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 THAT HAS PASSED THE END DATE: 

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
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

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  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  PSETA 
    Elective  57824   Further Education and Training Certificate: Public Administration  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  PSETA 
    Elective  50205   National Certificate: Municipal Integrated Development Planning  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  LG SETA 
    Elective  50060   National Certificate: Public Administration  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "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. A.S.A.P Training And Consulting 
    2. Aba Sebenzi 
    3. Africa Institute For Public Administration 
    4. Africa Mayibuye Leadership 
    5. African Khalom Holdings 
    6. Afriwealth Consulting 
    7. Akili Training 
    8. All Access Holdings 
    9. Amabamba Recruitment 
    10. Amadi Institute of Management And Technology (Pty) Ltd 
    11. Amandla Obunye Training Academy 
    12. Amangile Academy (Pty) Ltd 
    13. Amaqamu Project Management and Consulting 
    14. Asiphokuhle Training And Research Institute 
    15. AURECON TRAINING ACADEMY 
    16. Avax Sa 481 Cc. T/A Mandisa Development Services 
    17. Avenida (Pty) Ltd 
    18. Bakgatla Municipal Solutions 
    19. Bantubanye Skills 
    20. Baobab Consulting And Training 
    21. Basiea Development And Training 
    22. Belgravia Institute Of Mangement (Pty) Ltd 
    23. Bendle Training And Projects 
    24. Bendrew Trading 
    25. Bettes - Types Trading And Projects 
    26. Boikgantsho Consulting & Events 
    27. Bokamoso Competence (Pty) Ltd 
    28. Bonolo Training Institute 
    29. Botlhale Business Consulting 
    30. Break The Chains Development Services 
    31. Bright Ideas Training 
    32. Brightstone Academy 
    33. Brilliant Affairs (PTY) Ltd 
    34. Bulwa Minerals Pty Ltd 
    35. Cale Developments 
    36. Camblish Training Institute (Pty) Ltd 
    37. Capricon Training Consultants cc 
    38. Ccg Systems 
    39. Central Bridge Trading 109 
    40. Central University of Technology, Free State 
    41. City Of Tshwane Metro - Premos 
    42. Classic Human Capital Solutions 
    43. Constructive Asset Development (Pty) Ltd 
    44. Cradle Stars Trading Enterprise 
    45. Cymbol Consulting(Pty) Ltd. 
    46. Danearl (Pty) Ltd 
    47. DC Academy 
    48. Destiny Management Consultants (Pty) Ltd 
    49. Development Bank Of Southern Africa (Dbsa) 
    50. Dimension Development Network 
    51. Ditirelo Skills Development Services 
    52. DM Management & Consulting 
    53. DotCentre Business Consulting 
    54. E-Login Business Institute (Pty) Ltd 
    55. Edtisa Education And Development Training Institute Of South Africa 
    56. Edutel Public Service Company 
    57. Edutraining Business College 
    58. Elangeni Consulting 
    59. Elangeni Consulting (PTY) LTD 
    60. Elective Training Institute Enterprise Cc 
    61. Escon 
    62. Eskilz College (Pty) Ltd 
    63. Ethekwini Corporate And Human Resources Skills Development Unit 
    64. Ethekwini Fire And Disaster Management Services 
    65. Ethembeni Multi Service Enterprise (Pty) Ltd 
    66. Express Model 405 
    67. Fachs Business Consulting and Training 
    68. Falcon Business Institute 
    69. Falcon Business Institute (Pty) Ltd 
    70. Faranang Marketing 
    71. Finito Training And Consultancy 
    72. Fort Hare Trading Solutions (Pty) Ltd 
    73. Free State Training and Development Institute 
    74. Gauteng City College 
    75. Genvio (Pty) Ltd 
    76. Giamanje Tvet College 
    77. Glere Skills And Consultants 
    78. Gleyding Management Institute (Pty) Ltd 
    79. Global Steel Merchants (Pty) Ltd 
    80. GOBELA CONSULTING 
    81. Growth Management Consulting 
    82. Gudlhuza Development Solutions Cc 
    83. Hanyeleni Business Enterprise 
    84. Harvestine Investments (Pty) Ltd 
    85. Harvitex cc 
    86. HDPSA 
    87. Hercuscope 
    88. Hlekabo Trading Enterprise 
    89. Hlombe And Associates 
    90. Htb Consulting 
    91. Iale School Of Advanced Learning Education 
    92. ICM t/a Institute for Career Management 
