SOUTH AFRICAN QUALIFICATIONS AUTHORITY by R4ESKfSG

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									                       SOUTH AFRICAN QUALIFICATIONS AUTHORITY
                                REGISTERED UNIT STANDARD:

                                 Manage basic business finance
SAQA US ID                        UNIT STANDARD TITLE
9526                              Manage basic business finance
SGB NAME                          ABET BAND               PROVIDER NAME
SGB Air-conditioning
                                  Undefined
Refrigeration and Ventilation


FIELD DESCRIPTION                                         SUBFIELD DESCRIPTION
Manufacturing, Engineering and Technology                 Engineering and Related Design
                                  UNIT STANDARD
UNIT STANDARD CODE                                        NQF LEVEL               CREDITS
                                  TYPE
MET-ENG-0-SGB ARV                 Regular                 Level 3                 6
                        REGISTRATION END REGISTRATION                             SAQA DECISION
REGISTRATION START DATE
                        DATE             NUMBER                                   NUMBER
2001-06-13                        2004-06-13              9526                    SAQA 0836/01

PURPOSE OF THE UNIT STANDARD
To create a better understanding of the bigger economic environment and basic business principles,
be able to distinguish between needs and want, in business, be able to identify the different taxes
that need to be paid by a business be able to draw up a basic business budget.

LEARNING ASSUMED TO BE IN PLACE
Basic Mathematics.

UNIT STANDARD RANGE
A budget relevant to the business in which the student is employed. Use current South African
currency.


Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1
Describe the bigger economic environment & basic business principles using words, symbols and
graphs
OUTCOME NOTES
Describe the bigger economic environment & basic business principles using words, symbols and
graphs.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1
1. The bigger (macro) economic environment is described using contemporary literature for
guidance.

ASSESSMENT CRITERION 2
2. Basic business principles are described to demonstrate an understanding of profit and loss.

ASSESSMENT CRITERION 3
3. A basic economic cycle is explained.

SPECIFIC OUTCOME 2
Demonstrate an understanding of ordinary taxes business pay in SA and distinguish needs and
wants
OUTCOME NOTES
Demonstrate an understanding of ordinary taxes business pay in South Africa and distinguish needs
and wants in a small, medium and micro enterprise.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1
1. Ordinary taxes paid by businesses in South Africa are identified.

ASSESSMENT CRITERION 2
2. An understanding of why taxes are paid and what they are used for is demonstrated.

ASSESSMENT CRITERION 3
3. The difference between needs and wants of small, medium and micro enterprises are described.

SPECIFIC OUTCOME 3
Draw up a basic budget for a small business and identify ways to practice control

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1
1. All the expenses and planned expenses of a small business are identified (this should be in line
with the type of business).

ASSESSMENT CRITERION 2
2. All the expenses of the business are indicated.

ASSESSMENT CRITERION 3
3. The possible income of the business is predicted.

ASSESSMENT CRITERION 4
4. The layout of the budget is clear and can be easily read and the difference between income and
expenditure debit and credit is indicated and understood.

ASSESSMENT CRITERION 5
5. The control measurements are clear and easy to understand and apply.



UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS
Any person wishing to be assessed against this unit standard may apply to an assessment agency,
assessor or provider institution accredited by the relevant ETQA, who may appoint a moderator to be
present at the assessment.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE
Learners should understand the role and functions of financial institutes.
Unnecessary debt will be avoided, accounts will be paid punctually and ways of growing the business
financially will be examined.


Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO COLLECTING
Collect, analyse, organise and critically evaluate information:

 Drawing up a budget

UNIT STANDARD CCFO DEMONSTRATING
Demonstrate an understanding of the world as a set of related systems:

 Understanding the bigger economic cycle
  UNIT STANDARD CCFO CONTRIBUTING
  Learner and societal development:

   Learning to be financially independent

  UNIT STANDARD NOTES
  Supplementary information:

  Difference between banks and building societies and micro-lenders.
  Learners should be exposed to the economic environment.



All qualifications and unit standards 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.

								
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