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:

Interpret basic financial statements

SAQA US ID	UNIT STANDARD TITLE
117156	Interpret basic financial statements
ORIGINATOR
SGB Insurance and Investment
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-
FIELD			SUBFIELD
Field 03 - Business, Commerce and Management Studies			Finance, Economics and Accounting
ABET BAND	UNIT STANDARD TYPE	PRE-2009 NQF LEVEL	NQF LEVEL	CREDITS
Undefined	Regular	Level 4	NQF Level 04	4
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 replaces:

US ID	Unit Standard Title	Pre-2009 NQF Level	NQF Level	Credits	Replacement Status
10388	Interpret basic financial statements	Level 4	NQF Level 04	3

PURPOSE OF THE UNIT STANDARD

Learners who achieve this unit standard are able to interpret an income and expenditure statement and use information in the statement to make a financial decision.

The qualifying learner is capable of:

Analysing the basic elements of an income and expenditure statement.

Analysing the basic elements of a balance sheet.

Compiling a personal assets and liabilities statement.

Using the evidence in financial statements to make a financial decision.

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, Mathematical Literacy and Financial Literacy at NQF Level 3.

UNIT STANDARD RANGE

The typical scope of this unit standard is

Different types of financial statement including business, personal and organisation.

An enterprise could be a school, body corporate, club, church, small business, etc.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Analyse the basic elements of an income and expenditure statement.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

The purposes of an income and expenditure statement are explained and an indication is given of how often these statements are required for two case studies.

ASSESSMENT CRITERION 2

Sources of income and expenditure are identified for three different kinds of financial statements.

ASSESSMENT CRITERION RANGE

Kinds of financial statements include but are not limited to business (close corporates, listed companies, partnerships, public entities, SMMEs, and sole ownerships), personal, organisations (club, church). (Any three).

ASSESSMENT CRITERION 3

Sources of income and expenditure are explained with reference to an income and expenditure statement.

ASSESSMENT CRITERION 4

Three income and expenditure statements are examined and evaluated in terms of financial viability of the enterprise.

SPECIFIC OUTCOME 2

Analyse the basic elements of a balance sheet.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

The purpose of a balance sheet is explained and an indication is given of how often a balance sheet is necessary for two case studies.

ASSESSMENT CRITERION 2

A balance sheet is analysed and evaluated in terms of equity or financial net worth.

ASSESSMENT CRITERION 3

The concept of an asset is explained and the assets in a balance sheet are classified in terms of fixed and current assets.

ASSESSMENT CRITERION 4

The concept of a liability is explained and the liabilities in a balance sheet are classified in terms of long term and current liabilities.

ASSESSMENT CRITERION 5

Balance sheets for an entity are compared and evaluated in terms of performance over two years and a decision is made based on evidence in the balance sheet.

SPECIFIC OUTCOME 3

Compile a personal assets and liabilities statement.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

A personal assets and liabilities statement is compiled based on own financial situation over the past year.

ASSESSMENT CRITERION 2

The situations when an assets and liabilities statement are required are listed and an indication is given of the advantages of keeping such records.

SPECIFIC OUTCOME 4

Use the evidence in financial statements to make a financial decision.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

The financial strengths and weaknesses of an entity are analysed and suggestions are made of ways to improve income and reduce costs.

ASSESSMENT CRITERION 2

The concept of a cost to income ratio is explained and suggestions are made on how to improve the ratio.

ASSESSMENT CRITERION 3

The relationship between turnover, income, revenue, sales/earnings and profit is explained with examples.

ASSESSMENT CRITERION 4

The concept of cash flow is explained in terms of liquidity.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

N/A

UNIT STANDARD DEVELOPMENTAL OUTCOME

N/A

UNIT STANDARD LINKAGES

N/A

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO IDENTIFYING

The learner is able to identify, solve problems and make decisions based on the information in basic financial statements.

UNIT STANDARD CCFO ORGANISING

The learner is able to organise and manage him/herself effectively compiling a personal assets and liabilities statement.

UNIT STANDARD CCFO COMMUNICATING

The learner is able to communicate effectively using visual, mathematics and language skills in the modes of oral and written presentation when evaluating the strengths and weaknesses of an entity.

