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 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
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 
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  Reregistered  2023-06-30  PSETA 
    Elective  57824   Further Education and Training Certificate: Public Administration  Level 4  NQF Level 04  Reregistered  2023-06-30  PSETA 
    Elective  50205   National Certificate: Municipal Integrated Development Planning  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  LG SETA 
    Elective  50060   National Certificate: Public Administration  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. ABA Sebenzi 
    2. Acrodia Investments 
    3. Akhona Skills Fountain and Trading 
    4. Amabamba Recruitment 
    5. Amaqamu Project Management &Consulting 
    6. AUBREY NYIKO BUSINESS ENTERPRISES 
    7. AVAX SA 481 CC. T/A Mandisa Development Services 
    8. Bantubanye Skills 
    9. Batho Fela Ordinary People 
    10. Better Best Skills Development 
    11. BF QUALITY SOLUTIONS (PTY) LTD 
    12. Boland College Head Office 
    13. Break The Chains Development Services 
    14. Capricorn FET College - Polokwane Campus 
    15. CHAMELEON PERFORMANCE IMPROVERS CC 
    16. Classic Human Capital Solutions 
    17. CTC College(PTY) LTD. 
    18. Development Bank of Southern Africa (DBSA) 
    19. Ditirelo Skills Development Services 
    20. E-Login Business Institute (Pty) Ltd 
    21. Edutel Public Service Company 
    22. Edutraining Business College 
    23. Elangeni College for FET - Inanda Campus 
    24. Elective Training Institute Enterprise CC 
    25. Eskilz College (Pty) Ltd 
    26. Ethekwini Corporate and Human Resources Skills Development Unit 
    27. Express Model 405 
    28. Extribyte (Pty) Ltd 
    29. Free State Training and Development Institute 
    30. GATYANA TRAINING ACADEMY 
    31. Glere Skills and Consultants 
    32. Globalwise Training & Consulting (PTY) Ltd. 
    33. Goldfields FET College - Tosa Campus 
    34. Growth Management Consulting 
    35. Gudlhuza Development Solutions cc 
    36. Harvitex cc 
    37. HDPSA GROUP (PTY) LTD 
    38. IQ Skills Academy (PTY) LTD. 
    39. Jeppe College of Commerce and Computer Studies 
    40. Jobafrik Consulting 
    41. Kamanga Skills Projects 
    42. Kgolo Institute 
    43. Khoali Education, Training and development consultants 
    44. KHOSITHI TRAINING 
    45. Kia Chuma 
    46. KMS COLLEGE 
    47. LEMARK TRAINING & DEVELOPMENT 
    48. Lephalale FET College - Modimolle Campus 
    49. Letlhogela Business Consulting Pty Ltd 
    50. Lewerb Holdings (PTY) Ltd 
    51. Makavila Suppliers CC. 
    52. Management College of Southern Africa (MANCOSA) 
    53. Masemase Consultancy CC. 
    54. Mass Computer Training And Printers 
    55. Mgwezane Training and Events Management CC. 
    56. Miczo's Enterprise 
    57. Mission Point Consulting 
    58. Mmalethabo Consulting 
    59. Motheo FET College - Bloemfontein Campus 
    60. Mowils Consultants 
    61. Mvelaphanda Technologies 
    62. Ndrendre Building & General Services 
    63. Nemalale Eagles Consultancy CC 
    64. Nhlahle Development Agency 
    65. NJ & L Trading Enterprise CC. 
    66. NS Global Academy 
    67. Outeniqua Leadership Institute 
    68. Paseka Business Enterprise 
    69. Pro-Active Public Services College (Pty) Ltd 
    70. Pro-African College (PTY) LTD 
    71. PRODIGY BUSINESS SERVICES (PTY) LTD 
    72. PTDEV (Pty) Ltd 
    73. RAMAZWI SECURITY SERVICES CC 
    74. Reflections Development Institute 
    75. Regen Institute of Leadership and Management Education 
    76. Regenesys School of Public Management 
    77. Saint Colonel Graduate Institute (PTY) Ltd 
    78. SAMDI 
    79. SIMS KHULA TRAINING SKILLS DEVELOPMENT 
    80. SIYANQOBA SEMINARS 
    81. Solstice Networks CC. 
    82. Talent Emporium Academy (PTY) Ltd 
    83. The People Architects 
    84. TIPP SOLUTIONS CC 
    85. Tloumogale Business Development & Consulting 
    86. Trainyoucan 
    87. Tsebo Kitso Trainings 
    88. Tshelopele Development Institution 
    89. Ukhozi Consulting Cleaning Services 
    90. Umfolozi FET College - Central Office 
    91. Umgungundlovu FET College 
    92. Umqondo Consultancy 
    93. University of Fort Hare 
    94. University of Venda 
    95. V HERRMANNSEN AND ASSOCIATES CC 
    96. Vhembe FET College - Central Office 
    97. VUSHENI LEARNING ACADEMY 
    98. Waterberg FET College - Central Office 
    99. 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.