Course Title: Monitor corporate governance activities

Part A: Course Overview

Program: C6148 Advanced Diploma of Accounting

Course Title: Monitor corporate governance activities

Portfolio: BUS Portfolio Office

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)

ACCT5386C

City Campus

TAFE

650T Vocational Business Education

Face-to-Face or Internet

Term2 2016,
Term1 2017,
Term2 2017,
Term1 2018,
Term2 2018,
Term1 2019,
Term2 2019

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 research corporate governance reporting trends, examine corporate governance standards and practices, and review compliance to develop and implement processes and procedures for meeting corporate governance obligations.

It applies to individuals who use and maintain current and specialised knowledge and analytical skills to provide advice on organisational processes to meet compliance and management requirements.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

Pre-requisite Courses and Assumed Knowledge and Capabilities

There are no pre-requisites for this unit.



National Competency Codes and Titles

National Element Code & Title:

FNSACC604 Monitor corporate governance activities

Elements:

1. Establish corporate governance standards and practices

2. Identify corporate governance reporting trends

3. Determine processes for corporate governance adherence

4. Review corporate governance compliance


Learning Outcomes


Overview of Assessment

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

Performance Evidence

Evidence of the ability to:

  • research corporate governance reporting trends
  • determine processes for monitoring corporate governance adherence
  • examine and review corporate governance standards and practices following:
    • professional accounting standards
    • organisational policy and procedures
    • statutory and regulatory requirements
       

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • access and accurately interpret authority regulations and requirements
  • identify and explain the key features of current financial legislation, and statutory and regulatory requirements
  • explain the current formats required for submission of statutory returns
  • discuss ethical considerations relating to compliance and governance
  • outline the key management processes that support corporate governance
  • identify and explain the forms and functions of employee records
  • identify and explain the key principles of:
  • internal control
  • valuation and common methods of depreciation
  • discuss the significance of performance indicators and key result areas relevant to monitoring corporate governance activities
     

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered where evidence gathered demonstrates consistent performance of typical activities experienced in the accounting field of work and include access to:

  • common office equipment, technology, software and consumables
  • an integrated financial software system and data
  • corporate governance documentation and organisational operational policy and procedures information

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.