Course Title: Provide financial and business performance information

Part B: Course Detail

Teaching Period: Term1 2010

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

Ian Nash

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:

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


FNSACCT501B/02 Analyse data

Performance Criteria:

2.1.Advice on reliability and accuracy of data is sought from appropriate authorities and sources in accordance with organisational procedures
2.2.Data is compiled in accordance with standard financial reporting requirements
2.3.Revenues and costs are analysed in accordance to standard accounting techniques and consistent with the organisation's objectives
2.4.All data and reports are analysed in accordance with standard financial analysis techniques
2.5.Data is reconciled to ensure statements are accurate and comply with organisational procedures and statutory requirements
2.6.Information is evaluated in relation to the financial performance of a business, specifically profitability, efficiency and financial stability
2.7.Further analysis is undertaken to ensure consistency of analysis with client's business and personal objectives
2.8.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:

3.1.Advice provides client with a realistic view of financial performance and compliance, including significant taxation issues and comparisons of alternative options
3.2.Suitable methods of presentation, language and forms of documentation are used to convey information to client
3.3.Advice identifies how risks, contingencies and future cash flows may be identified and quantified
3.4.Client is advised of risk management options
3.5.Client is advised of rights and obligations
3.6.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

Activities may include a variety of methods such as tests, workbooks, presentations, class exercises, case studies, assignments, group work, etc.

Teaching Schedule

WeekWeek CommencingTopicAssessment
1Feb 8
 Introduction –Financial management functions / Goal: Profit maximization v Maximise share holders wealth.
Leverage effects on profits, Operating v Financial leverage, capital structure and earnings per share. Spreadsheet revision
2 Feb 15
 Long term planning. Pro forma statements
Financial analysis: Introduction to ratios, areas of performance, Trend analysis and benchmarks, Liquidity ratios.
Develop and prepare spreadsheets
3 Feb 22
 Long term planning. Pro forma statements use with Internal growth rate, Sustainable growth rate.
Financial analysis; Profitability, Gearing and Valuation ratios
Standardise spreadsheets
4 March 1
 Short term planning - working capital requirements / management
Efficiency / utelisation ratios, operating and cash cycles.
Business Plan: Choosing a business idea / setting key business objectives.
Spreadsheet charts
5 March 8
 Short term planning – Accounts receivable management.
In class consultation for assignment one.
Business Plan: Evaluating the business idea.
Spreadsheet logical functions.
 1st meeting with clients (assignment two)
6 March 15
 Short term planning – Inventory management EOQ, reorder points.
In class consultation for assignment one.
Business Plan: Assessing Business Opportunities.
Use spreadsheets
 Assignment One
7 March 22
 All of the above further exercises to consolidate and integrate topics.
Business Plan: Marketing.
Use spreadsheets
8 March 29
  April 5
 Mid Semester Break 
9 April 12

 Weighted average cost of capital
Business Plan: Financial Plan. Standardise and use spreadsheets

10 April 19
 Weighted average cost of capital (WACC); components of WACC, calculation and application of WACC.
Business Plan: Balanced score card. Use Spreadsheets
 2nd meeting with clients (assignment two)
11 April 26
 Long term planning. Financial math and net present value revisited. Cash flow construction for capital budgeting net present value applications. Use spreadsheets
12 May 3
 Long term planning. Financial math and net present value revisited. Cash flow construction for capital budgeting net present value application. Use spreadsheets  
13 May 10
 Risk in capital budgeting
Risk adjusted discount rate, Systematic risk, Various approaches to evaluating risk. Use spreadsheets
 Presentations to clients (assignment two)
14 May 17
 Accounting for leases. Operating Vs Financial Leases and differences in accounting treatment.
In class consultation assignment three. Use spreadsheets
15 May 24
 Evaluation of leases, Borrow and buy Vs Lease.
In class consultation assignment three. Use spreadsheets
16 May 31
17 June 7
 Deferred assessments. Resubmissions. Feedback
 Assignment Three

Learning Resources

Prescribed Texts

Clive Wilson, Bruce Keers, Andrew Medlen, Brain Walters.
Financial Management Principles and Applications, 5th Edition.
Pearson / Prentice Hall.



Other Resources

Lecture materials, Class exercises notes on DLS

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

2 tests at 15% each = 30%
Assignment 1, 25%. Assignment 2, 25%. Assignment 3, 20%.
To gain overall competency, students must show competency in each assignment. A graded result will only be supplied where in addition to competent completion of assignments both tests are completed and the over all cumulative score of all assessments is 50% or greater.

Assessment Matrix

Course Overview: Access Course Overview