Transcript National Certificate in Paper & Pulp Manufacturing NQF Level

National Certificate in Paper & Pulp Manufacturing NQF Level 2
Use mathematics
to investigate and
monitor the
financial aspects
of personal and
community life.
Commissioned by PAMSA
and German Technical Co-Operation
1
National Certificate in Paper & Pulp Manufacturing NQF Level 2
US:8983
Use mathematics to investigate and monitor financial
aspects of personal and community life
Notional Hours
2
TF208.51
Understanding money and how it works
TF208.52
Understanding the basic principles of budgeting
3
TF208.53
Understanding the principles of control
4
TF208.54
Understanding the concept of interest
3
TF208.55
Using tools to calculate interest
4
TF208.56
Using interest calculations to make financial decisions
4
Total Notional Hours
20
Commissioned by PAMSA
and German Technical Co-Operation
Modules
P&P2FM22
Control personal and
other small budgets
P&P2FM23
Using financial
modeling interest
2
National Certificate in Paper & Pulp Manufacturing NQF Level 2
US:8983
Use mathematics to investigate and monitor financial
aspects of personal and community life
Critical Cross-field Outcomes
TF208.51
Understanding money and how it
works
Be able to calculate the profit or
loss of a “company” using given
income and cost information.
Identify and solve
problems
Work effectively with
others
Communicate effectively
Organise and manage
myself and my activities
Understand how prices are
determined.
Understand the concept of
profit and how profit is
generated.
Understand the concept of
wealth creation.
Collect, analyse, organise
and critically evaluate
information
Use science and
technology effectively and
critically
Demonstrate an
understanding of the
world as a set of related
systems
Understand what money is and
how it is used in the economy .
Use mathematics
Learner and societal
development
Commissioned by PAMSA
and German Technical Co-Operation
3
National Certificate in Paper & Pulp Manufacturing NQF Level 2
Topic Specification
Notional
Hours
TF208.51
Understanding money and how it works
Learning Outcomes
On completion of this topic the learner will be able to:
• Demonstrate understanding of how money is used
in the economy;
• Demonstrate understanding of the income/cost
relationship in generating profit and or loss;
• Calculate profit or loss using given information.
Assessment Criteria : (The assessor will
observe and confirm)
• The learners ability to plan and describe projected
income realistically;
• The learners understanding of the concept of profit
generation for the company;
• The learners understanding of the need and broad
process of personal wealth creation.
Commissioned by PAMSA
2
Assignment Description
W
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W
H
Y
A group exercise of participating in a business
simulator exercise.
To ensure that the learners develop a practical
understanding of the cause and effect
relationship in generating profit.
HOW
• Learners participate in a business simulator exercise;
• Learners individually build a income/cost ratio tree;
• Learners individually work through a profit/loss
exercise and calculate potential profit and loss using a
variety of exercises;
• Learners present their findings for group discussion.
and German Technical Co-Operation
4
National Certificate in Paper & Pulp Manufacturing NQF Level 2
US:8983
Use mathematics to investigate and monitor financial
aspects of personal and community life
TF208.52
Understanding the basic principles of
budgeting
Be able to develop a personal
short and medium term budget.
Be able to develop a basic
budget using given information
regarding a specific family
needs, income and expenditure.
Be able to identify the key
information that is needed to
develop a basic budget.
Critical Cross-field Outcomes
Identify and solve
problems
Work effectively with
others
Communicate effectively
Organise and manage
myself and my activities
Collect, analyse, organise
and critically evaluate
information
Use science and
technology effectively and
critically
Demonstrate an
understanding of the
world as a set of related
systems
Understand what a budget is
and how it works .
Use mathematics
Learner and societal
development
Commissioned by PAMSA
and German Technical Co-Operation
5
National Certificate in Paper & Pulp Manufacturing NQF Level 2
Topic Specification
Notional
Hours
TF208.52
Understanding the basic principles of budgeting
Learning Outcomes
On completion of this topic the learner will be able to:
• Demonstrate understanding of what a budget is and
how a budget works;
• Identify the critical information that is required to
develop and control a budget;
• Develop a basic personal budget.
