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 an understanding of basic accounting practices 
SAQA US ID UNIT STANDARD TITLE
13999  Demonstrate an understanding of basic accounting practices 
ORIGINATOR
Interim SGB for Business, Commerce, Mgmnt Studies 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Generic Management 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
ABET Level 4  Regular  Level 1  NQF Level 01 
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 
A candidate credited with this general competence will be able to: demonstrate an understanding of basic accounting skills. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Numeracy ABET Level 3. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Explain the cycle of recording transactions and relevant terminology. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Accounting transactions are explained. 

ASSESSMENT CRITERION 2 
2. Accounting terminology is explained. 
ASSESSMENT CRITERION RANGE 
Assets, Liabilities, Owners Equity, Income, Expenditure, Receipts, Payments, Profits etc.
 

ASSESSMENT CRITERION 3 
3. The cycle of recording transactions is explained and demonstrated. 
ASSESSMENT CRITERION RANGE 
Source documents, subsidiary journals, ledger, trial balance, final accounts
 

SPECIFIC OUTCOME 2 
Explain and demonstrate an understanding of source documents. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The concept source document is explained. 

ASSESSMENT CRITERION 2 
2. Different types of source documents are identified. 
ASSESSMENT CRITERION RANGE 
Receipts, invoices, petty cash vouchers, cheque counterfoils, etc.
 

ASSESSMENT CRITERION 3 
3. The understanding to complete source documents is demonstrated. 
ASSESSMENT CRITERION RANGE 
Receipts, invoices, petty cash vouchers, cheque counterfoils, etc.
 

ASSESSMENT CRITERION 4 
4. The relevance of source documents is analysed. 
ASSESSMENT CRITERION RANGE 
Storage, keeping it in proper sequence, etc.
 

SPECIFIC OUTCOME 3 
Explain the purpose of each subsidiary journal. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The concept subsidiary journal is explained. 

ASSESSMENT CRITERION 2 
2. Types of subsidiary journals are identified and discussed. 
ASSESSMENT CRITERION RANGE 
Cash receipts journal, cash payments journal, petty cash journal, debtors journal, etc.
 

ASSESSMENT CRITERION 3 
3. The use of each subsidiary journal is justified. 
ASSESSMENT CRITERION RANGE 
Cash receipts journal for all receipts, Cash payments journal for all payments, etc.
 

SPECIFIC OUTCOME 4 
Prepare subsidiary journals. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The relationship between source documents and subsidiary journals is expressed. 
ASSESSMENT CRITERION RANGE 
Receipts to cash receipts journal, cheque counterfoils to cash payments journal, petty cash vouchers to petty cash journal, etc.
 

ASSESSMENT CRITERION 2 
2. The correct recording of entries from the source documents into subsidiary journals is demonstrated. 
ASSESSMENT CRITERION RANGE 
Practical exercises - from source documents to subsidiary journals
 

ASSESSMENT CRITERION 3 
3. The understanding of closing the subsidiary journals at the end of each month is demonstrated. 
ASSESSMENT CRITERION RANGE 
Practical exercises - subsidiary journals closed off
 

SPECIFIC OUTCOME 5 
Post subsidiary journals to the general ledger. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The purpose of the general ledger is explained. 

ASSESSMENT CRITERION 2 
2. The sections of the general ledger is explained. 
ASSESSMENT CRITERION RANGE 
Balance sheet section, Nominal Accounts Section, Final accounts section
 

ASSESSMENT CRITERION 3 
3. The understanding of the posting from the subsidiary journal is explained, and demonstrated. 
ASSESSMENT CRITERION RANGE 
Double-entry system, practical exercises: from subsidiary journals to ledger
 

SPECIFIC OUTCOME 6 
Prepare the final statements. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The final statements of business' are identified and explained. 
ASSESSMENT CRITERION RANGE 
Income statements, balance sheet
 

ASSESSMENT CRITERION 2 
2. The purpose of final statements is explained. 
ASSESSMENT CRITERION RANGE 
Calculate profit /loss, etc.
 

ASSESSMENT CRITERION 3 
3. The understanding to complete an income statement from the given information is demonstrated. 
ASSESSMENT CRITERION RANGE 
Practical exercises - from trial balances to income statements
 

ASSESSMENT CRITERION 4 
4. The understanding to complete a balance sheet from the given information is demonstrated. 
ASSESSMENT CRITERION RANGE 
Practical exercises: from trial balances and income statements to balance sheets.
 


