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:

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
Passed the End Date - Status was "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

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	Passed the End Date - Status was "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.

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