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 knowledge of good financial management practices 
SAQA US ID UNIT STANDARD TITLE
116969  Demonstrate knowledge of good financial management practices 
ORIGINATOR
SGB Water Sector 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 12 - Physical Planning and Construction Civil Engineering Construction 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  6 
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
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 
The qualifying learner achieving this unit standard in combination with context expertise standard(s) will be able to demonstrate knowledge of good financial management practices in accordance with the requirements of the Public Finance Management Act and the Municipal Systems Act. This competence will enable the learner to conduct work in an ethical and professional manner, verify and recommend information from source documents and complete required reports in compliance with relevant legislation. This will contribute towards efficient work production and corporate governance in the organisation. The achievement of this unit standard will provide foundational knowledge, expand the skills base of the qualifying learner and make the person more effective in his/her tasks. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Literacy at NQF level 4 or equivalent, mathematical calculations at NQF level 4, computer literacy. 

UNIT STANDARD RANGE 
Relevant legislation in this context refers to the Public Finance Management Act and the Municipal Systems Act. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Conduct work in an ethical and professional manner in accordance with workplace policies and procedures and relevant legislation. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
Workplace policies and procedures are explained. 

ASSESSMENT CRITERION 2 
Work is carried out with integrity and objectivity in a manner that protects the public interest. 

ASSESSMENT CRITERION 3 
Ideas and information are created, developed and evaluated. 

ASSESSMENT CRITERION 4 
Information is interpreted and communicated to role players. 

ASSESSMENT CRITERION 5 
Problems are solved in a manner that displays good judgement. 

ASSESSMENT CRITERION 6 
The needs of clients are identified and a professional service is provided. 

SPECIFIC OUTCOME 2 
Investigate alternative vendors and / or products to improve current cost and quality. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
A market assessment is conducted for materials' and services procurement. 

ASSESSMENT CRITERION 2 
Market assessment findings for materials' purchase are implemented. 

SPECIFIC OUTCOME 3 
Demonstrate 'value chain' concepts and the principles of 'just in time' procurement. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
Goods and services are procured for the core business. 

ASSESSMENT CRITERION 2 
The most economical order quantity for materials is forecast. 

ASSESSMENT CRITERION 3 
Documentation for ordering material is prepared. 

ASSESSMENT CRITERION 4 
The delivery of materials for operational requirements is scheduled. 

SPECIFIC OUTCOME 4 
Verify and recommend information from source documents, store and retrieve information. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
Incomplete or unauthorised source documents are identified and corrected. 

ASSESSMENT CRITERION 2 
Verifications and recommendations are completed within agreed deadlines and reported to relevant stakeholders. 

ASSESSMENT CRITERION 3 
Organisational procedures for filing source documents are followed. 

ASSESSMENT CRITERION 4 
Filing system is set up and maintained. 

ASSESSMENT CRITERION 5 
Information is supplied for a specific purpose within specified deadlines. 

SPECIFIC OUTCOME 5 
Record cost information and prepare reports and returns in accordance with workplace procedures. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
Information relating to direct cost is recorded and analysed. 

ASSESSMENT CRITERION 2 
Standard cost reports are prepared and presented. 

ASSESSMENT CRITERION 3 
Periodic performance reports and returns are prepared for management in appropriate format at required intervals. 

SPECIFIC OUTCOME 6 
Describe the responsibilities, functions and qualities of the audit function. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
The information pertaining to the audit function is defined. 

ASSESSMENT CRITERION 2 
The process involved in the regulatory and standard setting process is described. 

ASSESSMENT CRITERION 3 
The rights and duties covered by the statute are described. 

ASSESSMENT CRITERION 4 
The responsibilities of the auditor are explained. 

ASSESSMENT CRITERION 5 
The audit function and the role-played by self is explained. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a learner or moderating the assessment of a learner against this unit standard must be registered as an assessor with the relevant ETQA.
  • Any institution offering learning that will enable the achievement of this unit standard must be accredited as a provider with the relevant ETQA.
  • Assessment and moderation of assessment will be overseen by the relevant ETQA according to the ETQA's policies and guidelines for assessment and moderation.
  • Moderation must include both internal and external moderation of assessments at exit points of the qualification, unless ETQA policies specify otherwise. Moderation should also encompass achievement of the competence described both in individual unit standards as well as the integrated competence described in the qualification. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    Learners should have a knowledge and understanding of:
  • The Public Finance Management Act and the Municipal Systems Act.
  • Sections of the Constitution relating to the protection of the public interest.
  • Code of ethics, business ethics and disciplinary procedures in own organisation.
  • Quality assurance process of own organisation.
  • Financial report writing techniques and record keeping including filing systems.
  • Calculations, estimations and forecasts.
  • Systems for accounting of material costs.
  • Basic analysis of variances: usage and price.
  • Purchasing procedures and documentation.
  • Analysis of labour utilisation: idle time, overtime levels, absenteeism, sickness rates.
  • Performance and quality measures including main types of performance indicators.
  • Use of standard units of inputs and outputs
  • Communication including graphical and diagrammatic presentation.
  • Fundamental principles of auditing theory.
  • Regulatory and standard setting process.
  • Corporate governance. 
    		•

    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.

    Assessment criteria:
  • Problems are solved in a manner that displays good judgement.
  • Incomplete or unauthorised source documents are identified and corrected. 
    		•

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

    UNIT STANDARD CCFO ORGANISING 
    Plan, organise and manage oneself and one's Activities responsibly and effectively.
    Assessment criteria: all 

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

    Assessment criteria:
  • The needs of clients are identified and a professional service is provided.
  • A market assessment is conducted for materials' and services procurement.
  • Incomplete or unauthorised source documents are identified and corrected. 
    		•

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language skills in the form of oral and/or written presentation.
    Assessment criteria: all 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility towards the environment and health of others.
    Assessment criteria: all 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation.
    Assessment criteria: all 

    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 
    This Unit Standard is intended for managers of small businesses and entry level managers of business units in larger organisations. It provides the background necessary to the management function in the water sector. Entry level managers include, but are not limited to managers and section heads in an organisation at which an employee has other employees reporting to him/her.

    Integrated assessment

    When conducting assessments, assessors must ensure that they are familiar with the full text of the unit standards being assessed. Assessors must ensure that the assessment covers the specific outcomes, critical cross-field outcomes and essential embedded knowledge by developing assessment activities and tools, which are appropriate to the contexts in which the learners are working. These activities and tools may include self-assessment, peer assessment, formative and summative assessment. It may be more effective and efficient to assess a number of unit standards together in an integrated way, thus reducing the overall number of assessments and ensuring that commonalties that exist between a number of unit standards are captured in a way that makes sense for assessment. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  59201   National Certificate: Generic Management  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 


    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.
     
    NONE 


    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.