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 THAT HAS PASSED THE END DATE: |
Apply business financial practices |
SAQA US ID | UNIT STANDARD TITLE | |||
115821 | Apply business financial practices | |||
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-Fundamental | Level 5 | Level TBA: Pre-2009 was L5 | 4 |
REGISTRATION STATUS | REGISTRATION START DATE | REGISTRATION END DATE | SAQA DECISION NUMBER | |
Passed the End Date - Status was "Reregistered" |
2018-07-01 | 2023-06-30 | SAQA 06120/18 | |
LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
2026-06-30 | 2029-06-30 |
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 for persons who supply a business advising service to organisations. This will help the learner to be able to assist the business they are assessing with their financial practices
The qualifying learner is capable of: |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
It is assumed that learners accessing this Unit Standard are competent in:
|
UNIT STANDARD RANGE |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Describe the financial aspects of a business. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Financial objectives are related to overall business objectives. |
ASSESSMENT CRITERION 2 |
Financial forecasts are based on sound and accurate data. |
ASSESSMENT CRITERION 3 |
Accounting systems used to reflect the outputs of the business are accurate and current. |
ASSESSMENT CRITERION 4 |
The impact of the financial plan is evaluated on all specific parts of the business. |
ASSESSMENT CRITERION 5 |
Financial activities on financial performance are evaluated and are included in the financial plan. |
SPECIFIC OUTCOME 2 |
Interpret financial statements. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Financial statements are analysed, data sources are identified and evaluated for authenticity and accuracy. |
ASSESSMENT CRITERION 2 |
Financial ratios are calculated using standard financial methodologies. |
ASSESSMENT CRITERION 3 |
Financial ratios are interpreted, variances identified and recorded in required format. |
ASSESSMENT CRITERION 4 |
Reasons for variances are identified and explained and recorded in required format. |
ASSESSMENT CRITERION 5 |
Corrective action is recommended and submitted for approval with appropriate responsible person. |
SPECIFIC OUTCOME 3 |
Describe and prepare financial forecasts. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Financial forecast origins are identified in line with past practices. |
ASSESSMENT CRITERION 2 |
Sources of financial forecasts are identified as per company standard practice. |
ASSESSMENT CRITERION 3 |
Factors in preparing financial forecasts are outlined in line with company standard operating procedures. |
ASSESSMENT CRITERION 4 |
Accounting periods are identified and explained for the forecasting process. |
ASSESSMENT CRITERION 5 |
Relevant factors are incorporated in the preparation of Financial Forecasts. |
ASSESSMENT CRITERION 6 |
Financial forecasts are analysed to determine viability against company requirements. |
UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE |
UNIT STANDARD DEVELOPMENTAL OUTCOME |
N/A |
UNIT STANDARD LINKAGES |
N/A |
Critical Cross-field Outcomes (CCFO): |
UNIT STANDARD CCFO IDENTIFYING |
Identifying and solving problems in which responses display that responsible decisions using critical and creative thinking have been made after studying the businesses financial practices. |
UNIT STANDARD CCFO WORKING |
Working effectively with others during the process of extrapolating financial information. |
UNIT STANDARD CCFO ORGANISING |
Organising and managing oneself and one's activities responsibly and effectively which will ensure all the correct financial data is available. |
UNIT STANDARD CCFO COLLECTING |
Collecting, analysing, organising and critically evaluating information in the pursuit of accurately interpreting the financial practices of the business. |
UNIT STANDARD CCFO COMMUNICATING |
Communicating effectively with all stakeholders with regard to all financial information. |
UNIT STANDARD CCFO SCIENCE |
Using science and technology effectively in the recording, analysis and interpretation of financial practices. |
UNIT STANDARD CCFO DEMONSTRATING |
Demonstrating an understanding of the world as a set of related systems by recognising the impact that financial practices have on a business. |
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 | 48886 | National Certificate: Business Advising | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2010-11-11 | Was SERVICES until Last Date for Achievement |
Core | 79886 | National Certificate: Business Advising | Level 5 | NQF Level 05 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | SERVICES |
Core | 78966 | National Certificate: Diamond Design and Evaluation | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MQA |
Core | 59304 | National Diploma: Freight Forwarding and Customs Compliance | Level 5 | NQF Level 05 | Passed the End Date - Status was "Reregistered" |
2020-07-30 | TETA |
Fundamental | 78526 | National Certificate: Automotive Repair and Maintenance | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | As per Learning Programmes recorded against this Qual |
Fundamental | 49743 | National Certificate: Manufacturing Management | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | FOODBEV |
Fundamental | 58348 | National Certificate: Perishable Produce Export Technology | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | AgriSETA |
Fundamental | 57450 | National Diploma: Automotive Diagnostics and Repair | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Registered" |
2009-02-18 | Was MERSETA until Last Date for Achievement |
Elective | 71969 | National Certificate: Automotive Components: Manufacturing and Assembly | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2015-06-30 | MERSETA |
Elective | 78943 | National Certificate: Autotronics | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Elective | 61589 | National Certificate: Banking | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | As per Learning Programmes recorded against this Qual |
Elective | 78843 | National Certificate: Diamond Processing | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MQA |
Elective | 57651 | National Certificate: Forensic Science | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | SAS SETA |
Elective | 59387 | National Certificate: Intellectual Property Administration | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2012-06-30 | CATHSSETA |
Elective | 79627 | National Certificate: Mechatronics | Level 5 | NQF Level 05 | Passed the End Date - Status was "Reregistered" |
2015-06-30 | MERSETA |
Elective | 58395 | National Certificate: Project Management | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | SERVICES |
Elective | 58977 | National Certificate: Publishing | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2015-06-30 | FPMSETA |
Elective | 59299 | National Certificate: Wholesale and Retail: Buying Planning | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | W&RSETA |
Elective | 57427 | National Certificate: Youth Development | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | ETDP 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. | AFRICAN BANK LTD |
2. | Chartall Business College |
3. | Cornerstone Performance Solutions (Pty) Ltd |
4. | Damelin (Pty) Ltd |
5. | Felix Risk Training Consultants |
6. | Legal Practice Academy |
7. | NTI College |
8. | Plumb Line Risk Alignment |
9. | Production Management Institute of Southern Africa (Pty) Ltd |
10. | Riverwalk Trading 151 CC trading as Culhane Consulting |
11. | SIGNA ACADEMY (PTY) LTD |
12. | The Academy of Financial Markets |
13. | The Graduate Institute of Financial Sciences (Pty) Ltd |
14. | The Institute of Literacy Advancement |
15. | THE SHERQ CENTRE OF EXCELLENCE PTY LTD |
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. |