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:

Prepare and analyse municipal financial reports

SAQA US ID	UNIT STANDARD TITLE
116363	Prepare and analyse municipal financial reports
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 6	Level TBA: Pre-2009 was L6	12
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
2026-06-30		2029-06-30

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

This Unit Standard is for all people involved in Financial Management in a municipality. People credited with this Unit Standard are able to:

Select, measure, recognise, classify, and report on financial information after taking into account relevant financial reporting standards, as well as legislative requirements.

Contribute to municipal financial reporting.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

It is assumed that the Learners are competent in:

Communication at NQF Level 4

Mathematical Literacy at Level 4.

Accountancy at Level 4.

UNIT STANDARD RANGE

N/A

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Select measure, record, classify and report financial data in accordance with current financial reporting standards.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

The background and purpose of a financial reporting standard is commented on in line with the principles of municipal financial reporting.

ASSESSMENT CRITERION 2

The components of the statement of financial position are defined, measured, classified and disclosed in accordance with acceptable local and international public sector accounting standards.

ASSESSMENT CRITERION 3

The components of the statement of financial performance are defined, measured, classified, and disclosed in accordance with internationally accepted publics sector accounting procedures.

ASSESSMENT CRITERION 4

The concepts of the different types of capital maintenance are applied in line with generally recognised accounting practice.

SPECIFIC OUTCOME 2

Prepare and comment on financial reports for different forms of municipal entities.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

Consequential differences in the reporting of equity of municipal entities is recognised in the preparation of consolidated financial statements.

SPECIFIC OUTCOME 3

Apply and comment on statements of generally recognised accounting practice.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

The concepts of the different types of capital maintenance are applied in line with international public sector accounting standards.

ASSESSMENT CRITERION 2

The appropriate method of current value accounting is used in preparation and presentation of supplementary financial statements in line with international public sector accounting standards.

SPECIFIC OUTCOME 4

Analyse and interpret financial statements for stakeholders.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

Ratios relevant to the determination of liquidity, profitability, activity and long-term solvency are calculated and advised on from a set of financial statement.

ASSESSMENT CRITERION 2

Different users of municipal financial statements are identified and their information needs presented and explained to inform financial reporting system.

ASSESSMENT CRITERION 3

Limitations of published financial information are recognised with reference to improving operating capability of a municipality.

ASSESSMENT CRITERION 4

Results of an analysis of profitability and solvency risks are interpreted in the assessment of financial health of a municipality.

ASSESSMENT CRITERION 5

Multivariate financial analysis are carried out and communicated to appropriate users of municipal financial statements.

ASSESSMENT CRITERION 6

Ratios relevant to the determination of liquidity, profitability, activity and long-term solvency are calculated and advised on from a set of financial statement.

ASSESSMENT CRITERION 7

The financial performance report is prepared to enable an analysis of the overall financial state of a municipality within the framework of financial reporting.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

An 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.

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.

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.

Moderation of assessment will be conducted by the relevant ETQA at its discretion.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

Nature of accounting data

Objectives of financial reporting

Different bases of measurement

International public sector accounting standards

National Treasury regulations

Municipal finance management legislation

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, e.g. by implement effective risk management and accounting practices.

UNIT STANDARD CCFO WORKING

Work effectively with others as a member of a team, group, organisation or community, e.g. through assuring that al roles players are committed to meeting the required reporting standards.

UNIT STANDARD CCFO ORGANISING

Organise and manage oneself and one's activities responsibly and effectively, e.g. through the demonstration of ethical and moral principles in all reporting processes.

UNIT STANDARD CCFO COLLECTING

Collect, analyse, organise and critically evaluate information, e.g. through assuring accuracy in all reporting documents.

UNIT STANDARD CCFO COMMUNICATING

Communicate effectively using visual, mathematical and / or language skills in the modes of oral and/or written persuasion, e.g. through contributing to discussions on ways of minimizing risks and improving financial reporting procedures.

UNIT STANDARD CCFO SCIENCE

Use Science and technology effectively and critically, showing responsibility to the environment and health of others, e.g. use appropriate computer software for mathematical computation, planning, data capturing and document storage purposes.

UNIT STANDARD CCFO DEMONSTRATING

Demonstrate an understanding of the world as a set of interrelated systems by recognising that problem-solving contexts do not exist in isolation, e.g. in keeping in mind that best practice financial reporting effects the financial sustainability of not only the municipality but the country as a whole.

UNIT STANDARD CCFO CONTRIBUTING

Participating as responsible citizens in the life of local, national and global communities, e.g. acting as custodian of ethical behaviour and maintaining a high level of commitment to providing effective reporting procedures.

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	48965	Certificate: Municipal Financial Management	Level 6	Level TBA: Pre-2009 was L6	Passed the End Date - Status was "Reregistered"	2023-06-30	LG SETA
Elective	67467	National Certificate: Municipal Governance	Level 5	NQF Level 05	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual

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.

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8.	Elvis Koena Consulting (Pty) Ltd
9.	Excellent Minds Institute (Pty) Ltd
10.	Giamanje TVET College
11.	Growth Management Consulting
12.	Hamonate Consulting
13.	HDPSA
14.	IQ Skills Academy (PTY) LTD.
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16.	Jobafrik Consulting
17.	Josmap Training Institute
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25.	Maritime Business Institute
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46.	Regent Business School (Pty) Ltd t/a Regent Business School
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48.	Sebenzisanane Human Capital
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52.	Stellenbosch University
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54.	Tasc Business Consulting and Training
55.	Thinking Mind Trading
56.	Tloumogale Business Development & Consulting
57.	Transafric Consulting Pty Ltd
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62.	UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD
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