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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Analyse and interpret the financial statements and physical records in an agri-business to generate managerial information 
SAQA US ID UNIT STANDARD TITLE
116428  Analyse and interpret the financial statements and physical records in an agri-business to generate managerial information 
ORIGINATOR
SGB Primary Agriculture 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 01 - Agriculture and Nature Conservation Primary Agriculture 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  11 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "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 
The learner achieving this unit standard will be able to compile, analyse and interpret the financial statements for an agri-business in order to generate sound managerial information. In addition the learner will be well positioned to extend his/her learning and practice into areas of information management and sharing. The profession will benefit from this since timely and accurate assessments of data is necessary to generate sound managerial information needed for rational decision-making at all levels.

Learners will understand the importance of the application of business principles in agricultural production with specific reference to financial support.

They will be able to operate farming practices as businesses and will gain the knowledge and skills to move from a subsistence orientation to an economic orientation in agriculture. Farmers will gain the knowledge and skills to access mainstream agriculture through a business-orientated approach to agriculture. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that a learner attempting this unit standard will demonstrate competence against the unit standard or equivalent:
  • NQF 4: Prepare a whole farm budget and establish a proper integrated information system for an agri-business. 
    		•

    UNIT STANDARD RANGE 
    Whilst range statements have been defined generically to include as wide a set of alternatives as possible, all range statements should be interpreted within the specific context of application.

    Range statements are neither comprehensive nor necessarily appropriate to all contexts. Alternatives must however be comparable in scope and complexity. These are only as a general guide to scope and complexity of what is required. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Use financial and physical information to compile financial statements and physical data to compile physical records. 
    OUTCOME RANGE 
  • Integrate financial information into working management information documents.
  • Financial records - balance sheet, income statement, cash flow statement.
  • Physical records - inventory, rainfall records, labour records, mechanisation records. 
    		•

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The possession of a broad knowledge base is demonstrated regarding the independent compilation of financial statements. 

    ASSESSMENT CRITERION 2 
    The possession of a broad knowledge base is demonstrated regarding the independent compilation of physical records. 

    ASSESSMENT CRITERION 3 
    The ability to manage the delegated inputs into these records and financial statements from colleagues / employees is demonstrated. 

    SPECIFIC OUTCOME 2 
    Conduct a proper analysis of the financial statements and physical records of an agri-business. 
    OUTCOME RANGE 
    Rand/ha, Rand/ton, liquidity ratios, solvency ratios, growth in equity, efficiency ratios, net farm income/R100 capital investment, Net farm income/R100 labour costs, personnel turnover ratio, labour costs as percentage of total costs, fuel consumption etc. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The ability to select, apply and understand an appropriate financial analysis tool in order to do a proper analysis of the financial statements is demonstrated. 

    ASSESSMENT CRITERION 2 
    The ability to select, apply and understand an appropriate analysis tool in order to do a proper analysis of the physical records is demonstrated. 

    ASSESSMENT CRITERION 3 
    An ability and understanding of the accepted norms/benchmarks for each analysis tool as selected in the other assesesment criteria are demonstrated. 

    SPECIFIC OUTCOME 3 
    Compare financial and economic criteria with historical results and deduct the necessary managerial information. 
    OUTCOME RANGE 
    Rand/ha, Rand/ton, liquidity ratios, solvency ratios, growth in equity, efficiency ratios, net farm income/R100 capital investment, Net farm income/R100 labour costs, personnel turnover ratio, labour costs as percentage of total costs, fuel consumption etc. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The ability to independently compare solvency ratios with historical figures and bench-mark figures and the ability to make rational deductions from the present year's performance is demonstrated. 

    ASSESSMENT CRITERION 2 
    The ability to independently compare liquidity ratios with historical figures and bench-mark figures and the ability to make rational deductions from the present year's performance is demonstrated. 

    ASSESSMENT CRITERION 3 
    The ability to independently compare efficiency ratios with historical figures and bench-mark figures and the ability to make rational deductions from the present year's performance is demonstrated. 

