Finance Training for Supervisors

www.trainyoucan.co.za

TRAINYOUCAN Accredited Training Network | REG. 2009-150422-23 |  Accreditation: ETDP SETA – ETDP10687 | BEE 201310-21 – Level 4 | TEL 0867227014 | TEL. 0825507946 | FAX. 0865824312 | PostNet Suite 121, Private Bag X04, Dalbridge, 4014

COURSE SUMMARY

  • Short name:   Basic Financial Aspects
  • Full description: Use mathematics to investigate and monitor the financial aspects of personal, business and national issues
  • Accredited: Yes, WR SETA NQF Accredited
  • SETA: Wholesale and Retail Sector Education & Training Authority (WR Seta)  www.wrseta.org.za
  • NQF: 3
  • Credits: 5
  • Duration: 1 day
  • Re-Assessment fees: None
  • Assignment extensions: Up to 18 months at no additional cost.
  • Hidden fees: None
  • Workshops: Weekly in Durban
  • Recognition: Based on the National Qualifications Framework that is Nationally Accepted in South Africa
  • Success rate of learner: Our success rate for complete assignments and certified learners currently is estimated at 99%.
  • Short-cuts: We don’t take any short-cuts such as POE building in the class and follow all the guidelines stipulated by SAQA and the SETA.
  • Discounts: We offer a members discount for returning students, pensioners and NGO discount. Group discounts on own venues are also offered.

SUPPORTING STRUCTURES

Currently we have the following supporting structures in place for our members:

  • Telephone support 7 days a week.
  • Whatsapp –
    • Cell. 0825507946 Tel. 0867227014 English.
    • Cell. Zulu 0727372733 Tel. 0318115749 English/Zulu.
  • Helpdesk – www.help.trainyoucan.co.za – 7 days a week (integrated email and sms notifications).
  • Weekly workshops in Durban on Fridays between 8am and 12am.
  • Skype support – contact helpdesk for details.
  • Members private forum with model answers to all  activities including JOB opportunities.

COURSE DETAIL

  •  This course is based on the Unit Standards 114902 – click here to read more
  • People credited with this unit standard are able to:
    • Use mathematics to plan and control personal and/or household budgets and income and expenditure.
    • Use simple and compound interest to make sense of and define a variety of situations including investments, stokvels, inflation, appreciation and depreciation.
    • Investigate various aspects of financial transactions including costs, prices, revenue, cost price, selling price, loss and profit.
  • Purpose of the course:
    • This unit standard will be useful to people who aim to achieve recognition at some level in Further Education and Training or to meet the Fundamental requirement of a wide range of qualifications registered on the National Qualifications Framework.
  • Each learner will receive a learner guide and workbook during the contact session that will assist them with the building of their POE (Portfolio of Evidence).
  • Learner will receive full instruction from us before the course to assist with the preparation of the course. Where possible additional resources will be provided to learners who are not able to get there resources.
  • Learners are required to apply skills and knowledge obtained on the course in the workplace. As learners apply these skills, they produce evidence, which needs to be compiled into a portfolio of evidence (POE). This POE is submitted to Trainyoucan for assessment. Learners will receive a workbook and portfolio guide, which will guide them through the process. Any additional resources required will be provided by Trainyoucan to the learner, free of charge.

WHO SHOULD ATTEND

General Public, as this course include plan and control personal and/or household budgets, income, expenditure. Also include general knowledge of investments, stokvels, inflation, appreciation and depreciation, costs, prices, revenue, cost price, selling price, loss and profit.

  • General Staff
  • Administration Staff
  • Accounting entry level staff
  • Sales people
  • Cash handling staff

ENROLMENT REQUIREMENTS

  • The credit calculation is based on the assumption that learners are already competent in the learning area in which they will provide training. (Have scope or experience to train in a specific field.)
  • Minimum of 14 days workplace experience in training or facilitation. (part time or full time)
  • Basic communication skills (English = reading and writing skills on a NQF level 2 (Grade 8 or equal))
  • Able to attend the contact session and any of our workshops offered.
  • Access to email and where possible to the internet for research.

