|SOUTH AFRICAN QUALIFICATIONS AUTHORITY|
|REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:|
|Managing cash in a retail/wholesale business|
|SAQA US ID||UNIT STANDARD TITLE|
|8703||Managing cash in a retail/wholesale business|
|SGB Retail and Wholesale|
|PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY|
|Field 11 - Services||Wholesale and Retail|
|ABET BAND||UNIT STANDARD TYPE||PRE-2009 NQF LEVEL||NQF LEVEL||CREDITS|
|Undefined||Regular||Level 5||Level TBA: Pre-2009 was L5||20|
|REGISTRATION STATUS||REGISTRATION START DATE||REGISTRATION END DATE||SAQA DECISION NUMBER|
Passed the End Date -
Status was "Reregistered"
|LAST DATE FOR ENROLMENT||LAST DATE FOR ACHIEVEMENT|
|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 cash 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|
|Numeracy and literacy on NQF level 4 or equivalent|
|UNIT STANDARD RANGE|
|Specific Outcomes and Assessment Criteria:|
|SPECIFIC OUTCOME 1|
|The demonstrated ability to make decisions and consider options.|
|ASSESSMENT CRITERION 1|
|1. Developing and monitoring daily cash handling procedures and controls in retail/wholesale business.|
|ASSESSMENT CRITERION 2|
|2. Plan and control the banking of cash in retail/wholesale outlets.|
|ASSESSMENT CRITERION 3|
|3. Auditing cash reconciliation processes for transactions recorded at points of sale in retail/wholesale outlets.|
|ASSESSMENT CRITERION 4|
|4. Solve variances in reconciliation of cash receipts and cash payments with bank statements.|
|ASSESSMENT CRITERION 5|
|5. Designing and implementing a policy regarding the acceptance of the various forms of payment based on the requirements of the target market.|
|ASSESSMENT CRITERION 6|
|6. Managing the cash flow of a RW business.|
|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? Techniques for analysing cash variances and recommending loss prevention methods ? Competitor strategies for promoting cash sales|
|Critical Cross-field Outcomes (CCFO):|
|UNIT STANDARD CCFO IDENTIFYING|
|UNIT STANDARD CCFO COLLECTING|
|UNIT STANDARD CCFO COMMUNICATING|
|The ability to:? 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|
|Assessment Criteria:The ability to produce all of the following evidence:
Demonstrate correctly techniques for controlling start of day cash procedures?
Demonstrate correctly techniques for controlling cash reconciliations at end of the day?
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
Demonstrate ability to control the application of cash banking procedures and policies to ensure compliance to set standards.
Produce evidence of solving variances in cash reconciliation processes
Rectify all variances in the reconciliation of cash receipts, payments and bank statements?
Compile an effective policy and procedure regarding the acceptance of the various forms of payment based on the requirements of the target market ?
Demonstrate techniques for authorising payment of transactions within organisational policies
Determine a strategy that will ensure sufficient working capital for the cash flow needs of the WR-business
|QUALIFICATIONS UTILISING THIS UNIT STANDARD:|
|ID||QUALIFICATION TITLE||PRE-2009 NQF LEVEL||NQF LEVEL||STATUS||END DATE||PRIMARY OR DELEGATED QA FUNCTIONARY|
|Core||22154||National Certificate: Wholesale and Retail Operations Management||Level 5||Level TBA: Pre-2009 was L5||Passed the End Date -
Status was "Reregistered"
|2008-11-01||Was W&RSETA until Last Date for Achievement|
|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|
|2.||Foschini Retail Group Pty Ltd|