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All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source. |
SOUTH AFRICAN QUALIFICATIONS AUTHORITY |
REGISTERED UNIT STANDARD: |
Perform financial planning and control functions for a small business |
SAQA US ID | UNIT STANDARD TITLE | |||
114738 | Perform financial planning and control functions for a small business | |||
ORIGINATOR | ||||
SGB GET & FET Business, Commerce and Mngment Stud | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | ||||
- | ||||
FIELD | SUBFIELD | |||
Field 03 - Business, Commerce and Management Studies | Finance, Economics and Accounting | |||
ABET BAND | UNIT STANDARD TYPE | PRE-2009 NQF LEVEL | NQF LEVEL | CREDITS |
Undefined | Regular | Level 4 | NQF Level 04 | 6 |
REGISTRATION STATUS | REGISTRATION START DATE | REGISTRATION END DATE | SAQA DECISION NUMBER | |
Reregistered | 2018-07-01 | 2023-06-30 | SAQA 06120/18 | |
LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
2024-06-30 | 2027-06-30 |
In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise. |
This unit standard does not replace any other unit standard and is not replaced by any other unit standard. |
PURPOSE OF THE UNIT STANDARD |
This Unit Standard is for people who are responsible for controlling the finances of a small business or who are responsible for the bookkeeping aspect of financial management in larger organisations.
Qualifying learners will be able to: |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
It is assumed that learners are competent in Communication, Mathematical Literacy and Accounting at NQF Level 3. |
UNIT STANDARD RANGE |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Prepare a business plan suitable for submission to a financial institution. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
The various components that should be included in a business plan that will be submitted to a financial institution, are identified with examples given from the plan of a successful organisation. |
ASSESSMENT CRITERION 2 |
A business plan is constructed in a form that would be generally acceptable by a financial institution. |
SPECIFIC OUTCOME 2 |
Monitor actual performance of an organisation against budget. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
A columnar budget is constructed so that planned income and expenditure can be compared against actual income and expenditure. |
ASSESSMENT CRITERION 2 |
Positive and negative variances are identified using standard financial management practice. |
ASSESSMENT CRITERION 3 |
A report is drawn up on the financial position of the organization resulting from the comparison of actual versus budgeted income and expenditure so as to aid decision-making and future action for the organisation. |
SPECIFIC OUTCOME 3 |
Decide on the purchase of fixed assets based on highest financial return. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Investment appraisal techniques are used to calculate forecast returns from the potential purchase of fixed assets. |
ASSESSMENT CRITERION RANGE |
Payback, Internal Rate of Return and Net Present Value. |
ASSESSMENT CRITERION 2 |
The results of investment appraisal calculations are used to decide which fixed assets to purchase. |
SPECIFIC OUTCOME 4 |
Understand the importance of financial reporting. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
The different types of financial reporting done by a small organization are identified and an indication given of the target audience of each report. |
ASSESSMENT CRITERION 2 |
The advantages of producing periodic financial reports/statements are explained with examples. |
ASSESSMENT CRITERION 3 |
The dangers presented to a small business by the absence of financial reports are explained with the use of examples. |
UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE |
N/A |
UNIT STANDARD DEVELOPMENTAL OUTCOME |
N/A |
UNIT STANDARD LINKAGES |
N/A |
Critical Cross-field Outcomes (CCFO): |
UNIT STANDARD CCFO IDENTIFYING |
Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made. |
UNIT STANDARD CCFO ORGANISING |
Organise and manage oneself and one's activities responsibly and effectively. |
