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  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:
  • 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  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. ACT SKILLS DEVELOPMENT 
    4. ADVANCED RISK SOLUTIONS 10000 (PTY) LTD 
    5. AFRIC POLICING INSTITUTE 
    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. BITLINE SA 368 CC 
    18. BOKAMOSO INSTITUTE OF SOUTH AFRICA 
    19. Bolton Business College & Computer Studies 
    20. Bumbene Safety Consultants (Pty) Ltd 
    21. Buscor 
    22. CAMBLISH TRAINING INSTITUTE PTY LTD 
    23. CENTRE FOR COMMUNITY JUSTICE AND DEVELOPMENT 
    24. Centre for Logistics Excellence Pty Ltd 
    25. Climamark (PTY) Ltd 
    26. Comfortable Tech 
    27. CRANE INTERNATIONAL ACADEMY DURBAN 
    28. CRANE INTERNATIONAL ACADEMY MIDDLEBURG 
    29. CRANE INTERNATIONAL BURGERSFORT 
    30. CRANE SKILLS TRAINING ACDEMY INTERNATIONAL 
    31. CTU Training Solutions 
    32. DIONYSUS SKILLS DEVELOPMENT INITIATIVE PTY LTD 
    33. Diversity technology Training Institute 
    34. DOBSONVILLE HUMAN RIGHTS CENTRE 
    35. Drive Smart Training Academy 
    36. Dynamic Institute of Training S.A 
    37. Eastcape Training Centre 
    38. ELASON PRO-ACTIVE SECURITY (PTY) LTD 
    39. ENGIE SECURITY SERVICES TRAINING AND DEVELOPMENT CENTRE PTY LTD 
    40. Exodec 388 CC 
    41. Falcon Business Institute (Pty) Ltd 
    42. FILM Mentorship & Training 
    43. Footprint Media academy Pty ltd 
    44. FUMANI HOLDINGS PTY LTD 
    45. Gerotek Test Facilities 
    46. Global Safety Training & Skills Dev Standards 
    47. GOBELA CONSULTING 
    48. Golden Arrow Bus Services_pty Ltd 
    49. GREENRIM TRAINING PTY LTD 
    50. He and She Driver Training Centre 
    51. Heslop Brothers (Pty) Ltd 
    52. HJN POLOKWANE BRANCH PTY LTD 
    53. IALE School of Advanced Learning and Education (Pty) Ltd 
    54. Ikaheng HR Solutions Pty Ltd 
    55. Ikhwezi Training Institute (Pty) Ltd 
    56. Ikusasa Lethu Projects and Training (Pty) Ltd 
    57. IMPERIAL CROWN TRADING 490 PTY LTD 
    58. INFINITUS TRAINING SOLUTION PTY LTD 
    59. Inkqubela Consultants 
    60. INSTITUTE FOR PROFESSIONAL LEGAL TRAINING 
    61. Institute of Business Management 
    62. Jeppe College of Commerce and Computer Studies 
    63. Kahisano Skills Development and Training 
    64. KZN Taxi and Commuter Corporation NPC 
    65. Learncore 
    66. Learncorp 
    67. Little Treehouse Holdings (PTY) Ltd 
    68. Lwaze Lwanda General Traders CC 
    69. Madibeng Edu Centre and Suppliers Pty Ltd 
    70. Madidi Supply Chain Institute and Business Institute 
    71. Makwedeng Training 
    72. MANDULO FOUNDATION 
    73. MAS SAFE SECURITY CC 
    74. MIDRAND TRAINING ACADEMY PTY LTD 
    75. MPHAFA TRAINING PROVIDERS (PTY) LTD 
    76. MY KIDS EMPIRE INVESTMENTS AND PROJECTS 
    77. Ndikho Ndinani Protection (Pty) Ltd 
    78. NEMISA 
    79. NOSA LOGISTICS PTY LTD 
    80. Ntalo Training & Consulting Services 
    81. Ntsoaki Driving School 
    82. Oakfields College 
    83. Oakfields College (Head Office) 
    84. OXY TRADING 735 CC 
    85. PHALAPHALA MANAGEMENT CONSULTING CC 
    86. Phephani Learnerships cc 
    87. Precision skills development and training 
    88. PUTCO Pty Ltd 
    89. Quantum Leap College Pty Ltd 
    90. QUBELISA MTIYA SKILLS DEVELOPMENT ACADEMY (PTY) LTD 
    91. RAMAZWI SECURITY SERVICES CC 
    92. RAND INTERNATIONAL MANAGEMENT AND TRAINING CONSULTANTS PTY LTD 
    93. Royal Impression Academy 
    94. SA LAW SCHOOL DURBAN 
    95. SA PROTECTION AND SECURITY UNIT (PTY) LTD 
    96. Safe and Eco Driving Pty Ltd 
    97. SAKHISISIZWE PROJECTS 
    98. SC Training and Consulting 
    99. Sediba Sabasadi Skills Training Academy (Pty) Ltd 
    100. SIYANIVIKELA SECURITY SERVICES 
    101. SNAP SOLUTIONS NETWX PTY LTD 
    102. South African Film Institute 
    103. South African Transport Centre of Excellence 
    104. Southern Seas Institute CC 
    105. SPINA Consultancy cc Cape Town 
    106. SVA Training 
    107. THABO Training and Services 
    108. The Institute of Paralegal Practice Development and Research 
    109. The Skills Authority 
    110. Training Consultant and SD College 
    111. Triton Express Pty Ltd 
    112. UKHIYE CONSULTING 
    113. UKWAKHILE TRAINING 
    114. VISHAL JUNKEEPARSAD AND COMPANY INC 
    115. Visual Skills School (Pty) Ltd 
    116. W Z EVENTS AND PROJECTS MANAGEMENT 
    117. XULU-MAKHATHINI CONSULTANT 


    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.