Course Title: Maintain financial records

Part A: Course Overview

Course ID: 036505

Program: C6072

Course Title: Maintain financial records

Portfolio: BUS

Nominal Hours: 60.0

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.

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
ACCT5178C	Learning Networks	TAFE	650T TAFE Business	Face-to-Face or Workplace
ACCT5180C	City Campus	TAFE	650T TAFE Business	Face-to-Face

Course Contact: Laurine Symington

Course Contact Phone: +61 3

Course Contact Email: laurine.symington@rmit.edu.au

Course Description

This unit covers the maintenance of financial records for a business. It includes activities such as the maintenance of daily financial records, including reconciling debtors’ and creditors’ systems and preparing a maintaining a general ledger and preparing a trial balance. It also includes activities associated with the monitoring of cash control for accounting purposes.

Pre-requisite Courses and Assumed Knowledge and Capabilities

This Unit of Competency is taught in conjunction with:
FNSICACC304A Prepare and bank receipts [ACCT5197C]
FSNICACC306A Process journal entries [ACCT5198C]

National Competency Codes and Titles

BSBCMN308A	Maintain financial records
Elements:	Maintain daily financial records
	Maintain general ledger
	Monitor cash control

Learning Outcomes

Please refer to Elements of Competency.

Overview of Assessment

This unit is co-assessed with FNSICACC304A Prepare and bank receipts [ACCT5197C] and FSNICACC306A Process journal entries [ACCT5198C].
The assessment for this cluster is a series of tests and a folio of evidence. The “folio of evidence” is a collection of exercises which may have been completed during the classes and then submitted to support the grade of competent. The tests will then be used to allocate a number grade which is only available after the folio has been deemed competent. It is through the results of the tests that students will receive an indication of their progress.