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SayPro Buy Municipal Finance Training Material 48965
PURPOSE AND RATIONALE OF THE QUALIFICATION The purpose of the qualification is to enable qualifying learners to apply strategic level financial management competencies to ensure effective, efficient and economical utilisation of public funds and resources at local government level. Learners will develop competencies to manage strategic planning and budgeting processes, financial management processes and internal […]
Description
PURPOSE AND RATIONALE OF THE QUALIFICATION |
The purpose of the qualification is to enable qualifying learners to apply strategic level financial management competencies to ensure effective, efficient and economical utilisation of public funds and resources at local government level. Learners will develop competencies to manage strategic planning and budgeting processes, financial management processes and internal control, auditing and reporting processes. Individual learners will benefit through enhancing their personal competencies, knowledge and skills so as to be able to complete tasks required in their employment contracts and by legislation.
Business and commerce will benefit through this qualification as it will assure commonality of practice between public and private sector financial management practices. Social and economic transformation is a core responsibility of local government. Through increasing the financial management capacity of government office bearers and employees the social and economic programmes of government will be implemented effectively, efficiently and economically. The qualification serves to provide the opportunity for new and existing public sector employees to gain financial management competencies. In this light it serves to allow access to management positions for groupings previously excluded from such positions. Through providing financial management competencies South Africa’s democracy can be strengthened, through strengthening the ability of local government to deliver. Delivery of services, and most importantly of basic services will contribute to the social and economic development of the country. As individuals competencies improve, the quality as well as the effectiveness and efficiency of local government will improve. Managers with competencies in financial management will assure that all processes of budgeting, financial management, internal control, auditing and reporting meet the conditions of relevant legislation and in this way are accountable to the public. Rationale: The qualification is aimed at senior managers and future senior managers in local government. The typical learner will be an employee in local government, wishing to gain the competence to fulfil the requirements of his/her current job obligations or a municipal employee wishing to gain a qualification so as to advance his/her career opportunities. In addition persons seeking future employment in the local government sector may choose to complete the qualification. Persons employed in non-profit organisations and non-governmental organisations as well as private sector agencies which interface with local government would benefit from the qualification. Qualifying learners may operate at the level of executive mayor, executive councillors, councillors, municipal manager; chief financial officer; department managers; strategic managers and managers of municipal entities. Office bearers and employees at local government level are responsible for managing the provision of services to the community. The Constitution of the RSA (Act 108 of 1996) section 27 (1) states that all South Africans have the right to access health care services; sufficient food and water and social security. Section 27(2) requires the state to take reasonable measures within its available resources to provide these basic human rights. The state is also responsible for providing education for the community and managing all of the country’s resources. The constitution therefore allows the community to demand that services are met and that government office bearers and managers have the skills to take reasonable measures in providing services. Based on the parameters created by the Constitution a range of legislation has been promulgated to legislate the manner in which local government will manage public funds. The learning outcomes contained in this qualification are based on the competencies required to contribute to the decision-making and management of public funds. The learning outcomes are combined in 3 broad areas of competence;-
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LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
It is assumed that Learners undertaking this qualification are competent in:
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RECOGNISE PREVIOUS LEARNING? |
Y |
QUALIFICATION RULES |
Level, credits and learning components assigned to the qualification
Fundamental Component The Fundamental Component consists of two Unit Standards, one of which deals with consultation with stakeholders. Consultation is an important process in the setting and implementation of policy and procedures. This Unit Standard will enable learners to see the importance of consultation and provide them with the necessary skills to consult with stakeholders. The second Fundamental Standard deals with ethical behaviour, which is vitally important for municipal officials if public administration is to have credibility amongst the broad public. Both unit standards are compulsory. Core Component The Core Component consists of Unit Standards to the value of 136 credits, which deal with the core competencies required by municipal official in the areas of strategic planning and budgeting, financial management and internal control. All Standards are compulsory. Elective Component Learners are required to choose Unit Standards totaling a minimum of 12 credits from the Unit Standards from this component, which will enable the learner to obtain specialist insight into such matters as the use of technology in municipal administration, Internal Controls and Legislation and Performance Management. |
EXIT LEVEL OUTCOMES |
1. Demonstrate knowledge and critical understanding of municipal finance issues in general, and their areas of focus in particular.
2. Apply economic principles to municipal finance management. 3. Assess foundations and principles of municipal practice in South Africa. 4. Implement well-grounded and systematically developed principles in municipal financial management. 5. Proffer solutions to municipal service management and delivery problems. 6. Engage with the broader field of municipal finance management. 7. Support as a strategic management leader in the field of municipal finance management. 8. Contribute to others’ understanding of current and emerging municipal finance issues. 9. Demonstrate responsibility and adaptability as a professional in a municipality setting. |
ASSOCIATED ASSESSMENT CRITERIA |
1.
