- NQF Level: 5
- Credits: 120
- Duration: 12 months
Module 1 – Legislation, Regulations and Compliance
- Demonstrate an understanding of the legislative concepts and requirements within the banking and financial services environment.
- Discuss the applicable financial legislation in the banking, insurance, financial services and financial planning sectors.
Module 2 – Code of Banking Practice and Ethical behaviour
- Explain and apply what the Code of Banking Practice is and its implications for clients and the bank in terms of the relationship a bank has with its clients.
- Conduct one-self professionally demonstrating ethical behaviour in a workplace environment.
Module 3 – Basic Economic and Business Concepts & Principles
- The function of the economy and its participants
- The concept of supply and demand as it relates to markets and economic conditions
- The conditions under which markets fail and why Government intervention is necessary
- Basic macro-economic goals and instruments, the GDP concept and its limitations is understood and applied in practice
- The concepts of inflation
- The objectives of macroeconomic policy
- The differences between privatisation, deregulation and competition
- The different types of business entities
- The properties of a partnership, close corporation, companies (public and private) and a trust
- The purpose and context of a business plan
Module 4 – Basic Accounting Concepts
- Understand the Fundamental Accounting Concepts
- The relevance and meaning of financial
- The transactions flow process
- The difference between a debit and a credit
- Assets, Liabilities, Income & Expenditure
- Knowledge of the types of credit available to clients i.e. loans, bonds, credit cards, overdrafts, etc.
- A client is assisted in identifying the effects of poor credit management on his/her personal situation
- Basic financial data is interpreted through research and practical examples
- The difference between income and expenditure
- Simple financial ratios
Module 5 – Providing Advice
- Provide a basic personal financial advisory service to clients.
- Provide the client with basic advice on personal financial planning.
- Offer responsible financial advice in relation to the products offered by a specific bank in at least three of the subsections of Category I as prescribed by the FAIS Act and its Schedule of Fit and Proper categories/regulations as listed below
- Compliance with the FAIS codes is explained and applied in terms of giving financial advice to clients.
- The regulations pertinent to corporate financial planning are understood and applied in practice
Module 6 – Understand and Apply the Basic Principles of Investment
- An understanding of investments
- Terminology is used when dealing with investments
- The nature, role and responsibilities of the Stock Exchange