Neftaly Online Course SAQA 11516699284

Associated Assessment Criteria for Exit Level Outcome 1:
Knowledge in a range of disciplines, including the global business environment, the national economy, general principles of Law and Information Technology is demonstrated.
Appropriate business types and their registration requirements are understood.
The financial management legislation applicable to a range of business enterprises is applied.
The relationships between the broad disciplines and core subject areas are analysed.

Associated Assessment Criteria for Exit Level Outcome 2:
Financial statements for a complex range of business enterprises and groups are prepared in accordance with International Financial Reporting Standards.
International Financial Reporting Standards are applied in financial reporting activities.
Accounting principles are applied to a variety of business enterprises are applied.
Individual and business income tax returns are prepared.

Associated Assessment Criteria for Exit Level Outcome 3:
Organisational performance is evaluated to enable management to make informed decisions regarding the setting of and achievement of business objectives.
Financial information is used to make organisational decisions.
Appropriate alternative courses of action are proposed.
Technical expertise and advice are provided.

Associated Assessment Criteria for Exit Level Outcome 4:
An audit file for a client is compiled.
International Audit Standards are applied to the audit of a variety of business enterprises.
Audit reports for different types of audit engagements are prepared.
Technical advice is provided to an audit client.

Associated Assessment Criteria for Exit Level Outcome 5:
Ideas are communicated and supporting evidence is provided.
Communication limitations and problems are recognised and help is sought where appropriate.
Reports to management to communicate financial information professionally and effectively, which include recommendations to improve performance and/or efficiency and effectiveness are prepared.

Integrated Assessment:
Formative Assessment:
Learning and assessment are integrated. Continual formative assessment is required so that learners are given feedback on their progress in the achievement of learning outcomes. The scheme of work includes assignments, real-world briefs, tests and an integrated portfolio based on the learning material and learners are given feedback. The process is continuous and focuses on smaller sections of the work and limited numbers of outcomes.

Summative Assessment:
Summative assessment is concerned with the judgement of the learning in relation to the Exit Level Outcomes of the qualification. Such judgement must include integrated assessments which test the learner’s ability to integrate the larger body of knowledge, skills and attitudes that are represented by the Exit Level Outcomes as a whole. Examinations, projects, reports or equivalent assessments, such as a portfolio of evidence, assess a representative selection of the outcomes practised and assessed. Summative assessment also tests the learner’s ability to manage and integrate a large body of knowledge to achieve the stated outcomes of a module.