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: 

Demonstrate understanding of financial and accounting principles for public entities 
SAQA US ID UNIT STANDARD TITLE
120360  Demonstrate understanding of financial and accounting principles for public entities 
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  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 
Board members as well as officials of public entities need to be informed with regard to the relevant financial, legislative and corporate governance issues relating to these entities, to ensure effective financial decision making.

The purpose of the learning is to provide competencies (knowledge, skills and values) to board members and officials of public entities in terms of legislative requirements, financial and accounting principles, good corporate governance and managerial decision-making. Qualifying learners are able to contribute towards increasing the effectiveness of board members and service delivery of public entities in general. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that learners are competent in:
  • Communication at Level 4.
  • Accounting at Level 4. 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Interpret the appropriate legislative requirements applicable to the governing of public entities. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Public Finance Management Act and Treasury requirements are selected are relevant to a particular entity. 

    ASSESSMENT CRITERION 2 
    The requirements are applied to a selected entity to determine the level of conformity. 

    ASSESSMENT CRITERION 3 
    Decisions and recommendations are made to increase the level of compliance/conformity of the entity with the relevant regulatory and statutory requirements. 

    SPECIFIC OUTCOME 2 
    Apply good corporate governance principles in public entities. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A comparison is made between international and national trends in corporate governance highlighting important differences and similarities. 

    ASSESSMENT CRITERION 2 
    National developments are applied to the management of a public sector entity. 

    ASSESSMENT CRITERION 3 
    The way in which the application of corporate governance requirements facilitates responsible and ethical behaviour is described using examples from specific entities. 

    SPECIFIC OUTCOME 3 
    Obtain knowledge on the financial and accounting principles necessary to evaluate financial and accounting issues of the specific public entity. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The basic accounting principles, required by public entities are used to comment on financial statements. 

    ASSESSMENT CRITERION 2 
    The accounting cycle is described with special emphasis on the implementation of accounting controls during the cycle. 

    ASSESSMENT CRITERION 3 
    Budgets and management plans are evaluated using essential criteria. 

    ASSESSMENT CRITERION 4 
    The evaluation of the budget and management plans are communicated to stakeholders in appropriate written format. 

    SPECIFIC OUTCOME 4 
    Examine the critical performance indicators and analyse and interpret the public entity's financial statements and reports using critical performance indicators. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Changing circumstances within the public entity are reacted to responsibly and creatively using the above. 

    ASSESSMENT CRITERION 2 
    Plans to improve management accounting situations in the public entity and community environments are proposed. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Council on Higher Education will be the assessors of this standard. Lecturers will conduct the internal and external moderation.
  • External moderators will be selected from practitioners in the sector. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Legislative requirements referring to the Public Finance Management Act and the Treasury regulations.
  • Corporate governance as required in the South African Public Entity context with specific reference to principles and Audit Committees.
  • Financial and accounting principles in terms of Generally Accepted Accounting Principles and other relevant guidelines referring to financial planning, management and control.
  • Managerial decision making based on critical analysis and interpretation of financial statements and reports. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Recognise and solve problems relating to their operational level, creatively to maximise productivity responsibly. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with other members of a board and organisation and contribute to the group output fields as demonstrated during group sessions and practical work. 

    UNIT STANDARD CCFO ORGANISING 
    Develop the necessary competencies to manage and organise their own activities and responsibilities effectively. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and evaluate operational information at the appropriate level. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using language skills in a written medium. 

    UNIT STANDARD CCFO DEMONSTRATING 
  • Show responsibility towards others and the environment by demonstrating willingness to comply with applicable legislation.
  • Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation. 

  • UNIT STANDARD CCFO CONTRIBUTING 
  • Participate as responsible citizens in the life of local, national and global communities.
  • Be culturally sensitive across a range of social contexts. 