UNIT STANDARD DEVELOPMENTAL OUTCOME 
1. Reflecting on and exploring a variety of strategies to learn more effectively;
2. Participating as responsible citizens in the life of local, national and global communities;
3. Being culturally and aesthetically sensitive across a range of social contexts;
4. Exploring education and career opportunities; and
5. Developing entrepreneurial opportunities. 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO IDENTIFYING 
Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made. 

UNIT STANDARD CCFO WORKING 
Work effectively with others as a member of a team, group, organisation and community. 

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

UNIT STANDARD CCFO COLLECTING 
Collect, analyse, organise and critically evaluate information. 

UNIT STANDARD CCFO COMMUNICATING 
Communicate effectively using visual, mathematical and/or language skills in the modes of oral and/or written presentation. 

UNIT STANDARD CCFO SCIENCE 
Use science and technology effectively and critically, showing responsibility towards the environments and health of others. 

UNIT STANDARD CCFO DEMONSTRATING 
Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation. 

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

QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
  ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
Core  24153   General Education and Training Certificate: Adult Basic Education and Training  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 
2008-09-13  Was ETDP SETA until Last Date for Achievement 
Core  61755   General Education and Training Certificate: Business Practice  Level 1  NQF Level 01  Reregistered  2023-06-30  SERVICES 
Core  64909   National Certificate: Small Scale Mining  Level 2  NQF Level 02  Reregistered  2023-06-30  MQA 
Fundamental  22971   General Education and Training Certificate: Conservation  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 
2012-06-30  CATHSSETA 
Fundamental  22190   General Education and Training Certificate: Tourism  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 
2012-06-30  CATHSSETA 
Elective  71751   General Education and Training Certificate: Adult Basic Education and Training  Level 1  NQF Level 01  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 
Elective  73249   General Education and Training Certificate: Adult Basic Education and Training: Academic Curriculum  Level 1  NQF Level 01  Reregistered  2021-06-30  UMALUSI 
Elective  50584   General Education and Training Certificate: Clothing Manufacturing Processes  Level 1  NQF Level 01  Reregistered  2023-06-30  FPMSETA 
Elective  20183   National Certificate: Banking  Level 2  NQF Level 02  Passed the End Date -
Status was "Reregistered" 
2015-06-30  BANKSETA 
Elective  20288   National Certificate: Farming  Level 2  NQF Level 02  Reregistered  2023-06-30  AgriSETA 
Elective  48969   National Certificate: Service Station Operations  Level 2  NQF Level 02  Passed the End Date -
Status was "Reregistered" 
2008-11-26  Was W&RSETA until Last Date for Achievement 


