Course Title: Maintain financial records

Part A: Course Overview

Program: C4169

Course Title: Maintain financial records

Portfolio: BUS

Nominal Hours: 60.0

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)

ACCT5180C

City Campus

TAFE

650T TAFE Business

Face-to-Face

Term2 2008,
Term1 2009

Course Contact: Laurine Symington

Course Contact Phone: +61 3 99255484

Course Contact Email: Laurine.Symington@rmit.edu.au


Course Description

This unit covers the maintenance of financial records for a business. It includes activities such as the maintenance of daily financial records, including reconciling debtors’ and creditors’ systems and preparing a maintaining a general ledger and preparing a trial balance. It also includes activities associated with the monitoring of cash control for accounting purposes.


Pre-requisite Courses and Assumed Knowledge and Capabilities

This Unit of Competency is taught in conjunction with:
FNSICACC304B Prepare and bank receipts [ACCT5252C]
FSNICACC306B Process journal entries [ACCT5253C]



National Competency Codes and Titles

National Element Code & Title:

BSBCMN308A Maintain financial records

Elements:

Maintain daily financial records

Maintain general ledger

Monitor cash control


Learning Outcomes

After completing this unit of competency, students should be able to demonstrate they can:

   Identify and respond to discrepancies and errors

  Transfer and record financial data accurately

  Identify and comply with organisational requirements

  Reconcile expenditures and revenue

  Recommend options for financial decision making


Overview of Assessment

This unit is co-assessed with FNSICACC304B Prepare and bank receipts [ACCT5252C] and FSNICACC306B Process journal entries [ACCT5253C].  There will be three (3) tests and the final mark will be the combined score of all the tests.
The assessment for this cluster is a series of tests and a folio of evidence. The “folio of evidence” is a collection of exercises which may have been completed during the classes and then submitted to support the grade of competent. The tests will then be used to allocate a number grade which is only available after the folio has been deemed competent. It is through the results of the tests that students will receive an indication of their progress.