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. Maintain terminal balances

1.1 Maintain cash drawers or teller cash dispensers in accordance with organisational policy and procedures

1.2 Manually check paid out cash for accuracy and balance transactions at close of business in accordance with organisational policy and procedures, with any discrepancies investigated and corrected to balance terminal

2. Remove receipts from terminal

2.1 Perform terminal balances in line with organisational policy and procedures

2.2 Supply cash to terminal or drawer according to organisational policy and procedures and record information appropriately after accurate checking

2.3 Follow security policy and procedures in removal and transportation of cash and non-cash documents

3. Reconcile receipts

3.1 Correctly count and calculate cash and non-cash documents

3.2 Compare terminal reading and sum of cash and non-cash transactions appropriately to achieve balance

3.3 Accurately record, in accordance with organisational policy and procedures, records of individual takings

Skill 

Performance Criteria 

Description 

Reading

2.1-2.3, 3.1, 3.2

• Accesses information from a range of sources and interprets financial documents to confirm and determine requirements

Writing

2.2, 3.3

• Correctly records information and completes transaction records, checking for accuracy of information and data

Numeracy

1.1, 1.2, 2.1, 3.1, 3.2

• Uses mathematical equations and organisational tools to calculate and balance cash and financial transactions

Navigate the world of work

1.1, 1.2, 2.1, 2.3, 3.3

• Takes responsibility for transaction balances, cash and non-cash handling and documentation requirements that comply with organisational policy and procedures

Get the work done

1.2, 2.2, 2.3,

3.2, 3.3

• Takes responsibility for the sequence and priority of tasks within own workload to achieve required outcomes efficiently and accurately
• Responds to predictable routine problems and implements standard or logical solutions
• Uses familiar digital tools and systems to complete job tasks

Code and title 

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNSRTS303 Balance retail transactions

FNSRTS303A Balance retail transactions

Updated to meet Standards for Training Packages

Equivalent unit

Release 

Comments 

Release 1

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