Course Title: Produce job costing information
Part B: Course Detail
Teaching Period: Term2 2008
Course Code: COSC5237C
Course Title: Produce job costing information
School: 650T TAFE Business
Campus: City Campus
Program: C4169 - Certificate IV in Financial Services (Accounting)
Course Contact : Ian Nash
Course Contact Phone: +61 3 9925 5733
Course Contact Email:ian.nash@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Nominal Hours: 40
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
This Unit of Competency is taught in conjunction with:
FNSACCT406A Maintain asset and inventory records [ACCT5196C]
Course Description
This unit covers the competency to calculate and record the job costs of products and services. This unit requires the application of skills and knowledge required to produce job costing information. The unit encompasses gathering and recording operating and cost data and producing cost reports. The unit has application to those job functions such as cost clerk.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSACCT402A Produce job costing information |
Element: |
Gather and record operating and cost data |
Performance Criteria: |
Data is extracted from established systems |
Element: |
Produce cost reports |
Performance Criteria: |
Costs are assigned to specified products and services |
Learning Outcomes
Please refer to Elements of Competency.
Details of Learning Activities
Students will be expected to complete the practical exercises selected from their text book and supplementary exercises provided, in class time and also devote time for completion of these exercises at home. Guideline notes covering key concepts for each element of competency will be provided on the DLS for student access. Students will be expected to read the prescribed text references in order to consolidate an understanding of WHY they are likely to use a particular method and not just HOW to apply that method.
Teaching Schedule
Week | Week beginning | Tutorial Topic | Assessment |
July 7 | Introduction to course including review of course guide, weekly program and assessment guide and use of the DLS |
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July 14 | Introduction (cont) Terminology |
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July 21 | Inventory Management(1) | ||
July 28 | Stock Ledger card FIFO Stock Ledger card WAC |
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Aug 4 | Inventory Management-(Purchasing and storage) Materials Control |
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Aug 11 |
Materials Accounting | ||
Aug 18 | Labour Control Labour Accounting |
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Aug 25 | ASSESSMENT WEEK | Test1 | |
Sept 1 | MID SEMESTER BREAK | ||
Sep 8 | Review of Test No 1 Manufacturing Overhead Control |
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Sep 15 | Accounting for Manufacturing overhead |
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Sep 22 | Job costing | ||
Sep 29 | Job costing | ||
Oct 6 | Manufacturing Statements Cost Volume Profit Analysis |
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Oct 13 | Fixed Asset Management Capital Expenditure Evaluation |
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Oct 20 | Topic Capital Expenditure Evaluation |
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Oct 27 | ASSESSMENT WEEK | Test 2 | |
Nov 3 | Retests |
Learning Resources
Prescribed Texts
Management Accounting Principles and Applications (Hart and Wilson) 3rd Edition |
References
Relevant learning resources will be placed on the learning hub (DLS) progressively throughout the semester. Students will need to access this site on a weekly basis, print the materials and bring them to class. COPIES OF MATERIALS WILL NOT BE HANDED OUT IN CLASS |
Other Resources
Overview of Assessment
The student must demonstrate an understanding of all elements of a particular competency to be deemed competent. Assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.
Assessment will incorporate a variety of methods including technical requirements documentation, homework and in class exercises, written tests, practical problem solving exercises, presentations and practical tests. 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.
The written tests will focus on the student’s practical ability to solve problems and provide meaningful solutions to a set of questions asked of them for the work completed up to the time of the test. The exam is a test of the students overall understanding of and competency in the material presented and as such, to some extent, is an opportunity for students to demonstrate competency that may not have been initially shown in the two written tests.
Assessment Tasks
The student must demonstrate an understanding of all elements of a particular competency to be deemed competent. Assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.
Assessment will incorporate a variety of methods including technical requirements documentation, homework and in class exercises, written tests, practical problem solving exercises, a workbook and practical tests. 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.
The written tests will focus on the student’s practical ability to solve problems and provide meaningful solutions to a set of questions asked of them for the work completed up to the time of the test
The Assessment matrix includes the assessment for the other competency that is delivered with this course – Maintain asset and inventory records
Assessment Matrix
Course Overview: Access Course Overview