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. Africa Institute For Public Administration 
    2. AFRICA MAYIBUYE LEADERSHIP 
    3. African Khalom Holdings 
    4. Amabamba Recruitment 
    5. Amandla Obunye Training Academy 
    6. Amangile Academy (Pty) Ltd 
    7. AVAX SA 481 CC. T/A Mandisa Development Services 
    8. Bakgatla Municipal Solutions 
    9. Bantubanye Skills 
    10. Baobab Consulting and Training 
    11. Belgravia Institute of Mangement (PTY) LTD 
    12. Bettes - Types Trading and Projects 
    13. Boikgantsho Consulting & Events 
    14. Bonolo Training Institute 
    15. Break The Chains Development Services 
    16. CAD Academy (PTY) LTD. 
    17. Cale Developments 
    18. CTC College(PTY) LTD. 
    19. Destiny Management Consultants (Pty) Ltd 
    20. Development Bank of Southern Africa (DBSA) 
    21. Dimension Development Network 
    22. Ditirelo Skills Development Services 
    23. DotCentre Business Consulting 
    24. E-Login Business Institute (Pty) Ltd 
    25. Edutel Public Service Company 
    26. Edutraining Business College 
    27. Elective Training Institute Enterprise CC 
    28. Ethekwini Corporate and Human Resources Skills Development Unit 
    29. Express Model 405 
    30. Fachs Business Consulting and Training 
    31. Falcon Business Institute 
    32. Fort Hare Trading Solutions (Pty) Ltd 
    33. Free State Training and Development Institute 
    34. Glere Skills and Consultants 
    35. Gleyding Management Institute (Pty) Ltd 
    36. Global Steel Merchants (Pty) Ltd 
    37. Growth Management Consulting 
    38. Hanyeleni Business Enterprise 
    39. Harvestine Investments (Pty) Ltd 
    40. Harvitex cc 
    41. Hercuscope 
    42. Hlombe and Associates 
    43. IALE School of Advanced Learning Education 
    44. IMITHENTE DEVELOPMENT HOLDINGS 
    45. Inkcubeko YakwaNtu Trading 
    46. Institute of Busines Management of Southern Africa 
    47. Integrated Corporate Skills Solution 
    48. IQ Skills Academy (PTY) LTD. 
    49. Izicwe Consulting 
    50. JIT Projects 
    51. Jobafrik Consulting 
    52. Josmap Training Institute 
    53. K-Leng Touch, Events and Skills Development 
    54. Kadimo Consulting CC. 
    55. Kamanga Skills Projects 
    56. Kgaka Kgolo Institute 
    57. Kgotla Trading Enterprise 
    58. Khongoloti Training Academy 
    59. Kia Chuma 
    60. Kingdom Development Consultancy 
    61. KPK Training Solutions 
    62. Kwazulu Skills Academy 
    63. KZN Tourism Training 
    64. Le - Mark Training and Development Pty (Ltd) 
    65. Lelethu Training (Pty) Ltd 
    66. Lesias Educational Services 
    67. Lewerb Holdings (PTY) Ltd 
    68. Lip Holding (pty) LTD 
    69. Local Government Management Academy 
    70. Mahlasedi Training Matters 
    71. Majuba Technical Vocational Education and Training 
    72. Makgoka Development Facilitation (PTY) Ltd. 
    73. Makwenzeke Grass and Cleaners CC. 
    74. Mancosa (PTY) LTD T/A Management College of Southern Africa 
    75. MANCOSA Pty (Ltd) 
    76. Masemase Consultancy CC. 
    77. Matash Holdings (Pty) Ltd 
    78. Mc Intosh Xaba and Associates (MXA) 
    79. Mgwezane Training and Events Management CC. 
    80. Miczo's Enterprise 
    81. Milpark Education (Pty) Ltd 
    82. Mimoisa Business Solutions CC 
    83. MJ Mafunisa Consulting (PTY) LTD 
    84. Mmitsa Training Solution Pty Ltd 
