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: 

Apply accounting principles and procedures in the preparation of reports and decision making 
SAQA US ID UNIT STANDARD TITLE
119350  Apply accounting principles and procedures in the preparation of reports and decision making 
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  15 
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:
  • Demonstrating an understanding of accounting principles and reporting requirements and nature of functions in the public sector
  • Using accounting techniques and approaches to process financial information
  • Applying end of period accounting procedures in the preparation of financial statements
  • Applying procedures necessary for control over cash transactions and balances
  • Utilising procedures for reporting and recording accounts receivables
  • Utilising procedures for recording and reporting on liabilities in the public sector 

  • 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 
    Demonstrate an understanding of accounting principles and reporting requirements and nature of functions in public sector. 
    OUTCOME RANGE 
    Accounting principles include but are not limited to matching, consistency, prudence, substance over form, conservatism, going concern and fair presentation, GRAP 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The public sector accounting environment is explained in the context of the public sector. 

    ASSESSMENT CRITERION 2 
    The nature of accounting principles, concepts and organisations influencing the development of accounting practice for the public sector are explained. 

    ASSESSMENT CRITERION 3 
    Appropriate accounting systems and procedures are derived and implemented in the public sector environment. 

    ASSESSMENT CRITERION 4 
    Treasury guidelines relating to accounting are explained. 

    ASSESSMENT CRITERION 5 
    Understand the importance of maintaining accounting records that are updated timely. 

    ASSESSMENT CRITERION 6 
    Understand the different financial reports to support management and decision-making in the public sector. 

    ASSESSMENT CRITERION 7 
    Understand the difference between the cash and accrual basis of accounting. 

    SPECIFIC OUTCOME 2 
    Use accounting techniques and approaches to process financial information. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The different accounting records that are necessary to process financial information are prepared. These include the general ledger, cash books, fixed asset registers and stores ledgers. 

    ASSESSMENT CRITERION 2 
    Regular reports on the financial position, financial performance and cash-flow are prepared in-year and analysed. 
    ASSESSMENT CRITERION RANGE 
    Range statement Includes but not limited to all requirements to prepare in-year reports and to analyse and interpret financial trends and ratios.
     

    ASSESSMENT CRITERION 3 
    Present information to decision-makers on the performance against the budget. 

    ASSESSMENT CRITERION 4 
    The use and role of the standard charts of accounts in the public sector is explained. 

    SPECIFIC OUTCOME 3 
    Apply end of period accounting procedures in the preparation of financial statements. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Appropriate end of period accounting procedures are used to finalise selected financial statements. 

    ASSESSMENT CRITERION 2 
    End of period transactions and events are recognized, measured and recorded in finalizing financial statements in accordance with standards applying to the public sector. 

    ASSESSMENT CRITERION 3 
    Year-end financial statements are reviewed and presented for approval to the appropriate person in the prescribed format. 

    SPECIFIC OUTCOME 4 
    Apply procedures necessary for control over cash transactions and balances. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Sound procedures for recording of cash receipts and payments are applied. 

    ASSESSMENT CRITERION 2 
    Regular reconciliations are prepared. 

    ASSESSMENT CRITERION 3 
    The principles and procedures underlying procedures of petty cash funds in the public sector are identified and explained. 

    ASSESSMENT CRITERION 4 
    Generally recognized internal controls of principles are applied in the handling of cash receipts and payments. 

    SPECIFIC OUTCOME 5 
    Utilise procedures for reporting and recording accounts receivables. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Sound procedures for issuing invoices for services rendered are applied. 

    ASSESSMENT CRITERION 2 
    Account receivable ledgers are maintained and reconciled. 

    ASSESSMENT CRITERION 3 
    An age analysis is prepared to monitor debtor payments effectively. 

    ASSESSMENT CRITERION 4 
    Collections of bad debts and reports related thereto are completed. 

    ASSESSMENT CRITERION 5 
    All legalities pertaining to the handling over of bad debt accounts are adhered to. 

