2. The work is exciting, challenging, and fast-paced: If you enjoy problem-solving, it is an exciting career to be a part of.
3. You will always find opportunities for growth: You can progress throughout your career 4. You can always find available jobs: This industry is always looking for people
5. Opportunities are available worldwide: You can find employment anywhere in the world 6. Career opportunities are endless: You are not limited to one position. Your options are endless

No, financial careers are not stressful. If you are interested in this career field then you will not consider this industry as stressful. Consider the following factors to determine whether you will find this career stressful:

  • Do I enjoy working independently?
  • Do I enjoy deadlines?
  • Am I good with my attention to detail?
  • Do I like solving problems?
  • Am I good at thinking of new ways to invest money or save money?

Any entry-level Finance job is fairly easy. Here are your options:

  • Accounts Clerk
  • Data Capturer
  • Insurance Claims Agent
  • Loan Consultant / Officer
  • Sales Agent

R 53 759 Per month

The average salary for a Finance Manager is R 53 759 per month in South Africa.

Source: Indeed

You need to keep in mind that the salary will depend on the following factors:

  • Your educational background
    • Whether you have a Financial Management: NATED N4, N5, N6 National Certificate, N6 National Diploma or a Financial Management Degree
  • The position you are applying for
    • If it is for a Financial Manager position or Financial Manager Assistant position OR the many other positions in finance
  • The work experience you have gained
    • The more work experience you have, the better your chances are of being employed

NOTE: Each company has its own hiring criteria. Which means that regardless of the above factors the employer still has the last say in who he / she wants to employ.

Application Process

Here is how to apply for the Financial Management: NATED N5 National Certificate

Step 1: Contact us

Here are the ways in which you can get in touch with us:

  1. Fill out the online application form
  2. Book a call 
  3. Feel free to call us on (021 838 8295)
  4. Come to our physical address

Step 2: Speak to one of our friendly course experts

Depending on your interests, our course specialists can help you choose a course.

Calling Hours

Step 3: Register for one of our courses 

Because we are a distance learning college, we maintain an open application policy. Register any time of the year.

Step 4: Write the exams

Take your first course with us and continue studying with us. After passing the exams, you may apply for the next course in the NATED Financial Management Programme, which is the Financial Management: NATED N6 National Certificate.

How Do I Study Financial Management: NATED N5 National Certificate

Follow these steps to study our Financial Management: NATED N5 National Certificate:

Step 1: Submit an application for the NATED National Programme
Step 2: You need to finish three assignments before you register for the final exams
Step 3: Get 40% or more for all of your assignments
Step 4: Wait for the results of your assignments
Step 5: Apply for the final NATED exam after you have received your results and qualify to write the exam
Step 6: Write your first exam AND continue the process with each subject
Step 7: After you have successfully completed the course, you will receive your Certificate from Matric College. *The DHET will provide you with your National Diploma.*

Where Can I Study Financial Management: NATED N5 National Certificate?

NATED courses can be studied through distance learning colleges. Matric College is one of the many distance learning colleges.

When Can I Start Studying Financial Management: NATED N5 National Certificate?

There is no restriction on when you can begin studying. Matric College is a distance learning institution. You can apply whenever you are ready. Exams are conducted in the same way. 

When you are ready to take the exams, you can register. It gives you full control over your studies and future career.

Frequently Asked Questions

Yes, Financial Management is accredited by the QCTO and the Department of Higher Education and Training. Each course has a SAQA ID number.

The 3 main functions of Financial Management include the following:

  1. Dividends
  2. Finances
  3. Investments

The difficulty level of a Financial Management course purely depends on the following factors:

  • You interest
  • Your abilities
  • The motivation behind why you want to complete the Financial Management course

No, Financial Accounting is not a tough subject.

Depending on what they are good at, Financial Management can be difficult or not for different people. For example, Financial Accounting may be difficult for you if you do not have a passion for, skills, or abilities, in finance or anything related to numbers.

How can you tell whether this subject is challenging for you? Look at the following questions. If you have answered “YES” to 3 of these questions then you might enjoy the subject.

QuestionYes / No
Can you work with numbers?Yes
Do you enjoy working with numbers?Yes
Do you have an interest in solving problems related to numbers?Yes
Do you like being in control of a team in your working environment?Yes
Do you prefer looking at facts over opinions?Yes

The main subjects in the NATED Financial Management Programme are the following three subjects:

  • ​​Financial Accounting N5
  • Computerised Financial Systems N5
  • Cost and Management Accounting N5

The above-mentioned topics appear throughout the NATED Financial Management Programme.

Yes, Financial Management does involve Mathematics, but it is not a compulsory subject to have in High School when you apply for the Financial Management: NATED N5 National Certificate. You can study any of our National Qualifications (NATED) with any Matric Pass Level. We will not refer to the subjects you have completed.

Although this course does not require a financial background, you should have a basic understanding of mathematics.

Yes, a degree in finance is hard. Any degree course can be hard at first but as you learn more about the course the easier it will get. It is important to take note of the following:

  • Complete a Degree in Finance if you have a love for numbers
  • Complete a Degree in Finance if you are good with numbers
  • Complete a Degree in Finance if you are willing to put in the time and hard work

The Bachelor of Commerce in Financial Management (BCom) is a Degree Programme that prepares you for managing finances in a business. The primary focus of this course is:

  1. Finances
  2. Management

The following topics can be covered in a BCom Financial Management programme:

  • A detailed overview of Financial Management
  • An examination of financial statements
  • capital
  • cash budgets
  • Tax and commercial law

Other Financial Management Courses

NATED Financial Management

N4 National Certificate Financial Management

N4 National Certificate Financial Management

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NATED Financial Management

N6 National Certificate Financial Management

N6 National Certificate Financial Management

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NATED Financial Management

N6 Diploma Financial Management

N6 Diploma Financial Management

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Author: Jesmé Africa
Editor: Amy Venter
Date Published: February 25, 2022

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