Course Title: Apply principles of professional practice to work in the financial services industry
Part B: Course Detail
Teaching Period: Term2 2018
Course Code: EMPL7068C
Course Title: Apply principles of professional practice to work in the financial services industry
School: 650T Vocational Business Education
Campus: City Campus
Program: C4362 - Certificate IV in Bookkeeping
Course Contact: Doug Gourlay
Course Contact Phone: +61 3 9925 5944
Course Contact Email: doug.gourlay@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Nurjis Sethi
Vocational Teacher – Accounting
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
There are no pre-requisites for this unit.
Course Description
This unit describes the skills and knowledge required to identify industry professional approaches to procedures, guidelines, policies and standards, including ethical requirements, and to model and meet expectations of these in all aspects of work.
It applies to individuals who work in senior roles in the financial services industry and underpins other specialist units used in all sectors of the industry.
Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSINC401 Apply principles of professional practice to work in the financial services industry |
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Element: |
1. Identify scope, sectors and responsibilities of industry |
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Performance Criteria: |
1.1 Identify and consider external forces impacting on financial services industry while carrying out activities 1.2 Identify main sectors of financial services industry and interrelationship between sectors in carrying out activities 1.3 Identify roles and responsibilities of other participants in financial services industry in carrying out activities |
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Element: |
2. Identify and apply guidelines, procedures and legislation |
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Performance Criteria: |
2.1 Collect, apply and analyse information on relevant legislation, regulations and codes of practice as applied to financial services industry 2.2 Clarify own work practice and regularly refine in light of relevant legislation, regulations and codes of practice, and organisational policy, guidelines and procedures 2.3 Apply relevant codes of practice in an ethical approach to workplace practice and decisions |
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Element: |
3. Identify sustainability issues |
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Performance Criteria: |
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Element: |
4. Manage information |
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Performance Criteria: |
4.1 Read and discuss with appropriate persons relevant documents and reports that could impact on work effectiveness and compliance 4.2 Analyse, evaluate and check documents, reports, data and numerical calculations to meet customer and organisational requirements 4.3 Present information in format appropriate for audience |
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Element: |
5. Participate in and facilitate work team activities |
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Performance Criteria: |
5.1 Provide feedback to team members to encourage, value and reward individual and team efforts, and contributions 5.2 Actively encourage team members to participate in and take responsibility for team activities and communication processes 5.3 Support team to identify and resolve problems which impede its performance 5.4 Ensure own work serves as role model for others and enhances organisation's image and financial services industry |
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Element: |
6. Plan work to be completed |
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Performance Criteria: |
6.1 Determine tasks to be done and identify relevant conditions to work autonomously or in team environment 6.2 Plan work to manage resources, time and priorities 6.3 Contribute to organisational planning process as required to achieve service improvement 6.4 Adapt to changes in technology and work organisation in timely manner |
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Element: |
7. Develop and maintain personal competency |
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Performance Criteria: |
7.1 Identify and review personal professional development needs and goals on regular basis 7.2 Clarify and comply with competency, authorisation and licensing requirements 7.3 Seek professional development opportunities that reflect needs and goals in agreed timeframe |
Learning Outcomes
Details of Learning Activities
Welcome to the Certificate IV in Bookkeeping.
You have come to the course shell of "Apply Principles of professional practice". I am your instructor/teacher for the unit. Here is some information for you regarding the unit:
1. This is an online unit. You will be provided with the material and resources to carry out your studies.
2. You will be expected to carry your studies in your own time and come back to your teacher in case of any questions or any issues.
3. Please read the course shell in details and get yourself acquainted with the unit details.
4. The unit will be assessable based on your assignments. There are two assignments in total to be completed during the semester.
5. The assignment 1 will be due in Week 7.
6. Please place your questions in the discussion box so that all the students can see them.
Teaching Schedule
Here is the course summary of the unit. It is just to give a detailed information about the weekly delivery and the progress of the unit. It provides the information on:
- When classes will be held
- What learning materials and activities need to be completed; and,
- What assessments are due and when
Course schedule
Course Schedule: Apply Principles of Professional Practice Semester 2: 2018 | |||||
Week |
Topic |
Readings and Activities |
Assessment |
Unit(s) of Competency |
Elements and Performance Criteria |
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Week 1
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Introduction to course schedules Main sectors and regulators |
Reading: Power point Activity: |
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Week 2
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Responsibilities of main sectors |
Reading: Power point Activity: |
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Week 3
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Develop and maintain personal competency |
Reading: Power point Activity: |
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Week 4
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Develop and maintain personal competency relating to industry |
Reading: Powerpoint Activity: |
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Week 5
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Managing and organising information |
Reading: Power point Activity: |
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Week 6
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Managing information with Time management skills |
Reading: Power point Activity: |
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Week 7
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Industry legislation and regulation |
Reading: Powerpoint Activity: |
Assessment 1: Research base |
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Week 8
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Industry legislation and regulation |
Reading: Power point Activity: |
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Break |
Break |
Break |
Break |
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Week 9
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Ethics, Codes of conduct, minimum and best practice standards |
Reading: Powerpoint Activity: |
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Week 10
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Ethics, Codes of conduct, minimum and best practice standards |
Reading: Powerpoint Activity: |
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Week 11
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Sustainability |
Reading: Power point Activity: |
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Week 12
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Sustainability |
Reading: Powerpoint Activity: |
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Week 13
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Working in teams |
Reading: Power point Activity: |
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Week 14
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Assignment |
Assignment |
Assignment 2 - case study |
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Week 15 |
Re-submission |
Re-submission |
Re-submission |
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*please note that this schedule is subject to changes which will be communicated to students via CANVAS
Learning Resources
Prescribed Texts
References
Other Resources
You will be provided with the material and resources to carry out your studies
Overview of Assessment
In order to achieve competency in this unit, you must provide:
Performance Evidence
Evidence of the ability to:
◾access, interpret and analyse product and service information provided by industry sectors in an effective and timely manner
◾interpret and comply with relevant financial services legislation, regulations and industry codes of practice, and ethics applicable to the workplace
◾recognise and implement sustainability principles and work practices
◾accurately analyse, evaluate and organise relevant information
◾effectively plan work and maintain a team environment, taking into account any constraints and available resources
◾identify and evaluate appropriate professional development opportunities.
Knowledge Evidence
To complete the unit requirements safely and effectively, you must:
◾discuss environmental or sustainability legislation, regulations and codes of practice applicable to industry and organisations
◾outline the main sectors in the financial services industry and the interrelationships between the sectors
◾explain industry and organisational policy and procedures and ethical behaviours in regard to customer service and administration
◾outline industry and organisational security practices and rationale
◾identify internal administration systems such as accounting systems and databases
◾explain principles, practices and available tools and techniques of sustainability management relevant to the industry context
◾explain key requirements of relevant legislation, statutory requirements and industry codes of practice as they relate to:
◾consumer credit
◾privacy
◾financial transaction reporting
◾corporations (including accounting standards)
◾financial services
◾identify the economic and political climate relating to the financial services industry
◾explain triple bottom line principles used in work planning.
Assessment Conditions
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the industry capability field and include access to:
◾organisational policy, procedures, legislation, regulations and codes of practice
◾specialist financial services software and data
◾common office equipment, technology, software and consumables.
You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.
Feedback
Feedback will be provided throughout the semester in class and/or online discussions. You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed.
You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.Assessment Tasks
Assessment 1- Research
Assessment 2- Case study
Assessment Matrix
Course Overview: Access Course Overview