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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:
Demonstrate an understanding of basic accounting practices
SAQA US ID UNIT STANDARD TITLE
13999
Demonstrate an understanding of basic accounting practices
ORIGINATOR
ORIGINATING PROVIDER
Interim SGB for Business, Commerce,
Mgmnt Studies
QUALITY ASSURING BODY
FIELD
SUBFIELD
Field 03 - Business, Commerce and Management Studies
Generic Management
ABET BAND
UNIT STANDARD
TYPE
PRE-2009 NQF
LEVEL
NQF LEVEL
CREDITS
ABET Level
4
Regular
Level 1
NQF Level 01
4
REGISTRATION STATUS
REGISTRATION
START DATE
REGISTRATION
END DATE
SAQA DECISION
NUMBER
Reregistered
2012-07-01
2015-06-30
SAQA 0695/12
LAST DATE FOR ENROLMENT
LAST DATE FOR ACHIEVEMENT
2016-06-30
2019-06-30
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
A candidate credited with this general competence will be able to: demonstrate an understanding of basic
accounting skills.
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING
Numeracy ABET Level 3.
Specific Outcomes and Assessment Criteria:
SPECIFIC OUTCOME 1
Explain the cycle of recording transactions and relevant terminology.
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ASSESSMENT CRITERIA
ASSESSMENT CRITERION 1
1. Accounting transactions are explained.
ASSESSMENT CRITERION 2
2. Accounting terminology is explained.
ASSESSMENT CRITERION RANGE
Assets, Liabilities, Owners Equity, Income, Expenditure, Receipts, Payments, Profits etc.
ASSESSMENT CRITERION 3
3. The cycle of recording transactions is explained and demonstrated.
ASSESSMENT CRITERION RANGE
Source documents, subsidiary journals, ledger, trial balance, final accounts
SPECIFIC OUTCOME 2
Explain and demonstrate an understanding of source documents.
ASSESSMENT CRITERIA
ASSESSMENT CRITERION 1
1. The concept source document is explained.
ASSESSMENT CRITERION 2
2. Different types of source documents are identified.
ASSESSMENT CRITERION RANGE
Receipts, invoices, petty cash vouchers, cheque counterfoils, etc.
ASSESSMENT CRITERION 3
3. The understanding to complete source documents is demonstrated.
ASSESSMENT CRITERION RANGE
Receipts, invoices, petty cash vouchers, cheque counterfoils, etc.
ASSESSMENT CRITERION 4
4. The relevance of source documents is analysed.
ASSESSMENT CRITERION RANGE
Storage, keeping it in proper sequence, etc.
SPECIFIC OUTCOME 3
Explain the purpose of each subsidiary journal.
ASSESSMENT CRITERIA
ASSESSMENT CRITERION 1
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1. The concept subsidiary journal is explained.
ASSESSMENT CRITERION 2
2. Types of subsidiary journals are identified and discussed.
ASSESSMENT CRITERION RANGE
Cash receipts journal, cash payments journal, petty cash journal, debtors journal, etc.
ASSESSMENT CRITERION 3
3. The use of each subsidiary journal is justified.
ASSESSMENT CRITERION RANGE
Cash receipts journal for all receipts, Cash payments journal for all payments, etc.
SPECIFIC OUTCOME 4
Prepare subsidiary journals.
ASSESSMENT CRITERIA
ASSESSMENT CRITERION 1
1. The relationship between source documents and subsidiary journals is expressed.
ASSESSMENT CRITERION RANGE
Receipts to cash receipts journal, cheque counterfoils to cash payments journal, petty cash vouchers to
petty cash journal, etc.
ASSESSMENT CRITERION 2
2. The correct recording of entries from the source documents into subsidiary journals is demonstrated.
ASSESSMENT CRITERION RANGE
Practical exercises - from source documents to subsidiary journals
ASSESSMENT CRITERION 3
3. The understanding of closing the subsidiary journals at the end of each month is demonstrated.
ASSESSMENT CRITERION RANGE
Practical exercises - subsidiary journals closed off
SPECIFIC OUTCOME 5
Post subsidiary journals to the general ledger.
ASSESSMENT CRITERIA
ASSESSMENT CRITERION 1
1. The purpose of the general ledger is explained.
ASSESSMENT CRITERION 2
2. The sections of the general ledger is explained.
ASSESSMENT CRITERION RANGE
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Balance sheet section, Nominal Accounts Section, Final accounts section
ASSESSMENT CRITERION 3
3. The understanding of the posting from the subsidiary journal is explained, and demonstrated.
ASSESSMENT CRITERION RANGE
Double-entry system, practical exercises: from subsidiary journals to ledger
SPECIFIC OUTCOME 6
Prepare the final statements.
ASSESSMENT CRITERIA
ASSESSMENT CRITERION 1
1. The final statements of business' are identified and explained.
ASSESSMENT CRITERION RANGE
Income statements, balance sheet
ASSESSMENT CRITERION 2
2. The purpose of final statements is explained.
ASSESSMENT CRITERION RANGE
Calculate profit /loss, etc.
ASSESSMENT CRITERION 3
3. The understanding to complete an income statement from the given information is demonstrated.
ASSESSMENT CRITERION RANGE
Practical exercises - from trial balances to income statements
ASSESSMENT CRITERION 4
4. The understanding to complete a balance sheet from the given information is demonstrated.
ASSESSMENT CRITERION RANGE
Practical exercises: from trial balances and income statements to balance sheets.
