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: 

Complete basic business calculations 
SAQA US ID UNIT STANDARD TITLE
117887  Complete basic business calculations 
ORIGINATOR
SGB Retail and Wholesale 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Wholesale and Retail 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 2  NQF Level 02 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2015-07-01  2018-06-30  SAQA 10105/14 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2019-06-30   2022-06-30  

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 employees in the wholesale and retail sector and is intended to give them an understanding of the concept of profit and loss and an understanding of basic business financial literacy so they can contribute meaningfully to the control of expenses and generation of profit within their organsiation.

Persons credited with this unit standard are able to calculate profit, shrinkage and other general wholesale and retail calculations 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that the learner has competent in:
  • Communication at NQF level 1, or equivalent
  • Mathematical Literacy at NQF Level 1, or equivalent 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Complete a basic income statement. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The Income Statement entries - Sales, Cost of Goods Sold, Gross Profit, Expenses, Net Profit, Interest, Tax, Dividends and Retained Income are explained along with their effect on the Net Profits of the organisation. 

    ASSESSMENT CRITERION 2 
    The net profit of an organisation is calculated in an exercise given the necessary figures. 

    ASSESSMENT CRITERION 3 
    The impact of breakages in an outlet are explained in terms of their effect on the profits of the outlet 

    SPECIFIC OUTCOME 2 
    Identify expense requiring improvement. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Different types of expenses are identified and explained as they apply to a wholesale or retail outlet. 

    ASSESSMENT CRITERION 2 
    The causes of increases/decreases in store expenses are explained as applicable to an outlet. 

    ASSESSMENT CRITERION 3 
    Expenses requiring improvement are identified as applicable to an income statement provided. 

    SPECIFIC OUTCOME 3 
    Identify ways to reduce shrinkage. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The effect of shrinkage on an outlet is explained in terms of its impact on the profits of the outlet/business. 

    ASSESSMENT CRITERION 2 
    The method for calculating shrinkage in the business is explained along with the various entries in the calculation. 

    ASSESSMENT CRITERION 3 
    General methods for reducing shrinkage are explained as they apply to the industry 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Programmes leading to the award of credits from this unit standard will be accredited by the SETA in its ETQA role. Anyone assessing a learner against this unit standard must be registered as an assessor with the ETQA.

    Internal Moderations will be performed by the Accredited Providers whilst the ETQA will perform external moderations of assessments across the Accredited Providers according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The required entries on a basic income statement.
  • How each entry affects the profits of the business.
  • The method for calculating the Net Profit of a business.
  • The impact of breakages on the profits of an outlet
  • Wholesale and retail outlet expenses.
  • Causes of outlet expenses increasing/decreasing.
  • How to analyse the expenses of an outlet.
  • The financial effect of shrinkage on the profits of a business.
  • Organisational methods for calculating shrinkage.
  • General methods in the industry for reducing shrinkage 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Solving problems

    Relates to the following specific outcomes and assessement criteria:
    Identify expense requiring improvement
  • Expenses requiring improvement are identified as applicable to an income statement provided

    Identify ways to reduce shrinkage
  • General methods for reducing shrinkage are explained as they apply to the industry 

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

    Relates to the following specific outcomes and assessement criteria:

    Complete a basic income statement.
  • The net profit of an organisation is calculated in an exercise given the necessary figures.

    Identify expense requiring improvement
  • Different types of expenses are identified and explained as they apply to a wholesale or retail outlet.
  • Expenses requiring improvement are identified as applicable to an income statement provided.

    Identify ways to reduce shrinkage
  • The effect of shrinkage on an outlet is explained in terms of its impact on the profits of the outlet/business. 

  • UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively

    Relates to the following specific outcomes and assessement criteria:

    Identify expense requiring improvement
  • Expenses requiring improvement are identified as applicable to an income statement provided 

  • UNIT STANDARD CCFO DEMONSTRATING 
    Understand the world as a set of related systems

    Relates to the following specific outcomes and assessement criteria:

    Complete a basic income statement.
  • The Income Statement entries - Sales, Cost of Goods Sold, Gross Profit, Expenses, Net Profit, Interest, Tax, Dividends and Retained Income are explained along with their effect on the Net Profits of the organisation.

