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: 

Apply accounting principles and procedures in the preparation of reports and decision making 
SAQA US ID UNIT STANDARD TITLE
119350  Apply accounting principles and procedures in the preparation of reports and decision making 
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  15 
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 
Learners working towards this standard will be working within a Public Sector environment, specialising in Public Finance Management and Administration, where the acquisition of competence against this standard will add value to one's job. This standard will also add value to public officials who are seeking to develop a career pathway towards becoming an accomplished public finance management and administration specialist.

The qualifying learner is capable of:
  • Demonstrating an understanding of accounting principles and reporting requirements and nature of functions in the public sector
  • Using accounting techniques and approaches to process financial information
  • Applying end of period accounting procedures in the preparation of financial statements
  • Applying procedures necessary for control over cash transactions and balances
  • Utilising procedures for reporting and recording accounts receivables
  • Utilising procedures for recording and reporting on liabilities in the public sector 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this Unit Standard must be in possession of a Further Education and Training Certificate or equivalent qualification 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate an understanding of accounting principles and reporting requirements and nature of functions in public sector. 
    OUTCOME RANGE 
    Accounting principles include but are not limited to matching, consistency, prudence, substance over form, conservatism, going concern and fair presentation, GRAP 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The public sector accounting environment is explained in the context of the public sector. 

    ASSESSMENT CRITERION 2 
    The nature of accounting principles, concepts and organisations influencing the development of accounting practice for the public sector are explained. 

    ASSESSMENT CRITERION 3 
    Appropriate accounting systems and procedures are derived and implemented in the public sector environment. 

    ASSESSMENT CRITERION 4 
    Treasury guidelines relating to accounting are explained. 

    ASSESSMENT CRITERION 5 
    Understand the importance of maintaining accounting records that are updated timely. 

    ASSESSMENT CRITERION 6 
    Understand the different financial reports to support management and decision-making in the public sector. 

    ASSESSMENT CRITERION 7 
    Understand the difference between the cash and accrual basis of accounting. 

    SPECIFIC OUTCOME 2 
    Use accounting techniques and approaches to process financial information. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The different accounting records that are necessary to process financial information are prepared. These include the general ledger, cash books, fixed asset registers and stores ledgers. 

    ASSESSMENT CRITERION 2 
    Regular reports on the financial position, financial performance and cash-flow are prepared in-year and analysed. 
    ASSESSMENT CRITERION RANGE 
    Range statement Includes but not limited to all requirements to prepare in-year reports and to analyse and interpret financial trends and ratios.
     

    ASSESSMENT CRITERION 3 
    Present information to decision-makers on the performance against the budget. 

    ASSESSMENT CRITERION 4 
    The use and role of the standard charts of accounts in the public sector is explained. 

    SPECIFIC OUTCOME 3 
    Apply end of period accounting procedures in the preparation of financial statements. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Appropriate end of period accounting procedures are used to finalise selected financial statements. 

    ASSESSMENT CRITERION 2 
    End of period transactions and events are recognized, measured and recorded in finalizing financial statements in accordance with standards applying to the public sector. 

    ASSESSMENT CRITERION 3 
    Year-end financial statements are reviewed and presented for approval to the appropriate person in the prescribed format. 

    SPECIFIC OUTCOME 4 
    Apply procedures necessary for control over cash transactions and balances. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Sound procedures for recording of cash receipts and payments are applied. 

    ASSESSMENT CRITERION 2 
    Regular reconciliations are prepared. 

    ASSESSMENT CRITERION 3 
    The principles and procedures underlying procedures of petty cash funds in the public sector are identified and explained. 

    ASSESSMENT CRITERION 4 
    Generally recognized internal controls of principles are applied in the handling of cash receipts and payments. 

    SPECIFIC OUTCOME 5 
    Utilise procedures for reporting and recording accounts receivables. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Sound procedures for issuing invoices for services rendered are applied. 

    ASSESSMENT CRITERION 2 
    Account receivable ledgers are maintained and reconciled. 

    ASSESSMENT CRITERION 3 
    An age analysis is prepared to monitor debtor payments effectively. 

    ASSESSMENT CRITERION 4 
    Collections of bad debts and reports related thereto are completed. 

    ASSESSMENT CRITERION 5 
    All legalities pertaining to the handling over of bad debt accounts are adhered to. 

    ASSESSMENT CRITERION 6 
    Discounts and interest calculations are determined for accounts receivable according to agreed payment terms. 

    SPECIFIC OUTCOME 6 
    Utilise procedures for recording and reporting on liabilities in the public sector. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Records of liabilities and their measurements are compiled and reconciled. 

