Course Title: Provide financial and business performance information

Part B: Course Detail

Teaching Period: Term2 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

Nurjis Sethi

nurjis.sethi@rmit.edu.au

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

This course works on building 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. Please refer to teaching schedule for further details.

Teaching Schedule

Here is the course summary of the unit. It is just to give a detailed information about the weekly delivery and the progress of the unit.  It provides the information on:

• When classes will be held
• What learning materials and activities need to be completed; and,
• What assessments are due and when 

 

Course schedule

Week	Topics	Readings and Activities	Assessment	Unit(s) of Competency	Elements and Performance Criteria
Week 1 July 2 2018	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			FNSACC501
Week 2 July 9 2018	Financial Management /Major Sources of Finance	Chapter 1 & 2 Pages 5 – 21 ( Reading Compulsory) Complete Review Questions for both Chapters		FNSACC501	1.1, 1.2, 1.3, 1.4, 3.4
Week 3 July 16th 2018	Business Risk	Chapter 3 Pages 33 – 61 ( Reading Compulsory) Complete Review Questions for this Chapter		FNSACC501	2.3, 2.4, 2.5, 2.6, 2.7, 3.3,
Week 4 July 23rd 2018	Business Mathematics	Chapter 4 Pages  61 - 107 ( Reading Compulsory) Complete Review Questions for this Chapter		FNSACC501
Week 5 July 30th 2018	Management of Working Capital	Chapter 5 Pages 107 -141 ( Reading Compulsory) Complete Review Questions for this Chapter	Portfolio (Quiz 1)	FNSACC501	3.3, 3.4
Week 6 August 6th 2018	Financial Ratios	Chapter 6 Pages 141-201 ( Reading Compulsory) Complete Review Questions for this Chapter		FNSACC501	2.1, 2.2, 2.3, 2.4,
Week 7 August 13th 2018	Business Analysis	Chapter 7 Pages 201-237 ( Reading Compulsory) Complete Review Questions for this Chapter		FNSACC501	2.4, 3.1, 3.2,
Week 8 August 20th 2018			Portfolio (Quiz 2)	FNSACC501
Break	Mid Semester Break August 27th to September 2nd 2018	Break	Break
Week 9 September 3rd 2018	Assessment 2 Power Point Presentation			FNSACC501
Week 10 September 10th 2018	Weighted Average Cost of Capital	Chapter 8 Pages 237-257 ( Reading Compulsory) Complete Review Questions for this Chapter		FNSACC501	2.4, 2.5,
Week 11 September 17th 2018	Dividend Policy / Business Plans	Chapters 9 & 10 Pages 257 – 301 ( Reading Compulsory) Complete Review Questions for both Chapters		FNSACC501	3.3. 3.4
Week 12 September 24th 2018	Capital Budgeting	Chapter 11 Pages 301 –350 ( Reading Compulsory) Complete Review Questions for this Chapter		FNSACC501	2.1, 2.2
Week 13 October 1st 2018	Revision for Assessment 2	Chapter’s 1- 11 - Provide Financial & Business Performance Information		FNSACC501
Week 14 October 8th 2018	Assessment 2		Assessment 2 – Major assessment and Presentation	FNSACC501
Week 15 October 15th 2018	Resit and Resubmissions	Grading and Feedback		FNSACC501
Week 16 October 22nd 2018	Resit and Resubmissions	Resit and Resubmissions		FNSACC501

 * Please note this schedule can be subject to change and you will be advised on CANVAS of any changes

Learning Resources

Prescribed Texts

References

Other Resources

The following resources will be needed to help you complete the requirements of this course. You should ensure you have access to these and contact the teaching staff if you encounter any issues:

 

Provide Financial & Business Performance Information 6th Edition - Hughes & Senaratne

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

Assessment

The unit will have two assessments. In order for students to be competent, all the two assessments should be completed successfully. 

 

Assessment 1 : Portfolio of 2 quizzes.  Students need to demonstrate competence in both of these quizzes to be marked competent in Assessment 1. 

Quiz 1 is to be completed individually in week 5. It will be based on topics covered up to and including week 4. 

Quiz 2 is to be completed individually in week 8. It will be based on topics covered from week 5 to week 8 (inclusive). 

Assessment 2 : Major Assessment. This assessment is a detailed assessment where financial management concepts will get evidenced by the report generated by students. This assessment will be due in week 14.

This is an individual assessment and students will be required to present their report in class individually. 

Further details will be provided by your teacher. 

*Please note

The Teacher or Course Coordinator may request anytime to ask students to demonstrate and/or reproduce assessments to validate authenticity. 

 

AND

 

Students must get competency in all the assessment tasks in order to obtain competency in this course.

 

 

 

Assessment Matrix

Course Overview: Access Course Overview