Course Title: Develop and implement financial strategies

Part B: Course Detail

Teaching Period: Term1 2010

Course Code: ACCT5271C

Course Title: Develop and implement financial strategies

School: 650T TAFE Business

Campus: City Campus

Program: C6072 - Advanced Diploma of Accounting

Course Contact : Arie Herrnstadt

Course Contact Phone: +61 3 9925 5897

Course Contact Email:arie.herrnstadt@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Arie Herrnstadt, Course Coordinator
+61 3 9925 5897
arie.herrnstadt@rmit.edu.au

John Calabro
+61 3 9925 5464
john.calabro@rmit.edu.au

David de Garis
+61 3 9925 5490
david.degaris@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

None

Course Description

The unit covers the competency to develop and implement long term plans for the optimisation of financial outcomes for an organisation.

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:

FNSACCT610B Develop and implement financial strategies

Element:

FNSACCT610B/01 Review data

Performance Criteria:

1. Costs of, and returns from, assets and liabilities are analysed using standard accounting techniques to identify extent of debt and equity financing.
2. Data identifies costs of different forms of capital to the organisation.
3. Asset and liability estimates and valuation criteria are standardised and regularly adjusted in line with changes to environmental factors.

Element:

FNSACCT610B/02 Determine options

Performance Criteria:

1. Long and short term periods are established for the organisation by reference to strategic goals, cash flow requirements and operational objectives.
2. Long term financing requirements are identified and costed in line with the organisation’s expected revenue returns, cash flows and asset base.
3. Sources of financing are researched and evaluated to determine compatibility with the organisation’s finance strategy.
4. Investment analysis and financial planning requirements are identified and analysed.

Element:

FNSACCT610B/03 Implement strategies

Performance Criteria:

1. Financial plans are structured to meet strategic goals and provide returns within long and short term operational objectives.
2. Short and long term objectives for organisation’s capital structure are developed in line with operational strategic plans.
3. Internal control procedures are established in consultation with stakeholders to support implementation and to meet possible emergencies.
4. Portfolio management techniques are applied.

Element:

FNSACCT610B/04 Evaluate outcomes

Performance Criteria:

1. Interrelationships between long and short term objectives are monitored to ensure consistency of returns between operational and investment plans.
2. Costs and returns are assessed to determine ongoing viability of strategy.
3. Tax efficiency of financial strategy is regularly reviewed to maintain optimal returns from assets.

Learning Outcomes



Details of Learning Activities

Lecture sessions, tutorial sessions (and out-of-class research and homework)


Teaching Schedule

Week                    Topics / Learning Activities
for 1 session of 3 hours                                                                                                                 
Assessment Tasks / Elements                                             
Week 1 –
8 Feb		 Asset values and ROI: micro and macroeconomic factors Element 1.1-3, 3.1-3
2 – 15 Feb Market demand Element 2.2, 4.2
3 – 22 Feb Market supply Element 2.2, 4.2
4 – 1 March Market Prices/ Equilibrium Element 2.2, 4.2
5 – 8 March Market Prices/ Equilibrium Element 2.2, 4.2
6 – 15 March Price elasticity and marketing strategy Element 2.2, 4.2
7 – 22 March Market structures and strategy Element 2.2, 4.2
8 – 29 March Assessment 1 Assessment 1
9 – 12 April Australian Financial System Element 2.3
10 – 19 April Australian Financial Markets Elements 2.3, 3.3, 4.1
11 – 26 April Corporate debt market Elements 2.1-3, 3.1-2
12 – 3 May Equity market Element 2.3
13 – 10 May Capital gearing, sources of finance and tax effects Element 1.2, 2.3, 2.4, 3.1, 3.2, 4.1-3
14 – 17 May Revision  
15 – 24 May Presentation: Financing strategy Assessment 2
16 – 31 May Project feedback and Revision  
17 – 7 June Final Test Assessment 3 – 100%


Learning Resources

Prescribed Texts

Nil


References

Nil


Other Resources

Nil


Overview of Assessment

Assessment may incorporate a variety of methods including technical requirements documentation, homework, assignments, group and/or individual projects, in class exercises, written and practical tests, problem solving exercises, presentations, direct observation of actual and simulated work practice, presentation of a portfolio of evidence which may comprise documents, and/or photographs and/or video and audio files, review of products produced through work-based or course activities.

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 1 Test C/NYC

Group Presentation C/NYC

Final Test 100%


Assessment Matrix

FNSACCT610B – Develop and implement financial strategies Assessment    1 Group presentation – Week 15                                             Final test – Week                            17
(100%)
Element 1: Review data Yes Yes  
Element 2: Determine options Yes Yes  
Element 3: Implement strategies Yes Yes  
Element 4: Evaluate outcomes   Yes  

Other Information

Competency and grading requirements:
Assessment methods have been designed to measure achievement of each competency in two types of assessments. To be deemed competent students must demonstrate an understanding of all elements of a competency.
Students are advised that they will be asked to personally demonstrate their assessment work or competency (verbally and/or in writing) to their teacher to ensure that the relevant competency standards are being met.
The two assessments for this course must be completed to achieve CA (Competency Achieved).
Students with a NYC (Not Yet Competent) will only be given one more opportunity to demonstrate and achieve competency for either or both of the two assessments, within a week of the initial assessment, or at a time specified by the teacher.
An optional final test will be offered to students seeking grading (from Pass to High Distinction). This will only be available to students who have achieved a CA in both of the first two assessments.

Course Overview: Access Course Overview