FNSACC521 - Provide financial and business performance information

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Unit code: FNSACC521 | Study level: TAFE
Credit points
N/A
Location
Footscray Nicholson
Prerequisites
N/A
Overview
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Overview

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.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each units learning outcomes & performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:

  • 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.

Students will also be expected to demonstrate the following knowledge:

  • 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.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by the VU Polytechnic and/or via the Victoria University Polytechnic e-Learning system.

As part of a course

This unit is studied as part of the following course(s):

Diploma of Accounting
FNS50222 | Diploma | Duration:

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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