Learner preparation for the contact session (Classroom Training)

 COMPULSORY:

  • Attending the full contact session. (Classroom Session)
  • Copy of ID and CV for registration purposes. (Indicating previous workplace experience)
  • Pen and paper.
  • A4 lever arch file + 12 dividers. (Cheap dividers)

PROCESS FLOW

  1. Enrol as a learner with Trainyoucan by completing the application form. (PDF document or the online enrolment)
  2. Attend the contact session with Trainyoucan. (Each course starts with a 2 hour induction on the SETA’s and explaining the accreditation process. (Most of the learners find this very useful.)
  3. We provide you with all the learning material that you need, including a workbook that you must complete. (Outside the classroom as required by the Unit Standard and OBE Learning)
  4. You complete the workbook and submit this to our offices for assessments, or you can attend any of our FREE workshops for additional support. Any person who attended any of our courses can attend our workshops for FREE. One of the assessors can also evaluate your POE (Portfolio of Evidence) during the workshop and provide you feedback immediately.
  5. Your POE is submitted to our Assessors that will complete the assessment process and provide directly feedback to you through our online tracking system.
  6. Your file is scheduled for verification with the relevant SETA and uploaded on completion. Your final Certificate will only be issued once the SETA verified your POE for security reasons and a final SOR will be issues. (SOR, also called the “Statement of Results” will be issued by the relevant SETA once the process was completed). You MUST receive your SOR one completion from any provider as proof that you were registered. NO SOR = NO ACCREDITATION. (Bear in mind that this process can take up to 3 months to complete.
  7. We provide you with all the guidance and resources to register with the relevant SETA of your choice.

ACCREDITATION AND QUESTIONS YOU SHOULD ASK

The criteria for the accreditation of training providers define a number of requirements that include:

      • Administrative procedures and record keeping and policies.
      • Management review
      • Authorization of affiliates
      • Tutor selection, training and performance review
      • Issuance of training certificates
      • Learner Support
      • Delivery, Assessment and Moderation practices

NOTE: There are basically two different types of accreditation:

    1. The training provider or the institute must be accredited by a SETA. “ETQA” (Their offices, policies and procedures. This can be any SETA = does not matter what type of courses they offer.)
    2. Each learning programme or qualification is accredited with the relevant SETA “ETQA” who is responsible for this programme. Also note that the word “accreditation” does not mean they SETA accredited. It must say “NQF Accredited”.

 Before you can start with any course you should ask the following questions:

    • Is the course accredited and with what SETA?
    • What is the process and duration from start to completion?
    • Are there any additional fees for support to re-submission?
    • Entry Requirements? Do you charge for registration and why?
    • What discount can I get if I do more courses with your institute?
    • What after support and resources to you offer?

 COPY OF THE UNIT STANDARD

logoAll 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:

Use mathematics to investigate and monitor the financial aspects of personal, business and national issues
SAQA US ID UNIT STANDARD TITLE
7456 Use mathematics to investigate and monitor the financial aspects of personal, business and national issues
ORIGINATOR ORIGINATING PROVIDER
SGB Math Literacy, Math, Math Sciences L 2 -4
QUALITY ASSURING BODY
FIELD SUBFIELD
Field 10 – Physical, Mathematical, Computer and Life Sciences Mathematical Sciences
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined Regular-Fundamental Level 3 NQF Level 03 5
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered 2012-07-01 2015-06-30 SAQA 0695/12
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2016-06-30 2019-06-30

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 will be useful to people who aim to achieve recognition at some level in Further Education and
Training or to meet the Fundamental requirement of a wide range of qualifications registered on the National
Qualifications Framework.

People credited with this unit standard are able to:

Use mathematics to plan and control personal and/or household budgets and income and expenditure.

Use simple and compound interest to make sense of and define a variety of situations including investments, stokvels, inflation, appreciation and depreciation.

Investigate various aspects of financial transactions including costs, prices, revenue, cost price, selling price, loss and profit.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING
The credit value is based on the assumption that people starting to learn towards this unit standard are competent in Mathematics and Communications at NQF level 2.