    93. Iklwa Contractors 
    94. Ilitha Lelizwe Consulting 
    95. Imithente Development Holdings 
    96. Inafrica General Trading Pty Ltd 
    97. Inkcubeko Yakwantu Trading 
    98. Innercity Training Institute (Pty) Ltd 
    99. Institute For Built Environment & Psycho Socio Intervention 
    100. Institute For Local Government And Housing 
    101. Institute of Busines Management of Southern Africa 
    102. Integrated Corporate Skills Solution 
    103. Inzalo Enterprise Management Systems (Pty) Ltd 
    104. Izazi Training Solutions 
    105. Jeppe College of Commerce and Computer Studies 
    106. Jit Projects 
    107. Jobafrik Consulting 
    108. Josmap Training Institute 
    109. K-Leng Touch, Events And Skills Development 
    110. Kadimo Consulting Cc. 
    111. Kamanga Skills Projects 
    112. Keetileafrika Training Institute 
    113. Kgaka Kgolo Institute 
    114. Kgang-Kgolo Consulting 
    115. Kgotla Trading Enterprise 
    116. Khatheo Trading And Projects (Pty) Ltd 
    117. Khongoloti Training Academy 
    118. KHOSITHI TRAINING 
    119. Khula Nonke Training & Development 
    120. Kia Chuma 
    121. Kingdom Development Consultancy 
    122. Kpk Training Solutions 
    123. Kstd Pty Ltd 
    124. Kwazulu Skills Academy 
    125. KZN Tourism Training 
    126. KZN Tourism Training Centre 
    127. Le - Mark Training and Development Pty (Ltd) 
    128. Lelethu Training (Pty) Ltd 
    129. Leronsa Trading Enterprise 
    130. Lesias Educational Services 
    131. Letlhokoa Management Services Cc 
    132. Lewerb Holdings (Pty) Ltd 
    133. Lip Holding (Pty) Ltd 
    134. Loago Business Consulting 
    135. Local Government Management Academy 
    136. Lumiere Holdings 
    137. Lungile Mchunu Consultancy (Pty) Ltd 
    138. M.I.C. Training And Development 
    139. Madingoane And Family Construction 
    140. Mahlasedi Training Matters 
    141. Majuba Technical Vocational Education and Training 
    142. Makaota Training Consultants 
    143. Makgoka Development Facilitation (Pty) Ltd. 
    144. Makwenzeke Grass And Cleaners Cc. 
    145. Mancosa (PTY) LTD T/A Management College of Southern Africa 
    146. MANCOSA Pty (Ltd) 
    147. Maono Tai Consulting And Training 
    148. Masemase Consultancy Cc. 
    149. MASM Trading Enterprise (Pty) Ltd 
    150. MASS COMUTER TRAINING AND PRINTERS 
    151. Matash Holdings (Pty) Ltd 
    152. Mathaveiya Skills Enhancement 
    153. MAXIMUM DEVELOPMENT INSTITUTE 
    154. Mbhinelwa Trading 
    155. MBUSO MANAGEMENT SOLUTIONS 
    156. Mc Intosh Xaba And Associates (Mxa) 
    157. Metanoia Training And Projects (Pty) Ltd 
    158. Mgwezane Training And Events Management Cc. 
    159. Miczo'S Enterprise 
    160. Milpark Education (Pty) Ltd 
    161. Mimoisa Business Solutions Cc 
    162. Mimosa Business Consultants 
    163. Mission Point Consulting 
    164. Mj Mafunisa Consulting (Pty) Ltd 
    165. Mmalethabo Consulting 
    166. Mmanape Private Technical College Pty Ltd 
    167. Mmitsa Training Solution Pty Ltd 
    168. Mml Consulting Cc. 
    169. MMPS Holdings 
    170. Mod-Mosh Projects And Consulting (Pty) Ltd 
    171. Mohlaje Solutions (Pty) Ltd 
    172. Mortarboard Training Solutions 
    173. Mosako Wa Kitso 
    174. Mowils Consultants 
    175. Mpumalanga School of Government - MPSG 
    176. MTHENGENYA & ASSOCIATES 
    177. Mtk Corporate Solutions 
    178. Multiple Productive Management Solutions 
    179. Nare Training and Development 
    180. Ndingo Business Enterprise 
    181. Ndrendre Building & General Services 
    182. Nemalale Eagles Consultancy Cc 
    183. Neopeo Trading & Projects 
    184. Nghano Training And Development Centre 
    185. Nj & L Trading Enterprise Cc. 
    186. Nkqubela Community Developers 
    187. Nkt Projects And Skills Development 
    188. Nonunu Projects 
    189. Ns Global Academy 
    190. Ntokosi Consulting 
    191. Omithombo Management Academy 
    192. Orchards Graduate School (Pty) Ltd 
    193. Osolwazi Institute 
    194. Outeniqua Leadership Institute 
    195. Pachedu Skills Solutions 
    196. Panafrican Supply Chain Academy 
    197. Pandelani Investment Holdings (Pty) Ltd. 
    198. Paseka Business Enterprise 
    199. Pebetse Training And Consulting 
    200. Peuneo (Pty) Ltd 