Assessment Criteria : (The assessor will
observe and confirm)
• The ability to develop a realistic personal budget doing
all the calculations correctly. At this stage the budget will
be limited to short and medium term needs.
• The ability to relate the budgeting principles to the
budgets that are created in the workplace.
Commissioned by PAMSA
3
Assignment Description
W
H
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T
W
H
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An individual exercise of working through
learner workbooks that explains the
fundamental budgeting principles and then
developing and presenting relevant budgets..
To ensure that learners develop the ability and
understanding to develop basic personal
budgets and relate the principles to the budgets
that are created in the workplace.
HOW
• Learners work through the relevant study material;
• Learners do the relevant exercises and develop the
personal budgets;
• Learners present the budgets for review and
discussion.
and German Technical Co-Operation
6
National Certificate in Paper & Pulp Manufacturing NQF Level 2
US:8983
Use mathematics to investigate and monitor financial
aspects of personal and community life
Critical Cross-field Outcomes
TF208.53
Understanding the principles of control
Be able to conduct a basic budget
control meeting using the information
generated by a basic budget control
programme.
Identify and solve
problems
Work effectively with
others
Communicate effectively
Organise and manage
myself and my activities
Be able to input budget
control information into a
pre prepared
spreadsheet.
Be able to develop key
indicators to control your
budget.
Understand what control is and
why it is important to control
things.
Commissioned by PAMSA
and German Technical Co-Operation
Collect, analyse, organise
and critically evaluate
information
Use science and
technology effectively and
critically
Demonstrate an
understanding of the
world as a set of related
systems
Use mathematics
Learner and societal
development
7
National Certificate in Paper & Pulp Manufacturing NQF Level 2
Topic Specification
Notional
Hours
TF208.53
Understanding the principles of control
Learning Outcomes
On completion of this topic the learner will be able to:
• Demonstrate understanding of the concept of
control and the importance of control;
• Develop key indicators for personal budgeting
purposes;
• Input budget control information on pre prepared
spreadsheets;
• Conduct basic budget control meetings using the
information generated by a computerised budget
control mechanism.
Assessment Criteria : (The assessor will
observe and confirm)
• The learners ability apply the budget control principles to
manage personal finance.
Commissioned by PAMSA
4
Assignment Description
W
H
A
T
W
H
Y
An individual exercise of working through
study material and applying the knowledge in a
group exercise.
To ensure that learners can use budget control
principles and apply them to manage personal
finance.
HOW
• Learners do self study;
• Learners complete the exercises and present them in a
group work session;
• Learners lead a budget review meeting in a simulated
environment.
and German Technical Co-Operation
8
National Certificate in Paper & Pulp Manufacturing NQF Level 2
US:8983
Use mathematics to investigate and monitor financial
aspects of personal and community life
Critical Cross-field Outcomes
TF208.54
Understanding the concept of interest
Identify and solve
problems
Work effectively with
others
Be able to calculate simple and
compound interest using given
formulas.
Understand the difference
between simple interest and
compound interest.
Understand the
concept of
interest rates.
Understand how time
impacts on the
calculation of interest.
Understand the meaning of the
key terms used in calculating
interest.
Understand what interest is
and how it is used in the
economy .
Commissioned by PAMSA
and German Technical Co-Operation
Communicate effectively
Organise and manage
myself and my activities
Collect, analyse, organise
and critically evaluate
information
Use science and
technology effectively and
critically
Demonstrate an
understanding of the
world as a set of related
systems
Use mathematics
Learner and societal
development
9
National Certificate in Paper & Pulp Manufacturing NQF Level 2
Topic Specification
Notional
Hours
TF208.54
Understanding the concept of interest
Learning Outcomes
On completion of this topic the learner will be able to:
• Demonstrate understanding of the concept of
interest and how it is used in the economy;
• Explain the various terms used in the calculation of
interest;
• Explain the formulas for simple and compound
interest;
• Calculate simple and compound interest.
W
H
A
T
W
H
Y
An individual exercise of studying the relevant
material and completing the exercises.
