Financial Management The Management College of Southern Africa (MANCOSA)

Overview

Financial Management at The Management College of Southern Africa (MANCOSA) examines financial concepts such as capital, cash budgets, analysis of financial statements, taxation, commercial law and provides a comprehensive overview of financial management. In this way, while primarily gaining specialised financial skills, students consider and evaluate different factors in making informed decisions for continued financial growth in an organisation.

Outcomes

• Obtain and assimilate knowledge appropriate to the practice of financial management in any organisation.

• Obtain professional and technical skills required in financial management.

• Evaluate financial and accounting concepts and principles and their application in solutions to practical finance problems.

• Prepare financial statements of entities, including groups of companies, using relevant financial information, accounting techniques and standards; and to analyse and interpret such financial statements.

• Use relevant financial techniques with cost information, for planning, decision-making, performance evaluation and control, within different business settings.

• Apply financial management techniques to issues affecting investment, financing, and dividend policy decisions of an organisation.

• Understand the general legal framework, and apply specific legal principles relating to business, including taxation legislation as applicable to individuals, single companies and groups of companies.

• Explain the process of carrying out the assurance (audit) engagement and its application in the context of the professional (audit) regulatory framework.

• Describe the organisational context of the financial manager and of the development of financial systems; to understand the need for the efficient use of resources within an organisation.