UNIT GUIDE
FNS40217 – CERTIFICATE IV IN ACCOUNTING & BOOKKEEPING
FNSACC313 – PERFORM FINANCIAL CALCULATIONS
Section 1 – Unit Learning and Assessment Information
Unit details
Unit Code
Unit Title
FNSACC313
Perform Financial Calculations
Semester
2
Year
2020
Class
20W41
Day/s
Monday
Time
9:30am to 11:30am
No. of weeks
10
Room/s
Remote Digital
Delivery
Location
Werribee
Contact details
Name
Telephone
Email
Teacher
Mary Anne Lapira
MaryAnne.Lapira@vu.edu.au
Course Leader
Daniel Webster
daniel.webster@vu.edu.au
Coordinator
Rebecca Scorgie
rebecca.scorgie@vu.edu.au
Manager
Tanya Schembri
(03) 9919 2926
tanya.schembri@vu.edu.au
Mode of Delivery
Trainer led
Non-supervised delivery
Face-toFacilitated
Face
(Classroom- eLearning
based)
☒
☐
WIL Practical
Placement
Structured
Learning
Activities
WIL - Practical Placement
☐
☒
☐
Learning Support
If you experience difficulty with the learning in this unit, talk to your teacher as early as possible.
Your teacher will help to ensure that appropriate learning support is made available.
VET Unit Guide v4.0 Oct 2019
Victoria University, RTO Code 3113, CRICOS Provider No.
00124K (Melb) 02475D (Syd)
[FNS40217] [FNSACC313] [v1.1] [FEB] [2020]
Page 2 of 6
Delivery & Assessment Schedule
Sessions
No.
1.
Date
28-Sep
Topics/Activities
(including any pre-reading/resources required)
•
•
•
•
•
•
Assessment
Introduction to unit and teacher
Unit guide – Access via VU Collaborate
Elements of Competency – What will the unit cover
Assessment methods – Assessments
Subject protocols – methods of delivery/facilitation
Materials & Communication – Access via VU
Collaborate
Basic Mathematics

Order of Operations BODMAS

Fractions

Percentages

Decimals

Calculating GST

Introduction to Algebra
2.
5-Oct
3.
12-Oct
4.
19-Oct
5.
26-Oct
Pre-Class Activities

eLearning Activity – 1. Basic Mathematics &
2. Applying Percentage Calculations to Business
Linear Equation & Graphing

Linear Equations

Determine Profit of Loss

Solving Simultaneous Equations & Break Even
Pre-Class Activities
eLearning Activity – 5. Straight Line Graphs
Linear Equation & Graphing

Solving Simultaneous Equations

Graphing using Excel

Finalise Assessment &
Submit by the End of Class
Start Assessment 1 –
Integrated Accounting
Project
Submit Assessment 1 –
Integrated Accounting
Project
Interest Calculations

Simple Interest

Introduction to Compound Interest
Pre-Class Activities
eLearning Activity – 3. Interest and Annuities
Interest Calculations

Loans

Annuities
6.
2-Nov
7.
9-Nov
8.
16-Nov
9.
23-Nov
Re-submissions Assessments 1 & 2
(if required)
10.
30-Nov
Re-submissions Assessment 1 & 2
(if required)

