Subfield: Cost and Management Accounting
Level: NQF5
Demonstrate the ability to allocate and apportion overheads to calculate rates of recovery.
Use these rates to calculate recoveries, and know how to treat under- or over-recoveries.
Demonstrate the ability to prepare budgets resulting in the budgeted income statement and balance sheet
Demonstrate the ability to flex a budget
Evaluate the necessary capital budgets.
Identify revenue and cost curves and demonstrate ability to highlight marginal revenues and costs.
Compute prices using cost plus or other strategies.
Produce a cash flow statement from information available.
Identify the components of working capital and determine strengths and weaknesses in policy, which they could use to prepare a new policy.
List the types of capital and costs of debt
Demonstrate the ability to calculate marginal cost of capital
Discuss the effects of financial leverage.
Explain the different forms of finance available and to choose optimum components.
Subfield: Economics
Level: NQF5
Demonstrate an understanding of the economic problem
Demonstrate an understanding of the production possibility frontier
Demonstrate an understanding of various economic systems
Differentiate between micro- and macro-economics.
Demonstrate an understanding of the concepts of micro-economics
Demonstrate an understanding of the concepts of macro-economics
Demonstrate an understanding of concepts of international trade and finance
Demonstrate an understanding of concepts of monetary theory and policy
Demonstrate an understanding of concepts of public finance
Demonstrate an understanding of concepts of labour economics
Discuss the economic growth and development of the South African economy
Subfield: Human Resources Management
Level: NQF5
Describe various organisational structures and discuss their respective merits and demerits.
Explain the human resource planning process
Describe job analysis and job design processes and techniques
Demonstrate an understanding of recruitment, selection, placement and induction processes
Demonstrate an understanding of performance management issues and techniques
Discuss the need for career management in an organisation.
Describe how wages and salaries are determined.
Demonstrate a clear understanding of health and safety issues in the work environment.
Level: NQF5
Demonstrate a sound appreciation of organisational and functional relationships in an organisation
Demonstrate a basic understanding of the writings and theories of pioneers in behavioural science to modern thinking in the management of people at work.
Discuss the communication process in organisations
Demonstrate an understanding of theories of leadership
Evaluate various theories of leadership in order to apply them to practical day-to-day working in an organisation.
Demonstrate an understanding of the need for and importance of staff development and training.
Demonstrate a clear understanding of equity issues in the work place
Subfield: Labour Relations
Level: NQF5
Demonstrate an understanding of the background and development of industrial relations in South Africa
Demonstrate an understanding of the legislative framework governing the employment relationship in South Africa
Provide definitions of labour relations terms
Demonstrate a general understanding and application of grievances procedures and disciplinary codes
Identify key role players in the labour relations arena in South Africa
Level: NQF5
Demonstrate an understanding the interaction and processes within the labour relationship
Demonstrate an understanding of factors regulating the interaction of labour relationships
Demonstrate an understanding of external influences on the labour relationship
Demonstrate an understanding of different approaches to the labour relationship
Demonstrate a basic understanding of the labour relations systems of countries outside South Africa
Demonstrate an understanding of the principles of labour economics
Demonstrate an understanding of the general principles and practices of collective bargaining
Demonstrate an understanding of the practice of collective bargaining in South Africa
Demonstrate an understanding of the principles and practice of negotiation
Demonstrate an understanding of the principles and practice of dispute settlement
Subfield: Management
Level: NQF4
Demonstrate an understanding of the personnel function as is affects the role of the supervisor.
Demonstrate an understanding of the role of first-line management in an enterprise
Level: NQF5
Identify the contemporary environment, problems and practices of international marketing.
Apply the principles of international marketing.
Evaluate the strength and sophistication of global competitors.
Describe the dynamic and complex nature of the industrial marketplace.
Analyse the activities in industrial and services marketing
Explore the broad policies and specific practices in industrial and services marketing.
Distinguish the different product and services marketing characteristics and strategies.
Subfield: Law
Level: NQF5
Demonstrate knowledge of the nature, sources and classification of the law.
Demonstrate a detailed understanding of the law of contract.
Demonstrate a detailed understanding of the law of purchase and sale.
Demonstrate an understanding of the law governing credit agreements.
Demonstrate a detailed understanding of the law of lease.
Demonstrate an understanding of the general principles of the law of employment.
Demonstrate knowledge of the law of agency.
Demonstrate knowledge of the law of partnership.
Demonstrate knowledge of the law governing negotiable instruments.
Demonstrate knowledge of the law governing securities.
Subfield: Business and Office Administration
Level: NQF5
Demonstrate an understanding of the concept of ergonomics and its contribution to conducive working conditions
Demonstrate efficient records management
Demonstrate the ability to manage time effectively and efficiently
Demonstrate an understanding of stock control systems
Compile a business information manual
Demonstrate the ability to deal with difficult situations and people in a professional manner
Plan business receptions and social functions
Make travel arrangements for a manager
Prepare correspondence for a range of situations
Demonstrate an understanding of the mechanics of cash control
Demonstrate an understanding of banking and forms of payment
Integrated assessment appropriately incorporated to ensure that the purpose of the qualifications is achieved
Assessment is conducted in several ways:
Self-assessment which is carried out by the learners on a daily basis, and which improves the quality of learning and mastery;
Formative assessment by means of contact tuition during the course of their studies
Continuous assessment incorporating assignments.
Summative assessment by way of examinations at six monthly intervals
The above provides for a holistic approach to assessment.
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