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: 

Apply selected GRAP (Generally Recognised Accounting Practices) to periodic accounting reporting process 
SAQA US ID UNIT STANDARD TITLE
119348  Apply selected GRAP (Generally Recognised Accounting Practices) to periodic accounting reporting process 
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 
Learners working towards this standard will be working within a Public Sector environment, specialising in Public Finance Management and Administration, where the acquisition of competence against this standard will add value to one's job. This standard will also add value to public officials who are seeking to develop a career pathway towards becoming an accomplished public finance management and administration specialist.

The qualifying learner is capable of:
  • Defining and applying GRAP in the context of public finance and administration
  • Defining a conceptual framework for accounting reporting
  • Defining measurement criteria for determining financial position and performance
  • Identifying financial reports and identifying and resolving discrepancies 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this Unit Standard must be in possession of a Further Education and Training Certificate or equivalent qualification 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain and apply the conceptual framework underlying GRAP. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Overall objectives of public sector financial reporting are explained with reference to specific information needs of stakeholders. 

    ASSESSMENT CRITERION 2 
    The elements of public sector financial statements relating to the measurement of financial positions are identified and applied. 

    ASSESSMENT CRITERION 3 
    The elements of public sector financial statements relating to measurement of financial performance are identified and applied in the preparation of annual statements. 

    ASSESSMENT CRITERION 4 
    The elements of public sector financial statements relating to cash flow are identified and applied in the preparation of financial reports. 

    ASSESSMENT CRITERION 5 
    The need for conceptual framework and standard of financial reporting for the public sector organisation is clearly understood and applied. 

    ASSESSMENT CRITERION 6 
    Qualitative characteristics of financial information are identified and explained with reference to measurement issues. 

    SPECIFIC OUTCOME 2 
    Present separate periodic financial statements in accordance with GRAP. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The statement of changes in net assets is presented. 

    ASSESSMENT CRITERION 2 
    The statement of financial position is presented. 

    ASSESSMENT CRITERION 3 
    The statement of financial performance is presented. 

    ASSESSMENT CRITERION 4 
    The statement of changes in net assets is presented. 

    ASSESSMENT CRITERION 5 
    The statement of cash flow is presented. 

    ASSESSMENT CRITERION 6 
    The notes in support of financial statements are presented. 

    ASSESSMENT CRITERION 7 
    Recognition and measurement criteria are understood and applied. 

    SPECIFIC OUTCOME 3 
    Explain selected statutory provisions related to financial reporting. 
    OUTCOME RANGE 
    Statutory provisions include but are not limited to various legislation instruments impacting on the Public Finance Management Act 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The public financial management act disclosure requirements are identified and explained in the presentation of financial statements. 

    ASSESSMENT CRITERION 2 
    The treasury guidelines relating to financial reporting are explained in the presentation of financial statements. 

    ASSESSMENT CRITERION 3 
    The Municipal Financial Management Act disclosure requirements relating to financial reporting is explained in the presentation of financial statements, including annual reporting. 

    SPECIFIC OUTCOME 4 
    Analyse and interpret financial statements. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The financial position and performance disclosed in financial statements are analysed. 

    ASSESSMENT CRITERION 2 
    The financial position and performance disclosed in separate financial statements are interpreted. 

    ASSESSMENT CRITERION 3 
    The cash-flow disclosed in financial statements is analysed. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. Any 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.
    2. 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.
    3. 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.
    4. Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The learner must demonstrate an understanding of:
  • Public sector policies and procedures relating to financial reporting
  • Public Finance management Act
  • Measurement tools for benchmarking financial performance
  • GRAP
  • GAAP
  • Defining conceptual frameworks for accounting reporting
  • Financial management techniques in respect of accounting reporting 

  • 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 to define conceptual frameworks for financial reporting 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization or community to brainstorm ideas and concepts pertaining to accounting reporting frameworks and processes 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to ensure accounting reporting is expediently completed 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and crtically evaluate information in order to evaluate accounting reports 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to convey information pertaining to accounting reports 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in ensuring that reporting systems are managed in an integrated and secure manner 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that accounting reporting problem solving contexts do not exist in isolation and form part of a regulatory framework within the public sector 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by ensuring that reports are completed according to GRAP. 

    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  49554   National Diploma: Public Finance Management and Administration  Level 5  NQF Level 05  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. Acorser Corporate and Business Consulting Cc 
    2. Afriwealth Consulting 
    3. Akadon Trading (Pty) Ltd 
    4. Akhona Skills Fountain and Trading 
    5. All Access Holdings 
    6. All Sorts 108 Skills Development PTY (Ltd) 
    7. Alpha Business Consultants 
    8. Amber Tower Training 
    9. ATTI Polokwane 
    10. Aubrey Nyiko Business Enterprises 
    11. Bantubanye Skills 
    12. BESO Business Empowerment Solutions CC 
    13. Bikologix Projects 
    14. Bokatoka Construction and Projects 
    15. Bono Skills Development (PTY) Ltd 
    16. Broadmind Leadership Development and Training (Pty) Ltd 
    17. Cale Developments 
    18. Centre for Africa Capacity Building and Development (Pty) Ltd 
    19. Century Business Academy 
    20. Change Strategies Consulting Services CC 
    21. College of Cape Town 
    22. Concepts of Sustainable Management (CSM) 
    23. Cradle Stars Trading Enterprise 
    24. Development Bank of Southern Africa (DBSA) 
    25. E-Login Business Institute (Pty) Ltd 
    26. Elective Training Institute Enterprise CC 
    27. Eskilz College (Pty) Ltd 
    28. ETAMIC PTY LTD 
    29. Excellent Minds Institute (Pty) Ltd 
    30. Extribyte (Pty) Ltd 
    31. Fachs Business Consulting and Training 
    32. Falcon Business Institute 
    33. Falcon Business Institute (PTY 
    34. Finweb Business Consultancy (Pty) Ltd 
    35. Fort Hare Trading Solutions (Pty) Ltd 
    36. Free State Training and Development Institute 
    37. GATYANA TRAINING ACADEMY 
    38. Gatyana Training Academy (Pty) Ltd 
    39. Genvio cc 
    40. Giant Alive Services 
    41. Glere Skills and Consultants 
    42. GOBELA CONSULTING 
    43. Hadima Training Academy 
    44. Harvitex cc 
    45. Health Science Academy 
    46. Hlombe and Associates 
    47. iCollege 
    48. IGKM Management Services (Pty) Ltd 
    49. Ikhaya Training and Consulting 
    50. Inafrica General Trading Pty LTD 
    51. Institute of Public Affairs and Governance PTY (LTD) 
    52. Isiphephelo Consultants 
    53. Itumeleng Wellness Solutions 
    54. Johsie Enertprise 
    55. Josmap Training Institute 
    56. Kcobodo Training Centre (KTC) 
    57. KMS College 
    58. Le - Mark Training and Development Pty (Ltd) 
    59. Lead Afrika Consulting (Pty) Ltd 
    60. Letlhokoa Management Services 
    61. LMMM Training and Development 
    62. Mafamawethu Consultants 
    63. Majuba Technical Vocational Education and Training College 
    64. Makgoka Development Facilitation (PTY) Ltd. 
    65. Mamuhle Academy 
    66. Management College of Southern Africa (MANCOSA) 
    67. Maritime Business Institute 
    68. MARS Business Consulting 
    69. MAS SAFE SECURITY CC 
    70. Matprodev Consulting 
    71. Milpark Education (Pty) Ltd 
    72. Mission Point Consulting 
    73. MJ Mafunisa Consulting (PTY) LTD 
    74. MML Consulting CC. 
    75. MOD - MOSH Projects and Consulting 
    76. Motheo Skills Entity 
    77. Mowils Consultants 
    78. MTK Corporate Solutions 
    79. MUHANGWENE DEVELOPMENT ENTERPRISE 
    80. Nalengmokoni Investors (Pty) Ltd 
    81. Nare Training and Development 
    82. Nkqubela Community Developers 
    83. Nonunu Projects 
    84. Nvsion Consulting 
    85. Onyx Training Support 
    86. Orbit TVET College 
    87. Outeniqua Leadership Institute 
    88. Pebetse Training and Consulting 
    89. Phunda Maria Consulting 
    90. Pioneer Business Consulting 
    91. PMA Holdings (PTY ) LTD. 
    92. Positive Thinking Consultants cc 
    93. Practicon Training 
    94. Primeserv Corporate Solutions 
    95. Princetop Corporative Training (Pty) Ltd 
    96. Progressive School of Business and Engineering (Pty) 
    97. Prospen Group (Pty) Ltd 
    98. PTDEV (Pty) Ltd 
    99. Pulakgadi Training Consulting CC 
    100. Quintax Training and Development 
    101. Ramazwi Security Service and Training Agency (Pty) Ltd 
    102. Rams Professional Training and Conferencing 
    103. RCG Markets 
    104. Reflections Development Institute 
    105. Regen Institute of Leadership and Management Education 
    106. Regenesys School of Public Management 
    107. Regent Business School (Pty) Ltd t/a Regent Business School 
    108. Resonance Institue of Learning 
    109. Ritepath HR Solutions 
    110. Saint Colonel Graduate Institute 
    111. Silalele Consulting CC. 
    112. Silver Streak Trading 649 CC 
    113. SIZA NESU TRAINING AND DEVELOPMENT 
    114. Skills Share Africa Institute 
    115. South African Corporate Training Association 
    116. Southern African Institute of Learning 
    117. Step Ahead Academy (Pty) Ltd 
    118. Tachfin Holdings 
    119. Talent Centre Training 
    120. Talent Emporium Academy (PTY) Ltd 
    121. Tasc Business Consulting and Training 
    122. TCNS Resources (PTY) Ltd 
    123. Thasha Training and Consulting 
    124. The Crimson CO CC. 
    125. The National School of Government 
    126. Thinking Mind Trading 
    127. Thobologo Training and Education Group (Pty) Ltd 
    128. Thubelihle Graduate Institute 
    129. Thuto-Boswa Education and Training Solution 
    130. Tloumogale Business Development & Consulting 
    131. Trainyoucan (Pty) Ltd 
    132. Transafric Consulting Pty Ltd 
    133. Tshepang Consulting & Project 
    134. Tsoelopele Leadership Consulting (Pty) Ltd 
    135. Tummo Development Enterprise 
    136. TWINMARK STRATEGY AND MANAGEMENT CONSULTANTS 
    137. Ubuqhawe Consulting (Pty) Ltd 
    138. Ukwakhile Projects (PTY) Ltd 
    139. Umfolozi College for TVET 
    140. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    141. University of Pretoria 
    142. Vala Nge Bhetshu Human Capital Development (Pty) Ltd 
    143. Vibra Skills CC. 
    144. Vicmat Consultants 
    145. Vumilia Africa Group 
    146. Vusheni Learning Academy 
    147. Wasteng (PTY) Ltd 
    148. WEINVEST INVESTMENT CC 
    149. Weinvest Investments 
    150. World Pace Development and Training Institute 



    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.