Practice - Calculation Quiz
1.5 hours to complete in class
Calculation Quiz
1.5 hours to complete in class
VET Unit Guide v4.0 Oct 2019
Victoria University, RTO Code 3113, CRICOS Provider No.
00124K (Melb) 02475D (Syd)
Assessment 2 –
Calculation Quiz
[FNS40217] [FNSACC313] [v1.1] [FEB] [2020]
Page 3 of 6
Section 2 – Unit Assessment Information
The assessment tasks listed here are those you must complete satisfactorily to be deemed
competent for the units within this cluster.
Due
Date/s
Assessment Task Title
Description of Task
1. Integrated Accounting Project
Microsoft Excel Assignment
Session 4
2. Calculation Quiz
1.5 Hours Test to complete in class on VU Collaborate
Session 8
Assessment for Competency
Please read the following instructions about your assessment. They will help you to achieve the
level of performance required to achieve success.
It is important that you clearly understand all the requirements of your assessments. If you are
having difficulty with the terminology or the steps to follow please speak to your teacher / instructor
prior to commencing.
The assessment criterion tables included for each assessment task provide you with clear
information about the particular skills and abilities that your assessor will be looking for in your
work. You are encouraged to self-assess your own work so that you can be confident you will
meet the stated criteria for satisfactory performance of the task.
There might be quality checkpoints highlighted throughout the assessment that you need to
observe. At these points, your teacher/instructor will check your work prior to progressing.
During or following the assessment you may be asked by your teacher to explain various aspects
of work submitted or completed to test your underlying knowledge and skills.
On completion of this assessment your assessor will provide feedback. You should also take this
opportunity to discuss any concerns you had with the assessment. An opportunity for you to
record these comments into your assessment record will be provided to you.
Re-Assessment
If you do not achieve the required standard, you will be given the opportunity to be re-assessed.
Arrangements will be made on an individual basis; however, you must be proactive to ensure that
an appropriate time can be found for this.
Assessment Appeals
If you disagree with the outcome of an assessment task, you have the right to request a review of
the assessment. You will be given the opportunity to record your concerns on the teacher’s record
of the assessment and again on the unit outcome record.
In the first instance, such requests will ensure that your work is reviewed by a second person
within the teaching area and you will be advised of the outcome of this review in writing, most likely
by email.
If you wish to take the matter further, a formal appeal will need to be lodged. Instructions on how
to do this can be found on the student portal.
VET Unit Guide v4.0 Oct 2019
Victoria University, RTO Code 3113, CRICOS Provider No.
00124K (Melb) 02475D (Syd)
[FNS40217] [FNSACC313] [v1.1] [FEB] [2020]
Page 4 of 6
Assessment Task 1
Assessment Task Title:
Integrated Accounting Project – Perform Financial Calculations
Instructions for the Student:
 This is an individual assessment.
 Questions are to be completed using Microsoft Excel and submitted no later than the due date as
per this unit guide.
 Late submission without application and approval of an extension prior to the due date will forfeit
your chance for a resubmission.
 Ask your assessor if you are unsure about any aspect of the assessment
Documents to submit:
A soft copy of your assessment is to be submitted to the VU Collaborate Dropbox and the file name should
follow the following convention:
[Unit Code] – [Assessment Title] – [First & Last Name] [Student I.D.]
Assessment Task:
 Each student will be given a business case file in class that will contain the information required to
complete this assessment. The business case file will relate to a small business where the student
has recently been employed to manage the accounting functions within the business. In this role the
student is required to prepare financial documentation as per the requirements detailed in the case
file, this includes:
a) a scatter plot using the Revenue data
b) a trend line and equation of the revenue scatter plot
c) an estimate of revenue, using an excel formula
d) the same documentation as per steps a) – c) using the Expenses data
e) a calculation of profit earned and projected profit
f) saving your data, following organisational procedures


While these cases all cover the same criteria, they are all different so please ensure you read the
information given to you carefully to ensure your individual answers are correct.
For all other details please see your case file provided.
Criteria for Satisfactory Performance of the Task
Your teacher will evaluate your work according to the criteria for satisfactory performance of the task listed
below. If you wish to, you may use the “self-assess” column to evaluate your own performance against each
criterion.
Self-Assess
ASSESSMENT TASK 1:
1.
2.
3.
4.
5.
6.
Obtain input data and verify as required for workplace calculations
Determine required outcomes of calculations and confirm from task
specifications
Use simple spreadsheets where necessary to perform repeated calculations
Perform financial calculations to complete work requirements using
techniques suited to selected method
Record calculation results according to organisational requirements
Store or electronically file calculation worksheets for future use according to
organisational policy and procedures
VET Unit Guide v4.0 Oct 2019
Victoria University, RTO Code 3113, CRICOS Provider No.
00124K (Melb) 02475D (Syd)
[FNS40217] [FNSACC313] [v1.1] [FEB] [2020]
Page 5 of 6
Assessment Task 2
Assessment Task Title:
Calculation Quiz
Instructions for the Student:
 This is an individual assessment.
 You will have 1.5 hours to complete all questions.
 A Scientific Calculator is required for this test. They will not be provided for you so please ensure you
bring one.
 Assessment must be completed in class as per the Delivery and Assessment Schedule.
 You will be required to login to VU Collaborate in class to complete the test. Any students who do not
attend class but login at an alternative location will not have their answers assessed.
 Workings must be shown where required. Any answers without workings, where asked for, will not
be assessed.
 Ask your assessor if you are unsure about any aspect of the assessment
Documents to submit:
Questions will be completed and submitted online in VU Collaborate
Criteria for Satisfactory Performance of the Task
Your teacher will evaluate your work according to the criteria for satisfactory performance of the task listed
below. If you wish to, you may use the “self-assess” column to evaluate your own performance against each
criterion.
Self-Assess
ASSESSMENT TASK 2:
1.
2.
Identify and obtain equipment required to perform calculations, including
hand-held calculators
Select method suitable for required calculations
3.
Perform financial calculations to complete work requirements using
techniques suited to selected method
4.
Check results to confirm that calculations are accurate and meet required
outcomes, and identify and correct routine computational errors
5.
Apply mathematical techniques and methods of calculation, including to
calculations of goods and services tax (GST)
6.
Apply mathematical techniques and methods of calculation, including to
calculations of simple interest
7.
Apply mathematical techniques and methods of calculation, including to
calculations of compound interest
8.
Apply mathematical techniques and methods of calculation, including to
calculations of basic loan calculations
VET Unit Guide v4.0 Oct 2019
Victoria University, RTO Code 3113, CRICOS Provider No.
00124K (Melb) 02475D (Syd)
[FNS40217] [FNSACC313] [v1.1] [FEB] [2020]
Page 6 of 6