- SIRXFIN001A - Balance point-of-sale terminal
Assessor Resource
SIRXFIN001A
Balance point-of-sale terminal
Assessment tool
Version 1.0
Issue Date: April 2024
This unit is undertaken with some supervision. It requires the team member to apply store policy and procedures to accurately and efficiently balance a register or terminal, maintain a cash float, reconcile cash and non-cash transactions and record takings.
This unit describes the performance outcomes, skills and knowledge required to balance a register or terminal in a retail environment. It involves clearing the register, counting money, calculating non-cash transactions and reconciling takings.
You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)
Prerequisites
Nil
Employability Skills
The required outcomes described in this unit contain applicable facets of employability skills. The Employability Skills Summary of the qualification in which this unit is packaged will assist in identifying employability skills requirements.
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.
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package. | |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | Evidence of the following is essential: operates register or terminal equipment according to manufacturer instructions and store policy consistently applies store policy and procedures in regard to handling cash and removing takings from register or terminal consistently applies store policy and procedures in regard to cash float consistently applies store policy and procedures in regard to reading registers and recording information processes documentation and records responsibly and according to store policy and procedures reconciles takings according to store policy and procedures. |
Context of and specific resources for assessment | Assessment must ensure access to: a real or simulated work environment relevant documentation, such as: financial transaction dockets, slips and invoices sample debit card and credit card vouchers recording and tally sheets store policy and procedure manuals in regard to register or terminal balance register or terminal and related equipment. |
Methods of assessment | A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit: observation of performance in the workplace a role play third-party reports from a supervisor written or verbal questioning to assess knowledge and understanding review of portfolios of evidence and third-party workplace reports of on-the-job performance. Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example: SIRXCCS001A Apply point-of-sale handling procedures SIRXRSK001A Minimise theft. |
Assessing employability skills | Employability skills are integral to effective performance in the workplace and are broadly consistent across industry sectors. How these skills are applied varies between occupations and qualifications due to the different work functions and contexts. Employability skills embedded in this unit should be assessed holistically in the context of the job role and with other relevant units that make up the skill set or qualification. |
Submission Requirements
List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, 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.
This section describes the essential skills and knowledge and their level, required for this unit. |
The following skills must be assessed as part of this unit: operating register or terminal completing tasks in a set timeframe literacy skills in regard to: interpreting documentation completing documentation numeracy skills in regard to: counting cash calculating non-cash transactions reporting on takings. |
The following knowledge must be assessed as part of this unit: store policy and procedures in regard to: register or terminal balance cash and non-cash transactions security cash float operation of equipment used at register or terminal cash and non-cash handling procedures, including: opening and closing point-of-sale terminal clearance of terminal and transference of tender maintenance of cash float counting cash calculating non-cash documents balancing point-of-sale terminal recording takings security of cash and non-cash transactions change required and denominations of change EFTPOS credit cards gift vouchers lay-by credit and returns. |
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below. | |
Register or terminals may be: | manual electronic cleared by operator or specialist staff cleared at intervals during or at close of trading. |
Store policy and procedures in regard to: | register or terminal balance cash handling security. |
Non-cash documents may relate to: | credit cards cheques gift vouchers hire-purchase lay-by cash on delivery (COD) customer refunds customer credit ratings. |
Relevant personnel may include: | manager supervisor team leader. |
Records may be: | manual electronic. |
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 |
|---|---|---|---|
| Perform register or terminal balance at designated times according to store policy and procedures. | |||
| Separate cash float from takings prior to balancing procedure and secure according to store policy. | |||
| Supply change to register or terminal according to store policy. | |||
| Acquire and accurately interpret register or terminal reading or print-out. | |||
| Remove and transport cash and non-cash documents according to store security policy and procedures. | |||
| Count cash accurately. | |||
| Calculate non-cash documents accurately. | |||
| Determine balance between register or terminal reading and sum of cash and non-cash transactions. | |||
| Report discrepancies between register or terminal reading and sum of cash and non-cash transactions to relevant personnel according to store policy. | |||
| Record store and individual department takings and file records according to store policy. |
Forms
Assessment Cover Sheet
SIRXFIN001A - Balance point-of-sale terminal
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
SIRXFIN001A - Balance point-of-sale terminal
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: