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: |
Describe and apply the management of stock and fixed assets in a business unit |
SAQA US ID | UNIT STANDARD TITLE | |||
13945 | Describe and apply the management of stock and fixed assets in a business unit | |||
ORIGINATOR | ||||
SGB Generic Management | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | ||||
- | ||||
FIELD | SUBFIELD | |||
Field 03 - Business, Commerce and Management Studies | Generic Management | |||
ABET BAND | UNIT STANDARD TYPE | PRE-2009 NQF LEVEL | NQF LEVEL | CREDITS |
Undefined | Regular-Fundamental | Level 4 | NQF Level 04 | 2 |
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 |
This unit standard is intended for managers of small businesses and junior managers of business units in larger organisations. It provides the background necessary to understand the management of assets and stock in a business unit. The term business unit in this unit standard implies a small business, cost centre, section or department.
Junior managers include, but are not limited to team leaders, supervisors, first line managers and section heads. The positionor term is used to describe the first level of management in an organisation at which an employee has other employees reporting to him/her. The qualifying learner is capable of: |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
There is open access to this unit standard. Learners should be competent in Communication and Mathematical Literacy at NQF Level 3. |
UNIT STANDARD RANGE |
Basic management of stock and fixed assets at the level of a junior manager. |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Differentiate between fixed assets and stock in a business unit. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. The concepts of fixed assets and stock are explained with examples. |
ASSESSMENT CRITERION 2 |
2. The different fixed assets in a business unit are identified and an indication is given of the purpose of each asset in the business unit. |
ASSESSMENT CRITERION 3 |
3. Stock in a business unit is identified and a list is compiled of the stock usually needed in a business unit. |
ASSESSMENT CRITERION 4 |
4. The problems that occur in a specific business unit if there is insufficient stock are indicated and a plan is compiled to ensure that the required stock is available when needed. |
ASSESSMENT CRITERION 5 |
5. Problems if a business unit has too much stock are explained and an indication is given of how stockpiling impacts on the bottom line of the business. |
SPECIFIC OUTCOME 2 |
Explain the influence that stock management can have on the profitability of a business. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. The need for stock control is explained with reference to fraud, theft, carelessness and ensuring sufficient stock. |
ASSESSMENT CRITERION 2 |
2. Two different ways of managing stock are explained with reference to records and stocktaking. |
ASSESSMENT CRITERION 3 |
3. The importance of quality, quantity, time, price and source in managing stock are explained with examples. |
ASSESSMENT CRITERION 4 |
4. The rate of stock turnover for a business unit is calculated and an indication is given of how knowing turnover assists in planning. |
ASSESSMENT CRITERION 5 |
5. An Economic Ordering Quantity Model (EOQ) model is explained and applied to a business unit to calculate the optimum stock level for three items in a business unit. |
SPECIFIC OUTCOME 3 |
Explain the management of fixed assets in a business unit. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. The fixed assets in a business unit are identified from a balance sheet. |
ASSESSMENT CRITERION 2 |
2. The asset register for a business unit is updated for three case studies. |
ASSESSMENT CRITERION 3 |
3. The valuation of assets in a business unit is explained with reference to depreciation and investment. |
ASSESSMENT CRITERION 4 |
4. Reasons for depreciation are explained with examples and an indication is given of the purpose of depreciation. |
SPECIFIC OUTCOME 4 |
Apply the basic principles of stock and fixed asset management to a business unit. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. The risk associated with the management of stock in a business unit is identified and quantified in terms of probability and severity. |
ASSESSMENT CRITERION 2 |
2. The risk associated with the management of fixed assets in a business unit is identified and quantified in terms of probability and severity. |
ASSESSMENT CRITERION 3 |
3. A system for managing stock in a business unit is applied with reference to ensuring sufficient stock, control of costs and the value of the stock. |
ASSESSMENT CRITERION 4 |
4. A plan is designed to minimize the risk associated with fixed assets in a business unit. |
UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
Assessment of this Unit Standard should be contextual and practical.
|
Critical Cross-field Outcomes (CCFO): |
UNIT STANDARD CCFO ORGANISING |
Learners can manage themselves and their activities responsibly and effectively in proposing ways of managing stock and fixed assets in a business unit.
