Basic Financial Mathematics Online short course

COURSE OBJECTIVE

People completing this course 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.
  

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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.
  

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Duration

You may begin at anytime and the training should take approximately 2 weeks to complete on a part time basis.(6-8 Hours)

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. Our courses can be started on Demand.

A Subject Matter Expert with over 40 years Managerial and operational experience in Freight Forwarding, International Trade and customs compliance  will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career.

In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

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