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: 

Understand and apply business finances 
SAQA US ID UNIT STANDARD TITLE
9989  Understand and apply business finances 
ORIGINATOR
SGB Building Construction 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 12 - Physical Planning and Construction Building Construction 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 2  NQF Level 02  2 
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
2026-06-30   2029-06-30  

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 
Learners who are assessed as competent against this unit standard will be able to demonstrate a basic understanding of financial principles; to identify bookkeeping and financial documents and apply business financial documents.

The unit standard contributes to the overall competence required of the construction contractor.

Its contribution to socio-economic transformation is that learners would be able to undergo RPL-assessment and thereby receive recognition for previous learning and experience. The employability and career prospects of learners can therefore be enhanced by this construction contractor qualification - this unit standard being a subset.

Previously disadvantaged individuals with the qualification in Construction Contracting can also progress to the level 5 qualification in Construction Management or the level 4 qualification in Construction Supervision. - this will enhance their ability to start or sustain their own businesses supplying a construction contracting service - a process that will accelerate economic transformation and give economic empowerment. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
NQF Level 2 in Literacy and Numeracy competencies. 

UNIT STANDARD RANGE 
  • Terminology explains control, income, expenditure, transactions, debit, credit, payment certificate, bookkeeper, accountant, etc.
  • Financial documents include receipts, bank statements, cheques, cash register, invoices, etc.
  • Bookkeeping includes sorting of documents, income and expenditures, outstanding amounts to and by business, reconciliation and balancing. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify bookkeeping and financial documents. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Bookkeeping terminology is identified and described. 

    ASSESSMENT CRITERION 2 
    The document exchange process is explained. 

    ASSESSMENT CRITERION 3 
    Income and expenditure transactions are discussed. 

    SPECIFIC OUTCOME 2 
    Understand business financial documents. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Knowledge of the various financial documents is demonstrated. 

    ASSESSMENT CRITERION 2 
    The use of these documents is applied from the construction contractor's perspective. 

    SPECIFIC OUTCOME 3 
    Determine cash flow from financial documents with assistance from an accountant. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The cash flow of the construction contractor's business is determined from the financial documents with the assistance of the firm's accountant. 

    ASSESSMENT CRITERION 2 
    The implications of the cash flow situation on the organization is explained. 

    SPECIFIC OUTCOME 4 
    Determine the organizations financial status from the various financial documents with the assistance from an accountant. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The financial status of the organization is determined with the assistance of an accountant. 

    ASSESSMENT CRITERION 2 
    The implication of the financial status on the organization is explained. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a learner or moderating the assessment of a learner against this unit standard must be registered as an assessor with the relevant ETQA for this unit standard or a similar unit standard at a higher NQF Level.
  • Any institution offering learning that will enable the achievement of this unit standard must be accredited as a provider with the relevant ETQA.
  • The relevant ETQA, or other ETQA's who have a Memorandum of Understanding in place with the relevant ETQA, would be responsible for moderation of learner achievements of learners who meet the requirements of this qualification. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    Qualifying learners understand and can explain:

    1. Business terminology.
    2. Income and expenditure transactions.
    3. Invoices, receipts, account reconciliations and balancing.
    4. Debtors and creditors.
    5. Tax types.
    6. Percentages.
    7. Invoicing and receipting.
    8. Cash flow. 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems.

    Specific Outcome:
  • Identify bookkeeping and financial documents.

    Assessment Criteria:
  • Bookkeeping terminology is identified and described. 
    		•

    UNIT STANDARD CCFO WORKING 
    Work effectively with others.

    Specific Outcome:
  • Determine cash flow from financial documents with the assistance from an accountant.

    Assessment Criteria:
  • The cash flow of the construction contractor's business is determined from the financial documents with the assistance of the firm's accountant. 
    		•

    UNIT STANDARD CCFO ORGANISING 
    Employ self management.

    Specific Outcome:
  • Identify bookkeeping and financial documents.

    Assessment Criteria:
  • Bookkeeping terminology is identified and described. 
    		•

    UNIT STANDARD CCFO COLLECTING 
    Manage information.

    Specific Outcome:
  • Identify bookkeeping and financial documents.

    Assessment Criteria:
  • Bookkeeping terminology is identified and described. 
    		•

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively.

    Specific Outcome:
  • Determine cash flow from financial documents with the assistance from an accountant.

    Assessment Criteria:
  • The cash flow of the construction contractor's business is determined from the financial documents with the assistance of the firm's accountant.
  • The cash flow of the construction contractor's business is determined from the financial documents with the assistance of the firm's accountant. 
    		•

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate scientific and technological competence.

    Specific Outcome:
  • Determine the organizations financial status from the various financial documents with the assistance from an accountant.

    Assessment Criteria:
  • The implication of the financial status on the organization is explained. 
    		•

    UNIT STANDARD CCFO CONTRIBUTING 
  • Understand Contextual world-systems.

    Specific Outcome:
  • Determine the organizations financial status from the various financial documents with the assistance from an accountant.

    Assessment Criteria:
  • The implication of the financial status on the organization is explained. 
    		•

    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  20813   National Certificate: Construction Contracting  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CETA 


    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. Abasizi Contractor Development Services Pty Ltd 
    2. Academy for Construction Skills (Pty) Ltd (ACS) 
    3. Akaf Bodyguards 
    4. Bright Storm Projects 
    5. Capricorn FET College - Central Office 
    6. Eastcape Training Centre 
    7. ENTELEKEY GROUP 
    8. In Touch Community Development & Project Managers 
    9. Mahumani Empowerment Servives Centre 
    10. Mavco Engineering 
    11. MOLOKO SMALL ENTERPRISE 
    12. Motheo Academy PTY LTD 
    13. Nkqubela Community Developers 
    14. Protech Training (Pty) Ltd 
    15. RUTHEKHO TRAINING ACADEMY (PTY) LTD 
    16. Sakhisizwe Development Training 
    17. SEDA Construction Incubator Trust 
    18. South African Value Education (Pty) Ltd 
    19. TSK Projects(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.