Business School

Finance for Non-Financial Managers

The programme is designed for managers with no financial management background to understand the financial implications of managerial decisions.  

This programme will enable participants to participate meaningfully in managerial processes such as budgeting, costing, pricing, working capital management and the analyses of financial statements. Such competencies are particularly important in entrepreneurial organisations, which might not have access to specialised financial management capabilities.

Since financial performance is a central indicator of effectiveness for any business, the fundamental financial literacy offered through this programme is a compelling requirement for managers at all levels.

Programme Structure

Topics

  • The nature and importance of financial management
  • Business and accounting cycles
  • Financial planning and control – Budgeting
  • Management of working capital and cash flows
  • Pricing strategies and decisions
  • Analysis and interpretation of financial statements

This course has open enrolment, but proficiency in English is required and numeracy at NQF Level 4 is recommended.

Available learning modes

Distance Learning Online

Milpark’s instructor-led online programmes combine flexibility with structured support. All content, activities, and assessments are accessible via our virtual learning environment. Students benefit from clear milestones, regular lecturer interaction, and the option to attend live or recorded classes - building a supportive and connected online community.

Minimum Admission Requirements

Foreign students who do not hold a South African matric certificate must present a matric verification from the South African Matriculation Board on application.

English Literacy at NQF Level 5 or equivalent is recommended. Foreign applicants whose first language is not English are required to provide proof of proficiency in English prior to admission to the qualification.

Finance for Non-Financial Managers
Next start date: TBC
Duration:
3 Months
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Finance for Non-Financial Managers

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Frequently Asked Questions

Business School programmes: Admission via the RPL Route (Entry Route 2)

In exceptionally limited cases, admission to the qualification may also take place via Recognition of Prior Learning (RPL). This is because RPL admissions are limited to 10% of the total intake and are, therefore, often oversubscribed.  To apply via the RPL route, kindly contact the respective Programme Manager before applying online for admission on RPL grounds:

MBA and PGDBA applicants can do this through the Milpark Helpdesk at helpdesk.milpark.ac.za.

In addition to fulfilling the standard (Entry Route 1) selection criteria, RPL applicants must meet the following criteria:

  • Be at least 30 years of age.
  • Have at least 10 years of significant senior management work experience.

Note: only once all Entry Route 1 places have been finalised will a limited number of RPL candidates be admitted onto the qualification.

International Students
International applicants whose first language is not English are required to provide proof of proficiency in English before admission to the qualification.

Further to the requirements for admission provided above, foreign nationals or South African nationals seeking to apply for admission onto the qualification based on a non-South African/foreign NQF Level 8 equivalent qualification or degree must obtain – and submit to Milpark – a Certificate of Equivalence from the South African Qualifications Authority (SAQA) (www.saqa.org.za).

Is Milpark Business School internationally accredited?

Yes. Our MBA programme is internationally accredited by the Association of MBAs (AMBA). This accreditation is a mark of excellence and quality, ensuring global recognition. Graduates gain the credibility and skills to pursue careers internationally.

What does AMBA accreditation mean for Milpark’s MBA students?

It means that our MBA programme meets rigorous international standards in teaching, curriculum and student outcomes. Graduating from an AMBA-accredited institution provides global recognition and enhanced career opportunities.

What is the cost of the international elective in the MBA programme?

The cost of the international elective varies depending on the destination.

Is an entrance assessment required for the MBA programme?

Yes. All applicants for the MBA programme must achieve an acceptable rating in the Milpark Education admission test administered by Top Talent Solutions (TTS).

What if I’ve already taken an entrance assessment?

If you’ve previously written the TTS test and the results are still valid, you won’t need to take it again.

Are there any alternatives to the TTS entrance assessment?

Yes. If you’ve taken the GMAT, NMAT, APIL or SHL tests and have valid results, you may submit those for evaluation instead.

Is there an age requirement for the MBA programme?

Yes, applicants must be at least 25 years old to be eligible for the MBA programme because it is designed for professionals with a postgraduate degree and substantial work experience.

How much time should I expect to spend on each PGDBA module?

The time commitment for each module is calculated based on notional hours. One credit typically equals 10 notional hours of work. For example, a 25-credit module would require approximately 250 hours of total study time, including all related activities.

How many module exemptions can I get if I move from the Milpark PGDBA to the MBA?

You can receive exemptions for five modules. This enables you to potentially complete the MBA programme in a shorter period.

Does Milpark Business School offer Distance Learning (DL) options?

No. All the courses in the Business School are offered via Distance Learning Online (DLO). As a result, students can exchange ideas and collaborate with peers in a globally connected classroom environment to establish professional networks, which can lead to collaborations or international employment opportunities. 

DLO is a fully digital learning experience. Students in this mode access all their study materials, including textbooks, through Milpark’s online learning platform. DLO provides a highly interactive and engaging environment, with regular live online classes, discussion forums and collaborative projects.

Is Milpark Education accredited?

Yes. Milpark is registered with the Department of Higher Education and Training (DHET). Our qualifications are accredited by the Higher Education Quality Committee (HEQC) of the Council on Higher Education (CHE). Our qualifications are also recognised on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). 

Does NSFAS fund Milpark Education?

NSFAS only covers public institutions and TVET Colleges. As a private higher education institution, Milpark Education does not offer NSFAS funding. However, we provide select bursaries and work closely with Capitec to offer financial aid to prospective students. Learn more about our Capitec partnership here.

Does Milpark offer bursaries?

Yes, Milpark Education offers bursaries based on academic performance and financial need. Applications typically open in September and close in November for the following year. Please note, bursaries are not available for the Postgraduate Diploma in Accounting (PGDA/CTA) and Advanced Accounting (Bridging Short Course to PGDA/CTA).

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