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: 

Evaluate and apply the processes of planning and control as it relates to corporate strategy, budgeting, pricing decision, standard costing and decentralised control 
SAQA US ID UNIT STANDARD TITLE
13070  Evaluate and apply the processes of planning and control as it relates to corporate strategy, budgeting, pricing decision, standard costing and decentralised control 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
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  Level 7  Level TBA: Pre-2009 was L7  14 
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 
People credited with this unit standard are able to apply and comment on the concepts of corporate strategy, budgeting, the pricing decision, decentralised control and standard costing as they relate to the processes of planning and control. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Unit standard, Apply the processes of planning and control, NQF level 6. 

UNIT STANDARD RANGE 
Corporate strategy, budgeting, pricing decision, standard costing and decentralised control 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Discuss corporate strategy and long-term planning. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Corporate strategy and long-term planning are explained and the effects thereof on the budgeting process are discussed in the light of generally accepted accounting practice. 

ASSESSMENT CRITERION 2 
2. Corporate strategy and long term planning are defined within the context of managerial accounting. 

SPECIFIC OUTCOME 2 
Apply and evaluate the concept of budgeting. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. A variety of budgets are compared, discussed and produced (Range: Responsibility centres, Master, capital, cash and subsidiary budgets, Fixed and flexible budgets, Zero based budgeting, Activity based budgeting) according to accepted accounting practice. 

ASSESSMENT CRITERION 2 
2. The applications of a zero-based budget are evaluated in line with accepted accounting procedures. 

SPECIFIC OUTCOME 3 
Discuss the pricing decision. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The optimal selling price is discussed, using the economists' model. 

ASSESSMENT CRITERION 2 
2. The influence of market demands, attributes of cost and production patterns, price elasticity and economy of scales on the determination of selling prices are explained in line with generally accepted accounting policies. 

ASSESSMENT CRITERION 3 
3. Price penetration, price skimming and target costing as pricing policies are explained in line with the principles of costing. 

SPECIFIC OUTCOME 4 
Evaluate and determine the concept of decentralised control. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The advantages and disadvantages of a decentralised control system are discussed per generally accepted accounting policies. 

ASSESSMENT CRITERION 2 
2. The choice between cost, profit and investments centres is explained in terms of generally accepted accounting principles. 

ASSESSMENT CRITERION 3 
3. The performance of decentralised units is measured by applying the return on investment and residual income methods. 

ASSESSMENT CRITERION 4 
4. The aims of transfer pricing are explained in accordance with the principles of accounting. 

ASSESSMENT CRITERION 5 
5. Optimal transfer prices, under conditions of spare capacity are determined in line with generally accepted accounting practices. 

ASSESSMENT CRITERION 6 
6. The existence of limiting factors is determined according to generally accepted accounting practice. 

SPECIFIC OUTCOME 5 
Apply the concept of standard costing. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The objectives of a standard costing system are explained in line with the principles of costing. 

ASSESSMENT CRITERION 2 
2. A standard costing system is designed and standards to be used are determined according to costing procedures. 

ASSESSMENT CRITERION 3 
3. A variance analysis is prepared by calculating the variances using accepted costing methods. 
ASSESSMENT CRITERION RANGE 
Including job and process costing systems and variable and absorption costing approaches
 

ASSESSMENT CRITERION 4 
4. A report on the variance analysis is prepared in line with the principles of costing. 

ASSESSMENT CRITERION 5 
5. A reconciliation of budgeted profit to actual profit is prepared and variances are accounted for in line with the principles of costing. 

ASSESSMENT CRITERION 6 
6. Variances are investigated and the reasons for them are determined according to costing principles. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor

Moderation activity comments by SGB's, organisations and individuals may be forwarded to NSB03 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
A demonstrated understanding of:
  • Planning and control including: process, concepts of corporate strategy, long-term planning, budgeting, pricing decision, standard costing, decentralised control

    Legal Requirements
  • Generally accepted accounting practice
  • Relevant financial legislation 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Solve problems 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team/group 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematics and language skills in the modes of oral and written presentations 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically 

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

    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  63711   Bachelor of Geographical Information Science (GISc)  Level 7  NQF Level 07  Reregistered  2018-06-30   
    Elective  63689   Bachelor of Arts: Geographical Information Science  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2018-06-30   


    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.