Modification History
The version details of this endorsed unit are in the table below. The latest information is at the top.
Release |
Comments |
First Release |
This is a revised unit, based on and equivalent to SIRXFIN001A Balance point-of-sale terminal. |
Unit Descriptor
This unit describes the performance outcomes, skills and knowledge required to balance and reconcile a register or terminal in a retail environment. It involves clearing the register, counting money, calculating non-cash transactions, and reconciling and recording takings.
The unit requires the application of store policy and procedures in undertaking those tasks.
Application of the Unit
This unit applies to frontline retail staff working under some supervision.
Licensing/Regulatory Information
No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Pre-Requisites
Nil
Employability Skills Information
This unit contains employability skills.
Elements and Performance Criteria Pre-Content
Elements and Performance Criteria
Element |
Performance Criteria |
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. |
1. Balance and secure takings from register or terminal. |
1.1.Perform register or terminal balance at designated times according to store policy and procedures . 1.2.Separate cash float from takings prior to balancing procedure and secure according to store policy. 1.3.Supply change to register or terminal according to store policy. 1.4.Obtain and interpret register or terminal reading or print-out. 1.5.Secure cash and non cash documents according to store security policy and 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.Report discrepancies between register or terminal reading and sum of cash and non cash transactions to relevant personnel according to store policy. 2.5.Record store and individual department takings and file records according to store policy. |
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
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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Critical aspects for assessment and evidence required to demonstrate competency in this unit |
Evidence of the following is essential:
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Context of and specific resources for assessment |
Assessment must ensure access to:
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Method of assessment |
A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:
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Guidance information for assessment |
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:
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Range Statement
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 individual, accessibility of the item, and local industry and regional contexts) may also be included. |
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Register or terminal may be: |
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Store policy and procedures in regard to: |
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Non-cash documents may relate to: |
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Relevant personnel may include: |
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Records may be: |
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Unit Sector(s)
Cross-Sector
Competency Field
Finance