    85. MML Consulting CC. 
    86. MMPS Holdings 
    87. Mod-Mosh Projects and Consulting (PTY) LTD 
    88. Mohlaje Solutions (Pty) Ltd 
    89. Mosako Wa Kitso 
    90. Mowils Consultants 
    91. Mpumalanga School of Government - MPSG 
    92. MTK Corporate Solutions 
    93. Multiple Productive Management Solutions 
    94. Ndrendre Building & General Services 
    95. Nemalale Eagles Consultancy CC 
    96. Neopeo Trading & Projects 
    97. Nghano Training and Development Centre 
    98. Nhlahle Development Agency 
    99. Nkqubela Community Developers 
    100. Ntokosi Consulting 
    101. Omithombo Management Academy 
    102. Orchards Graduate School (Pty) Ltd 
    103. Outeniqua Leadership Institute 
    104. PanAfrican Supply Chain Academy 
    105. Pandelani Investment Holdings (PTY) LTD. 
    106. Pebetse Training and Consulting 
    107. PFIM Trading (Pty) Ltd 
    108. Philani Solutions 
    109. Phindile Development Services 
    110. PMA Holdings (PTY ) LTD. 
    111. Positive Thinking Consultants cc 
    112. Powernexus 
    113. Prestige Leaders Consulting (Pty) Ltd 
    114. Prodigy Business Services 
    115. Prosam Consulting Group (Pty) Ltd 
    116. PTDEV (Pty) Ltd 
    117. Ramazwi Security Service and Training Agency (Pty) Ltd 
    118. Rams Professional Training and Conferencing 
    119. Regen Institute of Leadership and Management Education 
    120. Regenesys School of Public Management 
    121. Regent Business School (Pty) Ltd t/a Regent Business School 
    122. Ritepath HR Solutions 
    123. Sabela Trading and Projects CC. 
    124. Saint Colonel Graduate Institute 
    125. SAZM TRADING AND PROJECTS PTY LTD 
    126. Shekinah Deep Excellence (PTY) LTD 
    127. Siyakhula Trust ETD Institute Pty Ltd 
    128. South African Institute of Learning (SAIL) 
    129. South African ABET Development Agency SAADA 
    130. South African Governance and Business College 
    131. Southern African Institute of Learning 
    132. Step Ahead Academy (Pty) Ltd 
    133. SWARANANG MANAGEMENT CONSULTING CC 
    134. Tachfin Holdings 
    135. Tembe Service Providers 
    136. Thandiwenathi (Pty) Ltd 
    137. The Justice 
    138. Thubelihle Graduate Institute 
    139. Thuto Lere Community Empowerment Programme 
    140. Tinotel Communications 
    141. Tippinggate Business Solutions 
    142. Tlaletso Consultants 
    143. Tlotlangthuto Training & Consulting 
    144. Tloumogale Business Development & Consulting (Pty) Ltd 
    145. Training at Work (Pty) Ltd 
    146. Tru-ThoughtsTrading and Projects 
    147. Truly African Solutions CC. 
    148. Tsebong Training Centre 
    149. Tshelopele Development Institution 
    150. Tshepang Consulting & Project 
    151. Tshwane Training Institute (Pty) Ltd 
    152. Twin Peak Technologies 
    153. Ukwakhile Projects (PTY) Ltd 
    154. Umqondo Consultancy 
    155. University of Pretoria 
    156. University of Venda 
    157. Uweso Consulting (Pty) Ltd 
    158. Vala Nge Bhetshu Human Capital Development (Pty) Ltd 
    159. Valinsight (PTY) LTD 
    160. Vantage Training 
    161. Vuca Institute of Leadership Development 
    162. Vukauzakhe Traiding Enterprise 
    163. Weinvest Investments 
    164. Ya Hina Management Consulting and projects 
    165. ZJ Africa Learn (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.