    Identify expense requiring improvement
  • The causes of increases/decreases in store expenses are explained as applicable to an outlet

    Identify ways to reduce shrinkage
  • The effect of shrinkage on an outlet is explained in terms of its impact on the profits of the outlet/business. 

  • 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  58206   National Certificate: Wholesale and Retail Operations  Level 2  NQF Level 02  Reregistered  2018-06-30  W&RSETA 
    Elective  71751   General Education and Training Certificate: Adult Basic Education and Training  Level 1  NQF Level 01  Reregistered  2018-06-30  As per Learning Programmes recorded against this Qual 
    Elective  50307   National Certificate: Bread and Flour Confectionery Baking  Level 2  NQF Level 02  Reregistered  2018-06-30  FOODBEV 
    Elective  49280   National Certificate: Wholesale and Retail Distribution  Level 2  NQF Level 02  Reregistered  2018-06-30  W&RSETA 


    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. 2013/077851/07 South Africa (Pty) Ltd 
    2. 2Inspire skills Training 
    3. AboutLearning 
    4. Aboutlearning Pty Ltd 
    5. Aluwa Training 
    6. Anchor Yeast Baking School (Pty) Ltd 
    7. Award Media (Pty) Ltd T/A Award Training (PORT ELIZABETH) (TP) 
    8. Boxer Superstores (Pty) Ltd 
    9. BPC HR Consultants 
    10. Braune Training (Pty) Ltd 
    11. C C S SKills Development 
    12. CAPE COLLEGE 
    13. Centre For Business Education & Training 
    14. College of Cape Town - City Campus 
    15. Contra-Lit Pty Ltd 
    16. Creative Thinking Trading 524 
    17. Dumelang Umonde (Pty) Ltd 
    18. Gemini Training And Development Pty Ltd 
    19. Glendinning Management Consultants SA (Pty) Ltd 
    20. Golden Ratio College (Pty) Ltd 
    21. Guest Resource Services (Pty) Ltd 
    22. HPS ACADEMY (PTY) LTD 
    23. Khangela Hygiene Services 
    24. KINGSBURY INTERNATIONAL COLLEGE SA (PTY) LTD (Middelburg)(TP) 
    25. Lightbrary Development Solutions Pty Ltd 
    26. Liza Gresse Consulting 
    27. Lizanne's Training and Development Solutions CC 
    28. Mahlasedi Training Matters 
    29. Marrian Ridge Computer Centre (Pty) Ltd 
    30. Martiq 1223 cc 
    31. Michris Consulting And Global Skills 
    32. Nela Kahle 80 cc 
    33. New Clicks South Africa (Pty) Ltd 
    34. NOFESA cc 
    35. Northlink College - Tygerberg Campus 
    36. Occupation-Defined Learning 
    37. Open Learning Group (Pty) Ltd 
    38. Owl Business Training (Pty) Ltd 
    39. Passionate About People 
    40. Phekgole Trading Enterprise 
    41. Primeserv Corporate Solutions (Pty) Ltd 
    42. PRIMESERV CORPORATE SOLUTIONS (PTY) LTD T/A PRIMESERV HR SOLUTIONS 
    43. REATS Training Services 
    44. Resonance Institue of Learning 
    45. SDTSA Training Providers 
    46. Shoprite Checkers 
    47. South Cape Public FET College - George Campus 
    48. Southern Ambition 653 CC 
    49. SOUTHPRO SKILLS DEVELOPMENT 
    50. SSD Consultants 
    51. Super Movers Training Academy 
    52. Sylman Training Consultants 
    53. Thahameso Training and Development Services 
    54. The Iscariota Group (Pty) Ltd 
    55. Thutoboswa 
    56. Truworths Ltd 
    57. UBUHLE HR & Management Consultants 
    58. Vumbhoni Trading (Pty) Ltd 
    59. Woolworths Pty Ltd 



    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.