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: 

Conduct working capital management activities in accordance with sound financial management policy 
SAQA US ID UNIT STANDARD TITLE
119331  Conduct working capital management activities in accordance with sound financial management policy 
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
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 
Learners working towards this standard will be working within a Public Sector environment, specialising in Public Finance Management and Administration, where the acquisition of competence against this standard will add value to one's job. This standard will also add value to public officials who are seeking to develop a career pathway towards becoming an accomplished public finance management and administration specialist.

The qualifying learner is capable of:
  • Using the working capital management policy applicable to the public finance management and administration sector.
  • Using financial information to inform working capital decisions.
  • Managing accounts receivable.
  • Managing inventory.
  • Managing cash resources. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this Unit Standard must be in possession of a Further Education and Training Certificate or equivalent qualification. 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Use the working capital management policy applicable to the public finance management and administration sector. 
    OUTCOME RANGE 
    Working capital policy includes but is not limited to estimation of working capital level, financing of current assets, controlling of working capital. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The working capital policy utilised in the public finance management and administration sector is explained. 

    ASSESSMENT CRITERION 2 
    The elements covered by the working capital policy are identified. 

    ASSESSMENT CRITERION 3 
    The understanding of the effect of working capital management policy in relation to revenue management in the public sector is clearly demonstrated, and its implications explained in the context of service delivery. 

    ASSESSMENT CRITERION 4 
    The need to manage the overall working capital position to meet overall financial management policy is demonstrated. 

    SPECIFIC OUTCOME 2 
    Use financial information to inform working capital decisions. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Liquidity rations are calculated and analysed. 

    ASSESSMENT CRITERION 2 
    Reports are prepared in relation to significant liquidity ratios. 

    ASSESSMENT CRITERION 3 
    The nature of accounts payable in the public sector is explained. 

    SPECIFIC OUTCOME 3 
    Manage accounts receivable. 
    OUTCOME RANGE 
    Accounts receivable includes but is not limited to payment terms, analysing credit risk, use of credit standards, collection of overdue accounts. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Credit management policy of the institution and credit information sources are used to enhance credit control. 

    ASSESSMENT CRITERION 2 
    Different processes and procedures are used to collect amounts owed. 

    SPECIFIC OUTCOME 4 
    Manage inventory. 
    OUTCOME RANGE 
    Inventories include but are not limited to cost-benefits of carrying inventory, Economic Order Quantity Model, inventory control techniques, Just-in-Time inventory management. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Appropriate economic models are applied to inventory management. 

    ASSESSMENT CRITERION 2 
    Economic inventory levels and delivery periods are used to determine inventory models. 

    ASSESSMENT CRITERION 3 
    Government guidelines relating to procurement and inventory are applied. 

    ASSESSMENT CRITERION 4 
    Budgets for consumable inventory items are prepared and used to guide reporting of utilization of inventory items. 

    ASSESSMENT CRITERION 5 
    Provisioning management techniques and practices are used with reference to various inventory items. 

    ASSESSMENT CRITERION 6 
    External requisitioning procedures for inventory items are determined using quantitative tools. 

    SPECIFIC OUTCOME 5 
    Manage cash resources. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Liquidity and the different forms of solvency are understood in the context of certain policies. 

    ASSESSMENT CRITERION 2 
    A working management approach to cash management is adhered to within the boundaries of legislation. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Any individual wishing to be assessed (including through RPL) against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The learner must demonstrate an understanding of:
  • Public Finance Management Act.
  • Municipal Finance Management Act.
  • Policies and procedures that apply to working capital management within the public sector.
  • Interpretation of financial statements and information to determine working capital.
  • Accounts receivables.
  • Inventory management.
  • Cash resource management. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using critical and creative thinking processes to calculate working capital. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization or community to gather all the necessary accounting information to determine working capital amounts. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to ensure that all reports relating to working capital are timeously completed. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and critically evaluate financial information in order to inform working capital decisions. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to gather and disseminate working capital information. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in ensuring that working capital management systems are effectively utilized. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that problem-solving contexts relating to working capital management do not exist in isolation. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by ensuring that all working capital policies within the public sector are adhered to. 

