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 financial transactions

SAQA US ID	UNIT STANDARD TITLE
7825	Process financial transactions
ORIGINATOR
SGB Hospitality,Tourism,Travel, Leisure and Gaming
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-
FIELD			SUBFIELD
Field 11 - Services			Hospitality, Tourism, Travel, Gaming and Leisure
ABET BAND	UNIT STANDARD TYPE	PRE-2009 NQF LEVEL	NQF LEVEL	CREDITS
Undefined	Regular	Level 4	NQF Level 04	16
REGISTRATION STATUS		REGISTRATION START DATE	REGISTRATION END DATE	SAQA DECISION NUMBER
Passed the End Date - Status was "Reregistered"		2009-07-01	2011-07-31	SAQA 0480/09
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2012-07-31		2015-07-31

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

Each learner must know how to: accept the soft and hard counts, process receipts, disbursements, winners cheques, credit notes/deposits, and filing. The learner must be able to follow bank preparation procedures. Each learner should also understand the importance to the accounts department, and the operation as a whole, of these transactions being done accurately and endeavour to contribute towards the smooth running of the cashiering department.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

None

UNIT STANDARD RANGE

Range statements are included with specific outcomes as necessary.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Explain the interrelationship between accepting counts and the accurate completion of the paperwork.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Arrange an environment in which the learner can be fairly assessed against the outcomes.

ASSESSMENT CRITERION NOTES

This unit standard must be assessed in the workplace or a realistic working environment.

ASSESSMENT CRITERION 2

2. Evaluate the learner's ability to meet the outcomes consistently.

ASSESSMENT CRITERION NOTES

This unit can be assessed by a combination of observation, questioning and testimonies from third parties, but the emphasis is to be on observation.

Observation must occur with at least 8 of the range of financial transactions. The remaining transactions may be assessed using any other assessment method.

Product sample completed and filed documents.

ASSESSMENT CRITERION RANGE

Financial transactions: completion of deposit slips, use of deposit envelopes, issuing of winners cheques, receipts, disbursements, processing credit notes, direct deposits, bank transfers, cash banking, bank instrument banking, smart box banking, banking of foreign exchange, accepting the hard count, accepting the soft count, accepting the bill count, time date stamping.

ASSESSMENT CRITERION 3

3. Use surveillance target reports as an additional assessment tool where necessary.

ASSESSMENT CRITERION 4

4. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes.

ASSESSMENT CRITERION 5

5. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes.

ASSESSMENT CRITERION 6

6. Counsel the learner on future assessments, necessary learning and further qualifications.

SPECIFIC OUTCOME 2

Stress importance of cashier staff understanding how to complete financial transactions.

OUTCOME NOTES

Stress the importance of all cashier staff understanding how to complete the range of financial transactions.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Arrange an environment in which the learner can be fairly assessed against the outcomes.

ASSESSMENT CRITERION NOTES

This unit standard must be assessed in the workplace or a realistic working environment.

ASSESSMENT CRITERION 2

2. Evaluate the learner's ability to meet the outcomes consistently.

ASSESSMENT CRITERION NOTES

This unit can be assessed by a combination of observation, questioning and testimonies from third parties, but the emphasis is to be on observation.

Observation must occur with at least 8 of the range of financial transactions. The remaining transactions may be assessed using any other assessment method.

Product sample completed and filed documents.

ASSESSMENT CRITERION RANGE

ASSESSMENT CRITERION 3

3. Use surveillance target reports as an additional assessment tool where necessary.

ASSESSMENT CRITERION 4

4. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes.

ASSESSMENT CRITERION 5

5. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes.

ASSESSMENT CRITERION 6

6. Counsel the learner on future assessments, necessary learning and further qualifications.

SPECIFIC OUTCOME 3

Explain the importance of being aware of security risks when banking cash.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Arrange an environment in which the learner can be fairly assessed against the outcomes.

ASSESSMENT CRITERION NOTES

This unit standard must be assessed in the workplace or a realistic working environment.

ASSESSMENT CRITERION 2

2. Evaluate the learner's ability to meet the outcomes consistently.

ASSESSMENT CRITERION NOTES

This unit can be assessed by a combination of observation, questioning and testimonies from third parties, but the emphasis is to be on observation.

