Course Title: Prepare business advice on export Free on Board Value

Part B: Course Detail

Teaching Period: Term1 2014

Course Code: MKTG5799C

Course Title: Prepare business advice on export Free on Board Value

School: 650T TAFE Business

Campus: City Campus

Program: C4222 - Certificate IV in International Trade

Course Contact : Tim Wallis

Course Contact Phone: +61 3 9925 5423

Course Contact Email:timothy.wallis@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Peter Caly

Peter.caly@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 required

Course Description

This course applies to individuals with a broad knowledge of international trade who have a requirement to maintain relevant knowledge and skills by recognising the limits of their own experience and knowledge, and organising learning in order to collect, analyse, apply and review information required for specific complex tasks or projects.
 


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBINT407B Prepare business advice on export Free on Board Value

Element:

1. Adjust invoice price.

Performance Criteria:

3.1. Identify adjustments
3.2. Make additions and subtractions to the price

Element:

2. Calculate export FOB value, applying currency conversion principles

Performance Criteria:

4.1. Apportion costs against exported goods using organisational requirements/policies/procedures
4.2. Apply appropriate rate of exchange

Element:

3. Finalise business advice on FOB value.

Performance Criteria:

5.1. Complete advice on FOB value field on export entry or declaration
5.2. Check calculations for accuracy and verify as required
5.3. Retain and file completed documentation with relevant personnel in the enterprise
5.4. Pass relevant business advice on to the client

Element:

4.Identify relevent export invoice.

Performance Criteria:

1.1. Identify the buyer and seller
1.2. Identify the relevant contract and export invoice
1.3. Consider definitions and differences in definitions of FOB value in determining FOB value of goods being exported from Australia
1.4. Identify the International Commercial Terms INCOTERMS relevant to the contract
1.5. Identify the party to the sales contract responsible for Australian export formalities from INCOTERMS

Element:

5.Interpert invoice terms and currency.

Performance Criteria:

2.1. Identify the components that constitute the price, in Australian or foreign currency, paid or payable and appearing on the invoice
2.2. Identify INCOTERMS relevant to the invoice
2.3. Identify currency used


Learning Outcomes


This unit addresses the application of the relevant principles, theory and practice when preparing business advice for a client on the FOB value field on an export entry/declaration.


Details of Learning Activities

A range of learning activities are planned for this course including self-paced and collaborative class room based activities.

The self-based activities will be delivered through various technology platforms and will include quizzes, scenario case studies and interactive sessions.

The collaborative classroom based activities will include group discussion, group problem solving activities and opportunities to practice skills in a simulated workplace environment.


Teaching Schedule

Week    Date     Topic
1 10 Feb  Induction and pre-training review
2 17 Feb  Introduction to International conventions, laws and finance
3 24 Feb  Introduction to International conventions, laws and finance
4 3 Mar  Introduction to International conventions, laws and finance
5 10 Mar  Introduction to export and commercial documents
6 17 Mar  Introduction to export and commercial documents
7 24 Mar  Introduction to Incoterms
8 31 Mar  Introduction to Incoterms
9 7 Apr  Using incoterms in international trade transactions
10 14 Apr  Using incoterms in international trade transactions
     
11 28 Apr  Calculating Duties and Taxes in International Trade Transactions
12 5 May  Calculating Duties and Taxes in International Trade Transactions
13 12 May  Preparing Business Advice on FOB Value, Duties and Taxes
14 19 May  Preparing Business Advice on FOB Value, Duties and Taxes
15 26 May  Revision and Review
16 2 June  Resubmissions and Resits

Week 1 will consist of an induction to the course which will include completion of a pre training review and familiarisation with:

  • Your teacher(s) and other students.
  • Services and facilities
  • Student responsibilities
  • Where to get support
  • Course requirements, key learning outcomes, assessment, feedback and grading.
  • Submission requirements and the resubmission policy
  • Plagiarism
  • Appeals
  • Extensions and Special Consideration
  • Privacy

This course is codelivered and coassessed with


Learning Resources

Prescribed Texts


References


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. 

 


Assessment Tasks

This course has three assessments.  You must fully and successfully complete all assessments to be deemed competent in this unit.

MKTG5798C - Apply Knowledge of import and export international conventions, laws and finance, MKTG5799C Prepare Business advice on export Free on Board Value; and MKTG5797C Prepare business advice on taxes and duties for Intl Trade Transactions are codelivered and coassessed.

 

Assessment Task 1 – In class test 
Date handed out: Week 1
Date and time due: Week 9
Group or Individual: This assignment is to be completed individually

Purpose:
This assessment allows you to demonstrate your knowledge of international trade compliance.

