SAQA

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SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:

Advise on the function of financial management

SAQA US ID	UNIT STANDARD TITLE
13097	Advise on the function of financial management
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	16
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 discuss the objectives of the firm, analyse financial statements and make strategic financial decisions as part of the financial management process.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Unit standard, Prepare and analyse financial reports for different types of business entity, NQF level 6.

Unit standard, Advise and report on schemes for changes in the form and capital structure of an entity, NQF 6.

UNIT STANDARD RANGE

N/A

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Discuss the objectives of business entities.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The role of the financial manager in the wealth creation process is discussed according to accepted principles of financial management.

ASSESSMENT CRITERION 2

2. The maximisation of shareholder's value as an objective of the firm is explained in accordance with the principles of financial management.

SPECIFIC OUTCOME 2

Apply the principles of strategic planning and design an organisational structure.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. An appropriate strategic planning model is suggested.

ASSESSMENT CRITERION 2

2. Organisational goals are formulated and evaluated.

ASSESSMENT CRITERION 3

3. An appropriate approach for strategy formulation is suggested.

ASSESSMENT CRITERION 4

4. The impact of the environment on strategic planning is analysed.

ASSESSMENT CRITERION 5

5. The proposed strategic plan is evaluated.

ASSESSMENT CRITERION 6

6. An appropriate approach for the implementation of the strategic plan is suggested.

ASSESSMENT CRITERION 7

7. An organisational structure to match the strategy is recommended.

ASSESSMENT CRITERION 8

8. An appropriate organisational structure is designed.

SPECIFIC OUTCOME 3

Make strategic financial management decisions.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Knowledge about the different forms of a business organisation is applied.

ASSESSMENT CRITERION 2

2. Knowledge about the environmental factors affecting the organisation is applied.

ASSESSMENT CRITERION 3

3. The concept of the efficient market is applied.

ASSESSMENT CRITERION 4

4. Knowledge concerning the effect of the socio-economic conditions of the environment on the organisation is applied.

ASSESSMENT CRITERION 5

5. The concept of agency and the effect thereof on the strategic financial management of the organisation is applied.

ASSESSMENT CRITERION 6

6. The impact of corporate governance on the strategic financial management process is discussed.

SPECIFIC OUTCOME 4

Prepare financial statement analysis.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Financial statement analysis is explained in detail.

ASSESSMENT CRITERION 2

2. Calculations are performed using specified formulae to prepare for financial statement analysis.

ASSESSMENT CRITERION 3

3. Financial statement analysis is prepared, ensuring all elements of analysis have been addressed.

ASSESSMENT CRITERION RANGE

objectives, ratios, discussion and conclusions

ASSESSMENT CRITERION 4

4. Conclusions drawn include clear and sufficient justification and rationale.

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, financial statements

Legal Requirements:

The Companies Act

GRAP (Generally Recognised Accounting Practice)

GAMAP (Generally Accepted Management Accounting Practice)

GAAP (Generally Accepted Accounting Practice)

PFMA (Public Finance Management Act)

The Treasury regulations

The Municipal Finance Act (once promulgated)

The Close Corporations 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 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 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.

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