Course Title: Provide financial and business performance information
Part B: Course Detail
Teaching Period: Term1 2017
Course Code: ACCT5378C
Course Title: Provide financial and business performance information
School: 650T Vocational Business Education
Campus: City Campus
Program: C5347 - Diploma of Accounting
Course Contact: Ben Sethia
Course Contact Phone: +61 3 9925 5982
Course Contact Email: ben.sethia@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Name : Upasana Mahajan
Phone : 03 9925 5460
Email : Upasna.mahajan@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
None
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 |
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Element: |
1. Assess client needs |
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Performance Criteria: |
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Element: |
2. Analyse data |
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Performance Criteria: |
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Element: |
3. Prepare advice |
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Performance Criteria: |
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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 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 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/Blackboard
- 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
- Re-submission policy
- Where to get support
- Student responsibilities
The Teaching Schedule for this course is as follows but please note that it is subject to change at the discretion of course coordinator.
Week
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Week Commencing |
Topics |
Assessment |
Competencies Delivered |
1 |
6/2/2017 |
Introduction to the Course including: · Course requirements · Course support documents · Course Blackboard access · Accuracy of enrolment · Assessment requirements/Cover Sheets · Plagiarism · Appeals · Extensions/Resubmissions · Feedback in this course · Reminder re submission requirements · Getting help · Ergonomic principles
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TASK 1TL: Time plan to be submitted to facilitator in class by second class of the week for facilitator approval. You will receive feedback on this assessment in class at the time you meet the assessor for the approval of the plan. The plan will need to be uploaded into Blackboard by end of week. If the plan was not approved in class, you will receive feedback via Blackboard (grade book) in week 3.
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2 |
13/2/2017 |
Absolute Vs Relative cell referencing. Model Building using budget exercise as illustration.
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3 |
20/2/2017 |
Model building to produce forecast (Pro Forma) statements using % of sales method. Income Statement and Balance Sheet only.
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4 |
27/2/2017 |
Model building to produce forecast (Pro Forma) statements using % of sales method. Income Statement, Balance Sheet and Cashflow Statement
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5 |
6/3/2017 |
Quantitative forecasting using excel linear time series. Determining a forecast growth rate.
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Pit stop review of Major Assignment Part A
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6 |
13/3/2017 |
Business Plan related compliance matters; incorporating GST in the financial model.
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Pit stop review of Major Assignment Part A
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7 |
20/3/2017 |
Profitability Ratios, solvency ratios and discussed further with exercises |
Pit stop review of Major Assignment Part A
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8 |
27/3/2017 |
Assessment task consultation and feedback.
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Submission of Major Assignment Part A: Both business plan document and spreadsheet model need to be uploaded into Blackboard gradebook by COB Monday of this week. Feedback will be provided over the weeks 9 & 10, resubmission will need to occur by end of week 12
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9 |
3/4/2017 |
Concept of Gearing / Leverage Capital structure discussed |
Pit stop review of Major Assignment Part B
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10 |
10/4/2017 |
Sources of Finance |
Pit stop review of Major Assignment Part B
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11 |
17/4/2017 |
Assessment consultation and feedback.
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12 |
24/4/2017 |
Assessment consultation and feedback.
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Resit Assignment Part A |
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13 |
1/5/2017 |
Assessment consultation and feedback.
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Submission of Major Assignment Part B: Both the Report document and the Spreadsheet financials need to be submitted onto the Blackboard gradebook by COB Friday of this week. Feedback will be provided by week 15, resubmission will need to occur by end of week 16.
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14 |
8/5/2017 |
Relevant facets of financial services legislation. Ethics. Materials provided online (Blackboard)
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15 |
15/5/2017 |
Presentation skills and report writing practice |
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16 |
22/5/2017 |
Re-sit |
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17 |
29/5/2017 |
Re-sit |
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Break: The mid-semester break is between Thursday, 13/4/2017 and Wednesday, 19/4/2017
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 bit also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Please note, it is anticipated that two collaboration sessions will be provided during the course for flexed students. The weeks in which these will occur will be announced on Blackboard during the course of the semester. It is the responsibility of the student to have the required technical hardware necessary to participate in these sessions.
Learning Resources
Prescribed Texts
By Wilsom, Keers, Medlen & Walters from Pearson Publication |
9781442525153 |
References
Other Resources
PLEASE NOTE: ALL reference materials for this cluster should be accessed via the PROGRAM shell for Diploma of Accounting under the "Financial Management" handle.
FOR ONLINE COLLABORATE SESSION, PLEASE ENSURE YOU HAVE JAVA INSTALLED ON YOUR COMPUTER https://java.com/en/download/index.jsp AND A HEADSET AND MICROPHONE
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 This course is co-delivered and co-assessed as a cluster of units. This cluster of units is called the FINANCIAL MANAGEMENT cluster. The competencies within this cluster include; ACCT5378C/ FNSACC501 Provide Financial & Business Performance Information ACCT5383C/ FNSORG506 Prepare Financial Forecasts and Projections COSC6185C/ BSBITU402 Develop and Use Complex Spread Sheets
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. TASK 1 TIME LINE (Due Date: Week 2) A group task, 2 members per group same group members as Major Assignment Part A (below). Part A of the Major Assignment will have two (2) pit stop reviews Part A Part B You must successfully complete all assessment tasks to achieve competency. |
Assessment Matrix |
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Other Information |
Submission Requirements You should: • Ensure that you submit assessments on or before the due date. |
Assessment Matrix
The assessment matrix that maps all the assessment is available on Blackboard
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 blackboard.
• 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, Callie Harvey, 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. <check links are still current>
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. <check links are still current>
More Information: http://www.rmit.edu.au/browse;ID=g43abm17hc9w
Form to use: http://mams.rmit.edu.au/8a5dgcaqvaes1.pdf
Resubmissions (VET Programs):
If you are found to be unsuccessful in a Course Assessment Task you will be allowed one resubmission only. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. The highest grade you will receive if your resubmission is successful is “CAG”.
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.
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: <check link is still current>
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.
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
NYC Not Yet Competent
DNS Did Not Submit for assessment
Further information regarding the application of the grading criteria will be provided by your teacher.
Course Overview: Access Course Overview