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: 

Demonstrate an understanding of the role and function of financial management in the trade union environment 
SAQA US ID UNIT STANDARD TITLE
243852  Demonstrate an understanding of the role and function of financial management in the trade union environment 
ORIGINATOR
SGB Development 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 05 - Education, Training and Development Adult Learning 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
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 credited with this Unit Standard will be able to explain and interpret trade union specific income and expenditure statements, in order to make financial decisions. In particular, the learner will also be able to explain how social accounting is used within an organisation like the trade union.

The qualifying learner will be capable of:
  • Analysing and interpreting basic financial statements in a trade union context.
  • Interpreting financial statements in a range of contexts from a trade union perspective.
  • Explaining the meaning and practice of social accounting in an organisation.
  • Using the evidence in financial statements to inform decision making and future action. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners assessing this Unit Standard will have demonstrated competence in:
  • Communication at NQF Level 3 or equivalent.
  • Mathematical Literacy at NQF Level 3 or equivalent. 

  • UNIT STANDARD RANGE 
    Organisation refers to government, non-profit organisations, companies, civil society. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse and interpret basic financial statements in a trade union context. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Accounting terminology is explained in relation to trade union practice. 
    ASSESSMENT CRITERION RANGE 
    Accounting terms may include but are not limited to transparency, accountability, mandate seeking and financial responsibility.
     

    ASSESSMENT CRITERION 2 
    The basic elements of an income and expenditure statement are analysed according to generally accepted accounting practices (GAAP). 

    ASSESSMENT CRITERION 3 
    The basic elements of a balance sheet are analysed according to generally accepted accounting practices (GAAP). 

    ASSESSMENT CRITERION 4 
    An Assets and Liabilities statement is compiled in accordance with generally accepted accounting practices (GAAP) and trade union requirements. 

    ASSESSMENT CRITERION 5 
    Evidence is used in financial statements to make a financial decision. 

    SPECIFIC OUTCOME 2 
    Interpret financial statements in a range of contexts from a trade union perspective. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Financial statements of an organisation are interpreted in terms of their impact on the average worker. 
    ASSESSMENT CRITERION RANGE 
    Organisation includes corporate companies, public services, institutions and impact refers to ratio of company profit to wages of average worker. Average worker refers to workers at unionisable level (non-management).
     

    ASSESSMENT CRITERION 2 
    Financial statements of government and non-profit organisations are interpreted in terms of their impact on the working class. 
    ASSESSMENT CRITERION RANGE 
    Impact refers to budget priorities and social expenditure.
     

    ASSESSMENT CRITERION 3 
    The financial reporting structure of an organisation is described in line with organisation policy and procedure. 

    ASSESSMENT CRITERION 4 
    The reasons why financial operating procedures of an organisation should be known to workers are described with examples. 

    SPECIFIC OUTCOME 3 
    Explain the meaning and practice of social accounting in an organisation. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Social accounting is defined from a trade union perspective. 
    ASSESSMENT CRITERION RANGE 
    The understanding of social accounting considers the rural-urban divide, gender inequalities, disabilities and environmental practice.
     

    ASSESSMENT CRITERION 2 
    Features of social accounting are described in terms of their effect on accounting practices. 

    ASSESSMENT CRITERION 3 
    Applications of the principles of social accounting are identified and highlighted in financial statements. 

    ASSESSMENT CRITERION 4 
    Company's financial statements are assessed in order to determine what social accounting practices have been instituted. 

    SPECIFIC OUTCOME 4 
    Use the evidence in financial statements to inform decision-making and future action. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Evidence that requires action to be taken is identified and listed according to trade union principles and values and workers' needs. 
    ASSESSMENT CRITERION RANGE 
    Evidence may include but is not limited to disparities, over-spending, under-spending, inequalities in relation to social obligations, wasteful expenditure and priorities in relation to social obligations.
     

    ASSESSMENT CRITERION 2 
    Evidence is translated in order to inform and influence an action plan, strategies and policy. 

    ASSESSMENT CRITERION 3 
    An action plan is developed according to trade union requirements. 


    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 
  • Social accounting.
  • Generally Accepted Accounting Practices (GAAP).
  • Financial Statements. 

  • 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 assessing and interpreting of financial information. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others in order to obtain the required financial information. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities in such a way as to be able to conduct the financial analysis as and when required. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information pertaining to financial management within a trade union environment in order to interpret, analyse and develop action plans. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with authorised role players with regard to reporting structure. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to capture, store and process financial information pertaining to the financial management of a trade union. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate the world as a set of related systems in order to understand the role and function of financial statements from a trade unions perspective which will inform future strategies and financial success. 

    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  58337   Further Education and Training Certificate: Trade Union Practice  Level 4  NQF Level 04  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. Motheo Training Institute Trust 



    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.