PURPOSE OF THE UNIT STANDARD This Unit Standard is intended for learners who have to manage the finances of a business venture. Learners who achieve this Unit Standard are able to manage the income and expenditure of own business and base financial decision-making on financial data. Learners credited with this unit standard will be able to: Explain financial aspects involved in running new venture. Apply cash flow management in the running of a new venture. Apply an accounting system to mange a new venture. Analyse an income and expenditure statement. Analyse a balance sheet. Make a financial decision based on financial statements