Course Title: Establish, manage and administer trust accounts

Part A: Course Overview

Program: C5180

Course Title: Establish, manage and administer trust accounts

Portfolio: BUS

Nominal Hours: 50.0

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)
LAW5140C	City Campus	TAFE	650T TAFE Business	Face-to-Face	Term1 2008

Course Contact: jennifer.wotzko@rmit.edu.au

Course Contact Phone: +61 3 9925- 5701

Course Contact Email: jennifer.wotzko@rmit.edu.au

Course Description

This unit describes the function of establishing, managing and administering trust and/or controlled money accounts.

Pre-requisite Courses and Assumed Knowledge and Capabilities

Training Package Pre-requisites: NIL
RMIT Co-requisites: SOSK 5138C Apply principles of professional practice to work in the financial services industry (FNSICIND401A)

National Competency Codes and Titles

National Element Code & Title:	FNSCONV503A Establish, manage and administer trust accounts
Elements:	Establish and manage trust accounts
	Maintain records of trust transactions
	Monitor and review trust accounts
	Review for compliance with trust account requirements

Learning Outcomes

On completion of this course you should be able to:

• demonstrate an understanding of the general operation of trust accounts,
•  control and account in both a legal and ethical manner for all trust moneys received and paid,
•  clearly report to stakeholders how trust monies have been dealt with.

Overview of Assessment

A student must demonstrate a clear understanding of all elements of the required competencies to be deemed competent. Assessment may include a variety of methods including tests, workbooks, presentations, class exercises, assignments etc. Formative feedback is provided throughout the course. This occurs by the teacher providing information to the student to inform them how they are succeeding in the course and areas that require more work to succeed. Formative feedback is not a piece of assessment that contributes to the student’s final result.