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: 

Recognise, measure, classify and record financial and non-financial data 
SAQA US ID UNIT STANDARD TITLE
12935  Recognise, measure, classify and record financial and non-financial data 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6 
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 
A person credited with this unit standard is generally found within the financial accounting field. On successful completion of the unit standard, a person will be able to recognise, measure, classify and record accounting and non-financial data. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Unit standard, Manage accounting systems, NQF level 5. 

UNIT STANDARD RANGE 
A person may exhibit this competence in the private and/or the public sector. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Recognise financial and non-financial data. 
OUTCOME RANGE 
Assets, liabilities, financial position, financial performance, non-financial information 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Assets and liabilities in general purpose financial statements are recognised and selected accurately. 

ASSESSMENT CRITERION 2 
2. Elements of financial position are recognised. 

ASSESSMENT CRITERION 3 
3. Elements of performance in relevant statements are recognised. 
ASSESSMENT CRITERION RANGE 
Income and expense, cash flow
 

ASSESSMENT CRITERION 4 
4. Non-financial information is recognised in terms of importance and relevance. 

SPECIFIC OUTCOME 2 
Classify financial and non- financial data. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Assets and liabilities in general purpose financial statements are classified as per relevant sections of the legislation. 

ASSESSMENT CRITERION 2 
2. Elements of financial position are classified as per relevant sections of the legislation. 

ASSESSMENT CRITERION 3 
3. Elements of performance in relevant statements are classified as per relevant sections of the legislation. 
ASSESSMENT CRITERION RANGE 
Income and expense, cash flow
 

ASSESSMENT CRITERION 4 
4. Non-financial data is classified in order of importance and relevance. 

SPECIFIC OUTCOME 3 
Measure and record financial and non-financial data. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Assets and liabilities in general purpose financial statements are measured and disclosed in accordance with defined measurement and disclosure criteria. 

ASSESSMENT CRITERION 2 
2. Elements of financial position are measured and disclosed in accordance with defined measurement and disclosure criteria. 

ASSESSMENT CRITERION 3 
3. Elements of performance in relevant statements are measured and disclosed in accordance with defined measurement and disclosure criteria. 
ASSESSMENT CRITERION RANGE 
Income and expense, cash flow
 

ASSESSMENT CRITERION 4 
4. Qualitative information relevant to risk is disclosed in pre-defined timeframes, and related to the environment and human resources. 

ASSESSMENT CRITERION 5 
5. Non-financial data that is of relevance and importance, is measured and disclosed in accordance with defined measurement and disclosure criteria. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor.

Moderation activity comments by SGB`s, organisations and individuals may be forwarded to NSB03. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
A demonstrated understanding of:
  • Recognition, classification, measurement and disclosure techniques
  • Elements of financial position
  • Elements of financial performance 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation and community. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one`s activities responsibly and effectively. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically (showing responsibility towards the environment and health of others). 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Be culturally and aesthetically 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 
    Legal requirements:
  • The Companies Act
  • GRAP (Generally recognised Accounting Practice)
  • GAMAP (Generally Accepted Management Accounting Practice)
  • GAAP (Generally Accepted Accounting Practice)
  • PFMA (Public Finance Management Act)
  • The Treasury regulations
  • The Municipal Finance Act (once promulgated) and the CC (Close Corporations) Act 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  35926   National Diploma: Payroll Administration Services  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered" 
    2009-03-31  Was SERVICES until Last Date for Achievement 
    Core  67229   National Diploma: Payroll Administration Services  Level 5  NQF Level 05  Reregistered  2023-06-30  SERVICES 
    Core  36213   National Diploma: Technical Financial Accounting  Level 5  NQF Level 05  Reregistered  2023-06-30  FASSET 


    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. Definitive Training Solutions CC 
    2. Training for Results (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.