Course Title: Work effectively in the accounting and bookkeeping industry
Part B: Course Detail
Teaching Period: Term2 2024
Course Code: ACCT5447C
Course Title: Work effectively in the accounting and bookkeeping industry
Important Information:
Please note that this course may have compulsory in-person attendance requirements for some teaching activities.
School: 525T Business & Enterprise
Campus: City Campus
Program: C4435 - Certificate IV in Accounting and Bookkeeping
Course Contact: Nick Reynolds
Course Contact Phone: +61 3 9925 0791
Course Contact Email: nick.reynolds@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Nominal Hours: 40
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
None
Course Description
This unit describes the skills and knowledge required to work autonomously and in teams to complete work activities relating to the provision of accounting and bookkeeping services.
The unit applies to individuals who occupy accounting and bookkeeping roles with some responsibility, communicate professionally with stakeholders, and use a range of research and organisational techniques to establish and carry out their work requirements in the accounting and bookkeeping industry.
Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSACC418 Work effectively in the accounting and bookkeeping industry |
Element: |
1. Develop professional working relationships |
Performance Criteria: |
1.1 Clarify business needs and expectations of work through clear communication with key stakeholders 1.2 Determine roles and responsibilities of various members of the accounting and tax profession according to business needs 1.3 Identify activities that fall outside own role and responsibilities, and identify alternative service providers able to carry out those activities 1.4 Refer business owner to networks for advice and services where applicable 1.5 Request feedback on range, scope and quality of service to be provided and act on feedback, where applicable 1.6 Identify and apply ethical principles and practices in own role and responsibilities |
Element: |
2. Identify compliance requirements and support materials |
Performance Criteria: |
2.1 Obtain access to publications and software tools required to carry out own work 2.2 Research legislative, statutory, regulatory and industry requirements for carrying out own work activities |
Element: |
3. Set up and maintain systems to meet compliance requirement |
Performance Criteria: |
3.1 Develop systems that support user needs 3.2 Develop instructions and guidelines for carrying out daily activities according to compliance requirements 3.3 Design processes and procedures for regularly reviewing and adapting systems according to compliance requirements |
Element: |
4. Complete work activities autonomously and in a team |
Performance Criteria: |
4.1 Identify tasks to be done and required conditions for working autonomously and in team environment 4.2 Document required resources, timelines, and priorities for work activities in work plan 4.3 Communicate priorities from work plan with team members, as required 4.4 Provide feedback to team members to encourage, value and reward individual and team efforts, and contributions 4.5 Support team to identify and resolve problems, as required 4.6 Adapt work plan according to changes in technology and work organisation |
Element: |
5. Develop and maintain own competency |
Performance Criteria: |
5.1 Identify and document own professional development needs and goals in professional development plan 5.2 Confirm compliance with competency, authorisation and licensing requirements relevant to own role 5.3 Research and document professional development opportunities that reflect own needs and goals in professional development plan 5.4 Confirm professional development plan includes timeline and actions to meet documented needs and goals |
Learning Outcomes
Details of Learning Activities
This course will be delivered face-to-face between Weeks 1-9 during the semester.
A range of learning activities are planned for this course, including either online webinar sessions or collaborative classroom-based activities.
A Practice Firm - Work simulated environment will be set up where students will be employed in the virtual office. The students will be simulating the work in this practice firm every week and will perform normal activities as in an office kind situation, It will give them real working-life experience.
The self-paced activities will be delivered through various technology platforms, including your contribution to wikis and discussion threads, reflective journals, quizzes, and interactive sessions.
The collaborative classroom-based activities will include group discussion, group problem-solving activities and opportunities to practice your skills in a simulated/real workplace environment.
We expect you to participate and contribute to all scheduled learning activities.
