Financial Reporting in Terms of SCoA

Learning Unit 1: Determine the Economic Classification
Learning Unit 2: Interpret Financial Transactions for Economic Classification

Who should Attend ?

Individuals in the public sector (including National and Provincial Government).

Financial practitioners and individuals who have an interest in public sector financial matters.

What are the benefits ?

The benefits of this skills programme include:
• a clear understanding of the differences between immediate and ultimate use concepts to assist with determining the economic classification;
• a clear understanding of the differences between own-account and outsourced concepts to assist with determining transaction classification;
• a practical understanding of the correct classification treatment of repairs, maintenance, rehabilitation, refurbishment, upgrades and additions;
• understanding the impact that incorrect classification has on the quality of financial reporting;
• understanding the inter-relationships between the different SCoA segments and how this can be applied to assist with the correct classification of transactions; and
• practical exposure to the different sources of information and user aids available to assist users with the correct economic classification of transactions with the ERF and the SCoA.


Four day contact session combined with practical workplace experience.

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Aligned Unit Standards

UnitIDTitleNQF LevelCredits
377893Use Standard Chart of Accountants (SCOA) to interpret financial transactions for economic classification54
377973Classify, analyse and report on the economic classification using all segments of the Standard Chart of Accounts (SCOA)63
Entry Requirements

The credit calculation in the relevant unit standards is based on the assumption that learners are competent in the course:
•Using SCoA for the Allocation of Receipts and Payments (US 377934, US 377953 and US 377993).