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: 

Manage the finances of a unit 
SAQA US ID UNIT STANDARD TITLE
252040  Manage the finances of a unit 
ORIGINATOR
SGB Generic Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Generic Management 
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 intended for managers in all economic sectors. These managers would typically be second level managers such as heads of department, section heads or divisional heads, who may have more than one team reporting to them.

The qualifying learner is capable of:
  • Demonstrating an understanding of the key concepts of managerial finance.
  • Interpreting financial statements.
  • Drafting financial forecasts.
  • Drafting budgets according to operational plans of the unit.
  • Supervising the financial management of a unit against given requirements. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in:
  • Communication at NQF Level 4.
  • Mathematical Literacy at NQF Level 4.
  • Computer Literacy at NQF Level 4. 

  • UNIT STANDARD RANGE 
  • The learner is required to apply the learning in respect of this/her own area of responsibility.
  • The learner will be required manages the financial resources of the unit by developing forecasts and budgets.
  • Unit refers to the division, department or business unit in which the learner is responsible for managing and leading staff.
  • Entity includes, but is not limited to, a company, business unit, public institution, small business, Non-Profit Organisation or Non-Governmental Organisation.
  • GAAP refers to Generally Accepted Accounting Practices. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrating an understanding of the key concepts of managerial finance. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The accounting cycle is explained by means of a diagram. 

    ASSESSMENT CRITERION 2 
    The role of budgeting and forecasting in the strategic planning process is explained with reference to the manager's specific organisational context. 

    ASSESSMENT CRITERION 3 
    The accounting conventions applied in the financial management of a unit are explained with examples. 
    ASSESSMENT CRITERION RANGE 
    The accounting conventions include consistency, going concern, prudence, realisation, disclosure, objectivity and matching.
     

    ASSESSMENT CRITERION 4 
    The financial reports published by the manager's entity are explained with examples. 
    ASSESSMENT CRITERION RANGE 
    The financial reports include audit reports, income statement, cash flow statement and balance sheet.
     

    SPECIFIC OUTCOME 2 
    Interpret financial statements. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Financial statements are analysed, using data sources identified and evaluated for authenticity and accuracy. 

    ASSESSMENT CRITERION 2 
    The ratios are applied to measure the profitability and liquidity of an entity. 

    ASSESSMENT CRITERION 3 
    The ratios are applied to measure the working capital and asset utilisation of an entity. 

    ASSESSMENT CRITERION 4 
    The ratios are applied to measure the return of an entity. 
    ASSESSMENT CRITERION RANGE 
    Return ratios include, return on equity, return on investment and debt ratio.
     

    ASSESSMENT CRITERION 5 
    Recommendations are made regarding the profitability of, liquidity, working capital, return and resource utilisation by the entity using the results obtained from the application of the ratios. 

    SPECIFIC OUTCOME 3 
    Describe and prepare financial forecasts. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The types and formats of financial forecasts are identified with examples. 

    ASSESSMENT CRITERION 2 
    Sources of financial forecasts are identified as per the entity's standard practice. 

    ASSESSMENT CRITERION 3 
    Factors in preparing financial forecasts are outlined in line with entity's standard operating procedures. 

    ASSESSMENT CRITERION 4 
    Relevant factors are incorporated in the preparation of financial forecasts. 

    ASSESSMENT CRITERION 5 
    Financial forecasts are analysed to determine viability against the entity's requirements. 

    SPECIFIC OUTCOME 4 
    Draft budgets according to the operational plan of the unit. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Budget plans are linked to operational objectives. 

    ASSESSMENT CRITERION 2 
    Operational objectives are established in line with the unit's strategic plan. 

    ASSESSMENT CRITERION 3 
    The budget is formulated according to standard operating procedures. 

    ASSESSMENT CRITERION 4 
    Drafted budget is reviewed, reflected on and modified to ensure alignment to the operational plan of the unit. 

    SPECIFIC OUTCOME 5 
    Supervise financial management of a unit against given requirements. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Monitoring systems are agreed and adhered to, according to standard operating procedures. 

    ASSESSMENT CRITERION 2 
    Expenditure reports are monitored for the year for each team within the unit against given criteria. 

