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: 

Process banking transaction record reports 
SAQA US ID UNIT STANDARD TITLE
7112  Process banking transaction record reports 
ORIGINATOR
SGB Financial Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 3  NQF Level 03 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 
2003-12-03  2004-08-11  SAQA 1351/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2005-08-11   2008-08-11  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
114772  Process banking transaction record reports  Level 3  NQF Level 03  Complete 

PURPOSE OF THE UNIT STANDARD 
Persons credited with this unit standard will be able to identify the items that need to be checked, scrutinise the accuracy of capturing and resolve any discrepancies. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Open 

UNIT STANDARD OUTCOME HEADER 
Identify items that need to be checked. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Identify items that need to be checked. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Transactions appearing on the transaction record report and needing to be checked, are identified according to the bank's guidelines. 
ASSESSMENT CRITERION RANGE 
Including but not limited to amounts of transactions, transactions to certain accounts.
 

ASSESSMENT CRITERION 2 
2. The presence of all necessary vouchers is checked according to the bank's procedures. 

ASSESSMENT CRITERION 3 
3. Vouchers are sorted in accordance with the bank's procedures. 
ASSESSMENT CRITERION RANGE 
Including but not limited to amounts, date, debits and credits.
 

SPECIFIC OUTCOME 2 
Scrutinise the accuracy of capturing. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The selected vouchers are ticked off as required by the bank's procedures. 
ASSESSMENT CRITERION RANGE 
Including but not limited to account number, name, acount, serial numbers, VAT codes, special capturing references, number of vouchers.
 

ASSESSMENT CRITERION 2 
2. Discrepancies are identified and the errors are annotated as required by the bank. 

ASSESSMENT CRITERION 3 
3. System generated entries are validated in accordance with the bank's procedures. 

SPECIFIC OUTCOME 3 
Resolve discrepancies. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Discrepancies are investigated according to the bank's procedures. 

ASSESSMENT CRITERION 2 
2. Corrective measures are determined according to the discrepancy identified and as required by the bank. 

ASSESSMENT CRITERION 3 
3. Reports with corrective instructions are annotated as required by the bank. 

ASSESSMENT CRITERION 4 
4. The transaction record report and vouchers are returned to the relevant department as required by the bank's procedures. 

ASSESSMENT CRITERION 5 
5. The corrective action taken is checked for compliance with the bank's requirements. 

SPECIFIC OUTCOME 4 
Sign off the report. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The presence of the vouchers is recorded as required by the bank. 

ASSESSMENT CRITERION 2 
2. All necessary documentation is attached as required by the bank. 

ASSESSMENT CRITERION 3 
3. The report and vouchers are passed on for further scrutiny in accordance with the bank's procedures. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1. Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.

2. 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.

3. Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

Therefore anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution which is accredited by the relevant ETQA. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • an understanding of all relevant banking policies and procedures.
  • an understanding of the workflow.
  • operating and computer systems knowledge sufficient to locate the necessary information and complete the task.
  • an understanding of operational risk.
  • relevant security precautions. 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    To identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made when discrepancies are identified and the errors are annotated as required by the bank. 

    UNIT STANDARD CCFO WORKING 
    To work effectively with others as a member of a team, group, organisation and community when the transaction record report and vouchers are returned to the relevant department as required by the bank's procedures. 

    UNIT STANDARD CCFO COLLECTING 
    To collect, organise and critically evaluate information when corrective measures are determined according to the discrepancy identified and as required by the bank. 

    UNIT STANDARD CCFO SCIENCE 
    To use science and technology effectively and critically (showing responsibility towards the environment and health of others) when system generated entries are validated in accordance with the bank's procedures. 

    UNIT STANDARD CCFO DEMONSTRATING 
    To demonstrate an understanding of the world as a set of related systems when the report and vouchers are passed on for further scrutiny in accordance with the bank's procedures. 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 114772, which is "Process banking transaction record reports", 6 credits, NQF Level 3 , as from 11 August 2004.

    Legal Requirements:

    All procedures must meet recognised codes of practice as well as obligations required under current legislation within South Africa and within the normal parameters of the defined job/task. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20184   National Certificate: Banking  Level 3  NQF Level 03  Reregistered  2023-06-30  BANKSETA 


    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.
     
    NONE 



    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.