Observation must occur with at least 8 of the range of financial transactions. The remaining transactions may be assessed using any other assessment method.

Product sample completed and filed documents.

ASSESSMENT CRITERION RANGE

ASSESSMENT CRITERION 3

3. Use surveillance target reports as an additional assessment tool where necessary.

ASSESSMENT CRITERION 4

4. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes.

ASSESSMENT CRITERION 5

5. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes.

ASSESSMENT CRITERION 6

6. Counsel the learner on future assessments, necessary learning and further qualifications.

SPECIFIC OUTCOME 4

Describe the extent of responsibility/authority attached to the position.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Arrange an environment in which the learner can be fairly assessed against the outcomes.

ASSESSMENT CRITERION NOTES

This unit standard must be assessed in the workplace or a realistic working environment.

ASSESSMENT CRITERION 2

2. Evaluate the learner's ability to meet the outcomes consistently.

ASSESSMENT CRITERION NOTES

This unit can be assessed by a combination of observation, questioning and testimonies from third parties, but the emphasis is to be on observation.

Observation must occur with at least 8 of the range of financial transactions. The remaining transactions may be assessed using any other assessment method.

Product sample completed and filed documents.

ASSESSMENT CRITERION RANGE

ASSESSMENT CRITERION 3

3. Use surveillance target reports as an additional assessment tool where necessary.

ASSESSMENT CRITERION 4

4. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes.

ASSESSMENT CRITERION 5

5. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes.

ASSESSMENT CRITERION 6

6. Counsel the learner on future assessments, necessary learning and further qualifications.

SPECIFIC OUTCOME 5

Describe issues requiring confidentiality.

OUTCOME NOTES

Describe issues requiring confidentiality and stress the importance of maintaining confidentiality concerning these issues.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Arrange an environment in which the learner can be fairly assessed against the outcomes.

ASSESSMENT CRITERION NOTES

This unit standard must be assessed in the workplace or a realistic working environment.

ASSESSMENT CRITERION 2

2. Evaluate the learner's ability to meet the outcomes consistently.

ASSESSMENT CRITERION NOTES

This unit can be assessed by a combination of observation, questioning and testimonies from third parties, but the emphasis is to be on observation.

Observation must occur with at least 8 of the range of financial transactions. The remaining transactions may be assessed using any other assessment method.

Product sample completed and filed documents.

ASSESSMENT CRITERION RANGE

ASSESSMENT CRITERION 3

3. Use surveillance target reports as an additional assessment tool where necessary.

ASSESSMENT CRITERION 4

4. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes.

ASSESSMENT CRITERION 5

5. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes.

ASSESSMENT CRITERION 6

6. Counsel the learner on future assessments, necessary learning and further qualifications.

SPECIFIC OUTCOME 6

State the Gaming Board regulations and company procedures.

OUTCOME NOTES

State the Gaming Board regulations and company procedures for processing the range of financial transactions.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Arrange an environment in which the learner can be fairly assessed against the outcomes.

ASSESSMENT CRITERION NOTES

This unit standard must be assessed in the workplace or a realistic working environment.

ASSESSMENT CRITERION 2

2. Evaluate the learner's ability to meet the outcomes consistently.

ASSESSMENT CRITERION NOTES

This unit can be assessed by a combination of observation, questioning and testimonies from third parties, but the emphasis is to be on observation.

Observation must occur with at least 8 of the range of financial transactions. The remaining transactions may be assessed using any other assessment method.

Product sample completed and filed documents.

ASSESSMENT CRITERION RANGE

ASSESSMENT CRITERION 3

3. Use surveillance target reports as an additional assessment tool where necessary.

ASSESSMENT CRITERION 4

4. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes.

ASSESSMENT CRITERION 5

5. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes.

ASSESSMENT CRITERION 6

6. Counsel the learner on future assessments, necessary learning and further qualifications.

SPECIFIC OUTCOME 7

Explain the Reserve bank rules on foreign currency formalities.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Arrange an environment in which the learner can be fairly assessed against the outcomes.

ASSESSMENT CRITERION NOTES

This unit standard must be assessed in the workplace or a realistic working environment.

ASSESSMENT CRITERION 2

2. Evaluate the learner's ability to meet the outcomes consistently.

ASSESSMENT CRITERION NOTES

This unit can be assessed by a combination of observation, questioning and testimonies from third parties, but the emphasis is to be on observation.