To ensure that learners develop the ability to do
the relevant calculations correctly.
HOW
Assessment Criteria : (The assessor will
observe and confirm)
• The learners ability to correctly use the given formulas to
calculate simple and compound interest;
• Learners ability to describe how simple and compound
interest influence their daily lives.
Commissioned by PAMSA
3
Assignment Description
• Learners do self study;
• Learners complete the exercises and present them for
correction and feedback.
and German Technical Co-Operation
10
National Certificate in Paper & Pulp Manufacturing NQF Level 2
US:8983
Use mathematics to investigate and monitor financial
aspects of personal and community life
Critical Cross-field Outcomes
TF208.55
Using tools to calculate interest
Be able to use a basic pre
developed computerised
spreadsheet to calculate simple
and compound interest.
Be able to use a basic
mathematical calculator to
calculate compound interest.
Be able to use a basic
mathematical calculator to
calculate simple interest.
Understand how calculators
and basic computer
spreadsheets can assist in
calculating interest.
Commissioned by PAMSA
and German Technical Co-Operation
Identify and solve
problems
Work effectively with
others
Communicate effectively
Organise and manage
myself and my activities
Collect, analyse, organise
and critically evaluate
information
Use science and
technology effectively and
critically
Demonstrate an
understanding of the
world as a set of related
systems
Use mathematics
Learner and societal
development
11
National Certificate in Paper & Pulp Manufacturing NQF Level 2
Topic Specification
Notional
Hours
TF208.55
Using tools to calculate interest
Learning Outcomes
On completion of this topic the learner will be able to:
• Demonstrate understanding of the use of basic
mathematical calculators and spreadsheets;
• Use calculators to calculate simple and compound
interest;
• Use a pre prepared spreadsheet to calculate simple
and compound interest.
W
H
A
T
W
H
Y
An individual exercise of studying the relevant
material and completing the exercises.
To ensure that learners develop the ability to do
the relevant calculations correctly.
Assessment Criteria : (The assessor will
observe and confirm)
HOW
• The learners ability do the various calculations correctly
within a given time limit.
Commissioned by PAMSA
4
Assignment Description
• Learners do self study;
• Learners complete the exercises and present them for
correction and feedback.
and German Technical Co-Operation
12
National Certificate in Paper & Pulp Manufacturing NQF Level 2
US:8983
Use mathematics to investigate and monitor financial
aspects of personal and community life
Critical Cross-field Outcomes
TF208.56
Using interest calculations to make
financial decisions
Be able to input data into a pre
developed financial model for
personal financial decision
making.
Be able to identify the key
elements of a basic financial
model for personal finance.
Understand the basics of
financial modelling process.
Understand the basics of
financial modelling.
Identify and solve
problems
Work effectively with
others
Communicate effectively
Organise and manage
myself and my activities
Collect, analyse, organise
and critically evaluate
information
Use science and
technology effectively and
critically
Demonstrate an
understanding of the
world as a set of related
systems
Use mathematics
Learner and societal
development
Commissioned by PAMSA
and German Technical Co-Operation
13
National Certificate in Paper & Pulp Manufacturing NQF Level 2
Topic Specification
Notional
Hours
TF208.56
Using interest calculations to make financial decisions
Learning Outcomes
On completion of this topic the learner will be able to:
• Demonstrate understanding of the basics of
financial modeling and the modeling process;
• Identify the key elements of a basic personal
financial model;
• Input data into a basic personal financial model.
Assessment Criteria : (The assessor will
observe and confirm)
• The learners ability to correctly describe the personal
financial model, input data into it and use the results for
personal financial decision making.
Commissioned by PAMSA
4
Assignment Description
W
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T
W
H
Y
An individual exercise of studying the relevant
material and completing the exercises and a
simulated “game” of making financial
decisions.
To ensure that learners develop the ability to do
the relevant calculations correctly.
HOW
• Learners do self study;
• Learners complete the exercises and present them for
correction and feedback.
• Learners present their final models and decisions in a
group session and group review the best decision
making
and German Technical Co-Operation
14