Requirements:
The test will be 1 hour, and you will have 15 Minutes reading time.

Assessment Task 2 – Research and problem solving assignment
Date handed out: Week 1
Date and time due: Week 12
Group or Individual: This is a group assessment to be completed in groups of no more than 2 persons.

Purpose:
This assessment allows you to demonstrate your knowledge of international trade compliance through a practical problem solving activity based on a real world scenario

Requirements:
You are required to review the problem below and answer all questions, referencing any relevant sources. Your assignment answer should not exceed 3000 words in total. In order to answer the problem below, you will be required to conduct research and undertake analysis of your findings.

Assessment Task 3 – Portfolio of Documents
Date handed out: Week 3
Date and time due: Week 14
Group or Individual: This is a group assessment to be completed in groups of no more than 2 persons.

Purpose:
When completing a commercial sale, you are required to manage the sale through a range of commercial and government documents. A failure to have complete and accurate documents could result in a sale to be unsuccessful or result in huge penalties or charges.

This assignment gives you the experience of preparing commercial documents for a simulated sale transaction.

Requirements:
You are to compile and retain a portfolio of documents as required in the transaction from a country of your choice in assessment 2.

You should also include a summary document of not more than 1000 words which explains the category of the documents and their purpose/function.
 

Submission Requirements

 Assessment tasks must be submitted online through blackboard. 

You must:

  • Ensure that you submit assessments on or before the due date. If your performance in the assessment is affected by unexpected circumstances, you should consider applying for Special Consideration.
  • Retain a copy of your assessment tasks.
  • Complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work. On the cover sheet you declare that the work you are presenting for assessment is your own work. An assignment cover sheet for submission of work for assessment is available on blackboard.
  • For group assignments - all group members must complete and sign the cover sheet. 
  • Each page of your assessment you should include footer with your name(s), student number(s), the title of the assessment, unit code and title and page numbers. For example, Julie Macpherson, 324567, Task 2, OHS2345C Ensure safe workplace, Page 1 of 10.

Resubmissions:
If you are found to be Not Yet Competent in an Assessment Task you will be allowed one resubmission to demonstrate competence. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. The highest grade you will receive if your resubmission is successful is “CAG”. 

Final Date for All Assessments
NO ASSESSMENT TASKS OR RESUBMISSIONS WILL BE ACCEPTED AFTER 5PM FRIDAY, WEEK 16.
 


Assessment Matrix

Marking Guide (competency):
Vocational Education and Training (VET) is based on current industry needs and the focus on preparing you for the workplace. Because VET courses are informed by practical application of knowledge and skills, they are based on a system known as ‘competency based training’ (CBT). So when you are assessed in VET it is about whether you are competent to do the job, as well as having a firm grasp on the knowledge and skills required to do that job, as opposed to traditional curriculum based education settings that are often based on knowledge retention.

You need to demonstrate you are competent in each element of the unit of competency you are studying.

You will receive feedback on each assessment task that will inform you whether you are competent or not and how well you are performing. Once competent in all elements of the unit you receive a competency grading.

Marking Guide (Grading)
After achieving competency we then grade your performance in the unit; this gives you the opportunity to have the level of your performance formally recognized against industry standards and employability skills.

You will be provided with an assessment matrix in the assessments area of the unit blackboard shell.  Generally, your grading will be assessed against how well you demonstrate:

  • Perform the activities as required by the learning elements of this unit of competency.
  • Demonstrate the required knowledge for this unit of competency.
  • Execute the required skills for this unit of competency.
  • Demonstrate your employability skills through contribution to learning activities related to this assessment, timeliness, use of technology and teamwork.

Final Grades table:

DNS - Did not submit for assessment
NYC - Not yet competent
CAG - Competency achieved – graded
CC - Competent with credit
CDI - Competent with distinction
CHD - Competent with high distinction
 

Other Information

Late Submissions

Students are required to submit assessment items and/or ensure performance based assessment is completed by the due dates. If a student is to be prevented from submitting an assessment item on time, by circumstances outside their control, they may apply in advance to the teacher for an extension to the due date of up to seven calendar days. To be eligible for an extension, you must lodge the extension form availabile at the following link with your teacher: http://www.rmit.edu.au/students/assessment/extension

Where an extension of greater than seven days is needed, the student must apply for special consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination. More information on special consideration and how to apply can be found here: http://www.rmit.edu.au/students/specialconsideration


Adjustments to Assessment
In certain circumstances students may be eligible for an assessment adjustment. Information on circumstances under which the assessment arrangements might be granted can be found at the following website: http://www.rmit.edu.au/students/assessment/adjustment
 

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