Course Title: Price financial transactions

Part B: Course Detail

Teaching Period: Term2 2010

Course Code: ACCT5284C

Course Title: Price financial transactions

School: 650T TAFE Business

Campus: City Campus

Program: C5205 - Diploma of Financial Services

Course Contact : Clem Simonetto

Course Contact Phone: +61 3 9925 5426

Course Contact Email:clem.simonetto@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Arie Herrnstadt
Phone: 03 9925 5897
Fax: 03 9925 5986
arie.herrnstadt@rmit.edu.au / a.herrnstadt@rmit.edu.au

Clem Simonetto
Phone: 03 9925 5426
Clem.simonetto@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

There are no pre-requisites and co-requisites.

Course Description

This unit of competency covers the skills and knowledge required to research and analyse market information to determine the price of financial products. It will provide students with an understanding of the macroeconomic environment and enable them to identify and explain movements in aggregate economic variables and their effects upon the price of financial products. This includes an examination of government monetary, fiscal and external policy.

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:

FNSFMKT601B Price financial transactions

Element:

FNSFMKT601B /01 Compile financial information and data

Performance Criteria:

1.1 Sources of financial data relating to financial products and financial markets are identified for analysis purposes.
1.2 Relevant financial data on financial products and financial markets is collected according to organisational practices.
1.3 Financial data is analysed to evaluate current market position and review data against the financial products.

Element:

FNSFMKT601B /03 Record financial transaction

Performance Criteria:

2.1 Financial products are analysed utilising standard financial market investment concepts, against evaluated financial market data.
2.2 Evaluated financial product data is reviewed against the current market position of the financial product.
2.3 Financial market product price is reviewed against client requirements and credit rating.
2.4 Financial transaction price is formulated using standard organisational practices.
2.5 Client is advised of financial transaction price in accordance with organisational guidelines.

Element:

FNSFMKT601B/02 Analyse and make prices

Performance Criteria:

3.1 Client acceptance of financial transaction price is confirmed according to organisation requirements.
3.2 Relevant organisational transaction documentation is completed as necessary.
3.3 All transaction details are entered into organizational dealing systems.


Learning Outcomes


Refer to Performance Elements listed in Part A and the Performance Criteria in Part B.

Additionally this unit incorporates Knowledge requirements:
• knowledge of financial market products
• the economic environment, including:
• characteristics and impacts of economic and business cycles
• government monetary and fiscal policies
• interest rates, exchange rates, inflation
• knowledge of financial markets operating software systems
• understanding of risk and implications of financial positions
• understanding of mathematical principals and methodologies

 


Details of Learning Activities

To achieve the learning outcomes of the course students are required to participate in the learning activities listed below:

• Attendance at and note taking during teacher directed learning;
• Reading of and note taking from the prescribed textbook and other references;
• Completion of tutorial exercises. Tutorial exercises consist of practical problems, short answer questions, multiple choice, case studies and extension exercises;
• Attendance, participation and discussion in class;
• Optional consultation with academic staff;
• Completion of three (3) assessment tasks as indicated below.


Teaching Schedule

Week beginningTopics
Week 1 Topic 1: Introduction to the course and economic fundamentals
Week 2Topic 2.1: Characteristics and impacts of economic and business cycles; Circular flow of income
Week 3Topic 2.2: Characteristics and impacts of economic and business cycles; GDP and the Business Cycle
Week 4Topic 2.2: Characteristics and impacts of economic and business cycles; GDP and the Business Cycle. Assignment distributed.
Week 5Topic 2.3: Characteristics and impacts of economic and business cycles; Aggregate demand and economic fluctuations. Knowledge requirement: interest rates, exchange rates.
Week 6Topic 3: Unemployment, labour market and Inflation. Data requirements including: labour force, unemployment rate.
Week 7Topic 3: Unemployment, labour market and Inflation. Data requirements including: labour force, unemployment rate.
Week 8 Assessment: Class Test (20%) on Topics 1, 2 and 3.
Week 9Topic 4.1 Money Supply and its impact on economic and business activity and cycles
Week 10Topic 4.2 Monetary policy. Knowledge of financial markets, financial products and investment including securities/bonds; financial transactions.
Week 11Topic 4.2 Monetary policy. Knowledge of financial markets, financial products and investment including securities/bonds; financial transactions.
Week 12Topic 5. Fiscal policy. Assignment due
Week 13Topic 5. Fiscal policy. Knowledge requirement, including financial products and investment including securities/bonds; financial transactions.
Week 14Topic 6. Exchange rates.
Week 15Revision
Week 16Assessment: Final graded test (60%) on the course
Week 17Feedback on assessment


Learning Resources

Prescribed Texts

Recommended Text
Layton, Robinson and Tucker, Economics for today, 3rd Asia Pacific edition, Cengage Learning Australia, Melbourne


References


Other Resources

Learning support materials are made available on the Online Learning Hub www.rmit.edu.au/online.

Access to an Internet connected computer outside of class times – Internet connected computers are available in the Business Portfolio labs on Level 3 of Building 108, 239 Bourke Street Melbourne.


Overview of Assessment

Assessment tasks will include the following:
1. Mid-Semester and Final Test . These will consist of short answer questions, problem solving case-studies and multiple-choice questions.
2. A group assignment that will focus on your ability to identify macroeconomic factors that impact on the value of a financial transaction. It will demonstrate the student’s ability to identiify and analyse the factors that determine the price of a financial transaction covered in the course such as a share and / or financial security (bond).

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

Class Test in week 8
In class closed book test, 1 hour 15 minutes duration. The test will consist of a combination of case study and short answer questions and will assess performance element 1 and the knowledge requirements.
It comprises 20% of the assessment for the course.  Students will be assessed as CA Competent if they successfuly complete this assessment or NYC Not yet competent.

Group Assignment due in week 12
The group assignment will require student working in groups to compile and analyse financial information and data in order to evaluate and price financial products for a client. It will assess the performance criteria of the unit and the knowledge requirements.
It comprises 20% of the assessment for the course.  Students will be assessed as CA Competent if they successfully complete this assessment or NYC Not yet competent.


Final Test in week 16
It will consist of a combination of multiple choice, structured short answer and extended answer questions. It will assess the performance elements and the knowledge requirements. It will comprise 60% of the weighting of the course.



Assessment Matrix

FNSFMKT601B Price financial transactions


Class Test

Group
Assignment

Final Test
Element 1: Compile financial information and data Y YGrading only
Element 2: Analyse and make prices   YGrading only
Element 3: Record financial transaction  YGrading only

Other Information

Competency and grading requirements:
To be deemed competent students must demonstrate an understanding of all elements of a competency. Assessment methods have been designed to measure achievement of each competency in a flexible manner over multiple tasks. 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.

All competency based assessments for this course must be completed to achieve CA. Each assessment task will also carry a numerical weighting to be used for grading purposes. The grade applied to this weighting will only be awarded if a CA has been achieved in all compulsory assessment tasks.

If a student has been marked NYC (Not Yet Competent) in any of the assessment tasks, the weighting will carry no value until the student has obtained CA. If a CA is achieved on re-assessment then a maximum mark of 50% of the original weighting will be granted for that assessment.

Reassessments will only be granted to students who were either unsuccessful in the first attempt or have an approved special consideration application.

A final test worth 50% will be offered to students who have achieved CA.

Course Overview: Access Course Overview