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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 an understanding of basic accounting practices |
| SAQA US ID | UNIT STANDARD TITLE | |||
| 13999 | Demonstrate an understanding of basic accounting practices | |||
| ORIGINATOR | ||||
| Interim SGB for Business, Commerce, Mgmnt Studies | ||||
| PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | ||||
| - | ||||
| FIELD | SUBFIELD | |||
| Field 03 - Business, Commerce and Management Studies | Generic Management | |||
| ABET BAND | UNIT STANDARD TYPE | PRE-2009 NQF LEVEL | NQF LEVEL | CREDITS |
| ABET Level 4 | Regular | Level 1 | NQF Level 01 | 4 |
| 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 |
| A candidate credited with this general competence will be able to: demonstrate an understanding of basic accounting skills. |
| LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
| Numeracy ABET Level 3. |
| Specific Outcomes and Assessment Criteria: |
| SPECIFIC OUTCOME 1 |
| Explain the cycle of recording transactions and relevant terminology. |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. Accounting transactions are explained. |
| ASSESSMENT CRITERION 2 |
| 2. Accounting terminology is explained. |
| ASSESSMENT CRITERION RANGE |
| Assets, Liabilities, Owners Equity, Income, Expenditure, Receipts, Payments, Profits etc. |
| ASSESSMENT CRITERION 3 |
| 3. The cycle of recording transactions is explained and demonstrated. |
| ASSESSMENT CRITERION RANGE |
| Source documents, subsidiary journals, ledger, trial balance, final accounts |
| SPECIFIC OUTCOME 2 |
| Explain and demonstrate an understanding of source documents. |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. The concept source document is explained. |
| ASSESSMENT CRITERION 2 |
| 2. Different types of source documents are identified. |
| ASSESSMENT CRITERION RANGE |
| Receipts, invoices, petty cash vouchers, cheque counterfoils, etc. |
| ASSESSMENT CRITERION 3 |
| 3. The understanding to complete source documents is demonstrated. |
| ASSESSMENT CRITERION RANGE |
| Receipts, invoices, petty cash vouchers, cheque counterfoils, etc. |
| ASSESSMENT CRITERION 4 |
| 4. The relevance of source documents is analysed. |
| ASSESSMENT CRITERION RANGE |
| Storage, keeping it in proper sequence, etc. |
| SPECIFIC OUTCOME 3 |
| Explain the purpose of each subsidiary journal. |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. The concept subsidiary journal is explained. |
| ASSESSMENT CRITERION 2 |
| 2. Types of subsidiary journals are identified and discussed. |
| ASSESSMENT CRITERION RANGE |
| Cash receipts journal, cash payments journal, petty cash journal, debtors journal, etc. |
| ASSESSMENT CRITERION 3 |
| 3. The use of each subsidiary journal is justified. |
| ASSESSMENT CRITERION RANGE |
| Cash receipts journal for all receipts, Cash payments journal for all payments, etc. |
| SPECIFIC OUTCOME 4 |
| Prepare subsidiary journals. |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. The relationship between source documents and subsidiary journals is expressed. |
| ASSESSMENT CRITERION RANGE |
| Receipts to cash receipts journal, cheque counterfoils to cash payments journal, petty cash vouchers to petty cash journal, etc. |
| ASSESSMENT CRITERION 2 |
| 2. The correct recording of entries from the source documents into subsidiary journals is demonstrated. |
| ASSESSMENT CRITERION RANGE |
| Practical exercises - from source documents to subsidiary journals |
