UNIT TITLE: PROCESS A FINANCIAL SALE TRANSACTION NOMINAL HOURS: UNIT NUMBER: D1.HFO.CL2.05 UNIT DESCRIPTOR: This unit deals with skills and knowledge required to process financial transactions made by cash or other means, and to reconcile those transactions. ELEMENTS AND PERFORMANCE CRITERIA UNIT VARIABLE AND ASSESSMENT GUIDE Element 1: Prepare point of sale area for Unit Variables operation The Unit Variables provide advice to interpret the scope and context of this unit of competence, Prepare point of sale register/terminal for allowing for differences between enterprises and workplaces. It relates to the unit as a whole and operation facilitates holistic assessment. Open point of sale register/terminal This unit applies to processing and reconciling financial transactions made by cash or other means within the labor divisions of the hotel and travel industries and may include: Obtain cash float 1. Front Office Ensure supplies of change 2. Housekeeping Obtain supplies of point of sale documentation 3. Food and Beverage Service Clean and tidy the point of sale area and 4. Food Production equipment 5. Travel Agencies Element 2: Process payments and receipts 6. Tour Operation during Prepare point of sale register/terminal may be related to: Calculate or verify from amount due turning equipment on customer/guest altering date Accept cash payments and issue receipts updating price/product look up (PLUs) to reflect specials and deals Accept non-cash payments and receipts checking operation of register/terminal Process advanced deposits and payments verifying audit roll and/or replacing as required Process refunds cleaning register/terminal. Give change as required
UNIT TITLE: PROCESS A FINANCIAL SALE TRANSACTION NOMINAL HOURS: UNIT NUMBER: D1.HFO.CL2.05 UNIT DESCRIPTOR: This unit deals with skills and knowledge required to process financial transactions made by cash or other means, and to reconcile those transactions. ELEMENTS AND PERFORMANCE CRITERIA UNIT VARIABLE AND ASSESSMENT GUIDE Element 1: Prepare point of sale area for operation Prepare point of sale register/terminal for operation Open point of sale register/terminal Obtain cash float Ensure supplies of change Obtain supplies of point of sale documentation Clean and tidy the point of sale area and equipment Element 2: Process payments and receipts during Calculate or verify amount due from customer/guest Accept cash payments and issue receipts Accept non-cash payments and receipts Process advanced deposits and payments Process refunds Give change as required Unit Variables The Unit Variables provide advice to interpret the scope and context of this unit of competence, allowing for differences between enterprises and workplaces. It relates to the unit as a whole and facilitates holistic assessment. This unit applies to processing and reconciling financial transactions made by cash or other means within the labor divisions of the hotel and travel industries and may include: 1. Front Office 2. Housekeeping 3. Food and Beverage Service 4. Food Production 5. Travel Agencies 6. Tour Operation Prepare point of sale register/terminal may be related to: turning equipment on altering date updating price/product look up (PLUs) to reflect specials and deals checking operation of register/terminal verifying audit roll and/or replacing as required cleaning register/terminal.
CS_Process_%20a_%20financial_%20sale%20_transaction%20031011.docx