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 a knowledge and understanding of the basic principles of budgeting and financial management applicable to a local economic development project

SAQA US ID	UNIT STANDARD TITLE
110493	Demonstrate a knowledge and understanding of the basic principles of budgeting and financial management applicable to a local economic development project
ORIGINATOR
SGB Economics
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-
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 4	NQF Level 04	4
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

This Unit Standard is intended for people who are, or seek to be, employed in the local economic development sector. It introduces the learner to basic concepts applicable to budgeting and financial management. It also provides an understanding of these concepts in action by applying them in the local economic development context.People credited with this Unit Standard are able to:

Identify and explain the functions of accounting in the local economic development context

Explain the concept of double entry bookkeeping as it applies to budgeting and financial management

Identify and explain the framework for budget accounting

Identify and explain the framework for financial management

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

It is assumed that the learner is competent in:

Communication at NQF Level 4

Mathematical Literacy at NQF Level 4

Accounting at NQF Level 4.

UNIT STANDARD RANGE

Concepts of control include: buying only what is affordable; paying for products or services only once; cost recovery)

Double-entry bookkeeping includes: income/funding/money in versus expenditure/money out/payment for products or services

Key financial indicators include: statistics; ratios; management accounts; variance reports; bank statements; balance sheets; income statements; cash flow statements

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Identify and explain the functions of accounting in the local economic development context.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The information function of accounting is illustrated by referring to financial information typically recorded and reported on in the local economic development environment

ASSESSMENT CRITERION 2

2. The control function is explained by referring to examples of financial transactions in own work context

ASSESSMENT CRITERION 3

3. The contribution of financial accounting to decision-making is discussed by referring to examples of local economic development related decisions in own work context

SPECIFIC OUTCOME 2

Explain the concept of double entry bookkeeping as it applies to budgeting and financial management.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The principles of double-entry bookkeeping are listed and explained with reference to the balances sought in budgeting and/or financial management

ASSESSMENT CRITERION 2

2. The concept of `debits` is explained in terms of money spent or owing by the financial entity

ASSESSMENT CRITERION 3

3. The concept of `credits` is explained in terms of monies paid or owed to the financial entity

SPECIFIC OUTCOME 3

Identify and explain the framework for budget accounting.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. A range of budget entities is listed and each is described with reference to the local economic development environment

ASSESSMENT CRITERION 2

2. A variety of budget periods is listed and explained in terms of the budget entities

ASSESSMENT CRITERION 3

3. Key budget elements are explained with reference to a specified budget

SPECIFIC OUTCOME 4

Identify and explain the framework for financial management.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. A range of reporting periods is listed and explained with reference to selected financial entities in the local economic development environment

ASSESSMENT CRITERION 2

2. A variety of reporting formats is listed and explained with reference to selected financial entities in the local economic development environment

ASSESSMENT CRITERION 3

3. The use of key financial indicators is discussed by referring to examples from own work context

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

1. Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
2. Any institution offering learning that will enable achievement of this Unit Standard or will assess this Unit Standard must be accredited as a provider with the relevant ETQ, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA .
3. Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures or with an ETQA that has a Memorandum of Understanding with the relevant ETQA .
4. Therefore, anyone wishing to be assessed against this Unit Standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

Basic accounting principles and practices

Budgeting and financial management vocabulary and concepts

Institutional arrangements for local economic development (e.g. section 21 company; municipal LED unit; community development trust; partnerships)

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 by, e.g.

discussing the contribution of financial accounting to decision making according to assessment criterion:
The contribution of financial accounting to decision-making is discussed by referring to examples of local economic development related decisions in own work context

UNIT STANDARD CCFO COLLECTING

Collect, analyse, organize and critically evaluate information by, e.g.

listing and explaining a range of reporting periods and reporting formats according to assessment criteria:
A range of budget entities is listed and each is describred with reference to the local economic development environment
A variety of budget periods is listed and explained in terms of the budget entities

discussing the use of key indicators according to assessment criteria:
The use of key financial indicators is discussed by referring to examples from own work context

UNIT STANDARD CCFO COMMUNICATING

Communicate or written presentation by, e.g.

listing and explaining a variety of reporting formats according to assessment criterion:
A variety of reporting formats is listed and explained with reference to selected financial entities in the local economic development environment

UNIT STANDARD CCFO SCIENCE

Use science and technology effectively and critically, showing responsibility towards the environment and health of others by, eg.

discussing the use of key indicators according to assessment criteria:
The use of key financial indicators is discussed by referring to examples from own work context

