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11944 Complete foreign currency sales transactions in a retail or

By Esther Hawkins,2014-11-22 16:17
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11944 Complete foreign currency sales transactions in a retail or

     11944 version 2

     22-Nov-10

     1 of 3

    SALES TRANSACTIONS

    Complete foreign currency sales

    transactions in a retail or distribution

    environment

level: 3

credit: 2

final date for comment: December 2009

expiry date: December 2010

sub-field: Retail, Distribution, and Sales

    purpose: People credited with this unit standard are able to convert

    foreign currency and complete sales transactions in New

    Zealand currency.

entry information: Open.

    accreditation option: Evaluation of documentation and visit by NZQA and industry.

    moderation option: A centrally established national moderation system has been

    set up by the Retail ITO.

special notes: 1 Definitions

     Foreign currency may include but is not limited to

    cash, travellers cheques, bank drafts.

     Organisational procedures refer to instructions to staff

    on policy and procedures which are formally

    documented, or generally accepted within the

    workplace.

     Retail or distribution environment refers to workplaces

    where the primary focus is on customers purchasing

    goods and/or services.

     2 Performance of the elements of this unit standard must

    comply with the requirements of the following: Bills of

    Exchange Act 1908; Cheques Act 1960; Reserve Bank

    Act 1989; Customs and Excise Act 1996; other

    published statutes, regulations, codes of practice,

    guidelines and standards relevant to the particular

    workplace; and their subsequent amendments and

    replacements.

     ; New Zealand Qualifications Authority 2010

     11944 version 2

     22-Nov-10

     2 of 3

    SALES TRANSACTIONS

    Complete foreign currency sales

    transactions in a retail or distribution

    environment

     3 Evidence is required of three foreign currency

    transactions in at least two currencies.

Elements and Performance Criteria

element 1

Convert foreign currency.

performance criteria

    1.1 Foreign currency rates are verified in accordance with organisational

    procedures.

    1.2 Accurate and current information on rates and fees is provided to customer prior

    to transaction.

    1.3 Foreign currency received is converted to New Zealand currency at current rate

    in accordance with organisational requirements.

element 2

Complete sales transactions in New Zealand currency.

performance criteria

    2.1 Product details are checked in accordance with organisational procedures.

    Range: identification, price in New Zealand currency.

    2.2 Payment is received for goods and correct change is given in New Zealand

    currency, within limits of organisational procedures.

    2.3 Details of sales transaction are confirmed with customer.

    2.4 Record of sales transaction is accurate, complete, and complies with

    organisational procedures and banking requirements.

     ; New Zealand Qualifications Authority 2010

     11944 version 2

     22-Nov-10

     3 of 3

    SALES TRANSACTIONS

    Complete foreign currency sales

    transactions in a retail or distribution

    environment

    2.5 Security is maintained in accordance with organisational procedures.

Comments on this unit standard

    Please contact Retail ITO info@retailito.org.nz if you wish to suggest changes to the content of this unit standard.

Please Note

    Providers must be accredited by the Qualifications Authority or a delegated inter-institutional body before they can register credits from assessment against unit standards or deliver courses of study leading to that assessment.

    Industry Training Organisations must be accredited by the Qualifications Authority before they can register credits from assessment against unit standards.

    Accredited providers and Industry Training Organisations assessing against unit standards must engage with the moderation system that applies to those standards.

    Accreditation requirements and an outline of the moderation system that applies to this standard are outlined in the Accreditation and Moderation Action Plan (AMAP). The AMAP also includes useful information about special requirements for providers wishing to develop education and training programmes, such as minimum qualifications for tutors and assessors, and special resource requirements.

This unit standard is covered by AMAP 0225 which can be accessed at

    http://www.nzqa.govt.nz/site/framework/search.html.

     ; New Zealand Qualifications Authority 2010

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