Course Title: Develop and manage a budget

Part B: Course Detail

Teaching Period: Term2 2018

Course Code: ACCT5408C

Course Title: Develop and manage a budget

School: 174T School of VE Engineering, Health & Science

Campus: City Campus

Program: C6156 - Advanced Diploma of Surveying

Course Contact: Thierry Demathieu

Course Contact Phone: +61 3 9925 8359

Course Contact Email: thierry.demathieu@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Dr. Toby Manning

Senior Educator   Surveying Department School of Vocational Engineering, Health and Science (SVEHS)
RMIT University
Building 57, Level 5, Room 37
115 Queensberry St
Carlton 3053, Australia
Tel. +61 3 9925 4934
Email: toby.manning@rmit.edu.au

 

Nominal Hours: 80

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

There are no pre-requisites for this unit.

Course Description

This unit describes the skills and knowledge required to collect and analyse information and apply sound accounting principles to the development and ongoing management of a budget for a small organisation or section of a large organisation.

It applies to individuals who use a range of specialist and managerial techniques to plan, monitor and control budgetary work.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSORG501 Develop and manage a budget

Element:

1.Plan for and collect information for budget

Performance Criteria:

1.1.Determine and confirm areas for which budget is being prepared with appropriate personnel, and identify, access and analyse data required for development of budget
1.2.Determine budget parameters with estimates based on research, consultation and negotiation with appropriate personnel
1.3.Consult relevant colleagues in budget planning process as required

Element:

2.Develop budget

Performance Criteria:

2.1.Draft budget based on analysis of all available information in accordance with organisational policy
2.2.Identify and support income and expenditure estimates with reliable information and circulate draft budget for comment

Element:

3.Finalise budget and allocate resources

Performance Criteria:

3.1.Provide final budget which incorporates agreed modifications to appropriate personnel
3.2.Inform personnel affected by budget of its limits and goals in their work area and clarify financial management and reporting responsibilities
3.3.Obtain agreement to budget priorities and allocate resources

Element:

4.Monitor and control budget

Performance Criteria:

4.1.Check actual income and expenditure against budget at regular intervals, and prepare and present budget reports to appropriate personnel
4.2.Identify and respond to deviations, take appropriate action and advise relevant personnel on budget status

Element:

5.Complete financial and statistical reports

Performance Criteria:

5.1.Complete all required financial and statistical reports accurately within designated timelines
5.2.Make appropriate recommendations about future financial planning
5.3.Provide clearly presented and accurate reports to appropriate personnel

Learning Outcomes


Please refer to the Elements of Competency.


Details of Learning Activities

The learning activities for this course are designed to develop skills and knowledge required to collect and analyse information and apply sound accounting principles to the development and ongoing management of a budget for a small organisation or section of a large organisation. These learning activities will be delivered as:

  • Lectures
  • Tutorials
  • Practicals


Teaching Schedule

 

Week

Topic

Task / Assessment

19 (1)

Introduction to topic –

 

4/7

Monitoring

 

20 (2)

 

 

11/7

Major Project – Site visit

 

21 (3)

 

 

18/7

Monitoring – Assessment

 

22 (4)

 

Assessment 1 30% (DUE)

25/7

Remote sensing - 1

 

23 (5)

 

 

1/8

Monitoring

 

24 (6)

 

 

8/8

Major Project – Site visit/Survey 1

  

25 (7)

 

 

15/8

Monitoring

  

26 (8)

 

  

22/8

Remote sensing 2 - Assignment

 

BREAK

 

 

27 (9)

 

 

5/9

Monitoring

 

28 (10)

 

 

12/9

Major Project– Site visit/Survey 2

 

29 (11)

 

 

19/9

Monitoring

 

30 (12)

 

 

26/9

Remote sensing - 3

 

31 (13)

 

 

3/10

Monitoring

 

32 (14)

 

 

10/10

Major Project – Finalise the report

 

33 (15)

 

 

17/10

Monitoring – Assessment

 

34 (16)

 

Assessment 2 40% (DUE)

24/10

Remote sensing 4 - TEST

 

35 (17)

 

Assessment 3 30% (DUE)

31/10

Monitoring – feedback

 

36 (18)

 

  

7/11

 

 


Learning Resources

Prescribed Texts


References


Other Resources

Students will be able to access course information and learning materials through the Learning Hub and may be provided with additional materials in class. Lists of relevant reference books, resources in the library and accessible Internet sites will be provided where possible. You will also use equipment and software packages in the laboratory for the project work. During the course, you will be directed to websites to enhance your knowledge and understanding of difficult concepts

Check the Library Subject Guides: http://rmit.libguides.com/geospatial


Overview of Assessment

Assessment Tasks

Students must pass each of the following assessment tasks to demonstrate competent. 

