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

Name and Contact Details of All Other Relevant Staff

MIchael Elliot

Craig Kingsley

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


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


FNSACCT501B/01 Assess client needs

Performance Criteria:

1. Expectations and objectives of client are clarified and confirmed to ensure mutual understanding of client goals.
2. The client’s specific legal and financial requirements are identified when establishing, structuring and financing a business.
3. Financial options and processes are discussed with client to develop suitable plans for the provision of information for the achievement of client goals, etc.
4. Progress of plans is reviewed regularly against agreed criteria and results communicated to client
5. Client objectives are monitored to identify changes in client needs
6. Feedback on service is regularly obtained, analysed and incorporated into services to client.
7. Shortfalls in customer service are investigated and proposals for overcoming them are formulated and implemented.


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.
2. Data is compiled in accordance with standard financial reporting requirements.
3. Revenues and costs are analysed in accordance to standard accounting techniques and consistent with the organisation’s objectives
4. All data and reports are analysed in accordance with standard financial analysis techniques
5. Data is reconciled to ensure statements are accurate and comply with organisational procedures and statutory requirements.
6. Information is evaluated in relation to the financial performance of the business, specifically profitability, efficiency, and financial stability
7. Further analysis is undertaken to ensure consistency of analysis with client’s business and personal objectives
8. Further evaluation is undertaken to assess the financial potential of the business, its future funding requirements and its statutory obligations


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.
2. Suitable methods of presentation, language and forms of documentation are used to convey information to client.
3. Advice identifies how risks, contingencies and future cash flows may be identified and quantified
4. Client is advised of risk management options
5. Client is advised of rights and obligations
6. Client is advised on alternative sources and features of short and long term finance

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 beginningTopicAssessment 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 marginsShort 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 - TestTest
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 benchmarksAssignment 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:
Provide Financial and Business Performance Information
Produced by Bruce Phillips (First edition)


Notes and Exercises will be made available on DLS.
Financial Management Principles and Applications 5th edition
Wilson, Keers, Medlen and Walters

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 elementTestAssignmentCase Study
Assess client needsYYY
Analyse dataYYY
Prepare adviceYYY

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