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 the need for capital and understand the need for the recording of the income and different costs in an agri-business 
SAQA US ID UNIT STANDARD TITLE
116159  Identify the need for capital and understand the need for the recording of the income and different costs in an agri-business 
ORIGINATOR
SGB Primary Agriculture 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 01 - Agriculture and Nature Conservation Primary Agriculture 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 1  NQF Level 01 
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 
A learner achieving this unit standard will be able to identify the need for capital and how to collect data to record income and different costs in an agri-business. He/she will understand the utilization of a simple record-keeping system in order to make basic managerial decisions.

Learners will understand the importance of the application of business principles in agricultural production with specific reference to agricultural financial support.

They will be able to operate farming practices as businesses and will gain the knowledge and skills to move from a subsistence orientation to an economic orientation in agriculture. Farmers will gain the knowledge and skills to access mainstream agriculture through a business-orientated approach to agriculture. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
No learning is assumed. 

UNIT STANDARD RANGE 
Whilst range statements have been defined generically to include as wide a set of alternatives as possible, all range statements should be interpreted within the specific context of application.

Range statements are neither comprehensive nor necessarily appropriate to all contexts. Alternatives must however be comparable in scope and complexity. These are only as a general guide to scope and complexity of what is required. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Describe the need for investment capital, where it can be acquired and how it can be categorised within an agri-business. 
OUTCOME RANGE 
Include all relevant sources that are willing to finance an agribusiness to buy assets for the business. Capital needs should be identified for short, medium and long-term utilization within a business. This should be explained by way of a simple balance sheet. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
The need for capital within a business environment is explained. 

ASSESSMENT CRITERION 2 
An effective understanding of where money/capital is coming from and where money/capital is going to are demonstrated. 

ASSESSMENT CRITERION 3 
The ability to deposit money in a financial institution is demonstrated. 

ASSESSMENT CRITERION 4 
The ability to withdraw funds from a financial institution is demonstrated. 

ASSESSMENT CRITERION 5 
A basic understanding of assets, liabilities and owners equity in a business is demonstrated by using the basic balance sheet and defining the different sub-sections. 

ASSESSMENT CRITERION 6 
Possible sources for capital such as banks, own capital, etc. are described. 

SPECIFIC OUTCOME 2 
Explain the flow of money in an agric-business. 
OUTCOME RANGE 
Buying inputs, accumulative costs and sell at profit. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
Financial inputs related to capital, material, labour, overheads, etc. are identified and described. 

ASSESSMENT CRITERION 2 
Different costs such as material, labour, direct overheads and indirect overheads in an agri-business are described. 

ASSESSMENT CRITERION 3 
The importance of a profit in a business is described. 

ASSESSMENT CRITERION 4 
An understanding that profit as managerial goal is not restricted to financial profits is demonstrated. 

SPECIFIC OUTCOME 3 
Describe the flow of costs in an agri-business. 
OUTCOME RANGE 
Use a diagram to illustrate the flow of material, labour, direct cost and indirect cost in an agri-business. Ensure that the differences between fixed and variable costs are understood. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
The different costs, including fixed and variable, and direct and indirect costs, are defined, with acceptable examples given. 

ASSESSMENT CRITERION 2 
The flow of cost in a production environment is described. 

ASSESSMENT CRITERION 3 
The different types of stock in a production process related to agriculture are described. 

SPECIFIC OUTCOME 4 
Identify the basic components of financial information and record keeping system and the basic administration procedures regarding source documents. 
OUTCOME RANGE 
Includes source documents (such as invoices, receipts, cheques, etc.) and documents to record different costs. The need for an effective record-keeping system should be understood as well as the criteria for an effective record-keeping system. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
Reasons why there is a need for a record-keeping system are demonstrated. 

ASSESSMENT CRITERION 2 
The need for an effective record-keeping system is motivated. 

ASSESSMENT CRITERION 3 
An understanding of different source documents to be used to compile financial information is demonstrated and examples are given. 

ASSESSMENT CRITERION 4 
The basic concepts of a financial record keeping system is described and used such as the recording of income, costs and a cashbook. 

SPECIFIC OUTCOME 5 
Provide inputs to a simple record keeping system for an agri-business, and be able to extract managerial information from it. 
OUTCOME RANGE 
Use different applicable documents to record income, material, labour, direct and indirect costs. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
Income is recorded correctly, using the correct formats. 

ASSESSMENT CRITERION 2 
Correct information for material, labour, direct and indirect costs is recorded correctly and accurately whilst using the correct formats. 

ASSESSMENT CRITERION 3 
Profit / loss are identified and the reasons explained. 