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 has replaced 10388 which was "Interpret basic financial statements", Level 4 with 3 credits

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Core	58376	Further Education and Training Certificate: Bookkeeping	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	FASSET
Core	57901	Further Education and Training Certificate: Credit Management	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	FASSET
Core	59298	Further Education and Training Certificate: Freight Forwarding and Customs Compliance	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	TETA
Core	65989	Further Education and Training Certificate: Human Settlements Development	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	CETA
Core	49155	Further Education and Training Certificate: Shipping	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	TETA
Core	48883	Further Education and Training Certificate: Small Business Advising (Information Support)	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	SERVICES
Core	65669	Further Education and Training Certificate: Thoroughbred Horse Racing	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	CATHSSETA
Core	48888	National Diploma: Hiring Operations Management	Level 5	NQF Level 05	Passed the End Date - Status was "Reregistered"	2016-12-31	SERVICES
Fundamental	49649	Further Education and Training Certificate: Long-term Insurance	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	INSETA
Fundamental	49529	Further Education and Training Certificate: Long-Term Risk Assessment	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	INSETA
Fundamental	49356	Further Education and Training Certificate: Medical Claims Assessing	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	INSETA
Fundamental	66609	Further Education and Training Certificate: Retail Insurance	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Fundamental	66610	Further Education and Training Certificate: Short Term Insurance	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-07-30	As per Learning Programmes recorded against this Qual
Fundamental	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
Fundamental	66613	Further Education and Training Certificate: Wealth Management	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Elective	67465	National Certificate: Business Administration Services	Level 3	NQF Level 03	Passed the End Date - Status was "Reregistered"	2023-07-30	As per Learning Programmes recorded against this Qual
Elective	72051	National Certificate: Electrical Engineering	Level 3	NQF Level 03	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Elective	49089	National Certificate: Financial Services	Level 3	NQF Level 03	Passed the End Date - Status was "Reregistered"	2023-06-30	INSETA
Elective	61591	National Certificate: Information Technology: End User Computing	Level 3	NQF Level 03	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Elective	50479	Further Education and Training Certificate: Advertising	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	MICTS
Elective	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
Elective	72052	Further Education and Training Certificate: Electrical Engineering	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Elective	67461	Further Education and Training Certificate: Event Support	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Elective	66489	Further Education and Training Certificate: Foundry Operations	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2013-11-07	MERSETA
Elective	57712	Further Education and Training Certificate: Generic Management	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Elective	48915	Further Education and Training Certificate: Manufacturing and Assembly Operations Supervision	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	MERSETA
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	58779	Further Education and Training Certificate: Production Technology	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	MERSETA
Elective	58800	Further Education and Training Certificate: Project Support Services	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	SERVICES
Elective	67697	Further Education and Training Certificate: Sport Administration	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Elective	58337	Further Education and Training Certificate: Trade Union Practice	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	ETDP SETA
Elective	36153	National Certificate: Polymer Composite Fabrication	Level 4	Level TBA: Pre-2009 was L4	Passed the End Date - Status was "Reregistered"	2023-06-30	MERSETA
Elective	49397	National Certificate: Wholesale and Retail Operations Supervision	Level 4	Level TBA: Pre-2009 was L4	Passed the End Date - Status was "Reregistered"	2023-06-30	W&RSETA
Elective	57611	National Certificate: 2D Animation	Level 5	Level TBA: Pre-2009 was L5	Passed the End Date - Status was "Reregistered"	2023-06-30	MICTS
Elective	58394	National Certificate: Film and Television Production	Level 5	Level TBA: Pre-2009 was L5	Passed the End Date - Status was "Reregistered"	2023-06-30	MICTS
Elective	58978	National Certificate: Journalism	Level 5	Level TBA: Pre-2009 was L5	Passed the End Date - Status was "Reregistered"	2023-06-30	MICTS
Elective	49710	National Diploma: Development Practice	Level 5	NQF Level 05	Passed the End Date - Status was "Reregistered"	2023-06-30	ETDP SETA

