Course Title: Maintain financial records
Part B: Course Detail
Teaching Period: Term1 2015
Course Code: ACCT5334C
Course Title: Maintain financial records
School: 155T Vocational Health and Sciences
Campus: City Campus
Program: C6123 - Advanced Diploma of Dental Prosthetics
Course Contact: Mark Doherty
Course Contact Phone: Ph: (03) 9341 1407
Course Contact Email: mark.doherty@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Maintain Financial Records
Contact: Matthew Clayton
P: 9341 1417
E: matthew.clayton@rmit.edu.au
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.
Pre-requisites and Co-requisites
NONE
Course Description
Maintain financial records
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
BSBFIA301A Maintain financial records |
Element: |
1. Maintain daily financial records |
Performance Criteria: |
1.1. Correctly maintain daily financial records and in accordance with organisational requirements for accounting purposes 1.2. Identify and rectify or refer discrepancies or errors in documentation or transactions to designated persons in accordance with organisational requirements 1.3. Accurately credit and debit transactions and promptly enter into journals in accordance with organisational requirements |
Element: |
2. Maintain general ledger |
Performance Criteria: |
2.1. Maintain general ledger in accordance with organisational requirements 2.2. Post transactions into general ledger in accordance with organisational reporting requirements 2.3. Reconcile systems for accounts payable and receivable with general ledger 2.4. Accurately prepare trial balance from general ledger in accordance with organisational requirements |
Element: |
3. Monitor cash control |
Performance Criteria: |
3.1. Ensure cash flow is accurately accounted for in accordance with organisational requirements 3.2. Make and receive payments in accordance with organisational requirements 3.3. Collect or follow-up outstanding accounts within designated time lines 3.4. Check payment documentation for accuracy of information and despatch to creditors within designated time line
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Learning Outcomes
On completion of this unit you will have the skills and knowledge required to maintain the financial records of a business.
Details of Learning Activities
- Facilitator led discussions using Powerpoint presentations
- In class activities
- Simulated workplace activities
- Assignment work
Teaching Schedule
The class will be delivered in conjunction with the following units of competence: BSBADM311A Maintain Business Resources.
Following the delivery of the theory class, assignment exercises will be undertaken as out-of-class work.
Assignment details are posted on Blackboard (subject to change at the discretion of RMIT, in this event notification will be provided to your student email).
Learning Resources
Prescribed Texts
References
Other Resources
- Powepoint available on MYRMIT Blackboard under the program code C5312 and the Unit of Competence BSBFIA301A/ACCT5334C Maintain Financial Records.
- RMIT online learning Hub www.rmit.edu.au/online
- Library www.rmit.edu.au/library
- Internet links
- Journals, Brochures, Pamphlets, Newspapers, Magazines
Overview of Assessment
Incorporation of financial recording procedures in business plan.
Assessment Tasks
Your assessment will be graded with either a Px (Satisfactory) or NYC (Not Satisfactory) according to the assessment guidelines in accordance with the training package elements & essential skills
Your assessments will consist of an online quiz beginning the week of the 7th September 2015 and a 2000 word assignment - Prosthetic Dental Laboratory: Financial Records
Word assignment due date: Friday October 23rd 2015
(Any re-assessment activities must take place no later than mid November 2015)
Assessment Matrix
To achieve a grade of CA (Competency Achieved) for the unit BSBFIA301A/ACCT5334C Maintain Financial Records you are required to obtain a pass result (PX or CA) for the Assignment which is used to measure; elements, performance criteria, essential knowledge and essential skills as outlined in the health training package.
Failure to complete the above listed tasks/assessment will result in an NYC (not yet competent) result for unit BSBFIA301A/ACCT5334C Maintain Financial Records. An NYC (not yet competent) result will be entered in the student record. This will result in non-completion of this unit of competence requiring re-enrolment incurring fees and a return to class work and completion of any relevant assessments at the time of the re-enrolment.
The scheduled submission dates for the assignment are as follows: (Notification will be provided in advance via student email if there are adjustments to these dates)
Student Prosthetist group: Monday 7th September 2015 (The assessment process must be finalised and a result entered by November 27th 2015)
Other Information
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