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Evidence Guide: FNSRTS303 - Balance retail transactions

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

FNSRTS303 - Balance retail transactions

What evidence can you provide to prove your understanding of each of the following citeria?

Maintain terminal balances

  1. Maintain cash drawers or teller cash dispensers in accordance with organisational policy and procedures
  2. Manually check paid out cash for accuracy and balance transactions at close of business in accordance with organisational policy and procedures, with any discrepancies investigated and corrected to balance terminal
Maintain cash drawers or teller cash dispensers in accordance with organisational policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manually check paid out cash for accuracy and balance transactions at close of business in accordance with organisational policy and procedures, with any discrepancies investigated and corrected to balance terminal

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Remove receipts from terminal

  1. Perform terminal balances in line with organisational policy and procedures
  2. Supply cash to terminal or drawer according to organisational policy and procedures and record information appropriately after accurate checking
  3. Follow security policy and procedures in removal and transportation of cash and non-cash documents
Perform terminal balances in line with organisational policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Supply cash to terminal or drawer according to organisational policy and procedures and record information appropriately after accurate checking

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Follow security policy and procedures in removal and transportation of cash and non-cash documents

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Reconcile receipts

  1. Correctly count and calculate cash and non-cash documents
  2. Compare terminal reading and sum of cash and non-cash transactions appropriately to achieve balance
  3. Accurately record, in accordance with organisational policy and procedures, records of individual takings
Correctly count and calculate cash and non-cash documents

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Compare terminal reading and sum of cash and non-cash transactions appropriately to achieve balance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Accurately record, in accordance with organisational policy and procedures, records of individual takings

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Maintain terminal balances

1.1 Maintain cash drawers or teller cash dispensers in accordance with organisational policy and procedures

1.2 Manually check paid out cash for accuracy and balance transactions at close of business in accordance with organisational policy and procedures, with any discrepancies investigated and corrected to balance terminal

2. Remove receipts from terminal

2.1 Perform terminal balances in line with organisational policy and procedures

2.2 Supply cash to terminal or drawer according to organisational policy and procedures and record information appropriately after accurate checking

2.3 Follow security policy and procedures in removal and transportation of cash and non-cash documents

3. Reconcile receipts

3.1 Correctly count and calculate cash and non-cash documents

3.2 Compare terminal reading and sum of cash and non-cash transactions appropriately to achieve balance

3.3 Accurately record, in accordance with organisational policy and procedures, records of individual takings

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Maintain terminal balances

1.1 Maintain cash drawers or teller cash dispensers in accordance with organisational policy and procedures

1.2 Manually check paid out cash for accuracy and balance transactions at close of business in accordance with organisational policy and procedures, with any discrepancies investigated and corrected to balance terminal

2. Remove receipts from terminal

2.1 Perform terminal balances in line with organisational policy and procedures

2.2 Supply cash to terminal or drawer according to organisational policy and procedures and record information appropriately after accurate checking

2.3 Follow security policy and procedures in removal and transportation of cash and non-cash documents

3. Reconcile receipts

3.1 Correctly count and calculate cash and non-cash documents

3.2 Compare terminal reading and sum of cash and non-cash transactions appropriately to achieve balance

3.3 Accurately record, in accordance with organisational policy and procedures, records of individual takings

Evidence of the ability to:

maintain cash drawers and relevant cash dispensers

undertake all tasks related to cash and non-cash documents in accordance with organisational procedures and security requirements

accurately balance daily management of cash holdings and record in accordance with organisational requirements and procedures

precisely check cash and non-cash transactions

effectively use relevant data entry, terminal and office equipment.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

describe the key features of industry codes of practice and legislation including:

National Credit Code

Privacy Act

Credit Act

describe the key features of organisational policy and procedures relating to balancing transactions, including security policy and procedures

describe the steps involved in cash and non-cash security checking procedures

identify the key operational features and maintenance requirements of equipment and cash stocks.