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: 

Managing cash and credit transactions 
SAQA US ID UNIT STANDARD TITLE
8277  Managing cash and credit transactions 
ORIGINATOR
SGB Secondary Agriculture: Processing 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 01 - Agriculture and Nature Conservation Secondary Agriculture 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  25 
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 is a core unit towards the National Diploma in Retail/Wholesale Product and Service Management.
It is designed to transform business performance through the integration of cash and credit 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 
Basic accounting at NQF Level 4. English communication to equivalent of NQF Level 4 

UNIT STANDARD RANGE 
  • Supporting credit documentation including non-payment letters, credit agreement forms, credit application forms
  • Techniques for evaluating credit transactions including payment profiles, bad debt levels, economic indicators,
  • Techniques for reviewing credit strategies including researching local and international credit granting models, consumer buying power, current interest rates, 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    The demonstrated ability to make decisions and consider options 
    OUTCOME NOTES 
    Controlling cash float procedures at start of day and authorising cash transactions during trading hours in retail/wholesale outlets?

    Supervising end of day cashing up procedures, arranging and monitoring the collection of cash pick-ups in retail/wholesale outlets?

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

    Designing credit risk plans and a range of supporting documentation for credit granting processes in retail/wholesale outlets?

    Implementing credit monitoring systems using a range of techniques for evaluating the status of credit transactions in retail/wholesale outlets?

    Measuring success of credit granting facilities using a range of techniques for reviewing overall credit strategies of retail/wholesale outlets 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The demonstrated ability to make decisions and consider options when 
    ASSESSMENT CRITERION NOTES 
  • Controlling cash float procedures at start of day and authorising cash transactions during trading hours in retail/wholesale outlets?

    Supervising end of day cashing up procedures, arranging and monitoring the collection of cash pick-ups in retail/wholesale outlets?

    Auditing cash reconciliation processes for transactions recorded at points of sale in retail/wholesale outlets
  • Designing credit risk plans and a range of supporting documentation for credit granting processes in retail/wholesale outlets?

    Implementing credit monitoring systems using a range of techniques for evaluating the status of credit transactions in retail/wholesale outlets?

    Measuring success of credit granting facilities using a range of techniques for reviewing overall credit strategies of retail/wholesale outlets 


  • 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?

    Organisational strategies for promoting credit products to customers?

    Competitor strategies for promoting credit products ?

    Designing and marketing promotional models for credit products?

    Financial and accounting terms and practices relevant to credit products?

    Techniques for analysing credit trends 


    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 WORKING 
    Being culturally sensitive across a range of social contexts when designing credit granting systems so that credit facilities are appropriate and accessible to a range of consumers with varying incomes and buying needs 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information when reviewing credit risk plans so that credit products are aligned with current economic conditions, consumer spending power and overall credit granting strategies of organisation 

    UNIT STANDARD CCFO COMMUNICATING 
    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 
    The ability to produce all of the following evidence:This evidence should be evaluated by a registered retail assessor
  • Describe cash handling security procedures and cash pick-up arrangements of organisation?

    Describe credit granting strategy and credit products promoted by organisation ?

    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?

    Explain current success (or failure) of current credit granting strategies of organisation and put forward recommendations/suggestions for improvement?

    Demonstrate techniques for initiating start of day procedures and authorising payment transactions during trading hours?

    Demonstrate techniques for auditing cash reconciliations at end of day and arranging cash pick-ups 

  • REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  14852   National Diploma: Agri Sales and Service Management  Level 5  NQF Level 05  Reregistered  2023-06-30  AgriSETA 
    Core  13720   National Diploma: Retail and Wholesale, Product and Service Management Technology  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  W&RSETA 


    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.