Course Title: Price financial transactions
Part B: Course Detail
Teaching Period: Term2 2011
Course Code: ACCT5284C
Course Title: Price financial transactions
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
Phone: 03 9925 5897
Fax: 03 9925 5986
arie.herrnstadt@rmit.edu.au / a.herrnstadt@rmit.edu.au
Claudio Marasco
claudio.marasco@rmit.edu.au
61 3 9925 1651
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
There are no pre-requisites and co-requisites.
Course Description
This unit requires the application of skills and knowledge required to price financial transactions. The unit encompasses compiling financial information and data, analysing and making prices and recording financial transactions.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSFMKT601B Price financial transactions |
Element: |
1. Compile financial information and data |
Performance Criteria: |
1.1 Sources of financial data relating to financial products and financial markets are identified for analysis purposes. |
Element: |
2. Analyse and make prices |
Performance Criteria: |
2.1 Financial products are analysed utilising standard financial market investment concepts, against evaluated financial market data. |
Element: |
3. Record financial transaction |
Performance Criteria: |
3.1 Client acceptance of financial transaction price is confirmed according to organisation requirements. |
Learning Outcomes
Details of Learning Activities
To achieve the learning outcomes of the course students are required to participate in the learning activities listed below:
• Attendance at and note taking during teacher directed learning;
• Reading of and note taking from the prescribed textbook and other references;
• Completion of tutorial exercises. Tutorial exercises consist of practical problems, short answer questions, multiple choice, case studies and extension exercises;
• Attendance, participation and discussion in class;
• Optional consultation with academic staff;
• Completion of three (3) assessment tasks as indicated below.
Teaching Schedule
| Week beginning | Topics | Elements |
| Week 1 | Topic 1: Introduction to the course and economic fundamentals | Element 1 and knowledge requirements |
| Week 2 | Topic 2.1: Characteristics and impacts of economic and business cycles; Circular flow of income | Element 1 and knowledge requirements |
| Week 3 | Topic 2.2: Characteristics and impacts of economic and business cycles; GDP and the Business Cycle | Element 1 and knowledge requirements |
| Week 4 | Topic 2.2: Characteristics and impacts of economic and business cycles; GDP and the Business Cycle. Assignment distributed. | Element 1 and knowledge requirements |
| Week 5 | Topic 2.3: Characteristics and impacts of economic and business cycles; Aggregate demand and economic fluctuations. Knowledge requirement: interest rates, exchange rates. | Element 1 and knowledge requirements |
| Week 6 | Topic 3: Unemployment, labour market and Inflation. Data requirements including: labour force, unemployment rate. | Element 1 and knowledge requirements |
| Week 7 | Topic 3: Unemployment, labour market and Inflation. Data requirements including: labour force, unemployment rate. | Element 1 and knowledge requirements |
| Week 8 | Assessment: Class Test (15%) on Topics 1, 2 and 3. | Element 1 and knowledge requirements |
| Week 9 | Topic 4.1 Money Supply and its impact on economic and business activity and cycles | Elements 1, 2 and knowledge requirements |
| Week 10 | Topic 4.2 Monetary policy. Knowledge of financial markets, financial products and investment including securities/bonds; financial transactions. | Elements 1, 2 and knowledge requirements |
| Week 11 | Topic 4.2 Monetary policy. Knowledge of financial markets, financial products and investment including securities/bonds; financial transactions. | Elements 1, 2 and knowledge requirements |
| Week 12 | Topic 5. Fiscal policy. | Elements 1, 2 and knowledge requirements |
| Week 13 | Topic 5. Fiscal policy. Knowledge requirement, including financial products and investment including securities/bonds; financial transactions. Assignment due | Elements 1, 2, 3 and knowledge requirements |
| Week 14 | Topic 6. Exchange rates. | Elements 1, 2 and knowledge requirements |
| Week 15 | Revision | |
| Week 16 | Assessment: Final graded test (60%) on the course |
Learning Resources
Prescribed Texts
Di Stasio and Georgeson, Apply Economic Principles to work in the financial services industry, 2010/11, Better Teams Publications |
References
Recommended Text |
Other Resources
Learning support materials are made available on the Online Learning Hub www.rmit.edu.au/online.
Access to an Internet connected computer outside of class times – Internet connected computers are available in the Business Portfolio labs on Level 3 of Building 108, 239 Bourke Street Melbourne.
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
Class exercise in week 2: In-class or homework exercise on topics covered in weeks 1 and 2. It comproses 5% of the assessment for the course.
Class Test in week 8
In class closed book test, 1 hour 15 minutes duration. The test will consist of a combination of case study and short answer questions and will assess performance element 1 and the knowledge requirements.
It comprises 15% of the assessment for the course. Students will be assessed as CA Competent if they successfuly complete this assessment or NYC Not yet competent.
Individual Assignment due in week 13
The assignment will require students to compile and analyse financial information and data in order to evaluate and price financial products for a client. It will assess the performance criteria of the unit and the knowledge requirements.
It comprises 20% of the assessment for the course. Students will be assessed as CA Competent if they successfully complete this assessment or NYC Not yet competent.
Final Test in week 16
It will consist of a combination of multiple choice, structured short answer and extended answer questions. It will assess the performance elements and the knowledge requirements. It will comprise 60% of the weighting of the course. This assessment is also used to determine the grade students are to receive in the course.
Assessment Matrix
FNSFMKT601B Price financial transactions |
|
Class Test | Group |
Final Test |
| Element 1: Compile financial information and data | Grading | Y | Y | Grading |
| Element 2: Analyse and make prices | Grading | Y | Grading | |
| Element 3: Record financial transaction | Grading | Y | Grading |
Other Information
Competency and grading requirements:
To be deemed competent students must demonstrate an understanding of all elements of a competency. Assessment methods have been designed to measure achievement of each competency in a flexible manner over multiple tasks. 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.
All competency based assessments for this course must be completed to achieve CA. Each assessment task will also carry a numerical weighting to be used for grading purposes. The grade applied to this weighting will only be awarded if a CA has been achieved in all compulsory assessment tasks.
If a student has been marked NYC (Not Yet Competent) in any of the assessment tasks, the weighting will carry no value until the student has obtained CA. If a CA is achieved on re-assessment then a maximum mark of 50% of the original weighting will be granted for that assessment.
Reassessments will only be granted to students who were either unsuccessful in the first attempt or have an approved special consideration application.
A final test will be offered to students who want a final grade in the course and who have achieved CA in the competency based assessments.
Course Overview: Access Course Overview