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 accounting principles and procedures in the preparation of reports and decision making 
SAQA US ID UNIT STANDARD TITLE
119350  Apply accounting principles and procedures in the preparation of reports and decision making 
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  15 
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:
  • Demonstrating an understanding of accounting principles and reporting requirements and nature of functions in the public sector
  • Using accounting techniques and approaches to process financial information
  • Applying end of period accounting procedures in the preparation of financial statements
  • Applying procedures necessary for control over cash transactions and balances
  • Utilising procedures for reporting and recording accounts receivables
  • Utilising procedures for recording and reporting on liabilities in the public sector 

  • 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 
    Demonstrate an understanding of accounting principles and reporting requirements and nature of functions in public sector. 
    OUTCOME RANGE 
    Accounting principles include but are not limited to matching, consistency, prudence, substance over form, conservatism, going concern and fair presentation, GRAP 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The public sector accounting environment is explained in the context of the public sector. 

    ASSESSMENT CRITERION 2 
    The nature of accounting principles, concepts and organisations influencing the development of accounting practice for the public sector are explained. 

    ASSESSMENT CRITERION 3 
    Appropriate accounting systems and procedures are derived and implemented in the public sector environment. 

    ASSESSMENT CRITERION 4 
    Treasury guidelines relating to accounting are explained. 

    ASSESSMENT CRITERION 5 
    Understand the importance of maintaining accounting records that are updated timely. 

    ASSESSMENT CRITERION 6 
    Understand the different financial reports to support management and decision-making in the public sector. 

    ASSESSMENT CRITERION 7 
    Understand the difference between the cash and accrual basis of accounting. 

    SPECIFIC OUTCOME 2 
    Use accounting techniques and approaches to process financial information. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The different accounting records that are necessary to process financial information are prepared. These include the general ledger, cash books, fixed asset registers and stores ledgers. 

    ASSESSMENT CRITERION 2 
    Regular reports on the financial position, financial performance and cash-flow are prepared in-year and analysed. 
    ASSESSMENT CRITERION RANGE 
    Range statement Includes but not limited to all requirements to prepare in-year reports and to analyse and interpret financial trends and ratios.
     

    ASSESSMENT CRITERION 3 
    Present information to decision-makers on the performance against the budget. 

    ASSESSMENT CRITERION 4 
    The use and role of the standard charts of accounts in the public sector is explained. 

    SPECIFIC OUTCOME 3 
    Apply end of period accounting procedures in the preparation of financial statements. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Appropriate end of period accounting procedures are used to finalise selected financial statements. 

    ASSESSMENT CRITERION 2 
    End of period transactions and events are recognized, measured and recorded in finalizing financial statements in accordance with standards applying to the public sector. 

    ASSESSMENT CRITERION 3 
    Year-end financial statements are reviewed and presented for approval to the appropriate person in the prescribed format. 

    SPECIFIC OUTCOME 4 
    Apply procedures necessary for control over cash transactions and balances. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Sound procedures for recording of cash receipts and payments are applied. 

    ASSESSMENT CRITERION 2 
    Regular reconciliations are prepared. 

    ASSESSMENT CRITERION 3 
    The principles and procedures underlying procedures of petty cash funds in the public sector are identified and explained. 

    ASSESSMENT CRITERION 4 
    Generally recognized internal controls of principles are applied in the handling of cash receipts and payments. 

    SPECIFIC OUTCOME 5 
    Utilise procedures for reporting and recording accounts receivables. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Sound procedures for issuing invoices for services rendered are applied. 

    ASSESSMENT CRITERION 2 
    Account receivable ledgers are maintained and reconciled. 

    ASSESSMENT CRITERION 3 
    An age analysis is prepared to monitor debtor payments effectively. 

    ASSESSMENT CRITERION 4 
    Collections of bad debts and reports related thereto are completed. 

    ASSESSMENT CRITERION 5 
    All legalities pertaining to the handling over of bad debt accounts are adhered to. 

    ASSESSMENT CRITERION 6 
    Discounts and interest calculations are determined for accounts receivable according to agreed payment terms. 

    SPECIFIC OUTCOME 6 
    Utilise procedures for recording and reporting on liabilities in the public sector. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Records of liabilities and their measurements are compiled and reconciled. 

    ASSESSMENT CRITERION 2 
    Interest is calculated on liable amounts 

    ASSESSMENT CRITERION 3 
    Discounts are calculated according to payment terms and conditions 


    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:
  • Accounting techniques
  • Legislation, regulatory frameworks, policies and procedures that apply to accounting in public sector finance and administration
  • Financial statements
  • GAAP 

  • 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 manage accounts effectively and according to procedures 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization or community to gather all the necessary accounting information to consolidate into financial statements and reports 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to ensure that accounting reports are completed within given timeframes 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and crtically evaluate information in order to assess any discrepancies 

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

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in ensuring that accounting systems are effectively utilized 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that problem-solving contexts relating to financial decision making do not exist in isolation 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by ensuring that all accounting practices and regulatory requirements are adhered to within the public sector finance and administration 

