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 QUALIFICATION:

Advanced Occupational Diploma: Financial Administration Manager

SAQA QUAL ID	QUALIFICATION TITLE
121568	Advanced Occupational Diploma: Financial Administration Manager
ORIGINATOR
Development Quality Partner-LG SETA
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY			NQF SUB-FRAMEWORK
-			OQSF - Occupational Qualifications Sub-framework
QUALIFICATION TYPE	FIELD		SUBFIELD
Advanced Occupational Dip	Field 03 - Business, Commerce and Management Studies		Public Administration
ABET BAND	MINIMUM CREDITS	PRE-2009 NQF LEVEL	NQF LEVEL	QUAL CLASS
Undefined	232	Not Applicable	NQF Level 07	Regular-ELOAC
REGISTRATION STATUS		SAQA DECISION NUMBER	REGISTRATION START DATE	REGISTRATION END DATE
Registered		EXCO 1121/24	2024-01-30	2029-01-30
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2030-01-30		2033-01-30

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 qualification does not replace any other qualification and is not replaced by any other qualification.

PURPOSE AND RATIONALE OF THE QUALIFICATION

Purpose:
The purpose of this qualification is to prepare a learner to function as a Financial Administration Manager.

A Financial Administration Manager manages, coordinates, and oversees the financial administration activities, compiles financial reports in compliance with Municipal Finance Management Act (MFMA) and Public Finance Management Act (PFMA), mentors and coaches' staff, handles financial queries and implement corrective measures within the scope of operation. A competent candidate shall demonstrate among others the following attributes: honesty, punctuality, initiative, critical analysis, integrity, ethics, and professionalism.

A qualified learner will be able to:

Coordinate, recommend and advise on financial administration processes and procedures.

Manage compliance with the financial administration processes.

Mentor and coach financial administrative staff.

Compile financial administration reports for the finance manager.

Implement corrective and accurate measures compliant to financial administration processes.

Handle and manage financial administration enquiries.

Rationale:
The qualification was developed to equip learners with the necessary skills and competences for public finance administration officials who provide support to strategic leadership and management needed to transform all spheres of government. The need for highly qualified, efficient, client-oriented public finance administration officials is a priority in all the three spheres of government. This occupational qualification is aimed at finance administration managers working in the public sector. It is a qualification in a career pathway towards a senior public finance administration manager.

The qualification contributes to the improvement of service delivery initiatives in public service and growth of the economy in line with the existing skills development legislation, through enhancing skills levels of public sector employees.

The Advanced Occupational Diploma: Financial Administration Manager covers financial, administrative, and managerial knowledge and skills. It is an appropriate qualification for articulation of candidates who are employed in Public Finance Administration, holding an NQF Level 6 qualification in Public Finance Administration and Management.

The occupational qualification aims to produce high-level practitioners in the field of financial administration, who can contribute to improved productivity and efficiency within the public sector. This shall enable public institutions to save financial resources to deliver more quality services to the society. The qualification will provide the means for current workers to receive recognition of prior learning, to upgrade their skills, achieve a nationally recognised qualification and career pathway to Financial Management responsibilities. Typical learners for the qualification are employed and unemployed ones who hold an NQF Level 6 qualification in Administration, Management and Financial Accounting. The qualification was developed in collaboration with the public financial management sector. There is no similar occupational qualification registered in the National Qualifications Framework. There are no registration requirements for holders of the qualification to practice.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Recognition of Prior Learning (RPL):
RPL for access
Learners will gain access to the qualification through RPL for Access as provided for in the QCTO RPL Policy. RPL for access is conducted by accredited education institution, skills development provider or workplace accredited to offer that specific qualification/part qualification.

RPL for Credits
Learners who have acquired competencies of the modules of a qualification or part qualification will be credited for modules through RPL.

RPL for access to the external integrated summative assessment
Accredited providers and approved workplaces must apply the internal assessment criteria specified in the related curriculum document to establish and confirm prior learning. Accredited providers and workplaces must confirm prior learning by issuing a statement of result.

Entry Requirements:

NQF Level 6 qualification in Financial Accounting/ Administration/ Management.

RECOGNISE PREVIOUS LEARNING?

QUALIFICATION RULES

This qualification is made up of compulsory Knowledge, Practical Skill and Work Experience Modules:

Knowledge Modules:

121101-001-00-KM-01 Public Sector Accounting Framework, Level 7, 15 Credits.

121101-001-00-KM-02 Public Sector Legislative Framework and Good Governance, Level 6, 8 Credits.

121101-001-00-KM-03 Public Sector Financial Planning and Reporting Framework, Level 7, 10 Credits.

121101-001-00-KM-04 Financial Administration Processes, Level 7, 12 Credits.

121101-001-00-KM-05 Support Functions, Level 5, 7 Credits.

Total number of credits for Knowledge Modules: 52

Practical Skill Modules:

121101-001-00-PM-01 Plan, Coordinate and Verify the Preparation of Accurate Financial Administration Records and Compile and Submit Financial Reports, Level 7, 20 Credits.

121101-001-00-PM-02 Conduct Performance Appraisals, Level 6, 10 Credits.

121101-001-00-PM-03 Comply with the Public Sector Financial Administration Legislation and Prescripts, Level 7, 20 Credits.

121101-001-00-PM-04 Communicate Effectively with Relevant Parties, Delegate queries and Provide Feedback to Relevant Party, Level 6, 10 Credits.

Total number of credits for Practical Skill Modules: 60

Work Experience Modules:

121101-001-00-WM-01 The Coordination Processes for the Preparation of Accurate Financial Administration records, Level 7, 28 Credits.

121101-001-00-WM-02 The Management and Verification Processes for all Financial Administration Records, Level 7, 27 Credits.

121101-001-00-WM-03 The Compilation of the Financial Report, Level 7, 28 Credits.

121101-001-00-WM-04 The Coaching and Mentoring of Administration Staff, Level 6, 14 Credits.

121101-001-00-WM-05 The Application (Compliance) of the Relevant Public Financial Administration Legislation and Prescripts, Level 7, 14 Credits.

121101-001-00-WM-06 The Delegation and Escalation of Query Tasks, Feedback Processes and Communication Processes, Level 6, 9 Credits.

Total number of credits for Work Experience Modules: 120

EXIT LEVEL OUTCOMES

1. Manage the financial administration processes.
2. Manage financial administrative staff in the financial administration environment.
3. Produce and communicate financial administration reports.
4. Manage corrective measures in terms of financial administration processes.

ASSOCIATED ASSESSMENT CRITERIA

Associated Assessment Criteria for Exit Level Outcome 1:

Describe, discuss, analyse, and apply the various public finance budgeting processes.

Describe, discuss, explain, and apply different processes to coordinate, recommend and advise on financial administration processes and procedures.

Discuss, explain, and apply the processes performance management.

Describe, discuss, and apply effective communication processes, systems, and resources in the financial administration environment.

Discuss and apply the ethics and ethical behaviour in the financial administration environment.

Explain, evaluate, and implement the good governance principles.

Explain, analyse, and apply the processes to manage and resolve financial administration queries effectively and efficiently in the financial administration environment.

Associated Assessment Criteria for Exit Level Outcome 2:

Describe, discuss, plan, and apply continuous staff coaching and mentoring in the financial administration environment.

The continuous monitoring and evaluation of performance against Key Performance Areas, roles and responsibilities in line with financial administration requirements are explained, discussed and implemented.

Describe, discuss, and conduct the development and delivery of "fit for purpose" training programmes for financial administration staff members in line with the workman`s programme.

Associated Assessment Criteria for Exit Level Outcome 3:

Describe, discuss, and apply the in-year monitoring (IYM) budget management processes.

Describe, explain, analyse, and apply the processes for preparing audit files in line with financial administration requirements and legislation.

Describe, explain, discuss, analyse, and apply the process for the preparation, compilation and submission of the annual financial report in line with financial administration requirements and legislation.

Associated Assessment Criteria for Exit Level Outcome 4:

Discuss, explain, analyse, and apply the processes to initiate and implement corrective and accurate measures for financial administration records.

Discuss, explain, analyse, and apply the processes to initiate and implement corrective and accurate measures for financial administration processes.

Integrated Assessment:
Integrated Formative Assessment
The Skills Development Providers will use the curriculum to guide them on the stipulated internal assessment criteria and weighting. They will also apply the scope of practical skills and applied knowledge as stipulated by the internal assessment criteria. This formative assessment leads to entrance into the integrated External Summative Assessment.

