Course Title: Work effectively in the accounting and bookkeeping industry
Part B: Course Detail
Teaching Period: Term2 2023
Course Code: ACCT5421C
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.
To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption.
Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209.
Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus
Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance.
School: 525T Business & Enterprise
Campus: City Campus
Program: C4398 - Certificate IV in Accounting and Bookkeeping
Course Contact: Doug Gourlay
Course Contact Phone: +61 3 9925 5944
Course Contact Email: doug.gourlay@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Upasana Mahajan
Course coordinator
+61 9925 5460
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.
It applies to individuals who occupy roles with some responsibility and use a range of research and organisational techniques to establish and carry out their work requirements in the accounting industry.
Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSACC408 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 to be done 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 networks of individuals 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, type and quality of service to be provided and act on feedback, where applicable 1.6 Identify and use 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 designed to assist in carrying out own work activities 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 requirements |
Performance Criteria: |
3.1 Develop systems to support user needs 3.2 Develop instructions and guidelines for carrying out daily activities according to compliance requirements 3.3 Review and adapt systems as necessary on a regular basis |
Element: |
4. Work autonomously or in a team to complete work activities |
Performance Criteria: |
4.1 Determine tasks to be done and identify required conditions to work autonomously or in team environment 4.2 Plan work to manage resources, time and priorities 4.3 Provide feedback to team members to encourage, value and reward individual and team efforts, and contributions 4.4 Support team to identify and resolve problems that impede its performance 4.5 Adapt to changes in technology and work organisation in a timely manner |
Element: |
5. Develop and maintain own competency |
Performance Criteria: |
5.1 Identify and review own professional development needs and goals on regular basis 5.2 Clarify and comply with competency, authorisation and licensing requirements 5.3 Seek professional development opportunities that reflect own needs and goals in agreed timeframe |
Learning Outcomes
Details of Learning Activities
This course will be delivered face-to-face between Weeks 1-9 during the semester.
A range of learning activities are planned for this course, including either online webinar sessions or collaborative classroom-based activities.
A Practice Firm - Work simulated environment will be set up where students will be employed in the virtual office. The students will be simulating the work in this practice firm every week and will perform normal activities as in an office kind situation, It will give them real working-life experience.
The self-paced activities will be delivered through various technology platforms, including 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 to all scheduled learning activities.
Teaching Schedule
| Week 1 | 13/07/23 |
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 abouth the unit. Start Chapter 1: Developing Professional Working Relationships |
Chapter 1 : Self-Testing Exercises At the end of this session, please attempt Quiz Chapter 1 |
| Week 2 | 20/07/23 |
Chapter 1: Developing Professional Working Relationships cont | Chapter 1 : Self-Testing Exercises |
| Week 3 | 27/07/23 |
Chapter 2: Identify compliance requirements and support material |
Chapter 2: Self-Testing Exercises
|
| Week 4 | 03/08/23 |
Chapter 3: Set up and maintain systems to meet compliance requirements Assessment 1 Review |
Chapter 3: Self-Testing Exercises Chapter 3: Review Questions (even numbers questions only) |
| Week 5 | 10/08/23 |
Chapter 4: Work autonomously or in a team to complete work activities |
Chapter 4: Self-Testing Exercises Assessment 1 due |
| Week 6 | 17/08/23 |
Chapter 5: Develop and maintain your own competency Assessment 2 Review |
Chapter 5: Self-Testing Exercises |
| Week 7 | 24/08/23 |
Assignment 2 Q&A |
|
|
Mid-semester break |
28 August - 3 September Assessment 2 due |
|
| Week 8 | 07/09/23 |
Assessment Feedback & Resubmission if required | |
| Week 9 | 14/09/23 |
Final week for resubmission 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
Evidence of the ability to:
- establish and maintain effective relationships with clients and colleagues
- research and identify organisational policies and procedures relevant to own role
- develop systems and guidelines for work procedures that comply with legislative requirements
- analyse, evaluate and organise information required for own role
- effectively plan work and contribute to team environment, taking into account constraints and available resources
- identify and evaluate opportunities for own professional development.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
Knowledge Evidence
The candidate must be able to demonstrate the following knowledge to effectively complete the tasks outlined in the elements and performance criteria of this unit, and to manage tasks and reasonably foreseeable contingencies in the context of the work role.
- Avenues for identifying other professionals in the accounting and bookkeeping industry
- Requirements of accounting and bookkeeping industry codes of practice
- Policies and procedures required for own role in the accounting and bookkeeping industry
- Statutory, legislative and regulatory requirements for documenting accounting procedures
Assessment Conditions
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the accounting and bookkeeping field of work and include access to:
- organisational policies, procedures, legislation, regulations and codes of practice required for own role
- office equipment, technology, software and consumables required for own role, including an integrated financial software system and data.
Assessors of this unit must satisfy the assessor requirements in applicable vocational education and training legislation, frameworks and/or standards.
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
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 2 assessment tasks are given below:
Assessment 1: Due date as per unit syllabus
The assessment aims to evaluate students' comprehension of building professional working relationships, identifying compliance requirements and supportive resources, and implementing and maintaining systems to meet compliance requirements.
Assessment 2: Due date as per unit syllabus
The purpose of this assessment is to measure students' understanding of working independently or collaboratively in completing tasks, as well as how to enhance and sustain their competence.
Assessment Matrix
The assessment matrix that maps 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
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 the Assessment task document that includes a declaration and statement of authorship.
- 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.
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.
More Information: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/extensions-of-time-for-submission-of-assessable-work
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.
More Information: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/special-consideration
Resubmissions (VE Programs):
If you are found to be unsuccessful in a particular Course Assessment Task (or you do not submit/attend) you will be allowed one resubmission. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission.
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.
Grading & re-submissions
Successful re-submissions will contribute a CAG only (Competency Achieved Grading) result to your overall grade for the course.
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:
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 completing each individual assessment successfully, we then grade your performance in the unit as:
Competent
If you have been unsuccessful in completing each individual assessment then the allocated grade will be :
Not Yet Competent
Course Overview: Access Course Overview