SAQA

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SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:

Evaluate and apply the processes of planning and control as it relates to corporate strategy, budgeting, pricing decision, standard costing and decentralised control

SAQA US ID	UNIT STANDARD TITLE
13070	Evaluate and apply the processes of planning and control as it relates to corporate strategy, budgeting, pricing decision, standard costing and decentralised control
ORIGINATOR
SGB HET Accountancy and Financial Management
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA
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	Level 7	Level TBA: Pre-2009 was L7	14
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

People credited with this unit standard are able to apply and comment on the concepts of corporate strategy, budgeting, the pricing decision, decentralised control and standard costing as they relate to the processes of planning and control.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Unit standard, Apply the processes of planning and control, NQF level 6.

UNIT STANDARD RANGE

Corporate strategy, budgeting, pricing decision, standard costing and decentralised control

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Discuss corporate strategy and long-term planning.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Corporate strategy and long-term planning are explained and the effects thereof on the budgeting process are discussed in the light of generally accepted accounting practice.

ASSESSMENT CRITERION 2

2. Corporate strategy and long term planning are defined within the context of managerial accounting.

SPECIFIC OUTCOME 2

Apply and evaluate the concept of budgeting.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. A variety of budgets are compared, discussed and produced (Range: Responsibility centres, Master, capital, cash and subsidiary budgets, Fixed and flexible budgets, Zero based budgeting, Activity based budgeting) according to accepted accounting practice.

ASSESSMENT CRITERION 2

2. The applications of a zero-based budget are evaluated in line with accepted accounting procedures.

SPECIFIC OUTCOME 3

Discuss the pricing decision.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The optimal selling price is discussed, using the economists' model.

ASSESSMENT CRITERION 2

2. The influence of market demands, attributes of cost and production patterns, price elasticity and economy of scales on the determination of selling prices are explained in line with generally accepted accounting policies.

ASSESSMENT CRITERION 3

3. Price penetration, price skimming and target costing as pricing policies are explained in line with the principles of costing.

SPECIFIC OUTCOME 4

Evaluate and determine the concept of decentralised control.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The advantages and disadvantages of a decentralised control system are discussed per generally accepted accounting policies.

ASSESSMENT CRITERION 2

2. The choice between cost, profit and investments centres is explained in terms of generally accepted accounting principles.

ASSESSMENT CRITERION 3

3. The performance of decentralised units is measured by applying the return on investment and residual income methods.

ASSESSMENT CRITERION 4

4. The aims of transfer pricing are explained in accordance with the principles of accounting.

ASSESSMENT CRITERION 5

5. Optimal transfer prices, under conditions of spare capacity are determined in line with generally accepted accounting practices.

ASSESSMENT CRITERION 6

6. The existence of limiting factors is determined according to generally accepted accounting practice.

SPECIFIC OUTCOME 5

Apply the concept of standard costing.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The objectives of a standard costing system are explained in line with the principles of costing.

ASSESSMENT CRITERION 2

2. A standard costing system is designed and standards to be used are determined according to costing procedures.

ASSESSMENT CRITERION 3

3. A variance analysis is prepared by calculating the variances using accepted costing methods.

ASSESSMENT CRITERION RANGE

Including job and process costing systems and variable and absorption costing approaches

ASSESSMENT CRITERION 4

4. A report on the variance analysis is prepared in line with the principles of costing.

ASSESSMENT CRITERION 5

5. A reconciliation of budgeted profit to actual profit is prepared and variances are accounted for in line with the principles of costing.

ASSESSMENT CRITERION 6

6. Variances are investigated and the reasons for them are determined according to costing principles.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor

Moderation activity comments by SGB's, organisations and individuals may be forwarded to NSB03

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

A demonstrated understanding of:

Planning and control including: process, concepts of corporate strategy, long-term planning, budgeting, pricing decision, standard costing, decentralised control

Legal Requirements

Generally accepted accounting practice

Relevant financial legislation

UNIT STANDARD DEVELOPMENTAL OUTCOME

N/A

UNIT STANDARD LINKAGES

N/A

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO IDENTIFYING

Solve problems

UNIT STANDARD CCFO WORKING

Work effectively with others as a member of a team/group

UNIT STANDARD CCFO ORGANISING

Organise and manage oneself and one's activities responsibly and effectively

UNIT STANDARD CCFO COLLECTING

Collect, organise and critically evaluate information

UNIT STANDARD CCFO COMMUNICATING

Communicate effectively using visual, mathematics and language skills in the modes of oral and written presentations

UNIT STANDARD CCFO SCIENCE

Use science and technology effectively and critically

UNIT STANDARD CCFO DEMONSTRATING

Demonstrate an understanding of the world as a set of related systems

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	63711	Bachelor of Geographical Information Science (GISc)	Level 7	NQF Level 07	Passed the End Date - Status was "Reregistered"	2018-06-30
Elective	63689	Bachelor of Arts: Geographical Information Science	Level 6	Level TBA: Pre-2009 was L6	Passed the End Date - Status was "Reregistered"	2018-06-30

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.

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