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.
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

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 activitiesAssessment
Week 1 - 4 JulyIntroduction: asset values & funding sources 
Week 2- 11 JulyMarket demand1: Assignment 1
Week 3 - 18 JulyMarket supply 
Week 4 - 25 JulyMarket prices/Equilibrium 
Week 5 - 1 AugMarket prices/Equilibrium 
Week 6 - 8 AugPrice elasticity and marketing strategy 
Week 7 - 15 AugMarket structures and strategy 
Week 8 - 22 Aug 2: Test
29 Aug-4 SeptMid 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 1Assessment 2Assessment 3Assessment 4
Element 1 YY 
Element 2 YY 
Element 3 YY 
Element 4  Y 

Course Overview: Access Course Overview