Course Title: Maintain asset and inventory records
Part B: Course Detail
Teaching Period: Term2 2009
Course Code: ACCT5251C
Course Title: Maintain asset and inventory records
School: 650T TAFE Business
Campus: City Campus
Program: C4169 - Certificate IV in Financial Services (Accounting)
Course Contact : Callie Harvey
Course Contact Phone: +61 3 9925 5772
Course Contact Email:callie.harvey@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Name: Linda Boyce
Contact Details: Will be advised in class.
Name: Lyn Montalti
Contact Details: Phone: 9925 5988
Email:lynette.montalti@rmit.edu.au
Nominal Hours: 30
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
None
Course Description
This unit describes those functions associated with the maintenance of records for fixed assets and inventory using manual and computerised systems
If you are undertaking this course in Melbourne from semester 2, 2012 onwards your teacher will advise you if you require access to a computer for the course. It is recommended that you have access to a mobile computing device to allow greater flexibility in terms of where you can work on campus outside class times.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSACCT406B Maintain asset and inventory records |
Element: |
1. Comply with organisational asset acquisition procedures |
Performance Criteria: |
1.1 Approval and authorisation for purchase of assets is obtained |
Element: |
2. Reconcile asset register and inventory records to general ledgers |
Performance Criteria: |
2.1 All asset expenditures are reconciled in accordance with organisation's policies, procedures and practices to the accounting records |
Element: |
3. Record inventory flows |
Performance Criteria: |
3.1 Purchase of inventory is recorded in subsidiary ledger |
Element: |
4. Recognise new assets and asset categories |
Performance Criteria: |
4.1 New asset categories are identified where appropriate |
Element: |
5. Prepare schedules and ad hoc reports |
Performance Criteria: |
5.1 Spreadsheets/ ad hoc reports are prepared as requested |
Element: |
6. Record disposal of fixed assets |
Performance Criteria: |
6.1 Assets are disposed of in accordance with organisational procedures, relevant legislative requirements and under supervision of appropriate persons |
Learning Outcomes
Details of Learning Activities
Manual calculations and computerised task will be used as learning activities.
Teaching Schedule
Week | Beginning date | Description | Element |
11 | 21st September 2009 | Inventories | FNSACCT406B-1 FNSACCT406B-2 FNSACCT406B-3 FNSACCT406B-5 |
12 | 28th September 2009 |
Fixed Assets Accounting for Property, Plant and Equipment |
FNSACCT406B-2 FNSACCT406B-4 FNSACCT406B-5 FNSACCT406B-6 |
13 | 5th October 2009 |
Fixed Assets Accounting for Property, Plant and Equipment |
FNSACCT406B-2 FNSACCT406B-4 FNSACCT406B-5 FNSACCT406B-6 |
14 | 12th October 2009 |
Accounting for Property, Plant and Equipment TEST |
FNSACCT406B-2 FNSACCT406B-4 FNSACCT406B-5 FNSACCT406B-6 |
Learning Resources
Prescribed Texts
TAFE Accounting basic reports 8th Edition 2007 Mrcozkowski, Fleay, Poustie and Yates Thomson |
017011378 |
TAFE Accounting Financial accounting applications 2dn edition 2004 Fleay and Poustie Thomson |
017012150X |
References
Other Resources
Overview of Assessment
Assessment may incorporate a variety of methods including technical requirements documentation, homework, assignments, group and/or individual projects, in class exercises, written and practical tests, problem solving exercises, presentations, direct observation of actual and simulated work practice and presentation of a portfolio of evidence.
Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met. Students will be provided with feedback throughout the course to check their progress.
Assessment Tasks
A TEST will assess competence in the manual components of this unit.
A COMPUTERISED SIMULATION will be used to assess your competence in the use of MYOB for the recording and maintenance of the required records for Inventory and Non-current assets.
Assessment Matrix
Element | Test | Computerised task | Resubmissions available |
FNSACCT406B-1 | Yes | Yes | Yes |
FNSACCT406B-2 | Yes | Yes | Yes |
FNSACCT406B-3 | Yes | Yes | Yes |
FNSACCT406B-4 | Yes | Yes | Yes |
FNSACCT406B-5 | Yes | Yes | No |
FNSACCT406B-6 | Yes | Yes | Yes |
Course Overview: Access Course Overview