Course Title: Develop and implement financial strategies
Part B: Course Detail
Teaching Period: Term2 2011
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
Max Kaltman
613 9925 1544
max.kaltman@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. |
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. |
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. |
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. |
Learning Outcomes
Details of Learning Activities
In-class activities will account for 51 of the 60 nominal hours allocated to this course and will include class discussion, participation and graded in-class assessments. The remaining 9 hours of self-directed learning will be taken up with work on the assignment outside scheduled class time.
Teaching Schedule
Week beginning | Topic/learning activities | Assessment |
Week 1 - 4 July | Introduction: asset values & funding sources | |
Week 2- 11 July | Market demand | 1: Assignment 1 |
Week 3 - 18 July | Market supply | |
Week 4 - 25 July | Market prices/Equilibrium | |
Week 5 - 1 Aug | Market prices/Equilibrium | |
Week 6 - 8 Aug | Price elasticity and marketing strategy | |
Week 7 - 15 Aug | Market structures and strategy | |
Week 8 - 22 Aug | 2: Test | |
29 Aug-4 Sept | Mid semester break | |
Week 9 - 5 Sept | Capital gearing, sources of finance, tax effects | |
Week 10 - 12 Sept | Equity finance and markets | |
Week 11 - 19 Sept | Financial markets and borrowing costs | |
Week 12 - 26 Sept | Corporate debt and long term finance | |
Week 13 - 3 Oct | Short term finance | |
Week 14 - 10 Oct | 3: Case study presenetation | |
Week 15 - 17 Oct | Revision | |
Week 16 - 24 Oct | 4: Final test | |
Week 17 - 31 Oct | Review and feedback |
Learning Resources
Prescribed Texts
Di Stasio & Georgenson, Apply Economic Principles to work in the financial services industry, Better Teams Publications |
9781921579219 |
References
Other Resources
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 - Week 2 Short assignment graded max grade 5% of totoal mark
Assessment 2 - Week 8 Short answer and multiple choice test CA/NYC
Assessment 3 - Week 14 Financing strategy case study group presentation CA/NYC
Assessment 4 - Week 16 Financial graded test 95% of total mark
Assessment Matrix
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
Element 1 | Y | Y | ||
Element 2 | Y | Y | ||
Element 3 | Y | Y | ||
Element 4 | Y |
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