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.