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 accurate cash floats

1.1 Maintain cash in drawer in accordance with organisational policy and procedures

1.2 Conduct regular cash transaction processing and proofings within specified timeframes, and appropriately record and check accuracy with cash withdrawn and deposited

1.3 Count cash at close of business in accordance with organisational policy and procedures, and investigate and correct discrepancies to balance float

1.4 Maintain cash within set limits in compliance with organisational budget

2. Remove receipts from terminal

2.1 Follow organisational policy and procedures to perform terminal balances, ensuring float is separated from takings prior to balancing, and supply cash to terminal

2.2 Record terminal information appropriately after accurate checking

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

3. Reconcile takings

3.1 Correctly count and calculate cash and non-cash documents with terminal reading, and compare sum of cash and non-cash transactions appropriately to achieve balance

3.2 Accurately document records of individual takings in accordance with organisational policy and procedures

Skill 

Performance Criteria 

Description 

Reading

1.1-1.3, 2.2, 3.1

• Reads and interprets written information to determine requirements, check for discrepancies and complete necessary actions

Writing

1.2, 2.2, 3.2

• Completes forms and transaction records accurately

Numeracy

1.1-1.4, 2.1, 2.2, 3.1, 3.2

• Uses mathematical equations to make basic cash and non-cash balancing calculations

Navigate the world of work

1.1, 1.3, 1.4, 2.1, 2.3, 3.2

• Follows explicit organisational policy and procedures to complete tasks securely and accurately

Get the work done

1.1, 1.2, 1.3, 2.1, 2.3, 3.1

• Takes responsibility for sequencing and prioritising tasks within own workload for efficiency and effective outcomes
• Responds to familiar problems by implementing standard or logical solutions
• Uses the main features and functions of digital tools and systems to complete work tasks

Code and title 

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNSRTS308 Balance cash holdings

FNSRTS308A Balance cash holdings

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.