NZQA Expiring unit standard
11944 version 4
Page 1 of 3
Title
Complete foreign currency sales transactions in a retail or
distribution environment
Level
3
Credits
2
Purpose
People credited with this unit standard are able to: exchange
foreign currency and complete sales transactions in New
Zealand currency, in a retail or distribution environment, in
accordance with organisational procedures.
Classification
Retail, Distribution, and Sales > Sales Transactions
Available grade
Achieved
Explanatory notes
1
Definitions
Foreign currency refers to any currency that is in use in a foreign country but not in
one's own, for example, the US dollar is foreign currency in New Zealand. Foreign
currency can be issued as cash, travellers’ cheques, bank drafts.
Foreign exchange refers to a system or institution for changing the money of one
country for the money of another country.
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 outcomes 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.
3
Evidence is required of two foreign currency transactions in at least two currencies.
This unit standard is
expiring
Outcomes and evidence requirements
Outcome 1
Exchange foreign currency in accordance with organisational procedures.
Evidence requirements
1.1
Foreign currency rates are verified.
1.2
Accurate and current information on rates and fees is provided to customer prior
to transaction.
ServiceIQ
SSB Code 9068
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
1.3
11944 version 4
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Foreign currency received is exchanged to New Zealand currency at current
rate.
Outcome 2
Complete sales transactions in New Zealand currency in accordance with organisational
procedures.
Evidence requirements
2.1
Product details are checked and requirements are checked with customer.
Range
identification, price in New Zealand currency.
2.2
Payment is received for goods and correct change is given in New Zealand
currency.
2.3
Record of sales transaction is accurate, complete, and complies with banking
requirements.
2.4
Security is maintained.
This unit standard is expiring. Assessment against the standard must take place by
the last date for assessment set out below.
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
31 October 1997
31 December 2013
Review
2
16 December 2005
31 December 2013
3
15 April 2011
31 December 2016
This
unit
standard
is
Review
4
21 May 2015
31 December 2016
expiring
Consent and Moderation Requirements (CMR) reference
0225
Review
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
ServiceIQ
SSB Code 9068
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
11944 version 4
Page 3 of 3
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
This unit standard is
expiring
ServiceIQ
SSB Code 9068
 New Zealand Qualifications Authority 2016