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Evidence Guide: FNSRTS309 - Maintain main bank account

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

 

FNSRTS309 - Maintain main bank account

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

Perform analysis of transactions

  1. Reconcile teller bankings to daily amounts recorded in statements, in accordance with organisational policy and procedures, and relevant legislative and compliance requirements
  2. Identify and action presented cheques, other credit and other debits according to organisational policy and procedures, and charge general ledger entries appropriately
  3. Rectify errors and discrepancies in timely manner, and action and follow up as appropriate all entries on daily bank statements
Reconcile teller bankings to daily amounts recorded in statements, in accordance with organisational policy and procedures, and relevant legislative and compliance requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse corporate cheques outstanding

  1. Generate exceptions reports, and identify, investigate and action exceptions in timely manner
  2. Identify and action stale cheques according to organisational policy and procedures
Generate exceptions reports, and identify, investigate and action exceptions in timely manner

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and action stale cheques according to organisational policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete reconciliations

  1. Complete reconciliation in accurate and timely manner, with any imbalances identified and rectified
  2. Undertake appropriate liaison with customers and bank personnel as necessary
Complete reconciliation in accurate and timely manner, with any imbalances identified and rectified

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake appropriate liaison with customers and bank personnel as necessary

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. 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

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. 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’.