Course Title: Prepare complex corporate financial reports

Part A: Course Overview

Program: C6148 Advanced Diploma of Accounting

Course Title: Prepare complex corporate financial reports

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.

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ACCT5393C

City Campus

TAFE

650T Vocational Business Education

Face-to-Face or Internet

Term2 2016,
Term1 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 compile and analyse financial data, identify appropriate reporting requirements, and develop and prepare complex financial reports for reporting entities.

It applies to individuals who use specialised knowledge and systematic approaches to construct detailed reports following specific guidelines and compliance requirements.

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:

FNSACC614 Prepare complex corporate financial reports

Elements:

1. Compile data

2. Identify appropriate reporting entities

3. Prepare reports

4. Analyse reports


Learning Outcomes


Overview of Assessment

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

Performance Evidence

Evidence of the ability to:

  • compile, analyse and validate complex financial data
  • prepare complex corporate reports for reporting entities that comply with:
    • organisational policy and procedures
    • statutory requirements
    • accounting standards

Knowledge Evidence

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

  • identify appropriate key reporting entities and their main purposes and roles
  • outline the key types and sources of data required for complex financial reports
  • outline the key features of integrated accounting computerised systems
  • identify and explain the key features of business taxation requirements
  • discuss ethical considerations relating to conflict of interest, confidentiality and disclosure requirements
  • explain the key features of financial legislation and statutory requirements relating to delegated authorities, disclosure requirements, reporting periods and taxation payment timings
  • compare and contrast methods of presenting financial data
  • explain options, methods and practices for deductions, benefits and depreciations
  • identify and explain the key features of organisational guidelines and procedures
  • identify and explain the key principles of double-entry bookkeeping and accrual accounting
  • identify and discuss issues relevant to business legal requirements

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:

  • common office equipment, technology, software and consumables.
  • an integrated financial software system 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.