Course Title: Provide financial and business performance information

Part B: Course Detail

Teaching Period: Term1 2012

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

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


1. 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.


2. 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.


3. 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

In this course students will undertake a range of learning activities, which will include:
An initial introduction to topics and techniques via teacher directed learning, tutorial-based discussion groups, role-plays to explore individual reactions to particular situations, a group project (case-study, tutorial exercises in order to develop competency including underpinning skills and knowledge.

Teaching Schedule


Week Commencing

   1 6th Feb

Introduction to Course Orientation

Pre-training review: • RPL /LLN
Familiarisation with: • Program • Services/facilities • Other students • Teacher(s) • Where to get support
• Student responsibilities • Course requirements • Course support documents • Pre-reading • Blackboard
• Overview of assessment requirements • Grading • Plagiarism • Appeals • Extensions • Feedback
• Privacy • Submission requirements • Resubmission policy 

Communication & Financial Management

Chapter 5 Lecture 1 -Tutorial 1

   2 13th FebGoal & Function of Financial Management
Chapter 1
Lecture 2 -Tutorial 2
   3 20th FebSources of Financing
Chapter 3
Lecture 3 - Tutorial 3
   4 27th FebSources of Financing
Lecture 4 - Tutorial 4
   5 5th MarchAnalysis of Financial Statements
Lecture 5 - Tutorial 5

 12th March

(Monday labour day)

 No Class (Monday) 
   7 19th MarchAnalysis of Financial Statements
Lecture 6 - Tutorial 6
   8 26th MarchWorking Capital Management
Lecture 7 - Tutorial 7
   9 2nd AprilCost of Capital
Chapter 7
Lecture 8 - Tutorial 8
                                                                                       Mid semester break (5 April to 11 April)
99th April                                              No Class/ Mid semester break 
 10 16th AprilCapital Structure Decisions
Chapter 8
Lecture 9 - Tutorial 9
 11 23rd AprilCapital Investment Techniques
Chapter 9
Lecture 10, Tutorial 10
 12 30th AprilFinancing Asset Acquisitions
Chapter 11
Lecture 12 - Tutorial 12
 13 7th MayDividend Policy
Chapter 12
Lecture 13 - Tutorial 13
Assignment Due/ CA/NYC
 14 14th May Revision 
 15 21st May Final class Assessment CA/NYC
 16 28th May Re-submissions if required 
 17 4th June Feedback 

Learning Resources

Prescribed Texts

Wilson, C, Keers, B,, Financial Management Principles and Applications, Pearson Education Australia, 5th Edition.



Other Resources

Lecture and tutorial notes on blackboard and various readings if applicable.

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

Assessment Tasks

You are required to complete 3 tasks. You must successfully complete all 3 tasks to be deemed competent in this unit.

TASK 1 (Due Date: 20th Feb, Week 3)
This will consist of a multiple choice question and short answer assessment. CA/NYC

TASK 2 (Due Date: 7th May, Week 13)
An individual assignment requiring students to conduct research into a financial topic.
The above task will be presented in report format (approx. 300- 500 words per recommendation).

TASK 3 (Due Date: 21st May, Week 15)
A two hour closed book assessment covering Elements 1, 2, & 3.

Submission Requirements
You should:

• Ensure that you submit assessments on or before the due date. If your performance in the assessment is affected by unexpected circumstances, you should consider applying for Special Consideration. Information on the process and application forms is available at;ID=ls0ydfokry9rz website.
• Always retain a copy of your assessment tasks. (hard copy and soft copy)
• When you submit work for assessment at RMIT University you need to use a cover sheet that includes a declaration and statement of authorship. You must complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work. On the cover sheet you declare that the work you are presenting for assessment is your own work. An assignment cover sheet for submission of work for assessment is available on blackboard.
• Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers. For example, Julie Macpherson, 324567, Task 2, OHS2345C Ensure safe workplace, Page 1 of 10.

Marking Guide (competency):

Vocational Education and Training (VET) is based on current industry needs and the focus on preparing you for the workplace. Because VET courses are informed by practical application of knowledge and skills, they are based on a system known as ‘competency based training’ (CBT). So when you are assessed in VET it is about whether you are competent to do the job, as well as having a firm grasp on the knowledge and skills required to do that job, as opposed to traditional curriculum based education settings that are often based on knowledge retention.

You need to demonstrate you are competent in each element of the unit of competency you are studying.

You will receive feedback on each assessment task that will inform you whether you are competent or not and how well you are performing. Once competent in all elements of the unit you receive a competency grading.

Please refer to the Final Grades table below.

Marking Guide (Grading)

After achieving competency we then grade your performance in the unit; this gives you the opportunity to have the level of your performance formally recognized against industry standards and employability skills.

The grading is according to the following criteria:


We are looking for a high level of ability to complete all tasks independently as per the specifications as well as demonstrating a high level of initiative in your approach to job roles such as accountant and financial planner.


We are looking for depth of understanding of the key concepts and knowledge required in accessing and managing financial services information, accessing financial product and services information and interpreting documentation


We are looking for appropriate use of technology to assist in presenting all tasks clearly and suitable for the intended audience. You also need to show an understanding of the kinds of problems that can arise in managing client services or reporting and to develop options to resolve these issues when they arise.


We expect to see ongoing uploading of information that is relevant to the unit, full utilisation of Blackboard as per course requirements and timely submission of all required assessment tasks. Teamwork skills
problem solving skills to identify any issues that have the potential to impact on organisational skills, including the ability to plan and sequence work.


We expect to see contributions to relevant discussions and scheduled classroom sessions. In addition your tasks should demonstrate a very good understanding of strategies for well-developed literacy skills for analysing information on client needs and preparing clear written advice, plans and reports.

Final Grades table:

CHD Competent with High Distinction
CDI Competent with Distinction
CC Competent with Credit
CAG Competency Achieved – Graded
NYC Not Yet Competent
DNS Did Not Submit for assessment

Further information regarding the application of the grading criteria will be provided by your teacher.

Assessment Matrix

Course Overview: Access Course Overview