Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 1.0.

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Receive, identify and record receipts

1.1 Check receipts against remittance documentation in accordance with established procedures

1.2 Record and allocate receipts accurately in accordance with organisational policy and procedures

1.3 Complete batching in accordance with organisational systems and operating procedures, and advise relevant departments of total daily receipts

2. Match receipts to documentation

2.1 Check and match receipts to documentation accurately and promptly, and maintain documentation securely to protect interests of all parties to transaction

2.2 Note unmatched receipts for follow up or referral in accordance with organisational, industry and legislative requirements

3. Enter data to systems

3.1 Record and allocate receipts to appropriate chart of accounts in timely and accurate manner in accordance with organisational policy and procedures

3.2 Match receipts accurately to system debit, and promptly identify data and allocation discrepancies for follow up

3.3 Seek advice on source of and solution to discrepancies, where necessary, to solve outstanding problems

3.4 Update related systems, complete reconciliations and resolve discrepancies between general ledger and sub-systems

4. File documentation

4.1 File documentation promptly in accordance with organisational policy and procedures

4.2 File documentation in location that is accessible and easily traceable

Skill 

Performance Criteria 

Description 

Reading

1.1, 1.2, 2.1, 2.2, 3.1, 3.2, 3.4

• Interprets and analyses information to confirm accuracy and determine required actions

Writing

1.2, 2.2, 3.1, 3.2, 3.3

• Records information accurately in accordance with requirements

Oral Communication

1.3, 2.2, 3.3

• Uses clear, specific and culturally sensitive language to convey information
• Uses listening and questioning techniques to confirm understanding of requirements

Numeracy

1.1, 2.1, 3.1, 3.2, 3.4

• Performs mathematical calculations to check accuracy and completeness, and reconcile numerical and financial data
• Makes estimates relating to timeframes
• Uses numerically based coding system

Navigate the world of work

1.1-1.3, 2.1, 2.2, 3.1, 4.1

• Recognises and follows organisational protocols, policy and procedures relevant to own role

Interact with others

3.3

• Follows accepted organisational practices and protocols for communicating information or seeking advice

Get the work done

1.1-1.3, 2.1, 2.2, 3.1-3.4, 4.1, 4.2

• Plans, organises and implements tasks according to organisational requirements
• Follows structured processes to make routine decisions relevant to own role
• Uses the main features and functions of digital tools to complete work tasks

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNSACM302 Prepare, match and process receipts

FNSACM302A Prepare, match and process receipts

Updated to meet Standards for Training Packages

Minor edits to clarify intent of performance criteria

Equivalent unit

Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 1.0.