| ASSESSMENT CRITERION 3 |
| 3. The understanding of closing the subsidiary journals at the end of each month is demonstrated. |
| ASSESSMENT CRITERION RANGE |
| Practical exercises - subsidiary journals closed off |
| SPECIFIC OUTCOME 5 |
| Post subsidiary journals to the general ledger. |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. The purpose of the general ledger is explained. |
| ASSESSMENT CRITERION 2 |
| 2. The sections of the general ledger is explained. |
| ASSESSMENT CRITERION RANGE |
| Balance sheet section, Nominal Accounts Section, Final accounts section |
| ASSESSMENT CRITERION 3 |
| 3. The understanding of the posting from the subsidiary journal is explained, and demonstrated. |
| ASSESSMENT CRITERION RANGE |
| Double-entry system, practical exercises: from subsidiary journals to ledger |
| SPECIFIC OUTCOME 6 |
| Prepare the final statements. |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. The final statements of business' are identified and explained. |
| ASSESSMENT CRITERION RANGE |
| Income statements, balance sheet |
| ASSESSMENT CRITERION 2 |
| 2. The purpose of final statements is explained. |
| ASSESSMENT CRITERION RANGE |
| Calculate profit /loss, etc. |
| ASSESSMENT CRITERION 3 |
| 3. The understanding to complete an income statement from the given information is demonstrated. |
| ASSESSMENT CRITERION RANGE |
| Practical exercises - from trial balances to income statements |
| ASSESSMENT CRITERION 4 |
| 4. The understanding to complete a balance sheet from the given information is demonstrated. |
| ASSESSMENT CRITERION RANGE |
| Practical exercises: from trial balances and income statements to balance sheets. |
| UNIT STANDARD DEVELOPMENTAL OUTCOME |
| 1. Reflecting on and exploring a variety of strategies to learn more effectively;
2. Participating as responsible citizens in the life of local, national and global communities; 3. Being culturally and aesthetically sensitive across a range of social contexts; 4. Exploring education and career opportunities; and 5. Developing entrepreneurial opportunities. |
| 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, analyse, organise and critically evaluate information. |
| UNIT STANDARD CCFO COMMUNICATING |
| Communicate effectively using visual, mathematical and/or language skills in the modes of oral and/or written presentation. |
| UNIT STANDARD CCFO SCIENCE |
| Use science and technology effectively and critically, showing responsibility towards the environments and health of others. |
| UNIT STANDARD CCFO DEMONSTRATING |
| Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation. |
REREGISTRATION HISTORY |
| As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. |
| QUALIFICATIONS UTILISING THIS UNIT STANDARD: |
| ID | QUALIFICATION TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | STATUS | END DATE | PRIMARY OR DELEGATED QA FUNCTIONARY | |
| Core | 24153 | General Education and Training Certificate: Adult Basic Education and Training | Level 1 | NQF Level 01 | Passed the End Date - Status was "Reregistered" |
2008-09-13 | Was ETDP SETA until Last Date for Achievement |
| Core | 61755 | General Education and Training Certificate: Business Practice | Level 1 | NQF Level 01 | Reregistered | 2023-06-30 | SERVICES |
| Core | 64909 | National Certificate: Small Scale Mining | Level 2 | NQF Level 02 | Reregistered | 2023-06-30 | MQA |
