Course Title: Report on financial activity

Part A: Course Overview

Program: C4394 Certificate IV in Strata Community Management

Course Title: Report on financial activity

Portfolio: SEH 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.

Flexible Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ACCT5409C

City Campus

TAFE

174T School of VE Engineering, Health & Science

Internet

VE 2017 (SCM1)

Course Contact: Mimma Luppino

Course Contact Phone: +61 3 9925 4979

Course Contact Email: mimma.luppino@rmit.edu.au



Course Description

This unit describes the skills and knowledge required to report financial activity for business both in response to client requests and to meet statutory requirements such as the completion of financial reports.

This unit applies to individuals with a broad knowledge of financial activities who contribute financial skills and knowledge to address reporting requirements of clients and legal authorities. They may have responsibility to provide guidance or to delegate aspects of these tasks to others.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

Pre-requisite Courses and Assumed Knowledge and Capabilities

NIL



National Competency Codes and Titles

National Element Code & Title:

BSBFIA402 Report on financial activity

Elements:

1. Compile financial information and data

2. Prepare statutory requirement reports

3. Provide financial business recommendations


Learning Outcomes

On completion of this, course you should be able to:
1. Compile financial information and data.
   1.1 Collect, evaluate and code current financial data to ensure consistency, quality and accuracy in accordance with organisational requirements
   1.2 Use conversion and consolidation procedures to compile analysis in accordance with organisational requirements
   1.3 Make, record and disclose asset and liability valuations in accordance with organisational requirements
   1.4 Ensure that discrepancies, unusual features or queries are identified, resolved or referred to the appropriate authority
2. Prepare statutory requirement reports
   2.1 Correctly record income and expenditure to ensure compliance with statutory requirements
   2.2 Calculate liabilities for tax in accordance with current legislation and revenue gathering practices
   2.3 Correctly identify relevant receipts, revenue documentation and payments
   2.4 Ensure that statements and claims take full advantage of available benefits and allowances in accordance with statutory requirements
   2.5 Submit statutory requirement reports to appropriate authorities within stated deadlines
3. Provide financial business recommendations.
   3.1 Ensure that recommendations are logically derived and supported by evidence in report
   3.2 Provide recommendations to propose constructive actions to enhance the effectiveness and efficacy of functions and services
   3.3 Ensure recommendations are concise and facilitate direction and control of organisation’s operations
   3.4 Identify and prioritise significant issues in statements including comparative financial performances for review and decision making
Ensure structure and format of reports are clear and conform to organisational and statutory requirements


Overview of Assessment

Assessment may include but not limited to a variety of methods including written short answers, assignments, online quizzes, interactive tasks and multiple choice questions. You will be asked to demonstrate to your teacher/assessor the skills gained during this course to the relevant industry standards. Assessment activities will occur throughout this course and feedback will be provided at regular intervals.