Observation must occur with at least 8 of the range of financial transactions. The remaining transactions may be assessed using any other assessment method.

Product sample completed and filed documents.

ASSESSMENT CRITERION RANGE

ASSESSMENT CRITERION 3

3. Use surveillance target reports as an additional assessment tool where necessary.

ASSESSMENT CRITERION 4

4. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes.

ASSESSMENT CRITERION 5

5. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes.

ASSESSMENT CRITERION 6

6. Counsel the learner on future assessments, necessary learning and further qualifications.

SPECIFIC OUTCOME 8

Describe the filing technique used in the cashiering department.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Arrange an environment in which the learner can be fairly assessed against the outcomes.

ASSESSMENT CRITERION NOTES

This unit standard must be assessed in the workplace or a realistic working environment.

ASSESSMENT CRITERION 2

2. Evaluate the learner's ability to meet the outcomes consistently.

ASSESSMENT CRITERION NOTES

This unit can be assessed by a combination of observation, questioning and testimonies from third parties, but the emphasis is to be on observation.

Observation must occur with at least 8 of the range of financial transactions. The remaining transactions may be assessed using any other assessment method.

Product sample completed and filed documents.

ASSESSMENT CRITERION RANGE

ASSESSMENT CRITERION 3

3. Use surveillance target reports as an additional assessment tool where necessary.

ASSESSMENT CRITERION 4

4. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes.

ASSESSMENT CRITERION 5

5. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes.

ASSESSMENT CRITERION 6

6. Counsel the learner on future assessments, necessary learning and further qualifications.

SPECIFIC OUTCOME 9

Complete financial transactions using various ways.

OUTCOME RANGE

Financial transactions: completion of deposit slips, use of deposit stationary, issuing of winners cheques, receipts, disbursements, processing credit notes, cash banking, bank instrument banking, banking of foreign exchange, accepting the hard count, accepting the soft count, accepting the bill count, time date stamping.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Arrange an environment in which the learner can be fairly assessed against the outcomes.

ASSESSMENT CRITERION NOTES

This unit standard must be assessed in the workplace or a realistic working environment.

ASSESSMENT CRITERION 2

2. Evaluate the learner's ability to meet the outcomes consistently.

ASSESSMENT CRITERION NOTES

This unit can be assessed by a combination of observation, questioning and testimonies from third parties, but the emphasis is to be on observation.

Observation must occur with at least 8 of the range of financial transactions. The remaining transactions may be assessed using any other assessment method.

Product sample completed and filed documents.

ASSESSMENT CRITERION RANGE

ASSESSMENT CRITERION 3

3. Use surveillance target reports as an additional assessment tool where necessary.

ASSESSMENT CRITERION 4

4. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes.

ASSESSMENT CRITERION 5

5. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes.

ASSESSMENT CRITERION 6

6. Counsel the learner on future assessments, necessary learning and further qualifications.

SPECIFIC OUTCOME 10

File documents and keep accessible to all persons needing access.

OUTCOME NOTES

File documents and keep accessible to all persons needing access, but secure against unauthorised access.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Arrange an environment in which the learner can be fairly assessed against the outcomes.

ASSESSMENT CRITERION NOTES

This unit standard must be assessed in the workplace or a realistic working environment.

ASSESSMENT CRITERION 2

2. Evaluate the learner's ability to meet the outcomes consistently.

ASSESSMENT CRITERION NOTES

This unit can be assessed by a combination of observation, questioning and testimonies from third parties, but the emphasis is to be on observation.

Observation must occur with at least 8 of the range of financial transactions. The remaining transactions may be assessed using any other assessment method.

Product sample completed and filed documents.

ASSESSMENT CRITERION RANGE

ASSESSMENT CRITERION 3

3. Use surveillance target reports as an additional assessment tool where necessary.

ASSESSMENT CRITERION 4

4. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes.

ASSESSMENT CRITERION 5

5. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes.

ASSESSMENT CRITERION 6

6. Counsel the learner on future assessments, necessary learning and further qualifications.

SPECIFIC OUTCOME 11

Demonstrate the filing system in use and explain how filing is kept up to date.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Arrange an environment in which the learner can be fairly assessed against the outcomes.

