FNSACC527 - Provide management accounting information

Unit code:FNSACC527Study level:TAFE

Nominal hours

Location

Footscray Nicholson

Prerequisites

(Or equivalent to be determined by unit coordinator)
Co-requisites
(Corequisite units must be studied concurrently with this unit)

Overview

This unit describes the skills and knowledge required to gather, record and analyse operating and cost data, prepare budget reports, and review costing system integrity to calculate and record the costs of products and services.The unit applies to individuals who use specialised knowledge and analytical skills to manage complex financial data and develop comprehensive organisational reports.

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:

analyse data and information and provide management accounting information for each of the following:

at least two sets of operating and cost data
costs for at least two products, services or organisational units
at least one cost report and budget according to management information requirements
at least one report on variance between budgeted and actual data; and review integrity of costing systems.

Students will also be expected to demonstrate the following knowledge:

cost behaviour characteristics for different cost elements of a product or service
organisational policies and procedures that apply to costing systems
key requirements of management accounting information relating to own role
key principles and practices of budget preparation
relationship between variance analysis and costing system integrity.

Required reading

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