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 THAT HAS PASSED THE END DATE: 

Apply accounting principles and procedures in the preparation of reports and decision making 
SAQA US ID UNIT STANDARD TITLE
119350  Apply accounting principles and procedures in the preparation of reports and decision making 
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 5  Level TBA: Pre-2009 was L5  15 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "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 
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:
  • Demonstrating an understanding of accounting principles and reporting requirements and nature of functions in the public sector
  • Using accounting techniques and approaches to process financial information
  • Applying end of period accounting procedures in the preparation of financial statements
  • Applying procedures necessary for control over cash transactions and balances
  • Utilising procedures for reporting and recording accounts receivables
  • Utilising procedures for recording and reporting on liabilities in the public sector 
    		•

    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 
    Demonstrate an understanding of accounting principles and reporting requirements and nature of functions in public sector. 
    OUTCOME RANGE 
    Accounting principles include but are not limited to matching, consistency, prudence, substance over form, conservatism, going concern and fair presentation, GRAP 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The public sector accounting environment is explained in the context of the public sector. 

    ASSESSMENT CRITERION 2 
    The nature of accounting principles, concepts and organisations influencing the development of accounting practice for the public sector are explained. 

    ASSESSMENT CRITERION 3 
    Appropriate accounting systems and procedures are derived and implemented in the public sector environment. 

    ASSESSMENT CRITERION 4 
    Treasury guidelines relating to accounting are explained. 

    ASSESSMENT CRITERION 5 
    Understand the importance of maintaining accounting records that are updated timely. 

    ASSESSMENT CRITERION 6 
    Understand the different financial reports to support management and decision-making in the public sector. 

    ASSESSMENT CRITERION 7 
    Understand the difference between the cash and accrual basis of accounting. 

    SPECIFIC OUTCOME 2 
    Use accounting techniques and approaches to process financial information. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The different accounting records that are necessary to process financial information are prepared. These include the general ledger, cash books, fixed asset registers and stores ledgers. 

    ASSESSMENT CRITERION 2 
    Regular reports on the financial position, financial performance and cash-flow are prepared in-year and analysed. 
    ASSESSMENT CRITERION RANGE 
    Range statement Includes but not limited to all requirements to prepare in-year reports and to analyse and interpret financial trends and ratios.
     

    ASSESSMENT CRITERION 3 
    Present information to decision-makers on the performance against the budget. 

    ASSESSMENT CRITERION 4 
    The use and role of the standard charts of accounts in the public sector is explained. 

    SPECIFIC OUTCOME 3 
    Apply end of period accounting procedures in the preparation of financial statements. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Appropriate end of period accounting procedures are used to finalise selected financial statements. 

    ASSESSMENT CRITERION 2 
    End of period transactions and events are recognized, measured and recorded in finalizing financial statements in accordance with standards applying to the public sector. 

    ASSESSMENT CRITERION 3 
    Year-end financial statements are reviewed and presented for approval to the appropriate person in the prescribed format. 

    SPECIFIC OUTCOME 4 
    Apply procedures necessary for control over cash transactions and balances. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Sound procedures for recording of cash receipts and payments are applied. 

    ASSESSMENT CRITERION 2 
    Regular reconciliations are prepared. 

    ASSESSMENT CRITERION 3 
    The principles and procedures underlying procedures of petty cash funds in the public sector are identified and explained. 

    ASSESSMENT CRITERION 4 
    Generally recognized internal controls of principles are applied in the handling of cash receipts and payments. 

    SPECIFIC OUTCOME 5 
    Utilise procedures for reporting and recording accounts receivables. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Sound procedures for issuing invoices for services rendered are applied. 

    ASSESSMENT CRITERION 2 
    Account receivable ledgers are maintained and reconciled. 

    ASSESSMENT CRITERION 3 
    An age analysis is prepared to monitor debtor payments effectively. 

    ASSESSMENT CRITERION 4 
    Collections of bad debts and reports related thereto are completed. 

    ASSESSMENT CRITERION 5 
    All legalities pertaining to the handling over of bad debt accounts are adhered to. 

    ASSESSMENT CRITERION 6 
    Discounts and interest calculations are determined for accounts receivable according to agreed payment terms. 

    SPECIFIC OUTCOME 6 
    Utilise procedures for recording and reporting on liabilities in the public sector. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Records of liabilities and their measurements are compiled and reconciled. 

    ASSESSMENT CRITERION 2 
    Interest is calculated on liable amounts 

    ASSESSMENT CRITERION 3 
    Discounts are calculated according to payment terms and conditions 


    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:
  • Accounting techniques
  • Legislation, regulatory frameworks, policies and procedures that apply to accounting in public sector finance and administration
  • Financial statements
  • GAAP 
    		•

    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 manage accounts effectively and according to procedures 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization or community to gather all the necessary accounting information to consolidate into financial statements and reports 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to ensure that accounting reports are completed within given timeframes 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and crtically evaluate information in order to assess any discrepancies 

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

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in ensuring that accounting systems are effectively utilized 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that problem-solving contexts relating to financial decision making do not exist in isolation 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by ensuring that all accounting practices and regulatory requirements are adhered to within the public sector finance and administration 

