Course Title: Manage the finances, accounts and resources of an organisation

Part B: Course Detail

Teaching Period: Term1 2015

Course Code: ACCT5356C

Course Title: Manage the finances, accounts and resources of an organisation

School: 155T Vocational Health and Sciences

Campus: City Campus

Program: C6135 - Advanced Diploma of Myotherapy

Course Contact: Joshua Davies

Course Contact Phone: +61 3 9925 4333

Course Contact Email:

Name and Contact Details of All Other Relevant Staff

André Martin  
Contact Phone: 9925 8367
Contact Email:


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 unit describes the knowledge and skills required by workers to manage the financial, accounting and resourcing systems of the workplace to uphold accountability and efficiency requirements.  Some delivery may also be online.

National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

CHCADMIN604B Manage the finances, accounts and resources of an organisation


Develop and implement resourcing proposals to meet operational needs

Performance Criteria:


5.1       Develop resource proposals, taking account of client and stakeholder needs, organisation objectives and operational plans

5.2       Negotiate recommendations to vary operational plans to fit resource availability, with relevant personnel

5.3       Develop plans to maximise value gained from the organisation's resources

5.4  Develop and implement strategies to ensure the organisation's resource needs are met within the constraints of budget allocations, existing resources, contingencies and available resource providers


Develop and recommend funding options

Performance Criteria:


4.1       Undertake research to acquire funding and resources and report the results appropriately

4.2       Where appropriate, prepare funding submissions in accordance with relevant guidelines, maintain liaison with funding body to monitor progress of the submission, undertake negotiations and make revisions as necessary

4.3  Develop contingency plans to accommodate possible shortfalls in funding and resourcing


Manage property and equipment

Performance Criteria:


7.1       Follow organisation procedures when assessing suitability and safety of buildings and equipment

7.2       Ensure the organisation's asset register is maintained as required

7.3       Ensure upgrade plans for building and equipment maintenance are established and implemented as required

7.4       Adhere to all relevant occupational health and safety and other legislation

7.5  Ensure procedures are in place to achieve the most competitive pricing for goods and services


Manage the use of funds

Performance Criteria:


3.1       Check actual income and expenditure against budgets at regular, identified intervals

3.2       Ensure expenditure is within agreed limits, does not compromise future spending requirements and conforms to organisation policy and procedures

3.3       Where there are actual or potential deviations from budget, notify the appropriate people and develop and implement proposals for corrective action

3.4       Where appropriate, ensure funds are invested in accordance with organisation procedures

3.5  Follow guidelines for the management of unspent funds


Monitor budget processes

Performance Criteria:


1.1       Oversee the preparation of budgets in light of desired program performance outcomes and forward planning priorities

1.2       Ensure budget planning process is participatory and formats are clear and standardised

1.3       Ensure budgets are submitted for approval on time and in an appropriate format

1.4       Develop and prepare requirements and contracts with funding bodies in accordance with organisation procedures

1.5  Interpret and communicate the approved budget to other staff


Monitor resource usage and performance

Performance Criteria:


6.1       Monitor resource usage against organisation targets, and investigate and rectify any deviations in accordance with organisation procedures

6.2       Ensure appropriate support and training is provided to individuals and teams who have difficulties in using resources to the required standard

6.3       Oversee systems, procedures and records associated with documenting resource acquisition and usage in accordance with organisation requirements

6.4       Analyse and interpret budget and financial information to monitor productivity and performance


Oversee implementation of systems for financial management and reporting

Performance Criteria:


2.1       Adhere to legal and organisation requirements in relation to financial management and reporting

2.2       Ensure that appropriate financial reports are prepared as required by the organisation and/or funding body

2.3       Oversee the development and implementation of book keeping, accounting systems and asset management to ensure that accurate and comprehensive records of income and expenditure are appropriately maintained

2.4       Undertake regular reconciliation against operational budgets and act upon any deviations as appropriate

Learning Outcomes

Details of Learning Activities

All class learning materials, notes and other key learning resources can be accessed via myRMIT at
A combination of activities will support student’s learning in this course, such as:
• Face-to-face &/or online lectures to cover theoretical and practical concepts for each topic in the course
• Students will learn to apply their skills and knowledge to work integrated learning (WIL) in the student & clinical practice environment, during simulations and classroom based learning
• Work experience &/or placements observation of performance in the workplace will be a valuable part of your learning experience
• Tutorial activities (individually and in teams) to discuss, debate, critique and consolidate your ideas and extend your understanding around key concepts within specific topics
• Online discussions and activities to support and collaborate with other students in your course and debate and discuss ideas
• Utilise and develop critical research and cognitive skills to find credible sources of health information
• Self-directed study time (eg. readings or activities around theory) to enhance and strengthen your knowledge and understanding of theoretical concepts
• To further facilitate learning students are strongly encouraged to use a range of communication tools between themselves and their course instructor as well as between themselves and fellow students by using the online learning platform
• It is strongly recommended that students partner up with fellow students in order to practice assessment, treatment and palpation techniques