| Fundamental | 22971 | General Education and Training Certificate: Conservation | Level 1 | NQF Level 01 | Passed the End Date - Status was "Reregistered" |
2012-06-30 | CATHSSETA |
| Fundamental | 22190 | General Education and Training Certificate: Tourism | Level 1 | NQF Level 01 | Passed the End Date - Status was "Reregistered" |
2012-06-30 | CATHSSETA |
| Elective | 71751 | General Education and Training Certificate: Adult Basic Education and Training | Level 1 | NQF Level 01 | Reregistered | 2023-06-30 | As per Learning Programmes recorded against this Qual |
| Elective | 73249 | General Education and Training Certificate: Adult Basic Education and Training: Academic Curriculum | Level 1 | NQF Level 01 | Reregistered | 2023-06-30 | UMALUSI |
| Elective | 50584 | General Education and Training Certificate: Clothing Manufacturing Processes | Level 1 | NQF Level 01 | Reregistered | 2023-06-30 | FPMSETA |
| Elective | 20183 | National Certificate: Banking | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2015-06-30 | BANKSETA |
| Elective | 20288 | National Certificate: Farming | Level 2 | NQF Level 02 | Reregistered | 2023-06-30 | AgriSETA |
| Elective | 48969 | National Certificate: Service Station Operations | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2008-11-26 | Was W&RSETA until Last Date for Achievement |
| 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. | 1 Classie Africa |
| 2. | A Z Community Services |
| 3. | African Apex Apparel (Pty) Ltd |
| 4. | AL Development Services cc |
| 5. | Amasiko Trading Enterprise |
| 6. | Aranda Textile Mills Pty Ltd |
| 7. | Arden School of Management (Pty) Ltd |
| 8. | Assured Vocational Skills Institute (Pty) Ltd |
| 9. | Avad Projects (Pty) Ltd |
| 10. | Ayasaphe Trading cc |
| 11. | Bakgoni Empowerment Centre (Pty) Ltd |
| 12. | Better beginning trading and projects pty ltd |
| 13. | Big Tree Group (Pty) Ltd |
| 14. | Bokamoso Competence (Pty) Ltd |
| 15. | Bonenhle Investments |
| 16. | Bosasa Youth Development Centres (Pty) Ltd |
| 17. | Btech |
| 18. | Camblish Training Institute (Pty) Ltd |
| 19. | CANDYS UNLIMITED COLLECTION Pty Ltd |
| 20. | Cape Business & Engineering College (Pty) Ltd |
| 21. | Cape Town Workbased Learning Academy |
| 22. | Capricorn TVET College |
| 23. | Changing Women |
| 24. | Chippa Training Academy (Pty) Ltd |
| 25. | Circleway College |
| 26. | CKWEI Clothing (Pty) Ltd |
| 27. | College of Cape Town - Athlone Campus |
| 28. | Cre8tion Projects 6 PTY LTD |
| 29. | Cumlaude Institute (PTY) Ltd |
| 30. | Dinaka Business Management & Consulting |
| 31. | DITEBOGO CONSULTANCY CC |
| 32. | Dlabane Investment Holdings (Pty) Ltd |
| 33. | Dlamini The Siba PTY LTD |
| 34. | Do It Again Academy (Pty) Ltd |
| 35. | Dr M Investments |
| 36. | Duzi-Corp 56 |
| 37. | Ebotse Development and Training Centre |
| 38. | Ekurhuleni Artisans & Skills Training Centre (Pty) Ltd |
| 39. | Elimofo Trading& Projects |
| 40. | Esayidi FET College - Central Office |
| 41. | Faithworks Development Consultants (Pty) Ltd |
| 42. | FALSE BAY TECHNICAL VOCATIONAL EDUCATION & TRAINING COLLEGE |
| 43. | Fezile Fashion Skills Academy (Pty) Ltd |
| 44. | Flavious Mareka TVET College |
| 45. | Forthwawe Business Centre |
| 46. | Fundakahle Multi-Purpose Co-operative Limited |
| 47. | Fundani School of Thought (pty) Ltd |
| 48. | Furniture World Training Centre |
| 49. | Future Discovery Training Academy CC |
| 50. | Future Dynamics Learning |
| 51. | Gauteng City College |
| 52. | Gia Development Trades |