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INTERNATIONAL COMPARABILITY |
Australia
Australia, a Chief Financial Officer (CFO) in any level of government is expected either to be a Chartered or Certified Practicing Accountant. The qualification of a Chartered or Certified Practicing Accountant requires a minimum of a three-year degree, articles served over a three-year period and a further training course designed by the relevant professional body. Those who desire to move from a specialist senior management position to general management usually use their credits towards an MBA qualification and concentrate on study units relating to general and strategic management and industry specific units. The United Kingdom and Ireland The United Kingdom and Ireland, Financial Managers in Public Administration are expected to be members of the Chartered Institute of Public Finance and Accountancy (CIPFA) and to comply with their requirements. CIPFA promotes public sector finance management interest through its professional qualification and continuing professional development scheme; and through its regulatory role comprising the setting of professional standards and the maintenance of a professional disciplinary scheme for members. Kenya Kenya Accountants and Secretaries National Examination Board (KASNEB) is an examination body which registers learners and sets administers and manages accounting, finance, administration and management examinations both at professional and technician levels. The examinations of the Board are recognised worldwide and are comparable to similar professional examinations (ACCA and CIS) in the world. The Board administers the following four major examinations:
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ARTICULATION OPTIONS |
This qualification should articulate with the following qualifications:
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MODERATION OPTIONS |
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CRITERIA FOR THE REGISTRATION OF ASSESSORS |
Assessors and Moderators of this qualification should:
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REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2012; 2015. |
NOTES |
N/A |
UNIT STANDARDS: |
ID | UNIT STANDARD TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | CREDITS | |
Core | 116345 | Apply the principles of budgeting within a municipality | Level 5 | Level TBA: Pre-2009 was L5 | 15 |
Core | 116342 | Apply approaches to managing municipal income and expenditure within a multi-year framework | Level 6 | Level TBA: Pre-2009 was L6 | 15 |
Core | 116340 | Apply costing principles to municipal operational and service-based costing | Level 6 | Level TBA: Pre-2009 was L6 | 11 |
Core | 116339 | Apply risk management in South African municipalities | Level 6 | Level TBA: Pre-2009 was L6 | 10 |
Core | 116346 | Apply techniques and South African statutes to cash and investment management in a municipal environment | Level 6 | Level TBA: Pre-2009 was L6 | 10 |
Core | 116344 | Apply the Inter-governmental Fiscal Relations Act to municipal financial management | Level 6 | Level TBA: Pre-2009 was L6 | 10 |
Core | 116347 | Contribute to capital planning and financing | Level 6 | Level TBA: Pre-2009 was L6 | 15 |
Core | 116358 | Contribute to the strategic planning process in a South African municipality | Level 6 | Level TBA: Pre-2009 was L6 | 15 |
Core | 116362 | Manage a municipality’s assets and liabilities | Level 6 | Level TBA: Pre-2009 was L6 | 11 |
Core | 116353 | Participate in the design and implementation of municipal supply chain management | Level 6 | Level TBA: Pre-2009 was L6 | 12 |
Core | 116364 | Plan a municipal budgeting and reporting cycle | Level 6 | Level TBA: Pre-2009 was L6 | 8 |
Core | 116363 | Prepare and analyse municipal financial reports | Level 6 | Level TBA: Pre-2009 was L6 | 12 |
Fundamental | 116343 | Apply the principles of ethics in a municipal environment | Level 6 | Level TBA: Pre-2009 was L6 | 10 |
Fundamental | 116348 | Conduct stakeholder consultation around municipal finance programmes | Level 6 | Level TBA: Pre-2009 was L6 | 8 |
Elective | 116351 | Conduct auditing planning and implementation in a South African municipality | Level 5 | Level TBA: Pre-2009 was L5 | 12 |
Elective | 337063 | Demonstrate knowledge and insight into the principles of monitoring and evaluation in assessing organisation and/or programme performance in a specific context | Level 5 | Level TBA: Pre-2009 was L5 | 5 |
Elective | 337059 | Apply monitoring and evaluation approaches and tools to assess an organisation’s or programme’s performance in a specific context | Level 6 | Level TBA: Pre-2009 was L6 | 15 |
Elective | 116341 | Conduct performance management to a South African municipal environment | Level 6 | Level TBA: Pre-2009 was L6 | 12 |
Elective | 116357 | Design internal control and internal control evaluation framework | Level 6 | Level TBA: Pre-2009 was L6 | 8 |
Elective | 116361 | Interpret South African legislation and policy affecting municipal financial management | Level 6 | Level TBA: Pre-2009 was L6 | 8 |
Elective | 116360 | Manage information technology resources in a municipal finance environment | Level 6 | Level TBA: Pre-2009 was L6 | 8 |
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