Fundamental learning component (Compulsory for all learners)
1.
A clarification is given of the types of information needed within an organisation.
An outline is given of the responsibilities of an ICT Department in managing the organisational ICT resources.
End users are supported to facilitate service delivery.
An outline is given of the structure and functions of various hardware and software technologies available for an organisation.
Application is made of suitable selection criteria and acquisition processes.
A demonstration is given of how the database and communications resources can be used in controlling and distributing information.
An explanation is given of the basic functionality of different types of business software applications and uses where appropriate.
Core learning component (Compulsory for all learners)
2.
The business structure and its organising features are identified and quantified for the intended market.
Basic management functions and techniques are applied to assess the performance (or planned performance) of a business.
Areas within the business flow where constraints or bottlenecks can occur are identified and solutions to solving or preventing them are provided.
An analysis is provided of ways to apply alternative management and marketing structures and strategies.
An outline is provided of the roles and importance of Human Resource Management and Labour Relations within the organisation.
3.
An explanation is given of the tax concept of “income”.
Tax returns are handled correctly.
Corporate issues related to taxation are identified and examples used to relate them to a specific organisation.
4.
The principles of partnership accounting are applied in a practical context.
The principles of accounting applicable to limited companies are applied in a practical context.
The principles of accounting applicable to close corporations are applied in a practical context.
A cash flow statement is prepared to reconcile net profit before tax with cash flows generated from operations.
Group financial statements are prepared in compliance with the provisions of the Companies Act.
Financial statements are carefully analysed and correctly interpreted for the benefit of management and/or investors.
Elective Learning Component (Learners are to choose one of the electives listed below)
Elective 1:
5.1
The business structure and its organising features are identified and quantified for the intended market.
Basic management functions and techniques are applied to assess the performance (or planned performance) of a business.
An analysis is provided of ways to apply alternative management and marketing structures and strategies.
An outline is provided of the roles and importance of Human Resource Management and Labour Relations within the organisation.
Elective 2:
5.2
The concept of success is defined in the local economic development environment together with the factors that contribute to the success.
The link between the factors and a successful outcome are discussed using an example of a local economic development project or programme.
A decision is made of the way in which the success factors can be measured, both qualitatively and quantitatively, in terms of their contribution to the project is determined.
A success factor analysis process is applied to a local economic development strategy.
A development plan for taking corrective action to achieve greater success is compiled using the results of the analysis.
6.
The business environment is defined in relation to generally accepted accounting practice.
Various accounting techniques are described and utilised to collect, analyse and disseminate cost information.
The principles and theory underpinning accounting are explained in relation to costing systems within the framework of GAAP/GRAP.
External and internal sources are utilised to obtain information about costs
Trends in prices are monitored for movements and analysed on a regular basis to identify potential implications for the organisation.
Budgeted costs are compared with actual costs and variances are analysed with a view to suggesting remedial action.
Recommendations are made to reduce costs and enhance value using cost information and performance indicators.
Integrated assessment
The assessment of this qualification is through a programme of formative and summative assessments, which can take the form of a written examination.
The learner needs to:
Demonstrate competence by means of the practical application of the embedded knowledge in a manner that proves competence.
Illustrate a clear understanding of the concepts, theory and principles that underpin the practical action taken by means of explanation and/or examination.
The assessments are designed to indicate not only the knowledge gaps and skills deficits of the learner, but also highlight the learner’s strengths and weaknesses related to the other elements of applied competence, namely:
Information processing and the power of analysis.
Problem solving and a decision making capacity.
Communication skills.
The assessment process is capable of being applied to RPL, subject to the rules and criteria of the relevant ETQA.
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