Financial Literacy 20, 30
Course Configurations
Explore the attributes and uses of cheques.
Indicators for this outcome
| (a) | Discuss what a cheque is and why cheques are used. |
| (b) | Research the evolution and current use of cheques and predict the future of this payment form including the impact of technologies. |
| (c) | Identify information found on a cheque including the account number, transit numbers and financial institution number. |
| (d) | Identify when different types of cheques (e.g., void, personal, certified and travellers) might be used. |
| (e) | Explain common issues (e.g., non-sufficient funds and post- and stale-dated) related to the use of cheques. |
| (f) | Discuss stop payment options associated with cheques. |
| (g) | Differentiate between restrictive, special and blank endorsements of a cheque. |
| (h) | Fill in a blank cheque template for various scenarios including the purpose of dual signatures as an internal control requirement for an organization. |
| (i) | Record transactions using a paper or electronic cheque register. |
| (j) | Investigate examples of cheque fraud and discuss the importance of being able to recognize a fraudulent cheque. |
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