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Evidence Guide: DEFFIN021 - Provide administration of banking services in the public sector environment

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

DEFFIN021 - Provide administration of banking services in the public sector environment

What evidence can you provide to prove your understanding of each of the following citeria?

Update official bank account

  1. Monitor cash balances
  2. Conduct daily bank reconciliations
  3. Adjust bank account balances
Monitor cash balances

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct daily bank reconciliations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Adjust bank account balances

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Process financial adjustments

  1. Process daily journals
  2. Process end of month journals
Process daily journals

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Process end of month journals

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare data for monthly reporting activities

  1. Gather data from relevant financial systems for inclusion in monthly reports
  2. Provide data for inclusion in reports
Gather data from relevant financial systems for inclusion in monthly reports

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide data for inclusion in reports

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1

Update official bank account

1.1

Monitor cash balances

1.2

Conduct daily bank reconciliations

1.3

Adjust bank account balances

2

Process financial adjustments

2.1

Process daily journals

2.2

Process end of month journals

3

Prepare data for monthly reporting activities

3.1

Gather data from relevant financial systems for inclusion in monthly reports

3.2

Provide data for inclusion in reports

Required Skills and Knowledge

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1

Update official bank account

1.1

Monitor cash balances

1.2

Conduct daily bank reconciliations

1.3

Adjust bank account balances

2

Process financial adjustments

2.1

Process daily journals

2.2

Process end of month journals

3

Prepare data for monthly reporting activities

3.1

Gather data from relevant financial systems for inclusion in monthly reports

3.2

Provide data for inclusion in reports

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.

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.

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.