SAQA

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SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:

Apply basic invoicing and accounting principles

SAQA US ID	UNIT STANDARD TITLE
252435	Apply basic invoicing and accounting principles
ORIGINATOR
SGB Transport and Logistics Operations
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-
FIELD			SUBFIELD
Field 11 - Services			Transport, Operations and Logistics
ABET BAND	UNIT STANDARD TYPE	PRE-2009 NQF LEVEL	NQF LEVEL	CREDITS
Undefined	Regular	Level 3	NQF Level 03	6
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 replaces:

US ID	Unit Standard Title	Pre-2009 NQF Level	NQF Level	Credits	Replacement Status
11241	Perform Basic Business Calculations	Level 3	NQF Level 03	6

PURPOSE OF THE UNIT STANDARD

The person credited with this Unit Standard will be able to perform routine financial transactions and calculations and need to apply the processes and procedures necessary to initiate the recording of disbursements and revenues, and to understand the financial implications to the organisation of each element in the transaction.

The qualifying learner is capable of:

Explaining items of expenditure and revenue.

Explaining fixed and variable costs.

Performing invoicing operations and post amounts to the appropriate accounts.

Reconciling and identifying individual transactions with statements of accounts.

Identifying and disbursing the items on behalf of the organisation to be recovered in the invoicing process.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Learners accessing this qualification will be assumed competent in:

Communication at NQF Level 2 or equivalent.

Mathematical Literacy at NQF Level 2 or equivalent.

UNIT STANDARD RANGE

N/A

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Explain items of expenditure and revenue.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

A definition of expenditure is provided in the context of freight forwarding and customs clearing.

ASSESSMENT CRITERION 2

A definition of revenue is provided in the context of freight forwarding and customs clearing.

ASSESSMENT CRITERION 3

The difference between expenditure and revenue are explained as they apply to freight forwarding.

SPECIFIC OUTCOME 2

Explain fixed and variable costs.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

Fixed cost is defined with examples.

ASSESSMENT CRITERION 2

Variable cost is defined with examples.

ASSESSMENT CRITERION 3

Three examples are provided where fixed costs could happen.

ASSESSMENT CRITERION 4

Examples are provided where variable costs could be confused as fixed costs.

ASSESSMENT CRITERION RANGE

Three examples must be given.

ASSESSMENT CRITERION 5

The consequences of a variable cost being confused as a fixed cost is explained with examples.

SPECIFIC OUTCOME 3

Perform invoicing operations and post amounts to the appropriate accounts.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

An invoice is prepared which has items of expenditure and items revenue for a sea freight shipment for a full container load and import which has paid customs duty, duty schedule, and the ocean freight is on a collect basis.

ASSESSMENT CRITERION 2

An invoice is prepared for an air freight export shipment which has items of expenditure and items of revenue where the master airway bill is collected, insurance must be invoiced as well as cartage collection charges.

ASSESSMENT CRITERION 3

The expenditure items must be posted to the appropriate accounts for both the seafreight and airfreight invoices.

ASSESSMENT CRITERION 4

A record is made up of the over-recoveries of the items of expenditure which must later be taken to profit.

SPECIFIC OUTCOME 4

Reconcile and identify individual transactions with statements of accounts.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

Ocean freight or air freight is identified as items of the organisations invoices.

ASSESSMENT CRITERION 2

Cartage is identified as an item of the company's invoices and statements from the transporter taking into account all over-and-under recoveries.

ASSESSMENT CRITERION 3

All landside and surface charges are identified including port authority charges, airline charges, depot charges and carrier's handling.

ASSESSMENT CRITERION 4

All customs and charges are identified and reconciled with bills of entries, statements and deferment accounts.

ASSESSMENT CRITERION 5

Other disbursements charges are identified and reconciled with invoices from those parties taking into account all over-and-under recoveries.

ASSESSMENT CRITERION RANGE

Other disbursements may include but is not limited to other agents', storage charges, packing, fumigation, inspection, insurance.

ASSESSMENT CRITERION 6

Supplementary charges from outside parties are identified and reconciled to the organisations invoice taking into account all over-and-under recoveries.

ASSESSMENT CRITERION 7

Supplementary invoices are disbursed by the organisation and account for all disbursement items which have been invoiced.

ASSESSMENT CRITERION 8

Reconciliation is made between the invoices and statement of accounts.

SPECIFIC OUTCOME 5

Identify and disburse the items on behalf of the organisation to be recovered in the invoicing process.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

Cartage charges as disbursed by the organisation, are identified and posted to the cartage disbursement account.

ASSESSMENT CRITERION 2

Storage charges as disbursed by the organisation are identified and posted to the storage disbursement account.

ASSESSMENT CRITERION 3

All special charges such as extra attendance are disbursed by the organisation are identified and posted to the disbursement accounts.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

An individual wishing to be assessed (including through RPL) against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA.

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 conducted by the relevant ETQA at its discretion.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

Concepts of disbursements and revenue.