    ASSESSMENT CRITERION 6 
    Discounts and interest calculations are determined for accounts receivable according to agreed payment terms. 

    SPECIFIC OUTCOME 6 
    Utilise procedures for recording and reporting on liabilities in the public sector. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Records of liabilities and their measurements are compiled and reconciled. 

    ASSESSMENT CRITERION 2 
    Interest is calculated on liable amounts 

    ASSESSMENT CRITERION 3 
    Discounts are calculated according to payment terms and conditions 


    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:
  • Accounting techniques
  • Legislation, regulatory frameworks, policies and procedures that apply to accounting in public sector finance and administration
  • Financial statements
  • GAAP 

  • 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 manage accounts effectively and according to procedures 

    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 consolidate into financial statements and reports 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to ensure that accounting reports are completed within given timeframes 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and crtically evaluate information in order to assess any discrepancies 

    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 accounting/financial information 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in ensuring that accounting 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 financial decision making 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 accounting practices and regulatory requirements are adhered to within the public sector finance and administration 

    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 
    Elective  50081   Further Education and Training Certificate: Leadership Development  Level 4  NQF Level 04  Reregistered  2023-06-30  LG SETA 
    Elective  50205   National Certificate: Municipal Integrated Development Planning  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  LG SETA 
    Elective  58395   National Certificate: Project Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  SERVICES 
    Elective  50060   National Certificate: Public Administration  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  PSETA 
    Elective  57805   National Certificate: Public Sector Employment and Skills Development Practices  Level 5  Level TBA: Pre-2009 was L5  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. Acorser Corporate and Business Consulting Cc 
    2. African Global Skills Academy 
    3. Afriwealth Consulting 
    4. Akadon Trading (Pty) Ltd 
    5. Akhona Skills Fountain and Trading 
    6. All Access Holdings 
    7. All Sorts 108 Skills Development PTY (Ltd) 
    8. Almenta 240 
    9. Alpha Business Consultants 
    10. Amadube Investments CC 
    11. Amandla Obunye Training Academy 
    12. Amber Tower Training 
    13. Asiphokuhle Training and Research Institute 
    14. ATTI Polokwane 
    15. Aubrey Nyiko Business Enterprises 
    16. Avenida Training Agency (Pty) Ltd 
    17. Aviwe BDS 
    18. Bantubanye Skills 
    19. BDCE 
    20. BESO Business Empowerment Solutions CC 
    21. Bikologix Projects 
    22. Bokatoka Construction and Projects 
    23. Boland TVET College 
    24. Bono Skills Development (PTY) Ltd 
    25. BROAD MINDSET TRAINING 
    26. Broadmind Leadership Development and Training (Pty) Ltd 
    27. Bruniquel & Associates 
    28. Camblish Training Institute 
    29. CB Willemse Training 
    30. Centre for Africa Capacity Building and Development (Pty) Ltd 
    31. Century Business Academy 
    32. Change Strategies Consulting Services CC 
    33. College of Cape Town 
    34. Concepts of Sustainable Management (CSM) 
