Application
Work must be carried out in compliance with the relevant regulations and workplace requirements concerning the maintenance of petty cash accounts. Work is performed under some supervision generally within a team environment. It involves the application of workplace procedures and regulatory requirements to the maintenance of petty cash accounts as part of work activities in the transport, distribution and/or allied industries. |
Prerequisites
Not Applicable
Elements and Performance Criteria
ELEMENT | PERFORMANCE CRITERIA |
1Prepare petty cash documentation | 1.1 Requests for petty cash advances are validated and required vouchers are prepared 1.2 Petty cash claims are validated and attached receipts are checked 1.3 Claim documentation is prepared and checked for accuracy before processing 1.4 Claims and vouchers are presented to nominated person/section for checking and approval appropriate to workplace limits 1.5 Irregularities are noted and referred to nominated person/section for resolution 1.6 Details of claims and vouchers are recorded to enable tracing and balancing of cash holding |
2Conduct cash transactions | 2.1 Petty cash is provided against claims and vouchers from cash holding 2.2 Petty cash returns are secured and return receipts are provided 2.3 Petty cash returns are documented to enable tracing and balancing of cash holding 2.4 Documented transactions are reconciled against cash held 2.5 Cash is drawn using workplace procedures to maintain a balance appropriate to normal transaction levels 2.6 Cash is secured in accordance with workplace security requirements |
Required Skills
REQUIRED KNOWLEDGE AND SKILLS |
This describes the essential knowledge and skills and their level required for this unit. |
Required knowledge: |
Codes of practice and regulations relevant to the maintenance of petty cash accounts |
Relevant OH&S and environmental protection procedures and guidelines |
Workplace procedures and policies for the maintenance of petty cash accounts |
Focus of operation of work systems, equipment, management and site operating systems for the maintenance of petty cash accounts |
Problems that may occur when maintaining petty cash accounts and appropriate action that can be taken to resolve the problems |
Documentation requirements for the maintenance of petty cash accounts |
Instruments of payment including letters of credit, cheques, promissory notes, bank drafts etc. |
Required skills: |
Communicate and negotiate effectively with others when maintaining petty cash accounts |
Read and interpret instructions and procedures relevant to petty cash accounts |
Interpret and follow operational instructions and prioritise work |
Complete documentation related to petty cash accounts |
Work collaboratively with others when maintaining petty cash accounts |
Adapt appropriately to cultural differences in the workplace, including modes of behaviour and interactions with others |
Promptly report and/or rectify any identified problems that may arise when maintaining petty cash accounts in accordance with regulatory requirements and workplace procedures |
Monitor work activities in terms of planned schedule |
Work systematically with required attention to detail |
Select and use relevant computer, communication and office equipment |
Adapt to differences in equipment in accordance with standard operating procedures |
Evidence Required
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required knowledge and skills, the range statement and the assessment guidelines for this Training Package. | |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | The evidence required to demonstrate competency in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria of this unit and include demonstration of applying: the underpinning knowledge and skills relevant legislation and workplace procedures other relevant aspects of the range statement |
Context of and specific resources for assessment | Performance is demonstrated consistently over a period of time and in a suitable range of contexts Resources for assessment include: a range of relevant exercises, case studies and/or other simulated practical and knowledge assessment, and/or access to an appropriate range of relevant operational situations in the workplace In both real and simulated environments, access is required to: relevant and appropriate materials and equipment, and applicable documentation including workplace procedures, regulations, codes of practice and operation manuals |
Method of assessment | Assessment of this unit must be undertaken by a registered training organisation As a minimum, assessment of knowledge must be conducted through appropriate written/oral tests Practical assessment must occur: through activities in an appropriately simulated environment at the registered training organisation, and/or in an appropriate range of situations in the workplace |
Range Statement
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. | |
Work may be conducted: | in a range of work environments by day or night |
Customers may be: | internal or external |
Workplaces may comprise: | large, medium or small worksites |
Equipment may include: | filing and record keeping system cash holding box/system cash transaction record book relevant computer software |
Recording mechanisms/systems may be: | paper-based or electronic |
Business source documents may include, but are not exclusive to: | purchase requisitions invoices delivery dockets bank statements cash register rolls purchase orders receipts credit notes remittance advice deposit books |
Hazards in the work area may include exposure to: | chemicals dangerous or hazardous substances movements of equipment, goods, materials and vehicular traffic |
Consultative processes may involve: | other employees and supervisors current and potential customers suppliers, customers and clients relevant authorities and institutions management and union representatives industrial relations and OH&S specialists |
Communication in the work area may include: | phone electronic data interchange (EDI) fax internet RF systems oral, aural or signed communications |
Depending on the type of organisation concerned and the local terminology used, workplace procedures may include: | company procedures enterprise procedures organisational procedures established procedures |
Personal protective equipment may include: | gloves safety headwear and footwear safety glasses high visibility clothing |
Information/documents may include: | workplace procedures and policies concerning petty cash transactions including security procedures codes of practice and regulations relevant to petty cash accounts operations manuals, job specifications and induction documentation manufacturers specifications for equipment award, enterprise bargaining agreement, other industrial arrangements relevant Australian standards and certification requirements quality assurance procedures emergency procedures |
Applicable regulations and legislation may include: | relevant codes and regulations for the provision of credit services privacy legislation conditions of credit extension policies and related government legislation audit and financial legislation relevant state/territory OH&S and environmental protection legislation workplace relations regulations workers compensation regulations |
Sectors
Not Applicable
Employability Skills
This unit contains employability skills. |
Licensing Information
Refer to Unit Descriptor