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: 

Manage cash handling practices 
SAQA US ID UNIT STANDARD TITLE
118031  Manage cash handling practices 
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  15 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
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 
This unit standard is intended for people responsible for managing staff that handles and controls cash. Persons credited with this unit standard are responsible for the final in-store cash verifications, cash reconciliation and cash control. These persons are also responsible for the achievement of business output.

They will be able to manage cash handling practices policies and procedures implemented by others. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that the learner has completed the following areas of learning before attempting this unit standard: Grade 12 or equivalent and has achieved competence against the following Wholesale and Retail unit standards:
  • Process Payments.
  • Balance Point Of Sale.
  • Administer and control organisation's deposits and floats.
  • Record Transactions. 

  • UNIT STANDARD RANGE 
  • Cash handling practices include but is not limited to till operations, accepting payments, cash up and balancing till, floats, banking, petty cash, cash office procedures, cash security procedures, movement of cash from shop floor to back office to banking.
  • Manage cash handling practices.
  • Manage security of cash.
    Range: Management of cash security includes but is not limited to all practices in the acceptances of cash at POS and movement of cash from POS to Cash Office (Back Office) and to bank.
  • Verify cash reconciliation.
    Range: Reconciliation includes but is not limited to POS balancing, balancing of the float, balancing of the cash office, balancing petty cash, balancing bank deposit, balancing the daily takings. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Manage cash handling practices. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Cash handling policy and procedures are explained in terms of Wholesale and Retail store operations. 

    ASSESSMENT CRITERION 2 
    Cash handling practices are evaluated and deviations to policies and procedures are identified. 

    ASSESSMENT CRITERION 3 
    Identified deviations are corrected so that cash handling practices meet with policies and procedures. 

    ASSESSMENT CRITERION 4 
    Reasons for deviations between practices as well as policies and procedures are identified and recommendation made to prevent re-occurrences. 

    SPECIFIC OUTCOME 2 
    Manage security of cash. 
    OUTCOME RANGE 
    Management of cash security includes but is not limited to all practices in the acceptances of cash at POS and movement of cash from POS to Cash Office (Back Office) and to bank. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Cash security procedures are explained in terms of wholesale and retail store operations. 

    ASSESSMENT CRITERION 2 
    Cash security practices are evaluated and deviations to procedures are identified. 

    ASSESSMENT CRITERION 3 
    Identified deviations are corrected so that cash security practices are aligned to procedures. 

    ASSESSMENT CRITERION 4 
    Reasons for deviations between practices and procedures are identified and recommendations are made to prevent re-occurrences. 

    SPECIFIC OUTCOME 3 
    Verify cash reconciliation. 
    OUTCOME RANGE 
    Reconciliation includes but is not limited to POS balancing, balancing of the float, balancing of the cash office, balancing petty cash, balancing bank deposit, balancing the daily takings. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Cash reconciliation verification procedure is explained in terms of the wholesale and retail store operations. 

    ASSESSMENT CRITERION 2 
    Cash reconciliation is verified and approved according to organisation's policy. 

    ASSESSMENT CRITERION 3 
    Variances are identified and solved and recommendations are made to prevent re-occurrences. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Programmes leading to the award of credits from this unit standard will be accredited by the Wholesale and Retail SETA in its ETQA role. Anyone assessing a learner against this unit standard must be registered as an assessor with the Wholesale and Retail SETA ETQA.

    Moderation:

    Internal Moderations will be performed by the Accredited Providers whilst the specific ETQA will perform external moderations of assessments across the Accredited Providers according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    Learning programme covering this unit standard must address the following knowledge areas:
  • Cash handling policies and procedures.
  • Cash reconciliation policies and procedures.
  • Cash verification policies and procedures.
  • Cash security procedures. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Specific Outcome 1: Manage cash handling practices.

    Assessment Criteria:
  • Cash handling practices are evaluated and deviations to policies and procedures are identified.

    Specific Outcome 2: Manage security of cash.
    Range: Management of cash security includes but is not limited to all practices in the acceptances of cash at POS and movement of cash from POS to Cash Office (Back Office) and to bank.

    Assessment Criteria:
  • Identified deviations are corrected so that cash security practices are aligned to procedures.

