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: |
Understand the Petty Cash system |
SAQA US ID | UNIT STANDARD TITLE | |||
117418 | Understand the Petty Cash system | |||
ORIGINATOR | ||||
SGB GET & FET Business, Commerce and Mngment Stud | ||||
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 | 3 |
REGISTRATION STATUS | REGISTRATION START DATE | REGISTRATION END DATE | SAQA DECISION NUMBER | |
Passed the End Date - Status was "Reregistered" |
2018-07-01 | 2023-06-30 | SAQA 06120/18 | |
LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
2024-06-30 | 2027-06-30 |
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 |
Learners credited with this unit standard will be able to maintain and record the petty cash of an organisation. |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
UNIT STANDARD RANGE |
A person may exhibit this competence in the private and/ or the public sector. |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Disburse money for Petty Cash transactions. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Source documents are identified correctly |
ASSESSMENT CRITERION 2 |
Request for Petty Cash is received, validated and authorised according to company policy |
ASSESSMENT CRITERION 3 |
Cash is issued as per authorised request |
ASSESSMENT CRITERION 4 |
Cash slip and change received is reconciled accurately |
ASSESSMENT CRITERION 5 |
Petty Cash voucher is completed and till slip is attached in accordance with purchases made |
SPECIFIC OUTCOME 2 |
Recording Petty Cash transactions. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
The Petty Cash vouchers are numbered in sequence according to company policy |
ASSESSMENT CRITERION 2 |
Petty Cash vouchers are correctly recorded in the Petty Cash Book or Petty Cash Journal |
ASSESSMENT CRITERION 3 |
Petty Cash analysis columns are totalled accurately |
ASSESSMENT CRITERION 4 |
Petty cash vouchers are correctly filed according to company policy |
SPECIFIC OUTCOME 3 |
Restore imprest amount. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
The amount of the Petty Cash float is indicated as required by company |
ASSESSMENT CRITERION 2 |
Amount required to restore imprest amount is calculated correctly |
ASSESSMENT CRITERION 3 |
Money in cash box is reconciled with Petty Cash Book balance |
ASSESSMENT CRITERION 4 |
Amount required is requested according to required coins and notes |
ASSESSMENT CRITERION 5 |
Coins and notes received is counted and placed in cash box |
SPECIFIC OUTCOME 4 |
Control Procedures for Petty Cash are adhered to. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Petty Cash float is secured according to company policy |
ASSESSMENT CRITERION 2 |
The Petty Cash float is regularly reconciled with Petty Cash Book |
ASSESSMENT CRITERION 3 |
Discrepancies are investigated and corrected within a reasonable period of time |
ASSESSMENT CRITERION 4 |
Discrepancies arising from the reconciliation of Petty Cash are either resolved or referred to the appropriate person |
UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE |
N/A |
UNIT STANDARD DEVELOPMENTAL OUTCOME |
Be culturally and aesthetically sensitive across a range of social contexts |
UNIT STANDARD LINKAGES |
N/A |
Critical Cross-field Outcomes (CCFO): |
UNIT STANDARD CCFO IDENTIFYING |
Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made. |
UNIT STANDARD CCFO ORGANISING |
Organise and manage oneself and one's activities responsibly and effectively. |
UNIT STANDARD CCFO COLLECTING |
Collect, organise and critically evaluate information. |
UNIT STANDARD CCFO COMMUNICATING |
Communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations. |
UNIT STANDARD CCFO SCIENCE |
Use science and technology effectively and critically (showing responsibility towards the environment and health of others). |
UNIT STANDARD CCFO DEMONSTRATING |
Demonstrate an understanding of the world as a set of related systems. |
UNIT STANDARD ASSESSOR CRITERIA |
N/A |
REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. |
UNIT STANDARD NOTES |
N/A |
QUALIFICATIONS UTILISING THIS UNIT STANDARD: |
ID | QUALIFICATION TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | STATUS | END DATE | PRIMARY OR DELEGATED QA FUNCTIONARY | |
Core | 58375 | National Certificate: Bookkeeping | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | FASSET |
Elective | 49089 | National Certificate: Financial Services | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | INSETA |
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. |