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 basic business and personal finance 
SAQA US ID UNIT STANDARD TITLE
9505  Manage basic business and personal finance 
ORIGINATOR
SGB Air-conditioning Refrigeration and Ventilation 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 06 - Manufacturing, Engineering and Technology Engineering and Related Design 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
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 
Draw up and manage his/her own personal budget as well as the budget for a medium size
company. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Managing basic personal finance. 

UNIT STANDARD RANGE 
Should receive a grant, salary, bursary or wage. Have access to own money. Should be able to discuss and propose a budget to a person successful in industry. Should understand concepts like: Price structure, cost control, cost estimation, inflation, escalation, overheads, exchange rate, cash flow and claims. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Identify sources of income and expenditure and draw up a personal and business budget. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. All the expenses and planned expenses as well as the full time income, and where applicable part-time income of the learner is used to draw up a budget for a month. 

ASSESSMENT CRITERION 2 
2. All the expenses and planned expenses and the projected income for a medium size company are listed. 

ASSESSMENT CRITERION 3 
3. A budget is drawn up for a medium size company for one year. Profit is shown at the end of the year. 

ASSESSMENT CRITERION 4 
4. The consequences of a wrong budget are listed and discussed. 

SPECIFIC OUTCOME 2 
Monitor and control activities against budgets. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Control measurements for a personal budget are listed. 

ASSESSMENT CRITERION 2 
2. Different ways are proposed to manage personal money effectively for growth e.g. savings plans or unit trusts. 

ASSESSMENT CRITERION 3 
3. Control measurements for a business budget are listed. 

ASSESSMENT CRITERION 4 
4. Different methods to manage the budget of the business effectively to ensure growth are proposed. 

ASSESSMENT CRITERION 5 
5. Consequences of insufficient monitoring and control activities are listed and discussed. 

SPECIFIC OUTCOME 3 
Justify proposals for expenditure on projects. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. All possible expenditures of the business are listed. 

ASSESSMENT CRITERION 2 
2. Expenditures are grouped together in different categories. 

ASSESSMENT CRITERION 3 
3. Categories and each expenditure are investigated to determine which expenditures might be unnecessary and what methods can be apply to reduce cost. 

SPECIFIC OUTCOME 4 
Apply methods to grow the business financially. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Possible methods to practice control of the budget of a business are listed. 

ASSESSMENT CRITERION 2 
2. Applications of control of the budget are listed and discussed. 

ASSESSMENT CRITERION 3 
3. Effects of growing the business financially are discussed. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Any person wishing to be assessed against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, who may appoint a moderator to be present at the assessment. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
Learners must understand the dynamics between income and expenditure. They will know that the finances of a profitable business should be thoroughly managed. 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO IDENTIFYING 
Identify and solve problems
  • Gathering information and drawing up the budget. 

  • UNIT STANDARD CCFO WORKING 
    Work effectively with others
  • Work effectively in a team to make sure all possibilities is included in the budget 

  • UNIT STANDARD CCFO ORGANISING 
    Organise and manage myself and my activities
  • To manage personal and company budget effectively
  • Collect, analyse, organise and critically evaluate information
  • Collect, analyze and organize information to prepare a thorough budget 

  • UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively
  • To gather information and reason about income and expenditure 

  • UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems
  • Demonstrate an understanding of the world by understanding the importance of financial management. 

  • UNIT STANDARD CCFO CONTRIBUTING 
    Learner and societal development
  • Contribute to the full personal development of each learner and the economic development. 

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

    UNIT STANDARD NOTES 
    Basic standard methods of budgeting to be used. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  20721   National Certificate: Air Conditioning, Refrigeration and Ventilation  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2004-06-13  Was MERSETA until Last Date for Achievement 
    Fundamental  23259   National Certificate: Industrial Rubber Manufacturing: Mixing OR Extruding OR Moulding OR Calendaring  Level 4  Level TBA: Pre-2009 was L4  Reregistered  2023-06-30  MERSETA 
    Fundamental  20890   National Certificate: Plastics Manufacturing  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2005-04-13  Was MERSETA until Last Date for Achievement 
    Fundamental  24218   National Certificate: Thermoplastic Fabrication  Level 4  Level TBA: Pre-2009 was L4  Reregistered  2023-06-30  MERSETA 
    Fundamental  24216   National Certificate: Welding Application and Practice  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2006-12-03  MERSETA 
    Elective  58539   Further Education and Training Certificate: Automotive Repair and Maintenance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2009-02-18  Was MERSETA until Last Date for Achievement 
    Elective  64411   Further Education and Training Certificate: Automotive Spray Painting  Level 4  NQF Level 04  Reregistered  2023-06-30  MERSETA 
    Elective  48962   Further Education and Training Certificate: Manufacturing and Assembly Logistics (M&AL)  Level 4  NQF Level 04  Reregistered  2023-06-30  MERSETA 
    Elective  64209   Further Education and Training Certificate: Metals Production  Level 4  NQF Level 04  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 
    Elective  22860   National Certificate: Autotronics  Level 4  Level TBA: Pre-2009 was L4  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  MERSETA 
    Elective  36153   National Certificate: Polymer Composite Fabrication  Level 4  Level TBA: Pre-2009 was L4  Reregistered  2023-06-30  MERSETA 


    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. AIR TRAINING CONSULTING & SERVICES 
    2. ArcelorMittal South Africa Ltd (VANDERBIJLPARK) (TP) 
    3. Artisan Training Institute 
    4. BMW SA (Pty) Ltd (ROSSLYN) (TP) 
    5. Bridgestone South Africa (Pty) Ltd - Brits Plant (BRITS) (TP) 
    6. Central Competent Centre (Pty) Ltd (BLOEMFONTEIN) (TP) 
    7. College of Production Technology 
    8. Eastcape Midlands Public FET College - Uitenhage (High Street)Campus 
    9. False Bay Public FET College - Westlake Campus 
    10. First Car Care (Pty) Ltd T/A STi Autobody Repairers (GOODWOOD) (TP) 
    11. Hibiscus Skills Training College (HILLCREST) (TP) 
    12. Imperial Technical Training Academy (WADEVILLE) (TP) 
    13. Industry Training & Consulting cc (PRETORIA) (TP) 
    14. JESUA CONSULTANTS (Hartenbos) (WA) 
    15. Jesua Consultants (Pty) Ltd (MOSSEL BAY) (TP) 
    16. Mercedes Benz South Africa (Pty) Ltd (CENTURION) (TP) 
    17. Mercedes Benz South Africa (Pty) Ltd (EAST LONDON) (TP) 
    18. Plastics Federation of South Africa (MAITLAND) (TP) 
    19. Plastics Federation of South Africa (MIDRAND) (TP) 
    20. Plastics Federation of South Africa (WESTMEAD) (TP) 
    21. QTE Training & Consulting cc T/A QTE (GERMISTON) (TP) 
    22. Rema Tip Top SA (Pty) Ltd (BENONI) (TP) 
    23. Samancor Chrome Ltd T/A Khuphuka Training & Development (MIDDELBURG) ( 
    24. The Automobile Association of South Africa NPC T/A The AA Technical College(MIDRAND) (TP) 
    25. The Automobile Association of South Africa T/A AA Training Academy (MO 
    26. Wide Horizon Advanced Training (PORT ELIZABETH) (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.