Principles of fixed and variable costs.

Processes and procedures involved in invoicing.

Processes and procedures involved in reconciliations.

An appreciation of the consequences of under recovery and disbursements.

UNIT STANDARD DEVELOPMENTAL OUTCOME

N/A

UNIT STANDARD LINKAGES

N/A

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO IDENTIFYING

Identify and solve problems related to the invoicing and accounting practices.

UNIT STANDARD CCFO WORKING

Work effectively with others to ensure that all figures are obtained and reconciled to meet the organisations needs.

UNIT STANDARD CCFO ORGANISING

Organise and manage oneself and one's activities in such a way as to have an alternative plan available should problems arise in the reconciliation and invoicing process.

UNIT STANDARD CCFO COLLECTING

Collect, analyse, organise and critically evaluate information pertaining to the information required for invoicing and reconciling of accounts.

UNIT STANDARD CCFO SCIENCE

Use science and technology to process all the data.

UNIT STANDARD CCFO DEMONSTRATING

Demonstrate an understanding of the world as a set of related systems whereby poor reconciliation practices provide inaccurate financial information.

UNIT STANDARD CCFO CONTRIBUTING

In order to contribute to the full personal development of each learner and the social and economic development of society at large, it must be the intention underlying any programme of learning to make an individual aware of the importance of:

Participating as responsible citizens in the life of local, national and global communities in the process of invoicing and reconciling accounts.

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

This unit standard replaces unit standard 11241, which is "Perform basic business calculations", NQF Level 3, 6 credits.

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Core	59365	National Certificate: Freight Forwarding and Customs Compliance	Level 3	NQF Level 03	Passed the End Date - Status was "Reregistered"	2023-06-30	TETA
Elective	74189	National Certificate: Cereals, Snacks, Pasta and Condiments Manufacturing	Level 3	NQF Level 03	Passed the End Date - Status was "Reregistered"	2023-06-30	FOODBEV
Elective	63929	National Certificate: Spirits Production	Level 3	NQF Level 03	Passed the End Date - Status was "Reregistered"	2023-06-30	FOODBEV
Elective	63869	National Certificate: Winemaking	Level 3	NQF Level 03	Passed the End Date - Status was "Reregistered"	2023-06-30	FOODBEV

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.