| 53. | Glicam Trading Enterprise |
| 54. | Grandstar Projects |
| 55. | Green Earth Training & Development (Pty) Ltd |
| 56. | Green Enviro & Projects (Pty)Ltd |
| 57. | Greenrim Training |
| 58. | HHO Enterprise |
| 59. | HLUVUKA TRAINING AND CONSULTING |
| 60. | Honey Cube Projects & Services (Pty) Ltd |
| 61. | Hoseah Training and Manufacturing NPC |
| 62. | Hot To Go Training College and Services |
| 63. | HYGRO TRAINING COLLEGE (Pty) LTD |
| 64. | I Care Resource Centre |
| 65. | Ikamvelihle Youth Development (Pty) Ltd |
| 66. | Imbewu Development Institute (Pty) Ltd |
| 67. | Impela Trading cc |
| 68. | In House Media Instruction |
| 69. | In Time Industrial (Pty) Ltd |
| 70. | Inafrica General Trading Pty LTD |
| 71. | Inter-Coastal Business & Property Services cc |
| 72. | INTERMASIKO CC |
| 73. | Intsukaze Training Center |
| 74. | Intuthuko Yesizwe Community Organisation |
| 75. | Inyathi Visions |
| 76. | Ithemba Lomphakathi Community Organisation |
| 77. | Ithuteng Learning Academy & Projects (Pty) Ltd |
| 78. | Ivulandlela (Pty) Ltd |
| 79. | Izintombizekhethelo (Pty) Ltd |
| 80. | Jeppe College of Commerce and Computer Studies |
| 81. | Jumpstart Training Institute (Pty) Ltd |
| 82. | kagisho Business Concepts (Pty) Ltd |
| 83. | Kelmik Training Centre (Pty) Ltd |
| 84. | Kingdom Varsity College (Pty) Ltd |
| 85. | Kingsbury International College (SA) |
| 86. | Knoop Academy NPC |
| 87. | Kotton Wear (Pty) Ltd |
| 88. | Kusabelele Investments |
| 89. | KWEM Management Solutions |
| 90. | La Gratitude Academy |
| 91. | Lembede Investment Holdings (Pty) Ltd |
| 92. | Leronsa Trading Enterprise |
| 93. | Letaba TVET College |
| 94. | LFS DESIGNS |
| 95. | LLSM (Pty) Ltd |
| 96. | Longata Consultant |
| 97. | Lucky Neo (Pty) Ltd |
| 98. | Lwaziphezinhle (Pty) Ltd |
| 99. | Maab Training Management ( Pty) Ltd |
| 100. | Maboko Skill Development & Projects |
| 101. | Maluti TVET College |
| 102. | Mananthatshema Skills Dev. Centre |
| 103. | Matatiele Fashion Design Academy (Pty) Ltd |
| 104. | Maxlen Holdings (Pty) Ltd |
| 105. | Mberwana Trading Enterprise |
| 106. | Mbimbini Training and Community Development |
| 107. | Meals on Wheels Community Services - South Africa |
| 108. | Mgadaveni Training Projects (Pty) Ltd |
| 109. | MICROMATICA 384 (PTY) LTD |
| 110. | Mlasimbi Catering Primary Co-operative Limited |
| 111. | MMBG Trading & Consulting |
| 112. | Mnambithi TVET College |
| 113. | Modiehi Consulting & Projects (Pty) Ltd |
| 114. | Mphahle Consultancy (Pty) Ltd |
| 115. | Mugazi Consultancy cc |
| 116. | Mukwevho Training and Development |
| 117. | NDIMASE TRADING |
| 118. | Ndwamato Training Solutions (Pty) Ltd |
| 119. | Nedbank Ltd |
| 120. | NELLY-SGUEEJE TRADING |
| 121. | New Business Initiative Management Consultancy |
| 122. | Ngaphakathi Investments |
| 123. | Ngcebo Consulting (Pty) Ltd |
| 124. | Nhlanzi Investments (Pty) Ltd |
| 125. | Nolwazi Dev Centre (Pty) Ltd |
| 126. | Nomzumbe Trading & Projects (Pty) Ltd |
| 127. | Northlink College |
| 128. | Nosino Projects (Pty) Ltd |
| 129. | Nteko Investments |
| 130. | Ntuthuko Projects & Services |
| 131. | Nurture-Nature Resources (Pty) Ltd |
| 132. | Nurtured Minds Trading (Pty) Ltd |
| 133. | Optimi Workplace |
| 134. | Optimum Capacity (Pty) Ltd |
| 135. | OTP |
| 136. | Oyama Kulwazi Training & Consulting (Pty) Ltd |
| 137. | Pectosource (Pty) Ltd |
| 138. | Penny Lane Fashion School (Pty) Ltd |