    201. Pfim Trading (Pty) Ltd 
    202. Phatsimo Technologies 
    203. PHETHA PROFFESSIONAL SERVICES CC 
    204. Philani Solutions 
    205. Phindile Development Services 
    206. Pioneer Business Consulting 
    207. Pma Holdings (Pty ) Ltd. 
    208. Pono People Management Solutions 
    209. Positive Thinking Consultants cc 
    210. Powernexus 
    211. Prestige Leaders Consulting (Pty) Ltd 
    212. Princetop Corporative Training (Pty) Ltd 
    213. Prodigy Business Services 
    214. Progressive School Of Business And Engineering (Pty) 
    215. Prosam Consulting Group (Pty) Ltd 
    216. Ptdev (Pty) Ltd 
    217. Pulakgadi Training Consulting Cc 
    218. Ramazwi Security Service and Training Agency (Pty) Ltd 
    219. Rams Professional Training and Conferencing 
    220. Rasinkhu Investments 
    221. Ratanang Business College 
    222. Regen Institute of Leadership and Management Education 
    223. Regenesys School of Public Management 
    224. Regent Business School (Pty) Ltd t/a Regent Business School 
    225. Remo Holdings Pty Ltd 
    226. Ritepath HR Solutions 
    227. Sabela Trading And Projects Cc. 
    228. Saint Colonel Graduate Institute 
    229. Salt Lake Residence Action Group (Sarag) 
    230. Sazm Trading And Projects 
    231. SEVEN ARROWS PROTECTION ALLIANCE CC 
    232. Shekinah Deep Excellence (Pty) Ltd 
    233. Shirs Vision Compleadev (Pty) Ltd 
    234. SIYAKHULA TRUST 
    235. Siyakhula Trust Etd Institute Pty Ltd 
    236. Smartkip 
    237. Solstice Networks Cc. 
    238. Sombizi Holdings 
    239. Sonani Skills 
    240. Sonani Training and Communication (Pty) Ltd 
    241. South African Institute of Learning (SAIL) 
    242. South African Abet Development Agency Saada 
    243. South African Governance And Business College 
    244. Southern African Institute of Learning 
    245. SOUTHERN AFRICAN YOUTH MOVEMENT 
    246. Starplex 489 cc 
    247. Starplex408 Pty) Ltd 
    248. Stellenbosch University 
    249. Step Ahead Academy (Pty) Ltd 
    250. Swaranang Management Consulting Cc 
    251. Tachfin Holdings 
    252. Talent Emporium Academy (PTY) Ltd 
    253. Tanosa Trading CC 
    254. Tasc Business Consulting And Training 
    255. Tau And Tau Training Enterprises Pty Ltd 
    256. Tembe Service Providers 
    257. Thandiwenathi (Pty) Ltd 
    258. The Justice 
    259. Thobologo Training And Education Group 
    260. Thubelihle Graduate Institute 
    261. Thuto Lere Community Empowerment Programme 
    262. Thuto-Boswa Education And Training Solution 
    263. Tinotel Communications 
    264. Tippinggate Business Solutions 
    265. Tlaletso Consultants 
    266. Tlotlangthuto Training & Consulting 
    267. Tloumogale Business Development & Consulting (Pty) Ltd 
    268. Training At Work (Pty) Ltd 
    269. Transafric Consulting Pty Ltd 
    270. Tru-ThoughtsTrading and Projects 
    271. Truly African Solutions Cc. 
    272. Tsebo Kitso Trainings 
    273. Tsebong Training Centre 
    274. Tshelopele Development Institution 
    275. Tshepang Consulting & Project 
    276. Tshwane College of Commerce and Computer Studies 
    277. Tshwane Training Institute (Pty) Ltd 
    278. Tsoelapele Consulting Pty Ltd 
    279. TTTC 
    280. Twin Peak Technologies 
    281. Ukhamba Quality Skills 
    282. Ukwakhile Projects (PTY) Ltd 
    283. Umqondo Business College 
    284. Umsenge Sdcs 
    285. University Of Business Excellence(Pty)Ltd 
    286. University of Fort Hare 
    287. University Of Intellectual Excellence (Pty)Ltd 
    288. University of Pretoria 
    289. University of Venda 
    290. Uweso Consulting (Pty) Ltd 
    291. Vala Nge Bhetshu Human Capital Development (Pty) Ltd 
    292. Valinsight (Pty) Ltd 
    293. Vantage Training 
    294. Vicmat Consultants 
    295. Vuca Institute of Leadership Development 
    296. Vukauzakhe Traiding Enterprise 
    297. Vulindlela Human Performamnce Technology 
    298. Vumilia Africa Group 
    299. Waoesi 
    300. WEINVEST INVESTMENT CC 
    301. Weinvest Investments 
    302. Ya Hina Management Consulting And Projects 
    303. Yamangcuse Consulting 
    304. Zealot Business College 
    305. Zj Africa Learn (Pty)Ltd 
    306. Zwavhudi Business School (Pty) Ltd 
    307. Zwelixoliletrading Enterprise 


    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.