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	36436	National Certificate: Local Economic Development	Level 4	Level TBA: Pre-2009 was L4	Passed the End Date - Status was "Reregistered"	2023-06-30	LG SETA
Elective	48884	Further Education and Training Certificate (FETC): Community Facilitation in Society and Environment Interactions	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2012-06-30

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.	A.S.A.P Training and Consulting
2.	A4 Consultancy CC
3.	Africa Institute For Public Administration
4.	African Divas
5.	Alpharide
6.	Amabamba Recruitment
7.	Amangile Academy (Pty) Ltd
8.	AVAX SA 481 CC. T/A Mandisa Development Services
9.	AVC Corporate Advisory Services (PTY) LTD.
10.	Avenida (Pty) Ltd
11.	Bakgatla Municipal Solutions
12.	Bantubanye Skills
13.	Bavelile Consultants and Training
14.	Belgravia Institute of Mangement (PTY) LTD
15.	Bettes - Types Trading and Projects
16.	Black Thari Trading Enterprise
17.	BMST Consulting
18.	Boikgalaletso Skills Development
19.	Boikgantsho Consulting & Events
20.	Boni Africa Events & Development
21.	Brilliant Affairs
22.	C Madumo Projects cc
23.	Central Bridge Trading 109
24.	Chuene Bosa Bosele Trading & Enterprise (PTY) LTD.
25.	Continuing Education Programme
26.	D T M CONSULTING CC
27.	Daily Double Traiding 281
28.	Danearl (PTY) LTD
29.	Development Bank of Southern Africa (DBSA)
30.	DialNx Consultants
31.	Ditirelo Skills Development Services
32.	Ditlou Solutions
33.	Eastern Rose Enterprise
34.	Edutraining Business College
35.	Elective Training Institute Enterprise CC
36.	Envirogreen
37.	Esehlula Bashuki
38.	Ethembeni Multi Service Enterprise (Pty) Ltd
39.	Express Model 405
40.	Faith First Trading
41.	Gauteng Association Of Local Authorities
42.	Giamanje TVET College
43.	Giggs Creations
44.	Glentech Innovative Design Concepts
45.	Glere Skills and Consultants
46.	Global Care Trading 100 CC
47.	Gogone S Trading & Projects
48.	Gugulethu Management & Training Consultancy
49.	Hadima Training Academy
50.	Hanyeleni Business Enterprise
51.	Hercuscope
52.	Hlombe and Associates
53.	Ikwanda Customs Consultants CC
54.	Iliso Investment holdings (Pty) Ltd
55.	Inkcubeko YakwaNtu Trading
56.	Innova8 Solutions
57.	Institute of Cooperatives and Community Economic Development
58.	INTERMASIKO CC
59.	IQ Skills Academy (PTY) LTD.
60.	Iziko Capacity Building CC.
61.	Jabukile Consultancy
62.	JIT Projects
63.	Jobafrik Consulting
64.	Johsie Enertprise
65.	Josmap Training Institute
66.	Jucamo Shelf 4 CC.
67.	Kernel Management and Consulting (PTY) LTD.
68.	Keydimensions Risk Solutions
69.	Kgotla Trading Enterprise
70.	Khumo Project Management Services
71.	Kia Chuma
72.	KPH Enterprises
73.	KPK Training Solutions
74.	KZN Tourism Training
75.	Lelethu Training (Pty) Ltd
76.	Lesias Educational Services
77.	Letsete Behub
78.	Lewerb Holdings (PTY) Ltd
79.	Life Long ABET Consulting
80.	Lilihle Trading and Projects
81.	Lilithalethu Holdings
82.	Limpopo LED Resource Centre
83.	Livhus Consulting Service
84.	Local Government Management Academy
85.	Londimvelo Consultants
86.	Lunga 99 Trading Enterprise
87.	Lwazi Community Facilitator
88.	M.I.C. Training and Development
89.	Mabuya Amahle Trading
90.	Madingoane and Family Construction
91.	Mafusega Projects
92.	Mahayi HRD Services cc
93.	Makhuba Development Projects CC
94.	Makoti Skills Development Solutions
95.	Makwenzeke Grass and Cleaners CC.
96.	Mancosa (PTY) LTD T/A Management College of Southern Africa
97.	MANCOSA Pty (Ltd)
98.	Mathye and Ditlou Dynasty Corporate
99.	Matsila Holdings
100.	Mbokazi & Mkhize
