Formative Assessment

(1)

Learner Signature Date

Page 1 of 41 Business Admin NQF 4 – US 7468 – Issue 3 – 01-01-2021

 US 7468 USE MATHEMATICS TO INVESTIGATE AND MONITOR FINANCIAL ASPECTS OF PERSONAL, BUSINESS, NATIONAL AND

INTERNATIONAL ISSUES; NQF LEVEL 4

Learner Name:

Learner ID #:

Learner Student Number:

Formative Assessment

Class Activities

During and after the initial training the learner will be required to complete a number of activities. These activities will be both individual and group activities (class activities / formative activities). The activities are numbered and are to be included in the learner’s portfolio of evidence. These activities will measure the progress of the learner through the programme. For authenticity reasons these activities must be handwritten.

Class Activity 1: Plan and control financial instruments

Complete the following in small groups / individually as per the instructions from your facilitator:

7468.1.

7468 EEK1 7468 EEK2 7468 EEK3 1. Use market terminology to read the stock data of Pioneer foods for 5th of August 20XX. Remember

that stock prices are always given in cents

PIONEER FOODS 12:15:03 08/05/20X

X

All JSE data delayed by 15 min. 2950 N/A

O N/A LT N/A

B 2950 A 2974

H N/A L N/A

YH 3050 YL 1850 VOL N/A

P/E 9.46 YLD 10.57 DY 3.46

KEY:

O=OPEN | LT=LAST TRADE B=BID | A=ASK

H=HIGH* | L=LOW*

YH=YEAR HIGH* | YL=YEAR LOW*

VOL=VOLUME

P/E=PRICE/EARNINGS* | YLD=YIELD*

DY=DIVIDEND YIELD*

*Calculated by I-Net Bridge

(2)

a. What is the share price for Pioneer Foods stock?

b. How much are buyers prepared to pay for Pioneer Foods stock?

c. What is the lowest price that a seller of Pioneer Food stock is prepared to accept?

d. What was the highest price of a Pioneer Food share up to 5th August 20XX?

e. What was the lowest price of a Pioneer Food share up to 5th August 20XX?

f. Using the P/E ratio, state how much an investor is willing to pay for every R1.00 of Pioneer

Food’s current earnings?

(3)

2. The table below shows the price of a share in the companies listed and how many shares were bought.

a. Complete the table:

Company Price per share No. of shares Total price

ABSA Bank R119.45 2

SAB (Breweries) R174.55 3

MTN R127.67 5

Woolworths R14.59 12

b. The table given below shows the same companies listed in the table above. Complete the table showing how many shares you will be able to buy using the information provided.

Company Price per share Money to spend Max no. of shares

ABSA Bank R119.45 R120.00

SAB (Breweries) R174.55 R500.00

MTN R127.67 R1 500.00

Woolworths R14.59 R2 300.00

c. A safe investment will always give a targeted return whilst a risky investment's return will vary. Complete the following table which shows an example of a risky investment rounding off each calculation to the nearest cent.

Money to Invest Return Gain/Loss Total

1. R1,000,00 0% R0,00

2. R1,000,00 –8% (R80,00)

3. R1,000,00 19% R190,00

4. R1,000,00 –6% (R60,00)

5. R1,000,00 14% R140,00

6. R1,000,00 12% R120,00

(4)

d. In your own opinion, which type of investment would you prefer? Motivate your answer.

3. Planning and controlling a budget: Identify and list your monthly income:

Description Amount

Income

Salary

Commission

Stokvel

Other:

Total Income

4. Identify and list your monthly expenses / expenditure. Then give each item on your list a priority [A

is most important / essential and B is less important / want, not a need]. Once you have completed

this, then calculate the specific item as a percentage of the total expenditure:

(5)

Description Amount Priority

A/B

% of Total Expenditure Essential Fixed Expenditure

Rates

Rent / Bond

Home Insurance

Car Insurance

Other loans

Hire Purchase

School Fees

Subtotal

Essential Variable Expenditure (estimation)

Transport Fares / Parking

Petrol

Meat

Groceries

Electricity / Gas

Telephone / Cell Phone

Savings

School Books

Stokvel

Insurance

Med Insurance / Aid

Other

Subtotal Discretionary Expenses (estimation)

Clothes Birthdays

Hairdresser

Alcohol, smoking, sweets, etc.

