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Elements and Performance Criteria

1. Update official bank account
   • Monitor cash balances
   • Conduct daily bank reconciliations
   • Adjust bank account balances
2. Process financial adjustments
   • Process daily journals
   • Process end of month journals
3. Prepare data for monthly reporting activities
   • Gather data from relevant financial systems for inclusion in monthly reports
   • Provide data for inclusion in reports

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment. Non-essential conditions may be found in the Companion Volume Implementation Guide.

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Performance Evidence

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include: complying with cash management policies complying with delegations and policies performing reconciliations preparing accounting journals producing monthly reports using complex spreadsheet formulas and functions.

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Knowledge Evidence

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of: the Australian banking legislation, national and international banking systems and international banking policies the Foreign Exchange (FOREX) implications for contracts and the purpose of the FOREX budget the nature and type of transactions the policies and procedures governing the use of special accounts in the Government environment the types of risks relevant to Government banking and cash management.

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