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. AGB Finance 
2. Al-fidaa Foundation 
3. Aldabri 106 (Pty) Ltd 
4. Apparel Component Manufacturers Pty Ltd 
5. Aranda Learnership College (Pty) Ltd 
6. Aranda Textile Mills Pty Ltd 
7. Assured Vocational Skills Institute (Pty) Ltd 
8. Avad Projects (Pty) Ltd 
9. Babina Tlou Trading and Projects cc 
10. Beaches Clothing Cc 
11. Becoz Empire Multi-Choice and Trading Primary Co-operative Limited 
12. Bonenhle Investments 
13. Bosasa Youth Development Centres (Pty) Ltd 
14. Brightness Fashion and Design Academy cc 
15. Cape Town Workbased Learning Academy 
16. Capricorn FET College - Central Office 
17. Capricorn TVET College 
18. CAROLINE'S FASHION ENTERPRISE 
19. Changing Women 
20. Chippa Training Academy (Pty) Ltd 
21. CRG Group (Pty) Ltd 
22. Dieketseng Training Centre 
23. DITEBOGO CONSULTANCY CC 
24. Do It Again Academy (Pty) Ltd 
25. Ebotse Development and Training Centre 
26. Eddels Shoes Pty Ltd 
27. Egsibit Training and Development 
28. Ehlanzeni TVET College 
29. Eldonai School of Fashion (Pty) Ltd 
30. Elimofo Trading& Projects 
31. ES Training Services (Pty) Ltd 
32. Esethu Manufacturing, Packaging, Printing & Design (Pty) Ltd 
33. Eskilz College (Pty) Ltd 
34. Ezandleni-Ezethu Trading (Pty) Ltd 
35. Fezile Fashion Skills Academy (Pty) Ltd 
36. Firstrand Bank - Benmore 
37. Georgia Clothing CC 
38. Glicam Trading Enterprise 
39. Green Enviro & Projects (Pty)Ltd 
40. Gufferty Consulting 
41. HLUVUKA TRAINING AND CONSULTING 
42. Hoseah Training and Manufacturing NPC 
43. I Care Resource Centre 
44. Imbeleko Community Development Projects 
45. Impangela Trading 
46. Impela Trading cc 
47. Injiya Trading and Projects 
48. INTERMASIKO CC 
49. Inyapa Vhusiku Consulting Pty Ltd 
50. Ithemba Lomphakathi Community Organisation 
51. Jeppe College of Commerce and Computer Studies 
52. JESUA CONSULTANTS (Hartenbos) (WA) 
53. Jesua Consultants (Pty) Ltd (MOSSEL BAY) (TP) 
54. Jumpstart Training Institute (Pty) Ltd 
55. Khosi JS Designs (Pty) Ltd 
56. Khwinana Holdings (Pty) Ltd 
57. Kudis Designs and Supply 
58. KWEM Management Solutions 
59. Letaba TVET College 
60. LFS DESIGNS 
61. Lilunzo Creations 
62. LLSM (Pty) Ltd 
63. Longata Consultant 
64. Lucky Neo (Pty) Ltd 
65. Lusama Developmental Agency Projects 
66. Majuba TVET College 
67. Makhendama Legacy (Pty) Ltd 
68. Malkai Devrani Holding (PTY) Ltd 
69. MARKET DEMAND TRADING 597 PTY LTD 
70. Master Patterns by Rona 
71. Matatiele Fashion Design Academy (Pty) Ltd 
72. MATHOSIM TRIMMING AND UPHOLSTERY 
73. Melenial Media (Pty) Ltd 
74. MFISA 
75. MICROMATICA 384 (PTY) LTD 
76. MMBG Trading & Consulting 
77. Motheo FET College - Central Office 
78. Nchuncheko Holdings (Pty) Ltd 
79. NDIMASE TRADING 
80. Nedbank Ltd 
81. NELLY-SGUEEJE TRADING 
82. New Business Initiative Management Consultancy 
83. Ngaphakathi Investments 
84. Nguni Shades SA School of Fashion 
85. NSJ Agricultural Farming And Multipurpose 
86. OTP 
87. Oyama Kulwazi Training & Consulting (Pty) Ltd 
88. P&R Development and Training (Pty) Ltd 
89. Phala Projects cc 
90. Pinus Tech Technologies Trading and Projects 
91. Positive Thinking Consultants CC 
92. Qualfurn Training & Projects 
93. Rally Business Consulting PTY LTD 
94. Re Tshepeng Holdings 
95. REFSET BUSINESS ENTERPRISES 
96. RUBICON COMMUNICATIONS 
97. Safe Heavens Properties (Pty) Ltd 
98. Sarva Dharma Ashram 
99. Sefudi Business Solutions 
100. Sekhukhune FET College - Central Office 
101. Sesamkelokuhle Trading Enterprise (Pty) Ltd 
102. Sew Africa Training Centre 
103. SEWAFRICA Marketing (Pty) Ltd 
104. SHEET PLASTIC MARKETING CC 
105. Sheet Plastic Pty Ltd 
106. Siyahumelela Training Academy 
107. South Africa Advanced Skills Institute (Pty) Ltd 
108. South African Advanced Skills Institute 
109. Spilamart cc T/A 1st Safety & Training (SABIE) (TP) 
110. Striving Mind Trading & Projects 
111. SW Skills Wise (Pty) Ltd 
112. T Mdlatu Trading Enterprise cc 
113. Talent for Sewing 
114. ThabileTrade 1054 cc 
115. THANDEKA VOCATIONAL EDUCATION TRUST (PTY) LTD 
116. The Brokers Learning Centre (Pty) Ltd 
117. The Institute of Fashion and Garment Technology (Pty) Ltd 
118. The Tailor Shop School of Tailoring and Dress Design Training Centre (Pty) Ltd 
119. Thitha Training and Development Services 
120. Tidlobi Developmental Activities NPC 
121. Tiro Training & Skill Centre (Pty) Ltd 
122. Tlhole Foundation (PTY) LTD 
123. TOBAKA LOGISTICS 
124. True Ruby Trading 1021 cc 
125. Tshwane North College 
126. Tsiku Consulting (Pty) Ltd 
127. Ubuhle Bengcebo 
128. Umbuso Training Services 
129. Umfolozi TVET College (Richards Bay) 
130. Uphiwekonke Holdings (Pty) Ltd 
131. Valoworx 278 
132. Value at Hand (Pty) Ltd 
133. VEB CELE & Associates (Pty) Ltd 
134. Vhembe TVET College 
135. VPK BUSINESS VENTURE C C 
136. Western Cape Clothing and Textiles Service Centre 
137. World Pace Development & Training Institute (Pty) Ltd 
138. ZA GEAR 



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.