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:

Demonstrate knowledge and understanding of the business cycle in a small business

SAQA US ID	UNIT STANDARD TITLE
120107	Demonstrate knowledge and understanding of the business cycle in a small business
ORIGINATOR
SGB Administration
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-
FIELD			SUBFIELD
Field 03 - Business, Commerce and Management Studies			Finance, Economics and Accounting
ABET BAND	UNIT STANDARD TYPE	PRE-2009 NQF LEVEL	NQF LEVEL	CREDITS
Undefined	Regular-Fundamental	Level 3	NQF Level 03	10
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

The purpose of this unit standard is that learners are able to operate in a business environment, with regard for the business cycle. This includes considering the importance of expenditure, revenue, profits, losses and cash flow control.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

It is assumed that learners are competent in:

Mathematical Literacy at NQF Level 2

Communication at NQF level 2 or equivalent

UNIT STANDARD RANGE

This unit standard relates to a small or micro business only. Assessments can be completed using computer systems should they apply to the company concerned.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Determine and explain profits and losses.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

The various types of profit or loss is determined through the use of a profit and loss statement using a given set of data.

ASSESSMENT CRITERION 2

The impact of a profit or loss on the business concerned is assessed and presented with examples.

ASSESSMENT CRITERION 3

Instances where remedial action is necessary are identified and the consequences of not taking the remedial action are explained with examples.

ASSESSMENT CRITERION 4

Remedies for identified weakness are considered and evaluated in terms of their feasibility for small business.

SPECIFIC OUTCOME 2

Positively influence turnover.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

The role of turnover in the business cycle is explained orally.

ASSESSMENT CRITERION 2

Income is determined by combining the various types of income in an agreed time period, using the cash or accrual system as is appropriate.

ASSESSMENT CRITERION 3

Expenditure is determined by listing and totalling the various expenses during an agreed time period, using the cash or accrual system as is appropriate.

ASSESSMENT CRITERION 4

The difference between turnover as a net function of sales, and total income, is explained using examples from a small business.

ASSESSMENT CRITERION 5

The impact of the turnover and the implications of an increasing or decreasing rate of turnover are assessed in terms of the sustainability of the business.

SPECIFIC OUTCOME 3

Manage debt and credit.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

Debt due to the company is determined by totalling all amounts owed to the business in a debtors age analysis.

ASSESSMENT CRITERION 2

Outstanding money is collected in an ethical manner.

ASSESSMENT CRITERION 3

Credit due to various sources, including suppliers and financiers, is assessed by totalling all amounts owed by the business.

ASSESSMENT CRITERION 4

Creditors are handled ethically by keeping to the credit conditions and repayment schedules agreed to.

SPECIFIC OUTCOME 4

Assess efficiency and effectiveness of cashflow.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

Efficiency of the cash flow of an operation is assessed by reviewing available credit facilities, discounts, repayment scheduling and credit periods available.

ASSESSMENT CRITERION 2

Effectiveness the cash flow of an operation is assessed by reviewing the management of debtors and creditors and the policies and procedures related thereto.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

An individual wishing to be assessed against this unit standard (including through RPL) may apply to an assessment agency, assessor or provider institution accredited by the relevant Education and Training Quality Assurance body (ETQA), or one with an appropriate memorandum of understanding with the relevant ETQA.

Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA, or one with an appropriate memorandum of understanding 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, or one with an appropriate memorandum of understanding with the relevant ETQA.

Moderation of assessment will be conducted by the relevant ETQA, or one with an appropriate memorandum of understanding with the relevant ETQA.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

Basic financial terminology

Basic business concepts

UNIT STANDARD DEVELOPMENTAL OUTCOME

Additionally, communication is established as an area of development in its own right.

Also, aspects of personal development feature throughout the achievement of this unit standard.

UNIT STANDARD LINKAGES

N/A

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO IDENTIFYING

Identifying and solving problems.

UNIT STANDARD CCFO WORKING

Team and group work.

UNIT STANDARD CCFO ORGANISING

Organising and managing self within the context of organisational transformation.

UNIT STANDARD CCFO COLLECTING

Collate, interpret and evaluate information.

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
Elective	67589	National Certificate: Equine Practices	Level 3	NQF Level 03	Passed the End Date - Status was "Reregistered"	2023-06-30	CATHSSETA
Elective	61669	Further Education and Training Certificate: Community Water, Health and Sanitation Facilitation	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	EWSETA

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.	CHILUTSI TRADING ENTERPRISE
2.	ESKOM GENERATION - PALMIET PUMP STORAGE GRABOUW
3.	HAZYVIEW WATER SKILLS ACADEMY
4.	POWER SYSTEMS TRAINING, CAPE TOWN
5.	PROGRESSIVE SCHOOL OF BUSINESS AND ENGINEERING (PTY) LTD
6.	SEANEGO INTERGRATED NATURAL RESOURCES MANAGEMENT
7.	THOBOLOGO TRAINING & EDUCATION GROUP