Assessment

Weight%

Task 1

Assignment 1

30%

Task 2

Assignment 2

40%

Task 3

Presentation

30%

These tasks assesses the following Course Learning Outcomes (CLOs):

Assessment Mapping Matrix 

Elements/

Performance Criteria Covered

Task 1

Task 2

Task 3

1.1

X

X

 

1.2

X

X

 

1.3

X

X

 

2.1

X

X

 

2.2

X

X

 

3.1

X

X

 

3.2

 

X

X

3.3

X

X

 

4.1

X

X

 

4.2

 

 

X

5.1

X

X

 

5.2

X

X

 

5.3

 

X

X

 

To be deemed competent you must demonstrate an understanding of all aspects required of the competency. Assessment methods have been designed to measure your achievement of each competency in a flexible manner over multiple tasks.

 

 


Assessment Tasks

Students must pass each of the following assessment tasks to demonstrate competent. 

Assessment

Weight%

Task 1

Assignment 1

30%

Task 2

Assignment 2

40%

Task 3

Presentation

30%

These tasks assesses the following Course Learning Outcomes (CLOs):


Assessment Matrix

Elements/

Performance Criteria Covered

Task 1

Task 2

Task 3

1.1

X

X

 

1.2

X

X

 

1.3

X

X

 

2.1

X

X

 

2.2

X

X

 

3.1

X

X

 

3.2

 

X

X

3.3

X

X

 

4.1

X

X

 

4.2

 

 

X

5.1

X

X

 

5.2

X

X

 

5.3

 

X

X

 

To be deemed competent you must demonstrate an understanding of all aspects required of the competency. Assessment methods have been designed to measure your achievement of each competency in a flexible manner over multiple tasks.

Other Information

To be deemed competent you must demonstrate an understanding of all aspects required of the competency. Assessment methods have been designed to measure your achievement of each competency in a flexible manner over multiple tasks.

 

Credit Transfer and/or Recognition of Prior Learning (RPL):

You may be eligible for credit towards courses in your program if you have already met the learning/competency outcomes through previous learning and/or industry experience. To be eligible for credit towards a course, you must demonstrate that you have already completed learning and/or gained industry experience that is:
• Relevant
• Current
• Satisfies the learning/competency outcomes of the course
Please refer to http://www.rmit.edu.au/students/enrolment/credit to find more information about credit transfer and RPL.
 

Study and Learning Support:

Study and Learning Centre (SLC) provides free learning and academic development advice to you. Services offered by SLC to support your numeracy and literacy skills are:
• Assignment writing, thesis writing and study skills advice
• Maths and science developmental support and advice
• English language development
Please refer to http://www.rmit.edu.au/studyandlearningcentre  to find more information about Study and Learning Support.
 

Disability Liaison Unit:

If you are suffering from long-term medical condition or disability, you should contact Disability Liaison Unit to seek advice and support to complete your studies.
Please refer to http://www.rmit.edu.au/disability to find more information about services offered by Disability Liaison Unit.
 

Late Submission:

If you require an Extension of Submittable Work (assignments, reports or project work etc.) for seven calendar days or less (from the original due date) and have valid reasons, you must complete an Application for Extension of Submittable Work (7 Calendar Days or less) form and lodge it with the Senior Educator/ Program Manager.
The application must be lodged no later than one working day before the official due date. You will be notified within no more than two working days of the date of lodgement as to whether the extension has been granted.
If you seek an Extension of Submittable Work for more than seven calendar days (from the original due date), you must lodge an Application for Special Consideration form under the provisions of the Special Consideration Policy, preferably prior to, but no later than two working days after the official due date.
Submittable Work (assignments, reports or project work etc.) submitted late without approval of an extension will not be accepted or marked.
 

Special Consideration:

Please refer to http://www.rmit.edu.au/students/specialconsideration  to find more information about special consideration.
 

Plagiarism:

Plagiarism is a form of cheating and it is very serious academic offence that may lead to expulsion from the university.
Please refer to http://www.rmit.edu.au/academicintegrity  to find more information about plagiarism.
 

Email Communication:

All email communications will be sent to your RMIT email address and you must regularly check your RMIT emails.

Course Overview: Access Course Overview