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: 

Monitor cash centre reports and accounts in a banking environment 
SAQA US ID UNIT STANDARD TITLE
7184  Monitor cash centre reports and accounts in a banking environment 
ORIGINATOR
SGB Financial Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 
2003-12-03  2004-08-11  SAQA 1351/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2005-08-11   2008-08-11  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
114753  Monitor cash centre reports and accounts in a banking environment  Level 4  NQF Level 04  Complete 

PURPOSE OF THE UNIT STANDARD 
Persons credited with this unit standard will be able to scrutinise reports for irregularities, discrepancies and errors, reconcile and balance accounts, and handle queries. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Open 

UNIT STANDARD OUTCOME HEADER 
Scrutinise reports for irregularities, discrepanc 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Scrutinise reports for irregularities, discrepancies and errors. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The reports to be scrutinised are obtained as per the bank's procedures. 
ASSESSMENT CRITERION RANGE 
Including but not limited to bills of exchange books, Forex reports, teller reports, treasury register, counterfeit register, insured register, mail register, security register, branch records
 

ASSESSMENT CRITERION 2 
2. Reports are checked for irregularities, discrepancies and errors as required by the bank. 

ASSESSMENT CRITERION 3 
3. Irregularities, discrepancies and errors are recorded as required by the bank's procedures. 

ASSESSMENT CRITERION 4 
4. Those accounts affected by irregularities, discrepanices and errors are noted according to the required procedures. 

ASSESSMENT CRITERION 5 
5. Where necessary, an audit or investigation is initiated according to the bank's procedures. 

SPECIFIC OUTCOME 2 
Reconcile and balance accounts. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Steps are taken as required by the bank to ensure that accounts balance daily. 
ASSESSMENT CRITERION RANGE 
Including but not limited to foreign notes in transit accounts, Forex accounts
 

ASSESSMENT CRITERION 2 
2. A check is done for irregularities, discrepancies and errors according to standard procedures. 

ASSESSMENT CRITERION 3 
3. Those accounts affected by such irregularities, discrepancies and errors are noted acording to the bank's procedures. 

ASSESSMENT CRITERION 4 
4. Irregularities and discrepancies are escalated to the relevant authorities in the manner required by the bank. 

SPECIFIC OUTCOME 3 
Attend to queries. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The nature of the query received is identified as required by the bank. 

ASSESSMENT CRITERION 2 
2. The query is attended to as required by the nature of the query and the bank's policy. 

ASSESSMENT CRITERION 3 
3. The query is handled timeously and in a manner that promotes customer service. 

ASSESSMENT CRITERION 4 
4. Administrative tasks relating to the query are completed according to the bank's procedures. 


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 or assessing this unit standard must be accredited as a provider with the relevant ETQA.

3. Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

Therefore anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution which is accredited by the relevant ETQA. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • an understanding of all relevant banking policies and procedures.
  • an understanding of the workflow.
  • operating and computer system knowledge sufficient to locate the necessary information and complete the task.
  • an understanding of operational risk.
  • relevant security precautions.
  • basic knowledge of accounting 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO WORKING 
    To work effectively with others as a member of a team, group, organisation and community when steps are taken as required by the bank to ensure that accounts balance daily. 

    UNIT STANDARD CCFO ORGANISING 
    To organise and manage oneself and one's activities responsibly and effectively when reports are checked for irregularities, discrepancies and errors as required by the bank. 

    UNIT STANDARD CCFO COLLECTING 
    To collect, organise and critically evaluate information when an audit or investigation is initiated according to the bank's procedures where necessary. 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 114753, which is "Monitor cash centre reports and accounts in a banking environment", 5 credits, NQF Level 4, as from 11 Aug 2004.

    Legal Requirements:

    All procedures must meet recognised codes of practice as well as obligations required under current legislation within South Africa and within the normal parameters of the defined job/task.

    Terminology:

    FOREX - foreign exchange 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20185   Further Education and Training Certificate: Banking  Level 4  NQF Level 04  Reregistered  2023-06-30  BANKSETA 


    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. Absa Learning & Development 
    2. Bidvest Bank 
    3. Chartall Business College 
    4. Cornerstone Performance Solutions (Pty) Ltd 
    5. Felix Risk Training Consultants 
    6. Firstrand Bank - Benmore 
    7. Nedbank Ltd 
    8. The Facilitation Workshop 



    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.