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 THAT HAS PASSED THE END DATE: 

Complete basic business calculations 
SAQA US ID UNIT STANDARD TITLE
117887  Complete basic business calculations 
ORIGINATOR
SGB Retail and Wholesale 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Wholesale and Retail 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 2  NQF Level 02  5 
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
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 employees in the wholesale and retail sector and is intended to give them an understanding of the concept of profit and loss and an understanding of basic business financial literacy so they can contribute meaningfully to the control of expenses and generation of profit within their organsiation.

Persons credited with this unit standard are able to calculate profit, shrinkage and other general wholesale and retail calculations 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that the learner has competent in:
  • Communication at NQF level 1, or equivalent
  • Mathematical Literacy at NQF Level 1, or equivalent 
    		•

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Complete a basic income statement. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The Income Statement entries - Sales, Cost of Goods Sold, Gross Profit, Expenses, Net Profit, Interest, Tax, Dividends and Retained Income are explained along with their effect on the Net Profits of the organisation. 

    ASSESSMENT CRITERION 2 
    The net profit of an organisation is calculated in an exercise given the necessary figures. 

    ASSESSMENT CRITERION 3 
    The impact of breakages in an outlet are explained in terms of their effect on the profits of the outlet 

    SPECIFIC OUTCOME 2 
    Identify expense requiring improvement. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Different types of expenses are identified and explained as they apply to a wholesale or retail outlet. 

    ASSESSMENT CRITERION 2 
    The causes of increases/decreases in store expenses are explained as applicable to an outlet. 

    ASSESSMENT CRITERION 3 
    Expenses requiring improvement are identified as applicable to an income statement provided. 

    SPECIFIC OUTCOME 3 
    Identify ways to reduce shrinkage. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The effect of shrinkage on an outlet is explained in terms of its impact on the profits of the outlet/business. 

    ASSESSMENT CRITERION 2 
    The method for calculating shrinkage in the business is explained along with the various entries in the calculation. 

    ASSESSMENT CRITERION 3 
    General methods for reducing shrinkage are explained as they apply to the industry 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Programmes leading to the award of credits from this unit standard will be accredited by the SETA in its ETQA role. Anyone assessing a learner against this unit standard must be registered as an assessor with the ETQA.

    Internal Moderations will be performed by the Accredited Providers whilst the ETQA will perform external moderations of assessments across the Accredited Providers according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The required entries on a basic income statement.
  • How each entry affects the profits of the business.
  • The method for calculating the Net Profit of a business.
  • The impact of breakages on the profits of an outlet
  • Wholesale and retail outlet expenses.
  • Causes of outlet expenses increasing/decreasing.
  • How to analyse the expenses of an outlet.
  • The financial effect of shrinkage on the profits of a business.
  • Organisational methods for calculating shrinkage.
  • General methods in the industry for reducing shrinkage 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Solving problems

    Relates to the following specific outcomes and assessement criteria:
    Identify expense requiring improvement
  • Expenses requiring improvement are identified as applicable to an income statement provided

    Identify ways to reduce shrinkage
  • General methods for reducing shrinkage are explained as they apply to the industry 
    		•

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise, and critically evaluate information

    Relates to the following specific outcomes and assessement criteria:

    Complete a basic income statement.
  • The net profit of an organisation is calculated in an exercise given the necessary figures.

    Identify expense requiring improvement
  • Different types of expenses are identified and explained as they apply to a wholesale or retail outlet.
  • Expenses requiring improvement are identified as applicable to an income statement provided.

    Identify ways to reduce shrinkage
  • The effect of shrinkage on an outlet is explained in terms of its impact on the profits of the outlet/business. 
    		•

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively

    Relates to the following specific outcomes and assessement criteria:

    Identify expense requiring improvement
  • Expenses requiring improvement are identified as applicable to an income statement provided 
    		•

    UNIT STANDARD CCFO DEMONSTRATING 
    Understand the world as a set of related systems

    Relates to the following specific outcomes and assessement criteria:

    Complete a basic income statement.
  • The Income Statement entries - Sales, Cost of Goods Sold, Gross Profit, Expenses, Net Profit, Interest, Tax, Dividends and Retained Income are explained along with their effect on the Net Profits of the organisation.

    Identify expense requiring improvement
  • The causes of increases/decreases in store expenses are explained as applicable to an outlet

    Identify ways to reduce shrinkage
  • The effect of shrinkage on an outlet is explained in terms of its impact on the profits of the outlet/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  58206   National Certificate: Wholesale and Retail Operations  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  W&RSETA 
    Elective  71751   General Education and Training Certificate: Adult Basic Education and Training  Level 1  NQF Level 01  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  73249   General Education and Training Certificate: Adult Basic Education and Training: Academic Curriculum  Level 1  NQF Level 01  Reregistered  2028-06-30  UMALUSI 
    Elective  50307   National Certificate: Bread and Flour Confectionery Baking  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  FOODBEV 
    Elective  49280   National Certificate: Wholesale and Retail Distribution  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  W&RSETA 


    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. Expression Culture Academy 190-319NPO 
    2. Gemini Training And Development Pty Ltd 
    3. Golden Mile Trading 578 
    4. Intellect Management and Training 
    5. KPI Consulting Pty LTD 
    6. Thamoma 
    7. Visual Excellence Trading 508 (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.