Course Title: Provide financial and business performance information

Part B: Course Detail

Teaching Period: Term1 2018

Course Code: ACCT5378C

Course Title: Provide financial and business performance information

School: 650T Vocational Business Education

Campus: City Campus

Program: C5374 - Diploma of Accounting

Course Contact: Doug Gourlay

Course Contact Phone: +61 3 9925 5944

Course Contact Email: doug.gourlay@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

     

Upasana Mahajan

Course Coordinator

Email: upasana.mahajan@rmit.edu.au
Location: 80.05.030

Nominal Hours: 60

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.

Pre-requisites and Co-requisites

There are no pre-requisites for this unit.

Course Description

This unit describes the skills and knowledge required to analyse and report on a broad range of financial and business performance information and encompasses assessing clients’ needs, analysing data and preparing advice.

It applies to individuals who, within their level of authority, apply specialised knowledge, systematic approaches and analytical techniques to research and prepare customised information for clients.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSACC501 Provide financial and business performance information

Element:

1. Assess client needs

Performance Criteria:

1.1 Clarify and confirm expectations and objectives of client to ensure mutual understanding of client goals 1.2 Identify client's specific legal and financial requirements when establishing, structuring and financing a business 1.3 Discuss financial options and processes with client to develop suitable plans for provision of information and achievement of client goals 1.4 Regularly review progress of plans against agreed criteria and clearly communicate results to client 1.5 Monitor client objectives to identify changes in client needs 1.6 Regularly obtain, analyse and incorporate feedback on client services 1.7 Investigate shortfalls in customer service and formulate and implement proposals for overcoming them

Element:

2. Analyse data

Performance Criteria:

2.1 Seek advice on reliability and accuracy of data from appropriate authorities and sources in accordance with organisational procedures 2.2 Compile and reconcile data to ensure statements are accurate and comply with organisational procedures, statutory requirements and standard financial reporting principles 2.3 Analyse revenues and costs in accordance with standard accounting techniques and consistent with organisation's objectives 2.4 Analyse all data and reports in accordance with standard financial analysis techniques 2.5 Evaluate information in relation to financial performance of a business, specifically profitability, efficiency and financial stability 2.6 Ensure analysis is consistent with client's business and personal objectives 2.7 Undertake evaluation to assess financial potential of the business, its future funding requirements and statutory obligations

Element:

3. Prepare advice

Performance Criteria:

3.1 Ensure advice provides client with realistic view of business financial performance and compliance, including significant taxation issues and comparisons of options 3.2 Use suitable methods of presentation and formats, language and forms of documentation to convey information to client 3.3 Provide advice about how risks and contingencies and future cash flows may be identified and quantified, and advise client of risk management options and rights and obligations 3.4 Advise client on new or alternative sources and features of short-term and long-term finance

Learning Outcomes



Details of Learning Activities

A range of learning activities are planned for this course including self paced and collaborative classroom based activities.

The self-paced activities will be delivered thought various technology platforms and include your contribution to activities, discussion threads, reflective journals on industry updates, presentations, quizzes and interactive sessions.


The collaborative classroom based activities will include role plays, group discussion, group problem solving activities and opportunities to practice your skills in a simulated/real workplace environment.

You are expected to participate and contribute in all scheduled learning activities.

 

 


Teaching Schedule

Induction Session


Prior to training commencement a program level induction session will be conducted that comprises the following:

  • Program overview and requirements
  • MyRMIT/CANVAS
  • Overview of assessment requirements
  • Pre-Training Review including:
    • Recognition of Prior Learning and Credit Transfers
    • Assessment of current skills and knowledge
  • Competency/Grading Criteria
  • Plagiarism
  • Appeals
  • Extensions
  • Feedback
  • Privacy
  • Submission requirements
  • Resubmission policy
  • Where to get support
  • Student responsibilities 

The Teaching Schedule for this course is attached below but please note that it is subject to change.  

The nominal hours associated with this are a guide only and represent the total teaching time and student effort required to successfully complete the course. This may include not only scheduled classes but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

 

Course Delivery:

 

 

Week

 

Topics

Readings and Activities

Assessment

Unit(s) of Competency

Elements and Performance Criteria

Week 1

Introduction to the course including:

·         Course requirements

·         Course support documents

·         Course Blackboard access

·         Accuracy of enrolment

·         Assessment requirements/Cover Sheets

·         Reminder re Plagiarism

·         Reminder re Appeals

·         Extensions/Resubmissions

·         Feedback in this course

·         Reminder re submission requirements

·         Getting help

·         Introduction to the course

 

  

 

 ACCT5378C

 

Week 2

Financial Management /Major Sources of Finance

Chapter 1 & 2 Pages 5 – 21 ( Reading Compulsory)

Complete Review Questions for both Chapters

 

ACCT5378C

 1.1, 1.2, 1.3, 1.4, 3.4

Week 3

Business Risk

Chapter 3 Pages 33 – 61 ( Reading Compulsory)

Complete Review Questions for this Chapter 

 

ACCT5378C

 2.3, 2.4, 2.5, 2.6, 2.7, 3.3, 

Week 4

Business Mathematics

 

Chapter 4 Pages  61 - 107 ( Reading Compulsory)

Complete Review Questions for this Chapter 

 

ACCT5378C

 

Week 5

Management of Working Capital

 

Chapter 5 Pages 107 -141 ( Reading Compulsory)

Complete Review Questions for this Chapter 

Assessment 1 Due Date

 

ACCT5378C

 3.3, 3.4

Week 6

Financial Ratios

 

Chapter 6 Pages 141-201 ( Reading Compulsory)

Complete Review Questions for this Chapter

  

ACCT5378C

 2.1, 2.2, 2.3, 2.4,

Week 7

Business Analysis

 

 

Feedback Assessment 1

Chapter 7 Pages 201-237 ( Reading Compulsory)

Complete Review Questions for this Chapter 

Assessment 2

 

ACCT5378C

 2.4, 3.1, 3.2, 

Week 8

The Mid Semester break is from March 29th to  April 4th. 

