Course Title: Work effectively in the accounting and bookkeeping industry
Part B: Course Detail
Teaching Period: VE 2024
Class Number: 2854
Class Section: AC4Z
For flexible terms and optional semesters, a Part B course guide may have been published for the entire teaching period, or for the specific class number in which you are enrolled. If there is no Part B course guide published for your specific class number, please refer to the guide for the teaching period in which you are enrolled. Enrolment Online is the definitive source for details regarding your class enrolment.
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
Course coordinator: Meetu Aggarwal
Phone: +61 9925 1621
Email: meetu.aggarwal@rmit.edu.au
Timings: 8:30am to 5:30pm Monday to Friday
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
Welcome to FNSACC418 Work effectively in the accounting and bookkeeping industry.
This is a 9-week course, and all learning and assessment activities for this course must be completed within this time. A weekly breakdown of the activities for this course can be found in the ‘Teaching Schedule’ section below.
To ensure you accomplish the expected learning outcomes of this course, you will be required to devote study time each week outside of scheduled class times, completing exercises, activities and assessment tasks.
All assessment tasks should be completed and submitted by their due dates as shown in CANVAS.
Teaching Schedule
| Week 1 |
Introduction, Welcome and Orientation and Important Information about the unit course, Teacher contact info, Canvas Navigation, Unit Modules, Resources/Textbook, Assessment and other Q&A about the unit. |
Chapter 1 : Self-Testing Exercises At the end of this session, please attempt Quiz Chapter 1 |
| Week 2 |
Chapter 1: Developing Professional Working Relationships cont.. |
Chapter 1 : Self-Testing Exercises |
| Week 3 | Chapter 2: Identify compliance requirements and support material |
Chapter 2: Self-Testing Exercises |
| Week 4 |
Chapter 3: Set up and maintain systems to meet compliance Assessment 1 Review |
Chapter 3: Self-Testing Exercises Chapter 3: Review Questions (even numbers questions only) |
| Week 5 | Chapter 4: Work autonomously or in a team to complete work activities |
Chapter 4: Self-Testing Exercises Assessment 1 due |
| Week 6 |
Chapter 5: Develop and maintain your own competency Assessment 2 Review |
Chapter 5: Self-Testing Exercises Chapter 5: Review Questions(even numbers questions only) |
| Week 7 | Assignment 2 Q&A |
Assessment 2 due |
| Week 8 | Assessment feedback & resubmissions, if required | |
| Week 9 | Final week for resubmissions, 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 two assessment tasks are given below:
Assessment 1: Week 5
This is a knowledge based assessment which you will need to be complete in your own time.
You will be provided with a simulated business situation and will be answering questions based on that.
Assessment 2: Week 7
This is a knowledge based assessment which you will need to be complete in your own time.
You will be provided with a simulated business situation and will be answering questions based on that.
Assessment Matrix
The assessment criteria for 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
Attendance
Your learning experience will involve online teaching, discussion, demonstration and practical exercises
It is strongly advised that you attend all timetabled sessions. This will allow you to engage in the required learning activities, ensuring you the maximum opportunity to complete this course successfully.
Information about your studies
You can access My Studies through the RMIT website for information about timetables, important dates, assessment dates, results and progress, Canvas etc.
https://www.rmit.edu.au/students
Canvas
Use Canvas to access your course content and announcements, submit assignments, and receive your grades and feedback;
https://www.rmit.edu.au/students/support-and-facilities/it-services-for-students/canvas
Student feedback at RMIT:
You will receive verbal and written feedback by teacher on your work. This feedback also includes suggestions on how you can proceed to the next stage of developing your projects.
The following link is an outline and ways that you will receive your feedback at RMIT;
Assessment
Information on assessment including Special consideration, Adjustments to assessment, (eg. applying for an extension of time):
https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment
Submitting Assessments onto Canvas
Here is a guide to submitting assessments on Canvas;
Student Progress Monitoring
Academic progress is an important enabling and proactive strategy to assist you to achieve your learning potential.
Please see following access to the Student progress policy webpage; https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/academic-progress
Academic Integrity and Plagiarism
RMIT University has a strict policy on plagiarism and academic integrity. Please see following access for more information on Academic Integrity at RMIT; https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/academic-integrity
Credit Transfer and Recognition of Prior Learning
Credit transfer is the recognition of previously completed formal learning (an officially accredited qualification).Recognition of Prior Learning (RPL) is an assessment process that allows you to demonstrate competence using the skills you have gained through experience in the workplace, voluntary work, informal or formal training or other life experiences.
Please speak to your teacher if you wish to discuss applying for Credit Transfer or RPL for the unit(s) of competency addressed in this course.
https://www.rmit.edu.au/students/student-essentials/enrolment/apply-for-credit
Course Overview: Access Course Overview