Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

FNSRTS309 Mapping and Delivery Guide
Maintain main bank account

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency FNSRTS309 - Maintain main bank account
Description
Employability Skills
Learning Outcomes and Application This unit describes the skills and knowledge required to analyse, verify and process credit and debit transactions, and prepare reconciliation reports.It applies to individuals who, within their limit of responsibility, use numeracy skills to accurately perform and check financial calculations and closely follow organisational procedures.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial retail services field of work and include:

access to common office equipment, technology, software and consumables.

Assessors must satisfy NVR/AQTF assessor requirements.
Prerequisites/co-requisites
Competency Field
Development and validation strategy and guide for assessors and learners Student Learning Resources Handouts
Activities 		Slides
PPT 		Assessment 1 Assessment 2 Assessment 3 Assessment 4
Elements of Competency Performance Criteria              
Element: Perform analysis of transactions
  • Reconcile teller bankings to daily amounts recorded in statements, in accordance with organisational policy and procedures, and relevant legislative and compliance requirements
  • Identify and action presented cheques, other credit and other debits according to organisational policy and procedures, and charge general ledger entries appropriately
  • Rectify errors and discrepancies in timely manner, and action and follow up as appropriate all entries on daily bank statements
       
Element: Analyse corporate cheques outstanding
  • Generate exceptions reports, and identify, investigate and action exceptions in timely manner
  • Identify and action stale cheques according to organisational policy and procedures
       
Element: Complete reconciliations
  • Complete reconciliation in accurate and timely manner, with any imbalances identified and rectified
  • Undertake appropriate liaison with customers and bank personnel as necessary
       


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.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Perform analysis of transactions

1.1 Reconcile teller bankings to daily amounts recorded in statements, in accordance with organisational policy and procedures, and relevant legislative and compliance requirements

1.2 Identify and action presented cheques, other credit and other debits according to organisational policy and procedures, and charge general ledger entries appropriately

1.3 Rectify errors and discrepancies in timely manner, and action and follow up as appropriate all entries on daily bank statements

2. Analyse corporate cheques outstanding

2.1 Generate exceptions reports, and identify, investigate and action exceptions in timely manner

2.2 Identify and action stale cheques according to organisational policy and procedures

3. Complete reconciliations

3.1 Complete reconciliation in accurate and timely manner, with any imbalances identified and rectified

3.2 Undertake appropriate liaison with customers and bank personnel as necessary

Evidence of the ability to:

verify and process cheques and debit and credit transactions accurately

thoroughly check transaction details and reconciliation reports, ensuring any errors are rectified in a timely manner

report any suspicious activity in accordance with organisational procedure

effectively complete bank account reconciliation processes, liaising with bank personnel if required.

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:

describe the key steps for the teller or customer service operator in analysing transactions and reconciling the main bank account

identify the key requirements of relevant legislation impacting on banking processes

identify and categorise the range and type of government and non-government charges affecting bank accounts

define the term ‘stale cheque’.

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, 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.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Perform analysis of transactions

1.1 Reconcile teller bankings to daily amounts recorded in statements, in accordance with organisational policy and procedures, and relevant legislative and compliance requirements

1.2 Identify and action presented cheques, other credit and other debits according to organisational policy and procedures, and charge general ledger entries appropriately

1.3 Rectify errors and discrepancies in timely manner, and action and follow up as appropriate all entries on daily bank statements

2. Analyse corporate cheques outstanding

2.1 Generate exceptions reports, and identify, investigate and action exceptions in timely manner

2.2 Identify and action stale cheques according to organisational policy and procedures

3. Complete reconciliations

3.1 Complete reconciliation in accurate and timely manner, with any imbalances identified and rectified

3.2 Undertake appropriate liaison with customers and bank personnel as necessary

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
Reconcile teller bankings to daily amounts recorded in statements, in accordance with organisational policy and procedures, and relevant legislative and compliance requirements 
Identify and action presented cheques, other credit and other debits according to organisational policy and procedures, and charge general ledger entries appropriately 
Rectify errors and discrepancies in timely manner, and action and follow up as appropriate all entries on daily bank statements 
Generate exceptions reports, and identify, investigate and action exceptions in timely manner 
Identify and action stale cheques according to organisational policy and procedures 
Complete reconciliation in accurate and timely manner, with any imbalances identified and rectified 
Undertake appropriate liaison with customers and bank personnel as necessary 

Forms

Assessment Cover Sheet

FNSRTS309 - Maintain main bank account
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

FNSRTS309 - Maintain main bank account

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: