Required skills

communication skills to

determine and confirm work requirements and interact with customers and internal clients using questioning and active listening as required

share information listen and understand

use language and concepts appropriate to cultural differences

numeracy skills to make financial calculations

well developed IT skills for

accessing and using accounting systems spreadsheets and databases

data analysis and interpretation

using internet information

evaluation and analysis skills to determine payment status and any discrepancies

literacy skills for data analysis and entry

organisational skills including the ability to plan and sequence work

Required knowledge

awareness of relevant acts and regulations impacting on payment authorisation

legal systems and procedures relevant to organisation payment systems

organisation policy and procedures

relevant organisation and industry codes of practice

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

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to

interpret and apply organisation policies and procedures and industry and legislative requirements for evaluating and authorising payment requests

verify and validate the accuracy of payment requests and accurately prepare payment documentation

use sound judgement to evaluate payment requests and authorise payments

Context of and specific resources for assessment

Assessment must ensure

competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment

access to and the use of a range of common office equipment technology software and consumables

access to an integrated financial software system and data

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples in combination are appropriate for this unit

evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency

verbal or written questioning on underpinning knowledge and skills

evaluating samples of work

accessing and validating third party reports

Guidance information for assessment

Payment requests may relate to:

Supporting documentation may include:

Payments coded and allocated to accounts may include:

Organisation policy and procedures may include:

Industry and legislative requirements may cover: