Basic Financial Mathematics Online short course

Credits 5

COURSE OBJECTIVE

This unit standard will be useful to people who aim to achieve recognition at some level in Further Education and
Training or to meet the Fundamental requirement of a wide range of qualifications registered on the National
Qualifications Framework.

People credited with this unit standard are able to:

• Use mathematics to plan and control personal and/or household budgets and income and expenditure.
• Use simple and compound interest to make sense of and define a variety of situations including investments, stokvels, inflation, appreciation and depreciation.
• Investigate various aspects of financial transactions including costs, prices, revenue, cost price, selling price, loss and profit.

WHAT YOU WILL LEARN:

• Use mathematics to plan and control personal, regional and/or national budgets and income and expend
• Plans describe projected income and expenditure realistically.
• Calculations are carried out using computational tools efficiently and correctly and solutions obtained are verified in terms of the context.
• Budgets are presented in a manner that makes for easy monitoring and control.
• Actual income and expenditure is recorded accurately and in relation to planned income and expenditure. Variances are identified and explained and methods are provided for control.
• Bank accounts, provincial and key elements of national budgets and tax.
• Use mathematics to plan and control personal, regional and/or national budgets and income and expenditure.
• Plans describe projected income and expenditure realistically.
• Calculations are carried out using computational tools efficiently and correctly and solutions obtained are verified in terms of the context.
• Budgets are presented in a manner that makes for easy monitoring and control.
• Actual income and expenditure is recorded accurately and in relation to planned income and expenditure. Variances are identified and explained and methods are provided for control.
• Bank accounts, provincial and key elements of national budgets and tax.
• Use simple and compound interest to make sense of and define a variety of situations.
• The differences between simple and compound interest are described in terms of their common applications and effects.
• Methods of calculation are appropriate to the problem types.
• Computational tools are used efficiently and correctly and solutions obtained are verified in terms of the context or problem.
• Solutions to calculations are used effectively to define the changes over a period of time.
• Effective and nominal rates, commission, appreciation and depreciation.
• Use simple and compound interest to make sense of and define a variety of situations.
• The differences between simple and compound interest are described in terms of their common applications and effects.
• Methods of calculation are appropriate to the problem types.
• Computational tools are used efficiently and correctly and solutions obtained are verified in terms of the context or problem.
• Solutions to calculations are used effectively to define the changes over a period of time.
• Effective and nominal rates, commission, appreciation and depreciation.
• Use mathematics to debate aspects of the national economy.
• Values are calculated correctly.
• Mathematical tools and systems are used effectively to determine, compare and describe aspects of the national economy.
• Debating points are based on well-reasoned arguments and are supported by mathematical information.
• Tax, productivity and the equitable distribution of resources.
• Use mathematics to debate aspects of the national economy.
• Values are calculated correctly.
• Mathematical tools and systems are used effectively to determine, compare and describe aspects of the national economy.
• Debating points are based on well-reasoned arguments and are supported by mathematical information.Tax, productivity and the equitable distribution of resources.

Course delivery and Requirements

This course can be started at any time and is self paced and completely online , You will need an Internet connection and a PC or Laptop to complete this course