SAQA

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SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:

Describe and apply the management of stock and fixed assets in a business unit

SAQA US ID	UNIT STANDARD TITLE
13945	Describe and apply the management of stock and fixed assets in 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 4	NQF Level 04	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

This unit standard is intended for managers of small businesses and junior managers of business units in larger organisations. It provides the background necessary to understand the management of assets and stock in a business unit. The term business unit in this unit standard implies a small business, cost centre, section or department.

Junior managers include, but are not limited to team leaders, supervisors, first line managers and section heads. The positionor term is used to describe the first level of management in an organisation at which an employee has other employees reporting to him/her.

The qualifying learner is capable of:

Differentiating between fixed assets and stock in a business unit.

Explaining the influence that stock management can have on the profitability of a business.

Explaining the management of fixed assets in a business unit.

Applying the basic principles of stock and fixed asset management to a business unit.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

There is open access to this unit standard. Learners should be competent in Communication and Mathematical Literacy at NQF Level 3.

UNIT STANDARD RANGE

Basic management of stock and fixed assets at the level of a junior manager.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Differentiate between fixed assets and stock in a business unit.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The concepts of fixed assets and stock are explained with examples.

ASSESSMENT CRITERION 2

2. The different fixed assets in a business unit are identified and an indication is given of the purpose of each asset in the business unit.

ASSESSMENT CRITERION 3

3. Stock in a business unit is identified and a list is compiled of the stock usually needed in a business unit.

ASSESSMENT CRITERION 4

4. The problems that occur in a specific business unit if there is insufficient stock are indicated and a plan is compiled to ensure that the required stock is available when needed.

ASSESSMENT CRITERION 5

5. Problems if a business unit has too much stock are explained and an indication is given of how stockpiling impacts on the bottom line of the business.

SPECIFIC OUTCOME 2

Explain the influence that stock management can have on the profitability of a business.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The need for stock control is explained with reference to fraud, theft, carelessness and ensuring sufficient stock.

ASSESSMENT CRITERION 2

2. Two different ways of managing stock are explained with reference to records and stocktaking.

ASSESSMENT CRITERION 3

3. The importance of quality, quantity, time, price and source in managing stock are explained with examples.

ASSESSMENT CRITERION 4

4. The rate of stock turnover for a business unit is calculated and an indication is given of how knowing turnover assists in planning.

ASSESSMENT CRITERION 5

5. An Economic Ordering Quantity Model (EOQ) model is explained and applied to a business unit to calculate the optimum stock level for three items in a business unit.

SPECIFIC OUTCOME 3

Explain the management of fixed assets in a business unit.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The fixed assets in a business unit are identified from a balance sheet.

ASSESSMENT CRITERION 2

2. The asset register for a business unit is updated for three case studies.

ASSESSMENT CRITERION 3

3. The valuation of assets in a business unit is explained with reference to depreciation and investment.

ASSESSMENT CRITERION 4

4. Reasons for depreciation are explained with examples and an indication is given of the purpose of depreciation.

SPECIFIC OUTCOME 4

Apply the basic principles of stock and fixed asset management to a business unit.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The risk associated with the management of stock in a business unit is identified and quantified in terms of probability and severity.

ASSESSMENT CRITERION 2

2. The risk associated with the management of fixed assets in a business unit is identified and quantified in terms of probability and severity.

ASSESSMENT CRITERION 3

3. A system for managing stock in a business unit is applied with reference to ensuring sufficient stock, control of costs and the value of the stock.

ASSESSMENT CRITERION 4

4. A plan is designed to minimize the risk associated with fixed assets in a business unit.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

Assessment of this Unit Standard should be contextual and practical.

Assessors must be registered as an assessor with the Services ETQA or an ETQA that represents the sectors in which the learner is employed.

Moderators must be registered as assessors with the Services ETQA, or with an ETQA that has a Memorandum of Understanding with the Services ETQA.

The mechanisms and requirements for moderation should be applied in accordance with the requirements of the relevant ETQA.

Assessment should include both formative and summative assessment.

Training providers must be accredited by the Services ETQA or with an ETQA that has a Memorandum of Understanding with the Services ETQA.