    ASSESSMENT CRITERION 3 
    Corrective actions are implemented where necessary in accordance with the entity's policies and procedures. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Understand the difference between finance and accounting.
  • Understanding financial relationships.
  • Understanding of trends and ratios.
  • Understanding how to analyse past performance, recognise opportunities and plan for the future.
  • Financial performance measurement techniques. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems through making recommendations to address discrepancies. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others when gathering information for financial ratio analysis. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one`s activities when calculating ratios and reporting findings. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, evaluate, organise and critically evaluate information when monitoring expenditure against budget. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with stakeholders in written reports. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology formulating a capital budget. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems showing how the results of the unit impact on the whole entity. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

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

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  65609   National Diploma: Allied Health Therapies  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30   
    Core  80066   National Certificate: Strategic Road Traffic Operations  Level 6  NQF Level 06  Reregistered  2023-06-30  SAS SETA 
    Fundamental  59201   National Certificate: Generic Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  As per Learning Programmes recorded against this Qual 
    Fundamental  80686   National Diploma: Supply Chain Management: Sensitive Consumer Products  Level 6  NQF Level 06  Reregistered  2023-06-30  FOODBEV 
    Elective  61529   National Certificate: Loss Adjusting  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  INSETA 
    Elective  59258   National Certificate: Polygraphy  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  SAS SETA 


    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. Academy of York Pty Ltd 
    2. ADT SECURITY SERVICES PTY LTD 
    3. ADT SECURITY SERVICES PTY LTD CAPE TOWN 
    4. ADT SECURITY SERVICES PTY LTD PINE TOWN 
    5. ADT SECURITY SERVICES PTY LTD PORT ELIZABETH 
    6. ADT SECURITY SERVICES PTY LTD PRETORIA NORTH 
    7. All Access Holdings 
    8. Asiphokuhle Training and Research Institute 
    9. Avenida (Pty) Ltd 
    10. Batho - Pele 
    11. Boston City Campus and Business College (PTY) Ltd 
    12. Business Management Training College (Pty) Ltd 
    13. Career Pathing Solutions (Pty) Ltd (KRUGERSDORP) (TP) 
    14. College of Production Technology 
    15. CONNEMARA CONSULTING (PTY) LTD 
    16. CREATIVE FOUNDATION TRAINING 
    17. CTU Training Solutions 
    18. DISASTER MANAGEMENT SOLUTIONS (PTY) LTD (DMS) 
    19. DYNA TRAINING (PTY) LTD (Cape Town) 
    20. Edutel Wholesale & Retail Academy 
    21. Equal Career Services (Pty) Ltd (CENTURION) (TP) 
    22. FLIGHT CENTRE South Africa Pty (Ltd) 
    23. GLOBAL PROSPECTUS TRAINING PTY LTD 
    24. Golden Ratio College (Pty) Ltd 
    25. GORDAN INSTITUTE OF BUSINESS SCIENCE 
    26. IKHWEZI MANAGEMENT AND TRAINING INSTITUTE CC 
    27. Infomage 
    28. IQ Skills Academy (PTY) LTD. 
    29. Jobafrik Consulting 
    30. Kairos Training College 
    31. Kalideen Management 
    32. Kgolo Institute 
    33. Kgotla Trading Enterprise 
    34. Khosithi Training 
    35. KVR TRAINING AND BUSINESS SOLUTIONS PTY LTD 
    36. Letlhokoa Management Services CC 
    37. LO Tantsi Fire Consultants CC. 
    38. MEGRO LEARNING LOWVELD 
    39. Mercedes Benz South Africa (Pty) Ltd (CENTURION) (TP) 
    40. Mod-Mosh Projects and Consulting (PTY) LTD 
    41. Mortarboard Training Solutions 
    42. MSC Education Holdings (Pty) Ltd 
    43. Nela Kahle 80 cc 
    44. Ntsangalala Business Enterprise 
    45. ORGANISATIONAL DEVELOPMENT INTERNATIONAL (PTY) LTD 
    46. Pioneer Business Consulting 
    47. Plastics Federation of South Africa (MIDRAND) (TP) 
    48. Plastics Federation of South Africa (WESTMEAD) (TP) 
    49. Power Rush Trading 170 CC. 
    50. Ronald Sewell & Associates SA (Pty) Ltd T/A Sewells (BRYANSTON) (TP) 
    51. SANDVIK MINING & CONSTRUCTION RSA (PTY) LTD 
    52. Scaw Metals Group (Pty) Ltd T/A Scaw Metals (DINWIDDIE) (TP) 
    53. SERVEST(PTY) LTD 
    54. SIGNA ACADEMY PTY LTD 
    55. Smollan Sales & Marketing (Pty) Ltd 
    56. Summat Training Institute 
    57. Umqondo Consultancy 
    58. University of Fort Hare 
    59. Vantage Training 
    60. Vicmat Consultants 
    61. Ya Hina Management Consulting and projects 



    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.