Course Title: Prepare financial statements
Part A: Course Overview
Program: C5205
Course Title: Prepare financial statements
Portfolio: BUS
Nominal Hours: 60.0
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) |
ACCT5248C |
Singapore Inst of Management |
TAFE |
650T TAFE Business |
Face-to-Face |
Offsh3 12 |
Course Contact: Jenny Seiler
Course Contact Phone: +61 3 9925 1622
Course Contact Email: jenny.seiler@rmit.edu.au
Course Description
This unit covers the competency to identify skills and outcomes associated with the development of financial reports.
This unit requires the application of skills and knowledge required to prepare financial statements. The unit encompasses compiling data and preparing reports. The unit can be applied across all sectors of the financial services sector.
Pre-requisite Courses and Assumed Knowledge and Capabilities
There are no pre-requisites for this unit.
National Competency Codes and Titles
National Element Code & Title: |
FNSACCT405B Prepare financial statements |
Elements: |
1. Compile data |
2. Prepare reports |
Learning Outcomes
Students should refer to the performance criteria in Part B of this course guide in regard to the learning outcomes of the course.
Data may include:
• budgets and forecasts
• financial/operational statements and reports (eg expenditures and receipts, statements of financial performance)
Organisational policies and procedures may include:
• reporting requirements
• recording and filing systems
• standard financial analysis techniques
• financial management manuals
Report formats may include:
• cash statements
• financial year reports
• statements of financial position
• operating statements (statements of financial performance)
• spreadsheets
• electronic forms
Organisations may include:
• sole traders
• partnerships
• not for profit
Relevant persons may include, but is not limited to:
• tax agents
Overview of Assessment
Assessments may include closed book tests, individual and group assignments and a final examination.
Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met. Students will be provided with feedback throughout the course to check their progress.