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: 

Manage assets of a business unit 
SAQA US ID UNIT STANDARD TITLE
243265  Manage assets of 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 5  Level TBA: Pre-2009 was L5  12 
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 deals with the management of the assets in a business unit. It reflects the skills required to:
  • Understand, summarise and classify assets.
  • Manage current assets (ie cost and risk of investing in current assets).
    > Manage cash.
    > Manage stock.
    > Manage debtors.
    > Manage creditors.
  • Interpret and present financial reports.
  • Apply the relevant financial ratios.
  • Manage and maintain fixed assets (ie asset depreciation, disposal of assets, capital budgeting).
  • Identify need for and take corrective action.

    It also reflects the understanding of:
  • The strategic value of assets in the organisation or business.
  • The optimisation of assets.
  • Techniques and procedures for analysing management accounts. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learner is competent in:
  • Communication at NQF Level 4.
  • Mathematical Literacy at NQF Level 4. 

  • UNIT STANDARD RANGE 
    Business unit refers to a branch or department in a larger business. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Review the current status and condition of the assets of the business unit and identify opportunities for improvement, or problems. 
    OUTCOME RANGE 
    Assets include equipment, stock, cash, debtors. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Asset inspections are carried out according to procedures. 

    ASSESSMENT CRITERION 2 
    Opportunities for improvement are explained and motivated. 
    ASSESSMENT CRITERION RANGE 
    Motivation includes quantifying the improvements.
     

    ASSESSMENT CRITERION 3 
    Problems identified in the management of business unit assets are described. 

    SPECIFIC OUTCOME 2 
    Develop and implement action plans to improve the efficiency of, or to correct problems in, the use of the assets of the business unit. 
    OUTCOME RANGE 
  • Plans include capital budgeting.
  • A manager at this level will not take final decisions on capital investments, but will make recommendations to the relevant structures in the organisation. 

  • ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Plans are based on an evaluation of the status of the assets and the effectiveness of their use. 

    ASSESSMENT CRITERION 2 
    Capital budgeting is done in consideration of all factors. 
    ASSESSMENT CRITERION RANGE 
    Consideration of all factors includes the application of appropriate investment theory and techniques.
     

    ASSESSMENT CRITERION 3 
    Implementation of plans is monitored and evaluated and adjustments are made to plans or process if required. 

    ASSESSMENT CRITERION 4 
    Impact of the intervention is quantified, evaluated and discussed in terms of the motivation for the change. 

    ASSESSMENT CRITERION 5 
    Use of assets is optimised within the framework of the business or business unit strategy. 

    SPECIFIC OUTCOME 3 
    Manage and monitor the use of motor retail business unit assets. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Assets are correctly marked, maintained, located and stored. 

    ASSESSMENT CRITERION 2 
    The asset register for the business unit is accurate and up-to-date. 

    ASSESSMENT CRITERION 3 
    Procedures for the maintenance of fixed assets are in place and are easily accessible and applied. 

    ASSESSMENT CRITERION 4 
    The use of assets is in accordance with the manufacturers' specifications. 

    ASSESSMENT CRITERION 5 
    Procedures for the disposal of redundant assets are in place. 

    SPECIFIC OUTCOME 4 
    Analyse and interpret reports and present them to relevant stakeholders. 
    OUTCOME RANGE 
  • Reports include income statements, debtors accounts, creditors accounts.
  • Analyse and interpret includes identifying issues for attention. 

  • ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Financial statements are reviewed; appropriate financial ratios are applied to check performance and corrective action is taken. 

    ASSESSMENT CRITERION 2 
    The income, balance and cash flow statements are interpreted and presented accurately, clearly and concisely. 

    ASSESSMENT CRITERION 3 
    Issues identified during the analysis and interpretation of reports are described and their implications explained. 

    SPECIFIC OUTCOME 5 
    Discuss and explain issues related to managing the assets of a motor retail department. 
    OUTCOME RANGE 
    Issues, key concepts and principles include:
  • The different classes and types of assets.
  • Asset storage and packaging.
  • Procedures for the disposal of redundant assets.
  • The principle of cost benefit analysis.
  • Consequences of incorrect decisions.
  • Current technology available in the industry. 

  • ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Discussions of issues demonstrate an understanding of the key concepts and principles related to the management of assets and an understanding of how they relate to application in practice. 

    ASSESSMENT CRITERION 2 
    Concepts and issues are illustrated by making use of examples experienced in the business or business unit. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Assessment will be governed by the policies and guidelines of a relevant Education and Training Quality Assurance body (ETQA), which has jurisdiction over this field of learning. The policies and procedures of the relevant ETQA will also determine:
  • How the assessment is moderated.
  • How a learner can appeal against the outcome of the assessment.

    Any institution or company which offers learning to achieve the purpose of this unit standard must be accredited as a provider through the relevant ETQA.

    The integrated assessment should be based on a summative assessment guide. The guide will specify how the assessor will assess different aspects of the performance and will include:
  • Evaluating evidence in a portfolio of evidence, particularly projects which integrate various aspects of the unit standard and which demonstrate the integration of knowledge and skills and values, and the development of the critical outcomes.
  • Observing and listening to the learner at work, both in primary activities as well as in other interactions, or in relevant simulations.
  • Asking questions and initiating short discussions to test understanding and to verify other evidence.
  • Looking at records and reports.
  • Formative assessment.

    Assessment of competence for this unit standard is based on experience acquired by the learner in the workplace, within the particular motor retail context. The assessment process should cover the explicit tasks required for the unit standard as well as the understanding of the concepts and principles that underpin the management process.

    The assessment process should also establish how the learning process has advanced the Critical Cross-field Outcomes.

    The learner may choose in which language he/she wants to be assessed. This should be established as part of a process of preparing the learner for assessment and familiarising the learner with the approach being taken.

    Assessors should also evaluate evidence that the learner has been performing consistently over a period of time.

    The assessment for this unit standard can be done in conjunction with the assessment of other unit standards related to a qualification, and in conjunction with the assessment for the qualification as a whole. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    Names and functions of:
  • Financial statements.
  • Machines, building and equipment.
  • Financial ratios.

    Purpose of:
  • Asset management.
  • Financial statements.
  • Machines, building and equipment.
  • Departmental asset register.
  • Maintaining assets.
  • Disposing of redundant assets.
  • Demarcating workshops.

    Attributes, descriptions, characteristics and properties:
  • Various types of assets.
  • Asset register.
  • Capital budget.
  • Income statements.
  • Debtors accounts.
  • Creditors accounts.

    Processes and events:
  • Inflation.
  • Tax changes.
  • Time value of money.
  • Cash cycle.
  • GAAP.
  • Interest rates changes.
  • Capital budgeting.
  • Inspection of assets.
  • Disposal of redundant assets.

    Causes and effects, implications of:
  • Inflation.
  • Taxation.
  • Interest rates changes.
  • GAAP.

    Procedures and techniques:
  • Drawing statements.
  • Reporting.
  • Inspecting assets.

    Sensory cues:
  • Visual cues related to changes in condition of assets.

    Regulations, legislation, agreements, policies, standards:
  • General Acceptable Accounting Practise.
  • Asset management.
  • Stakeholder interest.

    Theory: rules, principles, laws:
  • Accounting, book keeping, funding mechanisms, Income and expenses.
  • Asset management.
  • Stakeholder theory.

    Categories:
  • Of assets.
  • Of reports.

    Relationships, systems:
  • Impact of economic cycles on decision making and options. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems:
  • Identify and solve cash flow problems.
  • Identify and solve problems related to the maintenance of assets. 

  • UNIT STANDARD CCFO WORKING 
    Work effectively with others:
  • Interact with others in activities related to managing motor retail business unit assets. 

  • UNIT STANDARD CCFO ORGANISING 
    Organise and manage myself and my activities:
  • Organise own activities to manage business units assets efficiently and effectively. 

  • UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information:
  • Collect, analyse, organise and critically evaluate current and fixed asset information. 

  • UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively:
  • Present reports. 

  • UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically:
  • Use applicable technology and investment theory principles to aid evaluation of options and decision making. 

  • UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems:
  • Relationship between the acquisition and management of assets and the achievement of business objectives. 

  • 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  59325   National Certificate: Environmental Noise Control  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered" 
    2015-06-30  LG SETA 
    Elective  59201   National Certificate: Generic Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  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. Equal Career Services (Pty) Ltd (CENTURION) (TP) 
    2. Nyankwavi Investment CC. 
    3. Ronald Sewell & Associates SA (Pty) Ltd T/A Sewells (BRYANSTON) (TP) 



    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.