Entertainment / Holidays

Magazines / Newspapers

Sport/ Hobbies

Church

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Subtotal

Total Expenditure

5. Now work out the variance / shortfall between your income and your expenditure:

Total expenditure Total Income Variance [Surplus or Shortfall]

6. Answer the following:

If you have a favourable variance (money left after everything has been paid), explain how you will spend the extra money.

If you have an adverse/ unfavourable variance (too little income for your expenses), explain how

you make “ends meet”.

(7)

Place any extra evidence after this page, clearly marked for easy reference.

Class Activity 2: Use simple and compound interest

Complete the following in small groups / individually as per the instructions from your facilitator:

7468.2.

7468 EEK2 7468 EEK4 1. What is the simple interest earned on R50 000 if it is invested for 12 years at 8%

per

annum? (Hint:

Simple interest is earned when the investor withdraws the interest earned as soon as it is earned.)

2. What is the compound interest earned on R50 000 that is invested for 12 years at 8% per annum?

(Hint: compound interest is earned when the investor leaves the investment to grow by not

withdrawing any interest from the account or fund.)

(8)

3. What will your savings be worth if you saved R500 per month for 30 years? The bank

offers

a rate of 8% per annum.

4. Jimmy buys a furniture suite for R9 800. He takes out a hire-purchase loan involving equal monthly payments over five years. The interest rate charged is 15% per annum. He also takes out an insurance premium of R12 per month to cover the cost of damage or theft

a. Calculate the actual amount paid for the furniture suite

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b. Calculate the interest paid on furniture suite.

c. Calculate the monthly payment.

5. A sinking fund is established to replace a machine that will be obsolete 5 years from now. The machine will cost R140 000 to replace. The fund earns 10% per annum.

What monthly instalment must be paid into the sinking fund?

(10)

Place any extra evidence after this page, clearly marked for easy reference.

Class Activity 3: Aspects of costs and revenue

Complete the following in small groups / individually as per the instructions from your facilitator:

7468.3.

7468 EEK2 1. A clothing factory sells jackets for R300 each. The factory produces 400 jackets at a total cost of R100 000. When the director decides to increase production to 500 jackets, the total cost increases to R120 000.

a. Calculate the profit on the sale of the first 400 jackets.

b. Calculate the marginal cost incurred when increasing production to 500 jackets.

(11)

2. The average rate of inflation over the last 10 years was 7,2% p.a. The current price of 2,5 kg packet of maize meal is R9,95.

a. Calculate the expected price of maize in 10 years’ time if the rate of inflation continues at the same level.

b. How much did the 2, 5 kg packet of maize cost 10 years ago?

(12)

c. A DVD player costs R350, 00. Determine the expected cost of a similar DVD in 5 years’

time, based on an inflation rate of 7,9%.

3. Samuel builds a house that costs R750 000,00. Building costs are expected to increase by 12, 3%

p.a. Calculate the expected cost of building the same house in 8 years’ time.

4. Please read the following article carefully and answer the questions that follow.

Stieglitz: SA must drop targets 2009/07/08 07:34:00 PM [Source: Fin24.com]

Leani Wessels

Johannesburg — Nobel Prize winning economist Joseph Stieglitz has warned South Africa that economic policies like rigid inflation targeting should be a secondary concern amid the worst economic crisis since the Second World War. Speaking on the global financial meltdown at the University of Witwatersrand on Wednesday, the well-known economist said South Africa's inflation targeting mechanism was “a very indirect way of getting to the economy's underlying problems”.

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“I'm very strongly opposed to rigid inflation targeting,” said Stieglitz, a professor at Columbia University in New York, who was awarded the Nobel Prize for economics in 2001. “The financial crisis is in part as a result of central banks focusing on inflation. You have to balance it with other concerns. It's not that I don't care about inflation, but you need policies that will do something about the current economic situation,” he said. The South African Reserve Bank (SARB) shocked the market last month when it announced that it would not cut interest rates, in an attempt to achieve its inflation target of between 3% and 6%. The key repo rate — the rate at which the central banks lends to its commercial counterparts — is currently 7.5%. Stieglitz said he favoured a world economic order in which developed nations effectively subsidised developing nations by dropping surcharges and tariffs on their exports.

a. Based on your understanding of imports, exports and exchange rates, discuss the validity of Stieglitz’s view that dropping surcharges and tariffs on export will benefit the world economy.

b. Based on your understanding of inflation provide support to the argument that the SARB

should target inflation to benefit the South African economy.

