Manage Finances in a New Venture (US 242816) – NQF Level 2

Duration:  2 days
Target Group: Entrepreneurs/Finance personnel
Prerequisite:  Communication NQF Level 1, Mathematical Literacy at NQF Level 1
Credits:  10
Certification:  Services SETA-accredited Certificate of Completion


Learners who will be working within a SMME environment, specialising in New Venture Ownership and Management, where the acquisition of competence against this standard will add value to their job. This skills programme will add value to entrepreneurs who are seeking to develop their entrepreneurial skills.

Unit Standard:

242816:  Manage finances for a new venture.


At the end of this skills programme, learners will be able to:

  • Explain financial controls for managing a business.
  • Identify and apply accounting practices and procedures.
  • Manage business accounts and maintain business records.
  • Utilise financial statements to identify business progress.