Course Title: Prepare Budgets and Financial Plans
Part B: Course Detail
Teaching Period: Term2 2009
Course Code: ACCT5149C
Course Title: Prepare Budgets and Financial Plans
School: 650T TAFE Business
Campus: City Campus
Program: C5137 - Diploma of Business Management
Course Contact : Seymour Jacobson
Course Contact Phone: +61 3 9925 1563
Course Contact Email:seymour.jacobson@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Mr Claude Marasco
Course Co-ordinator
Telephone: 9925 1651
Email Address: e75371@ems.rmit.edu.au
Location: 108.013.025
Nominal Hours: 60
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
Experience in frontline, senior supervisory or management positions
Course Description
This unit describes the functions involved in preparing budgets and financial plans. It will also provide students with the skills and knowledge in the application of statistical analyses and processing of business data
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
BSBMGT503A Prepare Budgets and Financial Plans |
Element: |
Analyse strategic and operational plans |
Performance Criteria: |
1. Strategic opportunities are expressed in terms of tactical and operational |
Element: |
Build agreements for budgets and financial plans |
Performance Criteria: |
1. Negotiation is undertaken with relevant groups and individuals in ways that |
Element: |
Develop revenue, expenditure and capital investment proposals |
Performance Criteria: |
1. Individuals and groups are given responsibility for the development of |
Learning Outcomes
Refer to competency elements
Details of Learning Activities
In order to achieve learning outcomes, students will participate in the following activities:
• Attend and prepare notes during scheduled classes.
• Participate in class discussions.
• Research using internet, prescribed text and/or recommended references.
• Access materials online
• Prepare out of class answers to class exercises involving theory based tasks, problem solving tasks, case studies/simulations or multiple choice questions.
• Complete required assessment tasks.
• Use software to process business transactions.
Teaching Schedule
Week and Beginning date
Topic
Resources
Competencies
Week 1 – 6th July
Introduction to the Course
Topic 1 – Introduction to Budgeting
Chapter 1
Underpinning Knowledge
Week 2 – 13th July
Topic 2 – Accounting Concepts
Chapter 2
Underpinning Knowledge
Week 3 – 20th July
Topic 2 – Accounting Concepts
Chapter 2
Underpinning Knowledge
Week 4 – 27th July
Topic 3 – Strategic Opportunities, Building Agreement & Systems & Resources
Chapters 1, 6 & 7
BSBMGT503A/01 &
BSBMGT503A/03
Week 5 – 3rd August
Test 1
Assignment available to class
Week 6 – 10th August
Topic 4 – Budgets and Plans - Theory
Chapters 3 & 4
BSBMGT503A/02
Week 7 – 17th August
Topic 4 – Budgets and Plans - Manufacturing
Chapter 3
Application of Knowledge
Week 8 – 24th August
Topic 4 – Budgets and Plans - Trading
Chapter 3
Application of Knowledge
VACATION
MID SEMESTER BREAK
31/8 – 4/9/2009
Week 9 – 7th Sept
Topic 4 – Budgets and Plans - Service
Chapter 3
Application of Knowledge
Week 10 – 14th Sept
Topic 4 – Budgets and Plans – Cash Flow
Chapter 3
Application of Knowledge
Week 11 – 21st Sept
Topic 4 – Budgets and Plans – Budgeted Financial Statements
Chapters 2 & 3
Application of Knowledge
Week 12 – 28th Sept
Topic 5 – Financial Mathematics
Chapter 13
Underpinning Knowledge
Week 13 – 5th Oct
Topic 6 – Capital Expenditure Proposals
Chapter 15
BSBMGT503A/02
Week 14 – 12th Oct
Topic 6 – Capital Expenditure Proposals
Assignment Due
Chapter 15
BSBMGT503A/02
Week 15 – 19th Oct
Topic 7 – Budget Proposals and the Monitoring Process
Chapter 15
BSBMGT503A/02
Week 16 – 26th Oct
Case Studies Due
Test 2
Week 17 – 2rd Nov
Melbourne Cup Public Holiday
Week 18 - 9th Nov
Resits and Retests
Learning Resources
Prescribed Texts
Managing Finance, Manage Budgets and Financial Plans. 4th Edition. Anandarajah/Aseervatham/Reid. Pearson Education Australia |
9781442502680 |
References
Other Resources
Online Learning Materials
Online learning materials can be accessed by going to the RMIT website, clicking on Students, under IT Information and Services there is a link to the Online Learning Hub. www.rmit.edu.au/online Log in and click on ACCT5149C – Prepare Budgets and Financial Plans.