    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  50081   Further Education and Training Certificate: Leadership Development  Level 4  NQF Level 04  Reregistered  2023-06-30  LG SETA 
    Elective  50205   National Certificate: Municipal Integrated Development Planning  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  LG SETA 
    Elective  58395   National Certificate: Project Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  SERVICES 
    Elective  50060   National Certificate: Public Administration  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  PSETA 
    Elective  57805   National Certificate: Public Sector Employment and Skills Development Practices  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. African Global Skills Academy 
    3. Afriwealth Consulting 
    4. Akadon Trading (Pty) Ltd 
    5. Akhona Skills Fountain and Trading 
    6. All Access Holdings 
    7. All Sorts 108 Skills Development PTY (Ltd) 
    8. Almenta 240 
    9. Alpha Business Consultants 
    10. Amadube Investments CC 
    11. Amandla Obunye Training Academy 
    12. Amber Tower Training 
    13. Asiphokuhle Training and Research Institute 
    14. ATTI Polokwane 
    15. Aubrey Nyiko Business Enterprises 
    16. Avenida Training Agency (Pty) Ltd 
    17. Aviwe BDS 
    18. Bantubanye Skills 
    19. BDCE 
    20. BESO Business Empowerment Solutions CC 
    21. Bikologix Projects 
    22. Bokatoka Construction and Projects 
    23. Boland TVET College 
    24. Bono Skills Development (PTY) Ltd 
    25. BROAD MINDSET TRAINING 
    26. Broadmind Leadership Development and Training (Pty) Ltd 
    27. Bruniquel & Associates 
    28. Camblish Training Institute 
    29. CB Willemse Training 
    30. Centre for Africa Capacity Building and Development (Pty) Ltd 
    31. Century Business Academy 
    32. Change Strategies Consulting Services CC 
    33. College of Cape Town 
    34. Concepts of Sustainable Management (CSM) 
    35. Cradle Stars Trading Enterprise 
    36. Dee's Training (PTY) LTD 
    37. Development Bank of Southern Africa (DBSA) 
    38. DM Training Consultants 
    39. E-Login Business Institute (Pty) Ltd 
    40. Edutel Public Service Company 
    41. Elective Training Institute Enterprise CC 
    42. Eskilz College (Pty) Ltd 
    43. ETAMIC PTY LTD 
    44. Euro Blitz 
    45. Evers Xcellence Management Consulting 
    46. Excellent Minds Institute (Pty) Ltd 
    47. Extribyte (Pty) Ltd 
    48. Eyamalwandle (Pty) Ltd 
    49. Fachs Business Consulting and Training 
    50. Falcon Business Institute 
    51. Faranang Marketing 
    52. Fort Hare Trading Solutions (Pty) Ltd 
    53. Free State Training and Development Institute 
    54. Frugatrax Consultants 
    55. GATYANA TRAINING ACADEMY 
    56. Gatyana Training Academy (Pty) Ltd 
    57. Genvio cc 
    58. Giant Alive Services 
    59. Glere Skills and Consultants 
    60. Glicam Trading Enterprise 
    61. GOBELA CONSULTING 
    62. Hadima Training Academy 
    63. Harvitex cc 
    64. Health Science Academy 
    65. Highveld Training Academy and Business Solutions 
    66. Hlombe and Associates 
    67. i-Fundi 
    68. IALE School of Advanced Learning Education 
    69. ICM t/a Institute for Career Management 
    70. iCollege 
    71. IGKM Management Services (Pty) Ltd 
    72. Ikhaya Training and Consulting 
    73. Imperium Consulting (Pty) Ltd 
    74. Inafrica General Trading Pty LTD 
    75. Innovation Sovereigns 
    76. Innovative Technology Design 
    77. Institute of Public Affairs and Governance PTY (LTD) 
    78. Isiphephelo Consultants 
    79. Itumeleng Wellness Solutions 
    80. Izwelethu Black Diamond 
    81. JIT Projects 
    82. Johsie Enertprise 
    83. Josmap Training Institute 
    84. K Shabangu FET College 
    85. Kcobodo Training Centre (KTC) 
    86. KMS College 
    87. Le - Mark Training and Development Pty (Ltd) 
    88. Lead Afrika Consulting (Pty) Ltd 
    89. Learncore (Pty) Ltd 
    90. Letlhokoa Management Services 
    91. LETZAA Group 
    92. Lip Holding (pty) LTD 
    93. LMMM Training and Development 
    94. Lungile Mchunu Consultancy (Pty) Ltd 
    95. Lusa Social Enterprenueship Institute (PTY)LTD 
    96. Mafamawethu Consultants 
    97. Magumzane Traiding cc 
    98. Majuba Technical Vocational Education and Training College 
    99. Makana Empire 
    100. Makaota Training Consultants 
    101. Makgoka Development Facilitation (PTY) Ltd. 
    102. Mamuhle Academy 
    103. Management College of Southern Africa (MANCOSA) 
    104. MAOTOLA 
    105. Maritime Business Institute 