ASSESSMENT CRITERION 4 
The ability to formulate basic managerial decisions from the record keeping system is demonstrated. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
The assessment of qualifying learners against this standard should meet the requirements of established assessment principles.

It will be necessary to develop assessment activities and tools, which are appropriate to the contexts in which the qualifying learners are working. These activities and tools may include an appropriate combination of self-assessment and peer assessment, formative and summative assessment, portfolios and observations etc.

The assessment should ensure that al the specific outcomes; critical cross-field outcomes and essential embedded knowledge are assessed.

The specific outcomes must be assessed through observation of performance. Supporting evidence should be used to prove competence of specific outcomes only when they are not clearly seen in the actual performance.

Essential embedded knowledge must be assessed in its own right, through oral or written evidence and cannot be assessed only by being observed.

The specific outcomes and essential embedded knowledge must be assessed in relation to each other. If a qualifying learner is able to explain the essential embedded knowledge but is unable to perform the specific outcomes, they should not be assessed as competent. Similarly, if a qualifying learner is able to perform the specific outcomes but is unable to explain or justify their performance in terms of the essential embedded knowledge, then they should not be assessed as competent.

Evidence of the specified critical cross-field outcomes should be found both in performance and in the essential embedded knowledge.

Performance of specific outcomes must actively affirm target groups of qualifying learners, not unfairly discriminate against them. Qualifying learners should be able to justify their performance in terms of these values.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The person is able to demonstrate a basic knowledge of:
  • The function of a balance sheet equation.
  • Principles of balance sheet equation.
  • Procedures to acquire capital.
  • Different cost aspects in a production environment.
  • Purpose of a simple record keeping system.
  • Rules and principles to use a simple financial record keeping system.
  • Basic accounting concepts.
  • The utilization of a record-keeping system to make basic managerial decisions. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Problem solving relates to specific outcomes:
  • Describe the need for investment capital, where it can be acquired and how it can be categorised within an agri-business.
  • Explain the flow of money in an agric-business.
  • Describe the flow of costs in an agri-business.
  • Identify the basic components of financial information and record keeping system and the basic administration procedures regarding source documents. 

  • UNIT STANDARD CCFO WORKING 
    Teamwork relates to specific outcome:
  • Describe the flow of costs in an agri-business. 

  • UNIT STANDARD CCFO ORGANISING 
    Self-organisation and management relates to specific outcomes:
  • Describe the need for investment capital, where it can be acquired and how it can be categorised within an agri-business.
  • Explain the flow of money in an agric-business.
  • Describe the flow of costs in an agri-business.
  • Identify the basic components of financial information and record keeping system and the basic administration procedures regarding source documents. 

  • UNIT STANDARD CCFO COLLECTING 
    Information evaluation relates to specific outcomes:
  • Describe the need for investment capital, where it can be acquired and how it can be categorised within an agri-business.
  • Explain the flow of money in an agric-business.
  • Describe the flow of costs in an agri-business.
  • Identify the basic components of financial information and record keeping system and the basic administration procedures regarding source documents. 

  • UNIT STANDARD CCFO COMMUNICATING 
    Communication relates to specific outcomes:
  • Describe the need for investment capital, where it can be acquired and how it can be categorised within an agri-business.
  • Describe the flow of costs in an agri-business. 

  • UNIT STANDARD CCFO SCIENCE 
    Use science and technology relates to specific outcomes:
  • Describe the need for investment capital, where it can be acquired and how it can be categorised within an agri-business.
  • Explain the flow of money in an agric-business.
  • Describe the flow of costs in an agri-business.
  • Identify the basic components of financial information and record keeping system and the basic administration procedures regarding source documents. 

  • UNIT STANDARD CCFO DEMONSTRATING 
    Inter-relatedness of systems relates to specific outcomes:
  • Describe the need for investment capital, where it can be acquired and how it can be categorised within an agri-business.
  • Explain the flow of money in an agric-business.
  • Describe the flow of costs in an agri-business.
  • Identify the basic components of financial information and record keeping system and the basic administration procedures regarding source documents. 

  • UNIT STANDARD CCFO CONTRIBUTING 
    Self-development relates to specific outcome:
  • Identify the basic components of financial information and record keeping system and the basic administration procedures regarding source documents. 

