The scope of this text focuses on the business environment in all the economic sectors in South Africa and as such will enable the reader to have an understanding of: The financial function of an organisation; The basic concepts of financial management; The banking issues and basics of insurance relating to an organisation; As well as managing: The buying and selling activities in an office; The wages, salaries and petty cash in an office Finally, to equip the reader to draw up and manage an office budget.

This book will be useful to students who are currently involved in handling financial issues in any office environment. The aim of this module is to equip office employees with the necessary skills and knowledge to manage financial issues in the office relating to budgeting, buying and selling, wages and salaries, petty cash, banking and insurance. The credit calculation is based on the assumption that students are already competent in terms of the following outcomes or areas of learning when starting to learn towards this section standard, namely: A senior certificate or equivalent NQF level 4 qualification; Studying independently and communicating effectively in the language of instruction; and performing basic arithmetic calculations. The scope and context of this section standard focuses on the business environment in all the economic sectors in South Africa. This module will enable you to: understand the financial function of an organisation as well as the basic concepts of financial management; draw up and manage the office budget; manage the buying and selling activities in an office; manage the wages and salaries in an office; manage the petty cash in an office; understand the banking issues related to an organisation; and understand the basics of insurance in an organisation.