Modification History
Not applicable.
Unit Descriptor
Unit descriptor |
This unit describes the performance outcomes, skills and knowledge required to balance cash holdings including clearing registers, counting money, calculating non-cash transactions and reconciling takings. No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement. |
Application of the Unit
Application of the unit |
This unit may apply to job roles in banks and credit unions with particular relevance to those institutions where teller cash dispensers automate a significant proportion of the cash balancing function. |
Licensing/Regulatory Information
Not applicable.
Pre-Requisites
Prerequisite units |
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Employability Skills Information
Employability skills |
This unit contains employability skills. |
Elements and Performance Criteria Pre-Content
Elements describe the essential outcomes of a unit of competency. |
Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide. |
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
1. Maintain terminal balances |
1.1. Cash drawers or teller cash dispensers are maintained in accordance with organisation's policies and procedures 1.2. Paid out cash is manually checked for accuracy and transactions at close of business are balanced in accordance with organisation policies and procedures with any discrepancies investigated and corrected in order to balance terminal |
2. Remove receipts from terminal |
2.1. Terminal balances are performed in line with organisation's policies and procedures 2.2. Cash is supplied to terminal or drawer according to organisation's policies and procedures and terminal information is recorded appropriately after accurate checking 2.3. Security policies and procedures are followed in the removal and transportation of cash and non-cash documents |
3. Reconcile receipts |
3.1. Cash and non -cash documents are correctly counted and calculated 3.2. Terminal reading and sum of cash and non-cash transactions are compared appropriately to achieve balance 3.3. Records of individual takings are recorded accurately and in accordance with organisation's policies and procedures |
Required Skills and Knowledge
REQUIRED SKILLS AND KNOWLEDGE |
This section describes the skills and knowledge required for this unit. |
Required skills |
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Required knowledge |
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Evidence Guide
EVIDENCE GUIDE |
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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. |
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Overview of assessment |
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Critical aspects for assessment and evidence required to demonstrate competency in this unit |
Evidence of the ability to:
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Context of and specific resources for assessment |
Assessment must ensure:
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Method of assessment |
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
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Guidance information for assessment |
Range Statement
RANGE STATEMENT |
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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 candidate, accessibility of the item, and local industry and regional contexts) may also be included. |
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Transactions include: |
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Organisation's policies and procedures relate to: |
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Appropriate recording of information may include recording on: |
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Security policies and procedures includes: |
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Non -cash documents or transactions may include: |
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Unit Sector(s)
Unit sector |
Financial retail services |
Competency field
Competency field |
Co-requisite units
Co-requisite units |
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