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Evidence Guide: SITHACS007 - Conduct night audit

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

 

SITHACS007 - Conduct night audit

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

Review financial transactions.

  1. Check that transactions comply with organisational procedures.
  2. Check that balances prepared by others are accurate and comply with organisational procedures.
  3. Identify financial and system discrepancies and resolve according to level of responsibility.
  4. Implement financial systems and financial control systems according to organisational procedures.
  5. Monitor systems and provide feedback to appropriate management.
Check that transactions comply with organisational procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check that balances prepared by others are accurate and comply with organisational procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify financial and system discrepancies and resolve according to level of responsibility.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement financial systems and financial control systems according to organisational procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor systems and provide feedback to appropriate management.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete routine records and reports.

  1. Complete routine records and reports accurately within designated timelines.
  2. Process end or close of day trading and reports.
  3. Forward reports to appropriate colleagues or department.
  4. Reduce waste by minimising use of printed materials.
Complete routine records and reports accurately within designated timelines.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Process end or close of day trading and reports.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Forward reports to appropriate colleagues or department.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Reduce waste by minimising use of printed materials.

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. Review financial transactions.

1.1.Check that transactions comply with organisational procedures.

1.2.Check that balances prepared by others are accurate and comply with organisational procedures.

1.3.Identify financial and system discrepancies and resolve according to level of responsibility.

1.4.Implement financial systems and financial control systems according to organisational procedures.

1.5.Monitor systems and provide feedback to appropriate management.

2. Complete routine records and reports.

2.1.Complete routine records and reports accurately within designated timelines.

2.2.Process end or close of day trading and reports.

2.3.Forward reports to appropriate colleagues or department.

2.4.Reduce waste by minimising use of printed materials.

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. Review financial transactions.

1.1.Check that transactions comply with organisational procedures.

1.2.Check that balances prepared by others are accurate and comply with organisational procedures.

1.3.Identify financial and system discrepancies and resolve according to level of responsibility.

1.4.Implement financial systems and financial control systems according to organisational procedures.

1.5.Monitor systems and provide feedback to appropriate management.

2. Complete routine records and reports.

2.1.Complete routine records and reports accurately within designated timelines.

2.2.Process end or close of day trading and reports.

2.3.Forward reports to appropriate colleagues or department.

2.4.Reduce waste by minimising use of printed materials.

Evidence of the ability to complete tasks outlined in elements and performance criteria of this unit in the context of the job role, and:

use standard accounting procedures to complete an audit of the following activities from at least six different operating periods:

commercial account activity

commission earnings

department break-ups

foreign currency activities

occupancy

sales performance

sales returns

supplier activity

check and balance transactions relating to the above activities, including identifying and rectifying discrepancies.

Demonstrated knowledge required to complete the tasks outlined in elements and performance criteria of this unit:

role of night audit in overall financial management systems

standard accounting procedures and financial control processes and procedures that apply to front office operations:

reporting protocols

reporting cycles

features of common cashiering facilities and financial software used in commercial accommodation establishments

features of common property management software used in commercial accommodation establishments

main types of financial transactions that occur in a commercial accommodation establishment:

arrivals and departures

food and beverage

foreign currency activities

interdepartmental vouchers

internal and external change backs

laundry and other services

mini-bar

main types of financial systems that occur in a commercial accommodation establishment:

banking procedures

debtor control

floats

petty cash

common types of financial discrepancies that occur in a commercial accommodation establishment:

computer errors

errors in guest folios

errors in source documentation.