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Place any extra evidence after this page, clearly marked for easy reference.

Class Activity 4: Aspects of the national and global economy Complete the following in small groups / individually as per the instructions from your facilitator:

7468.4.

7468 EEK2 Convert the currencies in the following problems:

1. A DVD player costs $300 in California. What would it cost in South Africa if the rand/dollar exchange rate is R8,45 to the US dollar?

2. You want to buy a book online costing £35 in London. How much will it cost you in Rands given that

the rand/pound exchange rate is R13, 00.

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3. You want to buy a box of Japanese sweets costing 50 yen (¥). If the rand/yen exchange rate is one rand to 16.78 yen, calculate the cost of the sweets in Rands.

4. Peter is visiting a friend in New York for a week. He has R2 500 to spend and will exchange the

money for US dollars. How many dollars will he have to spend if the rand/dollar exchange rate is

R8.45?

(16)

5. Divide into 2 groups, one group for and another one against the statements below. Use mathematical proof to debate the following aspects of the national and global economy:

a. Personal tax is too high in South Africa.

Make your notes here:

b. Productivity is low in South Africa

Make your notes here:

(17)

c. Global distribution of resources is unfair Make your notes here:

Ask the selected chairperson to complete the following assessment of your debating points:

(18)

Learner name: Date:

Did the learner: Yes No

Calculate values correctly?

Use mathematical tools and systems effectively to determine, compare and describe aspects of the national or global economy?

Base debating points on well-reasoned arguments?

Support debating points by mathematical information?

Colleague Name

Colleague Signature

LearnerSignature

Facilitator Signature

Place any extra evidence after this page, clearly marked for easy reference.

(19)

Reflection

Individually complete the following:

⁷⁴⁶⁸

The purpose of reflection is for you to consider what you have learnt and how you will use it in the future.

Answer the following questions as honestly as you can:

1. After the training programme, I can now (tick):

 Use mathematics to plan and control financial instruments including insurance and assurance, unit trusts, stock exchange dealings, options, futures and bonds

 Use simple and compound interest to make sense of and define a variety of situations including mortgage loans, hire purchase, present values, annuities and sinking funds

 Investigate various aspects of costs and revenue including marginal costs, marginal revenue and optimisation of profit

 Use mathematics to debate aspects of the national and global economy, including tax, productivity and the equitable distribution of resources

2. How would you apply what you have learnt during this skills programme in the workplace?

3. What was the most significant thing you have learnt in this programme?

4. What do you think you still need to learn more about? (Action Plan)

5. What did you enjoy most about the training?

6. If there was something about the training that you could change, what would it be?

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Facilitator Observation Checklist

The facilitator needs to provide feedback on the participation of each learner in the class:

7468

The purpose of the facilitator observation checklist is to provide the learner with feedback about his/her participation during the formative class activities and also to highlight the observed strengths and perceived weaknesses that the learner displayed during the workshop and/or learning programme.

The facilitator is required to complete the Facilitator Observation checklist for each learner in his/her Learner Workbook. The learner needs to sign-off the document to confirm that he/she has received the observation feedback.

Learner Name Facilitator Name Date

Class Activity Group /

Individual

Completed



Participation Comments on perceived strengths and weaknesses of the learner

  

1. Plan and control financial instruments

2. Use simple and compound interest

3. Aspects of costs and revenue

4. Aspects of the national and global economy

5. Reflection Individual

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Class Activity Group /

Individual

Completed



Participation Comments on perceived strengths and weaknesses of the learner

  

Has the learner sufficiently demonstrated application of the following CCFO’s during the facilitated session?

