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: 

Ensure the correctness of internal bank vouchers 
SAQA US ID UNIT STANDARD TITLE
7116  Ensure the correctness of internal bank vouchers 
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
114774  Ensure the correctness of internal bank vouchers  Level 3  NQF Level 03  Complete 

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

UNIT STANDARD OUTCOME HEADER 
Scrutinise the internal transaction vouche 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Scrutinise the internal transaction vouchers. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Vouchers are received from the sorter as per the bank's procedures. 

ASSESSMENT CRITERION 2 
2. Care is taken to ensure that all vouchers are received according to the bank's procedures. 

ASSESSMENT CRITERION 3 
3. All transaction vouchers are examined for completeness as required by the bank. 
ASSESSMENT CRITERION RANGE 
Including but not limited to correct preparation, date stamp, authentication, validity.
 

ASSESSMENT CRITERION 4 
4. All invoices, receipts and supporting documentation are attached to the voucher, as required by the bank. 

ASSESSMENT CRITERION 5 
5. Invoices are annotated according to the bank's procedures. 
ASSESSMENT CRITERION RANGE 
Including but not limited to paid, dated with date of payment, cheque number of bank cheque.
 

ASSESSMENT CRITERION 6 
6. All vouchers are initialled in the manner required by the bank as evidence of examination. 

ASSESSMENT CRITERION 7 
7. Vouchers are scrutinised for compliance with legislation and internal rulings. 
ASSESSMENT CRITERION RANGE 
Including but not limited to VAT, tax, admissable expenses, accounting practices.
 

ASSESSMENT CRITERION 8 
8. Vouchers are checked for authorisation by people of the appropriate seniority according to the bank's procedures. 

SPECIFIC OUTCOME 2 
Ensure that vouchers and reports are stored correctly. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The necessary steps are taken for the storage of revenue and expenditure vouchers as required by the bank. 

ASSESSMENT CRITERION 2 
2. The necessary steps are taken for the storage - with easy access - of inspection vouchers as required by the bank. 

ASSESSMENT CRITERION 3 
3. The necessary steps are taken to ensure that schedules and registers are updated for loss, unclaimed balances and low cost entries as required by the bank. 


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 ORGANISING 
    To organise and manage oneself and one's activities responsibly and effectively when all invoices, receipts and supporting documentation are attached to the voucher, as required by the bank. 

    UNIT STANDARD CCFO COMMUNICATING 
    To communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations when the necessary steps are taken to ensure that schedules and registers are updated for loss, unclaimed balances and low cost entries as required by the bank. 

    UNIT STANDARD CCFO DEMONSTRATING 
    To demonstrate an understanding of the world as a set of related systems when vouchers are scrutinised for compliance with legislation and internal rulings. 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 114774, which is "Ensure the correctness of internal bank vouchers", Credits 2, NQF Level 3 as from 11 Aug 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.