About Course
Course Description
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.
Certification
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.
Outcome 1
Raise financial support externally.
Outcome 2
Calculate the break-even budget.
Outcome 3
Assess the impact of tax and other statutory expenses.
Specific outcome 4
Supervise financial record keeping and cash flow
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.
Who This Course is for
Everyone who wants to build a carrier from somewhere or any employee who wants more skills.
