Finance for Non Financial Managers

- 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.
- Explain financial aspects involved in running new venture.
- The concepts of start-up capital and working capital are explained in relation to a business.
- The relationship between cash flow and profit are explained with examples within a business.
- An explanation is given of the difference between short-term finance and long-term debt finance with examples.
- The difference between fixed and working capital is explained in terms of own business venture.
- Apply cash flow management in the running of a new venture.
- The importance of cash flow management in a business is discussed in terms of the principles of a healthy business practice.
- An explanation is given of the use of cash flow forecast as a budgeting tool.
- A cash flow forecast is created in accordance with recognised processes and steps.
- A cash flow forecast is used in order to determine a working capital for a business.
- Bank statements are interpreted for reconciliation with the cash book.

- This Unit Standard is intended for learners who are required to implement and monitor a strategic plan to improve the performance of a new venture.
- Learners credited with this unit standard will be able to:
- Describe the concept of strategic planning in managing business performance.
- Explain the role of the various functional strategies in business performance.
- Apply business performance supervision and monitoring.
- Monitor, measure and report on business performance.
- Identify and rectify performance problems occurring in business.
- Describe the concept of strategic planning in managing business performance.
- A description is given of the concept of strategic planning for a new venture.
- An explanation is given of the benefits of strategic planning for performance monitoring.
- Aspects of a good strategic plan are identified from examples a new venture.
- The relationship between the timing of a strategic plan and performance of a venture is evaluated using examples from a new venture.
- Explain the role of the various functional strategies in business performance.
- An explanation is given of the elements of a strategic plan.
- Alternative functional structures are identified within a new venture.
- An explanation is given of how key elements operate within each alternative structure.
- Reasons for choosing particular organisational structures are described in terms of a particular business venture.

- The learner will be able to implement an action plan, in terms of the practical and physical aspects, derived from a business plan for establishing a new venture.
- Learners credited with this unit standard will be able to:
- Design an action plan for a new venture.
- Set up business premises and operational systems.
- Implement business financial systems.
- Identify the risks associated with the new venture.
- It is assumed that the learner has the following knowledge and skills.
- Design an action plan for a new venture.
- Actions to be taken to establish a business are listed according to priority.
- An explanation is given of the reason for the priority assigned to each action.
- Time frames are scheduled for prioritised actions.
- Deadlines are determined for scheduled actions.
- Set up business premises and operational systems.
- A comparison is conducted of the leasing or purchasing of premises by means of analysing the advantages and disadvantages of each option.
- A suitable location and premises are identified for the new venture.
- Operating and communication systems are put into place for the new venture.
- A brand is established for a the new venture.
- Brand includes but is not limited to the professional image of the new venture.
- Legal issues and safety regulations for the premises are adhered to in terms of the relevant legislation.
- Resources are procured according to the business requirement.
- Resources includes but is not limited to stationary.

Contact Details

Contact Person: 

Anil Salick
Course Details

Unit Standard: 

263474;263456;263534

NQF Level: 

Level 4

Credits: 

14

Course Delivery Method: 

In Class In Class

Presented Presented Courses

In House In-House

Course Duration: 

3 days

Cost: 

R3500

Course fee Includes: 

Materials, Facilitation, Lunches/ Teas & Coffees, Portfolio Build, Certificate of Achievement, SETA Credit Bearing