Course Title: Report on financial activity

Part B: Course Detail

Teaching Period: VE 2017

Class Number: 2447

Class Section: SCM1

Course Code: ACCT5409C

Course Title: Report on financial activity

School: 174T School of VE Engineering, Health & Science

Campus: City Campus

Program: C4394 - Certificate IV in Strata Community Management

Course Contact: Mimma Luppino

Course Contact Phone: +61 3 9925 4979

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


Name and Contact Details of All Other Relevant Staff

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.

Pre-requisites and Co-requisites

NIL

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.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBFIA402 Report on financial activity

Element:

1. Compile financial information and data

Performance Criteria:

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

Element:

2. Prepare statutory requirement reports

Performance Criteria:

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

Element:

3. Provide financial business recommendations

Performance Criteria:

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

3.5 Ensure structure and format of reports are clear and conform to organisational and statutory requirements


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


Details of Learning Activities

Students will be accessing online materials and resources.

The program area is designed with interactivity utilizing drop down information through online presentations. This information is packaged within videos and text. 

The learning material is accessed via Blackboard (RMIT Learning Management System or LMS).

Interaction with other students is encouraged through Google Communities to engage with other students and facilitate their learning.

Online support and feedback is provided by educators via both Blackboard and Google


Teaching Schedule

Students are expected to engage in online learning at their own pace within the 12 month delivery period of the program.

The program area is structured to provide sequential learning. Please see the assessment.


Learning Resources

Prescribed Texts

Selected Articles (to be announced)

Acemoglu, Laibson, and List (2016), Microeconomics, 1st Ed, Pearson. (referred to as ALL)

Selected Articles (to be announced)

Acemoglu, Laibson, and List (2016), Microeconomics, 1st Ed, Pearson. (referred to as ALL)

Acemoglu, Laibson, and List (2016), Microeconomics, 1st Ed, Pearson. (referred to as ALL)

Financial Management. Principles and Applications. 5th Edition Revised. Pearson Clive Wilson, Bruce Keers, Andrew Medlen, Brian Walters

Acemoglu, Laibson, and List (2016), Microeconomics, 1st Ed, Pearson. (referred to as ALL)

Financial Management. Principles and Applications. 5th Edition Revised. Pearson Clive Wilson, Bruce Keers, Andrew Medlen, Brian Walters

Financial Management. Principles and Applications. 5th Edition Revised. Pearson Clive Wilson, Bruce Keers, Andrew Medlen, Brian Walters

Moosa, I. A. (2010), International Finance: An Analytical Approach. (3rd ed) Sydney: McGraw-Hill. The publishers of this textbook, McGraw-Hill, offer some online services such as revision questions, articles, and so on. To gain access to the McGraw-Hill Web resources simply follow the steps on the card found inside the front cover of the textbook.

Financial Management. Principles and Applications. 5th Edition Revised. Pearson Clive Wilson, Bruce Keers, Andrew Medlen, Brian Walters

Verganti, R., 2009, Design-Driven Innovation: Changing the Rules of Competition by Radically Innovating what Things Mean, Harvard Business Press

Verganti, R., 2009, Design-Driven Innovation: Changing the Rules of Competition by Radically Innovating what Things Mean, Harvard Business Press

Cengel, Y. A., Cimbala, J.M. And Turner, R. H., "Fundamentals of Thermo-Fluid Sciences”, Fourth Edition, McGraw-Hill (SI Unit)
 

9780071325110

Cengel, Y. A., Cimbala, J.M. And Turner, R. H., "Fundamentals of Thermo-Fluid Sciences”, Fourth Edition, McGraw-Hill (SI Unit)
 

9780071325110

Cengel, Y. A., Cimbala, J.M. And Turner, R. H., "Fundamentals of Thermo-Fluid Sciences”, Fourth Edition, McGraw-Hill (SI Unit)
 

9780071325110

Cengel, Y. A., Cimbala, J.M. And Turner, R. H., "Fundamentals of Thermo-Fluid Sciences”, Fourth Edition, McGraw-Hill (SI Unit)
 

9780071325110

Glyn James, Modern Engineering Mathematics, fourth edition, Pearson Education Australia

1447915925

Dumovic Marko “ Electrical Installations”, RMIT

Dumovic Marko “ Electrical Installations”, RMIT

Cengel, Y. A., Cimbala, J.M. And Turner, R. H., "Fundamentals of Thermo-Fluid Sciences”, Fourth Edition, McGraw-Hill (SI Unit)
 

9780071325110

Cengel, Y. A., Cimbala, J.M. And Turner, R. H., "Fundamentals of Thermo-Fluid Sciences”, Fourth Edition, McGraw-Hill (SI Unit)
 

9780071325110

Glyn James, Modern Engineering Mathematics, fourth edition, Pearson Education Australia

1447915925

Cengel, Y. A., Cimbala, J.M. And Turner, R. H., "Fundamentals of Thermo-Fluid Sciences”, Fourth Edition, McGraw-Hill (SI Unit)
 

9780071325110

Cengel, Y. A., Cimbala, J.M. And Turner, R. H., "Fundamentals of Thermo-Fluid Sciences”, Fourth Edition, McGraw-Hill (SI Unit)
 

9780071325110

Cengel, Y. A., Cimbala, J.M. And Turner, R. H., "Fundamentals of Thermo-Fluid Sciences”, Fourth Edition, McGraw-Hill (SI Unit)
 

9780071325110

Cengel, Y. A., Cimbala, J.M. And Turner, R. H., "Fundamentals of Thermo-Fluid Sciences”, Fourth Edition, McGraw-Hill (SI Unit)
 

9780071325110

Class notes and Tutorials.

