Course Title: Provide financial and business performance information

Part A: Course Overview

Program: C5374 Diploma of Accounting

Course Title: Provide financial and business performance information

Portfolio: BUS Portfolio Office

Nominal Hours: 60

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.

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ACCT5378C

City Campus

TAFE

650T Vocational Business Education

Face-to-Face or Internet

Term2 2017

Course Contact: Ben Sethia

Course Contact Phone: +61 3 9925 5982

Course Contact Email: ben.sethia@rmit.edu.au



Course Description

This unit describes the skills and knowledge required to analyse and report on a broad range of financial and business performance information and encompasses assessing clients’ needs, analysing data and preparing advice.

It applies to individuals who, within their level of authority, apply specialised knowledge, systematic approaches and analytical techniques to research and prepare customised information for clients.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

Pre-requisite Courses and Assumed Knowledge and Capabilities

None



National Competency Codes and Titles

National Element Code & Title:

FNSACC501 Provide financial and business performance information

Elements:

1. Assess client needs

2. Analyse data

3. Prepare advice


Learning Outcomes


Overview of Assessment

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

Performance Evidence

Evidence of the ability to:

  • access clients’ needs and analyse their financial data
  • prepare and document appropriate advice for clients that:
    • complies with financial legislation and accounting standards, practices and principles
    • assesses taxation, compliance and business viability issues faced by clients
    • assesses risk management options and practices

Knowledge Evidence

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

  • explain the key requirements of taxation legislation relating to deductions, allowances and charges
  • list the key areas that can cause significant taxation issues
  • compare and contrast forecasting techniques
  • identify and explain the key features of government financial policy and secretary’s financial management instructions
  • explain the key requirements of relevant corporations and consumer legislation
  • describe a range of methods for presenting and formatting financial data
  • identify and explain the key principles of cash flow and budgetary control
  • identify and categorise sources of information on financial products and markets
  • outline a range of risks and contingencies and risk management options relating to financial and business performance
  • outline client rights and responsibilities

Assessment Conditions

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

  • a range of common office equipment, technology, software and consumables

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

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.