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: 

Demonstrate understanding of financial and accounting principles for public entities 
SAQA US ID UNIT STANDARD TITLE
120360  Demonstrate understanding of financial and accounting principles for public entities 
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  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 
Board members as well as officials of public entities need to be informed with regard to the relevant financial, legislative and corporate governance issues relating to these entities, to ensure effective financial decision making.

The purpose of the learning is to provide competencies (knowledge, skills and values) to board members and officials of public entities in terms of legislative requirements, financial and accounting principles, good corporate governance and managerial decision-making. Qualifying learners are able to contribute towards increasing the effectiveness of board members and service delivery of public entities in general. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that learners are competent in:
  • Communication at Level 4.
  • Accounting at Level 4. 
    		•

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Interpret the appropriate legislative requirements applicable to the governing of public entities. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Public Finance Management Act and Treasury requirements are selected are relevant to a particular entity. 

    ASSESSMENT CRITERION 2 
    The requirements are applied to a selected entity to determine the level of conformity. 

    ASSESSMENT CRITERION 3 
    Decisions and recommendations are made to increase the level of compliance/conformity of the entity with the relevant regulatory and statutory requirements. 

    SPECIFIC OUTCOME 2 
    Apply good corporate governance principles in public entities. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    A comparison is made between international and national trends in corporate governance highlighting important differences and similarities. 

    ASSESSMENT CRITERION 2 
    National developments are applied to the management of a public sector entity. 

    ASSESSMENT CRITERION 3 
    The way in which the application of corporate governance requirements facilitates responsible and ethical behaviour is described using examples from specific entities. 

    SPECIFIC OUTCOME 3 
    Obtain knowledge on the financial and accounting principles necessary to evaluate financial and accounting issues of the specific public entity. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The basic accounting principles, required by public entities are used to comment on financial statements. 

    ASSESSMENT CRITERION 2 
    The accounting cycle is described with special emphasis on the implementation of accounting controls during the cycle. 

    ASSESSMENT CRITERION 3 
    Budgets and management plans are evaluated using essential criteria. 

    ASSESSMENT CRITERION 4 
    The evaluation of the budget and management plans are communicated to stakeholders in appropriate written format. 

    SPECIFIC OUTCOME 4 
    Examine the critical performance indicators and analyse and interpret the public entity's financial statements and reports using critical performance indicators. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Changing circumstances within the public entity are reacted to responsibly and creatively using the above. 

    ASSESSMENT CRITERION 2 
    Plans to improve management accounting situations in the public entity and community environments are proposed. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Council on Higher Education will be the assessors of this standard. Lecturers will conduct the internal and external moderation.
  • External moderators will be selected from practitioners in the sector. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Legislative requirements referring to the Public Finance Management Act and the Treasury regulations.
  • Corporate governance as required in the South African Public Entity context with specific reference to principles and Audit Committees.
  • Financial and accounting principles in terms of Generally Accepted Accounting Principles and other relevant guidelines referring to financial planning, management and control.
  • Managerial decision making based on critical analysis and interpretation of financial statements and reports. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Recognise and solve problems relating to their operational level, creatively to maximise productivity responsibly. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with other members of a board and organisation and contribute to the group output fields as demonstrated during group sessions and practical work. 

    UNIT STANDARD CCFO ORGANISING 
    Develop the necessary competencies to manage and organise their own activities and responsibilities effectively. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and evaluate operational information at the appropriate level. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using language skills in a written medium. 

    UNIT STANDARD CCFO DEMONSTRATING 
  • Show responsibility towards others and the environment by demonstrating willingness to comply with applicable legislation.
  • Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation. 
    		•

    UNIT STANDARD CCFO CONTRIBUTING 
  • Participate as responsible citizens in the life of local, national and global communities.
  • Be culturally sensitive across a range of social contexts. 
    		•

    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  64670   National Certificate: Public Financial Oversight and Accountability  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  PSETA 
    Elective  57824   Further Education and Training Certificate: Public Administration  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  PSETA 
    Elective  50205   National Certificate: Municipal Integrated Development Planning  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  LG SETA 
    Elective  50060   National Certificate: Public Administration  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "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. Amabamba Recruitment 
    2. Amandla Obunye Training Academy 
    3. AVAX SA 481 CC. T/A Mandisa Development Services 
    4. Cale Developments 
    5. Destiny Management Consultants (Pty) Ltd 
    6. DotCentre Business Consulting 
    7. E-Login Business Institute (Pty) Ltd 
    8. Edutel Public Service Company 
    9. Edutraining Business College 
    10. Excellent Minds Institute (Pty) Ltd 
    11. Fachs Business Consulting and Training 
    12. Fort Hare Trading Solutions (Pty) Ltd 
    13. Free State Training and Development Institute 
    14. Global Steel Merchants (Pty) Ltd 
    15. Growth Management Consulting 
    16. Harvestine Investments (Pty) Ltd 
    17. Institute of Busines Management of Southern Africa 
    18. Integrated Corporate Skills Solution 
    19. IQ Skills Academy (PTY) LTD. 
    20. Jobafrik Consulting 
    21. Josmap Training Institute 
    22. Kgaka Kgolo Institute 
    23. Le - Mark Training and Development Pty (Ltd) 
    24. Lewerb Holdings (PTY) Ltd 
    25. Majuba Technical Vocational Education and Training 
    26. MANCOSA Pty (Ltd) 
    27. Matash Holdings (Pty) Ltd 
    28. Milpark Education (Pty) Ltd 
    29. MMPS Holdings 
    30. Mowils Consultants 
    31. Mpumalanga School of Government - MPSG 
    32. MSC Education Holdings (PTY) LTD 
    33. MTK Corporate Solutions 
    34. Nemalale Eagles Consultancy CC 
    35. Neopeo Trading & Projects 
    36. Nkqubela Community Developers 
    37. Orchards Graduate School (Pty) Ltd 
    38. Pebetse Training and Consulting 
    39. PFIM Trading (Pty) Ltd 
    40. Positive Thinking Consultants cc 
    41. Prestige Leaders Consulting (Pty) Ltd 
    42. Prodigy Business Services 
    43. Prosam Consulting Group (Pty) Ltd 
    44. Ramazwi Security Service and Training Agency (Pty) Ltd 
    45. Rams Professional Training and Conferencing 
    46. Regen Institute of Leadership and Management Education 
    47. Regenesys School of Public Management 
    48. Regent Business School (Pty) Ltd t/a Regent Business School 
    49. Ritepath HR Solutions 
    50. Saint Colonel Graduate Institute 
    51. Southern African Institute of Learning 
    52. Step Ahead Academy (Pty) Ltd 
    53. Tachfin Holdings 
    54. Thandiwenathi (Pty) Ltd 
    55. The Justice 
    56. Tippinggate Business Solutions 
    57. Tloumogale Business Development & Consulting (Pty) Ltd 
    58. Tshepang Consulting & Project 
    59. Tshwane Training Institute (Pty) Ltd 
    60. Ukwakhile Projects (PTY) Ltd 
    61. Umqondo Consultancy 
    62. University of Pretoria 
    63. University of Venda 
    64. Vala Nge Bhetshu Human Capital Development (Pty) Ltd 
    65. Vuca Institute of Leadership Development 
    66. Vukauzakhe Traiding Enterprise 
    67. Weinvest Investments 


    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.