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  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. African Dream Campus 
2. Aranda Learnership College (Pty) Ltd 
3. Aranda Textile Mills Pty Ltd 
4. Assured Vocational Skills Institute (Pty) Ltd 
5. Babina Tlou Trading and Projects cc 
6. Better beginning trading and projects pty ltd 
7. Bosasa Youth Development Centres (Pty) Ltd 
8. Capricorn FET College - Central Office 
9. Capricorn TVET College 
10. CAROLINE'S FASHION ENTERPRISE 
11. Cre8tion Projects 6 PTY LTD 
12. DITEBOGO CONSULTANCY CC 
13. Ebotse Development and Training Centre 
14. Eddels Shoes Pty Ltd 
15. Ehlanzeni TVET College 
16. Elimofo Trading& Projects 
17. FALSE BAY TECHNICAL VOCATIONAL EDUCATION & TRAINING COLLEGE 
18. Glicam Trading Enterprise 
19. Gufferty Consulting 
20. HLUVUKA TRAINING AND CONSULTING 
21. Hoseah Training and Manufacturing NPC 
22. Hot To Go Training College and Services 
23. HYGRO TRAINING COLLEGE (Pty) LTD 
24. I Care Resource Centre 
25. Ideal Method Trading & Projects 
26. Intsukaze Training Center 
27. Inyapa Vhusiku Consulting Pty Ltd 
28. Jeppe College of Commerce and Computer Studies 
29. JESUA CONSULTANTS (Hartenbos) (WA) 
30. Jesua Consultants (Pty) Ltd (MOSSEL BAY) (TP) 
31. Khwinana Holdings (Pty) Ltd 
32. KINGSBURY INTERNATIONAL COLLEGE SA (PTY) LTD (Middelburg)(TP) 
33. KINGSBURY INTERNATIONAL COLLEGE SA PTY LTD 
34. Kudis Designs and Supply 
35. KWEM Management Solutions 
36. Leronsa Trading Enterprise 
37. Letaba TVET College 
38. Longata Consultant 
39. Lukhele Training and Development Solutions (Pty) Ltd 
40. Malkai Devrani Holding (PTY) Ltd 
41. Mananthatshema Skills Dev. Centre 
42. Mandys Sewing School (PTY) Ltd 
43. MARKET DEMAND TRADING 597 PTY LTD 
44. Master Patterns by Rona 
45. Mbimbini Training and Community Development 
46. MFISA 
47. Motheo FET College - Central Office 
48. NDIMASE TRADING 
49. Nedbank Ltd 
50. NELLY-SGUEEJE TRADING 
51. New Business Initiative Management Consultancy 
52. Ngaphakathi Investments 
53. NORTHLINK COLLEGE 
54. Positive Thinking Consultants CC 
55. Professional Development and Training Institute (Pty) Ltd 
56. Rally Business Consulting PTY LTD 
57. Roll On Labels Pty Ltd 
58. RUBICON COMMUNICATIONS 
59. Sarva Dharma Ashram 
60. Sefudi Business Solutions 
61. Sekhukhune FET College - Central Office 
62. SEOPOSENGOE TRAINING CONSULTANCY CC 
63. Setlakala Business Development 
64. Sew Africa Training Centre 
65. SHEET PLASTIC MARKETING CC 
66. Sheet Plastic Pty Ltd 
67. Siyasanga Training Centre 
68. Skills for All (POTCHEFSTROOM) (TP) 
69. South Africa Advanced Skills Institute (Pty) Ltd 
70. South African Advanced Skills Institute 
71. Spilamart cc T/A 1st Safety & Training (SABIE) (TP) 
72. Striving Mind Trading & Projects 
73. SW Skills Wise (Pty) Ltd 
74. Tembe Service Providers 
75. THANDEKA VOCATIONAL EDUCATIONAL TRUST (PTY) LTD 
76. The Brokers Learning Centre (Pty) Ltd 
77. The Tailor Shop School of Tailoring and Dress Design Training Centre (Pty) Ltd 
78. TOBAKA LOGISTICS 
79. Trade Call Investments Apparel (Pty) LTD 
80. True Ruby Trading 1021 cc 
81. Tshwane North College 
82. Tsiku Consulting (Pty) Ltd 
83. Umbuso Training Services 
84. Umgungundlovu FET College - Central Office 
85. Uphiwekonke Holdings (Pty) Ltd 
86. VEB CELE & Associates (Pty) Ltd 
87. Vijay Bhagwan Consultancy and Solutions cc 
88. VPK BUSINESS VENTURE C C 
89. Western Cape Clothing and Textiles Service Centre 
90. XPERTS BODY ARMOUR PTY LTD 



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.