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: 

Manage finance in a small business 
SAQA US ID UNIT STANDARD TITLE
117500  Manage finance in a small business 
ORIGINATOR
SGB Administration 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Office Administration 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular-Fundamental  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 
A person credited with this Unit Standard is able to demonstrate an understanding of entrepreneurial finance; South African legislation related to company finance; sources of finance, and financial supervision related both to start-up and operational finance.

In particular, on completion of this Unit Standard, the learner is able to:
  • Apply for finance and negotiate terms of any loan.
  • Understand how various pieces of legislation affect the finances of a company operating in South Africa.
  • Perform costing and a break-even analysis.
  • Supervise Debtor and Creditor control.
  • Ensure that accurate financial record keeping takes place.
  • Oversee the cash flow of an organisation. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners should be competent in:
  • Communication at NQF Level 4.
  • Mathematical Literacy at NQF Level 4. 

  • UNIT STANDARD RANGE 
    Although the learner will gain knowledge of various forms of capital injection he/she will not be expected to act as an expert in any of these methods, based solely on the achievement of this Unit Standard. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Raise financial support externally. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Sources of funds are identified and contacted in order to compile a list of potential financiers, their requirements and possible capital injection values. 

    ASSESSMENT CRITERION 2 
    The most suitable source of funds is followed up and any required collateral is assessed and offered against funding. 

    ASSESSMENT CRITERION 3 
    Application for the loan or funding is compiled and submitted together with a business plan and any other required documentation. 

    ASSESSMENT CRITERION 4 
    Repayments including any interest are determined, matched to the budget in the business plan; and if feasible the agreement is entered into. 

    SPECIFIC OUTCOME 2 
    Calculate the break-even budget. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Fixed and variable costs are assessed, based on the business plan. 

    ASSESSMENT CRITERION 2 
    The contribution margin ratio is determined per unit of product/service offered. 

    ASSESSMENT CRITERION 3 
    Trading expenses per a revised business plan are included in order to produce a budget of all anticipated costs and expenses. 

    ASSESSMENT CRITERION 4 
    Break-even point is established in terms of rands and units of required sales per period to meet this total budget. 

    SPECIFIC OUTCOME 3 
    Assess the impact of tax and other statutory expenses. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The impact of company tax is determined in accordance with the type of business ownership constructed. 

    ASSESSMENT CRITERION 2 
    Value Added Tax is managed in accordance with statutory requirements. 

    ASSESSMENT CRITERION 3 
    All monthly statutory returns are timeously completed and remitted with the appropriate payment. 

    ASSESSMENT CRITERION 4 
    Taxes and other statutory payments are estimated and included in the budget. 

    SPECIFIC OUTCOME 4 
    Supervise financial record keeping and cash flow. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Source documents of all income, expense and balance sheet items are appropriately filed and stored. 

    ASSESSMENT CRITERION 2 
    Data is captured on the accounting system in use, in order for the appropriate reports to be compiled. 

    ASSESSMENT CRITERION 3 
    Debtors and creditors are controlled in order to keep the cash flow in a positive or acceptable position. 

    ASSESSMENT CRITERION 4 
    Overdraft facilities are negotiated with a financial institution. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed against this Unit Standard (including through RPL) may apply to an assessment agency, assessor or provider institution accredited by the relevant Education and Training Quality Assurance body (ETQA), or one with an appropriate memorandum of understanding (MOU) with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA, or one with an appropriate MOU 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 one with an appropriate MOU with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA, or one with an appropriate MOU with the relevant ETQA. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The knowledge underpinning the above specific outcomes is:
  • The process of applying for financing.
  • Negotiation skills.
  • The ability to calculate costs in total and per unit of product or service offered.
  • Break-even calculation and analysis.
  • An employer's knowledge of company tax and Value Added Tax and statutory commitments such as Pay As You Earn, the Unemployment Insurance Fund, RSC Levies, Skills Development Levies and Workmen's Compensation.
  • An overview of Debtors and Creditors control. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Problem identification and solution in creative ways when supervising record keeping. 

    UNIT STANDARD CCFO ORGANISING 
    Organising and managing self within the context of organisational transformation. 

    UNIT STANDARD CCFO COLLECTING 
    Critically collecting, evaluating and analysing information when determining which the best source of external financing is. 

    UNIT STANDARD CCFO SCIENCE 
    Appropriate use of information technology equipment and systems when keeping financial records. 

    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
    Elective  50285   National Certificate: Professional Driving  Level 3  NQF Level 03  Reregistered  2023-06-30  TETA 
    Elective  49129   Further Education and Training Certificate (FETC): Management and Administration  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 
    Elective  63669   Further Education and Training Certificate: Fitness  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  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  60652   Professional Qualification: Management and Administration  Level 4  Level TBA: Pre-2009 was L4  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 


