SAQA All qualifications and unit standards 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: 

Manage Expenditure against a budget 
SAQA US ID UNIT STANDARD TITLE
242810  Manage Expenditure against a budget 
ORIGINATOR ORIGINATING PROVIDER
SGB Generic Management   
QUALITY ASSURING BODY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Generic Management 
ABET BAND UNIT STANDARD TYPE OLD NQF LEVEL NEW NQF LEVEL CREDITS
Undefined  Regular-Fundamental  Level 4  NQF Level 04  6 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2009-10-06  2012-10-06  SAQA 0160/05 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2013-10-06   2016-10-06  

In all of the tables in this document, both the old and the new NQF Levels are shown. In the text (purpose statements, qualification rules, etc), any reference to NQF Levels are to the old levels unless specifically stated otherwise. 

This unit standard replaces: 
US ID Unit Standard Title Old NQF Level New NQF Level Credits Replacement Status
13941  Apply the budget function in a business unit  Level 4  NQF Level 04  5  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard specifies the knowledge and skills required to manage a budget within the organisation. This Unit Standard is intended for junior managers of organisations.

The qualifying learner is capable of:
  • Explaining the concept of budgeting pertinent to an area of responsibility.
  • Determining the elements of a budget relevant to an area of responsibility.
  • Monitoring and controlling actual expenses (and revenue), against projected budget. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners should be competent in Communication and Mathematical Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
  • 'Revenue' includes, but is not limited to income from sales, services and fund-raising.
  • 'Expenditure' includes, but is not limited to, expenses, operating expenses, production costs, inventory, consumables and materials.
  • 'Budget' means either the complete budget, or part-budget for which the learner is responsible.
  • 'Area of responsibility' includes, but is not limited to, cost centre, section, department or team.
  • 'Junior managers' include, but are not limited to, team leaders, supervisors, foremen and section heads.
  • 'Standard Operating Procedures' (SOPs) may comprise formal written documents or accepted practices in the organisation.
  • 'Organisation' includes but is not limited to, workplace, work context, work unit, company, department or section. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the concept of budgeting pertinent to an area of responsibility. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The concept of a budget is explained with reference to expenditure in an area of responsibility. 

    ASSESSMENT CRITERION 2 
    The budgeting technique employed is explained by means of worked examples. 
    ASSESSMENT CRITERION RANGE 
    Budgeting techniques may include, but are not limited to, forecasting based on historic data, and zero-based budgeting.
     

    SPECIFIC OUTCOME 2 
    Determine the elements of a budget in an area of responsibility. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The elements of the budget are identified for the resources required to meet the objectives. 

    ASSESSMENT CRITERION 2 
    Internal and external constraints on a budget are identified in terms of an own organisational context. 

    SPECIFIC OUTCOME 3 
    Monitor and control actual expenses against budget. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Actual expenses are monitored according to Standard Operating Procedures. 

    ASSESSMENT CRITERION 2 
    Variances are identified and corrective measures are proposed and/or taken according to Standard Operating Procedures. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • This Unit Standard will be assessed by an assessor and moderated by a moderator registered with the relevant accredited ETQA.
  • Assessors should be in possession of a relevant qualification that is at least one level higher than the level of this unit standard.
  • Training providers must be accredited by a relevant ETQA.
  • Assessment should include both formative and summative assessment. 
    		•

    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 ORGANISING 
    Learners are able to make decisions in determining the elements of a budget and in monitoring and controlling expenses. 

    UNIT STANDARD CCFO COLLECTING 
    Learners are able to identify variances between actual expenditure and the budget. 

