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: 

Conduct basic financial transactions 
SAQA US ID UNIT STANDARD TITLE
14353  Conduct basic financial transactions 
ORIGINATOR
SGB Administration 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Office Administration 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular-Fundamental  Level 2  NQF Level 02 
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 
Learners will be learning towards obtaining a national qualification at level 2 or are working in an administrative environment, including SMME`s (Small, Medium and Micro Enterprises), where the acquisition of competence against this standard will add value to the learner`s job, or chances of finding employment.

Learners will be well positioned to extend their learning and practice into other areas in the business environment, or to strive towards professional standards and improved performance.

The qualifying learner capable of:
  • Explain and apply is the basic procedures for receiving and receipting payments
  • Utilise a petty cash system to purchase office items
  • Explain and apply the procedures for depositing monies and conducting basic banking transactions 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this unit standard will have demonstrated competence in numeracy and literacy at NQF Level 1 or equivalent. 

    UNIT STANDARD RANGE 
  • Procedures relating to the receiving of monies include understanding how to keep a receipt book, being able to determine the validity of cheques, correct counting of money and checking of amounts etc.
  • Legal procedures include identifying the payer, validating the amounts in letters and in words, the proper keeping of duplicate receipts and the correct signing of the person issuing the receipt, and all the necessary requirements to ensure successful receipting on a computerised and manual system.
  • Safekeeping includes the securing of money in a lock-up area, and all receipt books, related documents and cheques.
  • Application forms in relation to petty cash include the completion of petty cash vouchers and all other related documents as per organisation requirements.
  • Basic banking transactions include the deposit of cash and cheques received. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain and apply the basic procedures for receiving and receipting payments 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Receipting procedures are described. 

    ASSESSMENT CRITERION 2 
    2. The parties to and the legal importance of a receipt is explained. 

    ASSESSMENT CRITERION 3 
    3. The procedures for the securing of monies are applied. 

    ASSESSMENT CRITERION 4 
    4. The legal requirements of valid cheques are explained. 

    ASSESSMENT CRITERION 5 
    5. The safekeeping of all relevant source documents are demonstrated. 

    SPECIFIC OUTCOME 2 
    Utilise a petty cash system to purchase office items 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Petty cashier is approached for relevant funds and justification for purchase is explained. 

    ASSESSMENT CRITERION 2 
    2. Any necessary application forms are completed. 

    ASSESSMENT CRITERION 3 
    3. Items are purchased and receipts for items are returned to petty cash officer according to organisational procedures. 

    SPECIFIC OUTCOME 3 
    Conduct basic banking transactions 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Banking is prepared according to organisation procedures. 

    ASSESSMENT CRITERION 2 
    2. Deposit books or slips are completed. 

    ASSESSMENT CRITERION 3 
    3. Cash and cheque deposits are verified against receipt book. 

    ASSESSMENT CRITERION 4 
    4. The physical deposit of cash to the bank is ensured. 

    ASSESSMENT CRITERION 5 
    5. Deposit books or slips are secured and filed according to organisational procedures. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Accreditation and Moderation:

    The Services Educational Training Quality Assurance Body (ETQA) will accredit providers offering learning towards these standard and register assessors. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Basic understanding of manual and computerised receipting systems.
  • Basic understanding of basic bookkeeping principles.
  • Basic understanding of banking procedures in respect of deposits.
  • Legal procedures in relation to cheques, banking, receipting. 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems which relate to cheque validation. 

    UNIT STANDARD CCFO ORGANISING 
    Organise oneself and one`s activities to ensure that the cash and cheques are promptly and correctly receipted. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information pertaining to the receiving of money, purchase of basic office items and banking deposits. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with payers, petty cash officers and banking officials in order to ensure accurate financial transactions. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Understand the world as a set of related systems whereby the different parties to a basic financial transactions must correlate with all records and vice versa. 

