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: |
Finance a new venture |
SAQA US ID | UNIT STANDARD TITLE | |||
114584 | Finance a new venture | |||
ORIGINATOR | ||||
SGB Generic Management | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | ||||
- | ||||
FIELD | SUBFIELD | |||
Field 03 - Business, Commerce and Management Studies | Generic Management | |||
ABET BAND | UNIT STANDARD TYPE | PRE-2009 NQF LEVEL | NQF LEVEL | CREDITS |
Undefined | Regular-Fundamental | Level 4 | NQF Level 04 | 5 |
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 intended for learners who need to make decisions and recommendations about financing options for a new venture.
The qualifying learner will be able to: |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
Learners accessing this qualification should be competent in Computer Literacy, mathematical Literacy and Communication at NQF Level 4 or equivalent. |
UNIT STANDARD RANGE |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Determine the capital requirements of the new venture. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Funding requirements and capital structure are identified and analysed for the new venture. |
ASSESSMENT CRITERION 2 |
Realistic fixed asset requirements are determined for the new venture. |
ASSESSMENT CRITERION 3 |
Pre-operating costs are identified and calculated to an exact value. |
ASSESSMENT CRITERION 4 |
Monthly operating costs - including a cash flow statement - are compiled for the new venture. |
ASSESSMENT CRITERION 5 |
The financial viability of the proposed new venture is assessed and estimation made of the break-even point. |
SPECIFIC OUTCOME 2 |
Identify and compare funding options and services offered by the finance industry for new ventures. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
An extensive list of financial institutions offering funding for new ventures is compiled with a view to selecting the one best suited to the particular venture. |
ASSESSMENT CRITERION 2 |
The various funding packages (products) appropriate for a new venture are investigated and compared in terms of own venture needs. |
ASSESSMENT CRITERION 3 |
The cost of the various funding options is compared to determine suitability for own venture's business structure. |
ASSESSMENT CRITERION 4 |
Short-term and long-term advantages and disadvantages of the various funding options are considered and discussed in context of own business and a decision made as to the most suitable. |
SPECIFIC OUTCOME 3 |
Compile personal income and expenditure and assets and liabilities statements. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Personal income and expenditure statements are prepared for oneself based on own financial situation over the past year. |
ASSESSMENT CRITERION 2 |
The situations when an assets and liabilities statement is required are listed and an indication is given of the advantages of keeping such records. |
SPECIFIC OUTCOME 4 |
Identify the requirements and processes to obtain the selected financing option for the new venture. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Collateral requirements for accessing funding are identified to determine if they can be met. |
ASSESSMENT CRITERION 2 |
The new venture proposals are assessed in terms of available collateral. |
ASSESSMENT CRITERION 3 |
The information and back-up documentation needed to process application for funding is collected and used to complete the application. |
ASSESSMENT CRITERION 4 |
A financing option is chosen that is consistent with the business plan in terms of profit objectives and return on capital. |
ASSESSMENT CRITERION 5 |
Laws, regulations, rules and procedures covering the provision and use of financial services are observed to ensure compliance. |
SPECIFIC OUTCOME 5 |
Identify alternative sources to secure finance for a new venture. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
The difference between debt (loans) and equity (owner's capital) is explained with reference to the new venture. |
ASSESSMENT CRITERION 2 |
Problems faced in obtaining finance for the new venture are identified with a view to overcoming them. |
ASSESSMENT CRITERION 3 |
Alternative sources of equity are investigated for the new venture. |
ASSESSMENT CRITERION 4 |
Government and non-governmental schemes for new venture creation are investigated and analysed and an explanation given of their advantages and disadvantages for the new venture. |
ASSESSMENT CRITERION 5 |
The option of leasing as a method of reducing start-up capital is considered for own venture. |
ASSESSMENT CRITERION 6 |
The repayments and interest rates of the alternative options are considered and compared to those of the financial institutions to make informed decisions. |
UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE |
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 WORKING |
Work effectively with others as a member of a team, group, organisation or community. |
UNIT STANDARD CCFO ORGANISING |
Organise oneself and one's activities by carefully considering the advantages and disadvantages of capital funding options for a new venture. |
UNIT STANDARD CCFO COLLECTING |
Collect, analyse, organise and critically evaluate information in order to make informed financial decisions with clear understanding of the implications. |
UNIT STANDARD CCFO COMMUNICATING |
Communicate effectively using visual, mathematical and/or language skills in the modes of oral and/or written presentation. |
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 | 66249 | Further Education and Training Certificate: New Venture Creation | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | SERVICES |
Core | 23953 | Further Education and Training Certificate: New Venture Creation (SMME) | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2009-05-13 | Was SERVICES until Last Date for Achievement |
Core | 20884 | National Certificate: New Venture Creation (SMME) | Level 4 | NQF Level 04 | Passed the End Date - Status was "Registered" |
2005-04-10 | |
Elective | 66349 | Further Education and Training Certificate: General Forestry | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2015-06-30 | FPMSETA |
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 | 65050 | National Certificate: Music | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | CATHSSETA |
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. | AFRICAN MULTISKILLS DEVELOPMENT AND TRAINING |
2. | BLC Entertainment |
3. | Epitome Villa (Pty)Ltd |
4. | EYETHU NATIONAL COMPUTER COLLEGE PTY LTD |
5. | FILM Mentorship & Training SA |
6. | Frayintermedia Cc |
7. | Legal Environment Safety & Health Requirements cc |
8. | Longata Consultant |
9. | MBOWA COLLEGE PTY LTD |
10. | Media Village Training |
11. | OL Afrika Media |
12. | OPELONG BUSINESS INSTITUTE (PT |
13. | Peo Entle HIV Wellness Management and Youth Skills Development NPO |
14. | PRX SCHOOL TEST |
15. | Richfield Graduate Institute of Technology Pty Ltd |
16. | SOUTH AFRICAN CORPORATE TRAINING ASSOCIATION (PTY) LTD |
17. | TAMASA TRAINING PTY LTD |
18. | VCK TRAINING AND TECHNICAL SERVICES PTY LTD |
19. | VEB CELE & ASSOCIATES PTY LTD |
20. | VPK BUSINESS VENTURE C C |
21. | VUTHLARI MARKETING CONSULTING |
22. | 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. |