| 139. | People Upliftments t/a POPUP Upliftment |
| 140. | Phetho Concepts (Pty) Ltd |
| 141. | Positive Thinking Consultants CC |
| 142. | Practice Makes Perfect Training Centre |
| 143. | Premier Agric (Pty) Ltd |
| 144. | Prempie Business Solutions (Pty) Ltd |
| 145. | Prispiri (Pty) Ltd |
| 146. | Professional Development and Training Institute (Pty) Ltd |
| 147. | Professional Training Institute (Pty) Ltd |
| 148. | Progressive School of Business and Engineering (Pty) |
| 149. | Qualfurn Training & Projects |
| 150. | Rally Business Consulting PTY LTD |
| 151. | Re Tshepeng Holdings |
| 152. | Redefined Skills Training & Development (Pty) Ltd |
| 153. | RI A LINDA SECURITY SOLUTIONS |
| 154. | RUBICON COMMUNICATIONS |
| 155. | Seacrest Investments 156 (Pty) Ltd |
| 156. | Sedibeng TVET College |
| 157. | Sekhukhune FET College - Central Office |
| 158. | SEOPOSENGOE TRAINING CONSULTANCY CC |
| 159. | Setlakala Business Development |
| 160. | Sew Africa Training Centre |
| 161. | Sibonguthando Projects And Services Cc |
| 162. | Silalele Consultants (Pty) Ltd |
| 163. | Silungokuhle (Pty) Ltd |
| 164. | Sinovuyolethu Trading (Pty) Ltd |
| 165. | Siyasanga Training Centre |
| 166. | Souls 4 Life Trading (Pty) Ltd |
| 167. | South African Advanced Skills Institute |
| 168. | SOUTH AFRICAN FASHION DESIGNER AGENCY |
| 169. | South Cape Public FET College - George Campus |
| 170. | South West Gauteng Tvet College |
| 171. | T Mdlatu Trading Enterprise cc |
| 172. | Talent for Sewing |
| 173. | TBL Empowerment Hub |
| 174. | Tebkhan Investments (Pty) Ltd |
| 175. | Tembe Service Providers |
| 176. | ThabileTrade 1054 cc |
| 177. | THANDEKA VOCATIONAL EDUCATION TRUST (PTY) LTD |
| 178. | The Brokers Learning Centre |
| 179. | The Finishing College (Pty) Ltd |
| 180. | The Institute of Fashion and Garment Technology (Pty) Ltd |
| 181. | Thitha Training and Development Services |
| 182. | Thuto Skills Development |
| 183. | Tlhole Foundation (PTY) LTD |
| 184. | Trade Call Investments Apparel (Pty) LTD |
| 185. | Trade Call Investments Apparel (Pty) Ltd (Mobeni) |
| 186. | True Ruby Trading 1021 cc |
| 187. | Try Easy Electrical Solutions |
| 188. | Tshwane North College |
| 189. | U AND G TRAINING (PTY) LTD |
| 190. | Ubucubu Home Industries |
| 191. | Ubuhle Bengcebo |
| 192. | Udumo Services & Projects |
| 193. | Umfolozi TVET College (Richards Bay) |
| 194. | Umlozi Skills Centre (Pty) Ltd |
| 195. | Umnotho We Afrika Foundation NPC |
| 196. | Umunotho Wealth Management Pty Ltd |
| 197. | Uyabusisa Arts and Development Pty Ltd |
| 198. | Valotech 274 (Pty) Ltd |
| 199. | Value at Hand (Pty) Ltd |
| 200. | VEB CELE & Associates (Pty) Ltd |
| 201. | Verge (Pty) Ltd |
| 202. | Vhembe TVET College |
| 203. | Vijay Bhagwan Consultancy and Solutions cc |
| 204. | VINE APPAREL (PTY)LTD |
| 205. | Visionary Skill Academy |
| 206. | VPK BUSINESS VENTURE C C |
| 207. | Vuliqgondo Research & Manufacturing Centre |
| 208. | Vuthlari Marketing Consulting (Pty) Ltd |
| 209. | Warona Owethu Projects (Pty) Ltd |
| 210. | Wattville Community Learning College |
| 211. | Western Cape Clothing and Textiles Service Centre |
| 212. | Wilratty Consultants (Pty) Ltd |
| 213. | Womens Leadership & Empowerment Initiative |
| 214. | World Pace Development & Training Institute (Pty) Ltd |
| 215. | World Pace Development and Training Institute |
| 216. | Yahweh Shammah Socio-Economic Development |
| 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. |