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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: |
Manage finance in a small business |
SAQA US ID | UNIT STANDARD TITLE | |||
117500 | Manage finance in a small business | |||
ORIGINATOR | ||||
SGB Administration | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | ||||
- | ||||
FIELD | SUBFIELD | |||
Field 03 - Business, Commerce and Management Studies | Office Administration | |||
ABET BAND | UNIT STANDARD TYPE | PRE-2009 NQF LEVEL | NQF LEVEL | CREDITS |
Undefined | Regular-Fundamental | Level 4 | NQF Level 04 | 8 |
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 |
A person credited with this Unit Standard is able to demonstrate an understanding of entrepreneurial finance; South African legislation related to company finance; sources of finance, and financial supervision related both to start-up and operational finance.
In particular, on completion of this Unit Standard, the learner is able to: |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
Learners should be competent in:
|
UNIT STANDARD RANGE |
Although the learner will gain knowledge of various forms of capital injection he/she will not be expected to act as an expert in any of these methods, based solely on the achievement of this Unit Standard. |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Raise financial support externally. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Sources of funds are identified and contacted in order to compile a list of potential financiers, their requirements and possible capital injection values. |
ASSESSMENT CRITERION 2 |
The most suitable source of funds is followed up and any required collateral is assessed and offered against funding. |
ASSESSMENT CRITERION 3 |
Application for the loan or funding is compiled and submitted together with a business plan and any other required documentation. |
ASSESSMENT CRITERION 4 |
Repayments including any interest are determined, matched to the budget in the business plan; and if feasible the agreement is entered into. |
SPECIFIC OUTCOME 2 |
Calculate the break-even budget. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Fixed and variable costs are assessed, based on the business plan. |
ASSESSMENT CRITERION 2 |
The contribution margin ratio is determined per unit of product/service offered. |
ASSESSMENT CRITERION 3 |
Trading expenses per a revised business plan are included in order to produce a budget of all anticipated costs and expenses. |
ASSESSMENT CRITERION 4 |
Break-even point is established in terms of rands and units of required sales per period to meet this total budget. |
SPECIFIC OUTCOME 3 |
Assess the impact of tax and other statutory expenses. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
The impact of company tax is determined in accordance with the type of business ownership constructed. |
ASSESSMENT CRITERION 2 |
Value Added Tax is managed in accordance with statutory requirements. |
ASSESSMENT CRITERION 3 |
All monthly statutory returns are timeously completed and remitted with the appropriate payment. |
ASSESSMENT CRITERION 4 |
Taxes and other statutory payments are estimated and included in the budget. |
SPECIFIC OUTCOME 4 |
Supervise financial record keeping and cash flow. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Source documents of all income, expense and balance sheet items are appropriately filed and stored. |
ASSESSMENT CRITERION 2 |
Data is captured on the accounting system in use, in order for the appropriate reports to be compiled. |
ASSESSMENT CRITERION 3 |
Debtors and creditors are controlled in order to keep the cash flow in a positive or acceptable position. |
ASSESSMENT CRITERION 4 |
Overdraft facilities are negotiated with a financial institution. |
UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE |
The knowledge underpinning the above specific outcomes is:
|
UNIT STANDARD DEVELOPMENTAL OUTCOME |
N/A |
UNIT STANDARD LINKAGES |
N/A |
Critical Cross-field Outcomes (CCFO): |
UNIT STANDARD CCFO IDENTIFYING |
Problem identification and solution in creative ways when supervising record keeping. |
UNIT STANDARD CCFO ORGANISING |
Organising and managing self within the context of organisational transformation. |
