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: 

Provide costing information on the management of accounting information systems 
SAQA US ID UNIT STANDARD TITLE
13069  Provide costing information on the management of accounting information systems 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  10 
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 
People credited with this unit standard are able to interpret the information of data base contents, and explain and evaluate the different types of costing systems and the concept of the allocation of costs in order to manage accounting information systems. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
  • Unit standard, Supply costing information for management control, NQF level 5
  • Unit standards for computer literacy at NQF level 4. 

  • UNIT STANDARD RANGE 
    Types of costing systems and allocation of costs 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Interpret financial and non-financial information of database contents. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Financial and non-financial data for database purposes are presented in line with the principles of costing. 

    ASSESSMENT CRITERION 2 
    2. Financial and non-financial data for decision making purposes are interpreted in line with the principles of costing. 

    SPECIFIC OUTCOME 2 
    Determine and evaluate the different types of costing systems. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The distinction between job costing systems, process costing systems and hybrid systems is made in accordance with the costing definitions. 

    ASSESSMENT CRITERION 2 
    2. The transactions of a job costing system are recorded and evaluated in line with the principles of costing. 

    ASSESSMENT CRITERION 3 
    3. The value of work-in-progress, completed production and abnormal loss are calculated using a variety of accepted costing methods. 
    ASSESSMENT CRITERION RANGE 
    Including the weighted average and FIFO methods
     

    ASSESSMENT CRITERION 4 
    4. The transactions of a process costing system are recorded according to costing procedures. 

    SPECIFIC OUTCOME 3 
    Explain and evaluate the concept of the allocation of costs. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The cost of a product is estimated by allocating both the prime and overhead costs to the product. 

    ASSESSMENT CRITERION 2 
    2. The various costs which should be assigned to inventory are identified according to the costing principles. 
    ASSESSMENT CRITERION RANGE 
    Material, Labour, Overhead costs
     

    ASSESSMENT CRITERION 3 
    3. The value of the stages of completed inventory are calculated using standard costing methods. 

    ASSESSMENT CRITERION 4 
    4. The distinction between joint and by-products is made according to the accepted costing definitions. 

    ASSESSMENT CRITERION 5 
    5. The joint costs to be assigned to objects are identified and calculated based on physical measures, sales value at split-off point, final sales value and expected net realisable value. 

    ASSESSMENT CRITERION 6 
    6. The decision whether to further process a product or sell at a certain stage is recommended in line with the principles of costing. 

    ASSESSMENT CRITERION 7 
    7. The two methods for the accounting of by-products are used and compared according to accepted costing practice. 

    ASSESSMENT CRITERION 8 
    8. The cost of scrap, waste and rejects is identified and accounted for and appropriate bases to be used to assign the costs thereof to cost objects are advised on in line with the principles of costing. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor

    Moderation activity comments by SGB's, organisations and individuals may be forwarded to NSB03 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    A demonstrated understanding of:
  • Management Accounting Information systems including: data base contents, costing systems, allocation of costs

    Legal Requirements
  • Generally accepted accounting practice
  • Relevant financial legislation

    Terminology
  • FIFO - First In First Out 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Solve problems 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team/group 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematics and language skills in the modes of oral and written presentations 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively 

    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
    Elective  36213   National Diploma: Technical Financial Accounting  Level 5  NQF Level 05  Reregistered  2023-06-30  FASSET 


    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.
     
    NONE 



    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.