Course Title: Perform financial calculations

Part A: Course Overview

Program: C4366 Certificate IV in Accounting

Course Title: Perform financial calculations

Portfolio: BUS Portfolio Office

Nominal Hours: 30

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Course Code




Learning Mode

Teaching Period(s)


City Campus


650T Vocational Business Education

Face-to-Face or Internet

Term1 2016,
Term2 2016

Course Contact: Ben Sethia

Course Contact Phone: +61 3 9925 5982

Course Contact Email:

Course Description

This unit describes the skills and knowledge required to use a range of common calculation methods and techniques for conducting routine financial calculations and transactions.

It applies to individuals who use literacy and numeracy skills to perform common computational tasks as part of an operational job role.

Pre-requisite Courses and Assumed Knowledge and Capabilities


National Competency Codes and Titles

National Element Code & Title:

FNSACC303 Perform financial calculations


1. Obtain data and resources for financial calculations

2. Select appropriate methods and carry out financial calculations

3. Check calculations and record outcomes

Learning Outcomes

Overview of Assessment

In order to achieve competency in this unit, you must provide:

Performance Evidence

 Evidence of the ability to:

  • apply mathematical techniques and methods of calculation
  • effectively use office equipment and software to enter data and complete calculations
  • check for accuracy of computational results
  • record calculation worksheets used for future reference and use

Knowledge Evidence

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

  • describe how to complete the following calculations:
    • goods and services tax (GST)
    • simple interest
    • compound interest
    • basic loan calculations
    • straight line depreciation
  • describe typical computational errors and ways to check for errors
  • outline tools and sources of information to assist with financial calculations
  • describe the key organisational policy and procedures relating to record keeping and filing

 Assessment Conditions

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

  • common office equipment, technology, software and consumables
  • hand held calculators
  • financial services industry documentation and specialist software
  • information technology systems and databases

You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.


Feedback will be provided throughout the semester in class and/or online discussions.  You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.

You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course.