Course Title: Interpret and use financial statistics and tools

Part A: Course Overview

Program: C6148 Advanced Diploma of Accounting

Course Title: Interpret and use financial statistics and tools

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)

MKTG7947C

City Campus

TAFE

650T Vocational Business Education

Face-to-Face or Internet

Term2 2016,
Term1 2017,
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 t to access, interpret and analyse statistical data relevant to the financial services industry. It encompasses producing new statistical information and reports from existing data using a range of tools and processes.

It applies to individuals with a thorough understanding of the sources of financial data, and statistical methods and techniques for analysis. It is a base unit on which other skills required for work in the financial services industry can be built. It may be applied in all sectors of the industry.

Pre-requisite Courses and Assumed Knowledge and Capabilities

None



National Competency Codes and Titles

National Element Code & Title:

FNSINC602 Interpret and use financial statistics and tools

Elements:

1. Apply statistical methods to work

2. Source and interpret statistical data

3. Analyse data using appropriate techniques and tools

4. Record statistical data analysis results and records


Learning Outcomes


Overview of Assessment

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

Performance Evidence

Evidence of the ability to:

  • apply statistical methods to work in the financial services industry
  • source and access statistical and other data, and produce and interpret statistics
  • use financial data tools and calculations to produce accurate and informative statistical reports from data
  • efficiently record and store data for retrieval

     

Knowledge Evidence

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

  • explain and apply mathematical principles and statistical methods
  • describe the range of statistical ratios and analysis tools relevant to the financial services industry
  • outline sources of relevant information available to the financial services industry, and their relevance
  • recognise and explain types of graphs, charts, diagrams and tables used in statistical modelling and reporting
  • explain the principles of statistical standards and sampling techniques that are used to gather valid data
     

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 industry capability field and include access to:

  • statistical modelling software and data
  • common office equipment, technology, software and consumables
  • statistical reports and data


    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.