Course Title: Prepare operational budgets

Part A: Course Overview

Program: C4366 Certificate IV in Accounting

Course Title: Prepare operational budgets

Portfolio: BUS Portfolio Office

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.

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ACCT5384C

City Campus

TAFE

650T Vocational Business Education

Face-to-Face or Internet

 Term1 2016,
Term2 2016

Course Contact: Ben Sethia

Course Contact Phone: +61 3 9925 5982

Course Contact Email: ben.sethia@rmit.edu.au



Course Description

This unit describes the skills and knowledge required to prepare and document operational budgets for a variety of organisations.

It applies to individuals who use specialised knowledge and systematic approaches to undertake strategic financial activity for an organisation.               

Pre-requisite Courses and Assumed Knowledge and Capabilities

None



National Competency Codes and Titles

National Element Code & Title:

FNSACC402 Prepare operational budgets

Elements:

1. Prepare budget

2. Set budget timeframe

3. Document budget

Learning Outcomes


Overview of Assessment

In order to achieve competency in this unit, you must provide:

Performance Evidence

 Evidence of the ability to:

  • establish and confirm budgetary milestones and performance indicators
  • prepare budgets for a variety of purposes and organisations
  • accurately record and document budget reports

Knowledge Evidence

To complete the unit requirements safely and effectively, you must:

  • identify and explain the key principles of budgetary control
  • describe a variety of forecasting techniques
  • explain the principles of double-entry bookkeeping
  • outline the key principles of statistical analysis and measures of variance
  • describe the key features of organisational procedures and policy for financial administration

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the accounting field of work and include access to:

  • a range of 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. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.

You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course.