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

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


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


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

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


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



URL: 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