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 THAT HAS PASSED THE END DATE: 

Apply and evaluate the function of financial management as it relates to the objective of the firm, strategic financial management and financial statement analysis 
SAQA US ID UNIT STANDARD TITLE
13071  Apply and evaluate the function of financial management as it relates to the objective of the firm, strategic financial management and financial statement analysis 
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  8 
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
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 
People credited with this unit standard are able to identify the objective of the firm, explain the term strategic financial management and advise on and evaluate financial statement analysis, in relation to the function of financial management. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Unit standard, Prepare financial statement analysis, NQF level 6 

UNIT STANDARD RANGE 
A person may exhibit this competence in the private and/ or the public sector.
Objective of the firm, strategic financial management and financial statement analysis. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Discuss the objective of the firm. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The role of the financial manager in the wealth creation process of the firm is commented on in line with generally accepted management principles. 

ASSESSMENT CRITERION 2 
2. Whether the shareholders value maximisation should be the prime objective of the firm is debated in line with the principles and objectives of the firm and financial management. 

SPECIFIC OUTCOME 2 
Discuss strategic financial management. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The different forms of a business organisation are defined per generally accepted accounting definitions. 

ASSESSMENT CRITERION 2 
2. The environmental factors affecting the organisation are discussed in the light of current business and accounting trends. 

ASSESSMENT CRITERION 3 
3. The concept of the efficient market is explained per the generally accepted accounting definition. 

ASSESSMENT CRITERION 4 
4. The effect of the socio-economic conditions of the environment on the strategic financial management of the organisation is described in the light of current business and accounting trends. 

ASSESSMENT CRITERION 5 
5. The concept of agency and the effect thereof on the strategic financial management of the organisation is discussed in the light of current accounting trends. 

SPECIFIC OUTCOME 3 
Advise on and evaluate financial statement analysis. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. Financial statements for purposes of forecasting the future prospects of the firm are analysed in accordance with recognised accounting procedures. 

ASSESSMENT CRITERION 2 
2. The results of financial statement analysis are interpreted and advice is provided to clients in a meaningful manner. 


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:
  • Financial management including: objective of the firm, strategic financial management, financial statement analysis

    Legal Requirements
  • GAAP - Generally accepted accounting practice
  • GAMAP - Generally accepted management accounting practice
  • GRAP - Generally recognised accounting practice
  • Relevant financial legislation
  • PFMA - Public Finance Management Act 
    		•

    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 CCFO CONTRIBUTING 
    Contribute to the full personal development of each learner and the social and economic development of society at large 

    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  58012   National Certificate: Disaster Risk Management  Level 7  NQF Level 07  Passed the End Date -
    Status was "Reregistered"     		 2018-12-31  CHE 


    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.