CCFO1:

Solving a variety of numerical and financial problems

Use mathematics to analyse, describe and represent financial situations and to solve problems

CCFO2:

N/A

CCFO3:

N/A

CCFO4:

Gather, organise, evaluate and interpret financial information to plan and make provision for monitoring budgets and other financial situations

Yes / No Yes / No Yes / No Yes / No

CCFO5:

Use everyday language and mathematical language to describe relationships, processes and problem solving methods

CCFO6:

N/A

CCFO7:

N/A

CCFO8:

N/A

Yes / No Yes / No Yes / No Yes / No

Statement by the facilitator:

The learner has demonstrated sufficient knowledge and skill during class to proceed with the summative assessment (circle)

Yes No

Additional comments: (optional)

Learner Signature Facilitator Signature

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Summative Assessment

Please complete the following summative assessment activities and submit as part of your Portfolio of Evidence:

 Knowledge Questions

 Practical Activities

 Witness Testimony

 Logbook

The learner needs to individually complete the summative assessment activities. The summative assessment is conducted by means of a knowledge questionnaire and various integrated assessment activities. The learner needs to follow the summative assessment activity instructions to create the evidence required for the portfolio of evidence.

Note: The Critical Cross Field Outcomes are referenced in the following manner:

CCFO1- Identify and solve problems in which responses demonstrate that responsible decisions using critical and creative thinking have been made

CCFO2- Work effectively with others as a member of a team, group, organisation, community CCFO3- Organise and manage oneself and one's activities responsibly and effectively CCFO4- Collect, analyse, organise and critically evaluate information

CCFO5- Communicate effectively using visual, mathematical and/or language skills in the modes of oral and/or written presentation

CCFO6- Use science and technology effectively and critically, showing responsibility towards the environment and health of others

CCFO7- Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation

CCFO8- Be culturally sensitive across a range of social contexts so that all actions and decisions made are acceptable to all stakeholders with broad cultural backgrounds

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Knowledge Questions

Please answer the following knowledge questions related to the unit standard embedded knowledge and assessment criteria and place it in your portfolio of evidence. Remember to number the answers according to the question numbers, should you need to attach a document.

You have to complete this Knowledge Questionnaire individually based on the theory that you covered in your Learner Guide and the formative assessments you completed in your Learner Workbook.

Knowledge Questions

Individually complete the following:

Unit Standard Reference

1. Describe what budgeting is and why a business or a household should budget

regularly? 7468 EEK1

(2) 2. Define the following financial terms and provide an example of each to substantiate

your answer. 7468 EEK2

Income

(24)

Expenditure

Fixed costs

Variable costs

Depreciation

Equity

(25)

Shares

Stokvel

(16) 3. Define the following terms associated with planning and controlling financial

instruments 7468.1.1

Financial instruments

Currency

Insurance

Assurance

(26)

Stocks

Unit trusts

Stock Exchange dealings

Options

Futures

Bonds

Risk

(27)

Return

(24)

4. Define the following mathematical terms: 7468 EEK3

Estimate

Approximate

(2)

5. Define the following terms related to interest. 7468.2.1

7468 EEK4 Interest

Interest rate

Simple interest

(28)

Compound interest

Compound increase

Compound decrease

Interest expenses

Mortgage loans

Hire Purchase (HP)

Present Value

(29)

Annuity

Sinking funds

(24) 6. Define the following terms related to aspects of costs and revenue. 7468.3.1

marginal costs

marginal revenue

optimisation of profit

(6) 7. Define the following terms related to aspects of the national and global economy 7468.4.1

Inflation

(30)

Exchange rate

Foreign exchange

Imports

Exports

Currency

Comparative effectiveness of currency in relation to remuneration

Inflation

(31)

Measures of Inflation

Monetary policy

Instruments of monetary policy

Inflation targeting

Consumer Price Index

(26)

Total / 100

(32)

Practical Activities

Individually complete the following activities to show your ability to integrate and apply your knowledge and skills in the workplace.

Practical Activity: Use mathematics to investigate and monitor the financial aspects

Individually complete the following:

7468.