Op-amps and Linear Integrated Circuits By Ramakant Gayakwad

0-13-280868-

Class notes and Tutorials.

Cengel, Y. A., Cimbala, J.M. And Turner, R. H., "Fundamentals of Thermo-Fluid Sciences”, Fourth Edition, McGraw-Hill (SI Unit)
 

9780071325110

Op-amps and Linear Integrated Circuits By Ramakant Gayakwad

0-13-280868-

Online notes posted on Blackboard

Online notes posted on Blackboard


References

Electrical Trade Principles, 2nd Edition, Jeffery Hampson and Steven Hanssen

Electrical Trade Principles, 2nd Edition, Jeffery Hampson and Steven Hanssen

- Keith Pethbridge & Ian Neeson "Australian Electrical Wiring Practice - Volumes 1&2" McGraw Hill, ISBN 0 074 71053 2
- Australian Standard AS3000 - Wiring Rules
- Australian Standard AS3008 - Electrical Installations, Selection of Cables
- Theodore Wildi “Electrical Machines, Drives and Power Systems”, Prentice Hall ISBN: 0-13-082460-7
- RMIT network drive: S:\C6120\EEET7029C Electrical Installations -RMIT online learning resources are located on RMIT Online Learning Hub.
Follow the link to log in http://www.rmit.edu.au The Learning Hub ( Blackboard) is the central point of access to the online courses in which students are registered. Video: Harnessing Natures Power Site for selection and coordination of protective devices:
http://www.electrician2.com/calculators/s240_6.html
 

Croft A, Davidson R, Mathematics for Engineers, third edition, Pearson Education Australia

1408263238

- Keith Pethbridge & Ian Neeson "Australian Electrical Wiring Practice - Volumes 1&2" McGraw Hill, ISBN 0 074 71053 2
- Australian Standard AS3000 - Wiring Rules
- Australian Standard AS3008 - Electrical Installations, Selection of Cables
- Theodore Wildi “Electrical Machines, Drives and Power Systems”, Prentice Hall ISBN: 0-13-082460-7
- RMIT network drive: S:\C6120\EEET7029C Electrical Installations -RMIT online learning resources are located on RMIT Online Learning Hub.
Follow the link to log in http://www.rmit.edu.au The Learning Hub ( Blackboard) is the central point of access to the online courses in which students are registered. Video: Harnessing Natures Power Site for selection and coordination of protective devices:
http://www.electrician2.com/calculators/s240_6.html
 

Electronics Fundamentals, 6th Edition, Thomas L Floyd

Electronics Fundamentals, 6th Edition, Thomas L Floyd

Construction Industry OHS Pocket Book by Construction and Property Services

Construction Industry OHS Pocket Book by Construction and Property Services

Industry Skills Council (CPSISC), May 2009

Construction Industry WHS Pocketbook by Construction and Property Services

Construction Industry WHS Pocketbook by Construction and Property Services

Electrical Principles for the Electrical Trades,5th Edition, J. Jennesson, 2003

Electrical Principles for the Electrical Trades,5th Edition, J. Jennesson, 2003


Other Resources


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.


Assessment Tasks

This unit of competency is part of an integrated program. You must demonstrate Performance and Knowledge evidence of the unit in order to be deemed competent.

Assessment methods have been designed to measure achievement of each competency over a range of assessment tasks.

The assessment methods may include:

  • multiple choice
  • online quizzes
  • short answer questions
  • written tasks
  • assignments
  • case studies
  • workplace evidence

 

Feedback will be provided to you throughout the program through Blackboard and/or Google communities.

All assessment tasks must be submitted within the given time frame to avoid timing out.

You are expected to prepare all assignments and other written work in a professional manner. More information on general academic study and writing skills can be found on the “Learning Lab” http://emedia.rmit.edu.au/learninglab/ (http://emedia.rmit.edu.au/learninglab/). All work submitted for assessment must be submitted


Assessment Matrix

Assessment Code

Assessment Name

Elements

Performance Criteria

2OP02MQ1

Understanding Financial Reports

1

2

1.1, 1.2, 1.3, 1.4

2.1

2OP02SA1

Types of Financial Reports and Technology

2

2.1, 2.2, 2.3, 2.4, 2.5

2OP02CS1

Interpret and Advise on Financial Reports

3

3.1, 3.2, 3.3, 3.4, 3.5

Course Overview: Access Course Overview