Course Title: Provide financial and business performance information
Part B: Course Detail
Teaching Period: Term1 2009
Course Code: ACCT5240C
Course Title: Provide financial and business performance information
School: 650T TAFE Business
Campus: City Campus
Program: C5205 - Diploma of Financial Services
Course Contact : Michael Elliot
Course Contact Phone: +61 3 9925 5519
Course Contact Email:michael.elliot@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
MIchael Elliot
- Course Co-ordinator
- Level 14 Buil;ding 108
- Tel 61 3 9925 5519
- email: michael.elliot@rmit.edu.au
Craig Kingsley
- Level 14 Building 108
- Tel: 61 3 9925 5456
- email: craig.kingsley@rmit.edu.au
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
None
Course Description
This course covers the competencies to estimate and analyse an organisation’s financial position and performance.
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: |
FNSACCT501B Provide financial and business performance information |
Element: |
FNSACCT501B/01 Assess client needs |
Performance Criteria: |
1. Expectations and objectives of client are clarified and confirmed to ensure mutual understanding of client goals. |
Element: |
FNSACCT501B/02 Analyse data |
Performance Criteria: |
1. Advice on reliability and accuracy of data is sought from appropriate authorities and sources in accordance with organisational procedures. |
Element: |
FNSACCT501B/03 Prepare advice |
Performance Criteria: |
1. Advice provides client with a realistic view of financial performance and compliance, including significant taxation issues and comparisons of alternative options. |
Learning Outcomes
On completion of this course, a student should be able to understand and provide basic financial and business performance information to various entities.
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 and problem solving exercises
• Research using the internet, industry contacts and prescribed/recommended references.
• 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
Teaching Schedule
Week beginning | Topic | Assessment tasks |
Week 1 - 9 Feb |
Introduction to Course, Introduction to Performance Indicators | |
Week 2 - 16 Feb | Long term stability (leverage) ratio analysis, Utilisation (activity) ratio analysis | |
Week 3 - 23 Feb | The turnovers, benchmarks and problems with use, Profitability Indicators using ratio analysis: ROA and the profit margins | Short term stability (liquidity) ratio analysis Assignment out |
Week 4 - 2 March | Profitability Indicators using ratio analysis: ROI and the interrelationship between gearing and profitability | |
Week 5 - 9 March | Profitability Indicators using ratio analysis: ROI and the interrelationship between gearing and profitability | |
Week 6 - 16 March | Comprehensive Exercises | |
Week 7 - 23 March |
Assessment - Test | Test |
Week 8 - 30 March | Review of test | |
Week 9 - 6 April | Valuation ratio analysis: PER, dividend and earnings yields, and NTAB |
|
Easter break 9th to 15 April inclusive | ||
Week 9 - 13 April | Valuation ratio analysis: PER, dividend and earnings yields, and NTAB | |
Week 10 - 20 April | Compare the actual results against a profile gathered using industry benchmarks | Assignment due |
Week 11 - 27 April | Evaluate your business”: “Develop Performance Measurement (using a balanced scorecard)” | Specific other measures for your business Case study out |
Week 12 - 4 May | ““Develop Performance Measurement (using a balanced scorecard)” | |
Week 13 - 11 May | Triple Specific other measures for your business, Bottom Line Accounting | |
Week 14 - 18 May | Using Published Reports to gauge Performance | |
Week 15 - 25 May | Work on case study | |
Week 16 - 1 June | Performance management Case study due | Performance management Case study due |
Week 17 - 8 June | Feedback- course/tests/competencies |
Learning Resources
Prescribed Texts
Course Notes: |
References
Notes and Exercises will be made available on DLS. |
Other Resources
Overview of Assessment
A student must demonstrate a clear understanding of all elements of the required competencies to be deemed competent. Assessment may include a variety of methods including tests, workbooks, assignments, presentations, class exercises, etc.
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
Test 30%
Assignment 50%
Case study 20%
To achieve a pass result in this course students MUST gain a pass in each assessment task.
Assessment Matrix
Performance element | Test | Assignment | Case Study |
Assess client needs | Y | Y | Y |
Analyse data | Y | Y | Y |
Prepare advice | Y | Y | Y |
Other Information
Course Description
This unit requires the skills and knowledge required to provide Financial and Business Performance Information. The unit covers assessing client needs, analysing data and preparing advice.
National/Module Code FNSACCT501B
National/Module Title Provide Financial and Business Performance Information
This program will also incorporate elements of Employability Skills. Various skills may include communication, problem solving, initiative and enterprise, planning and organising, self management, learning and technology
Course Overview: Access Course Overview