Assessment Requirements for FNSRTS308 Balance cash holdings

Release: 1

Assessment Requirements for FNSRTS308 Balance cash holdings

Modification History

Release	Comments
Release 1	This version first released with FNS Financial Services Training Package Version 1.0.

Performance Evidence

Evidence of the ability to:

maintain cash float limit in accordance with cash requirements

conduct regular checks of cash transaction processing in a timely and efficient manner

check the system for discrepancies and perform cashier daily balance processes

accurately count and reconcile cash holdings in accordance with organisational requirements and procedures

accurately check cash and non-cash transactions, and complete required documentation.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

outline the key steps and reasons for maintaining cash float and reconciliation of cash holdings

describe the key features of organisational policy and procedures relating to:

terminal balancing

cash and non-cash transaction security

cash float handling

processing timeframes.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial retail services field of work and include access to:

common office equipment, technology, software and consumables

equipment relevant to balancing cash holdings

financial cash and non-cash transaction system and consumables.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe