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 THAT HAS PASSED THE END DATE: 

Interpreting financial reports in Retail/Wholesale practices 
SAQA US ID UNIT STANDARD TITLE
7630  Interpreting financial reports in Retail/Wholesale practices 
ORIGINATOR
SGB Retail and Wholesale 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Wholesale and Retail 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 
2003-12-03  2006-12-03  SAQA 1351/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2007-12-03   2010-12-03  

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 a fundamental standard towards the qualification National Certificate in Retail / Wholesale sales and services at NQF 4. It provides the fundamental competence to interpret financial reports in preparation for the core and elective standards at this level 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Verbal and written communication at NQF Level 2. 

UNIT STANDARD RANGE 
  • Financial reports including budgets, monthly sales reports, stock movement reports, bank reconciliations, daily cash transactions, ?
    Financial reporting software applications including? Interpreting, analysing and evaluating financial information including auditing, 

  • UNIT STANDARD OUTCOME HEADER 
    The demonstrated ability to make decisions and con 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    The demonstrated ability to make decisions and consider options when: 
    OUTCOME NOTES 
  • Relating the purpose of a range of financial reports to business activities performed by various departments/branches?

    Recognising the internal sources responsible for generating financial reports and the associated deadlines for dissemination of financial information?

    Interfacing with a range of financial reporting software applications installed on networked systems and extracting information for interpretation purposes ensuring organisational policy on data integrity is maintained?

    Applying a range of techniques for interpreting information reflected on financial reports and evaluating the impact of analysed results on own business area?

    Verifying accuracy and comprehensiveness of financial information and initiating appropriate actions for reconciling transactional discrepancies in accordance with departmental procedures 
  • OUTCOME RANGE 
  • Financial reports including budgets, monthly sales reports, stock movement reports, bank reconciliations, daily cash transactions, ?

    Financial reporting software applications including? Interpreting, analysing and evaluating financial information including auditing, 

  • ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The ability to produce the following evidence: 
    ASSESSMENT CRITERION NOTES 
  • Discuss organisational policy on data integrity and explain the importance of maintaining this policy ?

    List the internal sources responsible for compiling and disseminating financial reports

  • List the range of financial reports compiled and disseminated in retail/wholesale practices and give the purpose and deadline date for each report listed?

    Describe the range of financial reporting applications installed on computer network?

    List the purposes for which interpretation of financial data is required in own business area ?
    Explain departmental procedures for reconciling transactional discrepancies?

    Demonstrate techniques for interfacing with financial reporting software applications by completing practical exercises presented by assessor?

    Demonstrate techniques for interpreting, analysing and evaluating information reflected in financial reports by completing practical exercises presented by assessor 
  • ASSESSMENT CRITERION RANGE 
  • Financial reports including budgets, monthly sales reports, stock movement reports, bank reconciliations, daily cash transactions, ?
    Financial reporting software applications including? Interpreting, analysing and evaluating financial information including auditing,
     


  • UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    The Retail/Wholesale SETA in its ETQA role will accredit providers against this unit standard 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The demonstrated understanding of:?

    Internal sources responsible for compiling and disseminating financial information/reports?

    Purpose and content of a range of financial reports and reporting deadlines
  • Techniques for interfacing with financial reporting software applications installed on networked systems
    ?
    Techniques for interpreting, analysing and evaluating information reflected in financial reports?

    Purposes for which interpretation, analysis and evaluation is required for own business area?

    Departmental procedures for reconciling transactional discrepancies ?

    Organisational policy on data integrity 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
  • Identify and solve problems when interpreting and evaluating financial reports so that appropriate actions can be initiated to reconcile transactional discrepancies 

  • UNIT STANDARD CCFO WORKING 
  • Demonstrate an understanding of the world as a set of related systems where careful interpretation of a range of financial information is vital to ensuring that own business area is aligned with the overall profitability expectations of retail/wholesale practices 

  • UNIT STANDARD CCFO COLLECTING 
    The ability to:?
    Collect, organise, analyse and critically evaluate information when interpreting financial reports so that a comprehensive analysis is made of financial data 

    UNIT STANDARD ASSESSOR CRITERIA 
    The ability to produce the following evidence:?

    Discuss organisational policy on data integrity and explain the importance of maintaining this policy ?

    List the internal sources responsible for compiling and disseminating financial reports?

    List the range of financial reports compiled and disseminated in retail/wholesale practices and give the purpose and deadline date for each report listed?

    Describe the range of financial reporting applications installed on computer network?

    List the purposes for which interpretation of financial data is required in own business area


  • Explain departmental procedures for reconciling transactional discrepancies?

    Demonstrate techniques for interfacing with financial reporting software applications by completing practical exercises presented by assessor?

    Demonstrate techniques for interpreting, analysing and evaluating information reflected in financial reports by completing practical exercises presented by assessor 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Fundamental  14854   National Certificate: Agric Sales and Services  Level 4  NQF Level 04  Reregistered  2023-06-30  AgriSETA 
    Fundamental  13719   National Certificate: Retail and Wholesale, Sales and Service Technology  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2006-12-03  W&RSETA 
    Elective  14852   National Diploma: Agri Sales and Service Management  Level 5  NQF Level 05  Reregistered  2023-06-30  AgriSETA 


    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. Balemi Consulting Pty Ltd 
    2. Buffalo City Public FET College - St Marks Campus 
    3. Cedara College of Agriculture 
    4. Edutel Wholesale & Retail Academy 
    5. Elsenburg Agricultural Training Institute 
    6. Northlink College - Protea Campus 
    7. NWK Beperk 
    8. Port Elizabeth Public FET College - Russell Road College 
    9. RCL Foods-Sugar & Milling 
    10. Sekhukhune FET College - Central Office 
    11. Senwes Beperk 
    12. Suidwes Beleggings Eiendoms Beperk 
    13. VKB LANDBOU (PTY) LTD 
    14. Woolworths 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.