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

SIRRRTF001 Mapping and Delivery Guide
Balance and secure point-of-sale terminal

Version 1.0
Issue Date: March 2024


Qualification -
Unit of Competency SIRRRTF001 - Balance and secure point-of-sale terminal
Description
Employability Skills
Learning Outcomes and Application This unit describes the performance outcomes, skills and knowledge required to balance and reconcile a register or terminal in a retail environment, clear registers, count money, calculate non cash transactions, and reconcile and record takings.It applies to individuals working in frontline operational roles in a diverse range retail industry sectors and business contexts. They operate with some independence under general supervision and guidance from others, and within established organisational policies and procedures. No occupational licensing, certification or specific legislative 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.

Skills must be demonstrated in a retail environment. This can be:

an industry workplace

a simulated industry environment.

Assessment must ensure access to:

organisational policies and procedures related to point-of-sale

point-of-sale equipment and consumables

financial transaction documentation for non-cash sales

cash

assessment activities that allow the individual to work with commercial speed, timing and productivity.

Assessors must satisfy the Standards for Registered Training Organisations’ requirements for assessors.

Prerequisites/co-requisites
Competency Field Retail Financials
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: Balance and secure takings.
  • Perform register or terminal balance at designated times.
  • Separate cash float from takings prior to balancing and secure takings.
  • Supply change to register or terminal and accurately record.
  • Obtain and interpret register or terminal reading or print-out.
  • Secure cash and non cash documents according to organisational procedures.
       
Element: Reconcile takings.
  • Count cash accurately.
  • Calculate non cash documents accurately.
  • Determine balance between register or terminal reading and sum of cash and non cash transactions.
  • Investigate or report discrepancies between register or terminal reading and sum of cash and non cash transactions to relevant personnel.
  • Record takings and file records according to organisational procedures.
       


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.

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Balance and secure takings.

1.1.Perform register or terminal balance at designated times.

1.2.Separate cash float from takings prior to balancing and secure takings.

1.3.Supply change to register or terminal and accurately record.

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

1.5.Secure cash and non cash documents according to organisational procedures.

2. Reconcile takings.

2.1.Count cash accurately.

2.2.Calculate non cash documents accurately.

2.3.Determine balance between register or terminal reading and sum of cash and non cash transactions.

2.4.Investigate or report discrepancies between register or terminal reading and sum of cash and non cash transactions to relevant personnel.

2.5.Record takings and file records according to organisational procedures.

Evidence of the ability to complete tasks outlined in elements and performance criteria of this unit in the context of the job role, and:

consistently apply organisational policies and procedures to:

balance a register or terminal on three occasions with complete accuracy

reconcile three different sets of takings comprising both cash and non-cash with complete accuracy

identify and resolve three different types of balancing discrepancies

process three different types of takings according to organisational policies and procedures.

Demonstrated knowledge required to complete the tasks outlined in elements and performance criteria of this unit:

role and importance of the balancing process

techniques for identifying and resolving discrepancies

functions and procedures for operating point-of-sale equipment:

opening and closing

balancing

clearance of terminal and transference of tender

recording takings

consumables required by system

security

cash handling procedures:

counting cash

handling cash floats

change required, denominations of change and tendering change

security

organisational policies and procedures for non-cash transactions:

credit cards

EFTPOS

vouchers

organisational policies and procedures for:

exchanges

refunds

lay-by

cash handling

cash float

operation of point-of-sale equipment

register or terminal balance

security of cash and non cash transactions.


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.

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Balance and secure takings.

1.1.Perform register or terminal balance at designated times.

1.2.Separate cash float from takings prior to balancing and secure takings.

1.3.Supply change to register or terminal and accurately record.

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

1.5.Secure cash and non cash documents according to organisational procedures.

2. Reconcile takings.

2.1.Count cash accurately.

2.2.Calculate non cash documents accurately.

2.3.Determine balance between register or terminal reading and sum of cash and non cash transactions.

2.4.Investigate or report discrepancies between register or terminal reading and sum of cash and non cash transactions to relevant personnel.

2.5.Record takings and file records according to organisational procedures.

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. 
Separate cash float from takings prior to balancing and secure takings. 
Supply change to register or terminal and accurately record. 
Obtain and interpret register or terminal reading or print-out. 
Secure cash and non cash documents according to organisational procedures. 
Count cash accurately. 
Calculate non cash documents accurately. 
Determine balance between register or terminal reading and sum of cash and non cash transactions. 
Investigate or report discrepancies between register or terminal reading and sum of cash and non cash transactions to relevant personnel. 
Record takings and file records according to organisational procedures. 

Forms

Assessment Cover Sheet

SIRRRTF001 - 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

SIRRRTF001 - 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: