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 THAT HAS PASSED THE END DATE: 

National Diploma: Finance and Accounting: Public 
SAQA QUAL ID QUALIFICATION TITLE
72295  National Diploma: Finance and Accounting: Public 
ORIGINATOR
Mangosuthu University of Technology 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
CHE - Council on Higher Education  HEQSF - Higher Education Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
National Diploma  Field 03 - Business, Commerce and Management Studies  Finance, Economics and Accounting 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  360  Level 6  NQF Level 06  Regular-Provider-ELOAC 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Passed the End Date -
Status was "Reregistered" 		 SAQA 0695/12  2012-07-01  2014-12-31 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2015-12-31   2023-12-31  

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 replaces: 
Qual ID Qualification Title Pre-2009 NQF Level NQF Level Min Credits Replacement Status
1125  National Diploma: Finance and Accounting: Public  Level 6  Level TBA: Pre-2009 was L6  360  Complete 

This qualification is replaced by: 
Qual ID Qualification Title Pre-2009 NQF Level NQF Level Min Credits Replacement Status
96859  Diploma in Public Finance and Accounting  Not Applicable  NQF Level 06  360  Complete 

PURPOSE AND RATIONALE OF THE QUALIFICATION 
The qualifying learner will be able to apply integrated public financial management, accounting and auditing knowledge as well as advanced financial analysis and problem-solving knowledge to all financial related matters as a state accountant or financial official. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
At least 240 credits on NQF-level 5 in Finance and Accounting (Public)

Recognition of prior learning:
The qualification will also be awarded to a learner who has provided evidence that the stated competence of the qualification has been achieved through experience 

RECOGNISE PREVIOUS LEARNING? 
Y 

QUALIFICATION RULES 
The qualification will be awarded to a learner who has provided evidence to the satisfaction of the assessors that the stated competence of the qualification, as detailed in the specified outcomes, has been achieved, either through education and training in a single provider's learning programme, or through experience that complies with the stated specified outcomes. 

EXIT LEVEL OUTCOMES 
1. Analyse and manage accounting systems in compliance with national and international principles to facilitate decision-making
2. Manage public finance
3. Understanding the influence of micro and macro economic environment and the role of all sectors in the economy on the management of public finance

SPECIFIED OUTCOMES:
1.
Preparing financial statements according to statutory requirements (C & F)
Valuating business interest (C & F)
Analysing and interpreting financial statements (C & F)
Compile basic consolidated financial statements for companies (C & F)
Perform statutory and accounting requirements in respect of liquidations, amalgamations and the reconstruction of companies (C & F)

2.
Planning for budgeting and the management of projects based on costing principles (C & F)
Compile short, medium and long-term budgets and reports to all stakeholders(C & F) Integrate all the financial or standardise systems (C & F)
Manage bank accounts, fund requests, internal charges, the trading accounts and ledger accounts (C & F)

3.
Explaining the scope of economics and the basic macro-economic entities in the economy (C & F)
Explaining and analyse the basic price theory (C & F)
Identify current economic issues and indicate how to address it (C & F)

CRITICAL LEVEL:
Communicate effectively, using visual, accounting and/or language skills in the modes of oral and or written persuasions
Work effectively with others in a team in collecting, processing and analysing data
Identifying and solving complex problems in which responses display responsible conduct
Collecting, organising and critically evaluating information
Demonstrating an understanding of the dynamics between the micro-, intermediate and macro-environments as a set of related systems by recognising that problem-solving does not exist in isolation
Organising and managing oneself and one's activities responsibly and effectively as a state accountant
Use science and technology effectively and responsibly 

ASSOCIATED ASSESSMENT CRITERIA 
1.
  • Financial statements are prepared according to statutory requirements
  • Business interest can be correctly valuated
  • Financial statements can be analysed and interpret correctly
  • Basic consolidated financial statements for companies can be compiled correctly
  • Statutory and accounting requirements in respect of liquidations, amalgamations and the reconstruction of companies can be performed

    2.
  • Budgets and projects can be planned according to costing principles
  • Budgets for the short, medium and long-term can be compiled and financial reports can be produced
  • All the financial or standardised systems can be integrated
  • Bank accounts, fund requests, internal charges, the trading accounts and ledger accounts can be managed

    3.
  • The scope of economics and the basic macro-economic entities in the economy can be identified
  • The basic price theory can be explained and analysed
  • Current economic issues can be identified and addressed

    Integrated assessment:

    An application of the following stipulated forms of assessment to a varying degree according to the existing SERTEC requirements:

    a)
    Formative assessment
  • Written or oral tests
  • Field work/experiential learning
  • Simulations
  • Mentors
  • Tutors
  • Assignments
  • Peer evaluation
  • Case studies
  • Portfolios

    b)
    Summative assessment
  • Written or oral examinations
  • Collaborative projects
  • Projects 
    		•

    ARTICULATION OPTIONS 
    This qualification forms the basis for admission to the next academic level (B Tech) in Finance and Accounting (Public). This qualification also provides horizontal and vertical career mobility in the public sector and between the public and private sector. 

    MODERATION OPTIONS 
    A national Advisory Committee: Finance and Accounting (Public) consisting interalia of the following stakeholders:

    Student Body Representatives
    Labour Union Representatives
    Financial Practitioners Forum Representatives
    Public Sector Internal Audit Forum Representatives
    Directorate: Financial Management Training, Department of State Expenditure
    Provincial Financial Management Training Directorates
    Office of the Auditor-General Representatives
    Professional Bodies:
  • Institutes for Public Finance and Accounting (IPFA)
  • Institute for Commercial and Financial Accountants (CFA)
  • Institute for Administration and Commerce (IAC) 
    		•

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    Experience:
    Related working experience in public financial management and accounting as a supervisor and/or related academic experience in public financial management and accounting with sufficient public sector exposure.

    Qualifications:
    At least one level higher 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2006; 2009; 2012. 

    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
    When qualifications are replaced, some (but not all) of their learning programmes are moved to the replacement qualifications. If a learning programme appears to be missing from here, please check the replaced 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.
     
    1. Mangosuthu University of Technology 


    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.