ASSESSMENT CRITERION NOTES

This unit standard must be assessed in the workplace or a realistic working environment.

ASSESSMENT CRITERION 2

2. Evaluate the learner's ability to meet the outcomes consistently.

ASSESSMENT CRITERION NOTES

This unit can be assessed by a combination of observation, questioning and testimonies from third parties, but the emphasis is to be on observation.

Observation must occur with at least 8 of the range of financial transactions. The remaining transactions may be assessed using any other assessment method.

Product sample completed and filed documents.

ASSESSMENT CRITERION RANGE

ASSESSMENT CRITERION 3

3. Use surveillance target reports as an additional assessment tool where necessary.

ASSESSMENT CRITERION 4

4. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes.

ASSESSMENT CRITERION 5

5. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes.

ASSESSMENT CRITERION 6

6. Counsel the learner on future assessments, necessary learning and further qualifications.

SPECIFIC OUTCOME 12

Develop a method for maintaining and updating financial transactions on a daily basis.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Arrange an environment in which the learner can be fairly assessed against the outcomes.

ASSESSMENT CRITERION NOTES

This unit standard must be assessed in the workplace or a realistic working environment.

ASSESSMENT CRITERION 2

2. Evaluate the learner's ability to meet the outcomes consistently.

ASSESSMENT CRITERION NOTES

This unit can be assessed by a combination of observation, questioning and testimonies from third parties, but the emphasis is to be on observation.

Observation must occur with at least 8 of the range of financial transactions. The remaining transactions may be assessed using any other assessment method.

Product sample completed and filed documents.

ASSESSMENT CRITERION RANGE

ASSESSMENT CRITERION 3

3. Use surveillance target reports as an additional assessment tool where necessary.

ASSESSMENT CRITERION 4

4. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes.

ASSESSMENT CRITERION 5

5. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes.

ASSESSMENT CRITERION 6

6. Counsel the learner on future assessments, necessary learning and further qualifications.

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 must be registered with the FE/HE Registrar.

3. Any institution wishing to receive skill development grants must be accredited with the relevant ETQA. Such an institution will also be registered with the relevant SETA.

4. Moderation of assessment will be done by the relevant ETQA at its discretion.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

Essential embedded knowledge is dealt with under the specific outcomes section where "demonstrated knowledge and understanding" is required.

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO SCIENCE

Use science and technology effectively - relates to the following outcomes:

File documents and keep accessible to all persons needing access, but secure against unauthorised access.

Demonstrate the filing system in use and explain how filing is kept up to date.

Develop a method for maintaining and updating financial transactions on a daily basis.

UNIT STANDARD CCFO DEMONSTRATING

Demonstrate an understanding of the world as a set of related systems - relates to the following outcomes:

Explain the interrelationship between accepting counts and the accurate completion of the paperwork.

Stress the importance of all cashier staff understanding how to complete the range of financial transactions.

Explain the importance of being aware of security risks when banking cash.

Describe issues requiring confidentiality and stress the importance of maintaining confidentiality concerning these issues.

State the Gaming Board regulations and company procedures for processing the range of financial transactions.

UNIT STANDARD NOTES

Recommendations and Exemplars for the design of:

Learning / Curriculum

Learning should include completing financial transactions on a daily basis. Relate this to the range specified in the unit standard.

Copies of all external documentation regarding legislation are sourced and read.

Filing systems should be covered adequately so that the learner is able to recognise and use the different filing systems.

The learner should be able to check all procedures including verification and authorisation.

The learner should be able to replenish all supplies in a manner that contributes towards good working relationships within the department.

Special emphasis should be placed on the importance of speed and accuracy.

Performance systems

Ongoing measurement of the learner`s ability to meet this standard is recommended.

A new employee should be able to achieve this unit within 6 months of being trained.

An appraisal system utilising colleague input is recommended.

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Core	14117	National Certificate: Gaming Cashiering	Level 3	NQF Level 03	Passed the End Date - Status was "Reregistered"	2008-09-17	Was CATHSSETA until Last Date for Achievement
Elective	61595	Further Education and Training Certificate: Business Administration Services	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Elective	48883	Further Education and Training Certificate: Small Business Advising (Information Support)	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	SERVICES

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.

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