Financial Management in Trade Unions Training

Learning Outcomes

• Explain the role and function of financial management in the trade union context.
• Apply basic financial principles to interpret union financial statements and reports.
• Analyze budgeting processes and contribute to the preparation of a union budget.
• Evaluate internal control mechanisms to ensure financial accountability and transparency.
• Demonstrate an understanding of the legal and regulatory framework governing union finances.

Target Audience

Trade union shop stewards, branch officials, and executive committee members who are involved in financial decision-making or oversight within their unions.

Prerequisites

None — open enrollment.

Course Outline

Practicals

Overview

Practical sessions allow learners to apply financial management concepts to real-world union scenarios. They include hands-on budget preparation, record keeping, and internal control exercises using sample union data.

Practical Activities

• Budget Preparation Exercise — Learners work in groups to prepare a detailed annual budget for a hypothetical trade union, including income and expenditure estimates. (4h)
• Financial Record Keeping Simulation — Using sample transactions, learners maintain a cash book and general ledger, then prepare a trial balance. (4h)
• Internal Control Review — Learners assess a case study union's internal controls, identify weaknesses, and recommend improvements. (4h)
• Financial Statement Analysis — Learners analyze sample financial statements to assess the union's financial health and make strategic recommendations. (4h)

Summatives

Each delegate is assessed continuously throughout the course via daily exercises, scored practical assignments, and a final summative test at the end.

Practical Assignments — 30%

Practical assignments are observed and scored against a rubric during the practical sessions. Each delegate's practical mark is averaged into a single 100% score and contributes 30% to the final total.

Daily Exercises — 20%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 20% to the final total.

Final Test — 50%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 50% to the overall mark.

Final Total

Component	Out of	Weight
Practical Assignments (rubric-scored)	100%	30%
Daily Average (multiple choice)	100%	20%
Final Test (multi-answer multiple choice)	100%	50%
Final Total	—	100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

How it works

• Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
• Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
• You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
• If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.

Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates	Discount
5	3% off
10	6% off
15	9% off
20	12% off
25	15% off
30	18% off
50	30% off
75	35% off
100	40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.