Course Title: Manage the organisation's finances, accounts and resources

Part B: Course Detail

Teaching Period: Term1 2011

Course Code: ACCT5182C

Course Title: Manage the organisation's finances, accounts and resources

School: 155T Vocational Health and Sciences

Campus: City Campus

Program: C6094 - Advanced Diploma of Remedial Massage (Myotherapy)

Course Contact: Jeremy Sager

Course Contact Phone: +61 3 9925 4294

Course Contact Email:

Name and Contact Details of All Other Relevant Staff

Meghan Ambrens
Phone: +61 3 9925 4291

Nominal Hours: 90

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


Course Description

This course teachers learners how to manage the financial, accounting and resourcing systems of the workplace to uphold accountability and efficiency requirements.  Learners will be involved with both practical simulation and workplace-based delivery in the student Myotherapy Clinic and other classes.  Some delivery may also be online.

National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

CHCADMIN4B Manage the organisation's finances, accounts and resources


1.    Implement budget processes

Performance Criteria:

1.1 The budgets are prepared in light of desired program performance outcomes and forward planning priorities
1.2 The budget planning process is participatory and formats are clear and standardised
1.3 The budget is submitted for approval on time and in an appropriate format
1.4 Requirements and contracts with funding bodies are developed and prepared in accordance with organisational procedures
1.5 The approved budget is communicated to other staff


2.    Establish and implement systems for financial management and reporting

Performance Criteria:

2.1 Legal and organisational requirements in relation to financial management and reporting are adhered to
2.2 Appropriate financial reports are prepared as required by the organisation and/or funding body
2.3 Book keeping, accounting systems and asset management are developed and implemented to ensure that accurate and comprehensive records of income and expenditure are appropriately
2.4 Regular reconciliation against operational budgets is undertaken and any deviations acted upon as appropriate


3.    Manage the use of funds

Performance Criteria:

3.1 Actual income and expenditure is checked against budgets at regular, identified intervals
3.2 Expenditure is within agreed limits, does not compromise future spending requirements and conforms to the organisation's policy and
3.3 Where there are actual or potential deviations from budget the appropriate people are notified and proposals for corrective action are
developed, and implemented
3.4 Where appropriate, funds are invested in accordance with organisational procedures
3.5 Guidelines are followed for the management of unspent funds


4.    Develop and recommend funding options

Performance Criteria:

4.1 Research and feasibility studies to acquire funding and resources are undertaken and the results reported to appropriate personnel
4.2 Where appropriate, funding submissions are prepared in accordance with relevant guidelines, liaison is maintained with funding body to
monitor progress of the submission, undertake negotiations and make revisions as necessary
4.3 Contingency plans are developed to accommodate possible shortfalls in funding and resourcing


5.    Develop and Implement resourcing Proposals to meet Operational needs

Performance Criteria:

5.1 Resource proposals are developed, taking account of client and stakeholder needs, organisational objectives and operational plans
5.2 Recommendations to vary operational plans to fit resource availability are negotiated with relevant personnel
5.3 Plans are developed to maximise value gained from the organisation's resources
5.4 Strategies are developed and implemented to ensure the organisations resource needs are met within the constraints of budget allocations, existing resources, contingencies, and available resource


6.    Monitor resource usage And performance

Performance Criteria:

6.1 Resource usage is monitored against organisational targets, and any deviations investigated and rectified in accordance with organisational
6.2 Support and training as appropriate is provided to individuals and teams who have difficulties in using resources to the required standard
6.3 Systems, procedures and records associated with documenting resource acquisition and usage are managed in accordance with organisational requirements
6.4 Budget and financial information is analysed


7.    Manage property,equipment and stores

Performance Criteria:

7.1 Organisational procedures are followed when assessing suitability and safety of buildings and equipment
7.2 The organisation's asset register is maintained as required
7.3 Upgrade plans for building and equipment maintenance are established and implemented as required
7.4 All relevant occupational health and safety and other legislation is adhered to
7.5 Procedures are in place to achieve the most competitive pricing for goods and services

Learning Outcomes

Details of Learning Activities

Learning activities are conducted primarily online with scheduled face to face classes.  Students can access materials via the Learning Hub.  Students undertake a variety of learning activities such as workbook / manual based learning, assingments and  journal entries.

Teaching Schedule

8/02/2011 Orientation weeks – scheduled activities (refer to timetable)
22/02/2011 Marketing (topics to cover): About Marketing; Your Marketing Plan; Advertising & Promotion
01/03/2011 About marketing
08/03/2011 Your marketing plan
15/03/2011 Promotion & Advertising
22/03/2011 Finance (topics to cover): Finance
29/03/2011 Financial planning & record keeping
05/04/2011 Human Resources (topics to cover): Recruiting staff; Selecting staff; Workplace relations; Managing performance
12/04/2011 Recruiting staff
03/05/2011 Selecting staff
09/05/2011 Workplace relations
17/05/2011 Managing performance
24/05/2011 Managing quality
31/05/2011 Job Interview Assessment

21/06/2011 No Classes - Finalising Results
26/06/2011 MID YEAR BREAK

12/07/2011 Business Planning (topics to cover): Developing a concept; Time management; Business plan; Business writing; Managing Information
19/07/2011 Developing a concept & time management
26/07/2011 Writing a business plan & business writing
02/08/2011 Managing information
09/08/2011 Guest Speakers Lecture
16/08/2011 Assessment review (Business Plan)
23/08/2011 Complete Assessment
06/09/2011 Business Communications (topics to cover): Basic business communication; Business communication; Building client relationships
13/09/2011 Basic business communication
20/09/2011 Business communication
27/09/2011 Building client relationships
04/10/2011 Business Networking (topics to cover): Presentation skills; Business networking
11/10/2011 Presentation skills
18/10/2011 Business networking
25/10/2011 Networking Event: RMIT Myotherapy Musculoskeletal Pathology Expo

Learning Resources

Prescribed Texts


Other Resources

Overview of Assessment

Assessment for this course forms part of the Advanced Diploma Remedial Massage (Myotherapy).
Primary assessment involves on-going practical and applied assessment in a clinical workplace or simulated environment such as a supervised student clinic.
Assessment is typically based around written and/or online tests, assignments, reflective journals, evidence portfolio’s, logbooks and/or practical demonstrations.
Competency based training requires the student to be in attendance in order for assessment to be undertaken.
Assessment is undertaken through successful completion of all assessment activities and classroom, project & industry participation.
Assessments are spaced across the duration of the course, in order for your teacher to provide you with progressive feedback.
Feedback will be provided throughout the semester in class and/or online discussions, through individual and group feedback on practical exercises and by individual consultation.
If you have a long term medical condition and/or disability it may be possible to negotiate to vary aspects of the learning or assessment methods. You can contact the program coordinator or the Disability Liaison Unit if you would like to find out more.
An RMIT assessment charter ( ) summarises your responsibilities as an RMIT student as well as those of your teachers.
Your course assessment conforms to RMIT assessment principles, regulations, policies and procedures which are described and referenced in a single document, the Assessment policies and procedures manual (;ID=ln1kd66y87rc).

Assessment Tasks

Please Note:
The pass mark for all assessments is 70%.
You will need to demonstrate competency in all of the following assessment tasks in order to achieve competency for this subject
Full details for each assessment are available on the learning hub

Assessment Task: Business Plan.

Due: September 6, 2011

Assessment Matrix

Course Overview: Access Course Overview