SITXFIN001 - Process financial transactions

Unit code: SITXFIN001 | Study level: TAFE
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Footscray Nicholson
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Overview
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Overview

This unit describes the performance outcomes, skills and knowledge required to accept and process cash and other payments for products and services, and reconcile takings at the end of the service period or day.  The unit applies to all tourism, travel, hospitality and event sectors.  This unit mainly applies to frontline sales and operations personnel who operate with some level of independence and under limited supervision. It does, however, describe a fundamental operational function and those people who work with very little independence under close supervision would also use this skill.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each unit’s learning outcomes and performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:

  • process at least six different financial transactions using at least three different types of financial transactions listed in the knowledge evidence to address different types of customer payments
  • process each of the above financial transactions:
  • in line with security and other relevant procedures;
  • in a logical sequence;
  • within customer time constraints so that all customers are served effectively, and;
  • complete reconciliations of three different work or service periods within designated timelines.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by the Polytechnic and/or via the Polytechnic e-learning system.

As part of a course

This unit is studied as part of the following course(s):

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