Neftaly Online Course SAQA 11516698959

Associated Assessment Criteria for Exit Level Outcome 1:
A computer software package is applied to perform accounting and related calculations.
Figures, postings, and documents are checked for correct entry, mathematical accuracy, and proper codes.
Discrepancies found are reported on according to organisational procedures.
Payroll is processed and printed according to specifications and the necessary deductions and allowances made.
Tangible and intangible assets are assessed and valued and recorded in an asset register.

Associated Assessment Criteria for Exit Level Outcome 2:
Bookkeeping duties are performed with accuracy.
Relevant information is accessed, retrieved and recorded in one or more of the following accounts:
> Cash Book.
> Journal.
> Ledger.
Subsidiary accounts and ledgers are administered.
PAYE, UIF and SDL are deducted correctly to meet tax compliance regulations
Business activity and instalment activity statement tasks are carried out.

Associated Assessment Criteria for Exit Level Outcome 3:
Customer needs are determined and response is done professionally via e-mail or letter according to organisational requirements.
Conflict is managed by analysing the problem and applying problem-solving techniques.
Recommendations are made to improve customer service and relations in line with customer service standards.

Associated Assessment Criteria for Exit Level Outcome 4:
VAT is recorded in the following applicable accounts:
> VAT input account.
> VAT output account.
> VAT Control account.
The following tax related forms are completed.
> VAT 201.
> EMP 201.
> EMP 501.
A Personal Tax form is completed using the relevant information given.
Tax related queries are responded and replied to according to tax compliance regulations.

Associated Assessment Criteria for Exit Level Outcome 5:
Financial transactions are processed and interim reports are extracted.
Financial statements are prepared for non-reporting entities with strict guidelines.
Operational budgets are prepared for given scenarios using job costing information of a manufacturing account.
Debtors, creditors and bank reconciliations are performed.
Numerical and financial data is summarised using journals and ledgers or computers.

Associated Assessment Criteria for Exit Level Outcome 6:
Ethics related to receiving and recording of funds are analysed in various scenarios.
Time-management techniques are applied to the various tasks in the accounting cycle and delays are managed accordingly.
Principles of professional practice are applied to work in the financial services industry.
Confidentiality of payroll and customer accounts is applied in processing information.
Errors and omissions in the books of the business are corrected by means of corrective entries in the general journal and/or creditor’s/debtors individual accounts.
Errors on the statement received from the creditor are outlined on the creditors’ reconciliation statement (remittance advice).

Integrated Assessment:
Integrated formative assessment:
The skills development provider will use the curriculum to guide them on the stipulated internal assessment criteria and weighting. They will also apply the scope of practical skills and applied knowledge as stipulated by the internal assessment criteria. This formative assessment leads to entrance into the integrated external summative assessment.

Integrated summative assessment:
An external integrated summative assessment, conducted through the relevant QCTO Assessment Quality Partner is required for the issuing of this qualification. The external integrated summative assessment will focus on the Exit Level Outcomes and Associated Assessment Criteria.