UNIT STANDARD CCFO COLLECTING |
Collect, organise and critically evaluate information. |
UNIT STANDARD CCFO COMMUNICATING |
Communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations. |
UNIT STANDARD CCFO SCIENCE |
Use science and technology effectively and critically (showing responsibility towards the environment and health of others). |
UNIT STANDARD CCFO DEMONSTRATING |
Demonstrate an understanding of the world as a set of related systems. |
UNIT STANDARD CCFO CONTRIBUTING |
Be culturally and aesthetically sensitive across a range of social contexts. |
UNIT STANDARD ASSESSOR CRITERIA |
N/A |
REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. |
UNIT STANDARD NOTES |
N/A |
QUALIFICATIONS UTILISING THIS UNIT STANDARD: |
ID | QUALIFICATION TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | STATUS | END DATE | PRIMARY OR DELEGATED QA FUNCTIONARY | |
Core | 48736 | National Certificate: Small Business Financial Management | Level 4 | NQF Level 04 | Reregistered | 2023-06-30 | FASSET |
Core | 49119 | National Certificate: Craft Operational Management | Level 5 | Level TBA: Pre-2009 was L5 | Reregistered | 2023-06-30 | CATHSSETA |
Elective | 67465 | National Certificate: Business Administration Services | Level 3 | NQF Level 03 | Reregistered | 2021-06-30 | As per Learning Programmes recorded against this Qual |
Elective | 50285 | National Certificate: Professional Driving | Level 3 | NQF Level 03 | Reregistered | 2023-06-30 | TETA |
Elective | 61595 | Further Education and Training Certificate: Business Administration Services | Level 4 | NQF Level 04 | Reregistered | 2021-06-30 | As per Learning Programmes recorded against this Qual |
Elective | 49127 | Further Education and Training Certificate: Design Foundation | Level 4 | NQF Level 04 | Reregistered | 2023-06-30 | MICTS |
Elective | 67461 | Further Education and Training Certificate: Event Support | Level 4 | NQF Level 04 | Reregistered | 2021-06-30 | As per Learning Programmes recorded against this Qual |
Elective | 57712 | Further Education and Training Certificate: Generic Management | Level 4 | NQF Level 04 | Reregistered | 2023-06-30 | As per Learning Programmes recorded against this Qual |
Elective | 49531 | Further Education and Training Certificate: Inclusive Education | Level 4 | NQF Level 04 | Reregistered | 2023-06-30 | ETDP SETA |
Elective | 67697 | Further Education and Training Certificate: Sport Administration | Level 4 | NQF Level 04 | Reregistered | 2021-06-30 | As per Learning Programmes recorded against this Qual |
Elective | 58394 | National Certificate: Film and Television Production | Level 5 | Level TBA: Pre-2009 was L5 | Reregistered | 2023-06-30 | MICTS |
Elective | 58978 | National Certificate: Journalism | Level 5 | Level TBA: Pre-2009 was L5 | Reregistered | 2023-06-30 | MICTS |
Elective | 49123 | National Certificate: Journalism | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Registered" |
2007-10-18 | Was MICTS until Last Date for Achievement |
Elective | 97228 | National Certificate: Paralegal Practice | Level 5 | NQF Level 05 | Reregistered | 2021-06-30 | As per Learning Programmes recorded against this Qual |
PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: |
This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here. |
1. | 2000 SIMUNYE SECURITY TRAINING ACADEMY |
2. | AAH Skills and Development |
3. | ADVANCED RISK SOLUTIONS 10000 (PTY) LTD |
4. | AFRIC POLICING INSTITUTE |
5. | Akane Training Academy |
6. | Algoa Bus Company |
7. | All-in-one Driving Academy |
8. | AMA Training Skills Devleopment Centre |
9. | AMODA LEGAL CONSULTING |
10. | Andebe Training and Skills Development |
11. | ARKE LEGAL ADVISORS |
12. | Artshub Institute (Pty) Ltd |
13. | ATTI Nelspruit Pty Ltd |
14. | Bakubung Driver Training and consultants CC |
15. | Barloworld Transport Solutions |
16. | Big Fish School of Digital Filmmaking (Pty) Ltd |
17. | Big J Training Academy |
18. | BITLINE SA 368 CC |
19. | BOKAMOSO INSTITUTE OF SOUTH AFRICA |
20. | Bolton Business College & Computer Studies |
21. | Bumbene Safety Consultants (Pty) Ltd |
22. | Buscor |
