SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Identify financial implications for making decisions 
SAQA US ID UNIT STANDARD TITLE
10049  Identify financial implications for making decisions 
ORIGINATOR
SGB Marketing 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Marketing 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard is a core standard and forms part of the qualification, National Diploma, and is registered at Level 5 on the National Qualifications Framework (NQF). Learners working towards this standard will be learning towards the full qualification, or will be working within a Marketing Environment, specialising in either Marketing Communication, Marketing Management, Market Research or Customer Management, where the acquisition of competence against this standard will add value to one's job.

This standard will also add value to learners who are starting their own business and recognises that Marketing forms an integral component of any business.

The qualifying learner is capable of:
  • Evaluating financial statements against reporting requirements
  • Applying financial analysis tools to interpret and report on financial implications 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this qualification will have demonstrated competence against the standards in the National Certificate in Marketing, Marketing Communication or Marketing Research or Marketing Management or Customer Management or equivalent at NQF Level 4. 

    UNIT STANDARD RANGE 
  • Marketing including all forms of marketing communications, direct marketing and relationship marketing, sponsorship, event marketing, sales promotions, public relations and alternative strategies.
  • Standard applies to marketing management, customer management, marketing communications and marketing research.
  • Ratios including measures of earning capacity, gross profit ratio, net profit ratio, return on shareholders funds, return on total funds, expenses to net sales, measures of financial stability, asset or liquidity ratios, the equity ratios, stock turn ratios and debtors ratios.
  • Presentation of financial analysis including findings, interpretations, conclusions, recommendations, remedies identified, remedies available and means of improving managerial performance. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Evaluate financial statements against reporting requirements 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Interpretation of accounting policies is applied in the preparation of financial statements. 

    ASSESSMENT CRITERION 2 
    2. Financial statements are evaluated for compliance with standards for disclosure in financial reporting for making decisions. 

    ASSESSMENT CRITERION 3 
    3. Evaluate actual versus expected results in the financial statements. 

    ASSESSMENT CRITERION 4 
    4. Operating performance and the state of affairs are evaluated and draw upon reliable sources for external information. 

    ASSESSMENT CRITERION 5 
    5. The presentation of financial statements takes into account the needs and requirements of the users for decision making purposes. 

    SPECIFIC OUTCOME 2 
    Apply financial analysis tools to interpret and report on financial implications 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Application of analytical techniques and tools identifies trends in components and relationships. 

    ASSESSMENT CRITERION 2 
    2. Use of ratios expressing relationships in income statements measure earning capacity, financial stability, management effectiveness and value of decision making. 

    ASSESSMENT CRITERION 3 
    3. Evaluation of financial ratios checks for conformity within expected ranges based on experience and established factors. 

    ASSESSMENT CRITERION 4 
    4. Limitations are identified and allowed for in the interpretation. 

    ASSESSMENT CRITERION 5 
    5. Presentation of financial analysis report with findings, interpretations, conclusions and recommendations is in a manner and form to facilitate decision making by others. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Providers offering learning towards this unit standard will be accredited by the Educational Training Quality Assurance Body (ETQA) of the Services SETA and /or by The Council of Higher Education (CHE). 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    A demonstrated understanding of:
  • A general understanding of methods and techniques for interpreting financial information.
  • A basic understanding of accounting and financial practices within the organisation.
  • A basic understanding of methods and techniques for reading financial data from reports. 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
  • Identify and solve problems relating to financial implications for making decisions in a marketing organisation. 

  • UNIT STANDARD CCFO WORKING 
  • Work effectively with others in the interpretation and presentation of financial data and implications. 

  • UNIT STANDARD CCFO COLLECTING 
  • Collect, evaluate, organise and critically evaluate information pertaining to financial data and its implications. 

  • UNIT STANDARD CCFO COMMUNICATING 
  • Communicate effectively when presenting the evaluation and reports on financial implications for decision-making. 

  • UNIT STANDARD CCFO SCIENCE 
  • Use science and technology to produce and report on financial data and financial implications. 

  • REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  20908   National Diploma: Customer Management  Level 5  NQF Level 05  Reregistered  2023-06-30  SERVICES 
    Core  20904   National Diploma: Marketing Communications  Level 5  NQF Level 05  Reregistered  2023-06-30  SERVICES 
    Core  61593   National Diploma: Marketing Management  Level 5  NQF Level 05  Reregistered  2023-06-30  As per Learning Programmes recorded against this Qual 
    Core  20896   National Diploma: Marketing Research  Level 5  NQF Level 05  Reregistered  2023-06-30  SERVICES 
    Fundamental  49060   National Degree: Master Craftsmanship (Electrical)  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2021-06-30  EWSETA 
    Elective  58820   National Certificate: Advertising  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  MICTS 
    Elective  61589   National Certificate: Banking  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Absa Learning & Development 
    2. Bidvest Bank 
    3. Chartall Business College 
    4. Felix Risk Training Consultants 
    5. Plumb Line Risk Alignment 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.