Course Title: Implement and maintain internal control procedures
Part A: Course Overview
Program: C5178
Course Title: Implement and maintain internal control procedures
Portfolio: BUS
Nominal Hours: 40.0
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) |
ACCT5257C |
City Campus |
TAFE |
650T TAFE Business |
Face-to-Face |
Term2 2009,
Term1 2010, Term2 2010, Term1 2011, Term2 2011 |
Course Contact: Claude Marasco
Course Contact Phone: +61 3 9925 1651
Course Contact Email: claudio.marasco@rmit.edu.au
Course Description
This unit covers the implementation and maintenance of internal control procedures for corporate governance.
Pre-requisite Courses and Assumed Knowledge and Capabilities
None
National Competency Codes and Titles
National Element Code & Title: |
FNSACCT506B Implement and maintain internal control procedures |
Elements: |
1. Review corporate governance requirements . 2. Implement operating procedures. 3. Monitor Policy.
|
Learning Outcomes
1. Review corporate governance requirements.
1.1 Corporate governance requirements are identified and analysed to determine application to operations.
1.2 Clarifications on application of corporate governance requirements are accessed from authoritative and recognised sources.
1.3 Internal control procedures are reviewed and developed reflecting the application of corporate governance requirements to internal operations .
2. Implement operating procedures.
2.1 Financial delegations and accountabilities are maintained and reviewed to ensure consistency and compliance with internal control procedures.
2.2 Required reports are produced, reviewed and distributed within agreed timelines.
2.3 Timetables for the implementation of corporate governance requirements are developed in consultation with stakeholders.
2.4 Internal control procedures are detailed and documented in standardised formats to promote consistency of use.
3. Monitor Policy.
3.1 Applications of corporate governance requirements are developed from published sources or recognised practices.
3.2 Performance indicators are developed and reported on to evaluate compliance with internal control procedures.
3.3 Variations in adoption of corporate governance requirements in operations are identified and evaluated to determine causes.
3.4 Modifications to procedures are developed and implemented to facilitate compliance with internal control procedures.
Overview of Assessment
Assessment Tasks
4 x 7. 5% In-class open book Assessments/Observations = 30% (90 minutes duration each).
Comprehensive Case Study - 70%
Presentation 1 (25%)
Presentation 2 & Report (45%).
Overall Assessment
Students must pass the comprehensive case study (parts one and two including the report) to be given a competent grade in this subject. Students will receive either a “Competent” (CA) or “Not Yet Competent” (NYC) as a final Grade. To be given a mark out of 100%, students must pass the comprehensive case study (parts one and two including the report) as well as having completed the four in-class assessments/observations. Students will be given the opportunity to repeat/resubmit any parts of the comprehensive case study not deemed competent.
Please note that there are no resits with respect to the four in-class assessments/observations.