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: 

Demonstrate understanding of financial and accounting principles for public entities 
SAQA US ID UNIT STANDARD TITLE
120360  Demonstrate understanding of financial and accounting principles for public entities 
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 
Board members as well as officials of public entities need to be informed with regard to the relevant financial, legislative and corporate governance issues relating to these entities, to ensure effective financial decision making.

The purpose of the learning is to provide competencies (knowledge, skills and values) to board members and officials of public entities in terms of legislative requirements, financial and accounting principles, good corporate governance and managerial decision-making. Qualifying learners are able to contribute towards increasing the effectiveness of board members and service delivery of public entities in general. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that learners are competent in:
  • Communication at Level 4.
  • Accounting at Level 4. 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Interpret the appropriate legislative requirements applicable to the governing of public entities. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Public Finance Management Act and Treasury requirements are selected are relevant to a particular entity. 

    ASSESSMENT CRITERION 2 
    The requirements are applied to a selected entity to determine the level of conformity. 

    ASSESSMENT CRITERION 3 
    Decisions and recommendations are made to increase the level of compliance/conformity of the entity with the relevant regulatory and statutory requirements. 

    SPECIFIC OUTCOME 2 
    Apply good corporate governance principles in public entities. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A comparison is made between international and national trends in corporate governance highlighting important differences and similarities. 

    ASSESSMENT CRITERION 2 
    National developments are applied to the management of a public sector entity. 

    ASSESSMENT CRITERION 3 
    The way in which the application of corporate governance requirements facilitates responsible and ethical behaviour is described using examples from specific entities. 

    SPECIFIC OUTCOME 3 
    Obtain knowledge on the financial and accounting principles necessary to evaluate financial and accounting issues of the specific public entity. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The basic accounting principles, required by public entities are used to comment on financial statements. 

    ASSESSMENT CRITERION 2 
    The accounting cycle is described with special emphasis on the implementation of accounting controls during the cycle. 

    ASSESSMENT CRITERION 3 
    Budgets and management plans are evaluated using essential criteria. 

    ASSESSMENT CRITERION 4 
    The evaluation of the budget and management plans are communicated to stakeholders in appropriate written format. 

    SPECIFIC OUTCOME 4 
    Examine the critical performance indicators and analyse and interpret the public entity's financial statements and reports using critical performance indicators. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Changing circumstances within the public entity are reacted to responsibly and creatively using the above. 

    ASSESSMENT CRITERION 2 
    Plans to improve management accounting situations in the public entity and community environments are proposed. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Council on Higher Education will be the assessors of this standard. Lecturers will conduct the internal and external moderation.
  • External moderators will be selected from practitioners in the sector. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Legislative requirements referring to the Public Finance Management Act and the Treasury regulations.
  • Corporate governance as required in the South African Public Entity context with specific reference to principles and Audit Committees.
  • Financial and accounting principles in terms of Generally Accepted Accounting Principles and other relevant guidelines referring to financial planning, management and control.
  • Managerial decision making based on critical analysis and interpretation of financial statements and reports. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Recognise and solve problems relating to their operational level, creatively to maximise productivity responsibly. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with other members of a board and organisation and contribute to the group output fields as demonstrated during group sessions and practical work. 

    UNIT STANDARD CCFO ORGANISING 
    Develop the necessary competencies to manage and organise their own activities and responsibilities effectively. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and evaluate operational information at the appropriate level. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using language skills in a written medium. 

    UNIT STANDARD CCFO DEMONSTRATING 
  • Show responsibility towards others and the environment by demonstrating willingness to comply with applicable legislation.
  • Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation. 

  • UNIT STANDARD CCFO CONTRIBUTING 
  • Participate as responsible citizens in the life of local, national and global communities.
  • Be culturally sensitive across a range of social contexts. 