Integrated Summative Assessment
An External Integrated Summative Assessment, conducted through the relevant QCTO Assessment Quality Partner is required to issue this qualification. The External Integrated Summative Assessment will focus on the Exit Level Outcomes and Associated Assessment Criteria. Additional to the written assessment the learner must also submit a portfolio of evidence compiled of outcomes achieved in the workplace.

INTERNATIONAL COMPARABILITY

The qualification was compared with qualifications in Tanzania and Zimbabwe.

Tanzania
Metropolitan School of Business and Management offers a one (1) year diploma called The International Postgraduate Diploma in Financial Management, Level 7. It is designed to provide the learner with the opportunity to develop a critical understanding of the areas of Finance and Management and their underlying processes from both theoretical and practical perspectives. It also provides the learner with a learning experience in preparation for subsequent career development and in achieving effective performance in a variety of financial and business management roles and organisations.

The International Postgraduate Diploma in Financial Management qualification is designed for learners with relevant experience, and/or qualifications, to upgrade the knowledge and skills they need to efficiently function in the fields of accounting and finance. For those learners that have prior experience in accounting and finance, and possess a professional qualification, the pathway through this qualification will develop their professional competence.

This qualification consists of the following 6 compulsory units which are 120 credits in total:

Corporate reporting.

Corporate Social Responsibility and Governance.

Global Strategy.

Investment Analysis.

Strategic Financial Management.

Strategic Audit.

Similarities
Both qualifications have similar level of complexity, require undergraduate qualifications for entry and progresses to a career pathway in the financial management field.

Differences
The duration of Advanced Occupational Diploma: Financial Administration Manager is longer and has practical and work experience components.

Zimbabwe
University of Gloucestershire offers a one (1) year qualification in Finance for non-financial managers and non-accountants, enabling managers, not only to understand financial information, but also to link it to broader strategic decisions. Postgraduate Certificate in Financial Management for Non-Financial Managers, Accounting and Finance for Non-Financial and Non-Accounting Managers is ideal for anyone with current or anticipated roles in management requiring interpretation of financial statements; making management accounting decisions including preparing and managing budgets; understanding and managing finance and financial strategy.

Participants range from managers with little background working with financial data to accounting and financial professionals. Accounting and Finance for Non-Financial and Non-Accounting Managers provides a strong foundation in financial analysis that will enable a learner to:

Increase the ability to read, interpret, and use accounting and financial information in a business on daily basis.

Increase confidence in preparing and analysing budgets to better manage scarce resources in an organisation.

Explain "best practices" used by managers to create alignment around necessary key strategies to make a business successful.

The qualification has the following modules:

Interpreting Financial Statements.

Management Accounting.

Financial Strategy.

Risk and Control Management.

The Postgraduate Certificate in Financial Management Programme provides the practical knowledge needed to remove the fear of accounting and to ensure confident participation in financial discussions. This new qualification is aimed at non-financial Managers and Executives entrusted with financial responsibility.

Similarities
Both qualifications have similar exit level and content.

Differences
The Advanced Occupational Diploma: Financial Administration Manager has a longer duration, practical and work experience components.

Conclusion
This qualification compares favourably with those of the two countries in terms of level of complexity and content. Though the two compared qualifications are business inclined with shorter duration.

ARTICULATION OPTIONS

This qualification provides opportunities for the following articulation options.

Horizontal Articulation:

Occupational Certificate: Financial Markets Practitioner, NQF Level 7.

Advanced Diploma in Public Finance, NQF Level 7.

Vertical Articulation:

Occupational Certificate: Management Accountant, NQF Level 8.

Diagonal

Postgraduate Diploma in Financial Management, NQF Level 8.

NOTES

Qualifying for External Assessment:
To qualify for an external assessment, learners must provide proof of completion of all required knowledge and practical modules by means of statements of results and a record of completed work experience.

Additional Legal or Physical Entry Requirements:

None.

Criteria for the accreditation of providers

Accreditation of providers will be done against the criteria as reflected in the relevant curriculum on the QCTO website. The curriculum title and code are: Financial Administration Manager: 121101-001-00-00.

Encompassed Trade:
This qualification encompasses the following trades as recorded on the NLRD:

None.

Assessment Quality Partner (AQP)

LGSETA.

LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION:

NONE

PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION:

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.

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