TAP> Processing Transactions: Petty Cash & Banking
Course Purpose Explaining organisational procedures for petty cash and banking, processing transactions for petty cash and banking, demonstrating understanding of handling petty cash, monitoring related transactions, and maintaining control over both petty cash and banking activities are essential tasks in …
Course Purpose
Explaining organisational procedures for petty cash and banking, processing transactions for petty cash and banking, demonstrating understanding of handling petty cash, monitoring related transactions, and maintaining control over both petty cash and banking activities are essential tasks in ensuring proper financial management within an organisation.
What you’ll learn
Learners will be learning towards obtaining a national qualification at level 3 or are working in an administrative environment, including SMMEs (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 business areas or strive towards professional standards and improved performance. The qualifying learner is capable of explaining the petty cash and banking procedure according to organisational requirements, processing petty cash and banking transactions, demonstrating an understanding of petty cash handling and banking procedures, monitoring petty cash transactions and banking and controlling petty cash and banking.
Duration: 1 Day
Curriculum
- 5 Sections
- 24 Lessons
- 1 Day
- Unit 1: Petty cash transactions are recorded in the prescribed format and time frameASSESSMENT CRITERIA6
- 0.0The petty cash procedure for issuing money is explained
- 0.1Restrictions and limitations are identified, listed, and explained
- 0.2The procedure of recording petty cash transactions is explained
- 0.3Petty cash terminology is listed and explained
- 0.4The amount of the petty cash float is indicated
- 0.5The replenishment/imprest system is explained
- Unit 2: Process petty cash transactionsASSESSMENT CRITERIA6
- 0.0Money for petty cash is issued according to organisational procedures
- 0.1Staff are instructed on cash-system operating procedures
- 0.2The cash slip and change are reconciled with the issued petty cash voucher
- 0.3Petty cash transactions are recorded in the prescribed format and time frame
- 0.4Payments are analysed and any irregularities reported and rectified
- 0.5Petty cash float is balanced according to organisational procedures
- Unit 3: Explain the banking procedures conducted within the organisational contextASSESSMENT CRITERIA4
- 0.0The procedures to follow and the reasons for having cash, banking, receipt and payment procedures in place are explained to relevant individuals
- 0.1The source documents for processing banking transactions are described
- 0.2Different banking processes are utilised
- 0.3The legal procedures pertaining of banking are explained
- Unit 4: Process PaymentsASSESSMENT CRITERIA3
- Unit 5: Process banking transactionsASSESSMENT CRITERIA5
- 0.0All source documents are obtained to process banking transactions
- 0.1Source documents are reconciled and any discrepancies noted, reported and rectified
- 0.2Transfers, deposits and withdrawals are processed as per organisational requirements
- 0.3Any suspected irregularities are reported and rectified
- 0.4Security procedures relating to banking transactions are ensured
Requirements
- Grade 10
- NQF Level 2