Make Money Talk: Understanding Finances on Every Level
Grasp the essentials of how money impacts you, your business and the nation. This course explains the interconnected nature of personal, business and national finances in the context of the finance and accounting services sector training and authority. It helps you recognise how financial decisions shape economic outcomes and empowers you with practical tools to make informed choices.
What is this course about?
This course offers a comprehensive overview of financial systems across personal, business and national spheres. You will explore the key components of budgeting, saving, debt management, business finance, taxation and government fiscal policies. It builds a strong foundation for understanding how these levels of finance influence one another and the broader economy.
Why take this course on financial aspects?
Whether you are managing a household budget or navigating business strategy, financial literacy is vital. This course equips you to make responsible financial decisions and understand broader economic dynamics. It’s a stepping stone to engaging confidently with financial matters in any context — from personal finances to national economic conversations.
What you will gain from this course:
- Master the basics of personal financial planning and debt control
- Understand business finance, including budgeting, profit and cash flow
- Explore national economic issues such as inflation, interest rates and taxation
- Connect the dots between personal, business and national financial impact
- Apply financial knowledge to real-world decision-making scenarios
Overview
Finance helps manage household budgets and understand income, expenses, and financial transactions.
Description
Finance helps manage household budgets and understand income, expenses, and financial transactions, while also explaining interest types for investments, inflation, and value changes like appreciation and depreciation. Financial transactions involve analysing costs, prices, revenue, and determining profit or loss.
- Plans describes 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 are recorded accurately and in relation to planned income and expenditure. Variances are identified and explained, and methods are provided for control
- 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
- 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
- Non-accredited: Short course only
- Duration: 1h 30m
- Delivery: Classroom/Online/Blended
- Access Period: 12 Months
