Course Title: Provide financial and business performance information

Part A: Course Overview

Program: C5390 Diploma of Accounting

Course Title: Provide financial and business performance information

Portfolio: BUS Portfolio Office

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.

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ACCT5424C

City Campus

TAFE

650T Vocational Business Education

Face-to-Face or Internet

Term1 2019,
Term2 2019,
Term1 2020,
Term2 2020,
Term1 2021,
Term2 2021

Course Contact: Doug Gourlay

Course Contact Phone: +61 3 9925 5944

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



Course Description

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

It applies to individuals who, in line with their level of authority, use 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 Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.

Pre-requisite Courses and Assumed Knowledge and Capabilities

None



National Competency Codes and Titles

National Element Code & Title:

FNSACC511 Provide financial and business performance information

Elements:

1. Assess client needs

2. Analyse data

3. Prepare and provide financial and performance advice to client


Learning Outcomes


Overview of Assessment

Performance Evidence

Evidence of the ability to:

  • assess client needs and analyse their financial data
  • prepare and document financial and business performance 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.

 

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

 

Knowledge Evidence

The candidate must be able to demonstrate the following knowledge to effectively complete the tasks outlined in the elements and performance criteria of this unit, and to manage tasks and reasonably foreseeable contingencies in the context of the work role.

  • Key requirements of taxation legislation relating to deductions, allowances, and charges
  • Key areas that can cause significant taxation issues
  • Techniques used to forecast financial and business performance
  • Key features of government financial policy relating to financial and business performance advice
  • Key requirements of corporations and consumer legislation relating to financial and business performance information
  • Industry-standard methods for presenting and formatting financial data
  • Key principles of cash flow and budgetary control
  • Sources of information on financial products and markets relating to financial and business performance information
  • Risks, contingencies, and risk management options relating to financial and business performance
  • Client rights and responsibilities in relation to obtaining financial and business performance information

 

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the accounting field of work and include access to:

  • office equipment, technology, software and consumables required to provide financial and business performance information, including:
  • sources of information on client needs
  • access to the internet
  • digital technologies to access, extract and share information.

 

Assessors of this unit must satisfy the assessor requirements in applicable vocational education and training legislation, frameworks and/or standards.

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.