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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: |
Conduct working capital management activities in accordance with sound financial management policy |
SAQA US ID | UNIT STANDARD TITLE | |||
119331 | Conduct working capital management activities in accordance with sound financial management policy | |||
ORIGINATOR | ||||
SGB Public Administration and Management | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | ||||
- | ||||
FIELD | SUBFIELD | |||
Field 03 - Business, Commerce and Management Studies | Public Administration | |||
ABET BAND | UNIT STANDARD TYPE | PRE-2009 NQF LEVEL | NQF LEVEL | CREDITS |
Undefined | Regular | Level 5 | Level TBA: Pre-2009 was L5 | 12 |
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 |
Learners working towards this standard will be working within a Public Sector environment, specialising in Public Finance Management and Administration, where the acquisition of competence against this standard will add value to one's job. This standard will also add value to public officials who are seeking to develop a career pathway towards becoming an accomplished public finance management and administration specialist.
The qualifying learner is capable of: |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
Learners accessing this Unit Standard must be in possession of a Further Education and Training Certificate or equivalent qualification. |
UNIT STANDARD RANGE |
N/A |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Use the working capital management policy applicable to the public finance management and administration sector. |
OUTCOME RANGE |
Working capital policy includes but is not limited to estimation of working capital level, financing of current assets, controlling of working capital. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
The working capital policy utilised in the public finance management and administration sector is explained. |
ASSESSMENT CRITERION 2 |
The elements covered by the working capital policy are identified. |
ASSESSMENT CRITERION 3 |
The understanding of the effect of working capital management policy in relation to revenue management in the public sector is clearly demonstrated, and its implications explained in the context of service delivery. |
ASSESSMENT CRITERION 4 |
The need to manage the overall working capital position to meet overall financial management policy is demonstrated. |
SPECIFIC OUTCOME 2 |
Use financial information to inform working capital decisions. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Liquidity rations are calculated and analysed. |
ASSESSMENT CRITERION 2 |
Reports are prepared in relation to significant liquidity ratios. |
ASSESSMENT CRITERION 3 |
The nature of accounts payable in the public sector is explained. |
SPECIFIC OUTCOME 3 |
Manage accounts receivable. |
OUTCOME RANGE |
Accounts receivable includes but is not limited to payment terms, analysing credit risk, use of credit standards, collection of overdue accounts. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Credit management policy of the institution and credit information sources are used to enhance credit control. |
ASSESSMENT CRITERION 2 |
Different processes and procedures are used to collect amounts owed. |
SPECIFIC OUTCOME 4 |
Manage inventory. |
OUTCOME RANGE |
Inventories include but are not limited to cost-benefits of carrying inventory, Economic Order Quantity Model, inventory control techniques, Just-in-Time inventory management. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Appropriate economic models are applied to inventory management. |
ASSESSMENT CRITERION 2 |
Economic inventory levels and delivery periods are used to determine inventory models. |
ASSESSMENT CRITERION 3 |
Government guidelines relating to procurement and inventory are applied. |
ASSESSMENT CRITERION 4 |
Budgets for consumable inventory items are prepared and used to guide reporting of utilization of inventory items. |
ASSESSMENT CRITERION 5 |
Provisioning management techniques and practices are used with reference to various inventory items. |
ASSESSMENT CRITERION 6 |
External requisitioning procedures for inventory items are determined using quantitative tools. |
SPECIFIC OUTCOME 5 |
Manage cash resources. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Liquidity and the different forms of solvency are understood in the context of certain policies. |
ASSESSMENT CRITERION 2 |
A working management approach to cash management is adhered to within the boundaries of legislation. |
UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE |
The learner must demonstrate an understanding of:
|
UNIT STANDARD DEVELOPMENTAL OUTCOME |
N/A |
UNIT STANDARD LINKAGES |
N/A |
Critical Cross-field Outcomes (CCFO): |
