Manage finances for a new venture – Unit Standard 119674



This Module is intended for Learners who will be working in an SMME (Small, Medium, and Micro Enterprise) environment, specialising in New Venture Ownership and Management. It will add value to entrepreneurs who are seeking to develop their entrepreneurial skills so that they can become more marketable for bigger contracts, including commercial and public sector contracts, for example the Department of Public Works programmes.

Specific Outcomes

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



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