Purpose of the course
Admission requirements
Course outcomes and assessment criteria
Study Unit |
Outcomes |
Assessment Criteria |
| After completion of this course, participants will: | Participant will be assessed on the following criteria: | |
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NQF LEVEL 5 (20 CREDITS) MODULE 1 (US:336055) |
1. Demonstrate an understanding of key finance concepts applicable to financing a specific small business |
ASSESSMENT CRITERION 1 Identify and explain the sources of finance within the context of a specific small business. |
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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:
- Liquidity - Profitability - Stock turnover rate Tax implications on the enterprise |
ASSESSMENT CRITERION 2 Classify and state with examples the factors affecting the choice of sources of finance |
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ASSESSMENT CRITERION 3 Find and clarify The uses of funds within the context of a specific small business |
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ASSESSMENT CRITERION 4 Demonstrate knowledge of the use and layout of a balance sheet in the context of a specific small business |
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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 |
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ASSESSMENT CRITERION 6 Explain with examples the purpose of cash flow forecasts and statements from a specific small business |
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| 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 |
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ASSESSMENT CRITERION 2 Discribe with examples basic bookkeeping entries in various account types |
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ASSESSMENT CRITERION 3 Clarify and demonstrate the entries into, and balancing of, cash and analysis books are in the context of a specific small business. |
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ASSESSMENT CRITERION 4 Demonstrate a basic awareness of computer based accounting systems in the context of their use in a specific small business |
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| 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 |
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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 |
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ASSESSMENT CRITERION 3 Identify and explain with examples financial calculations used to interpret accounting information from a specific small business |
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| 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 |
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ASSESSMENT CRITERION 2 Clarify the Value Added Tax (VAT) system and its workings |
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ASSESSMENT CRITERION 3 Identify and describe the records required for VAT purposes |
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ASSESSMENT CRITERION 4 Complete and submit VAT returns to the tax authority |
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NQF LEVEL 5 (12 CREDITS) MODULE 2 (US:336075 |
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| APPLY PRACTICAL PRINCIPLES OF MARKETING TO A SPECIFIC SMALL BUSINESS | 1. Demonstrate an understanding of marketing concepts related to a specific small business environment |
ASSESSMENT CRITERION 1 Define The marketing concept |
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At the end of the learning cycle the learners will demonstrate knowledge and understanding of:
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ASSESSMENT CRITERION 2 Apply the marketing concept to a specific small business. |
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ASSESSMENT CRITERION 3 Explain the principles of relationship marketing. |
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ASSESSMENT CRITERION 4 Illustrate and explain the customer loyalty ladder graphically with examples from a specific small business environment |
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ASSESSMENT CRITERION 5 Define and explain the concept of the marketing mix. |
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| 2. Demonstrate an understanding of the 'product' element of the marketing mix in a specific small business environment |
ASSESSMENT CRITERION 1 Explain with examples the meaning of 'product' in the marketing mix from a specific small business |
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ASSESSMENT CRITERION 2 Describe the characteristics of a 'product' with examples from a specific small business |
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ASSESSMENT CRITERION 3 Explain the concept of branding, its value and application to specific products in an small business are with examples |
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ASSESSMENT CRITERION 4 Apply the product 'life cycle' in the context of specific products in a small business environment |
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| 3. Demonstrate an understanding of the 'price' element in the marketing mix as applied in a specific small business environment |
ASSESSMENT CRITERION 1 Classify and scrutinise the approaches to setting prices in a specific small business marketing context |
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ASSESSMENT CRITERION 2 Evaluate the importance of non-price factors with specific examples from a specific small business |
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ASSESSMENT CRITERION 3 Explain with examples the practice of pricing related to a specific small business |
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| 4. Demonstrate an understanding of the 'promotion' element in the marketing mix as applied in a specific small business environment |
ASSESSMENT CRITERION 1 Describe the objectives of promotion within a specific small business context |
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ASSESSMENT CRITERION 2 Analyse and apply the element's of the 'promotional mix' in a specific small business marketing context |
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ASSESSMENT CRITERION 3 Clarify the importance of market research to remaining informed on promotional methods and opportunities |
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ASSESSMENT CRITERION 4 Analyse the effective communication of promotional activities to customers |
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ASSESSMENT CRITERION 5 Utilise the promotional mix to promote a product or service in a specific small business |
