Elements and Performance Criteria

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.
Organisation may include:
small businesses or semi-autonomous cost centres in the transport, warehousing, transport and/or storage industries
Customers may be:
internal or external
Requirements for work may include:
relevant financial and taxation regulations
communications and computing equipment
hours of operation
basic accounting software and documentation
Financial records may include:
invoices
computer spreadsheets
ledgers
wage sheets
tax information
Financial operations may include:
compilation and use of cash receipts and cash payments journals
basic preparation, interpretation and analysis of financial reports
recording and balancing of petty cash transactions for financial records
completion of tax reconciliations and documentation
development and use of debtors and creditors records systems
completion of tax documentation and requirements
reconciliation of bank statements with cash records
Consultative processes may involve:
other employees and supervisors
banking institutions
Australian Taxation Office representatives
suppliers and clients
relevant authorities
other agencies
management
other office or technical staff
Communications systems may involve:
telephone
fax
email
mail
Depending on the type of organisation concerned and the local terminology used, workplace procedures may include:
company procedures
workplace procedures
organisational procedures
established procedures
Documentation/records may include:
workplace financial operating procedures and policies
financial and taxation regulations and requirements
invoices, receipts and other financial documentation
journals and ledgers
operations manuals, job specifications and procedures and induction documentation
manufacturers instructions for the use of calculators, computers and other equipment used in financial operations
relevant Australian and international standards, criteria and certification requirements
competency standards and training materials
supplier and/or client instructions
relevant OH&S procedures
quality assurance procedures
emergency procedures
Applicable regulations and legislation may include:
Australian and state/territory financial regulations, codes and procedures
Australian and international standards and certification requirements
relevant state/territory OH&S legislation
Australian taxation regulations and requirements relevant to small businesses

EVIDENCE GUIDE
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required knowledge and skills, the range statement and the assessment guidelines for this Training Package.
Critical aspects for assessment and evidence required to demonstrate competency in this unit
The evidence required to demonstrate competency in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria of this unit and include demonstration of applying:
the underpinning knowledge and skills
relevant legislation and workplace procedures
other relevant aspects of the range statement
Context of and specific resources for assessment
Performance is demonstrated consistently over a period of time and in a suitable range of contexts
Resources for assessment include:
a range of relevant exercises, case studies and/or other simulated practical and knowledge assessment, and/or
access to an appropriate range of relevant operational situations in the workplace
In both real and simulated environments, access is required to:
relevant and appropriate materials and equipment, and
applicable documentation including workplace procedures, regulations, codes of practice and operation manuals
Method of assessment
Assessment of this unit must be undertaken by a registered training organisation
As a minimum, assessment of knowledge must be conducted through appropriate written/oral tests
Practical assessment must occur:
through activities in an appropriately simulated environment at the registered training organisation, and/or
in an appropriate range of situations in the workplace