Course Title: Provide financial and business performance information

Part A: Course Overview

Program: C5424 Diploma of Accounting

Course Title: Provide financial and business performance information

Portfolio: Vocational Education

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.

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ACCT5439C

City Campus

TAFE

525T Business & Enterprise

Face-to-Face or Internet

 Term2 2023,
Term1 2024

Course Contact: Doug Gourlay

Course Contact Phone: +61 3 9925 5944

Course Contact Email: doug.gourlay@rmit.edu.au



Course Description

This unit describes the skills and knowledge required to analyse and report on a broad range of financial and business performance information. It involves assessing client needs, analysing data, and preparing advice.

The unit applies to individuals who, in line with their level of authority, use specialised knowledge, systematic approaches, and analytical techniques to research and prepare customised information for clients.

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.

Pre-requisite Courses and Assumed Knowledge and Capabilities

There is no pre-requisite for this unit.



National Competency Codes and Titles

National Element Code & Title:

FNSACC521 Provide financial and business performance information

Elements:

1. Assess organisation needs

2. Analyse data

3. Prepare and provide financial and business performance advice to internal stakeholders

Learning Outcomes


Overview of Assessment

In order to achieve competency in this unit, you must provide:

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:

  • prepare and document at least one piece of financial and business performance advice that:
  • complies with financial legislation and accounting standards, practices and principles
  • assesses general taxation, compliance and business viability issues faced by a client
  • assesses risk management options and practices.

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:

  • functions and features of policies and processes relating to financial and business performance information
  • common techniques used to assess and forecast financial and business performance
  • methods to assess client needs according to legal and financial business requirements
  • methods to compile, reconcile and analyse data
  • features of complex taxation issues and escalation procedures
  • features and principles of future cash flows
  • methods to quantify cash flows
  • common types of short-term and long-term finance and alternative finance sources
  • financial risks, contingencies, and risk management options relating to financial and business performance
  • key components of a recommendations report relating to financial and business performance, including:
  • advice on how future cash flows may be identified and quantified
  • advice on alternative finance sources and features of short-term and long-term finance
  • risk management options and contingencies
  • rights and obligations.

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:

  • office equipment, technology, software and consumables required to provide financial and business performance information, including digital technologies to access, extract and share information
  • access to the internet
  • sources of information on organisation’s needs.

Assessors of this unit must satisfy the requirements for assessors 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.