Field Business
Review of Business unit standards
|
Subfield |
Domain |
ID |
|
Business Operations and Development |
Human Resource Management |
6407 |
|
Financial Management |
Financial Skills |
6410, 20078 |
|
Marketing |
Generic Marketing |
19024 |
NZQA National Qualifications Services has completed the review of the unit standards listed above.
Date new versions published July 2017
Planned review date December 2022
Summary
The review updated these unit standards to better align with the current environment for small businesses, and to make the standards more relevant to a wider audience. Two new standards were also developed.
Main changes
· Unit standards 6410 and 20078 were extensively amended to reflect current operating realities for small business and were moved to domain Small Business.
· Unit standard 6407 was recommended for expiry.
· Unit standard 19024 was replaced by 30388.
· Two new unit standards were developed.
Category C and D unit standards will expire at the end of December 2019.
Impact on existing organisations with consent to assess
|
Current consent for |
Consent extended to |
||||
|
Nature of consent |
Classification or ID |
Level |
Nature of consent |
Classification or ID |
Level |
|
Subfield |
Financial Management |
3 - 7 |
Standard |
20078 |
3 |
|
Subfield |
Financial Management |
5 - 7 |
Standard |
6410 |
5 |
|
Domain |
Financial Skills |
3 - 6 |
Standard |
20078 |
3 |
|
Domain |
Financial Skills |
5 - 6 |
Standard |
6410 |
5 |
|
Subfield |
Marketing |
5 - 8 |
Standard |
30388 |
5 |
|
Domain |
Generic Marketing |
5 - 7 |
Standard |
30388 |
5 |
|
Standard |
19024 |
5 |
Standard |
30388 |
5 |
Detailed list of unit standards – classification, title, level, and credits
All changes are in bold.
|
Key to review category |
|
|
A |
Dates changed, but no other changes are made - the new version of the standard carries the same ID and a new version number |
|
B |
Changes made, but the overall outcome remains the same - the new version of the standard carries the same ID and a new version number |
|
C |
Major changes that necessitate the registration of a replacement standard with a new ID |
|
D |
Standard will expire and not be replaced |
Business > Business Operations and Development > Human Resource Management
|
ID |
Title |
Level |
Credit |
Review Category |
|
6407 |
Establish human resource needs of the small business operation |
5 |
5 |
D |
Business > Financial Management > Financial Skills
Business > Business Operations and Development > Small Business
|
ID |
Title |
Level |
Credit |
Review Category |
|
6410 |
Manage financial resources for a small business enterprise Manage financial resources for a small business |
5 |
5
8 |
B |
|
20078 |
Describe taxation, financial, and insurance responsibilities for small business owner-operators Demonstrate knowledge of taxation, financial, and insurance responsibilities for small businesses |
3 |
4
7 |
B |
Business > Marketing > Generic Marketing
Business > Business Operations and Development > Small Business
|
ID |
Title |
Level |
Credit |
Review Category |
|
19024 30388 |
Apply marketing concepts within a small business Market a small business’s product or service |
5 5 |
7 10 |
C |
Business > Business Operations and Development > Small Business
|
ID |
Title |
Level |
Credit |
Review Category |
|
30389 |
Envision and plan for the future of a small business in a changing environment |
5 |
10 |
New |
|
30390 |
Comply with health and safety legislation as a small business |
5 |
8 |
New |