  • 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  64670   National Certificate: Public Financial Oversight and Accountability  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  PSETA 
    Elective  57824   Further Education and Training Certificate: Public Administration  Level 4  NQF Level 04  Reregistered  2023-06-30  PSETA 
    Elective  50205   National Certificate: Municipal Integrated Development Planning  Level 5  Level TBA: Pre-2009 was L5  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. 1LeadRoot (Pty) Ltd 
    2. Abinet Training & Development 
    3. Acorser Corporate and Business Consulting Cc 
    4. Akhona Skills Fountain and Trading 
    5. All Sorts 108 Skills Development PTY (Ltd) 
    6. Amandla Obunye Training Academy 
    7. Amathuba Learning and Training Centre 
    8. Amber Tower Training 
    9. Anesu Ka Mpho (Pty) Ltd 
    10. ARMS - Audit & Risk Management Solutions 
    11. ATTI Polokwane 
    12. Aubrey Nyiko Business Enterprises 
    13. Bantubanye Skills 
    14. Basileia Strategies (Pty) Ltd 
    15. Bells Technical College 
    16. Boland TVET College 
    17. Bona Business Solutions (PTY) LTD 
    18. Bono Skills Development (PTY) Ltd 
    19. Bonstev Consulting and Projects (Pty) Ltd 
    20. Broadmind Leadership Development and Training (Pty) Ltd 
    21. Cale Developments 
    22. Centre for Africa Capacity Building and Development (Pty) Ltd 
    23. Century Business Academy 
    24. Chartered Institute of Management (Pty) Ltd 
    25. College of Cape Town 
    26. Conglomerates Institute (Pty) Ltd 
    27. D and D Lwazi Renaissance Research Development Institute 
    28. Destiny Management Consultants (Pty) Ltd 
    29. Development Bank of Southern Africa (DBSA) 
    30. Ditseko Training and Development Services CC 
    31. DotCentre Business Consulting 
    32. Dzindalo Consulting (Pty) Ltd 
    33. E-Login Business Institute (Pty) Ltd 
    34. Edutel Public Service Company 
    35. Elective Training Institute Enterprise CC 
    36. Equity Training and Consulting 
    37. Eskilz College (Pty) Ltd 
    38. Excellent Minds Institute (Pty) Ltd 
    39. Extribyte (Pty) Ltd 
    40. Fachs Business Consulting and Training 
    41. Falcon Business Institute 
    42. Faranang Marketing 
    43. Finweb Business Consultancy (Pty) Ltd 
    44. Fort Hare Trading Solutions (Pty) Ltd 
    45. Free State Training and Development Institute 
    46. Gatyana Training Academy (Pty) Ltd 
    47. Genvio cc 
    48. Glere Skills and Consultants 
    49. Glicam Trading Enterprise 
    50. Global Steel Merchants (Pty) Ltd 
    51. GOBELA CONSULTING 
    52. Harvestine Investments (Pty) Ltd 
    53. Harvitex cc 
    54. HDPSA GROUP (PTY) LTD 
    55. Higherway Institute of Learning (Pty) Ltd 
    56. Hlombe and Associates 
    57. IALE School of Advanced Learning Education 
    58. ICM t/a Institute for Career Management 
    59. iCollege 
    60. Imani Business Advisory Services (Pty) Ltd 
    61. Inafrica General Trading Pty LTD 
    62. Institute of Busines Management of Southern Africa 
    63. Integrated Corporate Skills Solution 
    64. JIT Projects 
    65. Josmap Training Institute 
    66. Kcobodo Training Centre (KTC) 
    67. Khongoloti Training Academy 
    68. KMS College 
    69. Le - Mark Training and Development Pty (Ltd) 
    70. Lead Afrika Consulting (Pty) Ltd 
    71. Learncore (Pty) Ltd 
    72. Leronsa Trading Enterprise 
    73. Letlhokoa Management Services 
    74. Lip Holding (pty) LTD 
    75. Majuba Technical Vocational Education and Training College 
    76. Makgoka Development Facilitation (PTY) Ltd. 
    77. Management College of Southern Africa (MANCOSA) 
    78. MAS SAFE SECURITY CC 
    79. Matabane Professional Accountant 
    80. Matontech Trading Enterprise 
    81. Matprodev Consulting 
    82. Maximum Development Institute 
