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Short Learning Programme
to
Entrepreneurial Skills
To determine the correct marketing mix in a specific small business environment, understand all the financial aspects including the business plan as a management tool to determine the vision and mission of the year ahead.

Purpose of the course:

To build capacity amongst entrepreneurs to effectively manage their organisations concerning financial management and marketing management. Participants will be able to develop a business plan.

Admission requirements:

Admission requirements: 
Experience in business (CV).
Learning assumed to be in place: 
Basic knowledge of Business Skills.

Course outcomes and assessment criteria :

Course outcomes and the associated assessment criteria: 

Study Unit

Outcomes

Assessment Criteria

  After completion of this course, participants will: Participant will be assessed on the following criteria:

MODULE 1 (US 336055}:

APPLY KNOWLEDGE OF FINANCE, ACCOUNTANCY, BOOKKEEPING AND TAX TO A SPECIFIC SMALL BUSINESS

At the end of the learning cycle, the learners will demonstrate knowledge and understanding of:

•            Key Finance Concepts

•            Sources of Finances

•            Uses of Finance

•            Balance Sheet    Working Capital

•            Debtors and Creditors

•            Cash flow

•            Bookkeeping

•            Debit and Credit entries

•            Budgets

•            Ratios

-             Liquidity

-             Profitability

-             Stock turnover rate

•            Tax implications on the enterprise

1. Demonstrate an understanding of key financial applicable to a specific small business environment.

ASSESSMENT CRITERION 1

Identify and  explain  the  sources of finance within the context of a specific small business

ASSESSMENT CRITERION 2

Classify and state with examples the factors affecting the choice of sources of finance.

ASSESSMENT CRITERION 3

Find and clarify The uses of funds within the context of a specific small business.

ASSESSMENT CRITERION 4

Apply knowledge and layout of a balance sheet in the context of a specific small business.

ASSESSMENT CRITERION 5

Understand the concept of 'working capital' and take measures to control the amount needed in a business in the context of a specific small business.

ASSESSMENT CRITERION 6

Explain with examples the purpose of cash flow forecasts and statements from a specific small business.

2. Demonstrate an understanding of bookkeeping concepts for keeping the books of a specific small business.

ASSESSMENT CRITERION 1

Define bookkeeping and explain the purposes and importance of keeping accounts in the context of a specific small business.

ASSESSMENT CRITERION 2

Describe with examples basic bookkeeping entries in various account types.

ASSESSMENT CRITERION 3

Clarify the entries into, and balancing of, cash and analysis books are in the context of a specific small business.

3. Demonstrate an understanding of key accounting records used in the financial management of a specific small business.

ASSESSMENT CRITERION 1

Describe with examples concepts relating to and the determination of profit and loss in an accounting system is.

ASSESSMENT CRITERION 2

Explain the concepts and process of budgeting, types of budgets.  their importance and use in financial forecasting in the context of a specific small business.

ASSESSMENT CRITERION 3

Identify and explain with examples financial calculations used to interpret accounting information from a specific small business.

4. Demonstrate an understanding of the tax system applicable to a specific small business.

ASSESSMENT CRITERION 1

Explain taxes and the tax system, in broad terms.

ASSESSMENT CRITERION 2

Clarify the Value Added Tax (VAT) system and its workings.

ASSESSMENT CRITERION 3

Identify and describe the records required for VAT purposes.

ASSESSMENT CRITERION 4

Complete and submit VAT returns to the tax authority.

 

5. Demonstrating an understanding of time value of money

ASSESSMENT CRITERION 1

Calculate the future value of simple investments.

ASSESSMENT CRITERION 2

Calculate the future value of annuities.

MODULE 2: (NON-CREDIT BEARING)

IDENTIFY AND DISCUSS DIFFERENT TYPES OF BUSINESS AND THEIR LEGAL IMPLICATIONS

At the  end  of  the  learning  cycle, the learners will demonstrate knowledge and understanding of:

•            Types of business

•            Characteristics  of different types

•            Advantages and disadvantages

•            Sources of finance

•            Procedure for starting a new venture

•            Sources of finance

•            Factors to consider when buying an existing business

•            Legal implications

1. Identify, discuss and compare the differences between types of business

ASSESSMENT CRITERION 1

Explain the different types of business.

ASSESSMENT CRITERION 2

Compare the different of types of business.

ASSESSMENT CRITERION 3

Discuss reasons for deciding on a particular type of business.

2.  Discuss procedures and essentials in starting a business.

ASSESSMENT CRITERION 1

Explore factors to consider in starting a business.

ASSESSMENT CRITERION 2

Explain procedures in starting a business.

ASSESSMENT CRITERION 3

Investigate sources of finances.

ASSESSMENT CRITERION 4

Clarify factors to be considered when taking over an existing

business.

3.  Identify, discuss and explain, the legal implications of types of business.

ASSESSMENT CRITERION 1

Describe the concept legal implication.

ASSESSMENT CRITERION 2

Discuss legal implication in the formation of a business.

ASSESSMENT CRITERION 3

State the legal implications concerning dissolvement of business.

 

Assessment: 
Formative and Summative.
Method of assessment: 
Summative: Examination/ Case studies/ Assignments Formative: Class tests/ Group Assignments

Additional information

Mode of delivery: 
Contact
Target group: 
Existing entrepreneurs for a small and medium organisation.
Contact us
Name: 
Ms Roseline April
Telephone number: 
018 289 2473