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 the current and future financial position of an entity 
SAQA US ID UNIT STANDARD TITLE
242561  Evaluate the current and future financial position of an entity 
ORIGINATOR
SGB Insurance and Investment 
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  Level 6  Level TBA: Pre-2009 was L6 
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 
This Unit Standard is intended for learners who give financial advice or engage in wealth management or financial planning including retirement funding and medical schemes. It requires calculations using a financial calculator to check a financial solution. It is applicable to Financial Planners, Broker Consultants, Fund Administrators, Financial Advisers, Fund Managers, Employee Benefits Consultants and Emigration Consultants who require a high level of insight and give advice on a high level.

The qualifying learner is capable of:
  • Applying knowledge of time value of money to a selected scenario.
  • Determining objectively the needs and provisions of an entity.
  • Comparing the values of different investment instruments over a selected period.
  • Varying the assumptions to interrogate a financial solution.
  • Proposing and substantiating a financial solution to a client.
  • Evaluating a financial proposal. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 4 and are working towards or have a Level 5 Financial Services Qualification or equivalent. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • A financial solution includes, but is not limited to, death, disability, retirement, education and savings.
  • Variables that affect the value of money over time include, but are not limited to, inflation, interest rates, cash flow, term, present value, future value and discount.
  • Cash flow includes income, expenditure and capital.
  • Costs of an investment include administration, fees and commissions. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Apply knowledge of the time value of money to a selected scenario. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Knowledge of variables that affect the value of money over time is applied to different scenarios. 

    ASSESSMENT CRITERION 2 
    The variables are used to calculate the value for different scenarios. 

    SPECIFIC OUTCOME 2 
    Determine objectively the needs and provisions of an entity. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The cash flow of an entity is analysed for various scenarios. 

    ASSESSMENT CRITERION 2 
    A solution is proposed to deal with the identified deficit for different scenarios. 

    ASSESSMENT CRITERION 3 
    Calculations are performed to provide an objective analysis of the needs and provisions of an entity for different scenarios. 

    SPECIFIC OUTCOME 3 
    Compare the values of different investment instruments over a selected period. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Different investment solutions are compared in terms of the potential yield and tax implications. 

    ASSESSMENT CRITERION 2 
    The effect of costs on the value of a proposed investment are illustrated for single and recurring payments. 

    SPECIFIC OUTCOME 4 
    Vary the assumptions to interrogate a financial solution. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Assumptions in a financial calculation are changed to create different scenarios. 

    ASSESSMENT CRITERION 2 
    The results of the scenarios are analysed and interpreted to design a financial solution. 

    SPECIFIC OUTCOME 5 
    Propose and substantiate a financial solution to a client. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A written proposal is produced that includes assumptions, provisions and needs used for calculations. 

    ASSESSMENT CRITERION 2 
    The proposal is explained to a client in plain language. 

    SPECIFIC OUTCOME 6 
    Evaluate a financial proposal. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A financial proposal is analysed to determine whether it meets the client's needs. 

    ASSESSMENT CRITERION 2 
    Possible alternatives are suggested to enhance the proposed solution. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems in which responses show that responsible decisions using critical and creative thinking have been made in proposing and evaluating a financial solution. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information in analysing cash flow and comparing the values of different investments over time. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using visual, mathematics and language skills doing the calculations necessary for an objective analysis. Producing a written proposal and presenting and substantiating a proposal to a client. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use technology effectively and critically in using a \financial calculator and electronic system to propose a financial solution. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems by varying the assumptions to interrogate a financial solution. 

    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 
    Search words: time value of money, financial planning, needs analysis, financial calculations, retirement, education, savings, financial position, financial needs analysis. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  66611   National Certificate: Wealth Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


    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. AFRICAN UNION SKILLS DEVELOPMENT PTY LTD 
    2. ALCARI 233 CC T/A ALCARI (Eversdal)(TP) 
    3. Boland Public FET College - Central Office 
    4. CKP Development Agency (Pty) Ltd. 
    5. COLLEGE OF CAPE TOWN 
    6. College of Cape Town - Central Office 
    7. False Bay College 
    8. Intec College 
    9. Masifunde Training Centre (Pty) Ltd 
    10. North Link College 
    11. Old Mutual Life Assurance Company South Africa 
    12. Ray Strodl Consulting (Pty) Ltd 
    13. Ripple Effect 4 (Pty) Ltd 
    14. Sanlam Life Insurance Ltd 
    15. Sanlam Life Insurance Ltd. 
    16. South Cape College 
    17. South Cape Public FET College - Central Office 
    18. The Institute of Health Risk Managers (Pty) Ltd 
    19. Umfolozi FET College - Central Office 
    20. Universal Healthcare Services (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.