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: 

Demonstrate knowledge and understanding of the business cycle in a small business 
SAQA US ID UNIT STANDARD TITLE
120107  Demonstrate knowledge and understanding of the business cycle in a small business 
ORIGINATOR
SGB Administration 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
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-Fundamental  Level 3  NQF Level 03  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
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 
The purpose of this unit standard is that learners are able to operate in a business environment, with regard for the business cycle. This includes considering the importance of expenditure, revenue, profits, losses and cash flow control. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that learners are competent in:
  • Mathematical Literacy at NQF Level 2
  • Communication at NQF level 2 or equivalent 

  • UNIT STANDARD RANGE 
    This unit standard relates to a small or micro business only. Assessments can be completed using computer systems should they apply to the company concerned. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Determine and explain profits and losses. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The various types of profit or loss is determined through the use of a profit and loss statement using a given set of data. 

    ASSESSMENT CRITERION 2 
    The impact of a profit or loss on the business concerned is assessed and presented with examples. 

    ASSESSMENT CRITERION 3 
    Instances where remedial action is necessary are identified and the consequences of not taking the remedial action are explained with examples. 

    ASSESSMENT CRITERION 4 
    Remedies for identified weakness are considered and evaluated in terms of their feasibility for small business. 

    SPECIFIC OUTCOME 2 
    Positively influence turnover. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The role of turnover in the business cycle is explained orally. 

    ASSESSMENT CRITERION 2 
    Income is determined by combining the various types of income in an agreed time period, using the cash or accrual system as is appropriate. 

    ASSESSMENT CRITERION 3 
    Expenditure is determined by listing and totalling the various expenses during an agreed time period, using the cash or accrual system as is appropriate. 

    ASSESSMENT CRITERION 4 
    The difference between turnover as a net function of sales, and total income, is explained using examples from a small business. 

    ASSESSMENT CRITERION 5 
    The impact of the turnover and the implications of an increasing or decreasing rate of turnover are assessed in terms of the sustainability of the business. 

    SPECIFIC OUTCOME 3 
    Manage debt and credit. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Debt due to the company is determined by totalling all amounts owed to the business in a debtors age analysis. 

    ASSESSMENT CRITERION 2 
    Outstanding money is collected in an ethical manner. 

    ASSESSMENT CRITERION 3 
    Credit due to various sources, including suppliers and financiers, is assessed by totalling all amounts owed by the business. 

    ASSESSMENT CRITERION 4 
    Creditors are handled ethically by keeping to the credit conditions and repayment schedules agreed to. 

    SPECIFIC OUTCOME 4 
    Assess efficiency and effectiveness of cashflow. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Efficiency of the cash flow of an operation is assessed by reviewing available credit facilities, discounts, repayment scheduling and credit periods available. 

    ASSESSMENT CRITERION 2 
    Effectiveness the cash flow of an operation is assessed by reviewing the management of debtors and creditors and the policies and procedures related thereto. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed against this unit standard (including through RPL) may apply to an assessment agency, assessor or provider institution accredited by the relevant Education and Training Quality Assurance body (ETQA), or one with an appropriate 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 one with an appropriate 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 one with an appropriate memorandum of understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA, or one with an appropriate memorandum of understanding with the relevant ETQA. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Basic financial terminology
  • Basic business concepts 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
  • Additionally, communication is established as an area of development in its own right.
  • Also, aspects of personal development feature throughout the achievement of this unit standard. 

  • UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identifying and solving problems. 

    UNIT STANDARD CCFO WORKING 
    Team and group work. 

    UNIT STANDARD CCFO ORGANISING 
    Organising and managing self within the context of organisational transformation. 

    UNIT STANDARD CCFO COLLECTING 
    Collate, interpret and evaluate information. 

    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
    Elective  67589   National Certificate: Equine Practices  Level 3  NQF Level 03  Reregistered  2023-06-30  CATHSSETA 
    Elective  61669   Further Education and Training Certificate: Community Water, Health and Sanitation Facilitation  Level 4  NQF Level 04  Reregistered  2023-06-30  EWSETA 


    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. ALSTOM JOHN THOMPSON (PTY) LTD CAPE TOWN 
    2. AMBROSER SOLUTIONS (PTY) LTD 
    3. ARBINET TRAINING & DEVELOPMENT 
    4. AZIFANI PROJECTS AND TRANSPORT (PTY) LTD 
    5. BALOMAT SKILLS TRAINING ACADEMY 
    6. EARTH CHILD CONSULTING (PTY) LTD 
    7. EECTRICAL CONTRACTORS ASSOCIATION - ECA 
    8. EMINENCE BUSINESS SOLUTIONS (PTY) LTD 
    9. ESKOM DISTRIBUTION NORTH WESTERN REGION, BLOEMFONTEIN 
    10. IMPILONHLE TRADING & PROJECTS 8 
    11. INFRASTRUCTURE CONSULTING ENGINEERS CC 
    12. INGEN ENGINEERING PROJECTS 
    13. IYANDA HOLDINGS (PTY) LTD 
    14. JOSMAP TRAINING INSTIUTE 
    15. KAREUBO MANAGEMENT SYSTEMS 
    16. Learn A Trade 
    17. MACT BUSINESS HUB 
    18. Milnex - Brakpan 
    19. MMESELANE CONSTRUCTION 
    20. MOVING AHEAD DEVELOPMENT AGENCY 
    21. MUNICIPAL TRAINING & DEVELOPMENT INSTITUTE 
    22. NEW HOPE REVIVAL ORGANISATION 
    23. NKANYEZI FOUNDATION 
    24. PERSEVCON CONSTRUCTION PTY LTD 
    25. Phathutshedzo Connsulting Training Provider 
    26. PRAXIS TRAINING AND CONSULTANCY (PTY) LTD 
    27. ROCKWELL AUTOMATION 
    28. RONNELS CONSTRUCTION PTY LTD 
    29. SOUTH AFRICA ADVANCED SKILLS INSTITUTE 
    30. SOUTHERN AFRICAN YOUTH MOVEMENT 
    31. TRY EASY ELECTRICAL SOLUTIONS (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.