UNIT STANDARD CCFO COLLECTING |
Critically collecting, evaluating and analysing information when determining which the best source of external financing is. |
UNIT STANDARD CCFO SCIENCE |
Appropriate use of information technology equipment and systems when keeping financial records. |
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 | |
Elective | 50285 | National Certificate: Professional Driving | Level 3 | NQF Level 03 | Reregistered | 2023-06-30 | TETA |
Elective | 49129 | Further Education and Training Certificate (FETC): Management and Administration | Level 4 | NQF Level 04 | Reregistered | 2023-06-30 | SERVICES |
Elective | 63669 | Further Education and Training Certificate: Fitness | 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 | 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 | 60652 | Professional Qualification: Management and Administration | Level 4 | Level TBA: Pre-2009 was L4 | 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 |
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. | AAH Skills and Development |
2. | Africa Training Centre |
3. | Akane Training Academy |
4. | Algoa Bus Company |
5. | All-in-one Driving Academy |
6. | AMA Training Skills Devleopment Centre |
7. | Andebe Training and Skills Development |
8. | Bakubung Driver Training and consultants CC |
9. | Barloworld Transport Solutions |
10. | Bev Short Training Consultants |
11. | Big Fish School of Digital Filmmaking (Pty) Ltd |
12. | Big J Training Academy |
13. | Bolton Business College & Computer Studies |
14. | Bumbene Safety Consultants (Pty) Ltd |
15. | Buscor |
16. | CHAMDOR DRIVER TRAINING CC |
17. | Climamark (PTY) Ltd |
18. | Comfortable Tech |
19. | Dee's Training (PTY) LTD |
20. | Dees Driver Training Centre |
21. | DIONYSUS SKILLS DEVELOPMENT INITIATIVE PTY LTD |
22. | Driving Sense |
23. | Dynamic Institute of Training S.A |
24. | Eastcape Training Centre |
25. | EDU - FLEET |
26. | ESS Holdings (PTY) Ltd |
27. | Evaflex |
28. | Excellect 209 PTY LTD |
29. | FILM Mentorship & Training |
30. | Footprint Media academy Pty ltd |
31. | Fost Training Pty (Ltd) |
32. | Gerotek Test Facilities |
33. | Global Safety Training & Skills Dev Standards |
34. | Golden Arrow Bus Services_pty Ltd |
35. | GREENRIM TRAINING PTY LTD |
36. | He and She Driver Training Centre |
37. | Heslop Brothers (Pty) Ltd |
38. | Ikaheng HR Solutions Pty Ltd |
39. | Impact Skills Development (Pty) Ltd |
40. | Imperial Logistics Group t/a Dedicated Contracts |
41. | Inkqubela Consultants |
42. | Innovative Shared Services |
43. | Interlink Technical Training |
44. | Iyanda Holdings(Pty) Ltd |
45. | Kahisano Skills Development and Training |
46. | KDS Centre for Skills Development and Training Pty Ltd |
47. | Kitta Transport Training Academy |
48. | KZN Taxi and Commuter Corporation NPC |
49. | Learncore |
50. | Learncorp |
51. | Lwaze Lwanda General Traders CC |
52. | Madibeng Edu Centre and Suppliers Pty Ltd |
53. | Madidi Supply Chain Institute and Business Institute |
54. | Makwedeng Training |
55. | Maliwa Investment (Pty)Ltd |
56. | Mnce Trading cc |
57. | Mohloboli Trading and Projects |
58. | Moripe Business and Training Consultants |
59. | Ndikho Ndinani Protection (Pty) Ltd |
60. | Nghunyule Investments |
61. | NOSA LOGISTICS PTY LTD |
62. | Ntalo Training & Consulting Services |
63. | Ntsoaki Driving School |
64. | Pal Passenger Bus Services |
65. | Phephani Learnerships cc |
66. | Precision skills development and training |
67. | PUTCO Pty Ltd |
68. | Quantum Leap College Pty Ltd |
69. | RCH Investments (Pty) Ltd |
70. | Royal Impression Academy |
71. | S-Squared Training Solutions Pty Ltd |
72. | Safe and Eco Driving Pty Ltd |
73. | SC Training and Consulting |
74. | Segaole Driving School |
75. | South African Film Institute |
76. | South African Transport Centre of Excellence |
77. | Southern Seas Institute CC |
78. | SPINA Consultancy cc Cape Town |
79. | SVA Training |
80. | THABO Training and Services |
81. | The Skills Authority |
82. | Thwala Training Services Pty Ltd |
83. | Training Consultant and SD College |
84. | UKWAKHILE TRAINING |
85. | Uzoyithola Training and Consulting |
86. | Vhonisani Training Academy & Projects |
87. | 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. |