Course Title: Establish and maintain an accrual accounting system

Part A: Course Overview

Program: C4325

Course Title: Establish and maintain an accrual accounting system

Portfolio: BUS

Nominal Hours: 40.0

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.

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
ACCT5359C	Bundoora Campus	TAFE	650T TAFE Business	Distance / Correspondence or Face-to-Face or Internet or Workplace
ACCT5352C	City Campus	TAFE	650T TAFE Business	Distance / Correspondence or Face-to-Face or Internet or Workplace

Course Contact: Jenny Wotzko

Course Contact Phone: +61 3 99255701

Course Contact Email: jennifer.wotzko@rmit.edu.au

Course Description

This unit describes the performance outcomes, skills and knowledge required to establish debtors and creditors, bad debt and contra entries, perform reconciliations, review compliance terms and conditions, plan a recovery action and prepare reports to set up and maintain a manual and computerised accrual accounting system.

This unit is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including various aspects of the Tax Act, Goods and Services Tax (GST) rulings.
 

Pre-requisite Courses and Assumed Knowledge and Capabilities

FNSBKG402A Establish and maintain a cash accounting system

National Competency Codes and Titles

National Element Code & Title:	FNSBKG403A Establish and maintain an accrual accounting system
Elements:	1. Manage the chart of accounts
	2. Process invoices, adjustment notes and other general ledger transactions
	3. Manage contra entries
	4. Identify and process bad debts
	5. Manage debt recovery
	6. Prepare and produce reports and trial balance

Learning Outcomes

Overview of Assessment

Assessment may incorporate a variety of methods including technical requirements documentation, assignments, group &/or individual projects, in class exercises, written & practical tests, problem solving exercises, presentations, direct observation of actual and simulated work practice, presentation of a portfolio of evidence, review of products produced through work-based or course activities.

You are advised that you will be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met. 

You will be provided with feedback throughout the course to check your progress.