TAP> Stock and Fixed Asset Management
Course Purpose: This unit standard is intended for managers of small businesses and junior managers of business units in larger organisations. It provides the background necessary to understand the management of assets and stock in a business unit. What you’ll …
Course Purpose:
This unit standard is intended for managers of small businesses and junior managers of business units in larger organisations. It provides the background necessary to understand the management of assets and stock in a business unit.
What you’ll learn
This unit standard is intended for managers of small businesses and junior managers of business units in larger organisations. It provides the background necessary to understand the management of assets and stock in a business unit. The term business unit in this unit standard implies a small business, cost centre, section or department. Junior managers include, but are not limited to team leaders, supervisors, first-line managers and section heads. The positioner term is used to describe the first level of management in an organisation at which an employee has other employees reporting to him/her. The qualifying learner is capable of differentiating between fixed assets and stock in a business unit. Explaining the influence that stock management can have on the profitability of a business. Explaining the management of fixed assets in a business unit. Applying the basic principles of stock and fixed asset management to a business unit.
Duration: 1 Day
Featured Course
Developments that could impact on a business sector
Course Curriculum
Curriculum
- 4 Sections
- 18 Lessons
- 1 Day
- Unit 1: Differentiate between fixed assets and stock in a business unitASSESSMENT CRITERIA5
- 1.0The concepts of fixed assets and stock are explained with examples
- 1.1The different fixed assets in a business unit are identified and an indication is given of the purpose of each asset in the business unit
- 1.2Stock in a business unit is identified and a list is compiled of the stock usually needed in a business unit
- 1.3The problems that occur in a specific business unit if there is insufficient stock are indicated, and a plan is compiled to ensure that the required stock is available when needed
- 1.4Problems if a business unit has too much stock are explained, and an indication is given of how stockpiling impacts on the bottom line of the business
- Unit 2: Explain the influence that stock management can have on the profitability of a businessASSESSMENT CRITERIA5
- 2.0The need for stock control is explained with reference to fraud, theft, carelessness and ensuring sufficient stock
- 2.1The different ways of managing stock are explained with reference to records and stocktaking
- 2.2The importance of quality, quantity, time, price and source in managing stock is explained with examples
- 2.3The rate of stock turnover for a business unit is calculated and an indication is given of how knowing turnover assists in planning
- 2.4An Economic Ordering Quantity Model (EOQ) model is explained and applied to a business unit to calculate the optimum stock level for three items in a business unit
- Unit 3: Explain the management of fixed assets in a business unitASSESSMENT CRITERIA4
- 3.0The fixed assets in a business unit are identified from a balance sheet
- 3.1The asset register for a business unit is updated for three case studies
- 3.2The valuation of assets in a business unit is explained with reference to depreciation and investment
- 3.3Reasons for depreciation are explained with examples and an indication is given of the purpose of depreciation
- Unit 4: Apply the basic principles of stock and fixed asset management to a business unitASSESSMENT CRITERIA4
- 4.0The risk associated with the management of stock in a business unit is identified and quantified in terms of probability and severity
- 4.1The risk associated with the management of fixed assets in a business unit is identified and quantified in terms of probability and severity.
- 4.2A system for managing stock in a business unit is applied with reference to ensuring sufficient stock, control of costs and the value of the stock.
- 4.3A plan is designed to minimise the risk associated with fixed assets in a business unit
Requirements
- Grade 11
- NQF Level 3
You May Like
TAP> Promotion of Access to Information Act (5 in 1)
Overview Learn the fundamentals of the Promotion of Access to Information Act (PAIA) and understand your rights to access public and private records in South...
TAP> Change Management
Overview This unit standard is intended for managers in all economic sectors. What you This unit standard is intended for managers in all economic sectors....
TAP> Apply Legal Aspects in a Security Environment
COURSE PURPOSE This unit standard will be useful to people who aim to achieve recognition at some level in Further Education and Training or to...
TAP> Use time management techniques financial services environment
COURSE PURPOSE This unit standard introduces techniques of time management that will enable learners to be efficient workers in a financial services workplace. The focus...
Perform Basic Fire Fighting
Overview This course equips learners with essential skills to identify types of fires, implement fire prevention measures, ensure proper housekeeping practices, and effectively handle fire-fighting...
Course Features
- Lectures 18
- Quizzes 0
- Duration 1 day
- Skill level All levels
- Language English
- Students 1500
- Assessments Yes