101.	Mc Intosh Xaba and Associates (MXA)
102.	Mgwezane Training and Events Management CC.
103.	Miczo's Enterprise
104.	Mimoisa Business Solutions CC
105.	Misol Projects cc
106.	MJ Mafunisa Consulting (PTY) LTD
107.	Mmanape Management Solutions
108.	MML Consulting CC.
109.	Mod-Mosh Projects and Consulting (PTY) LTD
110.	Mohlaje Solutions (Pty) Ltd
111.	Morena Empire Investment
112.	Mortarboard Training Solutions
113.	Mosako Wa Kitso
114.	MUHANGWENE DEVELOPMENT ENTERPRISE
115.	Multi-Skills Training & Development Institute (Pty) Ltd
116.	Multiple Productive Management Solutions
117.	National Peace Accord Trust
118.	Ndrendre Building & General Services
119.	NEBSA MANAGEMENT SERVICES CC
120.	NEDTEX73
121.	Nemalale Eagles Consultancy CC
122.	Neopeo Trading & Projects
123.	Nhlahle Development Agency
124.	Ntsu Trading 559 CC.
125.	Omithombo Management Academy
126.	Outeniqua Leadership Institute
127.	Pachedu Skills Solutions
128.	Pandelani Investment Holdings (PTY) LTD.
129.	PAUL ALLEN DEVELOPMENT PTY LTD
130.	Pebetse Training and Consulting
131.	PFIM Trading (Pty) Ltd
132.	Philani Solutions
133.	Phoebelle (Pty) LTD
134.	Pioneer Business Consulting
135.	PM Skills House
136.	PMA Holdings (PTY ) LTD.
137.	Power Rush Trading 170 CC.
138.	Powergate Trading 1040
139.	Powernexus
140.	Princetop Corporative Training (Pty) Ltd
141.	Progressive School of Business and Engineering (Pty)
142.	PTDEV (Pty) Ltd
143.	Qeto Business Consulting
144.	Reflections Development Institute
145.	Regent Business School (Pty) Ltd t/a Regent Business School
146.	RME Projects
147.	Sabela Trading and Projects CC.
148.	Samukela Injabulo
149.	Sebenzisanane Human Capital
150.	Sebobatho Project Management
151.	Senelo Trading CC
152.	Shandu Technical Services
153.	Shemeshe TM
154.	Silalele Consulting CC.
155.	Sisezwa Business Enterprise
156.	Sisodwa Investment Enterprise
157.	Siyakhula Trust ETD Institute Pty Ltd
158.	Siza Nesu Training and Consultants
159.	Social Capital Group
160.	Soni Investment
161.	South African Institute of Learning (SAIL)
162.	South African ABET Development Agency SAADA
163.	South African Governance and Business College
164.	SWARANANG MANAGEMENT CONSULTING CC
165.	Tachfin Holdings
166.	Talent Centre Training
167.	Tasc Business Consulting and Training
168.	Tau and Tau Training Enterprises Pty Ltd
169.	Tavo Investment
170.	TCNS Resources (PTY) Ltd
171.	TEE ZET Group
172.	TGH Traders
173.	The Chosen Consulting Services
174.	Thebu Financial & Management Services
175.	Thekwini College
176.	Thepa Trading 511
177.	Thinking Mind Trading
178.	Thubelihle Graduate Institute
179.	Tlaletso Consultants
180.	Tlotlangthuto Training & Consulting
181.	Tloumogale Business Development & Consulting
182.	Trade Avail 172 CC.
183.	Tradesman Consulting and Training Solutions
184.	Training at Work (Pty) Ltd
185.	Transafric Consulting Pty Ltd
186.	Tru-ThoughtsTrading and Projects
187.	Tshamutengo General Dealers CC.
188.	Tshelopele Development Institution
189.	Tswelopele Rural Development Network
190.	Tummo Development Enterprise
191.	Twin Peak Technologies
192.	TWS Business Development Solutions
193.	Tytons (Pty) LTD
194.	Umlando Projects Pty LTD
195.	Umqondo Consultancy
196.	UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD
197.	University of Venda
198.	Vantage Training
199.	Victorompie Enterprises CC.
200.	Vumilia Africa Group
201.	Vuyelwa SL Trading and Projects (Pty) LTD
202.	Wag Consulting
203.	World Pace Development and Training Institute
204.	Ya Hina Management Consulting and projects
205.	Zerben Management Solutions
206.	ZMG CONSULTING
207.	ZwelixolileTrading Enterprise