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  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. Andebe Group 
    11. Artshub Institute 
    12. Athenam Consulting Pty Ltd 
    13. ATTI (Advanced Technonogy Training Institute) 
    14. ATTI Nelspruit Pty Ltd 
    15. Aviwe Business Development and 
    16. Bakubung Driver Training and consultants CC 
    17. BATES COLLEGE OF TECHNOLOGY (PTY) LTD 
    18. BDCE (Pty) Ltd 
    19. Big Fish 
    20. Big J Training Academy 
    21. BITLINE SA 368 CC 
    22. BLC Entertainment 
    23. Blue Crane Skills Development 
    24. BOKAMOSO INSTITUTE OF SOUTH AFRICA 
    25. Bolton Business College & Computer Studies 
    26. BROOKLYN CITY COLLEGE (PTY) LTD - PRETORIA 
    27. Bumbene Safety Consultants (Pty) Ltd 
    28. Buscor 
    29. Camblish Training Institute 
    30. CC PROTECTION AND INVESTIGATION SERVICE PTY LTD 
    31. Centre for Logistics Excellence (Pty) Ltd 
    32. Chithi Holdings 
    33. COLLINS SEBOLA FINANCIAL SERVICES (PTY) 
    34. Comfortable Tech 
    35. CREATIVE ARTS COLLEGE 
    36. CTU Training Solutions 
    37. Damelin Correspondence College 
    38. Department Of Justice (head Office) 
    39. Digital Media Arts College 
    40. Dionysus Skills Development Initiative 
    41. DOBSONVILLE HUMAN RIGHTS CENTRE 
    42. Dynamic Institute of Training S.A 
    43. E E L PROTECTION SERVICES 
    44. Edge Training Consultancy 
    45. Ekurhuleni East College For TVET 
    46. EKURHULENI EAST TVET COLLEGE 
    47. EKURHULENI WEST TVET COLLEGE 
    48. ELASON PRO-ACTIVE SECURITY (PTY) LTD 
    49. ENGIE SECURITY SERVICES TRAINING AND DEVELOPMENT CENTRE PTY LTD 
    50. Epitome Villa (Pty)Ltd 
    51. Exodec 388 CC 
    52. EYETHU NATIONAL COMPUTER COLLEGE PTY LTD 
    53. Falcon Business Institute (Pty) Ltd 
    54. FILM Mentorship & Training SA 
    55. Footprint Media academy Pty ltd 
    56. Frayintermedia Cc 
    57. FUMANI HOLDINGS PTY LTD 
    58. Global Star Trading (Pty) Ltd 
    59. Gold Class Group 
    60. Golden Arrow Bus Services_pty Ltd 
    61. GOLDFIELDS TVET COLLEGE 
    62. GREEN MARKET SQUARE T/A SA LAW SCHOOL PRETORIA 
    63. GREENRIM TRAINING PTY LTD 
    64. Greenview Training and Development Skills Centre 
    65. He and She Driver Training Centre 
    66. Heartlines College 
    67. HILLCROSS BUSINESS COLLEGEPTY LTD 
    68. HILLCROSS BUSINESS SCHOOL (PTY 
    69. HJN POLOKWANE BRANCH PTY LTD 
    70. HJN PROTORIA BRANCH 02 
    71. HJN TRAINING CC 
    72. Ikaheng HR Services Pty Ltd 
    73. Ikhwezi Training Institute (Pty) Ltd 
    74. Imperial Crown Trading 490 
    75. INFINITUS TRAINING SOLUTION 
    76. Inkqubela Consultants 
    77. Innovative Shared Services 
    78. INSTITUTE FOR PROFESSIONAL LEGAL TRAINING 
    79. Interlink Technical Training 
    80. IT Labs Consulting 
    81. Iyahluma investment (PTY) LTD 
    82. Jeppe College of Commerce and 
    83. Johannesburg Institute of Engi 
    84. Kundani Trading 
    85. KZN Taxi and Commuter Corporation NPC 
    86. Learncorp 
    87. Little Treehouse Holdings (PTY) Ltd 
    88. Lwaze Lwanda General Traders CC 
    89. LWAZI ACADEMY OF LEARNING 
    90. MadibengGeneral Suppliers 
    91. Madidi Supply Chain Institute & Business Institute 
    92. Makwedeng Training 
    93. MALUTI TVET COLLEGE KWETUSONG CAMPUS 
    94. MANDULO FOUNDATION 
    95. MAS SAFE SECURITY CC 
    96. MBOWA COLLEGE PTY LTD 
    97. Media Village Training 
    98. MIDRAND TRAINING ACADEMY PTY LTD 
    99. Mmanape Private Technical Coll 
    100. Mnce Trading cc 
