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: 

Apply selected GRAP (Generally Recognised Accounting Practices) to periodic accounting reporting process 
SAQA US ID UNIT STANDARD TITLE
119348  Apply selected GRAP (Generally Recognised Accounting Practices) to periodic accounting reporting process 
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
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

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:
  • Defining and applying GRAP in the context of public finance and administration
  • Defining a conceptual framework for accounting reporting
  • Defining measurement criteria for determining financial position and performance
  • Identifying financial reports and identifying and resolving discrepancies 
    		•

    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 
    Explain and apply the conceptual framework underlying GRAP. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Overall objectives of public sector financial reporting are explained with reference to specific information needs of stakeholders. 

    ASSESSMENT CRITERION 2 
    The elements of public sector financial statements relating to the measurement of financial positions are identified and applied. 

    ASSESSMENT CRITERION 3 
    The elements of public sector financial statements relating to measurement of financial performance are identified and applied in the preparation of annual statements. 

    ASSESSMENT CRITERION 4 
    The elements of public sector financial statements relating to cash flow are identified and applied in the preparation of financial reports. 

    ASSESSMENT CRITERION 5 
    The need for conceptual framework and standard of financial reporting for the public sector organisation is clearly understood and applied. 

    ASSESSMENT CRITERION 6 
    Qualitative characteristics of financial information are identified and explained with reference to measurement issues. 

    SPECIFIC OUTCOME 2 
    Present separate periodic financial statements in accordance with GRAP. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The statement of changes in net assets is presented. 

    ASSESSMENT CRITERION 2 
    The statement of financial position is presented. 

    ASSESSMENT CRITERION 3 
    The statement of financial performance is presented. 

    ASSESSMENT CRITERION 4 
    The statement of changes in net assets is presented. 

    ASSESSMENT CRITERION 5 
    The statement of cash flow is presented. 

    ASSESSMENT CRITERION 6 
    The notes in support of financial statements are presented. 

    ASSESSMENT CRITERION 7 
    Recognition and measurement criteria are understood and applied. 

    SPECIFIC OUTCOME 3 
    Explain selected statutory provisions related to financial reporting. 
    OUTCOME RANGE 
    Statutory provisions include but are not limited to various legislation instruments impacting on the Public Finance Management Act 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The public financial management act disclosure requirements are identified and explained in the presentation of financial statements. 

    ASSESSMENT CRITERION 2 
    The treasury guidelines relating to financial reporting are explained in the presentation of financial statements. 

    ASSESSMENT CRITERION 3 
    The Municipal Financial Management Act disclosure requirements relating to financial reporting is explained in the presentation of financial statements, including annual reporting. 

    SPECIFIC OUTCOME 4 
    Analyse and interpret financial statements. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The financial position and performance disclosed in financial statements are analysed. 

    ASSESSMENT CRITERION 2 
    The financial position and performance disclosed in separate financial statements are interpreted. 

    ASSESSMENT CRITERION 3 
    The cash-flow disclosed in financial statements is analysed. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. 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.
    2. 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.
    3. 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.
    4. 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 sector policies and procedures relating to financial reporting
  • Public Finance management Act
  • Measurement tools for benchmarking financial performance
  • GRAP
  • GAAP
  • Defining conceptual frameworks for accounting reporting
  • Financial management techniques in respect of accounting reporting 
    		•

    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 define conceptual frameworks for financial reporting 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization or community to brainstorm ideas and concepts pertaining to accounting reporting frameworks and processes 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to ensure accounting reporting is expediently completed 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and crtically evaluate information in order to evaluate accounting reports 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to convey information pertaining to accounting reports 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in ensuring that reporting systems are managed in an integrated and secure manner 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that accounting reporting problem solving contexts do not exist in isolation and form part of a regulatory framework within the public sector 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by ensuring that reports are completed according to GRAP. 

    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  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  LG SETA 
    Elective  50060   National Certificate: Public Administration  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  PSETA 


    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. A4 Consultancy CC 
    2. Abacwaningi Business Solutions 
    3. Amabamba Recruitment 
    4. AVAX SA 481 CC. T/A Mandisa Development Services 
    5. Buena Vista Learning Academy 
    6. Edequette Training Institute 
    7. Excellent Minds Institute (Pty) Ltd 
    8. Giamanje TVET College 
    9. Growth Management Consulting 
    10. Hamonate Consulting 
    11. IQ Skills Academy (PTY) LTD. 
    12. Jobafrik Consulting 
    13. Josmap Training Institute 
    14. KOKANO PROJECTS PTY LTD 
    15. KYM MANAGEMENT CONSULTING 
    16. Lewerb Holdings (PTY) Ltd 
    17. Mafamawethu Consultants 
    18. Makoti Skills Development Solutions 
    19. Mamuhle Academy 
    20. MANCOSA Pty (Ltd) 
    21. Maritime Business Institute 
    22. MARS Business Consulting 
    23. MATEPE INVESTMENTS (PTY) LTD 
    24. Morar Incorporated - KZN 
    25. Mortarboard Training Solutions 
    26. MTK Corporate Solutions 
    27. Ndwamato Training Solutions (Pty) Ltd 
    28. Nemalale Eagles Consultancy CC 
    29. Pachedu Skills Solutions 
    30. Pachi Global Foundation 
    31. Pebetse Training and Consulting 
    32. Petra Institute of Development 
    33. PFIM Trading (Pty) Ltd 
    34. PMA Holdings (PTY ) LTD. 
    35. Progressive School of Business and Engineering (Pty) 
    36. PTDEV (Pty) Ltd 
    37. Reflections Development Institute 
    38. Regent Business School (Pty) Ltd t/a Regent Business School 
    39. Resonance Institue of Learning 
    40. Silalele Consulting CC. 
    41. Siletha Consultant 
    42. Siza Nesu Training and Consultants 
    43. South African Corporate Training Association 
    44. Tachfin Holdings 
    45. Tasc Business Consulting and Training 
    46. Tloumogale Business Development & Consulting 
    47. Transafric Consulting Pty Ltd 
    48. Tshepang Consulting & Project 
    49. Umqondo Consultancy 
    50. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    51. University of Pretoria 
    52. University of Venda 


    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.