Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

FNSICACC304B Mapping and Delivery Guide
Prepare and bank receipts

Version 1.0
Issue Date: April 2024


Qualification -
Unit of Competency FNSICACC304B - Prepare and bank receipts
Description This unit describes the functions involved in preparing and banking financial receipts.This unit describes the functions involved in preparing and banking financial receipts.
Employability Skills The required outcomes described in this unit of competency contain applicable facets of employability skills. The Employability Skills Summary for the qualification in which this unit of competency is packaged, will assist in identifying employability skills requirements.The required outcomes described in this unit of competency contain applicable facets of employability skills. The Employability Skills Summary for the qualification in which this unit of competency is packaged, will assist in identifying employability skills requirements.
Learning Outcomes and Application This unit requires the application of skills and knowledge required to prepare and bank financial receipts. The unit encompasses batching monetary items, preparing deposit facilities and lodging flows.The unit may apply to any sector within the financial services sector where preparing and banking receipts is required. The unit has application to any job function within the financial services sectors that involves preparing and banking receipts. For example, bank tellers, credit union tellers, cashiers at foreign exchange outlet.This unit requires the application of skills and knowledge required to prepare and bank financial receipts. The unit encompasses batching monetary items, preparing deposit facilities and lodging flows.The unit may apply to any sector within the financial services sector where preparing and banking receipts is required. The unit has application to any job function within the financial services sectors that involves preparing and banking receipts. For example, bank tellers, credit union tellers, cashiers at foreign exchange outlet.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.
Prerequisites/co-requisites Not applicable.
Competency Field
Development and validation strategy and guide for assessors and learners Student Learning Resources Handouts
Activities 		Slides
PPT 		Assessment 1 Assessment 2 Assessment 3 Assessment 4
Elements of Competency Performance Criteria              
Element: Batch monetary items
  • Items are batched completely and accurately
  • Batch items are matched to initial receipt records precisely
       
Element: Prepare deposit facility
  • Deposit facility selected is appropriate to the banking method used
  • Batch is balanced with deposit facility without error
       
Element: Lodge flows
  • Security and safety precautions are taken appropriate to the method of banking in accordance with company policy and industry and legislative requirements
  • Proof of lodgement is obtained and filed in accordance with company procedures
       


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

EVIDENCE GUIDE

Assessment of performance requirements in the unit should be undertaken in an industry context. The Evidence Guide identifies the critical aspects, knowledge and skills to be demonstrated to confirm competency for the unit. Competency is demonstrated by performance of all stated criteria including the Range Statement applicable to the workplace.

Overview of assessment requirements

To achieve competency in this unit, a person must be able to demonstrate:

knowledge of relevant industry and legislative requirements

knowledge of relevant company policies and procedures

knowledge of relevant security measures for preparing and banking receipts

ability to batch monetary items

ability to prepare deposit facilities

ability to lodge flows

Critical aspects of evidence

Evidence required for demonstration of consistent performance:

Competence in this unit must be assessed over a period of time in order to ensure consistency of performance over the Range Statement and contexts applicable to the work environment.

Delivery/relationship to other units:

This unit may be assessed on its own or it may be assessed with other units that cover related skills and knowledge.

Evidence is most relevant when provided through an integrated activity which combines the elements of competency for the unit, or a cluster of units of competency.

Assessment requirements

Method of assessment:

For valid and reliable assessment of this unit, evidence must be gathered through a range of methods to indicate consistent performance.

Assessment of this unit of competence will usually include observation of processes and procedures, oral and/or written questioning on underpinning knowledge and skills and other methods as required.

Context of assessment:

Assessment of performance requirements in this unit should be undertaken within the financial services industry context and should cover aspects of personal/financial responsibility and accountability.

Aspects of competency, including the attainment of relevant knowledge and skills, may be assessed in a relevant workplace, a closely simulated work environment, or other appropriate means that clearly meet industry competency requirements.

Resources required for assessment:

Unless otherwise specified, there are no significant resource implications for assessment of this unit, apart from access to a relevant workplace or closely simulated office environment and the use of a range of office equipment, technology and consumables. These may include standard commercial computer hardware, software, telephones, facsimiles, and other relevant office equipment.

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

REQUIRED KNOWLEDGE&SKILLS

Knowledge requirements include:

company policy and procedures

knowledge or awareness of relevant acts and regulations

legal systems and procedures

industry codes of practice

computer systems

procedure writing

Skills requirements include:

computerised spreadsheet and database

data analysis and interpretation

evaluative and general analytical skills

negotiation and interpersonal skills

The Range Statement relates to the unit of competency as a whole. It allows for different work environments and situations that will affect performance.

The following variables may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts. If bold italicised text is shown in Performance Criteria, details of the text are provided in the Range Statement.

Batches are:

grouped receipts treated as a separate transaction entity

Deposits facilities may include:

bank deposit slip

direct debit transaction report

Banking methods may include:

personal

through third party security company

pick-up

Security measures may include:

banking of all negotiable instruments on day received

all batches posted on day of receipt

cash management processes

Company policy and procedures may include:

operations manual

internal control guidelines

computer system documentation

Industry and legislative requirements may cover:

Australian Accounting Standards

relevant insurance act

Consumer Credit legislation

Privacy Act

Taxation Act

industry code of practice

Australian Securities and Investments Commission (ASIC) Code

Trade Practices Act

Stamp Duties Act

Proof of lodgement may include:

bank stamped deposit facility

verified transaction listing

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Items are batched completely and accurately 
Batch items are matched to initial receipt records precisely 
Deposit facility selected is appropriate to the banking method used 
Batch is balanced with deposit facility without error 
Security and safety precautions are taken appropriate to the method of banking in accordance with company policy and industry and legislative requirements 
Proof of lodgement is obtained and filed in accordance with company procedures 

Forms

Assessment Cover Sheet

FNSICACC304B - Prepare and bank receipts
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

FNSICACC304B - Prepare and bank receipts

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: