Course Title: Process journal entries

Part B: Course Detail

Teaching Period: Term2 2009

Course Code: ACCT5253C

Course Title: Process journal entries

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.


Nominal Hours: 10

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

No pre-requisites

Course Description

This unit describes the functions involved in processing financial journal entries.

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:

FNSICACC306B Process journal entries

Element:

1. Check and verify supporting documentation

Performance Criteria:

1.1 Supporting documentation is examined to establish accuracy and completeness.

1.2 Supporting documentation is examined to ensure authorisation by appropriate level.

Element:

2. Prepare journal

Performance Criteria:

2.1 Journal is accurate, complete, and prepared  within company timelines.

Element:

3. Authorise journal

Performance Criteria:

3.1 Journal is authorised in accordance with company policy and procedure.

Element:

4. Enter data into system

Performance Criteria:

4.1 Data is entered into system accurately and in accordance with company input standards.

4.2 Transaction is correctly allocated to system and account.

4.3 Related systems are updated to maintain integrity of relationships between financial systems.

4.4 Data entry is undertaken in accordance with relevant health and safety requirements.

Element:

5. Check journal processing report

Performance Criteria:

5.1 Where appropriate, processing report is examined for accuracy and reconciled in accordance with relevant company policy and procedures, accounting principles and practices.

5.2 Entries requiring alteration are identified and adjusting entries processed accurately in accordance with company policy and procedures.

Element:

6. File documentation

Performance Criteria:

6.1 Documentation is filed promptly and in accordance with company policy and procedures, industry and legislative requirements.

6.2 Filed documentation is easily accessible and traceable.


Learning Outcomes


 


Details of Learning Activities

Manual calculations and computerised tasks will be used as learning activities.


Teaching Schedule

WEEKDate BeginningASSESSMENT  
Learning Outcomes
16th July 2009  Accounting concepts and environment -  Underpinning knowledge 
213th July 2009  

Accounting concepts and environment

Business document and Journals

FNSICACC306B-1
FNSICACC306B-2
BSBFIA301A-1
320th July 2009 Business document and Journals FNSICACC306B-1
FNSICACC306B-2
BSBFIA301A-1
4 
27th July 2009 
TEST ONEGeneral Ledger accounts and the Trial Balance FNSICACC306B-3
FNSICACC306B-4
FNSICACC306B-5
BSBFIA301A-1
BSBFIA301A-2
53rd August 2009  General Ledger accounts and the Trial Balance FNSICACC306B-3
FNSICACC306B-4
FNSICACC306B-5
BSBFIA301A-1
BSBFIA301A-2
610th August 2009 Debtors and Creditors Subsidiary Ledgers
 FNSICACC306B-3
FNSICACC306B-4
FNSICACC306B-5
BSBFIA301A-1
BSBFIA301A-2
717th August 2009 TEST TWODebtors and Creditors Subsidiary LedgersFNSICACC306B-3
FNSICACC306B-4
FNSICACC306B-5
BSBFIA301A-1
BSBFIA301A-2
824th August 2009
 Bank Reconciliation BSBFIA301A-3
FNSICACC304B-1
FNSICACC304B-2
FNSICACC304B-3
FNSICACC306B-5
97th September 2009    

Bank Reconciliation 

Petty Cash

BSBFIA301A-3
FNSICACC304B-1
FNSICACC304B-3
FNSICACC306B-5 
1014th September 2009 TEST THREEPetty Cash

BSBFIA301A-3
FNSICACC304B-1
FNSICACC304B-2
FNSICACC304B-3
FNSICACC306B-5

FNSICACC306B-6


Learning Resources

Prescribed Texts

TAFE Accounting to Trial Balance 9th Edition, 2007 Mroczkowski, Fleay, Poustie and Yates. Thomson

0170128792


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

There will be three TESTS in Weeks 4, 7 and 10. The cumulative score will be the score you receive for the cluster of units.

TEST ONE: will assess the understanding of students regarding the Accounting Concepts and Environment,  and Business Documents and Journals.

TEST TWO: will assess the students ability to Post the Journals to General Ledger accounts including Debtors and Creditors Subsidiary Ledgers and to extract the Trial    Balance.

TEST THREE: will assess the students ability to correctly complete a Bank Reconciliation and to maintain the records for a Petty Cash Imprest system and to monitor cash flows.


Assessment Matrix

  
BSBFIA301A-1 Yes Yes Yes
BSBFIA301A-2 Yes Yes
BSBFIA301A-3 Yes Yes


Element Test OneTest TwoTest Three

Resubmissions Available

FNSICACC306B-1 

Yes  Yes
FNSICACC306B-2Yes  Yes
FNSICACC306B-3YesYes Yes
FNSICACC306B-4YesYes Yes
FNSICACC306B-5YesYesYesYes
FNSICACC306B-6  YesYes

Course Overview: Access Course Overview