 

 

ACCT5378C

 

Break

Break

Break

Break

    

Week 9

Assessment 2 Power Point Presentation

 

Assessment 2

ACCT5378C

 

Week 10

Weighted Average Cost of Capital

 

Chapter 8 Pages 237-257 ( Reading Compulsory)

Complete Review Questions for this Chapter 

 

ACCT5378C

 2.4, 2.5, 

Week 11

Dividend Policy / Business Plans

 

 

Chapters 9 & 10 Pages 257 – 301 ( Reading Compulsory)

Complete Review Questions for both Chapters

 

ACCT5378C

 3.3. 3.4

Week 12

Capital Budgeting

 

 

Chapter 11 Pages 301 –350 ( Reading Compulsory)

Complete Review Questions for this Chapter

  

ACCT5378C

 2.1, 2.2

Week 13

Revision for Assessment 3

Chapter’s 1- 11 - Provide Financial & Business Performance Information 

 

ACCT5378C

 

Week 14

Assessment 2 – In Class Supervised Assessment

 

Assessment 2 – Case study and Presentation

ACCT5378C

 

Week 15

Resit and Resubmissions

Grading and Feedback

 

ACCT5378C

 

Week 16

Resit and Resubmissions

Resit and Resubmissions

 

ACCT5378C

 

 

 


Learning Resources

Prescribed Texts

Richard Hughes & Godfrey Senaratne - Provide Financial and Business Performance Information ( Learn Now Publications 6 Ed 2016)

9781876124991

References


Other Resources

 

 


Overview of Assessment

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

Performance Evidence

Evidence of the ability to:

  • access clients’ needs and analyse their financial data
  • prepare and document appropriate advice for clients that:
    • complies with financial legislation and accounting standards, practices and principles
    • assesses taxation, compliance and business viability issues faced by clients
    • assesses risk management options and practices

Knowledge Evidence

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

  • explain the key requirements of taxation legislation relating to deductions, allowances and charges
  • list the key areas that can cause significant taxation issues
  • compare and contrast forecasting techniques
  • identify and explain the key features of government financial policy and secretary’s financial management instructions
  • explain the key requirements of relevant corporations and consumer legislation
  • describe a range of methods for presenting and formatting financial data
  • identify and explain the key principles of cash flow and budgetary control
  • identify and categorise sources of information on financial products and markets
  • outline a range of risks and contingencies and risk management options relating to financial and business performance
  • outline client rights and responsibilities

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered 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. 


Assessment Tasks

Overview of Assessment

 

Critical Aspects of assessment are described above in the performance evidence for this course.

 

The assessments for this course have been designed to allow participants apply their learning to particular simulated work scenarios and demonstrate their competence in a variety of ways.

 

This Assessment is Task 1 of 3 Assessments for this course. Each of the 3 assessments must be completed to be deemed competent in this course.

 

 

Assessment Task/Title: Research Assignment 1

 

This Assessment is to be completed individually in word. You will be asked to undertake the research of company reports of the public listed companies based on they research they will be asked to present as well. The set of core research discussions will be provided and students will focus the research around those discussion points. 

 

 

 

Assessment Task/Title: Case study Assignment 2 

 

The students will be given the big case study to work on. The students will be given the access to the case study 2 weeks prior and will be expected to  work on the case study in their own time.  

 

It will be a comprehensive case study designed to see the skills holistically and how these skills are applied in the 

  

You must successfully complete all three assessments to be deemed competent.

Grading will be applied once you have been deemed competent for each competency.


Assessment Matrix

Marking Guide (Grading)

After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:

Final Grades table:

 CHD   Competent with High Distinction
 CDI   Competent with distinction
 CC    Competent with Credit 
 CAG    Competency achieved  - Graded    
 CA   Competency achieved  - Not Graded
 NYC   Not Yet Competent
 DNS   Did not submit

  

The individual assessment matrix that maps all the assessment is available on CANVAS under the Assignments section.

Other Information

Submission Requirements

 

You should: 

  • Ensure that you submit assessments on or before the due date. 
  • Always retain a copy of your assessment tasks. (Hard copy and soft copy)
  • When you submit work for assessment at RMIT University you need to use a cover sheet that includes a declaration and statement of authorship. You must complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work.  On the cover sheet you declare that the work you are presenting for assessment is your own work.  An assignment cover sheet for submission of each assessment task is available on Canvas.
  • Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers.   For example, Julie Macpherson, 324567, Task 2, OHS2345C Ensure safe workplace, Page 1 of 10.

 

Late Submission Procedures

You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.

If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.  

More Information:  http://www.rmit.edu.au/students/assessment/extension

Form to use:  http://mams.rmit.edu.au/seca86tti4g4z.pdf

Where an extension of greater than seven days is needed, you must apply for special consideration.  Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination. 

More Information: http://www.rmit.edu.au/browse;ID=g43abm17hc9w (unresolved)

Form to use: http://mams.rmit.edu.au/8a5dgcaqvaes1.pdf

Resubmissions (VET Programs):

If you are found to be unsuccessful in a particular Course Assessment Task (or you do not submit/attend) you will be allowed one resubmission.  Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. 

If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.

Grading & re-submissions

Re-submissions do not contribute to your overall grade for the course.

Adjustments to Assessment

In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website:

More Information: http://rmit.edu.au/browse;ID=7usdbki1fjf31

 

Marking Guide (Competency):

 

You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.

 

You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.

 

Course Overview: Access Course Overview