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: 

Prepare and analyse municipal financial reports 
SAQA US ID UNIT STANDARD TITLE
116363  Prepare and analyse municipal financial reports 
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 6  Level TBA: Pre-2009 was L6  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 
This Unit Standard is for all people involved in Financial Management in a municipality. People credited with this Unit Standard are able to:
  • Select, measure, recognise, classify, and report on financial information after taking into account relevant financial reporting standards, as well as legislative requirements.
  • Contribute to municipal financial reporting. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the Learners are competent in:
  • Communication at NQF Level 4
  • Mathematical Literacy at Level 4.
  • Accountancy at Level 4. 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Select measure, record, classify and report financial data in accordance with current financial reporting standards. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The background and purpose of a financial reporting standard is commented on in line with the principles of municipal financial reporting. 

    ASSESSMENT CRITERION 2 
    The components of the statement of financial position are defined, measured, classified and disclosed in accordance with acceptable local and international public sector accounting standards. 

    ASSESSMENT CRITERION 3 
    The components of the statement of financial performance are defined, measured, classified, and disclosed in accordance with internationally accepted publics sector accounting procedures. 

    ASSESSMENT CRITERION 4 
    The concepts of the different types of capital maintenance are applied in line with generally recognised accounting practice. 

    SPECIFIC OUTCOME 2 
    Prepare and comment on financial reports for different forms of municipal entities. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Consequential differences in the reporting of equity of municipal entities is recognised in the preparation of consolidated financial statements. 

    SPECIFIC OUTCOME 3 
    Apply and comment on statements of generally recognised accounting practice. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concepts of the different types of capital maintenance are applied in line with international public sector accounting standards. 

    ASSESSMENT CRITERION 2 
    The appropriate method of current value accounting is used in preparation and presentation of supplementary financial statements in line with international public sector accounting standards. 

    SPECIFIC OUTCOME 4 
    Analyse and interpret financial statements for stakeholders. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Ratios relevant to the determination of liquidity, profitability, activity and long-term solvency are calculated and advised on from a set of financial statement. 

    ASSESSMENT CRITERION 2 
    Different users of municipal financial statements are identified and their information needs presented and explained to inform financial reporting system. 

    ASSESSMENT CRITERION 3 
    Limitations of published financial information are recognised with reference to improving operating capability of a municipality. 

    ASSESSMENT CRITERION 4 
    Results of an analysis of profitability and solvency risks are interpreted in the assessment of financial health of a municipality. 

    ASSESSMENT CRITERION 5 
    Multivariate financial analysis are carried out and communicated to appropriate users of municipal financial statements. 

    ASSESSMENT CRITERION 6 
    Ratios relevant to the determination of liquidity, profitability, activity and long-term solvency are calculated and advised on from a set of financial statement. 

    ASSESSMENT CRITERION 7 
    The financial performance report is prepared to enable an analysis of the overall financial state of a municipality within the framework of financial reporting. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Nature of accounting data
  • Objectives of financial reporting
  • Different bases of measurement
  • International public sector accounting standards
  • National Treasury regulations
  • Municipal finance management legislation 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using critical and creative thinking processes, e.g. by implement effective risk management and accounting practices. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community, e.g. through assuring that al roles players are committed to meeting the required reporting standards. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively, e.g. through the demonstration of ethical and moral principles in all reporting processes. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information, e.g. through assuring accuracy in all reporting documents. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and / or language skills in the modes of oral and/or written persuasion, e.g. through contributing to discussions on ways of minimizing risks and improving financial reporting procedures. 

    UNIT STANDARD CCFO SCIENCE 
    Use Science and technology effectively and critically, showing responsibility to the environment and health of others, e.g. use appropriate computer software for mathematical computation, planning, data capturing and document storage purposes. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that problem-solving contexts do not exist in isolation, e.g. in keeping in mind that best practice financial reporting effects the financial sustainability of not only the municipality but the country as a whole. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities, e.g. acting as custodian of ethical behaviour and maintaining a high level of commitment to providing effective reporting procedures. 

