Unit of competency details
SIRRRTF001 - Balance and secure point-of-sale terminal (Release 1)
Summary
Usage recommendation:
Current
Releases:
| 1 1 (this release) |
31/Mar/2016 |
Companion volumes:
Unit of competency
Assessment requirements
Training packages that include this unit
Qualifications that include this unit
Accredited courses that have this unit in the completion mapping
Classifications
Classification history
| ASCED Module/Unit of Competency Field of Education Identifier | 080501 | Sales | 09/Aug/2016 | |
The content being displayed has been produced by a third party, while all attempts have been made to make this content as accessible as possible it cannot be guaranteed. If you are encountering issues following the content on this page please consider downloading the content in its original form
Unit of competency
Modification History
Not applicable.
Application
This unit describes the performance outcomes, skills and knowledge required to balance and reconcile a register or terminal in a retail environment, clear registers, count money, calculate non cash transactions, and reconcile and record takings.
It applies to individuals working in frontline operational roles in a diverse range retail industry sectors and business contexts. They operate with some independence under general supervision and guidance from others, and within established organisational policies and procedures.
No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.
Pre-requisite Unit
Nil
Competency Field
Retail Financials
Unit Sector
Retail
Elements and Performance Criteria
|
ELEMENTS
|
PERFORMANCE CRITERIA
|
|
Elements describe the essential outcomes.
|
Performance criteria describe the performance needed to demonstrate achievement of the element.
|
|
1. Balance and secure takings.
|
1.1.Perform register or terminal balance at designated times.
1.2.Separate cash float from takings prior to balancing and secure takings.
1.3.Supply change to register or terminal and accurately record.
1.4.Obtain and interpret register or terminal reading or print-out.
1.5.Secure cash and non cash documents according to organisational procedures.
|
|
2. Reconcile takings.
|
2.1.Count cash accurately.
2.2.Calculate non cash documents accurately.
2.3.Determine balance between register or terminal reading and sum of cash and non cash transactions.
2.4.Investigate or report discrepancies between register or terminal reading and sum of cash and non cash transactions to relevant personnel.
2.5.Record takings and file records according to organisational procedures.
|
Foundation Skills
Foundation skills essential to performance are explicit in the performance criteria of this unit of competency.
Unit Mapping Information
No equivalent unit.
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=ca051b1b-5101-4ec2-ac1c-49699303188d
Assessment requirements
Modification History
Not applicable.
Performance Evidence
Evidence of the ability to complete tasks outlined in elements and performance criteria of this unit in the context of the job role, and:
- consistently apply organisational policies and procedures to:
- balance a register or terminal on three occasions with complete accuracy
- reconcile three different sets of takings comprising both cash and non-cash with complete accuracy
- identify and resolve three different types of balancing discrepancies
- process three different types of takings according to organisational policies and procedures.
Knowledge Evidence
Demonstrated knowledge required to complete the tasks outlined in elements and performance criteria of this unit:
- role and importance of the balancing process
- techniques for identifying and resolving discrepancies
- functions and procedures for operating point-of-sale equipment:
- opening and closing
- balancing
- clearance of terminal and transference of tender
- recording takings
- consumables required by system
- security
- cash handling procedures:
- counting cash
- handling cash floats
- change required, denominations of change and tendering change
- security
- organisational policies and procedures for non-cash transactions:
- credit cards
- EFTPOS
- vouchers
- organisational policies and procedures for:
- exchanges
- refunds
- lay-by
- cash handling
- cash float
- operation of point-of-sale equipment
- register or terminal balance
- security of cash and non cash transactions.
Assessment Conditions
Skills must be demonstrated in a retail environment. This can be:
- an industry workplace
- a simulated industry environment.
Assessment must ensure access to:
- organisational policies and procedures related to point-of-sale
- point-of-sale equipment and consumables
- financial transaction documentation for non-cash sales
- cash
- assessment activities that allow the individual to work with commercial speed, timing and productivity.
Assessors must satisfy the Standards for Registered Training Organisations’ requirements for assessors.
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=ca051b1b-5101-4ec2-ac1c-49699303188d
