Course Title: Report on finances related to international business
Part B: Course Detail
Teaching Period: Term1 2012
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 : Tim Wallis
Course Contact Phone: +61 3 9925 5423
Course Contact Email:timothy.wallis@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Jeffrey Roseman
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
None
Course Description
This unit describes the performance outcomes, skills and knowledge required to report on finances related to international business activity.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
BSBFIA501A Report on finances related to international business |
Element: |
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 |
Element: |
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 |
Element: |
3. Provide financial business recommendations |
Performance Criteria: |
3.1. Derive recommendations logically and support with evidence in report |
Learning Outcomes
This unit will deliver the ability to compile required financial information; identify and meet compliance requirements of relevant international, Australian and overseas finance regulations; and analyse the financial information to frame recommendations to improve compliance and the effectiveness of international business activity.
Details of Learning Activities
In order to achieve the required outcomes students will participate in the following activities as applicable:
* Attend and prepare notes during scheduled classes
* Participate in class discussions and problem solving exercises
* Locate company reports using the internet, industry contacts and prescribed/recommended references
* Answers to be prepared for inclass activities
* Complete required assessment tasks
Teaching Schedule
Week
1.Introduction to course and administration requirements
2. Accounting Concepts
3. Accounting Process
4. Accounting Reports - Balance Sheet
5. Accounting Reports - Profit and Loss
6. Assessment One due
7. Statement of Cash Flow
8. Ratio Analysis
9. International Financial Reporting
10. Cash Flow techniques
11. Exchange Rates, Currency Conversions Assessment Two due
12. Budgeting and Analysis - Budgets and Preparation
13. Budgeting and Analysis - Variance Analysis
14. Taxes and Financing
15. Revision and Assessment Three
16. Feedback and individual interviews
.
Learning Resources
Prescribed Texts
None |
References
URL:http://www.aasb.com.au AASB The Framework for the Preparation and presentation of Final reports |
Other Resources
Overview of Assessment
Students must demonstrate an understanding of all elements of a particular competency to be deemed competent. Assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.
Assessment will incorporate a variety of methods including assignments, journals, presentation and written or test. 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.
Assessment Tasks
Three assessments conducted in class
Assessment Matrix
Marking Guide (Grading)
After achievement of competency we then grade your performance in this course and this gives you the opportunity to have the level of your performance formally recognised against industry standards and employability skills.
You will receive one of the following grades
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
This grading is in accordance with the following criteria:
1. Level of Independence, Initiative, Enterprise and Performance of Work Task
We are looking for you to demonstrate broad individual research to support your business implementation and complete the stated requirements
2. Demonstrated Breadth of Underpinning Knowledge and a Willingness to Continue Learning
We are looking for your plan to show and demonstrate an excellent understanding of the industry and reference to industry and other relevant documents
3. Techniques and Processes, Technology Skills and Problem Solving
We are looking for you to comply with designated format and presentation of the Major Project
4. Work Organisation, Planning and Self-Management
We expect to see ongoing uploading of information into your document that is relevant to the course with full utilisation of the Blackboard as per course requirements and with timely submission of all required material
5. Communication Skills, People Networking, Language and Interpersonal Skills and Teamwork
We expect to see regular attendance and class involvement in relevant discussions in the scheduled sessions, utilisation of relevant networking tools as outlined in the Blackboard, and your report to be present4ed using appropriate business language,
Course Overview: Access Course Overview