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Quick Look Course Summary:Managing a Unit’s Finances and Assets (Unit Standards 7468 + 13945) (3 days)
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Length: 3 day(s)
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Price (at your venue): 1 Person R 21,125 EX VAT 3 Person R 13,658 EX VAT 10 Person R 9,124 EX VAT
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Certification Type:Accredited
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Locations & Venues: Off-site or in-house. We train in all major city centres throughout South Africa.
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Managing a Unit’s Finances and Assets (Unit Standards 7468 + 13945) (3 days)
Supervisors and administrators who plan and control budgets and loans, work out costs, revenue and profit, and manage stock and fixed assets so that money is not tied up or lost – with 8 accredited credits.
A unit's money is spent through its budgets and tied up in its stock and equipment. This accredited financial management course combines two unit standards from the FETC: Business Administration Services (SAQA ID 61595), each taught and assessed on its own: unit standard 7468 on using mathematics to investigate and monitor money matters (NQF Level 4, 6 credits) and unit standard 13945 on managing stock and fixed assets (NQF Level 4, 2 credits). Because both belong to the same qualification, BOTI registers them together as one skills programme under its Services SETA accreditation.
Days one and two follow unit standard 7468: planning and controlling budgets, loans and investments, simple and compound interest, the link between costs, revenue and profit, and using figures to discuss inflation and the wider economy.
Day three follows unit standard 13945: telling fixed assets from stock, how stock management affects profit, managing fixed assets over their life, and applying both in your own unit.
Why this course
For your organisation
- Budgets and spending kept under control
- Less money tied up in excess or lost stock
- Fixed assets recorded, maintained and replaced on time
- Eight accredited credits registered as one skills programme
For your delegates
- Eight accredited credits from two unit standards in one qualification
- Practical skills with budgets, interest and costing
- A sound grasp of stock and asset management
- Figures you can use to argue for resources
What delegates will be able to do
- Plan and control budgets, loans and investments
- Explain and calculate simple and compound interest
- Calculate costs, revenue, break-even and profit
- Use figures to discuss the economy
- Distinguish fixed assets from stock
- Explain how stock management affects profit
- Manage fixed assets in your unit
Who should attend
Supervisors, administrators, store and office managers, and small-business owners who handle a unit's budget, stock or equipment. Unit standard 7468 assumes mathematics and communication at NQF Level 3. Unit standard 13945 assumes communication and mathematical literacy at NQF Level 3.
Course outline
Day 1 – Unit standard 7468: budgets, instruments and interest
Outcome 1: Planning and controlling financial instruments
- Budgets, accounts, loans and investments as financial instruments
- Drawing up a plan that keeps spending under control
- Working with a calculator and a spreadsheet, then checking the answer
- Control measures that match the plan
Outcome 2: Simple and compound interest
- How simple and compound interest differ
- Where each kind appears: savings, loans, hire purchase and credit cards
- Choosing the right calculation for the problem
- Showing how a balance grows or shrinks over time
Day 2 – Unit standard 7468: costs, revenue and the economy
Outcome 3: Costs and revenue
- Fixed, variable and total costs
- Revenue, break-even and profit
- Using costing terms correctly
- Practical ways to contain costs and lift profit
Outcome 4: Figures in economic debate
- Inflation, interest rates, exchange rates and tax
- Comparing South African figures with other economies
- Building an argument on sound figures
Financial maths workshop
- Working through your unit's own budget and costs
- Portfolio of evidence for unit standard 7468
Day 3 – Unit standard 13945: managing stock and fixed assets
Outcome 1: Telling fixed assets from stock
- Both concepts, with examples
- The unit's fixed assets and their purpose
- The stock a unit usually needs
- Shortages: the problems and a plan to avoid them
- Overstocking and the bottom line
Outcome 2: How stock management affects profit
- Why stock must be controlled: fraud, theft, carelessness and shortages
- Managing stock through records and through stocktaking
- Quality, quantity, time, price and source
- Stock turnover and what it tells planners
- Optimum stock levels with the economic order quantity
Outcome 3: Managing fixed assets
- Reading fixed assets from a balance sheet
- Updating the asset register for three cases
- Valuing assets: depreciation and investment
- The purpose of depreciation, with examples
Outcome 4: Applying stock and asset principles
- Stock risk: probability and severity
- Fixed-asset risk: probability and severity
- A stock system that balances supply, cost and value
- A plan to minimise risk to fixed assets
- Portfolio of evidence for unit standard 13945
How it is delivered
Three days, 08:30-16:00. In person at your offices anywhere in South Africa, at a BOTI venue, or live online. One delegate or a group of up to 20. Learner guide and workbook for each unit standard, practical workplace activities, and a portfolio of evidence that delegates complete after the course for assessment and moderation.
What our clients say
“The training was practical, engaging and relevant to our workplace environment, providing participants with valuable knowledge and practical skills that could be applied in their respective roles.”
“The facilitator was excellent and took time to ensure that the employee understood the content and was able to apply the learning in order to develop the portfolio of evidence.”
“The training was well received and we were impressed by the knowledge of the facilitators and the quality of overall training.”
Frequently asked questions
Is this course accredited?
Yes. It covers unit standards 7468 (NQF Level 4, 6 credits) and 13945 (NQF Level 4, 2 credits). Both belong to the FETC: Business Administration Services (SAQA ID 61595), so they are registered together as one skills programme under BOTI's Services SETA accreditation (12582).
Until when can delegates enrol?
Delegates can enrol until 30 June 2028.
Are there entry requirements?
Unit standard 7468 assumes mathematics and communication at NQF Level 3; unit standard 13945 assumes communication and mathematical literacy at NQF Level 3.
How are delegates assessed?
Each unit standard has its own portfolio of evidence, completed after the course and then assessed and moderated. Delegates found competent receive a statement of results.
Is there a shorter version without assessment?
Yes. Finance For Non Finance Managers and the Budgets And Financial Reports Course cover related skills, with a BOTI certificate of attendance.
Related courses
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