Course Title: Report on finances related to international business

Part B: Course Detail

Teaching Period: Term1 2009

Course Code: MKTG5791C

Course Title: Report on finances related to international business

School: 650T TAFE Business

Campus: City Campus

Program: C5219 - Diploma of International Business

Course Contact : Steven Goutzioulis

Course Contact Phone: +61 3 9925 1396

Course Contact

Name and Contact Details of All Other Relevant Staff

Nominal Hours: 70

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 unit describes the performance outcomes, skills and knowledge required to report on finances related to international business activity. No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement

National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBFIA501A Report on finances related to international business


1. Compile financial information

Performance Criteria:

1.1 Identify financial information related to international business activity and separate from domestic business activity for reporting and compliance purposes

1.2 Collect relevant current financial data, convert to currency used in report, and evaluate and code to ensure consistency, quality and accuracy in accordance with organisational requirements

1.3 Use conversion and consolidation procedures to compile analysis in accordance with organisational requirements

1.4 Make, record and disclose asset and liability valuations, in accordance with organisational requirements

1.5 Identify, resolve or refer discrepancies, unusual features or queries to the appropriate authority


2. Ensure compliance with relevant international finance regulations

Performance Criteria:

2.1 Identify financial compliance requirements associated with international business activity for relevant international finance regulations

2.2 Access processes to ensure compliance with financial compliance requirements for relevant international finance regulations, from workplace policies and procedures, and relevant information sources

2.3 Record income and expenditure to ensure compliance with statutory requirements

2.4 Calculate liabilities for tax in accordance with relevant legislation

2.5 Identify relevant receipts, revenue documentation and payments correctly

2.6 Ensure statements and claims take full advantage of available benefits and allowances in accordance with statutory requirements

2.7 Submit statutory requirement reports to appropriate authorities within stated deadlines


3. Provide financial business recommendations

Performance Criteria:

3.1 Derive recommendations logically and support with evidence in report

3.2 Ensure recommendations propose constructive actions to enhance the effectiveness and efficacy of functions and services related to international business activity

3.3 Ensure recommendations are concise and facilitate direction and control of organisation's international operations

3.4 Identify and prioritise significant issues in statements, including comparative financial performances, for review and decision making

3.5 Ensure structure and format of reports are clear and conform to organisational and statutory requirements

Learning Outcomes

On completion of this course of study, students will be able to:

demonstrate the collation and analysis of financial data for the international business operations of an organisation in compliance with Australian, international and overseas financial regulations

create financial reports for an organisation’s international business operations containing recommendations for improvements in both compliance and the efficiency of the organisation’s international business operations

demonstrate knowledge of relevant Australian, international and local legislation and conventions.

Details of Learning Activities

This subject will be presented as a lecture and a tutorial.  You will be expected to compelete exercises from the text aspart of the learning activities.

Teaching Schedule

11 understanding international business.
22 How culture affects international business
 33  Trade & Investment policies & regulation
4 4 Political & Legal environments
55   Economic Integration
6 TEST (weeks 1 – 5)20%  
7 6 Trade theories
8 7       Investment theory & international transactions.
98 Exchange rates & Currencies.
10 9 Assignment Due 20%International financial markets
11 10 Market entry strategies
1211 Market development strategies
13 12 International Marketing strategies
1413 International logistics
15 14  International Management
1615  The future of international business.
 17 Final Test  60%  
18  Resubmissions 

Learning Resources

Prescribed Texts

Fundamentals of International Business 1st Asia-Pacific Edition 2009


Other Resources

Overview of Assessment

A range of assessment methods may be used to assess practical skills and knowledge.

The following examples are appropriate for this unit:

  analysis of responses to case studies and scenarios
  direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate

  observation of presentations of financial performance of international business activities

  observation of techniques used to report on finances related to international trade/business

  oral or written questioning to assess knowledge of principles of accounting and financial systems

  review of recording of income and expenditure

  assessment of asset and liability valuations recorded and disclosed

  assessment of prioritisation of significant issues in statements, for review and decision making.

Assessment Tasks

There will be three (3) assessment tasks, two tests (20 marks and 60 marks) and an assignment (20 marks)

Assessment Matrix

Course Overview: Access Course Overview