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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Describe and apply the management of stock and fixed assets in a business unit 
SAQA US ID UNIT STANDARD TITLE
13945  Describe and apply the management of stock and fixed assets in a business unit 
ORIGINATOR
SGB Generic Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Generic Management 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular-Fundamental  Level 4  NQF Level 04 
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 managers of small businesses and junior managers of business units in larger organisations. It provides the background necessary to understand the management of assets and stock in a business unit. The term business unit in this unit standard implies a small business, cost centre, section or department.

Junior managers include, but are not limited to team leaders, supervisors, first line managers and section heads. The positionor term is used to describe the first level of management in an organisation at which an employee has other employees reporting to him/her.

The qualifying learner is capable of:
  • Differentiating between fixed assets and stock in a business unit.
  • Explaining the influence that stock management can have on the profitability of a business.
  • Explaining the management of fixed assets in a business unit.
  • Applying the basic principles of stock and fixed asset management to a business unit. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this unit standard. Learners should be competent in Communication and Mathematical Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    Basic management of stock and fixed assets at the level of a junior manager. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Differentiate between fixed assets and stock in a business unit. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The concepts of fixed assets and stock are explained with examples. 

    ASSESSMENT CRITERION 2 
    2. The different fixed assets in a business unit are identified and an indication is given of the purpose of each asset in the business unit. 

    ASSESSMENT CRITERION 3 
    3. Stock in a business unit is identified and a list is compiled of the stock usually needed in a business unit. 

    ASSESSMENT CRITERION 4 
    4. The problems that occur in a specific business unit if there is insufficient stock are indicated and a plan is compiled to ensure that the required stock is available when needed. 

    ASSESSMENT CRITERION 5 
    5. Problems if a business unit has too much stock are explained and an indication is given of how stockpiling impacts on the bottom line of the business. 

    SPECIFIC OUTCOME 2 
    Explain the influence that stock management can have on the profitability of a business. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The need for stock control is explained with reference to fraud, theft, carelessness and ensuring sufficient stock. 

    ASSESSMENT CRITERION 2 
    2. Two different ways of managing stock are explained with reference to records and stocktaking. 

    ASSESSMENT CRITERION 3 
    3. The importance of quality, quantity, time, price and source in managing stock are explained with examples. 

    ASSESSMENT CRITERION 4 
    4. The rate of stock turnover for a business unit is calculated and an indication is given of how knowing turnover assists in planning. 

    ASSESSMENT CRITERION 5 
    5. An Economic Ordering Quantity Model (EOQ) model is explained and applied to a business unit to calculate the optimum stock level for three items in a business unit. 

    SPECIFIC OUTCOME 3 
    Explain the management of fixed assets in a business unit. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The fixed assets in a business unit are identified from a balance sheet. 

    ASSESSMENT CRITERION 2 
    2. The asset register for a business unit is updated for three case studies. 

    ASSESSMENT CRITERION 3 
    3. The valuation of assets in a business unit is explained with reference to depreciation and investment. 

    ASSESSMENT CRITERION 4 
    4. Reasons for depreciation are explained with examples and an indication is given of the purpose of depreciation. 

    SPECIFIC OUTCOME 4 
    Apply the basic principles of stock and fixed asset management to a business unit. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The risk associated with the management of stock in a business unit is identified and quantified in terms of probability and severity. 

    ASSESSMENT CRITERION 2 
    2. The risk associated with the management of fixed assets in a business unit is identified and quantified in terms of probability and severity. 

    ASSESSMENT CRITERION 3 
    3. A system for managing stock in a business unit is applied with reference to ensuring sufficient stock, control of costs and the value of the stock. 

    ASSESSMENT CRITERION 4 
    4. A plan is designed to minimize the risk associated with fixed assets in a business unit. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Assessment of this Unit Standard should be contextual and practical.
  • Assessors must be registered as an assessor with the Services ETQA or an ETQA that represents the sectors in which the learner is employed.
  • Moderators must be registered as assessors with the Services ETQA, or with an ETQA that has a Memorandum of Understanding with the Services ETQA.
  • The mechanisms and requirements for moderation should be applied in accordance with the requirements of the relevant ETQA.
  • Assessment should include both formative and summative assessment.
  • Training providers must be accredited by the Services ETQA or with an ETQA that has a Memorandum of Understanding with the Services ETQA. 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO ORGANISING 
    Learners can manage themselves and their activities responsibly and effectively in proposing ways of managing stock and fixed assets in a business unit.

    Learners are able to make decisions in suggesting ways of evaluating the probability and severity of risk associated with the management of fixed assets and stock and designing plans to minimise the risk. 

    UNIT STANDARD CCFO COLLECTING 
    Learners are able to collect, organise and evaluate information when identifying stock and fixed assets in a business unit. 

    UNIT STANDARD CCFO COMMUNICATING 
    Learners are able to communicate effectively and responsibly when explaining the basic management of stock and fixed assets. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Learners are able to demonstrate an understanding of the world as a set of related systems recognising the relationship between the management of stock and fixed assets and the profitability of a business. 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  61595   Further Education and Training Certificate: Business Administration Services  Level 4  NQF Level 04  Reregistered  2018-06-30  As per Learning Programmes recorded against this Qual 
    Core  61450   Further Education and Training Certificate: Film and Television Production Operations  Level 4  NQF Level 04  Reregistered  2018-06-30  MICTS 
    Core  65110   Further Education and Training Certificate: Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2009-03-14  As per Learning Programmes recorded against this Qual 
    Core  61709   Further Education and Training Certificate: Water and Wastewater Treatment Process Control Supervision  Level 4  NQF Level 04  Reregistered  2018-06-30  EWSETA 
    Core  48910   Further Education and Training Certificate: Water Purification Processes  Level 4  NQF Level 04  Reregistered  2018-06-30  EWSETA 
    Elective  66249   Further Education and Training Certificate: New Venture Creation  Level 4  NQF Level 04  Reregistered  2018-06-30  SERVICES 
    Elective  23953   Further Education and Training Certificate: New Venture Creation (SMME)  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2009-05-13  Was SERVICES until Last Date for Achievement 
    Elective  57613   Further Education and Training Certificate: Short-Term Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  INSETA 
    Elective  65529   Further Education and Training Certificate: Transport Operations  Level 4  NQF Level 04  Reregistered  2018-06-30  TETA 
    Elective  24197   National Certificate: Corrections Science  Level 4  Level TBA: Pre-2009 was L4  Passed the End Date -
    Status was "Reregistered" 
    2009-02-18  Was SAS SETA until Last Date for Achievement 
    Elective  20884   National Certificate: New Venture Creation (SMME)  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2005-04-10   
    Elective  24396   National Certificate: Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2006-10-08  Was INSETA until Last Date for Achievement 
    Elective  57631   National Certificate: Radiation Protection  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2018-06-30  EWSETA 
    Elective  74149   National Certificate: Supply Chain Management  Level 5  NQF Level 05  Reregistered  2018-06-30  TETA 


    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. Academics Dynamics (Pty) Ltd 
    2. BPL Academy 
    3. Business Management Training College of Southern Africa 
    4. College for Business and Maritime Studies 
    5. Global Maritime Legal Solutions (Pty) Ltd 
    6. Institute for Quality cc 
    7. MAREMATLOU TRADING CC 
    8. METRO MINDS 
    9. MTL TRAINING AND PROJECTS 
    10. REGEN TECHNICAL INSTITUTE 
    11. School of Shipping 
    12. Skills Development Specialists 
    13. Y-2-K Customs Consultants 



    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.