Course Title: Manage budgets and forecasts
Part A: Course Overview
Program: C5178
Course Title: Manage budgets and forecasts
Portfolio: BUS
Nominal Hours: 50.0
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) |
ACCT5255C |
City Campus |
TAFE |
650T TAFE Business |
Face-to-Face |
Course Contact: Maurice Sheridan
Course Contact Phone: +61 3 9925 5455
Course Contact Email: maurice.sheridan@rmit.edu.au
Course Description
This unit covers the preparation of comprehensive budgets for a Manufacturing business as well as various budget schedules used to provide management with alternatives that enable them to reach decisions regarding the future operations of the business. Students will be expected to know the various costing methods available to management and make an assessment as to the validity of each method.
Pre-requisite Courses and Assumed Knowledge and Capabilities
Nil
This course is clustered with ACCT 5258C Provide management accounting information (FNSACCT507B).
National Competency Codes and Titles
National Element Code & Title: |
FNSACCT503B Manage budgets and forecasts |
Elements: |
1. Prepare budgets |
2. Forecast estimates |
|
3. Document budget |
|
4. Monitor budget outcomes |
Learning Outcomes
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.