SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Prepare and analyse municipal financial reports 
SAQA US ID UNIT STANDARD TITLE
116363  Prepare and analyse municipal financial reports 
ORIGINATOR
SGB Public Administration and Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Public Administration 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  12 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is for all people involved in Financial Management in a municipality. People credited with this Unit Standard are able to:
  • Select, measure, recognise, classify, and report on financial information after taking into account relevant financial reporting standards, as well as legislative requirements.
  • Contribute to municipal financial reporting. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the Learners are competent in:
  • Communication at NQF Level 4
  • Mathematical Literacy at Level 4.
  • Accountancy at Level 4. 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Select measure, record, classify and report financial data in accordance with current financial reporting standards. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The background and purpose of a financial reporting standard is commented on in line with the principles of municipal financial reporting. 

    ASSESSMENT CRITERION 2 
    The components of the statement of financial position are defined, measured, classified and disclosed in accordance with acceptable local and international public sector accounting standards. 

    ASSESSMENT CRITERION 3 
    The components of the statement of financial performance are defined, measured, classified, and disclosed in accordance with internationally accepted publics sector accounting procedures. 

    ASSESSMENT CRITERION 4 
    The concepts of the different types of capital maintenance are applied in line with generally recognised accounting practice. 

    SPECIFIC OUTCOME 2 
    Prepare and comment on financial reports for different forms of municipal entities. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Consequential differences in the reporting of equity of municipal entities is recognised in the preparation of consolidated financial statements. 

    SPECIFIC OUTCOME 3 
    Apply and comment on statements of generally recognised accounting practice. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concepts of the different types of capital maintenance are applied in line with international public sector accounting standards. 

    ASSESSMENT CRITERION 2 
    The appropriate method of current value accounting is used in preparation and presentation of supplementary financial statements in line with international public sector accounting standards. 

    SPECIFIC OUTCOME 4 
    Analyse and interpret financial statements for stakeholders. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Ratios relevant to the determination of liquidity, profitability, activity and long-term solvency are calculated and advised on from a set of financial statement. 

    ASSESSMENT CRITERION 2 
    Different users of municipal financial statements are identified and their information needs presented and explained to inform financial reporting system. 

    ASSESSMENT CRITERION 3 
    Limitations of published financial information are recognised with reference to improving operating capability of a municipality. 

    ASSESSMENT CRITERION 4 
    Results of an analysis of profitability and solvency risks are interpreted in the assessment of financial health of a municipality. 

    ASSESSMENT CRITERION 5 
    Multivariate financial analysis are carried out and communicated to appropriate users of municipal financial statements. 

    ASSESSMENT CRITERION 6 
    Ratios relevant to the determination of liquidity, profitability, activity and long-term solvency are calculated and advised on from a set of financial statement. 

    ASSESSMENT CRITERION 7 
    The financial performance report is prepared to enable an analysis of the overall financial state of a municipality within the framework of financial reporting. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Nature of accounting data
  • Objectives of financial reporting
  • Different bases of measurement
  • International public sector accounting standards
  • National Treasury regulations
  • Municipal finance management legislation 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using critical and creative thinking processes, e.g. by implement effective risk management and accounting practices. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community, e.g. through assuring that al roles players are committed to meeting the required reporting standards. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively, e.g. through the demonstration of ethical and moral principles in all reporting processes. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information, e.g. through assuring accuracy in all reporting documents. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and / or language skills in the modes of oral and/or written persuasion, e.g. through contributing to discussions on ways of minimizing risks and improving financial reporting procedures. 

