Course Title: Prepare financial statements
Part A: Course Overview
Program: C4170
Course Title: Prepare financial statements
Portfolio: BUS
Nominal Hours: 60.0
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.Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
ACCT5195C |
City Campus |
TAFE |
650T TAFE Business |
Face-to-Face |
Term1 2007,
Term1 2008 |
Course Contact: Jenny Seiler
Course Contact Phone: +61 3 9925 1621
Course Contact Email: jenny.seiler@rmit.edu.au
Course Description
This unit covers the competency to identify skills and outcomes associated with the development of financial reports. This unit requires the application of skills and knowledge required to prepare financial statements. The unit encompasses compiling data and preparing reports. The unit can be applied across all sectors of the financial services sector.
As there are no pre-requisites for this unit the course will also include an introduction to accounting and the accounting process.
Pre-requisite Courses and Assumed Knowledge and Capabilities
None
National Competency Codes and Titles
National Element Code & Title: |
FNSACCT405A Prepare financial statements |
Elements: |
Compile data |
Prepare reports |
Learning Outcomes
Upon completion of this course students will have covered the following topics:
• Introduction to accounting
• Introduction to financial statements
• Analysing accounting transactions and determination of the effect on financial reports
• Overview of the accounting system
• Ensuring accuracy of accounting reports
• Financial statements for varying activities or business structures
• Analysis and interpretation of company reports
• Cost volume profit analysis
• Cash budgets and performance reporting
Overview of Assessment
Throughout the semester students will be able to gauge their progress with the completion of and discussion about class exercises. This formative feedback will highlight to students areas in which they may need to do more work to achieve competency.
Assessments may include: short in class exercises, closed book class tests, question and answer activities, assignments and closed book exams.