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: 

Provide advice on financial management 
SAQA US ID UNIT STANDARD TITLE
12974  Provide advice on financial management 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
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 7  Level TBA: Pre-2009 was L7  12 
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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
People credited with this unit standard are generally found within the financial management field. On successful completion of the unit standard, people will be able to provide advice to clients on a wide variety of financial management areas. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Unit standard, Select and apply financing instruments for effective risk minimisation in the valuation of business entity and financial assets, NQF level 6. 

UNIT STANDARD RANGE 
Investment, financing, dividend decisions, change in ownership transactions, management of working capital, foreign exchange and investments. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Demonstrate an understanding of the functions of financial management. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The functions of financial management are explained to clients in a meaningful manner. 

ASSESSMENT CRITERION 2 
2. The objective of the firm's financial management is described in terms of wealth creation and shareholder value maximisation. 

ASSESSMENT CRITERION 3 
3. Elements of strategic financial management are explained in order to ensure client understanding. 
ASSESSMENT CRITERION RANGE 
Forms of business organisations, Environmental factors, Efficiency of markets, Socio-economic conditions, Shareholders versus management.
 

SPECIFIC OUTCOME 2 
Provide advice on the management of working capital, foreign exchange, investments. 
OUTCOME NOTES 
Provide advice on the management of working capital, foreign exchange, investments and change in ownership transactions. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. Working capital, foreign exchange, investments and change in ownership transactions are assessed in order to present recommendations and provide advice to clients. 

ASSESSMENT CRITERION 2 
2. Clients are advised on the management of working capital in relation to accounts receivable, inventories and accounts payable. 

ASSESSMENT CRITERION 3 
3. Advice on foreign exchange is provided to clients that complies with current treasury trends and related legislation. 

ASSESSMENT CRITERION 4 
4. Capital investments appraisals are conducted in accordance with generally accepted investment issues, in order to provide value-adding advice to clients. 

ASSESSMENT CRITERION 5 
5. Advice on change in ownership transactions is provided to clients in line with current related legislation. 

SPECIFIC OUTCOME 3 
Advise clients in a professional manner. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. A professional code of ethics is exercised when providing advise to clients in accordance with national and international standards. 

ASSESSMENT CRITERION 2 
2. Advice to clients is provided in a manner easily understood by the client. 

ASSESSMENT CRITERION 3 
3. Rapport with the client is established and maintained through professional and customer friendly techniques. 

ASSESSMENT CRITERION 4 
4. Advice is presented to clients in a professional format and documented for future reference. 

ASSESSMENT CRITERION 5 
5. Client queries are answered in a professional manner in order to ensure client understanding. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor.

Moderation activity comments by SGB's, organisations and individuals may be forwarded to NSB03. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
A demonstrated understanding of:
  • Functions of financial management
  • Management of working capital
  • Capital investments
  • Foreign exchange
  • Ownership transactions
  • Public Accountant's and Auditor's Act: Code of Professional Conduct
  • IFA professional code of ethics

    Terminology:
    IFA - International Federation of Accountants 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation and community. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations. 

    UNIT STANDARD CCFO SCIENCE 
    Demonstrate an understanding of the world as a set of related systems. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Be culturally and aesthetically sensitive across a range of social contexts. 

    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
    Elective  58012   National Certificate: Disaster Risk Management  Level 7  NQF Level 07  Passed the End Date -
    Status was "Reregistered"     		 2018-12-31  CHE 


    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.
     
    NONE 


    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.