It is essential to have access to an internet connected computer outside of class times. Internet connected computers are available in the Business Labs on Level 3 of Building 108, 239 Bourke Street, Melbourne.
Useful Website
http://www.rmit.edu.au/library This website is a useful resource for assessment tasks.
Overview of Assessment
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
Important Points
All assessments are graded. To pass the course, students must submit and pass each individual assessment task and achieve competency in all course elements and have a total mark of not less than 50%.
Assessments will incorporate a variety of methods including in-class exercises, written tests, an assignment and case studies.
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 met. Students will be provided with more than one opportunity to demonstrate competence.
Students will be provided with more than one opportunity to demonstrate competence.
Assessment Task 1
In-class Closed Book Test 1
Week 5
Mark Value 10%
Individual assessment. Test takes place during class time. Test time will be 2 hours.
This assessment addresses competency elements:
BSBMGT503A/01 – Analyse strategic and operational plans; BSBMGT503A/03 – Build agreement for budgets & financial plans and
Underpinning Knowledge.
Topics 1, 2 and 3. – Introduction, Accounting Concepts, Strategic Opportunities, Building Agreements & Systems & Resources.
Assessment Task 2
In-class Closed Book Test 2
Week 16
Mark Value 20%
Individual assessment. Test takes place during class time. Test time will be 2 hours.
This assessment addresses competency elements:
BSBMGT503A/02 – Develop revenue, expenditure and capital investment proposals, and Underpinning Knowledge.
Topics 4, 5, 6, and 7 – Financial Mathematics, Budgets & Plans, Budgeting Proposals & the Monitoring Process & Capital Expenditure Proposals .
Assessment Task 3
Assignment
Due Week 14
Mark Value: Individual Mark 30%
Students will be provided with a workplace situation requiring the preparation of budgets.
This assessment addresses competency elements:
BSBMGT503A/01 - Analyse strategic and operational plans; BSBMGT503A/02 – Develop revenue, expenditure and capital investment proposals; BSBMGT503A/03 - Build agreement for budgets and financial plans; Application of knowledge and Topic 4 - Budgets and Plans.
Assessment Task 4
Case Studies (5)
Due Week 16
Mark Value 20%
Individual assessment. Five case studies from the text book to be completed out of class time during the semester.
This assessment addresses competency elements:
BSBMGT503A/01 – Analyse strategic and operational plans; BSBMGT503A/02 – Develop revenue, expenditure and capital investment proposals & BSBMGT503A/03 – Build agreement for budgets and financial plans.
Topics 1 to 7.
Assessment Task 5
In-class Exercises (10)
Throughout Semester
Mark Value 20%
Individual assessment.
Ten exercises are selected throughout the semester from the textbook to be completed during class time.
This assessment addresses competency elements:
BSBMGT503A/01 – Analyse strategic and operational plans; BSBMGT503A/02 – Develop revenue, expenditure and capital investment proposals & BSBMGT503A/03 – Build agreement for budgets and financial plans
Topics 1 to 7.
Assessment Matrix
| Test 1 | Test 2 | Assignment | Case Studies | In-class Exercises | |
| BSBMGT503A/01 Analyse strategic and operational plans |
X | X | X | X | |
BSBMGT503A/02 Develop revenue, expenditure and capital investment proposal. |
X | X | X | X | |
| BSBMGT503A/03 Build agreement for budgets and financial plans. |
X | X | X | X |
Other Information
Other Information
Teacher Contact
Out of class communication to all students will occur using the RMIT student email. It is essential to check your email prior to attending each class.
Consultation times will be made available to you in the first week of classes.
Consultation times may also be arranged via email.
Self Managed Learning
Students will be required to undertake research and assessment practice outside of regular class times. Exercises are provided to the students to facilitate their learning in a self-paced manner and form part of the overall achievement of the competencies in this course. Students are reminded that they are expected to spend an equal amount of time outside of class, furthering their understanding of the concepts being taught, as they do in class, to be deemed competent in this course.
