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: 

Process financial transactions in a gaming environment 
SAQA US ID UNIT STANDARD TITLE
246743  Process financial transactions in a gaming environment 
ORIGINATOR
SGB Hospitality, Gaming & Leisure 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Hospitality, Tourism, Travel, Gaming and Leisure 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  8 
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
2026-06-30   2029-06-30  

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 
The purpose of this unit standard is to enable financial transactions to be processed correctly in a gaming environment. The individual should develop competent usage of the appropriate policy and procedure to improve performance. The sub-field should develop a standard approach to dealing with the processing of financial transactions.

On achievement of this unit standard the learner will understand and be able to:
  • Complete financial transactions.
  • Explain and apply the reserve bank rules on foreign currency formalities.
  • Accept counts for verification.
  • Complete relevant paperwork.

    On completion of this unit standard the learner should be ready to develop learning in more complex areas related to processing financial transactions. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in:
  • Communication skills at NQF Level 3.
  • Mathematical literacy at NQF Level 3. 
    		•

    UNIT STANDARD RANGE 
    The typical scope and context of this unit standard is the administration of policy and procedure related to processing financial transactions within a casino environment. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Complete financial transactions. 
    OUTCOME RANGE 
    Includes but is not limited to completion of deposit slips, use of deposit stationery, issuing of winners cheques, receipts, disbursements, processing credit notes, cash banking, bank instrument banking, banking of foreign exchange, accepting the hard count, accepting the soft count, accepting the bill count, time date stamping. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Gaming Board regulations and company procedures are stated for processing the range of financial transactions. 

    ASSESSMENT CRITERION 2 
    The importance of all cashiering staff understanding how to complete the range of financial transactions is stressed for clarity. 

    ASSESSMENT CRITERION 3 
    Issues requiring confidentiality are described in order to protect business interests. 

    ASSESSMENT CRITERION 4 
    The importance of maintaining confidentiality is highlighted in displaying proper business ethics. 

    SPECIFIC OUTCOME 2 
    Explain and apply the reserve bank rules on foreign currency formalities. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Relevant identification is checked in accordance with company policy. 
    ASSESSMENT CRITERION RANGE 
    Includes but not limited to identity documents, passports, utility bills.
     

    ASSESSMENT CRITERION 2 
    Transaction and payment is verified as per company policy. 

    ASSESSMENT CRITERION 3 
    Foreign currency is banked according to company policy and procedure. 

    SPECIFIC OUTCOME 3 
    Accept counts for verification. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Count is verified and reconciled according to agreed practice. 

    ASSESSMENT CRITERION 2 
    All paperwork is completed and all signatories sign upon verification. 

    ASSESSMENT CRITERION 3 
    Count is absorbed and assimilated into float. 

    ASSESSMENT CRITERION 4 
    Compliance is ensured to Gaming Board and company policy and procedure. 

    SPECIFIC OUTCOME 4 
    Complete relevant paperwork. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    All paperwork is completed within given time-frames. 

    ASSESSMENT CRITERION 2 
    Copies of all paperwork are distributed to relevant departments within given time-frames. 

    ASSESSMENT CRITERION 3 
    Paperwork received is filed for balancing purposes. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed against this unit standard, including through the Recognition of Prior Learning (RPL), may apply to an assessment agency, assessor or provider institution accredited by the relevant Education and Training Quality Assurance body (ETQA), or one with an appropriate memorandum of understanding (MOU) with the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA, or one with an appropriate MOU with the relevant ETQA.
  • 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, or one with an appropriate MOU with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA, or one with an appropriate MOU with the relevant ETQA. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The knowledge, skill and understanding which should be embedded in the process to enable the learner to become competent in all of the Specific Outcomes for this unit standard, includes:
  • Relevant sections of reserve bank policy and procedure.
  • Compliance within the range of a given procedure.
  • Relevant paperwork.
  • Relevant reconciliation procedure. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO WORKING 
    Team work as part of the process of administering the policy and procedure involving team members. 

    UNIT STANDARD CCFO COLLECTING 
    Collecting and analysing information when reviewing policy and procedure. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communication in order to clearly outline processes. 

    UNIT STANDARD CCFO SCIENCE 
    Use of technology and science when using financial transaction equipment. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  59098   Further Education and Training Certificate: Gaming Supervision  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CATHSSETA 


    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.
     
    NONE 


    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.