    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  49554   National Diploma: Public Finance Management and Administration  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  LG SETA 
    Elective  50081   Further Education and Training Certificate: Leadership Development  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  LG SETA 
    Elective  50205   National Certificate: Municipal Integrated Development Planning  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  LG SETA 
    Elective  58395   National Certificate: Project Management  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SERVICES 
    Elective  50060   National Certificate: Public Administration  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  PSETA 
    Elective  57805   National Certificate: Public Sector Employment and Skills Development Practices  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  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 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. A4 Consultancy CC 
    2. Abacwaningi Business Solutions 
    3. Acorser Corporate and Business Consulting Cc 
    4. African Alabaster 
    5. All Sorts 108 Skills Development PTY (Ltd) 
    6. Amabamba Recruitment 
    7. Amandla Obunye Training Academy 
    8. Aubrey Nyiko Business Enterprises 
    9. AVAX SA 481 CC. T/A Mandisa Development Services 
    10. Bephaswana Skills Development (Pty) Ltd 
    11. Bono Skills Development (PTY) Ltd 
    12. Buena Vista Learning Academy 
    13. Centre for Africa Capacity Building and Development (Pty) Ltd 
    14. Christian Campus Bible College 
    15. College of Cape Town TVET 
    16. Concepts of Sustainable Management (CSM) 
    17. Dee's Training (PTY) LTD 
    18. DM Training Consultants 
    19. E-Login Business Institute (Pty) Ltd 
    20. Edequette Training Institute 
    21. Edutel Public Service Company 
    22. Edutraining Business College 
    23. Excellent Minds Institute (Pty) Ltd 
    24. Fachs Business Consulting and Training 
    25. Faranang Marketing 
    26. Fire Protection Association of Southern Africa 
    27. Fort Hare Trading Solutions (Pty) Ltd 
    28. Free State Training and Development Institute 
    29. Furniture World Training Centre 
    30. Genvio (Pty) Ltd 
    31. Giamanje TVET College 
    32. Glicam Trading Enterprise 
    33. Growth Management Consulting 
    34. Hamonate Consulting 
    35. Harvitex cc 
    36. IALE School of Advanced Learning Education 
    37. ICM t/a Institute for Career Management 
    38. Inkqubeko Investment (Pty) Ltd 
    39. IQ Skills Academy (PTY) LTD. 
    40. Jobafrik Consulting 
    41. Jojo Training Institute 
    42. Josmap Training Institute 
    43. KOKANO PROJECTS PTY LTD 
    44. KYM MANAGEMENT CONSULTING 
    45. Le - Mark Training and Development Pty (Ltd) 
    46. Lead Afrika Consulting (Pty) Ltd 
    47. Lewerb Holdings (PTY) Ltd 
    48. Limadi Industrial Projects 
    49. Lusa Social Enterprenueship Institute (PTY)LTD 
    50. Mafamawethu Consultants 
    51. Majuba Technical Vocational Education and Training 
    52. Makoti Skills Development Solutions 
    53. Mamuhle Academy 
    54. MANCOSA Pty (Ltd) 
    55. Maritime Business Institute 
    56. MARS Business Consulting 
    57. Matash Holdings (Pty) Ltd 
    58. MATEPE INVESTMENTS (PTY) LTD 
    59. Morar Incorporated - KZN 
    60. Mortarboard Training Solutions 
    61. Mowils Consultants 
    62. MTK Corporate Solutions 
    63. Nare Training and Development 
    64. Ndwamato Training Solutions (Pty) Ltd 
    65. Nemalale Eagles Consultancy CC 
    66. Neopeo Trading & Projects 
    67. Networx for Career Development 
    68. Nkinane Trading Enterprise 
    69. Nokusho M Consulting and Trading 
    70. NokushoM Consultancy and Trading 
    71. Pachedu Skills Solutions 
    72. Pachi Global Foundation 
    73. Pebetse Training and Consulting 
    74. Petra Institute of Development 
    75. PFIM Trading (Pty) Ltd 
    76. Pholo Human Capital (Pty) Ltd 
    77. PMA Holdings (PTY ) LTD. 
    78. Positive Thinking Consultants cc 
    79. Progressive School of Business and Engineering (Pty) 
    80. Prospen Group (Pty) Ltd 
    81. PTDEV (Pty) Ltd 
    82. Ramazwi Security Service and Training Agency (Pty) Ltd 
    83. Rams Professional Training and Conferencing 
    84. Reflections Development Institute 
    85. Regen Institute of Leadership and Management Education 
    86. Regenesys School of Public Management 
    87. Regent Business School (Pty) Ltd t/a Regent Business School 
    88. Resonance Institue of Learning 
    89. Ritepath HR Solutions 
    90. Saint Colonel Graduate Institute 
    91. Silalele Consulting CC. 
    92. Siletha Consultant 
    93. Siza Nesu Training and Consultants 
    94. South Africa School of Diplomacy, Protocol and Public Administration 
    95. South African Corporate Training Association 
    96. Southern African Institute of Learning 
    97. Step Ahead Academy (Pty) Ltd 
    98. Tachfin Holdings 
    99. Tasc Business Consulting and Training 
    100. Tembe Service Providers 
    101. Thubelihle Graduate Institute (Pty) Ltd 
    102. Tipp Academy 
    103. Tloumogale Business Development & Consulting 
    104. Tonex Management Solutions (Pty) Ltd 
    105. Transafric Consulting Pty Ltd 
    106. Tshepang Consulting & Project 
    107. Tshwane Training Institute (PTY) LTD. 
    108. TWINMARK STRATEGY AND MANAGEMENT CONSULTANTS 
    109. Ukwakhile Projects (PTY) Ltd 
    110. Umqondo Consultancy 
    111. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    112. University of Fort Hare 
    113. University of Pretoria 
    114. University of Venda 
    115. Ursivox Interactive Systems 
    116. Vala Nge Bhetshu Human Capital Development (Pty) Ltd 
    117. Vukauzakhe Traiding Enterprise 
    118. Vumilia Africa Group 
    119. WEINVEST INVESTMENT CC 
    120. Weinvest Investments 


    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.