    83. Mgwezane Training and Management cc 
    84. Milpark Education (Pty) Ltd 
    85. Mission Point Consulting 
    86. Mission Point Trading 69 
    87. MJ Mafunisa Consulting (PTY) LTD 
    88. MML Consulting CC. 
    89. MMPS Holdings 
    90. MOD - MOSH Projects and Consulting 
    91. Mohlaje Solutions (Pty) Ltd 
    92. Molly Malete Productions CC 
    93. Mowils Consultants 
    94. Mpumalanga School of Government - MPSG 
    95. MSC Education Holdings (PTY) LTD 
    96. MTK Corporate Solutions 
    97. Nare Training and Development 
    98. National Skills and Technical College 
    99. Nghunyule Investments 
    100. Nkqubela Community Developers 
    101. Orange Language Institute (Pty) Ltd 
    102. Orbit TVET College 
    103. Orchards Graduate School (Pty) Ltd 
    104. Outeniqua Leadership Institute 
    105. Pamodzi Training Services 
    106. Pebetse Training and Consulting 
    107. Performance Management Collaborative Africa (Pty) Ltd 
    108. Phunda Maria Consulting 
    109. Pioneer Business Consulting 
    110. PMA Holdings (PTY ) LTD. 
    111. PND Academy of Learning 
    112. Poshido Trading 
    113. Positive Thinking Consultants cc 
    114. Practicon Training 
    115. Prestige Leaders Consulting (Pty) Ltd 
    116. Primeserv Corporate Solutions 
    117. Prodigy Business Services 
    118. Profounder Intelligence Management Services 
    119. Prosam Consulting Group (Pty) Ltd 
    120. PTDEV (Pty) Ltd 
    121. Pulakgadi Training Consulting CC 
    122. Quintax Training and Development 
    123. Ramaja Training and Business Consultancy (Pty)Ltd 
    124. Ramazwi Security Service and Training Agency (Pty) Ltd 
    125. Rams Professional Training and Conferencing 
    126. Ratomac Trading Consultants (Pty) Ltd 
    127. Regen Institute of Leadership and Management Education 
    128. Regenesys School of Public Management 
    129. Regent Business School (Pty) Ltd t/a Regent Business School 
    130. Ribolla Learning Academy 
    131. Ritepath HR Solutions 
    132. RKM Consultancy and Trading 
    133. Saint Colonel Graduate Institute 
    134. Sampatla Procurement Solutions (Pty) Ltd 
    135. Sbongukhanyo (Pty) Ltd 
    136. Silver Streak Trading 649 CC 
    137. Sims Khula Training & Skills Development 
    138. Sisizathu Training 
    139. Skills Share Africa Institute 
    140. South African ABET Development Agency SAADA 
    141. South African Centre for Business Studies (Pty) Ltd 
    142. South African Governance and Business College 
    143. Southern African Institute of Learning 
    144. Starplex408 Pty) Ltd 
    145. Step Ahead Academy (Pty) Ltd 
    146. Striving Mind Trading 289 
    147. Synergy Corporate (Pty) Ltd 
    148. T Mabuya and Associates (Pty) Ltd 
    149. Tachfin Holdings 
    150. Talent Emporium Academy (PTY) Ltd 
    151. Tembe Service Providers 
    152. Thasha Training and Consulting 
    153. The Justice College 
    154. Thekwini FET College 
    155. Thobologo Training and Education Group (Pty) Ltd 
    156. Thubelihle Graduate Institute 
    157. Thubelihle Graduate Institute (Pty) Ltd 
    158. Thuto Lore Academy 
    159. Thuto-Boswa Education and Training Solution 
    160. Tinotel Communications 
    161. Tippinggate Business Solutions 
    162. Tloumogale Business Development & Consulting (Pty) Ltd 
    163. Trainyoucan (Pty) Ltd 
    164. Tru-ThoughtsTrading and Projects 
    165. Tshepang Consulting & Project 
    166. Tshwane Training Institute (Pty) Ltd 
    167. Ukwakhile Projects (PTY) Ltd 
    168. Umfolozi College for TVET 
    169. University of Pretoria 
    170. Vala Nge Bhetshu Human Capital Development (Pty) Ltd 
    171. Vuca Institute of Leadership Development 
    172. Vusheni Learning Academy 
    173. Weinvest Investments 



    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.