Teaching Schedule




Activities / Assessments


Course introduction & relevance to Myo practice

Some basic accounting terms, macro & micro eceonomic indicators

Budgets & Forecasts



Budgets & Forecasts+ Portfolio

Computer Lab – Excel & Portfolio


Budgets, P&L & Balance Sheet



Budget Variance analysis+ Portfolio

Computer Lab – Excel & Portfolio


Funds Management and return on Investment



Return on Investment + Portfolio

Computer Lab – Excel & Portfolio


Funding options & contingency plans



Funding options+ Portfolio

Computer Lab – Excel & Portfolio





Resources + Portfolio

Computer Lab – Excel & Portfolio


Resources usage & performance



Resources usage + Portfolio

Computer Lab – Excel & Portfolio


Manage Property & Investment



Asset Register

Computer Lab – Excel & Portfolio


Overview of own business



Finalising Portfolio &                asset register

Portfolio Due

Asset Register Due

             *SDL = Self-directed learning

Public Holidays
Labour Day Holiday     9 March
Easter Break                2 to 8 April
Queens Birthday          8 June

Learning Resources

Prescribed Texts


Other Resources

Overview of Learning Resources:
Students will be expected to utilise a range of recent and appropriate library, electronic, text and other resources.
Students will be provided with resources and tools for leaning in this course through myRMIT.
Readings given in class times and relevant literature as it comes to hand are important in order to maintain an up to date knowledge of the industry.

Your portfolio of evidence will be handed in in an Excel sheet. Please use the following resources to brush up or to further explore your excel skills:

1) Click on the following link Myotherapy Library Subject Guide

2) Towards the bottom left hand side of this screen, you will see a section called "Software and Digital technology" with the yellow black and white "" emblem.

3) click on the icon

4) You will be prompted to login or to create a profile if you are new to lynda - I suggest using your rmit e-mail and your regular password - it takes about 30 seconds to set you up.

5) once you’re in, go to the "Browse the library" search box and enter excel and a number of excel courses will be displayed.

6) I suggest you do the Excel 2013 Essential Training course as a starting point

Feel free to explore other tutorials as well (Google, MS, Mac, etc)

Overview of Assessment

Assessment for this course forms part of the Advanced Diploma of 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

Attendance and participation:
Competency based training requires the student to be in attendance in order for assessment to be undertaken.
Final assessment in this course is a combination of a number of "formative" assessments.
To achieve competency in this course students need to successfully complete and achieve sufficiency in ALL of these formative assessments.
Please refer to RMIT’s assessment policy for more details:
Should a student be unable to attend an assessment or require an extension to a due date please refer to the following webpage:

Direct credit transfer and RPL:
Direct credit transfer is available to students who have already completed the same or similar courses. Recognition of prior learning is available to students who have relevant prior skills or experience. Please refer to;ID=8u7jborsx9dy

Work submitted for assessment:
Assessments that require work to be submitted must be handed in by the due date designated by the course instructor.
Details of the due date for each assessment item are included in this course guide and are in the Course Schedule in myRMIT (Blackboard).
Students 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”
All work submitted for assessment must be submitted electronically.
Harvard style is used for all referencing and for bibliography.
Care must be taken to reference all work correctly and to avoid plagiarism. Be sure not to plagiarise unintentionally.
Students must keep a copy of all submitted assessments including electronic copies.

Penalties for late submission:
All assignments will be marked as if submitted on time then the mark awarded will be reduced by 10% for each day (or part of a day) it is late, unless an extension is approved.
Assignments that are late will not be marked and will be awarded zero marks (unless prior extension has been requested and approved. Please refer to

Assessment Result Information:
All students will receive a All students will receive an HD, D, CR, P (High Distinction, Distinction, Credit, Pass), an NYC (Not Yet Competent) Mark or a DNS (Did Not Submit)  for the assessment.
Students must receive P marks for all Assessments to receive an overall Pass mark for the course.

Assessment Tasks

• Due Semester 2, Week 8: Submission of a portfolio of evidence including:

  • ABN, Business Name
  • Business Card
  • Practice location
  • Proffessional registration
  • Profesional indemnity & Malpractice Insurance
  • Private Health Provider Numbers
  • Market Segmentation Analysis
  • Forecast Profit & Loss Statement
  • Taxation

• Due Semester 2, Week 8: Submission of an asset register 

In order to gain competency in this course, students must complete ALL assessment activities AND gain a pass mark in each assessment activity. If one assessment activity is deemed “Not Yet Competent” then it may be included in the following assessment activity, until all assessments have been completed successfully.


Assessment Matrix

Course Overview: Access Course Overview