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FUNDAMENTALS OF FINANCIAL MATHEMATICS (FFM)

The FFM course covers basic mathematical concepts and the application of these concepts in the financial planning environment. The course aims to address the maths concepts that students often have a problem with when they enrol for an NQF5 or NQF6 qualification in financial planning.

WHAT WILL THE FFM COURSE ENABLE YOU TO DO?

On completion of the course, students should be able to do basic maths calculations and apply these basic principles to calculations required as part of financial planning.

WHO SHOULD ATTEND?

Students who need to have an understanding of basic mathematical principles.

THIS COURSE IS IDEAL FOR:

Students who require a maths refresher course before they start their studies towards an NQF5 or NQF6 qualification.

Content

Topics Covered

Module Content

Baseline test

  • Students will complete a baseline test for each of the 8 topics covered in the course.
  • If students obtain the required pass mark of 60% per topic, the student will be exempted from that topic in the FFM course.

Topic 1 – Basics of fractions

  • Understand the concept of a fraction.
  • Equivalent and decimal fractions.
  • Multiplying, dividing, adding and subtracting fractions.
  • Calculate fractions of a given quantity.
  • Application of fractions in financial planning.

Topic 2 – Basics of ratios

  • Understand the concept of a ratio.
  • Equivalent rations and simplifying ratios.
  • Dividing a quantity in a ratio.
  • Increasing or decreasing a quantity in a ratio.
  • Application of ratios in financial planning.

Topic 3 – Basics of percentage

  • Understand the meaning of a percent and percentage.
  • It covers aspects such as percentages, equivalent and decimal fractions, increasing/decreasing an amount by a percentage.
  • Application of percentages in financial planning.

Topic 4 – Rate and proportion

  • Understand the meaning of rate and the importance of units.
  • It covers aspects such as unitary rates, direct and inverse proportion.
  • Application of rate and proportion in financial planning.

Topic 5 – Order of mathematical operations

  • Understand the universal rules for mathematical operations.
  • Understand mathematical expressions representing practical calculations.

Topic 6 – Revision of basic algebra

  • Understand the basic algebraic conventions and substitution.
  • Solve simple equations.
  • Apply basic algebra in financial planning.

Topic 7 – Plotting and interpreting graphs

  • Understand the plotting of points on a system of axes.
  • Use a formula to determine a set of points in a Cartesian Plane.
  • Interpreting the pattern in a set of points.
  • Apply graphs in financial planning.

Topic 8 – Time value of money (TVM) and the use of a financial calculator

  • Understand simple and compound interest.
  • Perform time value of money calculations.
  • Use a financial calculator to perform these calculations.

Learning Material

The learning material is developed by a maths expert and is structured into an interactive online course.

Fees

Cost per learner
E-Learning: R849 (excl. Vat)
(Students who enroll for the National Certificate in Wealth Management (NCWM) will have free access to the course.)

Cancellation fee:

  • In case of a cancellation after registration, but before material has been accessed, a 50% cancellation fee will apply.
  • A 100% cancellation fee (thus no refund) will apply if access to material has already been given.

Payment Options:
EFT, cash deposit or Credit Card

Phone: 021 883 8000

AVAILABILITY OF THE FFM COURSE

One can register at any time of the week (Monday to Friday). The learner will be linked to the learning material, on the Learning Management System, after registration and proof of payment is send to our office. After studying the material, the learner will complete the Final Assessment electronically

Dates

Registration deadline:
Students can register at any time.

Payment deadline:
Payment should be done when a student register.

Accreditation and Certification

Certification
Students will receive an MBSE certificate after successful completion of the course.

Continuous Professional Development (CPD) information
This course has been approved for 10 Regulatory (FSCA) hours. On successful completion of all the summative assessments on each topic, a certificate confirming the CPD hours for Regulatory purposes will be issued.

Method of training

Online learning
Learning material will be made available on the Learning Management System (LMS).

Admission Requirements

No admission requirements.

How to Register?

Registration is flexible and can be done 5 days a week for online learning.

Assessments

Students need to obtain 60% to be competent.

overview

Starting Date 
All year

Method of Training
Online Learning

Class Attendance
None

Qualification Duration
6 Months

Admission Requirements
No requirements

Fee:
R 2000.00
(incl. VAT)

The FFM course covers basic mathematical concepts and the application of these concepts in the financial planning environment. The course aims to address the maths concepts that students often have a problem with when they enrol for an NQF5 or NQF6 qualification in financial planning.