    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  48965   Certificate: Municipal Financial Management  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  LG SETA 
    Elective  67467   National Certificate: Municipal Governance  Level 5  NQF Level 05  Reregistered  2023-06-30  As per Learning Programmes recorded against this Qual 


    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. About Survival Consulting Agency 
    2. Afriwealth Consulting 
    3. AfroXpert Performance Developement cc 
    4. Altimax (Pty) Ltd 
    5. Amadube Investments CC 
    6. Bikologix Projects 
    7. Bokatoka Construction and Projects 
    8. Buena Vista Learning Academy 
    9. Change Strategies Consulting Services CC 
    10. Concepts of Sustainable Management (CSM) 
    11. Cradle Stars Trading Enterprise 
    12. CTAM Training and Consulting 
    13. Development Bank of Southern Africa (DBSA) 
    14. DITEBOGO CONSULTANCY CC 
    15. Eagle Greek Inverstment T/A Mollo consulting 
    16. Elvis Koena Consulting (Pty) Ltd 
    17. Eskilz College (Pty) Ltd 
    18. ETAMIC PTY LTD 
    19. Ethembeni Multi Service Enterprise (Pty) Ltd 
    20. Excellent Minds Institute (Pty) Ltd 
    21. GATYANA TRAINING ACADEMY 
    22. GOBELA CONSULTING 
    23. Growth Management Consulting 
    24. HDPSA 
    25. Hlombe and Associates 
    26. IGKM Management Services (Pty) Ltd 
    27. Inafrica General Trading Pty LTD 
    28. Institute For Performance Management 
    29. Isiphephelo Consultants 
    30. Jabukile Consultancy 
    31. Josmap Training Institute 
    32. KAGISHO BUSINESS CONCEPTS (Pty) LTD 
    33. KOKANO PROJECTS PTY LTD 
    34. Kuyakhula Development Initiatives 
    35. Lekoko Consulting (PTY) LTD 
    36. Londimvelo Consultants 
    37. Magumzane Traiding cc 
    38. Mahayi HRD Services cc 
    39. Mahloko Training, Auditing Services and other Projects 
    40. Makaota Training Consultants 
    41. Mamuhle Academy 
    42. Management College of Southern Africa (MANCOSA) 
    43. Maritime Business Institute 
    44. MARS Business Consulting 
    45. MATEPE INVESTMENTS (PTY) LTD 
    46. Matsila Holdings 
    47. Mbedvula Trust 
    48. Mcebo Technologies 
    49. Melatrend Management Consulting 
    50. MML Consulting CC. 
    51. Mortarboard Training Solutions 
    52. Motheo Skills Entity 
    53. MTK Corporate Solutions 
    54. MUHANGWENE DEVELOPMENT ENTERPRISE 
    55. Nalengmokoni Investors (Pty) Ltd 
    56. Nkqubela Community Developers 
    57. Nvsion Consulting 
    58. Pachi Global Foundation 
    59. Pebetse Training and Consulting 
    60. Pioneer Business Consulting 
    61. PMA Holdings (PTY ) LTD. 
    62. Princetop Corporative Training (Pty) Ltd 
    63. Progressive School of Business and Engineering (Pty) 
    64. PTDEV (Pty) Ltd 
    65. RCG Markets 
    66. Regenesys Management (Pty) Ltd 
    67. Regent Business School (Pty) Ltd t/a Regent Business School 
    68. Resonance Institue of Learning 
    69. Sebenzisanane Human Capital 
    70. Silalele Consulting CC. 
    71. SIZA NESU TRAINING AND DEVELOPMENT 
    72. South African Corporate Training Association 
    73. STARPLEX 408 CC 
    74. Tachfin Holdings 
    75. Talent Centre Training 
    76. Talent Emporium Academy (PTY) Ltd 
    77. Talent Sculpture 
    78. Tasc Business Consulting and Training 
    79. The Crimson CO CC. 
    80. Thinking Mind Trading 
    81. Thuto-Boswa Education and Training Solution 
    82. Tloumogale Business Development & Consulting 
    83. Tovani Traiding 299 
    84. Transafric Consulting Pty Ltd 
    85. Tshepang Consulting & Project 
    86. Tshwane Training Institute (PTY) LTD. 
    87. TWINMARK STRATEGY AND MANAGEMENT CONSULTANTS 
    88. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    89. VEZOKUHLE YOUTH DEVELOPMENT PROJECT 
    90. Vibra Skills CC. 
    91. Vicmat Consultants 
    92. Vision Africa Training Institute 
    93. WEINVEST INVESTMENT CC 
    94. Ziya Investment Holdings Pty Ltd 



    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.