    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  23833   National Certificate: Business Administration Services  Level 2  NQF Level 02  Reregistered  2023-06-30  SERVICES 
    Core  64909   National Certificate: Small Scale Mining  Level 2  NQF Level 02  Reregistered  2023-06-30  MQA 
    Elective  71751   General Education and Training Certificate: Adult Basic Education and Training  Level 1  NQF Level 01  Reregistered  2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  73249   General Education and Training Certificate: Adult Basic Education and Training: Academic Curriculum  Level 1  NQF Level 01  Reregistered  2023-06-30  UMALUSI 
    Elective  59326   National Certificate: International Trade  Level 2  NQF Level 02  Reregistered  2023-06-30  TETA 
    Elective  50285   National Certificate: Professional Driving  Level 3  NQF Level 03  Reregistered  2023-06-30  TETA 


    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. 123 Mulani Investment 
    2. 4 The Future Training and Development Consultancy 
    3. Africa Training Centre 
    4. Akane Training Academy 
    5. Aldabri 106 Institute for Quality Pty Ltd 
    6. Algoa Bus Company 
    7. All-in-one Driving Academy 
    8. AMA Training Skills Devleopment Centre 
    9. BCM FET college (pty) Ltd 
    10. Big J Training Academy 
    11. Blu Transfuxion Solutions (Pty) Ltd 
    12. Blue Crane Skills Development 
    13. Broad Market Academy 
    14. Bumbene Safety Consultants (Pty) Ltd 
    15. Buscor 
    16. Centre for Logistics Excellence (Pty) Ltd 
    17. CHAMDOR DRIVER TRAINING CC 
    18. Climamark (PTY) Ltd 
    19. College of Cape Town - Athlone Campus 
    20. Dee-Bravo Training Centre 
    21. Dionysus Skills Development Initiative 
    22. Dynamic Institute of Training S.A 
    23. ESS Holdings (PTY) Ltd 
    24. Evaflex 
    25. Excellect 209 (PTY) LTD 
    26. Excellect 209 PTY LTD 
    27. FALSE BAY TECHNICAL VOCATIONAL EDUCATION & TRAINING COLLEGE 
    28. Garden City Trading (Pty) Ltd 
    29. Global Maritime Legal Solutions Pty Ltd 
    30. Global Star Trading (Pty) Ltd 
    31. Golden Arrow Bus Services_pty Ltd 
    32. Guest Resource Services (Pty) Ltd 
    33. He and She Driver Training Centre 
    34. Heslop Brothers (Pty) Ltd 
    35. Ikaheng HR Services Pty Ltd 
    36. Imbo driving school 
    37. Inkqubela Consultants 
    38. Interactive Driving Academy 
    39. Jumpstart Training Institute Pty Ltd 
    40. Kahisano Skills Development and Training 
    41. Kempston Driving Academy 
    42. Khabanyane Training and development 
    43. Kingsbury International College (SA) 
    44. Kukhula Global Projects 
    45. KZN Taxi and Commuter Corporation NPC 
    46. Learncorp 
    47. Learning Exchange Pty (Ltd) 
    48. Lwaze Lwanda General Traders CC 
    49. MadibengGeneral Suppliers 
    50. Madidi Supply Chain Institute & Business Institute 
    51. Makwedeng Training 
    52. Mnce Trading cc 
    53. Mziphela Training and Projects Pty. Ltd 
    54. Ndikho Ndinani Protection (Pty) Ltd 
    55. Northlink College 
    56. NOSA LOGISTICS PTY LTD 
    57. Nowethu Learning Institute cc 
    58. Ntalo Training & Consulting Services 
    59. Ntsoaki Driving School 
    60. OSR Trading 
    61. P and R Development and Training (Pty) Ltd 
    62. Pal Passenger Bus Services 
    63. Phephani Learnerships cc 
    64. Precision skills development and training 
    65. PUTCO Limited 
    66. PUTCO Pty Ltd 
    67. Quantum Leap College Pty Ltd 
    68. Royal Impression Academy 
    69. SA Maritime School and Transport College 
    70. Safe and Eco Driving Pty Ltd 
    71. Sanda Skills Development (Pty) Ltd 
    72. Sardonix Properties and Investments Pty Ltd 
    73. Segaole Driving School 
    74. SEOPOSENGOE TRAINING CONSULTANCY CC 
    75. South African Transport Centre of Excellence 
    76. South Cape Public FET College - George Campus 
    77. Southern Seas Institute CC 
    78. SPINA Consultancy cc Cape Town 
    79. Tembe Service Providers 
    80. THABO Training and Services 
    81. THE SKILLS COLLEGE FOR DEVELOPMENT AND TRAINING(PTY) LTD 
    82. Thobologo Training and Education Group 
    83. Thwala Training Services (Pty) Ltd 
    84. Training Consultant and SD College 
    85. Try Easy Electrical Solutions Pty Ltd 
    86. Twin Mark Strategy and Management Consultants (Pty) Ltd 
    87. Ukwakhile Training 
    88. Uzoyithola Training and Consulting 
    89. Vhonisani Training Academy & Projects 
    90. VSL General Trading CC 
    91. Yab Business Solution 



    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.