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: 

Apply selected GRAP (Generally Recognised Accounting Practices) to periodic accounting reporting process 
SAQA US ID UNIT STANDARD TITLE
119348  Apply selected GRAP (Generally Recognised Accounting Practices) to periodic accounting reporting process 
ORIGINATOR ORIGINATING PROVIDER
SGB Public Administration and Management   
QUALITY ASSURING BODY
-  
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 5  Level TBA: Pre-2009 was L5  12 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2012-07-01  2015-06-30  SAQA 0695/12 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2016-06-30   2019-06-30  

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 
Learners working towards this standard will be working within a Public Sector environment, specialising in Public Finance Management and Administration, where the acquisition of competence against this standard will add value to one's job. This standard will also add value to public officials who are seeking to develop a career pathway towards becoming an accomplished public finance management and administration specialist.

The qualifying learner is capable of:
  • Defining and applying GRAP in the context of public finance and administration
  • Defining a conceptual framework for accounting reporting
  • Defining measurement criteria for determining financial position and performance
  • Identifying financial reports and identifying and resolving discrepancies 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this Unit Standard must be in possession of a Further Education and Training Certificate or equivalent qualification 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain and apply the conceptual framework underlying GRAP. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Overall objectives of public sector financial reporting are explained with reference to specific information needs of stakeholders. 

    ASSESSMENT CRITERION 2 
    The elements of public sector financial statements relating to the measurement of financial positions are identified and applied. 

    ASSESSMENT CRITERION 3 
    The elements of public sector financial statements relating to measurement of financial performance are identified and applied in the preparation of annual statements. 

    ASSESSMENT CRITERION 4 
    The elements of public sector financial statements relating to cash flow are identified and applied in the preparation of financial reports. 

    ASSESSMENT CRITERION 5 
    The need for conceptual framework and standard of financial reporting for the public sector organisation is clearly understood and applied. 

    ASSESSMENT CRITERION 6 
    Qualitative characteristics of financial information are identified and explained with reference to measurement issues. 

    SPECIFIC OUTCOME 2 
    Present separate periodic financial statements in accordance with GRAP. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The statement of changes in net assets is presented. 

    ASSESSMENT CRITERION 2 
    The statement of financial position is presented. 

    ASSESSMENT CRITERION 3 
    The statement of financial performance is presented. 

    ASSESSMENT CRITERION 4 
    The statement of changes in net assets is presented. 

    ASSESSMENT CRITERION 5 
    The statement of cash flow is presented. 

    ASSESSMENT CRITERION 6 
    The notes in support of financial statements are presented. 

    ASSESSMENT CRITERION 7 
    Recognition and measurement criteria are understood and applied. 

    SPECIFIC OUTCOME 3 
    Explain selected statutory provisions related to financial reporting. 
    OUTCOME RANGE 
    Statutory provisions include but are not limited to various legislation instruments impacting on the Public Finance Management Act 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The public financial management act disclosure requirements are identified and explained in the presentation of financial statements. 

    ASSESSMENT CRITERION 2 
    The treasury guidelines relating to financial reporting are explained in the presentation of financial statements. 

    ASSESSMENT CRITERION 3 
    The Municipal Financial Management Act disclosure requirements relating to financial reporting is explained in the presentation of financial statements, including annual reporting. 

    SPECIFIC OUTCOME 4 
    Analyse and interpret financial statements. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The financial position and performance disclosed in financial statements are analysed. 

    ASSESSMENT CRITERION 2 
    The financial position and performance disclosed in separate financial statements are interpreted. 

    ASSESSMENT CRITERION 3 
    The cash-flow disclosed in financial statements is analysed. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. Any 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.
    2. 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.
    3. 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.
    4. Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The learner must demonstrate an understanding of:
  • Public sector policies and procedures relating to financial reporting
  • Public Finance management Act
  • Measurement tools for benchmarking financial performance
  • GRAP
  • GAAP
  • Defining conceptual frameworks for accounting reporting
  • Financial management techniques in respect of accounting reporting 

  • 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 to define conceptual frameworks for financial reporting 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization or community to brainstorm ideas and concepts pertaining to accounting reporting frameworks and processes 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to ensure accounting reporting is expediently completed 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and crtically evaluate information in order to evaluate accounting reports 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to convey information pertaining to accounting reports 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in ensuring that reporting systems are managed in an integrated and secure manner 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that accounting reporting problem solving contexts do not exist in isolation and form part of a regulatory framework within the public sector 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by ensuring that reports are completed according to GRAP. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE QUALITY ASSURING BODY
    Core  49554   National Diploma: Public Finance Management and Administration  Level 5  NQF Level 05  Reregistered  2015-06-30  LG SETA 
    Elective  50060   National Certificate: Public Administration  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2015-06-30  PSETA 


    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 Quality Assuring Bodies 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 Quality Assuring Body should be notified if a record appears to be missing from here.
     
