TAP> Strategic Financial Planning for Startups
Course Purpose Running a new venture involves understanding and explaining the financial aspects, including applying cash flow management and implementing an accounting system to effectively manage finances. Analysing income and expenditure statements, evaluating balance sheets, and making informed financial decisions …
Course Purpose
Running a new venture involves understanding and explaining the financial aspects, including applying cash flow management and implementing an accounting system to effectively manage finances. Analysing income and expenditure statements, evaluating balance sheets, and making informed financial decisions based on financial statements are crucial skills in ensuring the financial success and sustainability of a new business.
What you’ll learn
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 manage a new venture, analyse an income and expenditure statement, analyse a balance sheet and make a financial decision based on financial statements.
Duration: 1 Day
Curriculum
- 6 Sections
- 24 Lessons
- 1 Day
- Unit 1: Explain financial aspects involved in running a new ventureASSESSMENT CRITERIA4
- 0.0The concepts of start-up capital and working capital are explained in relation to a business
- 0.1The relationship between cash flow and profit are explained with examples within a business
- 0.2An explanation is given of the difference between short-term finance and long-term debt finance with examples
- 0.3The difference between fixed and working capital is explained in terms of own business ventures
- Unit 2: Apply cash flow management in the running of a new ventureASSESSMENT CRITERIA5
- 0.0The importance of cash flow management in a business is discussed in terms of the principles of a healthy business practice
- 0.1An explanation is given of the use of cash flow forecast as a budgeting tool
- 0.2A cash flow forecast is created in accordance with recognised processes and steps
- 0.3A cash flow forecast is used in order to determine a working capital for a business
- 0.4Bank statements are interpreted for reconciliation with the cash book
- Unit 3: Apply an accounting system to manage a new ventureASSESSMENT CRITERIA4
- Unit 4: Analyse an income and expenditure statementASSESSMENT CRITERIA4
- 0.0An explanation is given of how income and expenditure statements are applied in terms of their purpose
- 0.1Sources of income and expenditure statements are identified for a new venture
- 0.2Income and expenditure statements are evaluated to determine the financial viability of a new venture
- 0.3An income and expenditure statement is created for a new venture
- Unit 5: Analyse a balance sheet5
- 1.0An explanation is given of the purpose of a balance sheet with reference to how often a balance sheet is necessary
- 1.1The liabilities in a balance sheet are classified in terms of long-term and current liabilities
- 1.2Assets and liabilities are determined in a new venture context
- 1.3A balance sheet is evaluated in terms of equity and/or financial net worth
- 1.4A balance sheet is drawn up for a new venture
- Unit 6: Make a financial decision based on financial statements2
Requirements
- Grade 9
- NQF Level 1
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Course Features
- Lectures 24
- Quizzes 0
- Duration 1 day
- Skill level All levels
- Language English
- Students 1440
- Assessments Yes