Unit of competency details

Elements and Performance Criteria 

Element 

Performance Criteria 

1

Batch monetary items

1.1

Items are batched completely and accurately

1.2

Batch  items are matched to initial receipt records precisely

2

Prepare deposit facility

2.1

Deposit facility  selected is appropriate to the banking method  used

2.2

Batch is balanced with deposit facility without error

3

Lodge flows

3.1

Security  and safety precautions are taken appropriate to the method of banking in accordance with company policy and industry and legislative requirements 

3.2

Proof of lodgement  is obtained and filed in accordance with company procedures 

REQUIRED KNOWLEDGE &SKILLS 

Knowledge requirements include :

company policy and procedures

knowledge or awareness of relevant acts and regulations

legal systems and procedures

industry codes of practice

computer systems

procedure writing

Skills requirements include :

computerised spreadsheet and database

data analysis and interpretation

evaluative and general analytical skills

negotiation and interpersonal skills

EVIDENCE GUIDE 

Assessment of performance requirements in the unit should be undertaken in an industry context. The Evidence Guide identifies the critical aspects, knowledge and skills to be demonstrated to confirm competency for the unit. Competency is demonstrated by performance of all stated criteria including the Range Statement applicable to the workplace.

Overview of assessment requirements 

To achieve competency in this unit, a person must be able to demonstrate:

knowledge of relevant industry and legislative requirements

knowledge of relevant company policies and procedures

knowledge of relevant security measures for preparing and banking receipts

ability to batch monetary items

ability to prepare deposit facilities

ability to lodge flows

Critical aspects of evidence 

Evidence required for demonstration of consistent performance :

Competence in this unit must be assessed over a period of time in order to ensure consistency of performance over the Range Statement and contexts applicable to the work environment.

Delivery /relationship to other units :

This unit may be assessed on its own or it may be assessed with other units that cover related skills and knowledge.

Evidence is most relevant when provided through an integrated activity which combines the elements of competency for the unit, or a cluster of units of competency.

Assessment requirements 

Method of assessment :

For valid and reliable assessment of this unit, evidence must be gathered through a range of methods to indicate consistent performance.

Assessment of this unit of competence will usually include observation of processes and procedures, oral and/or written questioning on underpinning knowledge and skills and other methods as required.

Context of assessment :

Assessment of performance requirements in this unit should be undertaken within the financial services industry context and should cover aspects of personal/financial responsibility and accountability.

Aspects of competency, including the attainment of relevant knowledge and skills, may be assessed in a relevant workplace, a closely simulated work environment, or other appropriate means that clearly meet industry competency requirements.

Resources required for assessment :

Unless otherwise specified, there are no significant resource implications for assessment of this unit, apart from access to a relevant workplace or closely simulated office environment and the use of a range of office equipment, technology and consumables. These may include standard commercial computer hardware, software, telephones, facsimiles, and other relevant office equipment.

The Range Statement relates to the unit of competency as a whole. It allows for different work environments and situations that will affect performance.

The following variables may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts. If bold italicised  text is shown in Performance Criteria, details of the text are provided in the Range Statement.

Batches  are:

grouped receipts treated as a separate transaction entity

Deposits facilities  may include:

bank deposit slip

direct debit transaction report

Banking methods  may include:

personal

through third party security company

pick-up

Security measures  may include:

banking of all negotiable instruments on day received

all batches posted on day of receipt

cash management processes

Company policy and procedures  may include:

operations manual

internal control guidelines

computer system documentation

Industry and legislative requirements  may cover:

Australian Accounting Standards

relevant insurance act

Consumer Credit legislation

Privacy Act

Taxation Act

industry code of practice

Australian Securities and Investments Commission (ASIC) Code

Trade Practices Act

Stamp Duties Act

Proof of lodgement  may include:

bank stamped deposit facility

verified transaction listing