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Evidence Guide: SIRXFIN201 - Balance and secure point-of-sale terminal

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

 

SIRXFIN201 - Balance and secure point-of-sale terminal

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

Balance and secure takings from register or terminal.

  1. Perform register or terminal balance at designated times according to store policy and procedures.
  2. Separate cash float from takings prior to balancing procedure and secure according to store policy.
  3. Supply change to register or terminal according to store policy.
  4. Obtain and interpret register or terminal reading or print-out.
  5. Secure cash and non cash documents according to store security policy and procedures.
Perform register or terminal balance at designated times according to store policy and procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Separate cash float from takings prior to balancing procedure and secure according to store policy.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Supply change to register or terminal according to store policy.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Secure cash and non cash documents according to store security policy and procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Reconcile takings.

  1. Count cash accurately.
  2. Calculate non cash documents accurately.
  3. Determine balance between register or terminal reading and sum of cash and non cash transactions.
  4. Report discrepancies between register or terminal reading and sum of cash and non cash transactions to relevant personnel according to store policy.
  5. Record store and individual department takings and file records according to store policy.
Count cash accurately.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Calculate non cash documents accurately.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Report discrepancies between register or terminal reading and sum of cash and non cash transactions to relevant personnel according to store policy.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record store and individual department takings and file records according to store policy.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the following is essential:

operates register or terminal equipment according to manufacturer instructions and store policy

applies store policy and procedures in regard to handling cash and removing takings from register or terminal

applies store policy and procedures in regard to cash float

applies store policy and procedures in regard to reading registers and recording information

processes documentation and records responsibly and according to store policy and procedures

reconciles takings according to store policy and procedures.

Context of and specific resources for assessment

Assessment must ensure access to:

a real or simulated retail work environment

relevant documentation, such as:

financial transaction dockets, slips and invoices

sample debit card and credit card vouchers

recording and tally sheets

store policy and procedure manuals in regard to register or terminal balance

register or terminal and related equipment.

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:

observation of performance in the workplace

role play

written or verbal questioning to assess knowledge and understanding

review of portfolios of evidence and third-party workplace reports of on-the-job performance.

Guidance information for assessment

Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:

SIRXCCS201 Apply point-of-sale handling procedures

SIRXRSK201 Minimise loss.

Required Skills and Knowledge

Required skills

literacy and numeracy skills to:

balance the register or terminal

count cash

calculate noncash transactions

calculate discrepancies between reported and actual takings

complete documentation

interpret documentation

report on takings

planning and organising skills to complete tasks in a set timeframe

technology skills to operate register or terminal

Required knowledge

cash and noncash handling procedures, including:

balancing point-of-sale terminal

calculating noncash documents

change required and denominations of change

clearance of terminal and transference of tender

counting cash

credit and returns

credit cards

EFTPOS

gift vouchers

lay-by

maintenance of cash float

opening and closing point-of-sale terminal

recording takings

security of cash and noncash transactions

store policy and procedures in regard to:

cash float

operation of equipment used at register or terminal

register or terminal balance

security of cash and noncash transactions

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. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the individual, accessibility of the item, and local industry and regional contexts) may also be included.

Register or terminal may be:

cleared at intervals during or at close of trading

cleared by operator or specialist staff

electronic

manual.

Store policy and procedures in regard to:

cash handling

register or terminal balance

security.

Noncash documents may relate to:

cash on delivery (COD)

cheques

credit cards

customer credit ratings

customer refunds

gift vouchers

hire-purchase

lay-by.

Relevant personnel may include:

manager

supervisor

team leader.

Records may be:

electronic

manual.