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ASSESSMENT CRITERION 6 Explain with examples, product layout as an essential element of promotion relating to the particular promotional challenges and opportunities in a specific small business retail outlet |
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| 5. Demonstrate an understanding of the 'place' element in the marketing mix as applied in a specific small business environment |
ASSESSMENT CRITERION 1 Analyse the importance of location in the marketing of a specific small business |
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ASSESSMENT CRITERION 2 Examine the internal space in the retail environment in the context of specific small business marketing |
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ASSESSMENT CRITERION 3 Analyse location in 'virtual space' in the context of small business marketing |
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ASSESSMENT CRITERION 4 Examine the sensitivity of a place in the specific small business environment. |
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NQF LEVEL 5 ( 12 CREDITS) MODULE 3 (US:262380) |
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PRODUCE A BUSINESS PLAN FOR A SMALL BUSINESS At the end of the learning cycle the learners will demonstrate knowledge and understanding of:
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1. Identify and demonstrate an understanding of the elements of a business plan |
ASSESSMENT CRITERION 1 Identify and explain with examples legal business types |
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ASSESSMENT CRITERION 2 Explain and include in business plan, legal registrations and any legislative compliance in relation to the proposed business |
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ASSESSMENT CRITERION 3 A business plan is clarify in terms of business, financial, marketing and operations plans |
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ASSESSMENT CRITERION 4 The codes of ethics pertaining to a business plan are identified and explained with examples |
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ASSESSMENT CRITERION 5 The business plan for the purpose of a management tool for a business is explained with examples |
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2.Compile an organisation structure for the proposed business to determine how a business plan can best be integrated |
ASSESSMENT CRITERION 1 Identify with examples. and give details of legal business types |
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ASSESSMENT CRITERION 2 Include in a business plan, legal registrations and any legislative compliance in relation to the proposed business |
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ASSESSMENT CRITERION 3 Clarify a business plan in terms of business, financial, marketing and operations plans |
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ASSESSMENT CRITERION 4 Find and explain with examples the codes of ethics pertaining to a business plan are |
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ASSESSMENT CRITERION 5 Clarify with examples the business plan for the purpose of a management tool for a business |
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| 3.Identify resources and information required to complete the proposed business plan |
ASSESSMENT CRITERION 1 Compile Information on the resources needed and procedures to be followed to achieve the plan in order to effectively execute business plan |
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ASSESSMENT CRITERION 2 Decide upon the type of business ownership and complete registration accordingly |
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ASSESSMENT CRITERION 3 Identify and explain the industry specific and legal requirements for own venture in terms of how they will affect the business |
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ASSESSMENT CRITERION 4 Gather all relevant information for the completion of the business plan |
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| 4. Compile business plan. |
ASSESSMENT CRITERION 1 Design the structure and layout of the business plan to be compatible with the nature of business. |
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ASSESSMENT CRITERION 2 Identify business and operational goals and procedures for the effective implementation thereof as outlined in business plan. |
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ASSESSMENT CRITERION 3 Prepare marketing plans in the business plan. |
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ASSESSMENT CRITERION 4 Prepare financial and cash flow plans in the business plan. |
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ASSESSMENT CRITERION 5 Create an outline of how business will operate and achieve marketing and financial objectives in the business plan |
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ASSESSMENT CRITERION 6 Outline and integrate a vision statement that represents the goals and objectives of the new venture into overall business activities |
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NQF LEVEL 1 (4 CREDITS) MODULE 4 (US 13994): 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:
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1. Identify, discuss and compare types of business |
ASSESSMENT CRITERION 1 Explain different types of business |
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ASSESSMENT CRITERION 2 Compare different types of business are. |
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ASSESSMENT CRITERION 3 Discuss reasons for deciding on a particular type of business |
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| 2. Discuss procedures and essentials in starting a business |
ASSESSMENT CRITERION 1 Explore factors to consider in starting a business. |
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ASSESSMENT CRITERION 2 Explain procedures in starting a business. |
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ASSESSMENT CRITERION 3 Investigate sources of finances. |
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ASSESSMENT CRITERION 4 Clarify factors to be considered when taking over an existing business. |
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| 3. Identify, discuss and explain, the legal implications of types of business |
ASSESSMENT CRITERION 1 Describe the concept legal implication |
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ASSESSMENT CRITERION 2 Discuss legal implication in formation of business |
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ASSESSMENT CRITERION 3 State the legal implications concerning dissolvement of business |
• Examination/ Case studies/ Assignments
Formative:
• Group assignments/ Class tests