    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. 123 Mulani Investment 
    2. 4 The Future Training and Development Consultancy 
    3. ACT SKILLS DEVELOPMENT 
    4. Africa Training Centre 
    5. Akane Training Academy 
    6. Algoa Bus Company 
    7. All-in-one Driving Academy 
    8. AMA Training Skills Devleopment Centre 
    9. Artshub Institute 
    10. Aviwe Business Development and 
    11. Bakubung Driver Training and consultants CC 
    12. BCM FET college (pty) Ltd 
    13. BDCE (Pty) Ltd 
    14. Bev Short Training Consultants 
    15. Big Fish 
    16. Big J Training Academy 
    17. BLC Entertainment 
    18. Blu Transfuxion Solutions (Pty) Ltd 
    19. Bolton Business College & Computer Studies 
    20. Broad Market Academy 
    21. Bumbene Safety Consultants (Pty) Ltd 
    22. Buscor 
    23. Centre for Logistics Excellence (Pty) Ltd 
    24. CHAMDOR DRIVER TRAINING CC 
    25. Climamark (PTY) Ltd 
    26. Comfortable Tech 
    27. CREATIVE ARTS COLLEGE 
    28. Dee's Training (PTY) LTD 
    29. Dees Driver Training Centre 
    30. Digital Media Arts College 
    31. Dionysus Skills Development Initiative 
    32. Dynamic Institute of Training S.A 
    33. Edge Training Consultancy 
    34. EDU - FLEET 
    35. Epitome Villa (Pty)Ltd 
    36. ESS Holdings (PTY) Ltd 
    37. Evaflex 
    38. Excellect 209 (PTY) LTD 
    39. Excellect 209 PTY LTD 
    40. EYETHU NATIONAL COMPUTER COLLEGE PTY LTD 
    41. FILM Mentorship & Training SA 
    42. Footprint Media academy Pty ltd 
    43. Frayintermedia Cc 
    44. Garden City Trading (Pty) Ltd 
    45. Global Star Trading (Pty) Ltd 
    46. Gold Class Group 
    47. Golden Arrow Bus Services_pty Ltd 
    48. GREENRIM TRAINING PTY LTD 
    49. Greenview Training and Development Skills Centre 
    50. He and She Driver Training Centre 
    51. Heslop Brothers (Pty) Ltd 
    52. Ikaheng HR Services Pty Ltd 
    53. Imperial Logistics Group t/a Dedicated Contracts 
    54. Inkqubela Consultants 
    55. Innovative Shared Services 
    56. Institute for the Advancement 
    57. Interlink Technical Training 
    58. IT Labs Consulting 
    59. Iyahluma investment (PTY) LTD 
    60. Iyanda Holdings(Pty) Ltd 
    61. Johannesburg Institute of Engi 
    62. Kahisano Skills Development and Training 
    63. KDS Centre for Skills Development and Training Pty Ltd 
    64. Kitta Transport Training Academy 
    65. KZN Taxi and Commuter Corporation NPC 
    66. Learncorp 
    67. Lwaze Lwanda General Traders CC 
    68. MadibengGeneral Suppliers 
    69. Madidi Supply Chain Institute & Business Institute 
    70. Makwedeng Training 
    71. Maliwa Investment (Pty)Ltd 
    72. MBOWA COLLEGE PTY LTD 
    73. Media Village Training 
    74. Mnce Trading cc 
    75. Moripe Business and Training Consultants 
    76. Movietech Film and Television College 
    77. Mpofu Engineering Projects 
    78. Ndikho Ndinani Protection (Pty) Ltd 
    79. NOSA LOGISTICS PTY LTD 
    80. Ntalo Training & Consulting Services 
    81. Ntsoaki Driving School 
    82. OL Afrika Media 
    83. OPELONG BUSINESS INSTITUTE (PT 
    84. Pal Passenger Bus Services 
    85. Peo Entle HIV Wellness Management and Youth Skills Development NPO 
    86. Phephani Learnerships cc 
    87. PIETERSBURG LABOUR CONSULTANTS CC 
    88. Pracical Audio Solution 
    89. Precision skills development and training 
    90. PRX SCHOOL TEST 
    91. PUTCO Limited 
    92. PUTCO Pty Ltd 
    93. Quantum Leap College Pty Ltd 
    94. Rand International Management and Training Consultants 
    95. Richfield Graduate Institute of Technology Pty Ltd 
    96. Royal Impression Academy 
    97. SA College of Technology (PTY) 
    98. Safe and Eco Driving Pty Ltd 
    99. Sanda Skills Development (Pty) Ltd 
    100. Segaole Driving School 
    101. SOMANDLA ENTREPRENEURSHIP ACADEMY 
    102. SOUTH AFRICAN CORPORATE TRAINI 
    103. South African Transport Centre of Excellence 
    104. Southern Africa Youth Project 
    105. Southern Seas Institute CC 
    106. SPINA Consultancy cc Cape Town 
    107. THABO Training and Services 
    108. The Camera Academy 
    109. The Media Workshop 
    110. The Open Window (Pty) Ltd 
    111. THE SKILLS COLLEGE FOR DEVELOPMENT AND TRAINING(PTY) LTD 
    112. The Skills Development Corporation Private 
    113. Thobologo Training and Education Group 
    114. Thubelihle Graduate Institute 
    115. Thwala Training Services (Pty) Ltd 
    116. Training at Work Pty (Ltd) 
    117. Training Consultant and SD College 
    118. Try Easy Electrical Solutions Pty Ltd 
    119. Twin Mark Strategy and Management Consultants (Pty) Ltd 
    120. U-In-Xtion Training Facilitation 
    121. Ukwakhile Training 
    122. Uzoyithola Training and Consulting 
    123. Vhonisani Training Academy & Projects 
    124. VSL General Trading CC 
    125. VUTHLARI MARKETING CONSULTING 
    126. Yab Business Solution 
    127. Yes We Can Consulting Pty Ltd 
    128. Youth Media Movement 
    129. 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.