Learners are able to make decisions in suggesting ways of evaluating the probability and severity of risk associated with the management of fixed assets and stock and designing plans to minimise the risk. |
UNIT STANDARD CCFO COLLECTING |
Learners are able to collect, organise and evaluate information when identifying stock and fixed assets in a business unit. |
UNIT STANDARD CCFO COMMUNICATING |
Learners are able to communicate effectively and responsibly when explaining the basic management of stock and fixed assets. |
UNIT STANDARD CCFO DEMONSTRATING |
Learners are able to demonstrate an understanding of the world as a set of related systems recognising the relationship between the management of stock and fixed assets and the profitability of a business. |
REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. |
QUALIFICATIONS UTILISING THIS UNIT STANDARD: |
ID | QUALIFICATION TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | STATUS | END DATE | PRIMARY OR DELEGATED QA FUNCTIONARY | |
Core | 61595 | Further Education and Training Certificate: Business Administration Services | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | As per Learning Programmes recorded against this Qual |
Core | 61450 | Further Education and Training Certificate: Film and Television Production Operations | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MICTS |
Core | 65110 | Further Education and Training Certificate: Management | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2009-03-14 | As per Learning Programmes recorded against this Qual |
Core | 61709 | Further Education and Training Certificate: Water and Wastewater Treatment Process Control Supervision | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | EWSETA |
Core | 48910 | Further Education and Training Certificate: Water Purification Processes | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | EWSETA |
Elective | 66249 | Further Education and Training Certificate: New Venture Creation | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | SERVICES |
Elective | 23953 | Further Education and Training Certificate: New Venture Creation (SMME) | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2009-05-13 | Was SERVICES until Last Date for Achievement |
Elective | 57613 | Further Education and Training Certificate: Short-Term Risk Management | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2012-06-30 | INSETA |
Elective | 65529 | Further Education and Training Certificate: Transport Operations | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | TETA |
Elective | 24197 | National Certificate: Corrections Science | Level 4 | Level TBA: Pre-2009 was L4 | Passed the End Date - Status was "Reregistered" |
2009-02-18 | Was SAS SETA until Last Date for Achievement |
Elective | 20884 | National Certificate: New Venture Creation (SMME) | Level 4 | NQF Level 04 | Passed the End Date - Status was "Registered" |
2005-04-10 | |
Elective | 24396 | National Certificate: Risk Management | Level 4 | NQF Level 04 | Passed the End Date - Status was "Registered" |
2006-10-08 | Was INSETA until Last Date for Achievement |
Elective | 57631 | National Certificate: Radiation Protection | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | EWSETA |
Elective | 74149 | National Certificate: Supply Chain Management | Level 5 | NQF Level 05 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | TETA |
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. | Academics Dynamics (Pty) Ltd |
2. | Aldabri 106 Institute for Quality Pty Ltd |
3. | Alika Investment CC |
4. | BLC Entertainment |
5. | BPL Academy |
6. | Brilliant Skills Development & Training Solutions |
7. | Cherish Forever (Pty) Ltd |
8. | CHILUTSI TRADING ENTERPRISE |
9. | Circleway College |
10. | CITIVIEW TRADING AND PROJECTS |
11. | Correctional Services Dept |
12. | DB Schenker Logistics Campus MEA Pty Ltd |
13. | Dee-Bravo Training Centre |
14. | Ditlou Consulting and Skills Training |
15. | Diversity technology Training Institute |
16. | Edu Wize Group Pty Ltd |
17. | EMANZINI STAFFING SOLUTIONS (PTY) LTD |
18. | End 2 End Supply Chain Academy |
19. | Epitome Villa (Pty)Ltd |
20. | ERGO MAPHELONG INSTITUTE (PTY) LTD |
21. | ERWAT |
22. | EYETHU NATIONAL COMPUTER COLLEGE PTY LTD |
23. | FILM Mentorship & Training SA |
24. | Gauteng City College |
25. | GG SQUARED PROJECTS |
26. | Global Maritime Legal Solutions Pty Ltd |
27. | Greater Tzaneen Community Foundation |
28. | HDPSA GROUP PTY LTD |
29. | HILLCROSS BUSINESS SCHOOL (PTY |
30. | Imperial Logistics & Transport A Div Of Imper |
31. | Information Technology Resource Centre |
32. | K Boneng Consulting Services P |
33. | KGWEBISWANO SUPPLIES & SERVICES |
34. | kholwa management and training consultancy (pty) Ltd |
35. | Khulani HR Consultancy (Pty) Ltd |
36. | KPI Consulting Pty LTD |
37. | Learning Exchange Pty (Ltd) |
38. | Masakhane Training and Consultant (Pty) Ltd |
39. | Metro Minds |
40. | NTANDOYAMI TRADING 137 |
41. | OL Afrika Media |
42. | Open Learning Group |
43. | Peo Entle HIV Wellness Management and Youth Skills Development NPO |
44. | Phephani Learnerships cc |
45. | PIONEER BUSINESS CONSULTING (PTY) LTD |
46. | PMA Holding (Pty) Ltd |
47. | Posh Multimedia |
48. | PROGRESSIVE SCHOOL OF BUSINESS AND ENGINEERING (PTY) LTD |
49. | Quantum Leap College Pty Ltd |
50. | Royal Impression Academy |
51. | SA Maritime School and Transport College |
52. | School of Shipping |
53. | TEST 3_18 March 2019 |
54. | THE SKILLS COLLEGE FOR DEVELOPMENT AND TRAINING(PTY) LTD |
55. | Thobologo Training and Education Group |
56. | Training Consultant and SD College |
57. | TWINMARK STRATEGY AND MANAGEMENT CONSULTANTS |
58. | Varsity Institute of Science & Technology (Pty)Ltd |
59. | Velile Supply Chain Consulting |
60. | VSL General Trading CC |
61. | VUTHLARI MARKETING CONSULTING |
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. |