    Specific Outcome 3: Verify cash reconciliation.
    Range: Reconciliation includes but is not limited to POS balancing, balancing of the float, balancing of the cash office, balancing petty cash, balancing bank deposit, balancing the daily takings.

    Assessment Criteria:
  • Variances are identified and solved and recommendations are made to prevent re-occurrences. 

  • UNIT STANDARD CCFO WORKING 
    Specific Outcome 1: Manage cash handling practices.

    Assessment Criteria:
  • Identified deviations are corrected so that cash handling practices meet with policies and procedures.

    Specific Outcome 2: Manage security of cash.
    Range: Management of cash security includes but is not limited to all practices in the acceptances of cash at POS and movement of cash from POS to Cash Office (Back Office) and to bank.

    Assessment Criteria:
  • Identified deviations are corrected so that cash security practices are aligned to procedures.

    Specific Outcome 3: Verify cash reconciliation.
    Range: Reconciliation includes but is not limited to POS balancing, balancing of the float, balancing of the cash office, balancing petty cash, balancing bank deposit, balancing the daily takings.

    Assessment Criteria:
  • Variances are identified and solved and recommendations are made to prevent re-occurrences. 

  • UNIT STANDARD CCFO ORGANISING 
    Specific Outcome 1: Manage cash handling practices.

    Assessment Criteria:
  • Cash handling policy and procedures are explained in terms of Wholesale and Retail store operations.
  • Cash handling practices are evaluated and deviations to policies and procedures are identified.
  • Identified deviations are corrected so that cash handling practices meet with policies and procedures.
  • Reasons for deviations between practices as well as policies and procedures are identified and recommendation made to prevent re-occurrences. 

  • UNIT STANDARD CCFO COLLECTING 
    Specific Outcome 1: Manage cash handling practices.

    Assessment Criteria:
  • Cash handling practices are evaluated and deviations to policies and procedures are identified.
  • Reasons for deviations between practices as well as policies and procedures are identified and recommendation made to prevent re-occurrences.

    Specific Outcome 2: Manage security of cash.
    Range: Management of cash security includes but is not limited to all practices in the acceptances of cash at POS and movement of cash from POS to Cash Office (Back Office) and to bank.

    Assessment Criteria:
  • Cash security practices are evaluated and deviations to procedures are identified.
  • Reasons for deviations between practices and procedures are identified and recommendations are made to prevent re-occurrences.

    Specific Outcome 3: Verify cash reconciliation.
    Range: Reconciliation includes but is not limited to POS balancing, balancing of the float, balancing of the cash office, balancing petty cash, balancing bank deposit, balancing the daily takings.

    Assessment Criteria:
    3.2 Cash reconciliation is verified and approved according to organisation's policy. 

  • UNIT STANDARD CCFO COMMUNICATING 
    Specific Outcome 1: Manage cash handling practices.

    Assessment Criteria:
  • Identified deviations are corrected so that cash handling practices meet with policies and procedures.

    Specific Outcome 2: Manage security of cash.
    Range: Management of cash security includes but is not limited to all practices in the acceptances of cash at POS and movement of cash from POS to Cash Office (Back Office) and to bank.

    Assessment Criteria:
  • Identified deviations are corrected so that cash security practices are aligned to procedures.

    Specific Outcome 3: Verify cash reconciliation.
    Range: Reconciliation includes but is not limited to POS balancing, balancing of the float, balancing of the cash office, balancing petty cash, balancing bank deposit, balancing the daily takings.

    Assessment Criteria:
  • Variances are identified and solved and recommendations are made to prevent re-occurrences. 

  • UNIT STANDARD CCFO DEMONSTRATING 
    Specific Outcome 2: Manage security of cash.
    Range: Management of cash security includes but is not limited to all practices in the acceptances of cash at POS and movement of cash from POS to Cash Office (Back Office) and to bank.

    Assessment Criteria:
  • Cash security procedures are explained in terms of wholesale and retail store operations. 

  • 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 
    Cash Office in this unit standard refers to the place where POS is balanced. Cash is counted and banking is prepared. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  49396   National Certificate: Wholesale and Retail Credit Control  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2008-10-22  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.
     
    1. Edutel Wholesale & Retail Academy 



    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.