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Evidence Guide: FNSRTS308 - Balance cash holdings

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

 

FNSRTS308 - Balance cash holdings

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

Maintain accurate cash floats

  1. Maintain cash in drawer in accordance with organisational policy and procedures
  2. Conduct regular cash transaction processing and proofings within specified timeframes, and appropriately record and check accuracy with cash withdrawn and deposited
  3. Count cash at close of business in accordance with organisational policy and procedures, and investigate and correct discrepancies to balance float
  4. Maintain cash within set limits in compliance with organisational budget
Maintain cash in drawer in accordance with organisational policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct regular cash transaction processing and proofings within specified timeframes, and appropriately record and check accuracy with cash withdrawn and deposited

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Count cash at close of business in accordance with organisational policy and procedures, and investigate and correct discrepancies to balance float

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Maintain cash within set limits in compliance with organisational budget

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Remove receipts from terminal

  1. Follow organisational policy and procedures to perform terminal balances, ensuring float is separated from takings prior to balancing, and supply cash to terminal
  2. Record terminal information appropriately after accurate checking
  3. Follow security policy and procedures in removal and transportation of cash, cash float and non-cash documents
Follow organisational policy and procedures to perform terminal balances, ensuring float is separated from takings prior to balancing, and supply cash to terminal

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record terminal information appropriately after accurate checking

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Follow security policy and procedures in removal and transportation of cash, cash float and non-cash documents

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Reconcile takings

  1. Correctly count and calculate cash and non-cash documents with terminal reading, and compare sum of cash and non-cash transactions appropriately to achieve balance
  2. Accurately document records of individual takings in accordance with organisational policy and procedures
Correctly count and calculate cash and non-cash documents with terminal reading, and compare sum of cash and non-cash transactions appropriately to achieve balance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Accurately document records of individual takings in accordance with organisational policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Maintain accurate cash floats

1.1 Maintain cash in drawer in accordance with organisational policy and procedures

1.2 Conduct regular cash transaction processing and proofings within specified timeframes, and appropriately record and check accuracy with cash withdrawn and deposited

1.3 Count cash at close of business in accordance with organisational policy and procedures, and investigate and correct discrepancies to balance float

1.4 Maintain cash within set limits in compliance with organisational budget

2. Remove receipts from terminal

2.1 Follow organisational policy and procedures to perform terminal balances, ensuring float is separated from takings prior to balancing, and supply cash to terminal

2.2 Record terminal information appropriately after accurate checking

2.3 Follow security policy and procedures in removal and transportation of cash, cash float and non-cash documents

3. Reconcile takings

3.1 Correctly count and calculate cash and non-cash documents with terminal reading, and compare sum of cash and non-cash transactions appropriately to achieve balance

3.2 Accurately document records of individual takings in accordance with organisational policy and procedures

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Maintain accurate cash floats

1.1 Maintain cash in drawer in accordance with organisational policy and procedures

1.2 Conduct regular cash transaction processing and proofings within specified timeframes, and appropriately record and check accuracy with cash withdrawn and deposited

1.3 Count cash at close of business in accordance with organisational policy and procedures, and investigate and correct discrepancies to balance float

1.4 Maintain cash within set limits in compliance with organisational budget

2. Remove receipts from terminal

2.1 Follow organisational policy and procedures to perform terminal balances, ensuring float is separated from takings prior to balancing, and supply cash to terminal

2.2 Record terminal information appropriately after accurate checking

2.3 Follow security policy and procedures in removal and transportation of cash, cash float and non-cash documents

3. Reconcile takings

3.1 Correctly count and calculate cash and non-cash documents with terminal reading, and compare sum of cash and non-cash transactions appropriately to achieve balance

3.2 Accurately document records of individual takings in accordance with organisational policy and procedures

Evidence of the ability to:

maintain cash float limit in accordance with cash requirements

conduct regular checks of cash transaction processing in a timely and efficient manner

check the system for discrepancies and perform cashier daily balance processes

accurately count and reconcile cash holdings in accordance with organisational requirements and procedures

accurately check cash and non-cash transactions, and complete required documentation.

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:

outline the key steps and reasons for maintaining cash float and reconciliation of cash holdings

describe the key features of organisational policy and procedures relating to:

terminal balancing

cash and non-cash transaction security

cash float handling

processing timeframes.