Assessor Resource

SIRXFIN201
Balance and secure point-of-sale terminal

Assessment tool

Version 1.0
Issue Date: April 2024


This unit applies to frontline retail staff working under some supervision.

This unit describes the performance outcomes, skills and knowledge required to balance and reconcile a register or terminal in a retail environment. It involves clearing the register, counting money, calculating noncash transactions, and reconciling and recording takings.

The unit requires the application of store policy and procedures in undertaking those tasks.

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

This unit contains employability skills.



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, range statement and the Assessment Guidelines for the 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

applies store policy and procedures in regard to handling cash and removing takings from register or terminal

applies store policy and procedures in regard to cash float

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 retail 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.

Method 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

role play

written or verbal questioning to assess knowledge and understanding

review of portfolios of evidence and third-party workplace reports of on-the-job performance.

Guidance information for assessment

Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:

SIRXCCS201 Apply point-of-sale handling procedures

SIRXRSK201 Minimise loss.

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.

Required skills

literacy and numeracy skills to:

balance the register or terminal

count cash

calculate noncash transactions

calculate discrepancies between reported and actual takings

complete documentation

interpret documentation

report on takings

planning and organising skills to complete tasks in a set timeframe

technology skills to operate register or terminal

Required knowledge

cash and noncash handling procedures, including:

balancing point-of-sale terminal

calculating noncash documents

change required and denominations of change

clearance of terminal and transference of tender

counting cash

credit and returns

credit cards

EFTPOS

gift vouchers

lay-by

maintenance of cash float

opening and closing point-of-sale terminal

recording takings

security of cash and noncash transactions

store policy and procedures in regard to:

cash float

operation of equipment used at register or terminal

register or terminal balance

security of cash and noncash transactions

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, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the individual, accessibility of the item, and local industry and regional contexts) may also be included.

Register or terminal may be:

cleared at intervals during or at close of trading

cleared by operator or specialist staff

electronic

manual.

Store policy and procedures in regard to:

cash handling

register or terminal balance

security.

Noncash documents may relate to:

cash on delivery (COD)

cheques

credit cards

customer credit ratings

customer refunds

gift vouchers

hire-purchase

lay-by.

Relevant personnel may include:

manager

supervisor

team leader.

Records may be:

electronic

manual.

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. 
Obtain and interpret register or terminal reading or print-out. 
Secure 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

SIRXFIN201 - Balance and secure 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

SIRXFIN201 - Balance and secure 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: