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  2023-07-30  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  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  Reregistered  2023-06-30  MICTS 
    Elective  67461   Further Education and Training Certificate: Event Support  Level 4  NQF Level 04  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  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  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  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  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. 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. Afric Training Centre and Security Studies PTY LTD 
    7. Akane Training Academy 
    8. Algoa Bus Company 
    9. All-in-one Driving Academy 
    10. Allen & Overy South Africa LLP Incorporated in England and Wales 
    11. AMA Training Skills Devleopment Centre 
    12. AMODA LEGAL CONSULTING 
    13. Andebe Training and Skills Development 
    14. ARKE LEGAL ADVISORS 
    15. Artshub Institute 
    16. ATTI (Advanced Technonogy Training Institute) 
    17. ATTI Nelspruit Pty Ltd 
    18. Aviwe Business Development and 
    19. Bakubung Driver Training and consultants CC 
    20. BDCE (Pty) Ltd 
    21. Big Fish 
    22. Big J Training Academy 
    23. BITLINE SA 368 CC 
    24. BLC Entertainment 
    25. Blu Transfuxion Solutions (Pty) Ltd 
    26. Blue Crane Skills Development 
    27. BOKAMOSO INSTITUTE OF SOUTH AFRICA 
    28. Bolton Business College & Computer Studies 
    29. BOTJHABATSATSI TRAINING AND CONSULTING (Pty) Ltd 
    30. Broad Market Academy 
    31. BROOKLYN CITY COLLEGE (PTY) LTD - PRETORIA 
    32. Bumbene Safety Consultants (Pty) Ltd 
    33. Buscor 
    34. Camblish Training Institute 
    35. Camblish Training Institute Pty Ltd 
    36. CC PROTECTION AND INVESTIGATION SERVICE PTY LTD 
    37. CENTRE FOR COMMUNITY JUSTICE AND DEVELOPMENT 
    38. Centre for Logistics Excellence (Pty) Ltd 
    39. Chithi Holdings 
    40. Clearline Consulting Pty Ltd t/a LogTrain 
    41. Climamark (PTY) Ltd 
    42. COLLINS SEBOLA FINANCIAL SERVICES (PTY) 
    43. Comfortable Tech 
    44. COMMUNIYY LAW AND RURAL DEVELOPMENT CENTRE 
    45. CRANE INTERNATIONAL ACADEMY DURBAN 
    46. CRANE INTERNATIONAL ACADEMY MIDDLEBURG 
    47. CRANE INTERNATIONAL BURGERSFORT 
    48. CRANE SKILLS TRAINING ACDEMY INTERNATIONAL 
    49. CREATIVE ARTS COLLEGE 
    50. CTU Training Solutions 
    51. Damelin Correspondence College 
    52. Department Of Justice (head Office) 
    53. Digital Media Arts College 
    54. Dionysus Skills Development Initiative 
    55. Diversity technology Training Institute 
    56. Dynamic Institute of Training S.A 
    57. E E L PROTECTION SERVICES 
    58. Edge Training Consultancy 
    59. Ekurhuleni East College For TVET 
    60. EKURHULENI EAST TVET COLLEGE 
    61. EKURHULENI WEST TVET COLLEGE 
    62. ELASON PRO-ACTIVE SECURITY (PTY) LTD 
    63. ENGIE SECURITY SERVICES TRAINING AND DEVELOPMENT CENTRE PTY LTD 
    64. Epitome Villa (Pty)Ltd 
    65. Exodec 388 CC 
    66. EYETHU NATIONAL COMPUTER COLLEGE PTY LTD 
    67. Falcon Business Institute (Pty) Ltd 
    68. FILM Mentorship & Training SA 
    69. Footprint Media academy Pty ltd 
    70. Frayintermedia Cc 
    71. FUMANI HOLDINGS PTY LTD 
    72. Gauteng City College 
    73. Global Star Trading (Pty) Ltd 
    74. GOBELA CONSULTING 
    75. Gold Class Group 
    76. Golden Arrow Bus Services_pty Ltd 
    77. GOLDFIELDS TVET COLLEGE 
    78. GREEN MARKET SQUARE T/A SA LAW SCHOOL PRETORIA 
    79. GREENRIM TRAINING PTY LTD 
    80. Greenview Training and Development Skills Centre 
    81. He and She Driver Training Centre 
    82. Heartlines College 
    83. Heslop Brothers (Pty) Ltd 
    84. HILLCROSS BUSINESS COLLEGEPTY LTD 
    85. HILLCROSS BUSINESS SCHOOL (PTY 
    86. HJN POLOKWANE BRANCH PTY LTD 
    87. HJN PROTORIA BRANCH 02 
    88. HJN TRAINING CC 
    89. HOPE TECHNOLOGY INSTITUTE (PTY) LTD 
    90. Ikaheng HR Services Pty Ltd 
    91. Ikhwezi Training Institute (Pty) Ltd 
    92. Ikusasa Lethu Projects and Training (Pty) Ltd 
    93. IMPERIAL CROWN TRADING 490 PTY LTD 
    94. INFINITUS TRAINING SOLUTION 
    95. Inkqubela Consultants 
    96. Innovative Shared Services 
    97. INSTITUTE FOR PROFESSIONAL LEGAL TRAINING 
    98. Institute for the Advancement 
    99. Institute of Business Management 
    100. Interlink Technical Training 
    101. IT Labs Consulting 
    102. Iyahluma investment (PTY) LTD 
    103. Jeppe College of Commerce and 
    104. Johannesburg Institute of Engi 
    105. Kahisano Skills Development and Training 
    106. Kundani Trading 
