NZQA Expiring unit standard
407 version 6
Page 1 of 3
Title
Perform business calculations in a retail or distribution environment
Level
4
Credits
6
Purpose
People credited with this unit standard are able to perform
business calculations and use results of business calculations,
in a retail or distribution environment.
Classification
Retail, Distribution, and Sales > Retail and Distribution Core
Skills
Available grade
Achieved
Explanatory notes
1
Definitions
Business calculations refer to calculations that relate to the organisational
management of a business.
Retail or distribution environment refers to workplaces where the primary focus is on
customers purchasing goods and/or services.
Agreed indicates a course of action that is accepted between two or more people
(including the candidate) and which follows organisational procedures.
Organisational procedures refer to instructions to staff on policy and procedures
which are formally documented, or generally accepted within the workplace.
2
Business calculations may include but are not limited to – identifying and analysing
stock requirements; ordering, pricing and costing stock; measuring stock turnover;
forecasting sales; preparing and analysing sales reports; preparing and analysing
budgets; preparing profit and loss statements; preparing balance sheets; meeting tax
requirements; managing payroll; managing space; managing waste; rostering staff.
3
Evidence is required for two different business calculations.
This unit standard is
expiring
Outcomes and evidence requirements
Outcome 1
Perform business calculations in a retail or distribution environment.
Evidence requirements
1.1
Aim of business calculations is identified and agreed to in accordance with
organisational procedures.
1.2
Data gathered is relevant for the aim.
ServiceIQ
SSB Code 9068
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
407 version 6
Page 2 of 3
1.3
Relevant formulae are identified and applied.
1.4
Business calculations are performed accurately.
1.5
Results of calculations are checked for accuracy.
Range
data, formula, result.
Outcome 2
Use results of business calculations in a retail or distribution environment.
Evidence requirements
2.1
Results of calculations are analysed and relevant implications identified.
2.2
Results and implications are presented in accordance with organisational
procedures.
2.3
Relevant actions are identified based on results and implications.
2.4
Actions are recommended in accordance with organisational procedures.
Replacement information
This unit standard has been replaced by unit standard
28300.
This unit standard is expiring. Assessment against the standard must take place by
the last date for assessment set out below.
This unit standard is
1
17 June
1993
31 December 2013
expiring
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
Review
2
29 July 2002
31 December 2013
Review
3
16 December 2005
31 December 2013
Rollover and
Revision
4
17 October 2008
31 December 2013
Review
5
15 April 2011
31 December 2016
Review
6
21 May 2015
31 December 2016
Consent and Moderation Requirements (CMR) reference
0225
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
ServiceIQ
SSB Code 9068
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
407 version 6
Page 3 of 3
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
This unit standard is
expiring
ServiceIQ
SSB Code 9068
 New Zealand Qualifications Authority 2016