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.
ELEMENT | PERFORMANCE CRITERIA |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Receive, identify and record receipts | 1.1 Check receipts against remittance documentation in accordance with established procedures 1.2 Record and allocate receipts accurately in accordance with organisational policy and procedures 1.3 Complete batching in accordance with organisational systems and operating procedures, and advise relevant departments of total daily receipts |
2. Match receipts to documentation | 2.1 Check and match receipts to documentation accurately and promptly, and maintain documentation securely to protect interests of all parties to transaction 2.2 Note unmatched receipts for follow up or referral in accordance with organisational, industry and legislative requirements |
3. Enter data to systems | 3.1 Record and allocate receipts to appropriate chart of accounts in timely and accurate manner in accordance with organisational policy and procedures 3.2 Match receipts accurately to system debit, and promptly identify data and allocation discrepancies for follow up 3.3 Seek advice on source of and solution to discrepancies, where necessary, to solve outstanding problems 3.4 Update related systems, complete reconciliations and resolve discrepancies between general ledger and sub-systems |
4. File documentation | 4.1 File documentation promptly in accordance with organisational policy and procedures 4.2 File documentation in location that is accessible and easily traceable |
Evidence of the ability to:
check, batch and match receipts accurately to relevant documentation following organisational policy and procedures for processing receipts
follow up discrepancies with appropriate personnel to solve outstanding issues
enter data into the organisational systems and correctly file documentation.
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:
identify the key requirements of legislation relevant to payment systems
outline organisational policy and procedures relating to receipting payments
identify possible areas of discrepancy when processing receipts.
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the account management field of work and include access to:
common office equipment, technology, software and consumables
an integrated financial software system and data.
Assessors must satisfy NVR/AQTF assessor requirements.