    106. MARS Business Consulting 
    107. MAS SAFE SECURITY CC 
    108. Matprodev Consulting 
    109. Milpark Education (Pty) Ltd 
    110. Mission Point Consulting 
    111. MJ Mafunisa Consulting (PTY) LTD 
    112. MML Consulting CC. 
    113. MOD - MOSH Projects and Consulting 
    114. Mohlaje Solutions (Pty) Ltd 
    115. Motheo Skills Entity 
    116. Mowils Consultants 
    117. MTK Corporate Solutions 
    118. MUHANGWENE DEVELOPMENT ENTERPRISE 
    119. Nalengmokoni Investors (Pty) Ltd 
    120. Nare Training and Development 
    121. New Generation Skills 
    122. Nkqubela Community Developers 
    123. Nokusho M Consulting and Trading 
    124. NokushoM Consultancy and Trading 
    125. Nonunu Projects 
    126. Nvsion Consulting 
    127. Nwedzi Consultancy 
    128. Ontoanetse Consulting 
    129. Onyx Training Support 
    130. Orbit TVET College 
    131. Outeniqua Leadership Institute 
    132. Pax Projects 
    133. Pebetse Training and Consulting 
    134. Pholo Human Capital (Pty) Ltd 
    135. Phunda Maria Consulting 
    136. Pioneer Business Consulting 
    137. PMA Holdings (PTY ) LTD. 
    138. Positive Thinking Consultants cc 
    139. Practicon Training 
    140. Primeserv Corporate Solutions 
    141. Princetop Corporative Training (Pty) Ltd 
    142. Prospen Group (Pty) Ltd 
    143. PTDEV (Pty) Ltd 
    144. Pulakgadi Training Consulting CC 
    145. Quintax Training and Development 
    146. Ramazwi Security Service and Training Agency (Pty) Ltd 
    147. Rams Professional Training and Conferencing 
    148. Rationalise Zoe Discussions 
    149. RCG Markets 
    150. Reflections Development Institute 
    151. Regen Institute of Leadership and Management Education 
    152. Regenesys School of Public Management 
    153. Regent Business School (Pty) Ltd t/a Regent Business School 
    154. Resonance Institue of Learning 
    155. Ritepath HR Solutions 
    156. Saint Colonel Graduate Institute 
    157. Shirs Vision Compleadev 
    158. Silalele Consulting CC. 
    159. Silver Streak Trading 649 CC 
    160. Sisekelo Sustainability Institute 
    161. SIZA NESU TRAINING AND DEVELOPMENT 
    162. Skills Development Professionals Pty Ltd 
    163. Skills Share Africa Institute 
    164. South Africa School of Diplomacy, Protocol and Public Administration 
    165. South African ABET Development Agency SAADA 
    166. South African Corporate Training Association 
    167. South African Governance and Business College 
    168. South West Gauteng College - Molapo Campus 
    169. Southern African Institute of Learning 
    170. STARPLEX 408 CC 
    171. Step Ahead Academy (Pty) Ltd 
    172. Tachfin Holdings 
    173. Talent Centre Training 
    174. Talent Emporium Academy (PTY) Ltd 
    175. Talent Stream 
    176. Tasc Business Consulting and Training 
    177. TCNS Resources (PTY) Ltd 
    178. Tembe Service Providers 
    179. Thasha Training and Consulting 
    180. The Crimson CO CC. 
    181. The Finishing College 
    182. The Finishing College (Pty) Ltd 
    183. The Iscariota Group 
    184. Thinking Mind Trading 
    185. Thobologo Training and Education Group (Pty) Ltd 
    186. Thubelihle Graduate Institute 
    187. Thubelihle Graduate Institute (Pty) Ltd 
    188. Thuto-Boswa Education and Training Solution 
    189. Tloumogale Business Development & Consulting 
    190. Tonex Management Solutions (Pty) Ltd 
    191. Tradesman Consulting and Training Solutions 
    192. TRAINING YOUNG MINDS 
    193. Transafric Consulting Pty Ltd 
    194. Tru-ThoughtsTrading and Projects 
    195. Tshamutengu General Trading 
    196. Tshepang Consulting & Project 
    197. Tshwane Training Institute (PTY) LTD. 
    198. Tummo Development Enterprise 
    199. TWINMARK STRATEGY AND MANAGEMENT CONSULTANTS 
    200. Ubuqhawe Consulting (Pty) Ltd 
    201. Ukwakhile Projects (PTY) Ltd 
    202. Umfolozi College for TVET 
    203. Umfolozi FET College 
    204. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    205. University of Pretoria 
    206. Vala Nge Bhetshu Human Capital Development (Pty) Ltd 
    207. VARGASOL TRAINING INSTITUTE 
    208. Vibra Skills CC. 
    209. Vicmat Consultants 
    210. Vumilia Africa Group 
    211. Vusheni Learning Academy 
    212. Wasteng (PTY) Ltd 
    213. WEINVEST INVESTMENT CC 
    214. Weinvest Investments 
    215. World Pace Development and Training Institute 
    216. Your Human Resources Solutions 
    217. Ziyana Business Consulting and Training (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.