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: 

Monitoring cash systems in retail/wholesale 
SAQA US ID UNIT STANDARD TITLE
8276  Monitoring cash systems in retail/wholesale 
ORIGINATOR
SGB Retail and Wholesale 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Wholesale and Retail 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  12 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 
2003-12-03  2006-12-03  SAQA 1351/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2007-12-03   2010-12-03  

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 
This is a core unit towards the qualification National Certificate in Retail/Wholesale Sales and Services. It is designed to integrate sound theory and cash management practice and to enable access to more formal systems for those moving from informal retail/wholesale environments 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Basic accounting principles at NQF 3 equivalent 

UNIT STANDARD RANGE 
The skills will need to be demonstrated using a wide range of currency forms including cash, cheques, drafts, travellers cheques, foreign currency, gift vouchers.

It will also be performed over a wide range of differing accounting systems from manual to electronic 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
The demonstrated ability to make decisions and consider options when: 
OUTCOME NOTES 
  • Preparing denominations of money and distributing cash floats to points of sale handling cash transactions in retail/wholesale outlets?

    Receiving and verifying incoming cash flow and replenishing cash floats at points of sale in retail/wholesale outlets?

    Monitoring cashing up procedures and reporting transactional discrepancies occurring at points of sale in retail/wholesale outlets?

    Reconciling and balancing cash received against payment details recorded at points of sale in retail/wholesale outlets?

    Preparing and securing cash and forms of payment received for depositing and collection in accordance with security procedures for retail/wholesale outlets 

  • ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The demonstrated ability to make decisions and consider options when: 
    ASSESSMENT CRITERION NOTES 
  • Preparing denominations of money and distributing cash floats to points of sale handling cash transactions in retail/wholesale outlets?

    Receiving and verifying incoming cash flow and replenishing cash floats at points of sale in retail/wholesale outlets?

    Monitoring cashing up procedures and reporting transactional discrepancies occurring at points of sale in retail/wholesale outlets?

    Reconciling and balancing cash received against payment details recorded at points of sale in retail/wholesale outlets?

    Preparing and securing cash and forms of payment received for depositing and collection in accordance with security procedures for retail/wholesale outlets 


  • UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Providers will be accredited against this standard by the Retail and Wholesale SETA. Moderation will be provided by the FETQA 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The demonstrated understanding of:?

    Organisational cash handling security procedures?

    Organisational start of day and cashing up procedures?

    Organisational procedures for reporting transactional discrepancies?

    Organisational procedures for securing cash for collection and depositing?

    Organisational accounting practices for performing cash reconciliations and preparing banking deposits 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO WORKING 
  • Work with others as a team when administering cashing up procedures so that cash amounts are verified and accurately recorded to minimise delays during reconciliations processes 

  • UNIT STANDARD CCFO ORGANISING 
  • Organise oneself and ones activities when preparing amounts of cash for pick-up and depositing so that cash is adequately secured and risk of theft is minimised. 

  • UNIT STANDARD CCFO COLLECTING 
  • Collect, organise and analyse information when reconciling cash transactions so that accurate cash balances are achieved against transactions recorded at points of sale 

  • UNIT STANDARD CCFO COMMUNICATING 
  • Communicate effectively when resolving transactional discrepancies so that the nature of the problem is clearly understood and appropriate measures are implemented to rectify the situation 

  • UNIT STANDARD ASSESSOR CRITERIA 
    The ability to produce all of the following types of evidence:

    This evidence should be verified by the Financial Manager?

    Perform organisational start of day, cash float reinstatement and cashing up procedures?

    Describe organisational procedures for preparing and securing cash for collection and depositing?

    Demonstrate techniques for monitoring cashing-up procedures and reporting transactional discrepancies
  • Perform reconciling cash payments received against payment details recorded at points of sale?

    Demonstrate procedures for preparing and securing cash for collection and depositing 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  48744   Further Education and Training Certificate: Beauty (Nail Technology)  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2011-02-16  Was SERVICES until Last Date for Achievement 
    Core  13719   National Certificate: Retail and Wholesale, Sales and Service Technology  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2006-12-03  W&RSETA 


    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.
     
    1. Buffalo City Public FET College - St Marks Campus 
    2. CAPE COLLEGE 
    3. Edutel Wholesale & Retail Academy 
    4. Foschini Retail Group Pty Ltd 
    5. Lewis Stores (pty) Ltd 
    6. New Clicks South Africa (Pty) Ltd 
    7. Northlink College - Protea Campus 
    8. Port Elizabeth Public FET College - Russell Road College 
    9. Shoprite Checkers 



    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.