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. African Global Skills Academy 
    2. Afriwealth Consulting 
    3. AfroXpert Performance Developement cc 
    4. Akadon Trading (Pty) Ltd 
    5. Almenta 240 
    6. Altimax (Pty) Ltd 
    7. Amadube Investments CC 
    8. Aviwe BDS 
    9. BDCE 
    10. Bikologix Projects 
    11. Bokatoka Construction and Projects 
    12. BROAD MINDSET TRAINING 
    13. Buena Vista Learning Academy 
    14. Camblish Training Institute 
    15. CB Willemse Training 
    16. Change Strategies Consulting Services CC 
    17. Concepts of Sustainable Management (CSM) 
    18. Cradle Stars Trading Enterprise 
    19. Dee's Training (PTY) LTD 
    20. Development Bank of Southern Africa (DBSA) 
    21. DITEBOGO CONSULTANCY CC 
    22. DM Training Consultants 
    23. Eskilz College (Pty) Ltd 
    24. ETAMIC PTY LTD 
    25. Euro Blitz 
    26. Evers Xcellence Management Consulting 
    27. Excellent Minds Institute (Pty) Ltd 
    28. Faranang Marketing 
    29. Fire Protection Association of Southern Africa 
    30. GATYANA TRAINING ACADEMY 
    31. GOBELA CONSULTING 
    32. Growth Management Consulting 
    33. Hadima Training Academy 
    34. Hlombe and Associates 
    35. i-Fundi 
    36. IALE School of Advanced Learning Education 
    37. ICM t/a Institute for Career Management 
    38. IGKM Management Services (Pty) Ltd 
    39. Inafrica General Trading Pty LTD 
    40. Isiphephelo Consultants 
    41. Izwelethu Black Diamond 
    42. Josmap Training Institute 
    43. KAGISHO BUSINESS CONCEPTS (Pty) LTD 
    44. KOKANO PROJECTS PTY LTD 
    45. LETZAA Group 
    46. Lip Holding (pty) LTD 
    47. LMMM Training and Development 
    48. Mafamawethu Consultants 
    49. Magumzane Traiding cc 
    50. Makana Empire 
    51. Makaota Training Consultants 
    52. Mamuhle Academy 
    53. Management College of Southern Africa (MANCOSA) 
    54. MAOTOLA 
    55. Maritime Business Institute 
    56. MARS Business Consulting 
    57. MATEPE INVESTMENTS (PTY) LTD 
    58. MML Consulting CC. 
    59. Mortarboard Training Solutions 
    60. Motheo Skills Entity 
    61. MTK Corporate Solutions 
    62. MUHANGWENE DEVELOPMENT ENTERPRISE 
    63. Nalengmokoni Investors (Pty) Ltd 
    64. Networx for Career Development 
    65. New Generation Skills 
    66. Nkqubela Community Developers 
    67. Nokusho M Consulting and Trading 
    68. Nvsion Consulting 
    69. Nwedzi Consultancy 
    70. Ontoanetse Consulting 
    71. Onyx Training Support 
    72. Pachi Global Foundation 
    73. Pax Projects 
    74. Pebetse Training and Consulting 
    75. Pioneer Business Consulting 
    76. PMA Holdings (PTY ) LTD. 
    77. Princetop Corporative Training (Pty) Ltd 
    78. PTDEV (Pty) Ltd 
    79. Pulakgadi Training Consulting CC 
    80. RCG Markets 
    81. Regent Business School (Pty) Ltd t/a Regent Business School 
    82. Resonance Institue of Learning 
    83. Shirs Vision Compleadev 
    84. Silalele Consulting CC. 
    85. Sisekelo Sustainability Institute 
    86. SIZA NESU TRAINING AND DEVELOPMENT 
    87. Skills Development Professionals Pty Ltd 
    88. South African ABET Development Agency SAADA 
    89. South African Corporate Training Association 
    90. South African Governance and Business College 
    91. South West Gauteng College - Molapo Campus 
    92. STARPLEX 408 CC 
    93. Tachfin Holdings 
    94. Talent Centre Training 
    95. Talent Emporium Academy (PTY) Ltd 
    96. Talent Stream 
    97. Tasc Business Consulting and Training 
    98. Tembe Service Providers 
    99. The Crimson CO CC. 
    100. The Finishing College 
    101. Thinking Mind Trading 
    102. Thuto-Boswa Education and Training Solution 
    103. Tloumogale Business Development & Consulting 
    104. TRAINING YOUNG MINDS 
    105. Transafric Consulting Pty Ltd 
    106. Tshamutengu General Trading 
    107. Tshepang Consulting & Project 
    108. Tshwane Training Institute (PTY) LTD. 
    109. TWINMARK STRATEGY AND MANAGEMENT CONSULTANTS 
    110. Umfolozi FET College 
    111. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    112. VARGASOL TRAINING INSTITUTE 
    113. Vibra Skills CC. 
    114. Vicmat Consultants 
    115. WEINVEST INVESTMENT CC 
    116. Your Human Resources Solutions 



    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.