Course Title: Prepare business advice on export Free on Board Value

Part B: Course Detail

Teaching Period: Term1 2012

Course Code: MKTG5799C

Course Title: Prepare business advice on export Free on Board Value

School: 650T TAFE Business

Campus: City Campus

Program: C4222 - Certificate IV in International Trade

Course Contact : Tim Wallis

Course Contact Phone: +61 3 9925 5423

Course Contact Email:timothy.wallis@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Barry Whyms

Nominal Hours: 30

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 required

Course Description

This course applies to individuals with a broad knowledge of international trade who have a requirement to maintain relevant knowledge and skills by recognising the limits of their own experience and knowledge, and organising learning in order to collect, analyse, apply and review information required for specific complex tasks or projects.
 


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBINT407B Prepare business advice on export Free on Board Value

Element:

1. Adjust invoice price

Performance Criteria:

1.1. Identify the buyer and seller
1.2. Identify the relevant contract and export invoice
1.3. Consider definitions and differences in definitions of FOB value in determining FOB value of goods being exported from Australia
1.4. Identify the International Commercial Terms INCOTERMS relevant to the contract
1.5. Identify the party to the sales contract responsible for Australian export formalities from INCOTERMS

Element:

2. Calculate export FOB value, applying currency conversion principles

Performance Criteria:

2.1. Identify the components that constitute the price, in Australian or foreign currency, paid or payable and appearing on the invoice
2.2. Identify INCOTERMS relevant to the invoice
2.3. Identify currency used

Element:

3. Finalise business advice on export FOB value

Performance Criteria:

3.1. Identify adjustments
3.2. Make additions and subtractions to the price

Element:

4. Identify relevant export invoice

Performance Criteria:

4.1. Apportion costs against exported goods using organisational requirements/policies/procedures
4.2. Apply appropriate rate of exchange

Element:

5. Interpret invoice terms and currency

Performance Criteria:

5.1. Complete advice on FOB value field on export entry or declaration
5.2. Check calculations for accuracy and verify as required
5.3. Retain and file completed documentation with relevant personnel in the enterprise
5.4. Pass relevant business advice on to the client


Learning Outcomes


This unit addresses the application of the relevant principles, theory and practice when preparing business advice for a client on the FOB value field on an export entry/declaration.


Details of Learning Activities

Students will be expected to find a product to export from a “real” client. In groups (of no more than 4) students will prepare and present an export plant for the client. Students may hold team meetings within the tutorial time.
Seminars will focus on presenting guest speakers and material from Austrade about exporting.
Students will spend as much time outside of the class researching as inside the classroom. Activities could include guest speakers, site visits and excursions that may be held outside of class time. Students are responsible for entry fees and transportation costs.

This project will give students the opportunity to develop their entrepreneurial skills, to understand the process of international trade and to give practical experience in exporting.


Teaching Schedule

Week

  1. Introuction
  2. Terminology
  3. Terminology
  4. Flow of Documents
  5. Flow of Ducuments/Export Explorer
  6. Export Explorer
  7. Oz Docs
  8. OZ Docs
  9. Oz Docs
  10. Oz Docs
  11. Oz Test
  12. Export Permits
  13. Carnets
  14. Inbound/Outbound Test Revision
  15. Final Assesment
  16. Feedback and Re Sits.  


Learning Resources

Prescribed Texts

None


References


Other Resources


Overview of Assessment

The student must demonstrate an understanding of all elements of a particular competency to be deemed competent. Assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.

Assessment will incorporate a variety of methods including technical requirements documentation, homework and in class exercises, written tests, practical problem solving exercises, presentations and practical tests. 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. 

 


Assessment Tasks

The student must demonstrate an understanding of all elements of a particular competency to be deemed competent. Assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.
Assessment will incorporate a variety of methods including assignments, student interviews, oral presentation and tests. 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.

For a student based at the RMIT BUSINESS campus in Melbourne, Australia in 2011 the assessment will be:

1. Ten Exercises Individual Mark
2. Oz Doc’s Test Oz Doc’s Practice Test % Individual Mark
3. Final Test Individual Mark
4. Mini Test Group Mark Mini Test
(Please note: sections of the final report will be completed and co-assessed with other courses)


Assessment Matrix

Marking Guide (Grading)

After achievement of competency we then grade your performance in this course and this gives you the opportunity to have the level of your performance formally recognised against industry standards and employability skills.

You will receive one of the following grades

CHD Competent with High Distinction
CDI Competent with Distinction
CC Competent with Credit
CAG Competency Achieved - Graded
NYC Not yet Competent
DNS Did not Submit for Assessment


This grading is in accordance with the following criteria:

1. Level of Independence, Initiative, Enterprise and Performance of Work Task
We are looking for you to demonstrate broad individual research to support your business implementation and complete the stated requirements

2. Demonstrated Breadth of Underpinning Knowledge and a Willingness to Continue Learning
We are looking for your plan to show and demonstrate an excellent understanding of the industry and reference to industry and other relevant documents

3. Techniques and Processes, Technology Skills and Problem Solving
We are looking for you to comply with designated format and presentation of the Major Project

4. Work Organisation, Planning and Self-Management
We expect to see ongoing uploading of information into your document that is relevant to the course with full utilisation of the Blackboard as per course requirements and with timely submission of all required material

5. Communication Skills, People Networking, Language and Interpersonal Skills and Teamwork
We expect to see regular attendance and class involvement in relevant discussions in the scheduled sessions, utilisation of relevant networking tools as outlined in the Blackboard, and your report to be present4ed using appropriate business language,



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