    107. KZN Taxi and Commuter Corporation NPC 
    108. Learncorp 
    109. Little Treehouse Holdings (PTY) Ltd 
    110. LUCENT EDUCATION PTY LTD 
    111. Lwaze Lwanda General Traders CC 
    112. LWAZI ACADEMY OF LEARNING 
    113. MadibengGeneral Suppliers 
    114. Madidi Supply Chain Institute & Business Institute 
    115. Makwedeng Training 
    116. Malaikas Education & Resourcing Consultants 
    117. MALUTI TVET COLLEGE KWETUSONG CAMPUS 
    118. MANDULO FOUNDATION 
    119. MAS SAFE SECURITY CC 
    120. MBOWA COLLEGE PTY LTD 
    121. Media Village Training 
    122. MIDRAND TRAINING ACADEMY PTY LTD 
    123. Mmanape Private Technical Coll 
    124. MONTANA KONSTRUKSIE 
    125. Movietech Film and Television College 
    126. Musengavhadzimu Media 
    127. MY KIDS EMPIRE INVESTMENTS AND PROJECTS 
    128. Ndikho Ndinani Protection (Pty) Ltd 
    129. New Business Solution Cosulting and Training Services 
    130. NKANGALA TVET COLLEGE 
    131. NOSA LOGISTICS PTY LTD 
    132. Ntalo Training & Consulting Services 
    133. Ntsoaki Driving School 
    134. Nwasamu Trading & Projects 
    135. OL Afrika Media 
    136. OPELONG BUSINESS INSTITUTE (PT 
    137. Open Window (Pty) Ltd 
    138. ORBIT TVET COLLEGE 
    139. Oupa Moshebi & Associates 
    140. OXY TRADING 735 CC 
    141. Pal Passenger Bus Services 
    142. Peo Entle HIV Wellness Management and Youth Skills Development NPO 
    143. PHALAPHALA MANAGEMENT CONSULTING CC 
    144. Phephani Learnerships cc 
    145. Posh Multimedia 
    146. Pracical Audio Solution 
    147. Precision skills development and training 
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    149. PRX SCHOOL TEST 
    150. PUTCO Limited 
    151. PUTCO Pty Ltd 
    152. Quantum Leap College Pty Ltd 
    153. QUBELISA MTIYA SKILLS DEVELOPMENT ACADEMY (PTY) LTD 
    154. RAMAZWI SECURITY SERVICES CC 
    155. Rand International Management and Training Consultants 
    156. Rand Training College 
    157. REVOLT GROUP TRADING( PTY) LTD 
    158. RI A LINDA SECURITY SOLUTIONS 
    159. Richfield Graduate Institute of Technology Pty Ltd 
    160. Royal Impression Academy 
    161. SA College of Technology (PTY) 
    162. SA PROTECTION AND SECURITY UNIT (PTY) LTD 
    163. Safe and Eco Driving Pty Ltd 
    164. Sakhisisizwe Projects 
    165. Sediba Sabasadi Skills Training Academy (Pty) Ltd 
    166. Segaole Driving School 
    167. SHAMARIAH SECURITY AND TRAINING 
    168. SIYANIVIKELA SECURITY SERVICES 
    169. SNAP SOLUTIONS NETWX PTY LTD 
    170. South African Business and Tec 
    171. SOUTH AFRICAN CORPORATE TRAINI 
    172. SOUTH AFRICAN LAW SCHOOL 
    173. SOUTH AFRICAN LAW SCHOOL RANDBURG 
    174. South African Transport Centre of Excellence 
    175. Southern Africa Youth Project 
    176. Southern Seas Institute CC 
    177. SPINA Consultancy cc Cape Town 
    178. Success Skills Development and Training Pty Ltd 
    179. SVA Training 
    180. TAG 443 
    181. TBL Empowerment Hub 
    182. THABO Training and Services 
    183. The Camera Academy 
    184. The Institute of Paralegal Practice Development and Research 
    185. The Media Workshop 
    186. The Skills Authority 
    187. THE SKILLS COLLEGE FOR DEVELOPMENT AND TRAINING(PTY) LTD 
    188. The Skills Development Corporation Private 
    189. Thobologo Training and Education Group 
    190. Thubelihle Graduate Institute 
    191. Thwala Training Services (Pty) Ltd 
    192. Together Lifestyle Resort Pty Ltd 
    193. Training Consultant and SD College 
    194. Training for Results (Pty) Ltd 
    195. Triton Express (Pty) Ltd 
    196. Triton Express Pty Ltd 
    197. Tshwane South Public FET College - Central Office 
    198. Tshwane South Public FET College - Pretoria West Campus 
    199. TSHWANE SOUTH TVET COLLEGE ATTERIDGEVILLE CAMPURS 
    200. TSHWANE SOUTH TVET COLLEGE ODI CAMPUS 
    201. TSHWANE SOUTH TVET COLLEGE PRETORIA WEST CAMPUS 
    202. TSP COLLEGE 
    203. Twin Mark Strategy and Management Consultants (Pty) Ltd 
    204. Ukhiye Consulting 
    205. Ukwakhile Training 
    206. UNLOCK INNOVATIONS (PTY) LTD 
    207. Uzoyithola Training and Consulting 
    208. Varsity Institute of Science & Technology (Pty)Ltd 
    209. Vhonisani Training Academy & Projects 
    210. VISHAL JUNKEEPARSAD AND COMPANY INC 
    211. VSL General Trading CC 
    212. VSS College (Pty) LTD 
    213. VUTHLARI MARKETING CONSULTING 
    214. Whitestone College 
    215. WZ Events and Projects Management Umtata 
    216. XULU-MAKHATHINI CONSULTANT 
    217. Yes We Can Consulting Pty Ltd 
    218. Youth Media Movement 
    219. ZA WIT (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.