UNIT STANDARD DEVELOPMENTAL OUTCOME
1.
2.
3.
4.
5.
Reflecting on and exploring a variety of strategies to learn more effectively;
Participating as responsible citizens in the life of local, national and global communities;
Being culturally and aesthetically sensitive across a range of social contexts;
Exploring education and career opportunities; and
Developing entrepreneurial opportunities.
Critical Cross-field Outcomes (CCFO):
UNIT STANDARD CCFO IDENTIFYING
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Identify and solve problems in which responses display that responsible decisions using critical and creative
thinking have been made.
UNIT STANDARD CCFO WORKING
Work effectively with others as a member of a team, group, organisation and community.
UNIT STANDARD CCFO ORGANISING
Organise and manage oneself and one`s activities responsibly and effectively.
UNIT STANDARD CCFO COLLECTING
Collect, analyse, organise and critically evaluate information.
UNIT STANDARD CCFO COMMUNICATING
Communicate effectively using visual, mathematical and/or language skills in the modes of oral and/or written
presentation.
UNIT STANDARD CCFO SCIENCE
Use science and technology effectively and critically, showing responsibility towards the environments and
health of others.
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.
QUALIFICATIONS UTILISING THIS UNIT STANDARD:
ID
Core
Core
Core
Fundamental
Fundamental
Elective
QUALIFICATION TITLE
PRE2009
NQF
LEVEL
General Education and
24153
Training Certificate: Adult
Level 1
Basic Education and Training
61755
General Education and
Training Certificate: Business Level 1
Practice
64909 National Certificate: Small
Scale Mining
22971
General Education and
Training Certificate:
Conservation
NQF
LEVEL
STATUS
QUALITY
END
ASSURING
DATE
BODY
Passed the
Was ETDP
2008NQF Level End Date SETA until
0901
Status was
Last Date for
13
"Reregistered"
Achievement
NQF Level
Reregistered
01
201506SERVICES
30
Level 2
NQF Level
Reregistered
02
201506MQA
30
Level 1
NQF Level
01
Passed the
2012End Date 06CATHSSETA
Status was
30
"Reregistered"
22190 General Education and
Level 1
Training Certificate: Tourism
Passed the
2012NQF Level End Date 06CATHSSETA
01
Status was
30
"Reregistered"
General Education and
Training Certificate: Adult
Level 1
Basic Education and Training
As per
Learning
2015Programmes
06recorded
30
against this
Qual
71751
http://regqs.saqa.org.za/showUnitStandard.php?id=13999
NQF Level
Reregistered
01
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Elective
Elective
Elective
Elective
50584 General Education and
Level 1
Training Certificate: Clothing
Manufacturing Processes
NQF Level Reregistered
01
20183
20288
2015- FPMSETA
0630
National Certificate: Banking
Level 2
NQF Level
Reregistered
02
201506BANKSETA
30
National Certificate: Farming
Level 2
NQF Level
Reregistered
02
201506AgriSETA
30
Level 2
Was
Passed the
2008- W&RSETA
NQF Level End Date 11until Last
02
Status was
26
Date for
"Reregistered"
Achievement
48969 National Certificate: Service
Station Operations
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 Quality Assuring Bodies 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 Quality Assuring Body
should be notified if a record appears to be missing from here.
1.
AFrican Dream Campus
2.
AGB Mathe Business Services
3.
Aldabri(PTY) Ltd
4.
Anglo American - Union Section
5.
Aranda Learnership College
6.
Aranda Textile Mills Pty Ltd
7.
Arrow Creek Investments (Pty) Ltd T/A Avisa Academy of Learning (PRETO
8.
Award Media (Pty) Ltd T/A Award Training (PORT ELIZABETH) (TP)
9.
Birnam Business College
10.
Blackbird Trading 168 cc T/A Blackbird Training Centre (CAPE TOWN) (TP
11.
Boston City Campus and Business College (PTY) Ltd
12.
BPC HR Solutions (PRETORIA) (TP)
13.
BRAINWAVE PROJECTS 707 (PTY) LTD
14.
CAROLINE'S FASION INTERPRISE
15.
CENTRAL BUSINESS ACADEMY (PTY) LTD
16.
DRB & A
17.
Eddels Shoes Pty Ltd
18.
Elgin Learning Foundation
19.
Entecom CC
20.
HARMONY GOLD MINING COMPANY LIMITED
21.
Insite Settlements Network
22.
KLM EMPOWERED HUMAN SOLUTIONS SPECIALISTS (PTY)LTD
23.
Letlotlo Trust T/ Rafiki Consultants (BLOEMFONTEIN) (TP)
24.
MINTEK
25.
OnTrack Learning Solutions CC
26.
Seoposengoe Training Consultancy
27.
Sew Africa Training Centre
28.
SIMMUNYE TRAINING SOLUTIONS CC
29.
Siyaloba Training Academy
30.
SIYAYA SKILLS INSTITUTE
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31.
SIYEMBA HOLDINGS
32.
Spilamart cc T/A 1st Safety & Training (SABIE) (TP)
33.
Spring Lights 141 (Pty) Ltd T/A MPC College (DURBAN) (TP)
34.
Spurami (Pty) Ltd T/A NETA (PORT ELIZABETH) (TP)
35.
Western Cape Learnership Centre (Clothing) (Pty) Ltd
36.
Wildbreak 242 (Pty) Ltd (NELSPRUIT) (TP)
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.
http://regqs.saqa.org.za/showUnitStandard.php?id=13999
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