7456 – Using Mathematics for Budgeting and Financial Control

This unit standard will be useful to people who aim to achieve recognition at some level in Further Education and Training or to meet the Fundamental requirement of a wide range of qualifications registered on the National Qualifications Framework. People credited with this unit standard are able to:

• Use mathematics to plan and control personal and/or household budgets and income and expenditure.
• Use simple and compound interest to make sense of and define a variety of situations including investments, stokvels, inflation, appreciation and depreciation.
• Investigate various aspects of financial transactions including costs, prices, revenue, cost price, selling price, loss and profit.

9013 – Mathematical Literacy at NQF Level 3

This unit standard is designed to provide credits towards the mathematical literacy requirements of the NQF at level 3. The essential purposes of the mathematical literacy requirements are that, as the learner progresses with confidence through the levels, the learner will grow in:

• An insightful use of mathematics in the management of the needs of everyday living to become a self-managing person
• An understanding of mathematical applications that provides insight into the learner's present and future occupational experiences and so develop into a contributing worker
• The ability to voice a critical sensitivity to the role of mathematics in a democratic society and so become a participating citizen.

People credited with this unit standard are able to:

• Measure, estimate, and calculate physical quantities in practical situations relevant to the adult in life or the workplace
• Explore, describe and represent, interpret and justify geometrical relationships and conjectures to solve problems in two and three dimensional geometrical situations

243807 – Maintaining Safety in the Retail Workplace

This unit standard is intended for small retail business operators who need to maintain a safe and secure environment in the workplace. Persons credited with this unit standard will be prepared to respond to an emergency situation and incidents should they arise in business. They will also be able to maintain customer safety and will have the ability to address suspicious behavior within the work environment.

242810 – Managing a Budget in an Organisation

This Unit Standard specifies the knowledge and skills required to manage a budget within the organisation. This Unit Standard is intended for junior managers of organisations. The qualifying learner is capable of:

• Explaining the concept of budgeting pertinent to an area of responsibility.
• Determining the elements of a budget relevant to an area of responsibility.
• Monitoring and controlling actual expenses (and revenue), against projected budget.