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: 

Managing cash in a retail/wholesale business 
SAQA US ID UNIT STANDARD TITLE
8703  Managing cash in a retail/wholesale business 
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 5  Level TBA: Pre-2009 was L5  20 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2005-11-01  2008-11-01  SAQA 0160/05 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2009-11-01   2012-11-01  

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 National Diploma in Retail/Wholesale Product and Service Management. It is designed to transform business performance through cash management and simultaneously provide individuals with a meaningful qualification that reflects their experiential learning 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Numeracy and literacy on NQF level 4 or equivalent 

UNIT STANDARD RANGE 
  • Supporting cash documentation including computer and manual receipts, bank deposit books and bank statements? Techniques for evaluating cash reconciliations including overages, shortages and other variances ? Techniques for reviewing cash strategies including researching current criminal activities, cash collection, cash flow budgets and banking procedures 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    The demonstrated ability to make decisions and consider options. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Developing and monitoring daily cash handling procedures and controls in retail/wholesale business. 

    ASSESSMENT CRITERION 2 
    2. Plan and control the banking of cash in retail/wholesale outlets. 

    ASSESSMENT CRITERION 3 
    3. Auditing cash reconciliation processes for transactions recorded at points of sale in retail/wholesale outlets. 

    ASSESSMENT CRITERION 4 
    4. Solve variances in reconciliation of cash receipts and cash payments with bank statements. 

    ASSESSMENT CRITERION 5 
    5. Designing and implementing a policy regarding the acceptance of the various forms of payment based on the requirements of the target market. 

    ASSESSMENT CRITERION 6 
    6. Managing the cash flow of a RW business. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Providers will be accredited against this module by the Retail and Wholesale SETA in its ETQA role. Moderation will be provided by the HEQC 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The demonstrated understanding of:? Organisational cash handling security procedures? Fundamental accounting principles (cash reconciliations, cash flows)? Techniques for auditing cash reconciliation processes? Techniques for analysing cash variances and recommending loss prevention methods ? Competitor strategies for promoting cash sales 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
  • Identify and solve problems when auditing cash reconciliations so that appropriate measures are implemented to minimise cash shortages and operator errors at points of sale 
    		•

    UNIT STANDARD CCFO COLLECTING 
  • Collect, analyse, organise and critically evaluate information related to cash procedures and aligned to overall cash processing strategies of the organisation 
    		•

    UNIT STANDARD CCFO COMMUNICATING 
    The ability to:? Communicate effectively when implementing and controlling cash handling procedures so that all points of sale are aware of sequences for receiving cash floats and cashing up at end of trading day 

    UNIT STANDARD ASSESSOR CRITERIA 
    Assessment Criteria:The ability to produce all of the following evidence:

  • Compile effective cash handling security procedures and policies for a R/W business that will keep cash losses at a minimum.?

    Demonstrate correctly techniques for controlling start of day cash procedures?

    Demonstrate correctly techniques for controlling cash reconciliations at end of the day?

    Explain current success (or failure) of current cash handling procedures and put forward recommendations / suggestions for minimising cash shortages and increasing control over cash handling operations

  • Compile effective banking security procedures, policies and control systems for a R/W business to limit the risk of cash losses? Demonstrate the correct application of cash banking procedures and policies.?

    Demonstrate ability to control the application of cash banking procedures and policies to ensure compliance to set standards.
  • Evaluate cash reconciliation processes for transactions recorded at points of sale in retail/wholesale outlets? Complete documentation for all cash related variances to comply with requirements?

    Produce evidence of solving variances in cash reconciliation processes
  • Identify correctly all variances between cash receipts, bank payments and bank statements
  • Complete all reconciliation records within agreed timeframes and stored in accordance with requirements

  • Rectify all variances in the reconciliation of cash receipts, payments and bank statements?

    Compile an effective policy and procedure regarding the acceptance of the various forms of payment based on the requirements of the target market ?

    Demonstrate techniques for authorising payment of transactions within organisational policies

  • Compile a cash flow budget to ensure availability of funds for payment of debt and costs in a WR-business?

    Determine a strategy that will ensure sufficient working capital for the cash flow needs of the WR-business 
    		•

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  22154   National Certificate: Wholesale and Retail Operations Management  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2008-11-01  Was W&RSETA until Last Date for Achievement 


    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.