Study Unit

Outcomes

Assessment Criteria

NQF LEVEL 5 (12 CREDITS)

MODULE 1 {US 243265}:

MANAGE ASSETS OF A BUSINESS UNIT

At the end of the learning cycle the learners will be able to do :

• Asset inspection
• Review status and condition of assets
• Optimisation of the use of assets
• Motivation/ recommendations for improvements or disposal of assets

• Review the status and condition of the assets of the business unit and identity opportunities for improvement, or problems

• ASSESSMENT CRITERION 1
  • Carry out asset inspections following certain procedure
• ASSESSMENT CRITERION 2
  • Explain and motivate opportunities for improvement
• ASSESSMENT CRITERION 3
  • Describe problems identified in the management of business assets

• Develop and implement action plans to improve the efficiency of, or to correct problems in, the use of the assets of the business unit

• ASSESSMENT CRITERION 1
  • Develop plans based on an evaluation of the status of the assets and the effectiveness of their use.
• ASSESSMENT CRITERION 2
  • Draw capital budget considering all factors
• ASSESSMENT CRITERION 3
  • Monitor and evaluate Implementation of plans and adjustments if required.
• ASSESSMENT CRITERION 4
  • Quantify, evaluate and discuss interventions regarding motivation for change.
• ASSESSMENT CRITERION 5
  • Optimise the use of assests within the framework of the business or business unit strategy

• Manage and monitor the use of motor retail

• ASSESSMENT CRITERION 1
  • Mark, maintain, locate and store assets correctly
• ASSESSMENT CRITERION 2
  • Maintain accurate and up to date asset register for the business unit
• ASSESSMENT CRITERION 3
  • Apply procedures for maintenance of fixed assets
• ASSESSMENT CRITERION 4
  • Utilise assets in accordance with the manufactures specifications
• ASSESSMENT CRITERION 5
  • Follow procedures for disposal of redundant assets

• Analyse and interpret reports and present them to relevant stakeholders

• ASSESSMENT CRITERION 1
  • Review financial statements and apply appropriate financial ratios to check performance and take corrective action
• ASSESSMENT CRITERION 2
  • Interpret the income statement, balance sheet and cash flow statements in order to present them accurately, clearly and concisely
• ASSESSMENT CRITERION 3
  • Describe and explain the implications of issues identified during the analysis and interpretation of reports

• Discuss and explain issues related to managing the assets of a motor retail department

• ASSESSMENT CRITERION 1
  • Discuss the key concepts and principles related to the management of assets and their application in practice.
• ASSESSMENT CRITERION 2
  • Illustrate with examples concepts and issues in the business unit.