    UNIT STANDARD CCFO SCIENCE 
    Use Science and technology effectively and critically, showing responsibility to the environment and health of others, e.g. use appropriate computer software for mathematical computation, planning, data capturing and document storage purposes. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that problem-solving contexts do not exist in isolation, e.g. in keeping in mind that best practice financial reporting effects the financial sustainability of not only the municipality but the country as a whole. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities, e.g. acting as custodian of ethical behaviour and maintaining a high level of commitment to providing effective reporting procedures. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  48965   Certificate: Municipal Financial Management  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  LG SETA 
    Elective  67467   National Certificate: Municipal Governance  Level 5  NQF Level 05  Reregistered  2023-06-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. ABA Sebenzi 
    2. AfroXpert Performance Developement cc 
    3. All Access Holdings 
    4. Amabamba Recruitment 
    5. Amadube Investments CC 
    6. ARMS - Audit & Risk Management Solutions 
    7. Ashley Maloka Consulting 
    8. Asiphokuhle Training and Research Institute 
    9. AVAX SA 481 CC. T/A Mandisa Development Services 
    10. Bafedile M (PTY) LTD 
    11. Bantubanye Skills 
    12. Bavuse Trading Enterprises cc 
    13. Blue Poplar 
    14. Boikgantsho Consulting & Events 
    15. Boni Africa Events & Development 
    16. Break The Chains Development Services 
    17. Buena Vista Learning Academy 
    18. Camissa Institute 
    19. Change Strategies Consulting Services CC 
    20. Crimsonblu (PTY) LTD 
    21. CTAM Training and Consulting 
    22. CTC College(PTY) LTD. 
    23. Dean Institute Of Learning (Pty) Ltd 
    24. Development Bank of Southern Africa (DBSA) 
    25. Dijama Training Academy 
    26. DITEBOGO CONSULTANCY CC 
    27. Edequette Training Institute 
    28. Elvis Koena Consulting (Pty) Ltd 
    29. Envirogreen 
    30. Eskilz College (Pty) Ltd 
    31. Execuprime Business College (Pty) Ltd 
    32. Explicit Communications 
    33. Frugatrax Consultants 
    34. Gauteng Association Of Local Authorities 
    35. Giant Alive Services 
    36. Glere Skills and Consultants 
    37. Glo Leb Training & Development 
    38. Goitseone Trading and Projects Pty LTD 
    39. Growth Management Consulting 
    40. Hamonate Consulting 
    41. Hlaniki Investment Holdings 
    42. HS GLOBAL SKILLS BUSINESS SOLUTIONS 
    43. Ikhaya Training and Consulting 
    44. Ilinge Labantu Debt Solution 
    45. Inafrica General Trading Pty LTD 
    46. IQ Skills Academy (PTY) LTD. 
    47. JNUTO Trading and Projects 
    48. Jobafrik Consulting 
    49. Johsie Enertprise 
    50. K Shabangu FET College 
    51. KAGISHO BUSINESS CONCEPTS (Pty) LTD 
    52. KALIDEEN MANAGEMENT SERVICES 
    53. Kamanga Skills Projects 
    54. Kelsey Events and Business Consulting 
    55. Kgolo Institute 
    56. Khabolwazi Pty LTD 
    57. KHOSITHI TRAINING 
    58. KN Business Solutions 
    59. KOKANO PROJECTS PTY LTD 
    60. Kueneng Investment Holding 
    61. Kuyakhula Development Initiatives 
    62. KYM MANAGEMENT CONSULTING 
    63. Lekoko Consulting (PTY) LTD 
    64. Letlhokoa Management Services CC 
    65. Letlotlo La Gae (Pty) Ltd 
    66. Lewerb Holdings (PTY) Ltd 
    67. M.I.C. Training and Development 
    68. Mabuya Amahle Trading 
    69. Mahayi HRD Services cc 
    70. Maile Consulting 
    71. Makavila Suppliers CC. 
    72. Management College of Southern Africa (MANCOSA) 
    73. Maono Tai Consulting and Training 
    74. Marcado Human Resources Strategies 
    75. Maritime Business Institute 
    76. Masemase Consultancy CC. 
    77. MashMP Holdings 
    78. Mass Computer Training And Printers 
    79. MATEPE INVESTMENTS (PTY) LTD 
    80. Matsila Holdings 
    81. Mcebo Technologies 
    82. Mgwezane Training and Events Management CC. 
    83. Miczo's Enterprise 
    84. Mission Point Consulting 
    85. Mmadiolwana Business Enterprise 
    86. Mod-Mosh Projects and Consulting (PTY) LTD 
    87. Mona SS 
    88. Morar Incorporated 
    89. Morena Empire Investment 
    90. Mortarboard Training Solutions 
    91. Motheo Skills Entity 
    92. MOVING AHEAD DEVELOPMENT AGENCY 
    93. MTHENGENYA & ASSOCIATES 
    94. Murusu Mining Resources 
    95. Nemalale Eagles Consultancy CC 
    96. Nhlahle Development Agency 
    97. NJ & L Trading Enterprise CC. 
    98. NOMAKU TRADERS CC 
    99. Nomsithi Trading 
    100. NORKEM LEADERSHIP DEVELOPMENT INSTITUTE (PTY) LTD 
    101. NS Global Academy 
    102. Nyankwavi Investment CC. 
    103. Opelong Business Institute 
    104. Outeniqua Leadership Institute 
    105. Pachedu Skills Solutions 
    106. Pachi Global Foundation 
    107. Paseka Business Enterprise 
    108. Pioneer Business Consulting 
    109. Power Rush Trading 170 CC. 
    110. Powernexus 
    111. PTDEV (Pty) Ltd 
    112. Regenesys Management (Pty) Ltd 
    113. RMK Industries (Pty) Ltd 
    114. Sekakopamo Holdings 
    115. SIZA NESU TRAINING AND DEVELOPMENT 
    116. Solstice Networks CC. 
    117. Stellenbosch University 
    118. Summat Training Institute 
    119. Talent Emporium Academy (PTY) Ltd 
    120. The Crimson CO CC. 
    121. Thubelihle Graduate Institute 
    122. Tloumogale Business Development & Consulting 
    123. Tradesman Consulting and Training Solutions 
    124. Tsebo Kitso Trainings 
    125. Tshwane Leadership & Management Academy/Tshwane Metro Police 
    126. Tshwane Training Institute (PTY) LTD. 
    127. Tuns Trading and Projects (Pty) Ltd 
    128. Ubuholi Bendabuko Capacity Building (PTY) Ltd 
    129. Umqondo Consultancy 
    130. University of Fort Hare 
    131. University of North West 
    132. University of Pretoria 
    133. Venado Trading 
    134. Vhutshilo Health And Training Organisation 
    135. Vicmat Consultants 
    136. Vision Africa Training Institute 
    137. Vuselela FET College - Central Office 
    138. Vuselela FET College - Klerksdorp Campus 
    139. WEINVEST INVESTMENT CC 
    140. Wits University 
    141. Ya Hina Management Consulting and projects 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.