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 THAT HAS PASSED THE END DATE:

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
Passed the End Date - Status was "Reregistered"		2018-07-01	2023-06-30	SAQA 06120/18
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2026-06-30		2029-06-30

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	Passed the End Date - Status was "Reregistered"	2023-06-30	FASSET
Core	49119	National Certificate: Craft Operational Management	Level 5	Level TBA: Pre-2009 was L5	Passed the End Date - Status was "Reregistered"	2023-06-30	CATHSSETA
Elective	67465	National Certificate: Business Administration Services	Level 3	NQF Level 03	Passed the End Date - Status was "Reregistered"	2023-07-30	As per Learning Programmes recorded against this Qual
Elective	50285	National Certificate: Professional Driving	Level 3	NQF Level 03	Passed the End Date - Status was "Reregistered"	2023-06-30	TETA
Elective	61595	Further Education and Training Certificate: Business Administration Services	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Elective	49127	Further Education and Training Certificate: Design Foundation	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	MICTS
Elective	67461	Further Education and Training Certificate: Event Support	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Elective	57712	Further Education and Training Certificate: Generic Management	Level 4	NQF Level 04	Passed the End Date - Status was "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	Passed the End Date - Status was "Reregistered"	2023-06-30	ETDP SETA
Elective	67697	Further Education and Training Certificate: Sport Administration	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Elective	58394	National Certificate: Film and Television Production	Level 5	Level TBA: Pre-2009 was L5	Passed the End Date - Status was "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	Passed the End Date - Status was "Reregistered"	2023-06-30	MICTS
Elective	97228	National Certificate: Paralegal Practice	Level 5	NQF Level 05	Passed the End Date - Status was "Reregistered"	2023-06-30	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.	AAH Skills and Development
2.	ACT SKILLS DEVELOPMENT
3.	ADVANCED RISK SOLUTIONS 10000 (PTY) LTD
4.	AFRIC POLICING INSTITUTE
5.	Akane Training Academy
6.	All Connections
7.	Andebe Training and Skills Development
8.	ARKE LEGAL ADVISORS
9.	BITLINE SA 368 CC
10.	BLC Entertainment
11.	Blue Crane Skills Development
12.	Bumbene Safety Consultants (Pty) Ltd
13.	CC PROTECTION AND INVESTIGATION SERVICE PTY LTD
14.	Centre for Logistics Excellence (Pty) Ltd
15.	Century Business Academy
16.	Chithi Holdings
17.	Clearline Consulting Pty Ltd
18.	COLLINS SEBOLA FINANCIAL SERVICES (PTY)
19.	CRANE INTERNATIONAL ACADEMY DURBAN
20.	CRANE INTERNATIONAL ACADEMY MIDDLEBURG
21.	CRANE INTERNATIONAL BURGERSFORT
22.	CRANE SKILLS TRAINING ACDEMY INTERNATIONAL
23.	Department Of Justice (head Office)
24.	Diversity technology Training Institute
25.	Dynamic Institute of Training S.A
26.	E E L PROTECTION SERVICES
27.	ELASON PRO-ACTIVE SECURITY (PTY) LTD
28.	ENGIE SECURITY SERVICES TRAINING AND DEVELOPMENT CENTRE PTY LTD
29.	Exodec 388 CC
30.	EYETHU NATIONAL COMPUTER COLLEGE PTY LTD
31.	Frayintermedia Cc
32.	GOLDEN ARROW BUS SERVICES PTY LTD
33.	Golden Arrow Bus Services_pty Ltd
34.	GREEN MARKET SQUARE T/A SA LAW SCHOOL PRETORIA
35.	GREENRIM TRAINING PTY LTD
36.	He and She Driver Training Centre
37.	HILLCROSS BUSINESS SCHOOL (PTY
38.	HJN POLOKWANE BRANCH PTY LTD
39.	HJN PROTORIA BRANCH 02
40.	HJN TRAINING CC
41.	Ikhwezi Training Institute (Pty) Ltd
42.	Ikusasa Lethu Projects and Training (Pty) Ltd
43.	Imperial Crown Trading 490 Pty Ltd
44.	INFINITUS TRAINING SOLUTION (PTY) LTD
45.	Inkqubela Consultants
46.	Jeppe College of Commerce and
47.	Kahisano Skills Development and Training
48.	Legaelamatlo Development and Projects
49.	Little Treehouse Holdings (PTY) Ltd
50.	LUCENT EDUCATION PTY LTD
51.	Lwaze Lwanda General Traders CC
52.	MadibengGeneral Suppliers
53.	Madidi Supply Chain Institute & Business Consultant
54.	MANDULO FOUNDATION
55.	MAS SAFE SECURITY CC
56.	MIDRAND TRAINING ACADEMY PTY LTD
57.	Mnce Trading cc
58.	Musengavhadzimu Media
59.	MY KIDS EMPIRE INVESTMENTS AND PROJECTS
60.	N MAHARAJ ATTORNEYS
61.	OXY TRADING 735 CC
62.	PAL PASSENGER BUS SERVICES
63.	Phephani Learnerships cc
64.	Precision skills development and training
65.	Prior Learning Centre
66.	PRX SCHOOL TEST
67.	Quantum Leap College Pty Ltd
68.	QUBELISA MTIYA SKILLS DEVELOPMENT ACADEMY (PTY) LTD
69.	RAMAZWI SECURITY SERVICES CC
70.	Rand International Management and Training Consultants (Pty) Ltd
71.	Redefined Skills Training & Development (Pty) Ltd
72.	RI A LINDA SECURITY SOLUTIONS
73.	Richfield Graduate Institute of Technology Pty Ltd
74.	Royal Impression Academy
75.	SA PROTECTION AND SECURITY UNIT (PTY) LTD
76.	Safe and Eco Driving Pty Ltd
77.	Sakhisisizwe Projects
78.	SC Training
79.	SDC Security and Safety Pty Ltd
80.	Sediba Sabasadi Skills Training Academy (Pty) Ltd
81.	Segaole Driving School
82.	SHAMARIAH SECURITY AND TRAINING
83.	Sherq Technical Solutions (Pty) Ltd.
84.	SIYANIVIKELA SECURITY SERVICES
85.	SOUTH AFRICAN LAW SCHOOL
86.	SOUTH AFRICAN LAW SCHOOL RANDBURG
87.	South African Transport Centre of Excellence
88.	SPINA Consultancy cc Cape Town
89.	SVA Training
90.	The Institute of Paralegal Practice Development and Research
91.	The Skills Authority
92.	Thomani Techonology Solutions
93.	Thwala Training Services (Pty) Ltd
94.	Together Lifestyle Resort Pty Ltd
95.	Training Consultant and SD College
96.	Triton Express (Pty) Ltd
97.	Twin Mark Strategy and Management Consultants (Pty) Ltd
98.	Ukwakhile Projects Pty Ltd
99.	UNLOCK INNOVATIONS (PTY) LTD
100.	Varsity Institute of Science & Technology (Pty)Ltd
101.	Vhonisani Training Academy & Projects
102.	VISHAL JUNKEEPARSAD AND COMPANY INC
103.	VSL General Trading CC
104.	VSS College (Pty) LTD
105.	Whitestone College
106.	Yes We Can Consulting Pty Ltd
107.	ZA WIT (PTY) LTD