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO ORGANISING

Learners can manage themselves and their activities responsibly and effectively in proposing ways of managing stock and fixed assets in a business unit.

Learners are able to make decisions in suggesting ways of evaluating the probability and severity of risk associated with the management of fixed assets and stock and designing plans to minimise the risk.

UNIT STANDARD CCFO COLLECTING

Learners are able to collect, organise and evaluate information when identifying stock and fixed assets in a business unit.

UNIT STANDARD CCFO COMMUNICATING

Learners are able to communicate effectively and responsibly when explaining the basic management of stock and fixed assets.

UNIT STANDARD CCFO DEMONSTRATING

Learners are able to demonstrate an understanding of the world as a set of related systems recognising the relationship between the management of stock and fixed assets and the profitability of a business.

REREGISTRATION HISTORY

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

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Core	61595	Further Education and Training Certificate: Business Administration Services	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Core	61450	Further Education and Training Certificate: Film and Television Production Operations	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	MICTS
Core	65110	Further Education and Training Certificate: Management	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2009-03-14	As per Learning Programmes recorded against this Qual
Core	61709	Further Education and Training Certificate: Water and Wastewater Treatment Process Control Supervision	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	EWSETA
Core	48910	Further Education and Training Certificate: Water Purification Processes	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	EWSETA
Elective	66249	Further Education and Training Certificate: New Venture Creation	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	SERVICES
Elective	23953	Further Education and Training Certificate: New Venture Creation (SMME)	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2009-05-13	Was SERVICES until Last Date for Achievement
Elective	57613	Further Education and Training Certificate: Short-Term Risk Management	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2012-06-30	INSETA
Elective	65529	Further Education and Training Certificate: Transport Operations	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	TETA
Elective	24197	National Certificate: Corrections Science	Level 4	Level TBA: Pre-2009 was L4	Passed the End Date - Status was "Reregistered"	2009-02-18	Was SAS SETA until Last Date for Achievement
Elective	20884	National Certificate: New Venture Creation (SMME)	Level 4	NQF Level 04	Passed the End Date - Status was "Registered"	2005-04-10
Elective	24396	National Certificate: Risk Management	Level 4	NQF Level 04	Passed the End Date - Status was "Registered"	2006-10-08	Was INSETA until Last Date for Achievement
Elective	57631	National Certificate: Radiation Protection	Level 5	Level TBA: Pre-2009 was L5	Passed the End Date - Status was "Reregistered"	2023-06-30	EWSETA
Elective	74149	National Certificate: Supply Chain Management	Level 5	NQF Level 05	Passed the End Date - Status was "Reregistered"	2023-06-30	TETA

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.	BLC Entertainment
2.	BPL Academy
3.	Brilliant Skills Development & Training Solutions
4.	College of Production Technology (Pty) Ltd
5.	Correctional Services Dept
6.	DB Schenker Logistics Campus MEA Pty Ltd
7.	Diversity technology Training Institute
8.	End 2 End Supply Chain Academy
9.	ERWAT
10.	EYETHU NATIONAL COMPUTER COLLEGE PTY LTD
11.	HILLCROSS BUSINESS SCHOOL (PTY
12.	K Boneng Consulting Services P
13.	Khulani HR Consultancy (Pty) Ltd
14.	KVR Training and Business Solutions Pty Ltd
15.	KZN Business Solutions And HR Management cc
16.	Masakhane Training and Consultant (Pty) Ltd
17.	Metro Minds
18.	Nedbank Ltd
19.	Phephani Learnerships cc
20.	RCH Investments (Pty) Ltd
21.	Royal Impression Academy
22.	TEST 3_18 March 2019
23.	Training Consultant and SD College
24.	Twin Mark Strategy and Management Consultants (Pty) Ltd
25.	Ukwakhile Projects Pty Ltd
26.	Varsity Institute of Science & Technology (Pty)Ltd
27.	Velile Supply Chain Consulting
28.	VSL General Trading CC
29.	WHSE Training College (Pty) Ltd
30.	Yes We Can Consulting Pty Ltd