SISXFIN002 Process Financial Transactions Training and Assessment Resources

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SISXFIN002 Process Financial Transactions

Assessment Resource

Master Assessment Tool: Technical Specifications

SISFFIT001 The SISXFIN002 Master Assessment Tool consists of two (2) Assessment Tasks that are mapped to the unit of competence.

The Assessment Tasks are:

  1. Assessment Task 1: Written Assessment
  2. Assessment Task 2: Practical Assessment

 

All our Master Assessment Tool contain the following features:

Assessment title page Assessment summary page
Unit summary information General assessor instructions* (NOTE 1)
Assessment result cover sheet – Individual unit result sheet General student assessment information** (NOTE 2)
Detailed student instructions for each assessment task Detailed assessor instructions for each assessment task
Available in MS Word format for unlimited printing Purchaser licensed to re-brand materials
Free updates available for the life of this unit. See our terms and conditions Audit mapping document

*NOTE 1: These instructions provide your assessor with an overview of the assessment and with information on what to do before the assessment, rules for conducting the assessment, rules for making the assessment decision, and what to do after the assessment. This section also provides your assessor with familiarity on the assessment tool by providing them with information on how and why our documents are color coded, and electronic file naming rules for creating student and assessor versions of this assessment. This section also provides your assessor with a support contact from your RTO.

**NOTE 2: This information provides the student with the overview of the assessment, conditions of the assessment, reasons why an assessor would stop an assessment, referencing rules for the student to follow, information on the reasonable adjustment that can be made by the assessor, and information on late submissions.

Scroll down and click on the assessment task links below to view the technical specifications of each assessment task

ASSESSMENT TASK 1: TECHNICAL SPECIFICATIONS

Assessment Task One: Technical Summary

For this assessment task, your students will be assessed on their knowledge of the following:

  1. Organisational procedures for processing and recording financial transactions
  2. Relevant government legislation and regulations
  3. Financial records and record keeping

Assessment TASK 1 contains:

Information
Student instructions available YES
Assessor instructions available YES

Assessment method and environment:

This assessment task has been designed for:

In-class Written Assessment OR;

Written Project completed in the student's personal study time.

Anticipated assessment duration 1 hour
Number of questions 29
Types of questions Short Answer
Types of project(s) N/A
Observation checklist available N/A
Third party supervisor instructions available N/A
iPad application available N/A
Moodle quiz available YES, Contact Us
Moodle hosting available YES, Contact Us
Assessment TASK student result's record sheet YES
Learner and assessor declarations YES

 

ASSESSMENT TASK 2: TECHNICAL SPECIFICATIONS

Assessment Task 2: Technical Specifications

For this assessment task, your students will be required to process a customer payment and reconcile the day's takings. This assessment task has been developed in two parts.

PART A)

For this part, your student's will be required to process six financial transactions using a combination of three (3) different processing methods.

PART B)

For this part, your student's will be required to reconcile accounts for three (3) different work periods.  Student's will also be required to manual count the contents of one (1) till.

Assessment TASK 2 contains:

Information
Student instructions available YES
Assessor instructions available YES

Assessment method and environment:

This assessment task has been designed for:

Personal Study Time

Anticipated assessment duration 45 minutes
Number of questions N/A
Types of questions N/A
Types of project(s) N/A
Observation checklist available YES
Third party supervisor instructions available N/A
iPad application available NO, available in 2017
Moodle quiz available N/A
Moodle hosting available YES, Contact Us
Assessment TASK student result's record sheet YES
Learner and assessor declarations YES

 

 

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