1.
Budgets are correctly prepared
Variances are correctly calculated and interpreted
Marketing expenses are analysed and ways described whereby it could be controlled
Quantitative techniques are correctly calculated and applied for management decisions
2.
Financial statements and consolidated
Financial statements, illustrating disclosure
Requirements in respect of accounting policy, leases, instalments and earnings per share, are prepared
Ratios are calculated, compared and interpreted
The values of business interests are determined
3.
Accounting entries and balance sheets reflecting the effect of liquidations, amalgamations and reconstructions are prepared
Investment transactions are correctly recorded
4.
The tax liabilities of different legal entities are determined
Annual tax returns are prepared
Provisional tax returns are prepared
The tax liability of the employer is determined
5.
The interaction between supply and demand is explained to ensure that the learner will understand the basic principles of a market economy
Markets forms are identified
Monetary and fiscal policies are discussed
Practical economic scenarios, covering national and international situations, are discussed and interpreted
International trade and finance are appreciated
6.
An effective internal mail and communication system for the business is correctly compiled
An effective external communication system for the business is correctly compiled
Effective documentation systems for the activities of the business are correctly compiled
An effective computer software system for the administration of a retail business is correctly selected
The viability of a business opportunity is correctly identified and determined
A workable plan with sub-sections, covering clearly the functions of marketing, finances, administration, personnel, assets, logistics, production, public relations and housekeeping for a retail business that will ensure the successful starting of such business, is correctly compiled.
Integrated assessment:
Competency is formatively assessed by way of tests and projects, and summatively by way of written and practical examinations.
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