    UNIT STANDARD CCFO COMMUNICATING 
    Learners are able to communicate effectively in identifying substantiating the internal and external contents of a budget. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Learners are able to demonstrate an understanding of the world as a set of related systems when monitoring and controlling the actual expenses of a budget. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE OLD LEVEL NEW LEVEL STATUS END DATE QUALITY ASSURING BODY
    Core  58204   Further Education and Training Certificate: Cable Jointing and Termination  Level 4  NQF Level 04  Reregistered  2013-05-02  ESETA 
    Core  71469   Further Education and Training Certificate: Equine Practices  Level 4  NQF Level 04  Registered  2012-09-09  THETA 
    Core  66349   Further Education and Training Certificate: General Forestry  Level 4  NQF Level 04  Registered  2012-05-13  FIETA 
    Core  57712   Further Education and Training Certificate: Generic Management  Level 4  NQF Level 04  Reregistered  2012-10-06  As per Learning Programmes recorded against this Qual 
    Core  73189   Further Education and Training Certificate: Golfing and Golf Coaching  Level 4  NQF Level 04  Registered  2012-09-09  THETA 
    Core  66289   Further Education and Training Certificate: Lumber Milling  Level 4  NQF Level 04  Registered  2012-05-13  FIETA 
    Core  64889   Further Education and Training Certificate: Mineral Processing  Level 4  NQF Level 04  Registered  2012-02-18  MQA 
    Core  67697   Further Education and Training Certificate: Sport Administration  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered"     		 2010-08-16  As per Learning Programmes recorded against this Qual 
    Core  65529   Further Education and Training Certificate: Transport Operations  Level 4  NQF Level 04  Registered  2012-03-12  TETA 
    Core  61709   Further Education and Training Certificate: Water and Wastewater Treatment Process Control Supervision  Level 4  NQF Level 04  Registered  2011-06-11  ESETA 
    Elective  67465   National Certificate: Business Administration Services  Level 3  NQF Level 03  Reregistered  2012-05-05  As per Learning Programmes recorded against this Qual 
    Elective  62869   National Certificate: Rockbreaking: Surface Excavations  Level 3  NQF Level 03  Registered  2011-09-17  MQA 
    Elective  61595   Further Education and Training Certificate: Business Administration Services  Level 4  NQF Level 04  Reregistered  2012-11-03  As per Learning Programmes recorded against this Qual 
    Elective  67509   Further Education and Training Certificate: Community Development  Level 4  NQF Level 04  Registered  2012-09-09  As per Learning Programmes recorded against this Qual 
    Elective  67461   Further Education and Training Certificate: Event Support  Level 4  NQF Level 04  Registered  2012-02-18  As per Learning Programmes recorded against this Qual 
    Elective  63669   Further Education and Training Certificate: Fitness  Level 4  NQF Level 04  Registered  2011-11-26  As per Learning Programmes recorded against this Qual 
    Elective  65589   Further Education and Training Certificate: High Speed Inter-City Commuter Railway Operations  Level 4  NQF Level 04  Registered  2012-04-08  TETA 
    Elective  57898   Further Education and Training Certificate: Printing and Manufacture of Packaging  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered"     		 2010-02-21  MAPPP 
    Elective  58800   Further Education and Training Certificate: Project Support Services  Level 4  NQF Level 04  Reregistered  2013-08-16  SERVICES 
    Elective  61670   Further Education and Training Certificate: Railway Construction and Maintenance  Level 4  NQF Level 04  Registered  2011-06-11  TETA 
    Elective  66809   Further Education and Training Certificate: Sport Technical Officiating  Level 4  NQF Level 04  Registered  2012-09-09  THETA 
    Elective  61609   Further Education and Training Certificate: Volunteer Support  Level 4  NQF Level 04  Registered  2011-06-11  As per Learning Programmes recorded against this Qual 
    Elective  66613   Further Education and Training Certificate: Wealth Management  Level 4  NQF Level 04  Reregistered  2013-02-09  As per Learning Programmes recorded against this Qual 
    Elective  57714   National Certificate: Marine Pilotage  Level 5  New Level Assignment Pend.  Reregistered  2012-09-01  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 Quality Assuring Bodies 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 Quality Assuring Body should be notified if a record appears to be missing from here.
     
    1. Aurecon Training Academy 
    2. BDCE 
    3. Community Water Supply & Sanitation Unit 
    4. DYNA TRAINING (PTY) LTD 
    5. Ergo Water Works cc 
    6. GLOBAL FM 
    7. IMSIMBI TRAINING CC 
    8. In Touch Community Development 
    9. InvestmentWise 
    10. ITUMELENG TRAINING SOLUTIONS (GARFONTEIN) 
    11. ITUMELENG TRAINING SOLUTIONS CC (MONUMENT PARK) 
    12. KWAPELE LEARNING AND CONSULTING PTY LTD 
    13. Mahube Training & Development 
    14. Masifunde Training Centre 
    15. Moolmans 
    16. Mthengenya & Associates 
    17. OPTIMUM LEARNING TECHNOLOGIES (PTY) LTD 
    18. PPC CEMENT (PTY) LTD 
    19. Prisma Training Solutions 
    20. PSG Konsult Limited 
    21. Woolworths Pty Ltd 
    22. XTRACT TRAINING SERVICES (PTY) LTD 


    All qualifications and unit standards 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.