23. | CAMBLISH TRAINING INSTITUTE PTY LTD |
24. | CENTRE FOR COMMUNITY JUSTICE AND DEVELOPMENT |
25. | Centre for Logistics Excellence Pty Ltd |
26. | Climamark (PTY) Ltd |
27. | Comfortable Tech |
28. | CRANE INTERNATIONAL ACADEMY DURBAN |
29. | CRANE INTERNATIONAL ACADEMY MIDDLEBURG |
30. | CRANE INTERNATIONAL BURGERSFORT |
31. | CRANE SKILLS TRAINING ACDEMY INTERNATIONAL |
32. | CTU Training Solutions |
33. | DIONYSUS SKILLS DEVELOPMENT INITIATIVE PTY LTD |
34. | Diversity technology Training Institute |
35. | DOBSONVILLE HUMAN RIGHTS CENTRE |
36. | Drive Smart Training Academy |
37. | Dynamic Institute of Training S.A |
38. | Eastcape Training Centre |
39. | ELASON PRO-ACTIVE SECURITY (PTY) LTD |
40. | ENGIE SECURITY SERVICES TRAINING AND DEVELOPMENT CENTRE PTY LTD |
41. | Exodec 388 CC |
42. | Falcon Business Institute (Pty) Ltd |
43. | FILM Mentorship & Training |
44. | Footprint Media academy Pty ltd |
45. | FUMANI HOLDINGS PTY LTD |
46. | Gerotek Test Facilities |
47. | Global Safety Training & Skills Dev Standards |
48. | GOBELA CONSULTING |
49. | Golden Arrow Bus Services_pty Ltd |
50. | GREENRIM TRAINING PTY LTD |
51. | He and She Driver Training Centre |
52. | Heslop Brothers (Pty) Ltd |
53. | HJN POLOKWANE BRANCH PTY LTD |
54. | IALE School of Advanced Learning and Education (Pty) Ltd |
55. | Ikaheng HR Solutions Pty Ltd |
56. | Ikhwezi Training Institute (Pty) Ltd |
57. | Ikusasa Lethu Projects and Training (Pty) Ltd |
58. | IMPERIAL CROWN TRADING 490 PTY LTD |
59. | INFINITUS TRAINING SOLUTION PTY LTD |
60. | Inkqubela Consultants |
61. | INSTITUTE FOR PROFESSIONAL LEGAL TRAINING |
62. | Institute of Business Management |
63. | Interlink Technical Training |
64. | Jeppe College of Commerce and Computer Studies |
65. | Kahisano Skills Development and Training |
66. | KZN Taxi and Commuter Corporation NPC |
67. | Learncore |
68. | Learncorp |
69. | Little Treehouse Holdings (PTY) Ltd |
70. | Lwaze Lwanda General Traders CC |
71. | Madibeng Edu Centre and Suppliers Pty Ltd |
72. | Madidi Supply Chain Institute and Business Institute |
73. | Makwedeng Training |
74. | MANDULO FOUNDATION |
75. | MAS SAFE SECURITY CC |
76. | MIDRAND TRAINING ACADEMY PTY LTD |
77. | MPHAFA TRAINING PROVIDERS (PTY) LTD |
78. | MY KIDS EMPIRE INVESTMENTS AND PROJECTS |
79. | Ndikho Ndinani Protection (Pty) Ltd |
80. | NEMISA |
81. | NOSA LOGISTICS PTY LTD |
82. | Ntalo Training & Consulting Services |
83. | Ntsoaki Driving School |
84. | Oakfields College |
85. | Oakfields College (Head Office) |
86. | OXY TRADING 735 CC |
87. | Pal Passenger Bus Services |
88. | PHALAPHALA MANAGEMENT CONSULTING CC |
89. | Phephani Learnerships cc |
90. | Precision skills development and training |
91. | PUTCO Pty Ltd |
92. | Quantum Leap College Pty Ltd |
93. | QUBELISA MTIYA SKILLS DEVELOPMENT ACADEMY (PTY) LTD |
94. | RAMAZWI SECURITY SERVICES CC |
95. | RAND INTERNATIONAL MANAGEMENT AND TRAINING CONSULTANTS PTY LTD |
96. | Royal Impression Academy |
97. | SA LAW SCHOOL DURBAN |
98. | SA PROTECTION AND SECURITY UNIT (PTY) LTD |
99. | Safe and Eco Driving Pty Ltd |
100. | SAKHISISIZWE PROJECTS |
101. | SC Training and Consulting |
102. | Sediba Sabasadi Skills Training Academy (Pty) Ltd |
103. | Segaole Driving School |
104. | SIYANIVIKELA SECURITY SERVICES |
105. | SNAP SOLUTIONS NETWX PTY LTD |
106. | South African Film Institute |
107. | South African Transport Centre of Excellence |
108. | Southern Seas Institute CC |
109. | SPINA Consultancy cc Cape Town |
110. | SVA Training |
111. | THABO Training and Services |
112. | The Institute of Paralegal Practice Development and Research |
113. | The Skills Authority |
114. | Thwala Training Services Pty Ltd |
115. | Training Consultant and SD College |
116. | Triton Express Pty Ltd |
117. | UKHIYE CONSULTING |
118. | UKWAKHILE TRAINING |
119. | Vhonisani Training Academy & Projects |
120. | VISHAL JUNKEEPARSAD AND COMPANY INC |
121. | Visual Skills School (Pty) Ltd |
122. | W Z EVENTS AND PROJECTS MANAGEMENT |
123. | XULU-MAKHATHINI CONSULTANT |
124. | Yes We Can Consulting Pty Ltd |
All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source. |