    ASSESSMENT CRITERION 2 
    Interest is calculated on liable amounts 

    ASSESSMENT CRITERION 3 
    Discounts are calculated according to payment terms and conditions 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. Any 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.
    2. 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.
    3. 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.
    4. Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The learner must demonstrate an understanding of:
  • Accounting techniques
  • Legislation, regulatory frameworks, policies and procedures that apply to accounting in public sector finance and administration
  • Financial statements
  • GAAP 

  • 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 to manage accounts effectively and according to procedures 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization or community to gather all the necessary accounting information to consolidate into financial statements and reports 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to ensure that accounting reports are completed within given timeframes 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and crtically evaluate information in order to assess any discrepancies 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to gather and disseminate accounting/financial information 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in ensuring that accounting systems are effectively utilized 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that problem-solving contexts relating to financial decision making do not exist in isolation 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by ensuring that all accounting practices and regulatory requirements are adhered to within the public sector finance and administration 

    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  49554   National Diploma: Public Finance Management and Administration  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered" 
    2020-07-30  LG SETA 
    Elective  50081   Further Education and Training Certificate: Leadership Development  Level 4  NQF Level 04  Reregistered  2023-06-30  LG SETA 
    Elective  50205   National Certificate: Municipal Integrated Development Planning  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  LG SETA 
    Elective  58395   National Certificate: Project Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  SERVICES 
    Elective  50060   National Certificate: Public Administration  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  PSETA 
    Elective  57805   National Certificate: Public Sector Employment and Skills Development Practices  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. A4 Consultancy CC 
    2. ABA Sebenzi 
    3. Acrodia Investments 
    4. AfroXpert Performance Developement cc 
    5. Akhona Skills Fountain and Trading 
    6. Akili Training 
    7. All Access Holdings 
    8. Amabamba Recruitment 
    9. Amadube Investments CC 
    10. Amaqamu Project Management &Consulting 
    11. Ashley Maloka Consulting 
    12. Asiphokuhle Training and Research Institute 
    13. AUBREY NYIKO BUSINESS ENTERPRISES 
    14. AVAX SA 481 CC. T/A Mandisa Development Services 
    15. Bantubanye Skills 
    16. Bavuse Trading Enterprises cc 
    17. Better Best Skills Development 
    18. BF QUALITY SOLUTIONS (PTY) LTD 
    19. Blue Poplar 
    20. Boland College Head Office 
    21. Break The Chains Development Services 
    22. Buena Vista Learning Academy 
    23. BW Khuzwayo Consulting CC 
    24. Capricorn FET College - Polokwane Campus 
    25. CHAMELEON PERFORMANCE IMPROVERS CC 
    26. Change Strategies Consulting Services CC 
    27. Chuma Development Consultants 
    28. Classic Human Capital Solutions 
    29. Continuing Education Programme 
    30. Crimsonblu (PTY) LTD 
    31. CTC College(PTY) LTD. 
    32. Dean Institute Of Learning (Pty) Ltd 
    33. Development Bank of Southern Africa (DBSA) 
    34. DITEBOGO CONSULTANCY CC 
    35. Ditirelo Skills Development Services 
    36. E-Login Business Institute (Pty) Ltd 
    37. Edequette Training Institute 
    38. Edutel Public Service Company 
    39. Edutraining Business College 
    40. Elangeni College for FET - Inanda Campus 
    41. Elective Training Institute Enterprise CC 
    42. Eskilz College (Pty) Ltd 
    43. Ethekwini Corporate and Human Resources Skills Development Unit 
    44. Execuprime Business College (Pty) Ltd 
    45. Express Model 405 
    46. Extribyte (Pty) Ltd 
    47. Fire Protection Association of Southern Africa 
    48. Free State Training and Development Institute 
    49. FRN Holdings 
    50. Frugatrax Consultants 
    51. GATYANA TRAINING ACADEMY 
    52. Glere Skills and Consultants 
    53. Globalwise Training & Consulting (PTY) Ltd. 
