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: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

There are no pre-requisities for this course.

Course Description

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

Element:

1. Gather and record operating and cost data

Performance Criteria:

Data is extracted from established systems
Data is systematically coded, classified and checked for accuracy and reliability in accordance with organisational policies and procedures

Element:

2. Procuce cost reports

Performance Criteria:

Costs are assigned to specified products and services
Data is reconciled to ensure calculations are accurate and comply with organisational procedures
Cost information advice is sought from all sections of the organisation when formulating budgets
Structure and format of budgets and reports are clear and conform to management information requirements
Variances against budget are identified
Reports are error free, comprehensive and comply with management requirements and organisational practices


Learning Outcomes



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

WeekTutorial Topic as per Student Learning GuideAssessment as per Student Learning Guide
1Introduction to course including review of course guide, weekly program and assessment guide and use of the DLSNil
2Introduction/Terminology An understanding of the costing definitions
3Inventory Management An understanding of why Inventory Management is important to a business. Control steps for proper management of the purchasing and storage functions
4Materials Control
Materials Control

An understanding of the Internal control processes need for the proper management of materials

Complete the accounting entries in journals and ledgers

5Labour Control
Labour Accounting
Preparation of Labour cost information for processing through the accounting system
6ASSESSMENT WEEK (Test No 1)Assessment Test 1
covering Introduction, Inventory and Labour
7Review of Test No 1
Manufacturing Overhead Control
Complete accounting entries for the control of Manufacturing Overhead
 8Accounting for Manufacturing overhead  Complete accounting entries for the control of Manufacturing Overhead
  Mid semester break 
 9

  Job costing /Job Costing for Service Organisations

 
Produce Job costing data for processing through the accounting system

Produce Job Costing Information for service business

 10 Manufacturing Statements Produce the alternative formats for Manufacturing Statements
    
11ASSESSMENT WEEK -Assessment Test 2 
12Retests
 

 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











Learning Resources

Prescribed Texts

Management Accounting Principles and Applications (Hart and Wilson) 4th 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.


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, 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

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.


Assessment Matrix

 Written test 1 (50%)Written test 2 (50%)
COSC5937C Produce job costing information V

Other Information

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