EEK1-4 CCFO1,3,5

You need to show that you can use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues

Complete the following:

1. Use mathematics to plan and control financial instruments including insurance and assurance, unit trusts, stock exchange dealings, options, futures and bonds. Complete the following tasks and provide evidence to show that you have done the following:

a. Do research and provide examples such as pamphlets or internet website downloads of example products that you could have in your personal capacity for insurance and assurance, unit trusts, stock exchange dealings, options, futures and bonds

b. Select a life insurance policy option and summarise the costs and benefits of the specific policy

2. Use simple and compound interest to make sense of and define a variety of situations including mortgage loans, hire purchase, present values, annuities and sinking funds. Complete the following tasks and provide evidence to show that you have done the following:

a. Do research and provide examples such as pamphlets or internet website downloads of example products that you could have in your personal capacity: mortgage loans, hire purchase, present values, annuities and sinking funds

b. Select a mortgage loan or an HP contract and summarise the costs and benefits of the specific interest situation

3. Investigate various aspects of costs and revenue including marginal costs, marginal revenue and optimisation of profit. Complete the following tasks and provide evidence to show that you have done the following:

a. Do research and show calculations of costs and revenue (including marginal costs, marginal revenue and optimisation of profit) for an organisation/ business unit/ small business. Provide supporting documentation as evidence to support your calculations

4. Use mathematics to debate aspects of the national and global economy, including tax, productivity and the equitable distribution of resources. Complete the following tasks and provide evidence to show that you have done the following:

a. Do research and show calculations of the tax that you would pay as an individual.

b. Do you think that it is “right” that you should be paying tax? Provide reasons to substantiate your answer

Remember: Provide (workplace) evidence to support your answers and show your ability to do what is required of you in this activity.

Place your evidence after this page; clearly marked for easy reference.

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Practical Activity Checklist

Please tick that you have submitted the following evidence as per the instructions above:

Learner Name Date

Practical Activity Submitted

Yes/No

Name of my document / Comments

Use mathematics to plan and control financial instruments including insurance and assurance, unit trusts, stock exchange dealings, options, futures and bonds

a. Do research and provide examples such as pamphlets or internet website downloads of example products that you could have in your personal capacity for insurance and assurance, unit trusts, stock exchange dealings, options, futures and bonds

b. Select a life insurance policy option and summarise the costs and benefits of the specific policy

Use simple and compound interest to make sense of and define a variety of situations including mortgage loans, hire purchase, present values, annuities and sinking funds

a. Do research and provide examples such as

pamphlets or internet website downloads of example products that you could have in your personal capacity: mortgage loans, hire purchase, present values, annuities and sinking funds

b. Select a mortgage loan or an HP contract and summarise the costs and benefits of the specific interest situation

Investigate various aspects of costs and revenue including marginal costs, marginal revenue and optimisation of profit

a. Do research and show calculations of costs and revenue (including marginal costs, marginal revenue and optimisation of profit) for a small business. Provide supporting documentation as evidence to support your calculations

Use mathematics to debate aspects of the national and global economy, including tax, productivity and the equitable distribution of resources

a. Do research and show calculations of the tax that you would pay as an individual.

b. Do you think that it is “right” that you should be paying tax? Provide reasons to substantiate your answer

Learner Signature

(34)

Witness Testimony

In the workplace, or in simulated classroom activities, you need to show your ability to integrate what you have learnt. This can be measured with the Specific Outcomes and the Critical Cross Field Outcomes of the Unit Standard.

Request your facilitator / supervisor (or workplace mentor) to complete the following form to show that you are able to integrate your learning into everyday workplace application. It is necessary that the facilitator / supervisor also provides a short comment on the form:

Learner Name Date

Did the Learner: Yes No

1. Use mathematics to plan and control financial instruments including insurance and assurance, unit trusts, stock exchange dealings, options, futures and bonds?

2. Use simple and compound interest to make sense of and define a variety of situations including mortgage loans, hire purchase, present values, annuities and sinking funds?

3. Investigate various aspects of costs and revenue including marginal costs, marginal revenue and optimisation of profit?

4. Use mathematics to debate aspects of the national and global economy, including tax, productivity and the equitable distribution of resources?

5. Solving a variety of numerical and financial problems?

6. Use mathematics to analyse, describe and represent financial situations and to solve problems?

7. Gather, organise, evaluate and interpret financial information to plan and make provision for monitoring budgets and other financial situations?

8. Use everyday language and mathematical language to describe relationships, processes and problem solving methods?

Comments about how the learner applied the knowledge and skills in this programme:

Learner Name:

Learner Signature Date

Facilitator Name:

Facilitator Signature Date

(35)

LOGBOOK

This log book has been included to record all time spent on the report and assignments.

Time spent completing on activities should be signed off by a facilitator, supervisor, mentor or witness where possible.