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38.	College Africa Group (Pty) Ltd
39.	Columbus Consulting Pty Ltd
40.	Common Vision Young Specialist Trading cc
41.	COMPUSTEPS COLLEGE (PTY) LTD
42.	CSL Accountants
43.	CYBAX SYSTEMS
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47.	Decade Pulse (Pty) Ltd
48.	Dee's Training (Pty) Ltd
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55.	ED-U Options Academy
56.	Ekasi IT Solutions Centre
57.	Ekurhuleni Artisans and Skills Training Centre Pty Ltd
58.	Elangeni Training Institute
59.	Elchees Software Solutions
60.	Emalahleni Institute of Techno
61.	Enter on Stilts
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63.	Eshybrand Pty Ltd
64.	EYETHU NATIONAL COMPUTER COLLEGE PTY LTD
65.	Finweb Business Consultancy
66.	Foster-Melliar (Pty) Ltd
67.	Fourways Private College
68.	Futurekids SA (Fochville)
69.	Genii Institute PTY LTD
70.	Gert Sibande FET College
71.	Gigimo Tourism Academy
72.	Global Institute for Capacity
73.	Global Maritime Legal Solutions Pty Ltd
74.	Global Star Trading (Pty) Ltd
75.	Greater Tzaneen Community Foundation
76.	Growth Management Consulting cc
77.	Gurandbuilt Management Development
78.	HAVOHEJ CONSULTANCY
79.	Hazyview Computer College
80.	HILLCROSS BUSINESS SCHOOL (PTY
81.	Hlanganani ICT (Pty) Ltd
82.	Home of Compassion/Grace Ministries
83.	HUAWEI Technologies Africa (PTY) LTD
84.	iCollege College
85.	Ikusasa Technology Solutions
86.	Ikusasalethu Youth Development Project NPC
87.	iLearn Corporate Services PTY LTD
88.	Imbizo Training and Development Consultants Cc
89.	Information Technology Resource Centre
90.	Innovative Shared Services
91.	Inqubeko Institute (Pty) Ltd
92.	IT Academy
93.	IT-HI-Q Training (PTY) Ltd
94.	Iyam Training Services
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96.	K Boneng Consulting Services P
97.	K Centre Business Enterprise (PTY) LTD
98.	KDS Centre for Skills Development and Training Pty Ltd
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100.	Keybase Training Solutions Cc
101.	KN Training Specialist
102.	KT Mobile Services
103.	Kundani Trading
104.	L and P Computer Academy Pty Ltd
105.	Learning Exchange Pty (Ltd)
106.	Leseding Computer Systems
107.	LETAGO DEVELOPMENT CONSULTING
108.	LIMPOPO COMPUTER COLLEGE BK
109.	LINDAMAHLE MANAGEMENT SYSTEMS (PTY) LTD
110.	Loomee Group
111.	LYFE COMPUTER TECHNOLOGIES (PTY) LTD
112.	Makhophila Training
113.	Maritime Business Institute
114.	Masakhane Training and Consult
115.	Mash Computer Training
116.	MBOWA COLLEGE PTY LTD
117.	Metanoia Ratings PTY LTD
118.	Metro Minds
119.	MMELA VILLAGE TECHNOLOGIES (PT
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122.	Moripe Business Training and C
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128.	Mthonyama Technologies cc
129.	Mufuka Business and Technical
130.	Musengavhadzimu Media
131.	Nape Angwato Trading
132.	Natfin Holdings Pty Ltd
133.	NBC Technologies
134.	Ncameni Kasizane Skills Development PTY LTD
135.	NCC - Vereeniging
136.	Ndulita Solutions
137.	New Link Computer Skills
138.	Nolwazi Stem Education for The
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140.	Ntamunde Investment
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142.	NW Avuxeni Computer Academy
143.	Nyankwavi Inverstment
144.	Nyathela Business College
145.	Nyelati Trading Enterprise
146.	Olrich Home of Technology
147.	On the Ball College Pty ltd
148.	OPELONG BUSINESS INSTITUTE (PT
149.	Open Learning Group
150.	P and R Development and Training (Pty) Ltd
151.	Paramixed Pty Ltd
152.	Parkton College of Catering & Tourism Studies
153.	Peo Entle HIV Wellness Management and Youth Skills Development NPO
154.	Pioneer Business Consulting
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157.	Priha Projects Pty Ltd
158.	Progressive School of Business
159.	Prophesy Training College (Pty) Ltd
160.	PRX SCHOOL TEST
161.	Quantum Leap College Pty Ltd
162.	QUARPHIX (PTY) LTD
163.	Ramotec Business College
164.	Rand Training College
165.	Redefine Human Capital (PTY) L
166.	Richfield Graduate Institute of Technology Pty Ltd
167.	Robertsons Cargo Consultancy
168.	Robertsons Cargo Consultancy (Pty) Ltd
169.	Rostec Technical FET College (Pty) Ltd
170.	Royal Impression Academy
171.	SA Maritime School and Transport College
172.	Sabile Human Resources Consult
173.	SANDM IT TRAINING (PTY) LTD
174.	School of Shipping
175.	SED Computer Academy
176.	Sesk Facilitation Development (PTY) LTD
177.	Silulo Ulutho Technologies
178.	Sisekelo Sustainability Institute
179.	SIYAFUNDA COMMUNITY TECHNOLOGY CENTRE NPC
180.	Skills Unlimited
181.	SOUTH AFRICAN CORPORATE TRAINING ASSOCIATION (PTY) LTD
182.	Spears Business and Life Couch Consulting (Pty) Ltd
183.	SPLS Consultants (Pty) Ltd
184.	SUCCESS BUILDERS INTERNATIONAL CC
185.	Success Christian Training Cen
186.	Succinct Investments (Pty) Ltd
187.	SUPREME ICT CONSULTANTS
188.	Synergistic Covenant Network NPO
189.	Tech-Com Solutions cc
190.	Techtisa (pty) Ltd
191.	Terrawood
192.	Terry Computer Services cc
193.	Thalita Koume Directions (Pty) Ltd
194.	The Finishing College (Pty) Lt
195.	THE SKILLS DEVELOPMENT CORPORA
196.	Think Tank T2 (Pty) Ltd
197.	Titan Trade Technologies
198.	Tlou Foundation College
199.	TORQUE TECHNICAL COMPUTER TRAINING PTY LTD
200.	Training Consultant and SD College
201.	Tshwane College of Commerce an
202.	Tsima Consulting Development S
203.	TSP COLLEGE
204.	TURFLOOP TRAINING SERVICES CC
205.	Ubuhlanti Sances Trading (Pty) Ltd
206.	Ukwazi Academy and Corporate S
207.	Umbrella Training and Development
208.	Umbusi Consulting Services
209.	UTHINGO BRITE SERVICES
210.	Varsity Institute of Science & Technology (Pty)Ltd
211.	Visionary Skill Academy
212.	Vukani Solutions
213.	VUTHLARI MARKETING CONSULTING
214.	Waterberg TVET College
215.	Wellinkwise Pty Ltd
216.	Whitestone College
217.	WORK SKILLS RESOURCES CC
218.	Working Solution International
219.	Xylo Trading 12 (Pty) Ltd
220.	YITRO INNOVATIONS
221.	Yonet Training Academy
222.	Youth Media Movement
223.	ZA WIT (PTY) LTD
224.	Zealot Business College
225.	Zikode Development Trust
226.	ZIPHELELE RURAL DEVELOPMENT AC