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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
114774  Ensure the correctness of internal bank vouchers 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
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  2 
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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
7116  Ensure the correctness of internal bank vouchers  Level 3  NQF Level 03  2   

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is for people who have to process internal bank vouchers

Persons credited with this Unit Standard will be able to
  • Scrutinize internal transaction vouchers for completeness
  • Process internal vouchers and ensure that they have been passed in accordance with banking practice
  • ensure that internal vouchers are stored correctly. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners accessing this Unit Standard are competent in communications at NQF Level 2. 

    UNIT STANDARD RANGE 
  • Transaction vouchers are examined for completeness includes but is not limited to correct preparation, date stamp, authentication, validity.
  • Invoices are annotated according to the bank's procedures, includes but is not limited to paid, dated with date of payment, cheque number of bank cheque.
  • Vouchers are scrutinised for compliance with legislation and internal rulings includes but is not limited to VAT, tax, admissable expenses, accounting practices. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Scrutinise internal transaction vouchers for completeness. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Care is taken to ensure that all vouchers are received according to the bank's procedures. 

    ASSESSMENT CRITERION 2 
    All transaction vouchers are examined for completeness as required by the bank. 

    ASSESSMENT CRITERION 3 
    Vouchers are scrutinised for compliance with legislation and internal rulings. 

    SPECIFIC OUTCOME 2 
    Process internal vouchers. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    All invoices, receipts and supporting documentation are attached to the voucher, as required by the bank. 

    ASSESSMENT CRITERION 2 
    Invoices are annotated according to the bank's procedures. 

    ASSESSMENT CRITERION 3 
    All vouchers are initialled in the manner required by the bank as evidence of examination. 

    ASSESSMENT CRITERION 4 
    Vouchers are checked for authorisation by people of the appropriate seniority according to the bank's procedures. 

    SPECIFIC OUTCOME 3 
    Ensure that vouchers and reports are stored correctly. 

    ASSESSMENT CRITERIA     

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

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

    ASSESSMENT CRITERION 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, or with an ETQA that has a Memorandum of Understanding 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, or with an ETQA that has a Memorandum of Understanding 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. or by an ETQA that has a Memorandum of Understanding with the relevant ETQA. 

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

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO ORGANISING 
    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 
    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 
    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 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 
    As from the date of registration of this unit standard, it replaces unit standard ID: 7116 which was "Ensure the correctness of internal bank vouchers", Credits 2, NQF Level 3.

    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  Passed the End Date -
    Status was "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.
     
    1. Absa Learning & Development 
    2. Fachs Business Consulting and Training 
    3. Octomate Education Pty Ltd 
    4. SIGNA ACADEMY (PTY) LTD 
    5. Trainers Without Borders 


    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.