    ASSESSMENT CRITERION 4 
    The ability to independently compare the growth in equity ratios with historical figures and bench-mark figures and the ability to make rational deductions from the present year's performance is demonstrated. 

    ASSESSMENT CRITERION 5 
    The ability to independently compare other financial ratios with historical figures and bench-mark figures and the ability to make rational deductions from the present year's performance is demonstrated. 

    ASSESSMENT CRITERION 6 
    The ability to independently compare at least an economical ratio for each of rainfall, labour and mechanisation (physical records) with historical figures and bench-mark figures and the ability to make rational deductions from the present year's performance is demonstrated. 

    SPECIFIC OUTCOME 4 
    Set objectives for the different ratios and do an interpretation of the different ratios. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The ability to interpret all financial and economic ratios effectively and correctly is demonstrated. 

    ASSESSMENT CRITERION 2 
    The ability to independently determine and take full responsibility for the determination of appropriate objectives for each is demonstrated. 

    ASSESSMENT CRITERION 3 
    The ability to take full responsibility for the preparation of financial and economic reports that stipulate both positive and negative aspects of the financial and economic performance for a specific financial year is demonstrated. 

    ASSESSMENT CRITERION 4 
    The ability to make rational suggestions on the financial and economic improvement of the business is demonstrated. 

    ASSESSMENT CRITERION 5 
    The ability to verbally report the financial and economic performance of the agribusiness for the specific financial year is demonstrated. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    The assessment of qualifying learners against this standard should meet the requirements of established assessment principles.

    It will be necessary to develop assessment activities and tools, which are appropriate to the contexts in which the qualifying learners are working. These activities and tools may include an appropriate combination of self-assessment and peer assessment, formative and summative assessment, portfolios and observations etc.

    The assessment should ensure that all the specific outcomes, critical cross-field outcomes and essential embedded knowledge are assessed.

    The specific outcomes must be assessed through observation of performance. Supporting evidence should be used to prove competence of specific outcomes only when they are not clearly seen in the actual performance.

    Essential embedded knowledge must be assessed in its own right, through oral or written evidence and cannot be assessed only by being observed.

    The specific outcomes and essential embedded knowledge must be assessed in relation to each other. If a qualifying learner is able to explain the essential embedded knowledge but is unable to perform the specific outcomes, they should not be assessed as competent. Similarly, if a qualifying learner is able to perform the specific outcomes but is unable to explain or justify their performance in terms of the essential embedded knowledge, then they should not be assessed as competent.

    Evidence of the specified critical cross-field outcomes should be found both in performance and in the essential embedded knowledge.

    Performance of specific outcomes must actively affirm target groups of qualifying learners, not unfairly discriminate against them. Qualifying learners should be able to justify their performance in terms of these values.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The person is able to demonstrate a basic knowledge of:
  • Financial information.
  • Economic/physical information/records.
  • Analysis of financial information.
  • Analysis of physical data.
  • Interpretation of information.
  • Names and functions of different financial ratios.
  • Ability to determine bench-marks.
  • Ability to compare with historical figures and bench-marks.
  • Generating managerial information.
  • Written communication of financial and economic performance.
  • Verbal communication of financial and economic performance. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Problem solving relates to all specific outcomes. 

    UNIT STANDARD CCFO ORGANISING 
    Self-organisation and management relates to all specific outcomes. 

    UNIT STANDARD CCFO COLLECTING 
    Information evaluation relates to all specific outcomes. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology relates to all specific outcomes. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Inter-relatedness of systems relates to all specific outcomes. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Self-development relates to all specific outcomes. 

    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
    Core  63249   National Diploma: Agricultural Extension  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  AgriSETA 
    Core  49011   National Diploma: Animal Production  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  AgriSETA 
    Core  49010   National Diploma: Plant Production  Level 5  NQF Level 05  Passed the End Date -
    Status was "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. Agricultural Research Council 
    2. Suidwes Beleggings Eiendoms Beperk 
    3. The Skills Development Hub (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.