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:

Recognise, measure, classify and record financial and non-financial data

SAQA US ID	UNIT STANDARD TITLE
12935	Recognise, measure, classify and record financial and non-financial data
ORIGINATOR
SGB HET Accountancy and Financial Management
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA
FIELD			SUBFIELD
Field 03 - Business, Commerce and Management Studies			Finance, Economics and Accounting
ABET BAND	UNIT STANDARD TYPE	PRE-2009 NQF LEVEL	NQF LEVEL	CREDITS
Undefined	Regular	Level 6	Level TBA: Pre-2009 was L6	8
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

A person credited with this unit standard is generally found within the financial accounting field. On successful completion of the unit standard, a person will be able to recognise, measure, classify and record accounting and non-financial data.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Unit standard, Manage accounting systems, NQF level 5.

UNIT STANDARD RANGE

A person may exhibit this competence in the private and/or the public sector.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Recognise financial and non-financial data.

OUTCOME RANGE

Assets, liabilities, financial position, financial performance, non-financial information

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Assets and liabilities in general purpose financial statements are recognised and selected accurately.

ASSESSMENT CRITERION 2

2. Elements of financial position are recognised.

ASSESSMENT CRITERION 3

3. Elements of performance in relevant statements are recognised.

ASSESSMENT CRITERION RANGE

Income and expense, cash flow

ASSESSMENT CRITERION 4

4. Non-financial information is recognised in terms of importance and relevance.

SPECIFIC OUTCOME 2

Classify financial and non- financial data.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Assets and liabilities in general purpose financial statements are classified as per relevant sections of the legislation.

ASSESSMENT CRITERION 2

2. Elements of financial position are classified as per relevant sections of the legislation.

ASSESSMENT CRITERION 3

3. Elements of performance in relevant statements are classified as per relevant sections of the legislation.

ASSESSMENT CRITERION RANGE

Income and expense, cash flow

ASSESSMENT CRITERION 4

4. Non-financial data is classified in order of importance and relevance.

SPECIFIC OUTCOME 3

Measure and record financial and non-financial data.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Assets and liabilities in general purpose financial statements are measured and disclosed in accordance with defined measurement and disclosure criteria.

ASSESSMENT CRITERION 2

2. Elements of financial position are measured and disclosed in accordance with defined measurement and disclosure criteria.

ASSESSMENT CRITERION 3

3. Elements of performance in relevant statements are measured and disclosed in accordance with defined measurement and disclosure criteria.

ASSESSMENT CRITERION RANGE

Income and expense, cash flow

ASSESSMENT CRITERION 4

4. Qualitative information relevant to risk is disclosed in pre-defined timeframes, and related to the environment and human resources.

ASSESSMENT CRITERION 5

5. Non-financial data that is of relevance and importance, is measured and disclosed in accordance with defined measurement and disclosure criteria.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor.

Moderation activity comments by SGB`s, organisations and individuals may be forwarded to NSB03.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

A demonstrated understanding of:

Recognition, classification, measurement and disclosure techniques

Elements of financial position

Elements of financial performance

UNIT STANDARD DEVELOPMENTAL OUTCOME

N/A

UNIT STANDARD LINKAGES

N/A

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, organise and critically evaluate information.

UNIT STANDARD CCFO SCIENCE

Use science and technology effectively and critically (showing responsibility towards the environment and health of others).

UNIT STANDARD CCFO DEMONSTRATING

Demonstrate an understanding of the world as a set of related systems.

UNIT STANDARD CCFO CONTRIBUTING

Be culturally and aesthetically 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

Legal requirements:

The Companies Act

GRAP (Generally recognised Accounting Practice)

GAMAP (Generally Accepted Management Accounting Practice)

GAAP (Generally Accepted Accounting Practice)

PFMA (Public Finance Management Act)

The Treasury regulations

The Municipal Finance Act (once promulgated) and the CC (Close Corporations) Act

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Core	35926	National Diploma: Payroll Administration Services	Level 5	Level TBA: Pre-2009 was L5	Passed the End Date - Status was "Reregistered"	2009-03-31	Was SERVICES until Last Date for Achievement
Core	67229	National Diploma: Payroll Administration Services	Level 5	NQF Level 05	Passed the End Date - Status was "Reregistered"	2023-06-30	SERVICES
Core	36213	National Diploma: Technical Financial Accounting	Level 5	NQF Level 05	Passed the End Date - Status was "Reregistered"	2023-06-30	FASSET

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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