Conduct financial transactions

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver SIBXCCS201A, 'Conduct financial transactions'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Conduct financial transactions' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria




Operate point-of-sale equipment.


Operate point-of-sale equipment according to design specifications.


Open and close point-of-sale terminal according to workplace policies and procedures.


Clear point-of-sale terminal and transfer tender according to workplace policies and procedures.


Conduct cash handling according to workplace security procedures.


Maintain supplies of change and cash float in point-of-sale terminal according to workplace policies and procedures.


Attend to active point-of-sale terminals according to workplace policies and procedures.


Complete records of transaction errors according to workplace policies and procedures.


Maintain adequate supplies of dockets, vouchers and point-of-sale documents.


Perform point-of-sale transactions.


Complete point-of-sale transactions according to workplace policies and procedures and relevant legislation.


Identify and apply workplace procedures in respect to cash and non-cash transactions.


Identify and apply workplace policies and procedures in regard to exchanges and returns.


Enter information into point-of-sale equipment.


Verbally state total price and amount of cash received to client, and tender correct change.


Complete sales.


Complete relevant client documentation.


Process sales transactions in a timely manner or direct clients to point-of-sale terminals according to workplace policies and procedures.


Remove takings from register or terminal.


Balance register or terminal at designated times according to workplace policies and procedures.


Separate cash float from takings prior to balancing, and secure according to workplace policies and procedures.


Supply change to register or terminal according to workplace policy.


Determine register or terminal reading or print out.


Remove and transport cash and non-cash documents according to workplace security policies and procedures.


Reconcile takings.


Count cash and calculate non-cash documents.


Determine balance between register or terminal reading and sum of cash and non-cash transactions, and record takings.

Qualifications and Skillsets

SIBXCCS201A appears in the following qualifications:

  • SIB50110 - Diploma of Beauty Therapy
  • SIB30110 - Certificate III in Beauty Services
  • SIB20210 - Certificate II in Nail Technology
  • SIB20110 - Certificate II in Retail Make-Up and Skin Care
  • SIB40110 - Certificate IV in Beauty Therapy