Course Title: Provide financial and business performance information

Part B: Course Detail

Teaching Period: Term1 2008

Course Code: ACCT5208C

Course Title: Provide financial and business performance information

School: 650T TAFE Business

Campus: City Campus

Program: C6072 - Advanced Diploma of Accounting

Course Contact : Des Minogue

Course Contact Phone: +61 3 9925 5485

Course Contact Email:des.minogue@rmit.edu.au


Name and Contact Details of All Other Relevant Staff


Name And Contact Details Of All Other Relevant Staff
Ian Nash ian.nash@rmit.edu.au
Jenny Seiler jenny.seiler@rmit.edu.au 



Learning Outcomes
Learning Activities In order to achieve learning outcomes, students will participate in the following activities:

• Attend and prepare notes during scheduled classes
• Participate in class discussions and problem solving exercises
• Research using the internet, industry contacts and prescribed/recommended references.
• Prepare out of class answers to class exercises involving theory based tasks, problem solving tasks, case studies/simulations or multiple choice questions
Complete required assessment tasks



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 covers the competency to analyse and report a broad range of financial and business performance information.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSACCT501A Provide financial and business performance information

Element:

Analyse data

Performance Criteria:

1. Expectations and objectives of client are clarified and confirmed to ensure mutual understanding of client goals.
2. The client’s specific legal and financial requirements are identified when establishing, structuring and financing a business.
3. Financial options and processes are discussed with client to develop suitable plans for the provision of information for the achievement of client goals, etc.
4. Progress of plans is reviewed regularly against agreed criteria and results communicated to client
5. Client objectives are monitored to identify changes in client needs
6. Feedback on service is regularly obtained, analysed and incorporated into services to client.
7. Shortfalls in customer service are investigated and proposals for overcoming them are formulated and implemented.

Element:

Assess client needs

Performance Criteria:

1. Advice on reliability and accuracy of data is sought from appropriate authorities and sources in accordance with organisational procedures.
2. Data is compiled in accordance with standard financial reporting requirements.
3. Revenues and costs are analysed in accordance to standard accounting techniques and consistent with the organisation’s objectives
4. All data and reports are analysed in accordance with standard financial analysis techniques
5. Data is reconciled to ensure statements are accurate and comply with organisational procedures and statutory requirements.
6. Information is evaluated in relation to the financial performance of the business, specifically profitability, efficiency, and financial stability

7. Further analysis is undertaken to ensure consistency of analysis with client's business and personal objectives

8. Further evaluation is undertaken to assess the financial potential of the business, its future funding requirements and its statutory obligations

Element:

Prepare advice

Performance Criteria:

1. Advice provides client with a realistic view of financial performance and compliance, including significant taxation issues and comparisons of alternative options.
2. Suitable methods of presentation, language and forms of documentation are used to convey information to client.
3. Advice identifies how risks, contingencies and future cash flows may be identified and quantified
4. Client is advised of risk management options
5. Client is advised of rights and obligations
6. Client is advised on alternative sources and features of short and long term finance


Learning Outcomes


Please refer to Elements of Competency.


Details of Learning Activities

In order to achieve learning outcomes, students will participate in the following activities:

• Attend and prepare notes during scheduled classes
• Participate in class discussions and problem solving exercises
• Research using the internet, industry contacts and prescribed/recommended references.
• Prepare out of class answers to class exercises involving theory based tasks, problem solving tasks, case studies/simulations or multiple choice questions
Complete required assessment tasks


Teaching Schedule

1 Feb 11 Introduction to Course
Introduction to Performance Indicators
2 Feb 18 Short term stability (liquidity) ratio analysis Assignment out
3 Feb 25 Long term stability (leverage) ratio analysis
4 March 3 Utilisation (activity) ratio analysis
The turnovers, benchmarks and problems with use
5 March 10 Profitability Indicators using ratio analysis:
ROA and the profit margins
6 March 17 Profitability Indicators using ratio analysis:
ROI and the interrelationship between gearing and profitability
6 March 24 Profitability Indicators using ratio analysis:
ROI and the interrelationship between gearing and profitability
7 March 31 Comprehensive Exercises
8 April 7 ASSESSMENT WEEK Test
9 April 14 Review of test
Valuation ratio analysis:
PER, dividend and earnings yields, and NTAB
10 April 21 Valuation ratio analysis:
PER, dividend and earnings yields, and NTAB Assignment due
11 April 28 Evaluate your business”:
Compare the actual results against a profile gathered using industry benchmarks
12 May 5 “Develop Performance Measurement (using a balanced scorecard)”:
Specific other measures for your business Case study out
13 May 12 ““Develop Performance Measurement (using a balanced scorecard)”:
Specific other measures for your business
14 May 19 Triple Bottom Line Accounting
Using Published Reports to gauge Performance
15 May 26 Work on case study
16 June 2 Performance management Case study due
17 June 9 Resits or resubmissions
18 June 16 Feedback- course/tests/competencies


Learning Resources

Prescribed Texts

Course Notes:
Provide Financial and Business Performance Information
Produced by Bruce Phillips (First edition)


References

Notes and Exercises will be made available on DLS.
Financial Management Principles and Applications 5th edition
Wilson, Keers, Medlen and Walters


Other Resources


Overview of Assessment

A student must demonstrate a clear understanding of all elements of the required competencies to be deemed competent. Assessment may include a variety of methods such as tests, workbooks, assignments, presentations and class exercises.

Formative feedback is provided throughout the course. This occurs by the teacher providing information to the student to inform them how they are succeeding in the course and areas that require more work to succeed. Formative feedback is not a piece of assessment that contributes to the student’s final result.


Assessment Tasks

Test 30%
Assignment 50%
Case study 20%
To achieve a pass result in this course students MUST gain a pass in each assessment task.


Assessment Matrix

Other Information

Course Description

This unit requires the skills and knowledge required to provide Financial and Business Performance Information. The unit covers assessing client needs, analysing data and preparing advice.
National/Module Code FNSACCT501B
National/Module Title Provide Financial and Business Performance Information

 

This program will also incorporate elements of Employability Skills. Various skills may include communication, problem solving, initiative and enterprise, planning and organising, self management, learning and technology

Course Overview: Access Course Overview