SAQA 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 
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:
  • Prepare a business plan.
  • Monitor actual performance against a budget.
  • Make decisions on purchasing of fixed assets.
  • Understand the importance of financial reporting. 

  • 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 
  • A person may exhibit this competence in the private and/ or the public sector.
  • VAT returns are included. 

  • 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 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA,or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • 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  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  58978   National Certificate: Journalism  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  MICTS 
    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. Academy of Guilds ''design in the making'' 
    4. ADVANCED RISK SOLUTIONS 10000 (PTY) LTD 
    5. AFRIC POLICING INSTITUTE 
    6. Algoa Bus Company 
    7. ALL CONNECTIONS 
    8. All-in-one Driving Academy 
    9. Andebe Training and Skills Development 
    10. Areka Logistics Solution 
    11. ARKE LEGAL ADVISORS 
    12. Artshub Institute (Pty) Ltd 
    13. ATTI Nelspruit Pty Ltd 
    14. Barloworld Transport Solutions 
    15. BATES COLLEGE OF TECHNOLOGY POLOKWANE 
    16. Big Fish School of Digital Filmmaking (Pty) Ltd 
    17. Bolton Business College & Computer Studies 
    18. BOSTON ADMINISTRATION SERVICES BELLVILLE 
    19. BOSTON ADMINISTRATION SERVICES BENONI 
    20. BOSTON ADMINISTRATION SERVICES BLOEMFONTEIN 
    21. BOSTON ADMINISTRATION SERVICES BRAAMFONTEIN 
    22. BOSTON ADMINISTRATION SERVICES GERMISTON 
    23. BOSTON ADMINISTRATION SERVICES KEMPTON PARK 
    24. BOSTON ADMINISTRATION SERVICES KIMBERLEY 
    25. BOSTON ADMINISTRATION SERVICES KRUGERSDORP 
    26. BOSTON ADMINISTRATION SERVICES ORANGE GROVE 
    27. BOSTON ADMINISTRATION SERVICES POLOKWANE 
    28. BOSTON ADMINISTRATION SERVICES PRETORIA 
    29. BOSTON ADMINISTRATION SERVICES RICHARDS BAY 
    30. BOSTON ADMINISTRATION SERVICES ROODEPOORT 
    31. BOSTON ADMINISTRATION SERVICES SOMERSET WEST 
    32. BOSTON ADMINISTRATION SERVICES STANGER 
    33. BOSTON ADMINISTRATION SERVICES WELKOM 
    34. BOSTON ADMINISTRATION SERVICES WITBANK 
    35. Buscor 
    36. CAPRICON TVET COLLEGE 
    37. CC PROTECTION AND INVESTIGATION SERVICE PTY LTD 
    38. CENTRE FOR COMMUNITY JUSTICE AND DEVELOPMENT 
    39. Centre for Logistics Excellence (Pty) Ltd 
    40. CTU Training Solutions 
    41. DIONYSUS SKILLS DEVELOPMENT INITIATIVE PTY LTD 
    42. E E L PROTECTION SERVICES 
    43. Eastcape Training Centre 
    44. ELASON PRO-ACTIVE SECURITY (PTY) LTD 
    45. eMedia Investment 
    46. Falcon Business Institute (Pty) Ltd 
    47. FILM Mentorship & Training 
    48. Footprint Media academy Pty ltd 
    49. Gauteng Central College PTY LTD 
    50. Gerotek Test Facilities 
    51. GOBELA CONSULTING 
    52. Golden Arrow Bus Services 
    53. He and She Driver Training Centre 
    54. HILLCROSS BUSINESS COLLEGEPTY LTD 
    55. HJN TRAINING CC Pretoria 
    56. IALE School of Advanced Learning and Education (Pty) Ltd 
    57. Ikaheng HR Services Pty Ltd 
    58. In Excess Trading 22 T/A ATTI Polokwane 
    59. IN TOTO LEGAL AND CORPORATE SERVICES 
    60. INFINITUS TRAINING SOLUTION PTY LTD 
    61. Inkqubela Consultants 
    62. Institute of Business Management 
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    64. Kundani Trading 
    65. Learncorp 
    66. LEGAL EAGLES ACADEMY 
    67. Legal Expenses Insurance SA 
    68. Makwedeng Training 
    69. MAS SAFE SECURITY CC 
    70. Media Village Communication 
    71. NEMISA 
    72. NETWORK FOR CAREER DEVELOPMENT 
    73. NKANGALA TRAINING CENTRE 
    74. NKANGALA TVET COLLEGE 
    75. NOSA LOGISTICS PTY LTD 
    76. Oakfields College 
    77. Oakfields College (Head Office) 
    78. OXY TRADING 735 CC 
    79. Pal Passenger Bus Services 
    80. PHALAPHALA MANAGEMENT CONSULTING CC 
    81. Phephani Learnerships cc 
    82. PUTCO Limited 
    83. RAMAZWI SECURITY SERVICES CC 
    84. Safe and Eco Driving (Pty) Ltd 
    85. SAKHISISIZWE PROJECTS 
    86. SHEMULA TRADING ENTERPRISE 
    87. SKIMOZ (PTY) LTD 
    88. SNAP SOLUTIONS NETWX PTY LTD 
    89. South African Film Institute 
    90. SOUTH AFRICAN LAW SCHOOL 
    91. South African Transport Centre of Excellence 
    92. SPINA Consultancy cc Cape Town 
    93. THABO Training and Services 
    94. THATHA ARTS 
    95. The Media Workshop cc 
    96. Thwala Training Services (Pty) Ltd 
    97. Training for Results (Pty) Ltd 
    98. UKWAKHILE TRAINING 
    99. VISHAL JUNKEEPARSAD AND COMPANY INC 
    100. Visual Skills School (Pty) Ltd 
    101. W Z EVENTS AND PROJECTS MANAGEMENT 



    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.