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.