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CALA Title: Financial Literacy and Record Keeping
Competence/skills
Data collection and classification; Research and analysis; Data presentation; Calculations and numerical skills; Interpreting numerical values
Background
Learners are increasingly engaged in entrepreneurship, selling sweets, vegetables, freezits, tomatoes and participate in school and at home.
Some are performing well and some are failing due to lack of financial knowledge.
CALA Task
Develop a research plan in order to come up with a brief report outlining how you can offer a solution to the above-mentioned problem.
The plan should encompass the following parts, Part A, Part B and Part C.
Part A
Research on a goods sold at your school or nearby Tuckshop or business (10 marks).
Observe and collect data concerning the quantities bought and sold by one business of your choice (15 marks). Record the data in your diary (5 marks)
Part B
Draw up the subsidiary book , i.e columns and labellings of columns (5 marks). Record the information collected in the subsidiary book (15 marks)
Part C
Interpret the information presented and analyse the usefulness of such information (10 marks)
CALA Tips
You may consider the filing of collected documents and you are reminded of the need to present the data accurately and neatness.
Dimensions/ Criteria to be assessed
Demonstrating research techniques; Showing evidence of research through record keeping; Drawing up subsidiary books from such information; Using the information recorded to analyse the business performance.
Objectives to be achieved
By the end of the CALA the learner must be able to: Demonstrate research techniques; Show evidence of research through record keeping; Draw up subsidiary books from such information; Use the information recorded to analyse the business performance.
CALA Assessment procedure
Assessment will be based on evidence of: Selection of the appropriate research technique to gather information; Submission of researched information; Selection of the relevant subsidiary book and recording of researched information; Presentation and accuracy of the information recorded; Ability to analyse financial information and suggestion on the usefulness of such information.
CALA Context
Students will collect, calculate and interpret accounting data on local small businesses.
They will record and interpret the subsidiary books for the small firms. (source: sytech.co.zw)
Bongani Ndlovu