    35. Cradle Stars Trading Enterprise 
    36. CTC College(PTY) LTD. 
    37. Dee's Training (PTY) LTD 
    38. Development Bank of Southern Africa (DBSA) 
    39. Dijama Training Academy 
    40. DM Training Consultants 
    41. E-Login Business Institute (Pty) Ltd 
    42. Edutel Public Service Company 
    43. Elective Training Institute Enterprise CC 
    44. Eskilz College (Pty) Ltd 
    45. ETAMIC PTY LTD 
    46. Euro Blitz 
    47. Evers Xcellence Management Consulting 
    48. Excellent Minds Institute (Pty) Ltd 
    49. Extribyte (Pty) Ltd 
    50. Eyamalwandle (Pty) Ltd 
    51. Fachs Business Consulting and Training 
    52. Falcon Business Institute 
    53. Faranang Marketing 
    54. Fire Protection Association of Southern Africa 
    55. Fort Hare Trading Solutions (Pty) Ltd 
    56. Free State Training and Development Institute 
    57. Frugatrax Consultants 
    58. GATYANA TRAINING ACADEMY 
    59. Gatyana Training Academy (Pty) Ltd 
    60. Genvio cc 
    61. Giant Alive Services 
    62. Glere Skills and Consultants 
    63. Glicam Trading Enterprise 
    64. GOBELA CONSULTING 
    65. Hadima Training Academy 
    66. Harvitex cc 
    67. Health Science Academy 
    68. Highveld Training Academy and Business Solutions 
    69. Hlombe and Associates 
    70. i-Fundi 
    71. IALE School of Advanced Learning Education 
    72. ICM t/a Institute for Career Management 
    73. iCollege 
    74. IGKM Management Services (Pty) Ltd 
    75. Ikhaya Training and Consulting 
    76. Imperium Consulting (Pty) Ltd 
    77. Inafrica General Trading Pty LTD 
    78. Innovation Sovereigns 
    79. Innovative Technology Design 
    80. Institute of Public Affairs and Governance PTY (LTD) 
    81. Isiphephelo Consultants 
    82. Itumeleng Wellness Solutions 
    83. Izwelethu Black Diamond 
    84. JIT Projects 
    85. Johsie Enertprise 
    86. Josmap Training Institute 
    87. K Shabangu FET College 
    88. Kcobodo Training Centre (KTC) 
    89. KMS College 
    90. Konwaba Training Solutions 
    91. Le - Mark Training and Development Pty (Ltd) 
    92. Lead Afrika Consulting (Pty) Ltd 
    93. Learncore (Pty) Ltd 
    94. Letlhokoa Management Services 
    95. LETZAA Group 
    96. Lip Holding (pty) LTD 
    97. LMMM Training and Development 
    98. Lungile Mchunu Consultancy (Pty) Ltd 
    99. Lusa Social Enterprenueship Institute (PTY)LTD 
    100. Mafamawethu Consultants 
    101. Magumzane Traiding cc 
    102. Majuba Technical Vocational Education and Training College 
    103. Makana Empire 
    104. Makaota Training Consultants 
    105. Makgoka Development Facilitation (PTY) Ltd. 
    106. Mamuhle Academy 
    107. Management College of Southern Africa (MANCOSA) 
    108. MAOTOLA 
    109. Maritime Business Institute 
    110. MARS Business Consulting 
    111. MAS SAFE SECURITY CC 
    112. Matprodev Consulting 
    113. Milpark Education (Pty) Ltd 
    114. Mission Point Consulting 
    115. MJ Mafunisa Consulting (PTY) LTD 
    116. Mmalethabo Consulting 
    117. MML Consulting CC. 
    118. MOD - MOSH Projects and Consulting 
    119. Mohlaje Solutions (Pty) Ltd 
    120. Motheo Skills Entity 
    121. Mowils Consultants 
    122. MTK Corporate Solutions 
    123. MUHANGWENE DEVELOPMENT ENTERPRISE 
    124. Nalengmokoni Investors (Pty) Ltd 
    125. Nare Training and Development 
    126. Networx for Career Development 
    127. New Generation Skills 
    128. Nkqubela Community Developers 
    129. Nokusho M Consulting and Trading 
    130. NokushoM Consultancy and Trading 
    131. Nonunu Projects 
    132. Nvsion Consulting 
    133. Nwedzi Consultancy 
    134. Ontoanetse Consulting 
    135. Onyx Training Support 
    136. Orbit TVET College 
