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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Apply knowledge of finance, accountancy, bookkeeping and tax to a specific small business 
SAQA US ID UNIT STANDARD TITLE
336055  Apply knowledge of finance, accountancy, bookkeeping and tax to a specific small business 
ORIGINATOR
SGB Sport 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 02 - Culture and Arts Sport 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  20 
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 
Learners working towards this unit standard will be working within a specific small business environment, specialising in retailing, the provision of additional specialised services and event management, where the acquisition of competence against this standard will add value to one`s job. This unit standard will also add value to individuals who are seeking to develop a career pathway towards an accomplished sports management and sports administration specialist.

The qualifying learner is capable of:
  • Demonstrating an understanding of key finance concepts applicable to financing a specific small business.
  • Demonstrating an understanding of bookkeeping concepts for keeping the books of a specific small business.
  • Demonstrating an understanding of key accounting records used in the financial management of a specific small business.
  • Demonstrating an understanding of the tax system applicable to a specific small business. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners accessing this unit standard are competent in:
  • Communication at NQF Level 4.
  • Mathematical Literacy at NQF Level 4.
  • Computer Literacy at NQF Level 3. 
    		•

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate an understanding of key finance concepts applicable to financing a specific small business. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The sources of finance are identified and explained within the context of a specific small business. 
    ASSESSMENT CRITERION RANGE 
    Sources include, but are not limited to, savings, borrowing on short, medium and long term and retained earnings.
     

    ASSESSMENT CRITERION 2 
    The factors affecting the choice of sources of finance are identified and explained with examples. 
    ASSESSMENT CRITERION RANGE 
    Factors include, but are not limited to, business form, purpose, timescale, amount, collateral, cost, control and risk.
     

    ASSESSMENT CRITERION 3 
    The uses of funds are identified and explained within the context of a specific small business. 
    ASSESSMENT CRITERION RANGE 
    Uses include, but are not limited to, payments in respect of fixed assets, debtors, creditors, overheads and staff cost.
     

    ASSESSMENT CRITERION 4 
    Knowledge of the use, layout of a balance sheet is demonstrated in the context of a specific small business. 

    ASSESSMENT CRITERION 5 
    The concept of 'working capital' is understood and measures taken to control the amount needed in a business are explained in the context of a specific small business. 
    ASSESSMENT CRITERION RANGE 
    Measures include, but are not limited to, stock levels creditors and debtors.
     

    ASSESSMENT CRITERION 6 
    The purpose of cash flow forecasts and statements are understood and explained with examples from a specific small business. 

    SPECIFIC OUTCOME 2 
    Demonstrate an understanding of bookkeeping concepts for keeping the books of a specific small business. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Bookkeeping is defined and the purposes and importance of keeping accounts are explained in the context of a specific small business. 

    ASSESSMENT CRITERION 2 
    Basic bookkeeping entries in various account types are understood and explained with examples. 
    ASSESSMENT CRITERION RANGE 
    Entries include debit and credit entries and types include asset, equity, income and expenses, profit and loss statement.
     

    ASSESSMENT CRITERION 3 
    The entries into, and balancing of, cash and analysis books are understood and demonstrated in the context of a specific small business. 
    ASSESSMENT CRITERION RANGE 
    Entries include, but are not limited to, receipts payments, VAT, invoice entries.
     

    ASSESSMENT CRITERION 4 
    A basic awareness of computer based accounting systems is demonstrated in the context of their use in a specific small business. 
    ASSESSMENT CRITERION RANGE 
    Systems include, but are not limited to spreadsheets, accounting software packages.
     

    SPECIFIC OUTCOME 3 
    Demonstrate an understanding of key accounting records used in the financial management of a specific small business. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Concepts relating to and the determination of profit and loss in an accounting system is understood and described with examples. 
    ASSESSMENT CRITERION RANGE 
    Concepts include, but are not limited to, cash, profit, cost of goods sold, gross profit and net profit.
     

    ASSESSMENT CRITERION 2 
    The concepts and process of budgeting, types of budgets, their importance and use in financial forecasting are understood and demonstrated in the context of a specific small business. 
    ASSESSMENT CRITERION RANGE 
    Types of budgets include, but are not limited to, operating, cash and capital.
     

    ASSESSMENT CRITERION 3 
    Financial calculations use to interpret accounting information are identified and the nature of the information explained with examples from a specific small business. 
    ASSESSMENT CRITERION RANGE 
    Calculations include, but are not limited to, ratio analysis, profitability ratio, efficiency ratios, stock turnover, sales and profit to shop size, liquidity ratios, acid test ratio, and payment periods.
     

    SPECIFIC OUTCOME 4 
    Demonstrate an understanding of the tax system applicable to a specific small business. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Taxes and the tax system are understood and explained, in broad terms. 

    ASSESSMENT CRITERION 2 
    The Value Added Tax (VAT) system is understood and its workings explained. 

    ASSESSMENT CRITERION 3 
    The records required for VAT purposes are identified their purposes described. 

    ASSESSMENT CRITERION 4 
    VAT returns are completed for submission the tax authority. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Any individual wishing to be assessed (including through Recognition of Prior Learning) against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a 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 an ETQA that has a 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 an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The learner must demonstrate an understanding of:
  • Finances and financial concepts.
  • Bookkeeping and bookkeeping systems.
  • Accounting principles and theories.
  • Sources of finance. 
    		•

    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 analyse and solve problems related to finance and set up suitable bookkeeping, tax and accounting systems for a specific small business. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization or community in order to keep abreast of and report on the latest trends, developments and legislation affecting financing in a specific small business. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to ensure that correct financial protocols and systems are proactively applied in order to manage a specific small business profitably. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information in order to produce comprehensive accounting records. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to collate, interpret and communicate relating to accounting records and financial and bookkeeping systems. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in order to systemise financial management processes in a specific small business. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that financial problem-solving contexts within the golfing context do not exist in isolation and that a variety of economical, internal policy, international rules and nature of the specific small business will impact on this. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by proactively managing finances in a specific small business for profitability. 

    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 
    Articulation Possibilities:

    This unit standard will enable a learner to articulate to other qualifications in Management, Management Services, Business Administration, Finance Management and Administration, Sports Management and Administration. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  73209   National Diploma: Club Professional Golfing  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CATHSSETA 


    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.
     
    NONE 


    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.