    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  49554   National Diploma: Public Finance Management and Administration  Level 5  NQF Level 05  Reregistered  2023-06-30  LG SETA 


    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. Afriwealth Consulting 
    2. Akadon Trading (Pty) Ltd 
    3. All Access Holdings 
    4. Alpha Business Consultants 
    5. Bantubanye Skills 
    6. BESO Business Empowerment Solutions CC 
    7. Bikologix Projects 
    8. Bokatoka Construction and Projects 
    9. Camblish Training Institute 
    10. Concepts of Sustainable Management (CSM) 
    11. Cradle Stars Trading Enterprise 
    12. Elective Training Institute Enterprise CC 
    13. Eskilz College (Pty) Ltd 
    14. ETAMIC PTY LTD 
    15. Excellent Minds Institute (Pty) Ltd 
    16. Falcon Business Institute (PTY 
    17. GATYANA TRAINING ACADEMY 
    18. Giant Alive Services 
    19. Glere Skills and Consultants 
    20. GOBELA CONSULTING 
    21. Hadima Training Academy 
    22. Health Science Academy 
    23. Hlombe and Associates 
    24. IGKM Management Services (Pty) Ltd 
    25. Ikhaya Training and Consulting 
    26. Inafrica General Trading Pty LTD 
    27. Institute of Public Affairs and Governance PTY (LTD) 
    28. Isiphephelo Consultants 
    29. Itumeleng Wellness Solutions 
    30. Johsie Enertprise 
    31. Josmap Training Institute 
    32. LMMM Training and Development 
    33. Mafamawethu Consultants 
    34. Makgoka Development Facilitation (PTY) Ltd. 
    35. Mamuhle Academy 
    36. Maritime Business Institute 
    37. MARS Business Consulting 
    38. Mission Point Consulting 
    39. MJ Mafunisa Consulting (PTY) LTD 
    40. MML Consulting CC. 
    41. MTK Corporate Solutions 
    42. MUHANGWENE DEVELOPMENT ENTERPRISE 
    43. Nalengmokoni Investors (Pty) Ltd 
    44. Nkqubela Community Developers 
    45. Nonunu Projects 
    46. Nvsion Consulting 
    47. Onyx Training Support 
    48. Outeniqua Leadership Institute 
    49. Pebetse Training and Consulting 
    50. Pioneer Business Consulting 
    51. PMA Holdings (PTY ) LTD. 
    52. Princetop Corporative Training (Pty) Ltd 
    53. Progressive School of Business and Engineering (Pty) 
    54. PTDEV (Pty) Ltd 
    55. Pulakgadi Training Consulting CC 
    56. RCG Markets 
    57. Reflections Development Institute 
    58. Regent Business School (Pty) Ltd t/a Regent Business School 
    59. Silalele Consulting CC. 
    60. South African Corporate Training Association 
    61. Tachfin Holdings 
    62. Talent Centre Training 
    63. Tasc Business Consulting and Training 
    64. TCNS Resources (PTY) Ltd 
    65. The Crimson CO CC. 
    66. The National School of Government 
    67. Thinking Mind Trading 
    68. Thubelihle Graduate Institute 
    69. Thuto-Boswa Education and Training Solution 
    70. Tloumogale Business Development & Consulting 
    71. Transafric Consulting Pty Ltd 
    72. Tshepang Consulting & Project 
    73. Tummo Development Enterprise 
    74. TWINMARK STRATEGY AND MANAGEMENT CONSULTANTS 
    75. Ubuqhawe Consulting (Pty) Ltd 
    76. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    77. Vibra Skills CC. 
    78. Vicmat Consultants 
    79. Vumilia Africa Group 
    80. Wasteng (PTY) Ltd 
    81. WEINVEST INVESTMENT CC 
    82. World Pace Development and Training Institute 


    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.