Teaching Schedule
| Week 1 |
Pre-class work: · Familiarize with Canvas shell navigation · Reading help and support information · Understanding RMIT guidelines · Checking Collaborate Ultra- Student guide · Viewing Course guide information · Getting information on learning resources Chapter 1 Develop Professional Working Relationships 1.1 Clarify business needs 1.2 Determine roles and responsibilities |
Quiz 1 |
| Week 2 |
Chapter 1 Develop Professional Working Relationships 1.3 Identify alternative service providers 1.4 Request feedback on service provided 1.5 Identify & apply ethical principles Release of Assessment 1 |
|
| Week 3 |
Chapter 2: Identify compliance requirements and support materials 2.1 Access publications and software 2.2 Legislative requirements for work 2.3 Industry regulation 2.4 Industry codes of practice |
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| Week 4 |
Chapter 3: Set up and maintain systems to meet compliance requirements 3.1 Develop systems to support user needs 3.2 System compliance requirements 3.3 Develop compliance instructions 3.4 Review and adapt to systems regularly |
|
| Week 5 |
Chapter 4: Work autonomously or in a team to complete work activities 4.1 Determine tasks to be done 4.2 Required resources, timelines in workplan 4.3 Communicate priorities with team members 4.4 Provide feedback to team members 4.5 Identify and resolve problems 4.6 Adapt workplan to changes in technology |
Assessment 1 due. Results will be released in week 6 and resubmissions in week 7. |
| Week 6 |
Chapter 5: Develop and maintain your own competency 5.1 Identify and document PD needs 5.2 Comply with licensing requirements 5.3 Research and document PD needs 5.4 Confirm PD plan including timeline & actions Release of Assessment 2 |
|
| Week 7 | Discussion on Assignment 2 |
|
| Mid-semester break |
29 March to 7 Apr 2024 Assessment 2 due |
|
| Week 8 | Assessment Feedback & Resubmission if required | |
| Week 9 | Final week for resubmission if required |
Learning Resources
Prescribed Texts
Work Effectively in the Accounting and Bookkeeping Industry by Anne Collins & Vivian Rowden 3rd Edition (January, 2023) |
978-1-76073-281-3 |
References
Other Resources
Online learning materials can be accessed by going into the RMIT web sites Online Learning Hub.
The online learning materials listed include:
- Course outlines
- Power point Presentations
- Supporting Reading material
- Industry relevant articles
- Activities.
Overview of Assessment
Performance Evidence
The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:
- identify key roles and responsibilities of organisation’s accounting team and alternative service providers
- research and identify compliance requirements and ethical practices relevant to own role
- develop at least one system and guidelines for work procedures that comply with legislative requirements
- plan, communicate and support the team to complete at least three work activities that contribute to the team environment
- identify and undertake at least two professional development opportunities to increase skills for own work role.
Knowledge Evidence
The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:
- roles, responsibilities and limitations of bookkeepers and accountants
- methods to develop effective working relationships
- methods to establish and maintain clear communication channels
- requirements of accounting and bookkeeping industry codes of conduct
- components of accounting and bookkeeping work activities
- functions and features of resources, timelines and activities in work plans relating to performance evidence
- policies and procedures relevant to own role in accounting and bookkeeping industry
- functions and features of professional development plans
- methods to update professional development plans
- statutory, legislative and regulatory requirements relevant to licensing in the accounting and bookkeeping industry and own role
- organisational operational protocols relating to performance evidence.
Assessment Conditions
Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.
This includes access to:
- organisational policies, procedures, legislation, regulations and codes of conduct required for own role
- office equipment, technology, software and consumables required for own role.
Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.
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
The course has two (2) assessment tasks to complete. You are expected to complete both assessment tasks to achieve competency in the course.
The details of the 2 assessment tasks are given below:
Assessment 1: Week 5
The students will be provided with a simulated business situation and will be answering questions based on that.
Assessment 2: Week 7
The students will be provided with a simulated business situation and will be answering questions based on that.
Assessment Matrix
The assessment matrix that maps all the assessment is available on CANVAS under Assignments.
All assessments will utilise a competency-based model and will be deemed as either
- Satisfactory or
- Not Yet Satisfactory.
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 the Assessment task document that includes a declaration and statement of authorship.
- 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.
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: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/extensions-of-time-for-submission-of-assessable-work
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: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/special-consideration
Resubmissions (VE 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
Successful re-submissions will contribute a CAG only (Competency Achieved Grading) result 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:
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.
Marking Guide (Grading)
After completing each individual assessment successfully, we then grade your performance in the unit as:
Competent
If you have been unsuccessful in completing each individual assessment then the allocated grade will be :
Not Yet Competent
Course Overview: Access Course Overview