  • 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  48970   National Certificate: Animal Production  Level 1  NQF Level 01  Reregistered  2023-06-30  AgriSETA 
    Core  48971   National Certificate: Mixed Farming Systems  Level 1  NQF Level 01  Reregistered  2023-06-30  AgriSETA 
    Core  48972   National Certificate: Plant Production  Level 1  NQF Level 01  Reregistered  2023-06-30  AgriSETA 


    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. Africa Land - Use Training 
    2. African Voice Trading 31 cc 
    3. Atom Agric and Training (Pty) Ltd 
    4. Balemi Consulting Pty Ltd 
    5. Biofuels Business Incubators NPC 
    6. Bokatoka Construction and Projects 
    7. Bumunhu Services Providers Cc 
    8. Cedara College of Agriculture 
    9. CEDARS CONSULTANTS CC (Boksburg)(TP) 
    10. Coaching Training & Development 
    11. Deloitte 
    12. Dihwai Food Cultural and Agricultural Services 
    13. Earth Child Consulting (Pty) Ltd 
    14. ELSENBURG AGRICULTURAL COLLEGE 
    15. Escay Catering and other Services 
    16. FARISANANI MANAGEMENT SERVICES 
    17. Farm for Africa Training and Development 
    18. Food and Trees for Africa 
    19. Fort Cox Agricultural College 
    20. GA Community Care Consultants 
    21. Ghoenas Kraal Opleiding Sentrum 
    22. Goldfields FET College 
    23. Heedmorine Training 
    24. Hoedspruit Hub(Pty) Ltd 
    25. Hortiserve 
    26. Impact Plus Training Consultants 
    27. Interstate Clearing 092 (Pty) Ltd 
    28. Izinkanyezi Zezulu Trading (Pty) Ltd 
    29. Kgopane Trading Enterprise 
    30. Khulisa Training Providers 
    31. Khululekani Training Centre 
    32. Kimbali Holdings 
    33. KMK Training Services (PTY) Ltd 
    34. Knowledge For Ever 
    35. Kwevhos Business Enterprise 
    36. Learning at Work 
    37. Leruo ke Matla Training and Enterprise Development Services 
    38. Longmore Training and Developen 
    39. Lovedale Public TVET College 
    40. Madzivhandila Agricultural College 
    41. Maishamalema Development Training 
    42. Mananthatshema Skills Dev. Centre 
    43. Marang Women in Agric and Development 
    44. Masidle Consulting CC 
    45. Mathapuso Construction and Projects 
    46. Matlharini Multi Centre Skills 
    47. Matotomana Training & Gen Trading 
    48. Mbimbini Training and Community Development 
    49. Medu Skills Consultants 
    50. Mobile Agri Skills Development and Training NPC 
    51. Mogaladi Business Enterprise 
    52. Montshepetsa Bosui Farming & Training Cnt 
    53. Morwa Agri-development cc 
    54. Mpontshe Training 
    55. Msingwa Training and Development 
    56. Mthashana FET College - Vryheid Campus 
    57. Mvelo Consultant 
    58. National Institute For The Deaf - NID 
    59. NEW HEIGHTS 1082 PTY LTD 
    60. Ngobane 63 Trading and Logistics 
    61. Ngwato Wa Mphela Agriculture Training Services 
    62. Nkalebetja Agricultural Projects and Management 
    63. Nophelo Training Centre 
    64. Nyameko Consulting Pty Ltd 
    65. Owen Sithole College of Agriculture 
    66. P N K Management Services 
    67. Phakisa Agricultural Development 
    68. Phepha Consulting Services 
    69. Phill Skills and Development Institute 
    70. Profound Agri Building Roads & Services 
    71. Progressive Environmental Projects 
    72. Retsogile Education and Training 
    73. SBJ Shadikamang Agriculture 
    74. Scientific Roets (Pty) Ltd 
    75. Sekhukhune FET College - Central Office 
    76. Selipha Trading (Pty) Ltd 
    77. Setlakala Business Development 
    78. Seza Bantu Rural Agricultural Projects 
    79. Siyafundisa I Africa 
    80. Siyasanga Training Centre 
    81. Skills Development and Training Company (Pty) Ltd 
    82. Suidwes Beleggings Eiendoms Beperk 
    83. Temnofto Training Cc 
    84. The Skills Development Hub (Pty) Ltd 
    85. Thuto Boshwa Skills Development Services 
    86. Thutong Learning College 
    87. Thutopele Skills Institute 
    88. Tinotsile Training and Development 
    89. Tlatlana Events Solution and Communication 
    90. TM Mashwara and Projects 
    91. Tompi Seleka Agricultural College 
    92. TPN Training and Recruitment cc 
    93. Tripple R Training Provider 
    94. Tshenkeng's Consulting 
    95. Tshepisang Research And Training Services (Pty) Ltd 
    96. Ubhaqa Land and Agrarian Reform Agency 
    97. Unang Business Enterprise 
    98. Vari Holdings (Pty)Ltd 
    99. VEB CELE AND ASSOCIATES 
    100. Voyano Project Management 
    101. Westco Agri Training 
    102. Working Decisions Cc 
    103. Zelpy 1382 (edms) Bpk 



    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.