UNIT STANDARD OUTCOME HEADER
Use mathematics to plan and control personal, regi

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1
Use mathematics to plan and control personal, regional and/or national budgets and income and expend
OUTCOME NOTES
1.1 Plans describe projected income and expenditure realistically.

1.2 Calculations are carried out using computational tools efficiently and correctly and solutions obtained are verified in terms of the context.

1.3 Budgets are presented in a manner that makes for easy monitoring and control.

1.4 Actual income and expenditure is recorded accurately and in relation to planned income and expenditure. Variances are identified and explained and methods are provided for control.
OUTCOME RANGE
Bank accounts, provincial and key elements of national budgets and tax.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1
Use mathematics to plan and control personal, regional and/or national budgets and income and expenditure.
ASSESSMENT CRITERION NOTES
1.1 Plans describe projected income and expenditure realistically.

1.2 Calculations are carried out using computational tools efficiently and correctly and solutions obtained are verified in terms of the context.

1.3 Budgets are presented in a manner that makes for easy monitoring and control.

1.4 Actual income and expenditure is recorded accurately and in relation to planned income and expenditure. Variances are identified and explained and methods are provided for control.
ASSESSMENT CRITERION RANGE
Bank accounts, provincial and key elements of national budgets and tax.

SPECIFIC OUTCOME 2
Use simple and compound interest to make sense of and define a variety of situations.
OUTCOME NOTES
2.1 The differences between simple and compound interest are described in terms of their common applications and effects.

2.2 Methods of calculation are appropriate to the problem types.

2.3 Computational tools are used efficiently and correctly and solutions obtained are verified in terms of the context or problem.

2.4 Solutions to calculations are used effectively to define the changes over a period of time.
OUTCOME RANGE
Effective and nominal rates, commission, appreciation and depreciation.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1
Use simple and compound interest to make sense of and define a variety of situations.
ASSESSMENT CRITERION NOTES
2.1 The differences between simple and compound interest are described in terms of their common applications and effects.

2.2 Methods of calculation are appropriate to the problem types.

2.3 Computational tools are used efficiently and correctly and solutions obtained are verified in terms of the context or problem.

2.4 Solutions to calculations are used effectively to define the changes over a period of time.
ASSESSMENT CRITERION RANGE
Situations include:

Effective and nominal rates, commission, appreciation and depreciation.

SPECIFIC OUTCOME 3
Use mathematics to debate aspects of the national economy.
OUTCOME NOTES
3.1 Values are calculated correctly.

3.2 Mathematical tools and systems are used effectively to determine, compare and describe aspects of the national economy.

3.3 Debating points are based on well-reasoned arguments and are supported by mathematical information.
OUTCOME RANGE
Tax, productivity and the equitable distribution of resources.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1
Use mathematics to debate aspects of the national economy.
ASSESSMENT CRITERION NOTES
3.1 Values are calculated correctly.

3.2 Mathematical tools and systems are used effectively to determine, compare and describe aspects of the national economy.

3.3 Debating points are based on well-reasoned arguments and are supported by mathematical information.
ASSESSMENT CRITERION RANGE
Tax, productivity and the equitable distribution of resources.
UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE
The following essential embedded knowledge will be assessed by means of the specific outcomes in terms of the stipulated assessment criteria. Candidates are unlikely to achieve all the specific outcomes, to the standards described in the assessment criteria, without knowledge of the listed embedded knowledge. This means that the possession or lack of the knowledge can be inferred directly from the quality of the candidate`s performance against the standards.

Budgets.

Terminology and definitions associated with financial situations.

Estimation and approximation.

Compound increase and decrease.

www.trainyoucan.co.za

TRAINYOUCAN Accredited Training Network | REG. 2009-150422-23 |  Accreditation: ETDP SETA – ETDP10687 | BEE 201310-21 – Level 4 | TEL 0867227014 | TEL. 0825507946 | FAX. 0865824312 | PostNet Suite 121, Private Bag X04, Dalbridge, 4014