    101. MONTANA KONSTRUKSIE 
    102. Movietech Film and Television College 
    103. Musengavhadzimu Media 
    104. N MAHARAJ ATTORNEYS 
    105. Ndikho Ndinani Protection (Pty) Ltd 
    106. NKANGALA TVET COLLEGE 
    107. NOSA LOGISTICS PTY LTD 
    108. Ntsoaki Driving School 
    109. Nwasamu Trading & Projects 
    110. OL Afrika Media 
    111. OPELONG BUSINESS INSTITUTE (PT 
    112. ORBIT TVET COLLEGE 
    113. Oupa Moshebi & Associates 
    114. OXY TRADING 735 CC 
    115. Pal Passenger Bus Services 
    116. Peo Entle HIV Wellness Management and Youth Skills Development NPO 
    117. Phephani Learnerships cc 
    118. Posh Multimedia 
    119. Pracical Audio Solution 
    120. Precision skills development and training 
    121. Pretoria Technical College 
    122. PRX SCHOOL TEST 
    123. PUTCO Limited 
    124. PUTCO Pty Ltd 
    125. Quantum Leap College Pty Ltd 
    126. RAMAZWI SECURITY SERVICES CC 
    127. Rand International Management and Training Consultants 
    128. Rand Training College 
    129. Redefined Skills Training & Development (Pty) Ltd 
    130. REVOLT GROUP TRADING( PTY) LTD 
    131. RI A LINDA SECURITY SOLUTIONS 
    132. Richfield Graduate Institute of Technology Pty Ltd 
    133. Royal Impression Academy 
    134. SA College of Technology (PTY) 
    135. SA PROTECTION AND SECURITY UNIT (PTY) LTD 
    136. Safe and Eco Driving Pty Ltd 
    137. Sakhisisizwe Projects 
    138. SC Training 
    139. Sediba Sabasadi Skills Training Academy (Pty) Ltd 
    140. Segaole Driving School 
    141. SHAMARIAH SECURITY AND TRAINING 
    142. SIYANIVIKELA SECURITY SERVICES 
    143. SNAP SOLUTIONS NETWX PTY LTD 
    144. South African Business and Tec 
    145. SOUTH AFRICAN CORPORATE TRAINI 
    146. SOUTH AFRICAN LAW SCHOOL 
    147. SOUTH AFRICAN LAW SCHOOL RANDBURG 
    148. South African Transport Centre of Excellence 
    149. SPINA Consultancy cc Cape Town 
    150. Success Skills Development and Training Pty Ltd 
    151. SVA Training 
    152. TAG 443 
    153. TBL Empowerment Hub 
    154. THABO Training and Services 
    155. The Camera Academy 
    156. The Institute of Paralegal Practice Development and Research 
    157. The Skills Authority 
    158. THE SKILLS COLLEGE FOR DEVELOPMENT AND TRAINING(PTY) LTD 
    159. The Skills Development Corporation Private 
    160. Thobologo Training and Education Group 
    161. Thubelihle Graduate Institute 
    162. Thwala Training Services (Pty) Ltd 
    163. Together Lifestyle Resort Pty Ltd 
    164. Training Consultant and SD College 
    165. Triton Express (Pty) Ltd 
    166. Triton Express Pty Ltd 
    167. Tshwane South Public FET College - Central Office 
    168. Tshwane South Public FET College - Pretoria West Campus 
    169. TSHWANE SOUTH TVET COLLEGE ATTERIDGEVILLE CAMPURS 
    170. TSHWANE SOUTH TVET COLLEGE ODI CAMPUS 
    171. TSHWANE SOUTH TVET COLLEGE PRETORIA WEST CAMPUS 
    172. TSP COLLEGE 
    173. Twin Mark Strategy and Management Consultants (Pty) Ltd 
    174. Ukhiye Consulting 
    175. Ukwakhile Training 
    176. UNLOCK INNOVATIONS (PTY) LTD 
    177. Uzoyithola Training and Consulting 
    178. Varsity Institute of Science & Technology (Pty)Ltd 
    179. Vhonisani Training Academy & Projects 
    180. VSS College (Pty) LTD 
    181. VUTHLARI MARKETING CONSULTING 
    182. Whitestone College 
    183. WZ Events and Projects Management Umtata 
    184. XULU-MAKHATHINI CONSULTANT 
    185. Yes We Can Consulting Pty Ltd 
    186. Youth Media Movement 
    187. 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.