    137. Outeniqua Leadership Institute 
    138. Pax Projects 
    139. Pebetse Training and Consulting 
    140. Pholo Human Capital (Pty) Ltd 
    141. Phunda Maria Consulting 
    142. Pioneer Business Consulting 
    143. PMA Holdings (PTY ) LTD. 
    144. Positive Thinking Consultants cc 
    145. Practicon Training 
    146. Primeserv Corporate Solutions 
    147. Princetop Corporative Training (Pty) Ltd 
    148. Prospen Group (Pty) Ltd 
    149. PTDEV (Pty) Ltd 
    150. Pulakgadi Training Consulting CC 
    151. Quintax Training and Development 
    152. Ramazwi Security Service and Training Agency (Pty) Ltd 
    153. Rams Professional Training and Conferencing 
    154. Rationalise Zoe Discussions 
    155. RCG Markets 
    156. Reflections Development Institute 
    157. Regen Institute of Leadership and Management Education 
    158. Regenesys School of Public Management 
    159. Regent Business School (Pty) Ltd t/a Regent Business School 
    160. Resonance Institue of Learning 
    161. Ritepath HR Solutions 
    162. Saint Colonel Graduate Institute 
    163. Shirs Vision Compleadev 
    164. Silalele Consulting CC. 
    165. Silver Streak Trading 649 CC 
    166. Sisekelo Sustainability Institute 
    167. SIZA NESU TRAINING AND DEVELOPMENT 
    168. Skills Development Professionals Pty Ltd 
    169. Skills Share Africa Institute 
    170. South Africa School of Diplomacy, Protocol and Public Administration 
    171. South African ABET Development Agency SAADA 
    172. South African Corporate Training Association 
    173. South African Governance and Business College 
    174. South West Gauteng College - Molapo Campus 
    175. Southern African Institute of Learning 
    176. STARPLEX 408 CC 
    177. Step Ahead Academy (Pty) Ltd 
    178. Tachfin Holdings 
    179. Talent Centre Training 
    180. Talent Emporium Academy (PTY) Ltd 
    181. Talent Stream 
    182. Tasc Business Consulting and Training 
    183. TCNS Resources (PTY) Ltd 
    184. Tembe Service Providers 
    185. Thasha Training and Consulting 
    186. The Crimson CO CC. 
    187. The Finishing College 
    188. The Finishing College (Pty) Ltd 
    189. The Iscariota Group 
    190. Thinking Mind Trading 
    191. Thobologo Training and Education Group (Pty) Ltd 
    192. Thubelihle Graduate Institute 
    193. Thubelihle Graduate Institute (Pty) Ltd 
    194. Thuto-Boswa Education and Training Solution 
    195. Timnet Management Consulting 
    196. Tloumogale Business Development & Consulting 
    197. Tonex Management Solutions (Pty) Ltd 
    198. Tradesman Consulting and Training Solutions 
    199. TRAINING YOUNG MINDS 
    200. Transafric Consulting Pty Ltd 
    201. Tru-ThoughtsTrading and Projects 
    202. Tshamutengu General Trading 
    203. Tshepang Consulting & Project 
    204. Tshwane Training Institute (PTY) LTD. 
    205. Tummo Development Enterprise 
    206. TWINMARK STRATEGY AND MANAGEMENT CONSULTANTS 
    207. Ubuqhawe Consulting (Pty) Ltd 
    208. Ukwakhile Projects (PTY) Ltd 
    209. Umfolozi College for TVET 
    210. Umfolozi FET College 
    211. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    212. University of Pretoria 
    213. Vala Nge Bhetshu Human Capital Development (Pty) Ltd 
    214. VARGASOL TRAINING INSTITUTE 
    215. Vibra Skills CC. 
    216. Vicmat Consultants 
    217. Vumilia Africa Group 
    218. Vusheni Learning Academy 
    219. Wasteng (PTY) Ltd 
    220. WEINVEST INVESTMENT CC 
    221. Weinvest Investments 
    222. World Pace Development and Training Institute 
    223. Yamangcuse Consulting 
    224. Your Human Resources Solutions 
    225. Ziyana Business Consulting and Training (Pty) Ltd 



    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.