Course Evaluation and Feedback
You will receive ongoing feedback on your progress in the course. Feedback on assessment will be given in a timely manner. You will be informed about how to improve your performance in the competency/course and what you need to do to be deemed competent or to gain a pass in the assessment.
Feedback on the course itself is welcome at any time to the class Teacher, Course Coordinator or Program Coordinator. Periodic Course Evaluation Surveys are also conducted.
Employability Skills
Are the non-technical skills and competencies that are an important part of effective and successful participation in the workplace.
Their inclusion in the training packages represents the progress of competency based training into a system which aims to develop the full range of transferable skills, attitudes and behaviour required for successful participation in the workplace.
These include:
• Communication
• Teamwork
• Problem solving
• Technology
• Planning and Organising
• Initiative and Enterprise
• Self-Management
• Learning
Plagiarism
Plagiarism is the presentation of the work, idea or creation of another person as though it is your own. It is a form of cheating and is a very serious academic offence that may lead to expulsion from the University. Plagiarised material can be drawn from, and presented in, written, graphic and visual form, including electronic data and oral presentation. Plagiarism occurs when the origin of the material used is not appropriately cited. it also occurs through enabling plagiarism, which is the act of assisting or allowing another person to plagiarise or to copy your own work. Please make sure you consider this carefully in completing all your work and assessments in this course and if you are unsure about whether you might have plagiarised, seek help from your teacher.
Examples of plagiarism include:
• Copying sentences or paragraphs word-for-word from one or more sources, whether published or unpublished, which could include but is not limited to books, journals, reports, theses, websites, conference papers, course notes, etc. without proper citation;
• Piecing together text from one or more sources and adding only linking sentences;
• Copying or submitting whole or parts of computer files without acknowledging their source;
• Copying a whole or any part of another student’s work; and
• Submitting work as your own that someone else has done for you.
For further information including “Plagiarism (and how to avoid it): Resources for Students” please refer to the Plagiarism section of the RMIT Policies, available at http://www.rmit.edu.au/governance/policies in the Teaching and Learning Policy section.
For information relating to the penalties for plagiarism and cheating, please refer to Regulation 6.1.1 Student Discipline available at http://mams.rmit.edu.au/j4lb68xx36oj1.pdf
Penalties include official reprimand, recording of a failure result or expulsion from the University.
Special Consideration
Special Consideration is a process that enables the University to take account of unexpected circumstances such as illness, injury or bereavement that affect a student’s performance in assessment. Special Consideration can be applied for to obtain:
a) Alternative Assessment
b) Extension of Time
c) Equitable Assessment Arrangement
d) Deferred Assessment
You may apply for special consideration up to and no later than 48 hours (2 working days) after the due date for assessment. Forms are available from BTS Reception on Level 13 or from http://www.rmit.edu.au/students/forms
Grounds for special Consideration may include illness, accident, bereavement, hardship/trauma. All supporting documentation must be included with your application. Completed forms must be addressed submitted to the Hub on Level 4 Building 108. Further information can be accessed from http://www.rmit.edu.au/students/specialconsideration
Relevant previous study or work/life experience and credit in this course
RMIT University recognises nationally accredited or endorsed qualifications and Statements of Attainment issued to the student by other Registered Training Organisations (RTO’s).
Also, RMIT provides credit for work experience or other forms of life experience that match the learning outcomes/competencies of RMIT courses. You must provide evidence that is current, relevant valid, and verifiable that your experience matches the learning outcomes/competencies of the relevant course for which you are seeking credit. This evidence may include formal qualifications (certificates, etc); work samples; references; documents, etc. Please speak to your teacher before applying.
To apply, you should obtain an RPL Information Sheet from BTS Reception on Level 13. Forms are also available at Reception or from the RMIT Website at http://www.rmit.edu.au/student-records/studentforms . You should complete the appropriate form (RPL and/or Credit Transfer), attach the relevant supporting documentation and submit to the Program Coordinator via Level 13 reception within one month of enrolling.
Assessment Cover Sheet
Note, if requested by your teacher, you must complete a hardcopy of the RMIT coversheet with your assessment submissions: http://mams.rmit.edu.au/rbkf8knmzbla1.doc.
IMPORTANT- it is the responsibility of each student to ensure they have read and are aware of RMIT Academic Policies and Procedures. Further details can be obtained from your student diary and the RMIT website. If you have any queries please contact your teacher
Course Overview: Access Course Overview