Course Title: Produce job costing information

Part B: Course Detail

Teaching Period: Term1 2009

Course Code: COSC5937C

Course Title: Produce job costing information

School: 650T TAFE Business

Campus: City Campus

Program: C4169 - Certificate IV in Financial Services (Accounting)

Course Contact : Ian Nash

Course Contact Phone: 9925 5733

Course Contact Email:ian.nash@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Bruce Phillips

Nominal Hours: 40

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-requisities for this course.

Course Description

This unit covers the competency to calculate and record the job costs of products and services.

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:

FNSACCT402B Produce job costing information

Element:

1. Gather and record operating and cost data

Performance Criteria:

1.1 Data is extracted from established systems

1.2 Data is systematically coded, classified and checked for accuracy and reliability in accordance with organisational policies and procedures

Element:

2. Procuce cost reports

Performance Criteria:

2.1 Costs are assigned to specified products and services

2.2 Data is reconciled to ensure calculations are accurate and comply with organisational procedures

2.3 Cost information advice is sought from all sections of the organisation when formulating budgets

2.4 Structure and format of budgets and reports are clear and conform to management information requirements

2.5 Variances against budget are identified

2.6 Reports are error free, comprehensive and comply with management requirements and organisational practices


Learning Outcomes



Details of Learning Activities

The learning activities will be the completion of exercises designed to assist the students understand the terminology and the skills required to produce job costing information for both products and services.


Teaching Schedule

Week Week Beginning Tutorial Topic as per Student Learning Guide
Learning Outcomes
1 February 9 Topic. Introduction to course including review
of course guide, weekly program and
assessment guide and use of the DLS.		 FNSACCT402B-1
FNSACCT406B-2
2 February 16 Topic. Introduction (cont)
Topic. Terminology		 FNSACCT402B-1
FNSACCT406B-2
3 February 23 Topic. Inventory Management(1) FNSACCT406B-1
FNSACCT406B-2
FNSACCT406B-3
4 March 2 Topic. Stock Ledger card FIFO
Topic. Stock Ledger card WAC 		FNSACCT406B-3
5 March 9 Topic. Inventory Management-(Purchasing
and storage)
Topic. Materials Control		 FNSACCT406B-2
FNSACCT402B-1
 6 March 16 Topic. Materials Accounting
FNSACCT402B-1
7 March 23 Topic. Labour Control
Topic. Labour Accounting		 FNSACCT406B-1
8 March 30 ASSESSMENT WEEK Test One FNSACCT402B-1
FNSACCT406B-1
FNSACCT406B-2
FNSACCT406B-3
9 April 6 Review of Test No 1
Topic. Manufacturing Overhead Control
FNSACCT402B-2
10 April 20 Topic. Accounting for manufacturing
overhead		 FNSACCT402B-1
11 April 27 Topic. Job costing FNSACCT402B-1
12 May 4 Topic. Job costing FNSACCT406B-1
13 May 11 
Topic. Manufacturing Statements
Topic. Cost Volume Profit Analysis 		 FNSACCT402B-2 
14  May 18  Topic Fixed Asset Management
Topic. Capital Expenditure Evaluation		 FNSACCT406B-4
FNSACCT406B-5
FNSACCT406B-6 
15 
 May 25  Topic Capital Expenditure Evaluation  FNSACCT406B-1 
16  June 1 ASSESSMENT WEEK Test two FNSACCT406B-4
FNSACCT406B-5
FNSACCT406B-6
FNSACCT402B-1
FNSACCT402B-2 
17  June 8 Retests 
  
18 June 15 Retests and Feedback – course/tests/competencies
 


Learning Resources

Prescribed Texts

Management Accounting  principles and applications 4th Edition by Jill Hart and Clive Wilson Pearson Ed


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.  

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

There will be two (2) closed books tests which are based on the work covered in class and additional reading as directed by the class teacher.


Assessment Matrix

Element Test one Test two Re-submission available
ACCT402B-1 yes   yes
ACCT402B-2   yes yes

 

Element Test one Test two Re-submission available
ACCT406B-1 yes   yes
ACCT406B-2 yes   yes
ACCT406B-3 yes   yes
ACCT406B-4   yes yes
ACCT406B-5   yes yes
ACCT406B-6   yes yes

Other Information

This course is taught as a cluster with ACCT5251C Maintain Asset and Inventory records.  Both subjects are assessed with the two tests and the same score is given for both units.

For details of ACCT5251C please refer to the "Part B".  The timelines etc. in this document are not applicable to this cluster of courses.

Course Overview: Access Course Overview