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: 

Handling cash 
SAQA US ID UNIT STANDARD TITLE
8275  Handling cash 
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 2  NQF Level 02  12 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2003-12-03  2006-12-03  SAQA 1351/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2007-12-03   2010-12-03  

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 standard towards the National Certificate in Retail/Wholesale processes.

It is designed to facilitate access to a formal qualifaction for those who have experience in informal outlets (i.e. Spaza`s), while aligning practice to world retail standards 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Numeracy in the basic arithmetic functions of adding, subtracting, multiplying and dividing to the equivalent of NQF 1. Basic spoken English to ABET 4. 

UNIT STANDARD RANGE 
  • Payment methods including cash, cheques, credit cards, travellers cheques, foreign exchange, discount coupons, gift vouchers?

    Equipment for recording cash transactions including calculators, manual/electronic cash registers 
    		•

    UNIT STANDARD OUTCOME HEADER 
    The demonstrated ability to make decisions and con 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    The demonstrated ability to make decisions and consider options when: 
    OUTCOME NOTES 
    Counting, sorting and replenishing amounts of money for maintaining cash floats at points of sale in retail/wholesale outlets?

    Accepting and securing a range of payment methods received at points of sale for cash transactions in retail/wholesale outlets?

    Recording payment details and issuing cash receipts using a range of point of sale equipment for finalising cash transactions in retail/wholesale outlets?

    Verifying and accepting appropriate cash refund transactions for customers returning merchandise in retail/wholesale outlets?

    Balancing cash transactions in accordance with cashing-up procedures on completion of day's trading in retail/wholesale outlets 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The demonstrated ability to make decisions and consider options when: 
    ASSESSMENT CRITERION NOTES 
    Counting, sorting and replenishing amounts of money for maintaining cash floats at points of sale in retail/wholesale outlets?

    Accepting and securing a range of payment methods received at points of sale for cash transactions in retail/wholesale outlets?

    Recording payment details and issuing cash receipts using a range of point of sale equipment for finalising cash transactions in retail/wholesale outlets?

    Verifying and accepting appropriate cash refund transactions for customers returning merchandise in retail/wholesale outlets?

    Balancing cash transactions in accordance with cashing-up procedures on completion of day's trading in retail/wholesale outlets 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Programmes leading to the award of credits from this unit standard will be accredited by the Retail and Wholesale SETA in its ETQA role. This will be under the mediation of the FETQA 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The demonstrated understanding of:?

    Numeracy techniques for capturing price information onto point of sale equipment?

    Principles of Value Added Tax and formula for applying VAT to cash transactions?

    Organisational policies and procedures for handling cash transactions?

    Organisational policies and procedures for refunding cash transactions?

    Organisational procedures for starting up at beginning of trading day?

    Organisational procedures for cashing-up at end of trading day?

    Acceptable methods of payment for cash and credit transactions?

    Organisational procedures for payment authorisations 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
  • Identify and solve problems when counting and sorting money so that accurate and sufficient cash floats are maintained at points of sale 
    		•

    UNIT STANDARD CCFO WORKING 
  • Demonstrate understanding of the world as a set of related systems when cashing-up where point of sale transaction records must correspond with payments received for cash transactions performed throughout the trading day 
    		•

    UNIT STANDARD CCFO ORGANISING 
  • Organise oneself and one`s activities when capturing cash transaction details so that merchandise prices are accurately recorded and the correct amount of change handed over to customers during cash sale transactions 
    		•

    UNIT STANDARD CCFO COLLECTING 
  • Collect, organise and check information when verifying cheque and credit card payments so that transactional discrepancies are minimised 
    		•

    UNIT STANDARD ASSESSOR CRITERIA 
    Assessment Criteria :

    The ability to produce all of the following evidence:

    Evidence must be accepted by a registered assessor?

    Explain the different methods of payment accepted for cash transactions in retail/wholesale outlets?

    Demonstrate procedures for receiving, checking and replenishing cash floats at points of sale?

    Demonstrate techniques for recording and finalising cash transactions at point of sale?

    Demonstrate organisational procedures for refunding cash sale transactions?

    Demonstrate cashing-up procedures and balancing cash transactions on completion of day`s trading 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  14851   National Certificate: Agri Trade Processes  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  AgriSETA 
    Core  13718   National Certificate: Retail and Wholesale Processes  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered"     		 2006-12-03  W&RSETA 
    Core  48969   National Certificate: Service Station Operations  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered"     		 2008-11-26  Was W&RSETA until Last Date for Achievement 
    Core  48864   National Certificate: Auctioneering Support  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2011-02-16  Was SERVICES until Last Date for Achievement 
    Elective  23154   National Certificate: Grain Handling Processes  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  AgriSETA 


    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. Deloitte 
    2. Guest Resource Services (Pty) Ltd 
    3. NWK Beperk 
    4. Senwes Beperk 
    5. Suidwes Beleggings Eiendoms Beperk 
    6. VKB LANDBOU (PTY) LTD 


    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.