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.	Abantu Sikhona Trading and Projects (Pvt) Ltd
2.	Academy at Vaal Triangle (AVT
3.	Action for Blind and Disabled
4.	All Connections
5.	Aspirations Communication Training CC
6.	Atvance Institute (Pty) Ltd
7.	Balefile Trading and Services
8.	BES EMPOWERMENT COLLEGE
9.	BLC Entertainment
10.	Bokamoso Skills and Economic Development Centre
11.	BPL Academy
12.	Century Business Academy
13.	College Africa Group (Pty) Ltd
14.	CSL Accountants
15.	DB Schenker Logistics Campus MEA Pty Ltd
16.	Divine Academy Skills Training
17.	Eagle Computer Training
18.	Ebn-Tec
19.	Ekasi IT Solutions Centre
20.	Ekurhuleni Artisans and Skills Training Centre Pty Ltd
21.	Elangeni Training Institute
22.	Elchees Software Solutions
23.	Eshybrand Pty Ltd
24.	EYETHU NATIONAL COMPUTER COLLEGE PTY LTD
25.	FBT Consultants CC
26.	Finweb Business Consultancy
27.	Foster-Melliar (Pty) Ltd
28.	Fourways Private College
29.	Frayintermedia Cc
30.	Gemini Training And Development Pty Ltd
31.	Global Institute for Capacity
32.	HAVOHEJ CONSULTANCY
33.	Hazyview Computer College
34.	HILLCROSS BUSINESS SCHOOL (PTY
35.	Hlanganani ICT (Pty) Ltd
36.	Ikusasalethu Youth Development Project NPC
37.	Imperial Crown Trading 490 Pty Ltd
38.	INFINITUS TRAINING SOLUTION (PTY) LTD
39.	Inqubeko Institute (Pty) Ltd
40.	Institute of Sport Education and Training
41.	IT Academy
42.	Jeppe College of Commerce and
43.	K Boneng Consulting Services P
44.	K Centre Business Enterprise (PTY) LTD
45.	Loomee Group
46.	Masakhane Training and Consult
47.	Metro Minds
48.	Mogapi Education Group (Pty) Ltd
49.	Mothusi Management Consultants
50.	Moving Ahead Development Agenc
51.	Musengavhadzimu Media
52.	Natfin Holdings Pty Ltd
53.	Ndulita Solutions
54.	P and R Development and Training (Pty) Ltd
55.	Pappilon Life and Business Coaching (Pty) Ltd
56.	Polokwane Technology Institute (Pty) Ltd
57.	Prior Learning Centre
58.	PROEXPERT TRAINING
59.	Proffessional Development Psycle (Pty) Ltd
60.	Progressive School of Business
61.	PROTEA COIN GROUP (ASSETS IN TRANSIT AND ARMED REACTION)
62.	PRX SCHOOL TEST
63.	QUALITATIVE INNOVATIVE SOLUTIONS
64.	QUARPHIX (PTY) LTD
65.	Rand International Management and Training Consultants (Pty) Ltd
66.	Redefine Human Capital (PTY) L
67.	Richfield Graduate Institute of Technology Pty Ltd
68.	Robertsons Cargo Consultancy
69.	Robertsons Cargo Consultancy (Pty) Ltd
70.	Rostec Technical FET College (Pty) Ltd
71.	Sabile Human Resources Consult
72.	SADHANA GOVENDER PROJECT CONSULTANTS (PTY)LTD
73.	SANDM IT TRAINING (PTY) LTD
74.	Sbongukhanyo Pty Ltd
75.	Silulo Ulutho Technologies
76.	SSG TRAINING ACADEMY (PTY) Ltd
77.	Synergistic Covenant Network NPO
78.	Tachfin Holdings Pty Ltd
79.	Techtisa (pty) Ltd
80.	The Finishing College (Pty) Lt
81.	Titan Trade Technologies
82.	Together Lifestyle Resort Pty Ltd
83.	TOMM TRAINING SOLUTIONS (PTY) LTD
84.	TORQUE TECHNICAL COMPUTER TRAINING PTY LTD
85.	Varsity Institute of Science & Technology (Pty)Ltd
86.	Wellinkwise Pty Ltd
87.	Whitestone College
88.	Yes We Can Consulting Pty Ltd
89.	ZA WIT (PTY) LTD
90.	Zealot Business College