NTISthis.com

Evidence Guide: SISXFAM002 - Process financial 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

 

SISXFAM002 - Process financial transactions

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

Process customer payments.

  1. Receive, check and record cash float according to organisational procedures.
  2. Check customer payments against sale value.
  3. Calculate and provide correct change for cash payments.
  4. Prepare and issue accurate receipts including all relevant tax details.
  5. Complete refund transactions according to organisational policies and procedures.
  6. Process and record transactions using software applications and according to organisational procedures.
  7. Collect and record accurate client data according to record keeping requirements.
  8. Balance customer payments at the designated time according to organisational procedures.
  9. Accurately count and calculate customer payments.
  10. Balance cash and other payments with point-of-sale records and account for float.
  11. Investigate and report discrepancies in the reconciliation.
  12. Record takings according to organisational procedures.
  13. Transport and secure cash and other payments according to organisational security procedures.
Receive, check and record cash float according to organisational procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check customer payments against sale value.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Calculate and provide correct change for cash payments.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare and issue accurate receipts including all relevant tax details.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete refund transactions according to organisational policies and procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Process and record transactions using software applications and according to organisational procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Collect and record accurate client data according to record keeping requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Balance customer payments at the designated time according to organisational procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Accurately count and calculate customer payments.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Balance cash and other payments with point-of-sale records and account for float.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Investigate and report discrepancies in the reconciliation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record takings according to organisational procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Transport and secure cash and other payments according to organisational security procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge