Course Title: Maintain financial records
Part B: Course Detail
Teaching Period: Term2 2013
Course Code: ACCT5334C
Course Title: Maintain financial records
School: 155T Vocational Health and Sciences
Campus: City Campus
Program: C6081 - Advanced Diploma of Dental Prosthetics
Course Contact: Mark Doherty
Course Contact Phone: Ph: (03) 9341 1407
Course Contact Email: mark.doherty@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Brenda Hughes brenda.hughes@rmit.edu.au
Olga Tsibidis olga.tsbidis@rmit.edu.au 9341 1410
Craig McCracken craig.mccracken@rmit.edu.au 9341 1410
Zanne Frazer zanne.frazer@rmit.edu.au 9341 1402
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
Maintain financial records
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
BSBFIA301A Maintain financial records |
Element: |
1. Maintain daily financial records |
Performance Criteria: |
1.1. Correctly maintain daily financial records and in accordance with organisational requirements for accounting purposes 2.1. Maintain general ledger in accordance with organisational requirements |
Learning Outcomes
On completion of this unit you will have the skills and knowledge required to maintain the financial records of a business.
Details of Learning Activities
Investigate range of IT based financial products to support small business
Using workplace scenarios, establish basic financial spreadsheet and use basic spreadsheet functions
Using workplace scenarios relating to the maintenance of financial records participate in role plays and complete accompanying worksheets for management of:
• discrepancies
• documentation
• journals
• transactions
• reconciliations
Teaching Schedule
Legislation, codes and national standards
Organisational requirements eg:
• quality assurances and/or procedures manuals
• procedures for totalling adjusted journals
• resolution procedures
• legal and organisational policy/guidelines and requirements
• security procedures
• guidelines for reconciling journals
• Australian accounting and auditing standards
• designated timelines
Discrepancies
Documentation eg:
Journals
Transactions
Reconciling debtors’/creditors’ systems:
Payment Methods
Teacher: Brenda Hughes
Learning Resources
Prescribed Texts
References
Other Resources
Online research.
RMIT Library.
Overview of Assessment
Incorporation of financial recording procedures in business plan.
Assessment Tasks
This unit is to be assessed in conjunction with BSBADM301A: Maintain business recourses.
Assessment part 2
Produce a detailed business plan for the establishment of a dental prosthetist practice. The business plan produced in Stage 1 of the project will complement stage 2, the combination of which will form your full business plan.
In Stage 2 the detailed plan will address the following issues for the future business:
• Financial information
• establishment costs
• 1st yr projected profit and loss
• cash flow
• balance sheet
• source of funding
• break even analysis
• Action Plan
Word processed report
Assessment Matrix
Production of a business plan that addresses all of the performance criteria. 100%
Course Overview: Access Course Overview