    54. Goitsikitso Enterprise Trading 
    55. Goldfields FET College - Tosa Campus 
    56. Growth Management Consulting 
    57. Gudlhuza Development Solutions cc 
    58. Hadima Training Academy 
    59. Hamonate Consulting 
    60. Harvitex cc 
    61. HS GLOBAL SKILLS BUSINESS SOLUTIONS 
    62. Ikhaya Training and Consulting 
    63. Ilinge Labantu Debt Solution 
    64. Inafrica General Trading Pty LTD 
    65. Institute of Health and Social Care Studies 
    66. IQ Skills Academy (PTY) LTD. 
    67. Isipho Equiping (Pty) Ltd 
    68. Jeppe College of Commerce and Computer Studies 
    69. Jobafrik Consulting 
    70. K Shabangu FET College 
    71. KAGISHO BUSINESS CONCEPTS (Pty) LTD 
    72. KALIDEEN MANAGEMENT SERVICES 
    73. Kamanga Skills Projects 
    74. Karabo Ya Karabo 
    75. Kelsey Events and Business Consulting 
    76. Kernel Management and Consulting (PTY) LTD. 
    77. Kgolo Institute 
    78. Khabolwazi Pty LTD 
    79. Khoali Education, Training and development consultants 
    80. KHOSITHI TRAINING 
    81. Kia Chuma 
    82. KMS COLLEGE 
    83. KOKANO PROJECTS PTY LTD 
    84. KYM MANAGEMENT CONSULTING 
    85. Lagnita Skills Solutions 
    86. LEMARK TRAINING & DEVELOPMENT 
    87. Lephalale FET College - Modimolle Campus 
    88. Letlhogela Business Consulting Pty Ltd 
    89. Letlotlo La Gae (Pty) Ltd 
    90. Lewerb Holdings (PTY) Ltd 
    91. Mabuya Amahle Trading 
    92. Makavila Suppliers CC. 
    93. Makhophila Business Enterprise 
    94. Management College of Southern Africa (MANCOSA) 
    95. Mangalani Business Enterprises 
    96. Maono Tai Consulting and Training 
    97. Maqhawe College 
    98. Marcado Human Resources Strategies 
    99. Masemase Consultancy CC. 
    100. Mashphe Logistics Services 
    101. Mass Computer Training And Printers 
    102. MATEPE INVESTMENTS (PTY) LTD 
    103. Mgwezane Training and Events Management CC. 
    104. Miczo's Enterprise 
    105. Mission Point Consulting 
    106. Mmalethabo Consulting 
    107. Morena Empire Investment 
    108. Mortarboard Training Solutions 
    109. Motheo FET College - Bloemfontein Campus 
    110. Motheo Skills Entity 
    111. Mowils Consultants 
    112. MTHENGENYA & ASSOCIATES 
    113. Murusu Mining Resources 
    114. Ndrendre Building & General Services 
    115. Nemalale Eagles Consultancy CC 
    116. Networx for Career Development 
    117. Nhlahle Development Agency 
    118. NJ & L Trading Enterprise CC. 
    119. NOMAKU TRADERS CC 
    120. NORKEM LEADERSHIP DEVELOPMENT INSTITUTE (PTY) LTD 
    121. NS Global Academy 
    122. Outeniqua Leadership Institute 
    123. Pachedu Skills Solutions 
    124. Pachi Global Foundation 
    125. Paseka Business Enterprise 
    126. Pioneer Business Consulting 
    127. Power Rush Trading 170 CC. 
    128. Pro-Active Public Services College (Pty) Ltd 
    129. PTDEV (Pty) Ltd 
    130. Pudi's Educational Services And Youth Development 
    131. Qabuka-Vuka Development Trading 
    132. Quick Leap Investment 
    133. RAMAZWI SECURITY SERVICES CC 
    134. Reflections Development Institute 
    135. Regen Institute of Leadership and Management Education 
    136. Regenesys School of Public Management 
    137. Saint Colonel Graduate Institute (PTY) Ltd 
    138. SAMDI 
    139. Sasalethu Consulting and Associates 
    140. Sekakopamo Holdings 
    141. SIZA NESU TRAINING AND DEVELOPMENT 
    142. Sizanesu Consulting 
    143. Solstice Networks CC. 
    144. Talent Emporium Academy (PTY) Ltd 
    145. Tankimo Trading (Pty) Ltd 
    146. TCNS Resources (PTY) Ltd 
    147. The Crimson CO CC. 
    148. The People Architects 
    149. Thubelihle Graduate Institute 
    150. TIPP SOLUTIONS CC 
    151. Tloumogale Business Development & Consulting 
    152. Tradesman Consulting and Training Solutions 
    153. Tsebo Kitso Trainings 
    154. Tshelopele Development Institution 
    155. Tshwane Training Institute (PTY) LTD. 
    156. Tuns Trading and Projects (Pty) Ltd 
    157. Ubuholi Bendabuko Capacity Building (PTY) Ltd 
    158. Ukhozi Consulting Cleaning Services 
    159. Umfolozi FET College 
    160. Umfolozi FET College - Central Office 
    161. Umgungundlovu FET College 
    162. Umqondo Consultancy 
    163. Unakho Business Solutions 
    164. University of Fort Hare 
    165. University of North West 
    166. University of Pretoria 
    167. University of Venda 
    168. V HERRMANNSEN AND ASSOCIATES CC 
    169. Vhembe FET College - Central Office 
    170. Vicmat Consultants 
    171. Vuselela FET College - Central Office 
    172. Vuselela FET College - Klerksdorp Campus 
    173. VUSHENI LEARNING ACADEMY 
    174. Waterberg FET College - Central Office 
    175. WEINVEST INVESTMENT CC 
    176. 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.