  • 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  64670   National Certificate: Public Financial Oversight and Accountability  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  PSETA 
    Elective  57824   Further Education and Training Certificate: Public Administration  Level 4  NQF Level 04  Reregistered  2023-06-30  PSETA 
    Elective  50205   National Certificate: Municipal Integrated Development Planning  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  LG SETA 
    Elective  50060   National Certificate: Public Administration  Level 5  Level TBA: Pre-2009 was L5  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. ABA Sebenzi 
    2. Africa Institute For Public Administration 
    3. Amabamba Recruitment 
    4. AURECON TRAINING ACADEMY 
    5. AVAX SA 481 CC. T/A Mandisa Development Services 
    6. Bantubanye Skills 
    7. Baobab Consulting and Training 
    8. Boikgantsho Consulting & Events 
    9. Break The Chains Development Services 
    10. Classic Human Capital Solutions 
    11. CTC College(PTY) LTD. 
    12. Development Bank of Southern Africa (DBSA) 
    13. Dimension Development Network 
    14. Ditirelo Skills Development Services 
    15. Edutraining Business College 
    16. Elective Training Institute Enterprise CC 
    17. Eskilz College (Pty) Ltd 
    18. Ethekwini Corporate and Human Resources Skills Development Unit 
    19. Express Model 405 
    20. Glere Skills and Consultants 
    21. GOBELA CONSULTING 
    22. Growth Management Consulting 
    23. Gudlhuza Development Solutions cc 
    24. Hlombe and Associates 
    25. IMITHENTE DEVELOPMENT HOLDINGS 
    26. Institute for Local Government and Housing 
    27. IQ Skills Academy (PTY) LTD. 
    28. Jobafrik Consulting 
    29. Josmap Training Institute 
    30. Kamanga Skills Projects 
    31. Kgolo Institute 
    32. Kgotla Trading Enterprise 
    33. Khosithi Training 
    34. Khula Nonke Training & Development 
    35. Kia Chuma 
    36. Leronsa Trading Enterprise 
    37. Letlhokoa Management Services CC 
    38. Lewerb Holdings (PTY) Ltd 
    39. Management College of Southern Africa (MANCOSA) 
    40. Masemase Consultancy CC. 
    41. Mgwezane Training and Events Management CC. 
    42. Miczo's Enterprise 
    43. Mimoisa Business Solutions CC 
    44. Mission Point Consulting 
    45. MJ Mafunisa Consulting (PTY) LTD 
    46. Mmalethabo Consulting 
    47. MML Consulting CC. 
    48. Mod-Mosh Projects and Consulting (PTY) LTD 
    49. Mosako Wa Kitso 
    50. Multiple Productive Management Solutions 
    51. Ndrendre Building & General Services 
    52. Nemalale Eagles Consultancy CC 
    53. Nghano Training and Development Centre 
    54. Nhlahle Development Agency 
    55. NJ & L Trading Enterprise CC. 
    56. NS Global Academy 
    57. Outeniqua Leadership Institute 
    58. PanAfrican Supply Chain Academy 
    59. Pebetse Training and Consulting 
    60. PMA Holdings (PTY ) LTD. 
    61. Powernexus 
    62. PTDEV (Pty) Ltd 
    63. Regent Business School (Pty) Ltd t/a Regent Business School 
    64. SAZM TRADING AND PROJECTS PTY LTD 
    65. SEVEN ARROWS PROTECTION ALLIANCE CC 
    66. Solstice Networks CC. 
    67. SWARANANG MANAGEMENT CONSULTING CC 
    68. Talent Emporium Academy (PTY) Ltd 
    69. Tembe Service Providers 
    70. Thuto Lere Community Empowerment Programme 
    71. Thuto-Boswa Education and Training Solution 
    72. Tlaletso Consultants 
    73. Tsebo Kitso Trainings 
    74. Tsebong Training Centre 
    75. Tshelopele Development Institution 
    76. TTTC 
    77. Twin Peak Technologies 
    78. Umqondo Consultancy 
    79. Umsenge SDCS 
    80. University of Venda 
    81. Vantage Training 
    82. 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.