Course Title: Produce job costing information
Part B: Course Detail
Teaching Period: Term2 2011
Course Code: COSC5937C
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: 9925 5733
Course Contact Email:firstname.lastname@example.org
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
There are no pre-requisities for this course.
This unit covers the competency to calculate and record the job costs of products and services.
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:
FNSACCT402B Produce job costing information
1. Gather and record operating and cost data
Data is extracted from established systems
2. Procuce cost reports
Costs are assigned to specified products and services
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.
|Week||Tutorial Topic as per Student Learning Guide||Assessment as per Student Learning Guide|
|1||Introduction to course including review of course guide, weekly program and assessment guide and use of the DLS||Nil|
|2||Introduction/Terminology||An understanding of the costing definitions|
|3||Inventory Management||An understanding of why Inventory Management is important to a business. Control steps for proper management of the purchasing and storage functions|
|4||Materials Control |
An understanding of the Internal control processes need for the proper management of materials
Complete the accounting entries in journals and ledgers
|5||Labour Control |
|Preparation of Labour cost information for processing through the accounting system|
|6||ASSESSMENT WEEK (Test No 1)||Assessment Test 1
covering Introduction, Inventory and Labour
|7||Review of Test No 1 |
Manufacturing Overhead Control
|Complete accounting entries for the control of Manufacturing Overhead|
|8||Accounting for Manufacturing overhead||Complete accounting entries for the control of Manufacturing Overhead|
|Mid semester break|
Job costing /Job Costing for Service Organisations
Produce Job Costing Information for service business
|10||Manufacturing Statements||Produce the alternative formats for Manufacturing Statements|
|11||ASSESSMENT WEEK -Assessment Test 2|
Retests are only for those students who have attempted the original test but fail the test(s) or have been granted special consideration. The retesting will be provided at the same time as your normal class in week 17 unless by other arrangement
Management Accounting Principles and Applications (Hart and Wilson) 4th Edition
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.
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, 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.
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.
|Written test 1 (50%)||Written test 2 (50%)|
|COSC5937C Produce job costing information||V||V|
In adherence with RMIT’s commitment to sustainability, course teachers will seek to incorporate environmental concerns in the facilitation of this course. These include, but are not limited to:
- Conserving natural resources
- Using recycled materials wherever possible
- Minimising pollution
- Applying energy savings measures
- Reducing waste
Students are encouraged to identify and follow environmental and resource efficient ways of working whilst studying this course.
Course Overview: Access Course Overview