UNIT STANDARD CCFO IDENTIFYING |
Identify and solve problems using critical and creative thinking processes to calculate working capital. |
UNIT STANDARD CCFO WORKING |
Work effectively with others as a member of a team, group, organization or community to gather all the necessary accounting information to determine working capital amounts. |
UNIT STANDARD CCFO ORGANISING |
Organise and manage oneself and one's activities responsibly and effectively in order to ensure that all reports relating to working capital are timeously completed. |
UNIT STANDARD CCFO COLLECTING |
Collect, analyse, organize and critically evaluate financial information in order to inform working capital decisions. |
UNIT STANDARD CCFO COMMUNICATING |
Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to gather and disseminate working capital information. |
UNIT STANDARD CCFO SCIENCE |
Use science and technology effectively and critically, showing responsibility to the environment and health of others in ensuring that working capital management systems are effectively utilized. |
UNIT STANDARD CCFO DEMONSTRATING |
Demonstrate an understanding of the world as a set of interrelated systems by recognising that problem-solving contexts relating to working capital management do not exist in isolation. |
UNIT STANDARD CCFO CONTRIBUTING |
Participating as responsible citizens in the life of local, national and global communities by ensuring that all working capital policies within the public sector are adhered to. |
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 | 49554 | National Diploma: Public Finance Management and Administration | Level 5 | NQF Level 05 | Reregistered | 2023-06-30 | LG 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. | Afriwealth Consulting |
2. | Akadon Trading (Pty) Ltd |
3. | All Access Holdings |
4. | Alpha Business Consultants |
5. | Bantubanye Skills |
6. | BESO Business Empowerment Solutions CC |
7. | Bikologix Projects |
8. | Bokatoka Construction and Projects |
9. | Camblish Training Institute |
10. | Concepts of Sustainable Management (CSM) |
11. | Cradle Stars Trading Enterprise |
12. | Elective Training Institute Enterprise CC |
13. | Eskilz College (Pty) Ltd |
14. | ETAMIC PTY LTD |
15. | Excellent Minds Institute (Pty) Ltd |
16. | Falcon Business Institute (PTY |
17. | GATYANA TRAINING ACADEMY |
18. | Giant Alive Services |
19. | Glere Skills and Consultants |
20. | GOBELA CONSULTING |
21. | Hadima Training Academy |
22. | Health Science Academy |
23. | Hlombe and Associates |
24. | IGKM Management Services (Pty) Ltd |
25. | Ikhaya Training and Consulting |
26. | Inafrica General Trading Pty LTD |
27. | Institute of Public Affairs and Governance PTY (LTD) |
28. | Isiphephelo Consultants |
29. | Itumeleng Wellness Solutions |
30. | Johsie Enertprise |
31. | Josmap Training Institute |
32. | LMMM Training and Development |
33. | Mafamawethu Consultants |
34. | Makgoka Development Facilitation (PTY) Ltd. |
35. | Mamuhle Academy |
36. | Maritime Business Institute |
37. | MARS Business Consulting |
38. | Mission Point Consulting |
39. | MJ Mafunisa Consulting (PTY) LTD |
40. | MML Consulting CC. |
41. | MTK Corporate Solutions |
42. | MUHANGWENE DEVELOPMENT ENTERPRISE |
43. | Nalengmokoni Investors (Pty) Ltd |
44. | Nkqubela Community Developers |
45. | Nonunu Projects |
46. | Nvsion Consulting |
47. | Onyx Training Support |
48. | Outeniqua Leadership Institute |
49. | Pebetse Training and Consulting |
50. | Pioneer Business Consulting |
51. | PMA Holdings (PTY ) LTD. |
52. | Princetop Corporative Training (Pty) Ltd |
53. | Progressive School of Business and Engineering (Pty) |
54. | PTDEV (Pty) Ltd |
55. | Pulakgadi Training Consulting CC |
56. | RCG Markets |
57. | Reflections Development Institute |
58. | Regent Business School (Pty) Ltd t/a Regent Business School |
59. | Silalele Consulting CC. |
60. | South African Corporate Training Association |
61. | Tachfin Holdings |
62. | Talent Centre Training |
63. | Tasc Business Consulting and Training |
64. | TCNS Resources (PTY) Ltd |
65. | The Crimson CO CC. |
66. | The National School of Government |
67. | Thinking Mind Trading |
68. | Thubelihle Graduate Institute |
69. | Thuto-Boswa Education and Training Solution |
70. | Tloumogale Business Development & Consulting |
71. | Transafric Consulting Pty Ltd |
72. | Tshepang Consulting & Project |
73. | Tummo Development Enterprise |
74. | TWINMARK STRATEGY AND MANAGEMENT CONSULTANTS |
75. | Ubuqhawe Consulting (Pty) Ltd |
76. | UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD |
77. | Vibra Skills CC. |
78. | Vicmat Consultants |
79. | Vumilia Africa Group |
80. | Wasteng (PTY) Ltd |
81. | WEINVEST INVESTMENT CC |
82. | World Pace Development and Training Institute |
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. |