    1. ABA Sebenzi 
    2. Amaqamu Project Management and Consulting 
    3. Asiphokuhle Training and Research Institute 
    4. AUBREY NYIKO BUSINESS ENTERPRISES 
    5. Bavuse Trading Enterprises cc 
    6. BEE Mining Educational Forum (Pty) Ltd 
    7. Belgravia Institute of Mangement (PTY) LTD 
    8. Better Best Skills Development 
    9. Capricon Training Consultants cc 
    10. Capricorn FET College - Central Office 
    11. Capricorn FET College - Polokwane Campus 
    12. Century Business Academy 
    13. CHAMELEON PERFORMANCE IMPROVERS CC 
    14. Cool Ideas T/A ESP Consulting 
    15. Development Bank of Southern Africa (DBSA) 
    16. E-Login Business Institute (Pty) Ltd 
    17. Elangeni College for FET - Central Office 
    18. Elangeni College for FET - Inanda Campus 
    19. Fachs Business Consulting and Training 
    20. Free State Training and Development Institute 
    21. Globalwise Training & Consulting (PTY) Ltd. 
    22. GOBELA CONSULTING 
    23. Goldfields FET College - Tosa Campus 
    24. Harvitex cc 
    25. Ikhaya Training and Consulting 
    26. Ilitha Lelizwe Consulting 
    27. Indub Trading c.c. 
    28. Institute of Health and Social Care Studies 
    29. IQ Skills Academy (PTY) LTD. 
    30. Kamanga Skills Projects 
    31. Kgolo Institute 
    32. Khoali Group of Companies 
    33. Khosithi Training 
    34. KMS COLLEGE 
    35. LEMARK TRAINING & DEVELOPMENT 
    36. Lephalale FET College - Central Office 
    37. Lephalale FET College - Modimolle Campus 
    38. Makavila Suppliers CC. 
    39. Makgoka Development Facilitation (PTY) Ltd. 
    40. Management College of Southern Africa (MANCOSA) 
    41. Mimoisa Business Solutions CC 
    42. Mission Point Trading 69 
    43. Motheo FET College - Bloemfontein Campus 
    44. Motheo FET College - Central Office 
    45. Msuthu Training Services 
    46. Nelson Mandela Metropolitan University 
    47. NJ & L Trading Enterprise CC. 
    48. Omithombo Management Academy 
    49. Positive Thinking Consultants cc 
    50. Pro-Active Assessment & RPL College (Pty) Ltd 
    51. Pro-Active Public Services College (Pty) Ltd 
    52. Profiles International Southern Africa (Pty) Ltd 
    53. Purple Haze Connexion (PTY) LTD 
    54. Reflections Development Institute 
    55. Regenesys Management (Pty) Ltd 
    56. Regenesys School of Public Management 
    57. Regent Business School (Pty) Ltd t/a Regent Business School 
    58. Resonance Institute of Learning 
    59. Ritepath HR Solutions 
    60. Saint Colonel Graduate Institute (PTY) Ltd 
    61. Sizanesu Consulting 
    62. Summat Training Institute 
    63. Talent Emporium Academy (PTY) Ltd 
    64. The People Architects 
    65. Thembela Dlokweni Support Services 
    66. Thuto-Boswa Education and Training Solution 
    67. Thuto-Boswa Education and Training Solutions 
    68. TMP Training and Development 
    69. Tradesman Consulting and Training Solutions 
    70. Ukhozi Consulting Cleaning Services 
    71. Umfolozi FET College - Central Office 
    72. Umgungundlovu FET College 
    73. University of Fort Hare 
    74. University of Pretoria 
    75. University of Venda 
    76. Vantage Training 
    77. Vhembe FET College - Central Office 
    78. Waterberg FET College - Central Office 
    79. Wits University 



    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.