FINANCES AND LIFE

FINANCES AND LIFE

FINANCES AND LIFE

1. SCOPE

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.

2. PROGRAMME ENTRY REQUIREMENTS / LEARNING ASSUMED TO BE IN PLACE

The credit value is based on the assumption that people starting to learn towards this unit standard are competent in Mathematics and Communications at NQF level 1

3. DURATION

1 Day

4. UNIT STANDARDS REFERENCE

7469    Use mathematics to investigate and monitor the financial aspects of personal and community life    NQF 2   2 credits 

5. COST

Please refer to office for formal quotation.

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