Learner Name:

Learner ID#:

Course Name FETC Business Administration Services NQF 4: SAQA ID 61595

Unit Standard Name SAQA ID 7468: Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues; NQF Level 4, 6 Credits

SAQA ID Number 7468 Credits 6 Notional Hours 60 Hours

Practical / Workplace Activities Start Date

End Date

Total No of Hours

Sign Off by Facilitator / Supervisor / Manager / Mentor / Witness

Name &

Surname

Relationship to Learner

Signature

Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues

60 Hours

Activities Completed:

Classroom Training

Review and create a checklist to ensure effective control of financial instruments

Check that calculations are carried out using computational tools efficiently

Ensure that solutions obtained are verified in terms of the context Identify and confirm with your supervisor that measures used for

(36)

control purposes are appropriate to the need and are in line with control plans

List the differences between simple and compound interest and ensure that it is described in terms of their common applications and effects

Discuss and confirm with your supervisor that methods of calculation are appropriate to the problem types

Create a checklist to ensure computational tools are used efficiently and correctly

Confirm that the solutions obtained are verified in terms of the context or problem

Provide written confirmation that solutions to calculations are used effectively to define the changes over a period of time

Ensure that values are calculated correctly

Obtain an example to demonstrate that mathematical tools and systems are used effectively to determine and describe the relationships between the various aspects of cost and revenue Discuss and confirm with your supervisor that terminology is used in the correct context

Describe reasonable methods for the control of costs and optimisation of profits in relation to given data

Ensure that values are calculated correctly

In a written report, describe how mathematical tools and systems are used effectively to determine, compare and describe aspects of the national and global economy

Call a meeting with your peers

In this meeting, get confirmation that debating points are based on well-reasoned arguments and are supported by mathematical information

Other workplace-related tasks:

(37)

FEEDBACK SECTION Comments from Facilitator:

Comments from Student:

(38)

Assessment Activities Checklist

The learner needs to complete all the required activities that are guided by the Specific Outcomes and Assessment criteria of the Unit Standard(s) in this programme:

Programme Use mathematics to investigate and monitor financial aspects

Unit Standard SAQA ID 7468: Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues; NQF Level 4, 6 Credits

Once you have completed all the assessment activities, request your supervisor to check that you have completed all the required activities and that they have all been placed in your Portfolio of Evidence, in the following order:

Did the learner provide the required evidence:

Reference: Comments / Feedback Yes No

Formative – Class Activities

Class Activity 1

7468.1.

7468 EEK1 7468 EEK2 7468 EEK3 Class Activity 2

7468.2.

7468 EEK2 7468 EEK4

Class Activity 3 7468.3.

7468 EEK2

Class Activity 4 7468.4.

7468 EEK2

Reflection 7468

Facilitator Observation

Checklist 7468

Summative - Knowledge Questions

Question 1 7468 EEK1

Question 3 7468.1.1

Question 5 7468.2.1

7468 EEK4

Question 6 7468.3.1

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Did the learner provide the required evidence:

Reference: Comments / Feedback Yes No

Question 7 7468.4.1

Summative – Practical Activities

Practical Activity

7468.

EEK1-4 CCFO1,3,5

As per the Practical Activity Checklist:

Summative – Witness Testimony

Witness Testimony 7468

Summative – Logbook

Logbook 7468

Learner Name:

Learner Signature Date

Facilitator Name:

Facilitator Signature Date

(40)

FOR STUDENT

This is to verify that the above work is my own / authentic.

Learner Name: _________Learner Student No:_

Learner Signature: Date: _____

FOR FACILITATOR

This is to verify that the learner has completed all the above and is awaiting final assessment / moderation.

File Checked:

Date Facilitator Name Facilitator Signature

(41)

Basic Conditions of Employment Act, 1997

Record of Time Worked

Employee Name: ________________________________________________________

Employee Surname: ______________________________________________________

Employee ID Number: ____________________________________________________

Employee Signature: _____________________________________________________

Employer Name: _________________________________________________________

Employer Signature: ______________________________________________________

Year: 2021

Month: _______________________________________

Total hours worked / productive capacity made available during the month: 160 hours

Work completed:

Time spent on training including classroom training and/or digital learning as well as study and revision time;

X

Time spent on completing work and digital work tasks (including availability for work); X Time spent on compiling assessments (formative and summative) for your PoE; X