BAC Course Guide 2020 - Sem 2 PDF

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course guide for bachelor of commerce 2020...

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Bachelor of Applied Commerce & Diploma of Applied Commerce Course Guide for Students

Bachelor of Applied Commerce and Diploma of Applied Commerce Course Guide for Students Contents 1. Welcome ................................................................................................................................................... 3 2. Important contacts and links .................................................................................................................. 4 3. Academic Calendar 2020 ........................................................................................................................ 8 4. Introduction ............................................................................................................................................. 9 5. Degree Structure – Bachelor of Applied Commerce ........................................................................... 10 6. Subject outlines – Bachelor of Applied Commerce ............................................................................. 11 7. Learning and assessment strategies .................................................................................................... 17 8. Additional expectations of student participation ............................................................................... 22 9. Online support ....................................................................................................................................... 23 10. Important information ........................................................................................................................ 23

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1. Welcome It is our pleasure to welcome you to the Bachelor and Diploma of Applied Commerce at St George and Ultimo Campus. The Accounting and Finance section at these campuses have provided training in Accounting and Financial Planning up to Diploma and Advanced Diploma level for many years and we are proud of our highly qualified teaching team, all of whom have a wealth of recent industry experience. It is now mandatory for financial planners in Australia to hold a higher education qualification. Our decision to introduce this degree has therefore been in direct response to industry needs, a factor which has been typical of TAFE as it has grown and developed over more than 120 years. Our degree course consists of students who have previously graduated in other TAFE courses as well as those who are completely new. Whatever your background, you will find that you are entering a program which is highly personalised, well supported with small class groups and a team of teachers fully committed to your success. This handbook will provide you with detailed contact information regarding our Student Administration, your lecturers and tutors as well as course structure and content. It will also introduce you to the many services and facilities at St George and Ultimo. We look forward to meeting you personally and we wish you an inspiring and rewarding experience with us.

Thank you

Diana Bugarcic

Nancy Mikhail

Diana Bugarcic

Nancy Mikhail

Lead Course Coordinator

Lead Course Coordinator

TAFE NSW Higher Education

TAFE NSW Higher Education

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2. Important contacts and links Lead Course Coordinator/s:

Diana Bugarcic Lead Course Coordinator – Financial Planning Phone: +61 2 9598 6280 Email: [email protected] Nancy Mikhail Lead Course Coordinator - Accounting Phone: +61 2 9598 6245 or 9217 4910 Email: [email protected]

Course Coordinators / Head Teachers: Diana Bugarcic, Head Teacher Accounting & Finance – St George Course Coordinator – Ultimo campus Phone: +61 2 9598 6280 or 9217 3885 (Ultimo) Email: [email protected] Nancy Mikhail, Head Teacher Accounting & Finance – St George Course Coordinator – Ultimo campus Phone: +61 2 9598 6245 or 9217 4910 (Ultimo) Email: [email protected] Marriane Said, Head Teacher Accounting & Finance – St George DAC Course Coordinator – St George and Ultimo campus Phone: +61 2 9598 6272 Email: [email protected] Lekha Ganatra, Head Teacher Accounting & Finance – St George BAC Course Coordinator – St George and Ultimo campus Phone: +61 2 9598 6273 Email: [email protected] Anthony Brombal, Head Teacher Accounting and Finance – Meadowbank BAC Course Coordinator - Ultimo DAC and BAC Course Coordinator - Meadowbank Phone +61 99423732 Email: [email protected]

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Teachers

Michael Knoke, Full time Teacher Accounting & Finance – St George Phone: +61 2 9598 6271 Email: [email protected] Scott Young, Full time Teacher Accounting & Finance Phone: +61 02 9217 3250 Email: [email protected] Zaved Karim, Full time Teacher Accounting & Finance Email: [email protected] Brian Katzen, Full time Teacher Accounting & Finance Email: [email protected] Rebeca Esquivel Martinez, Part time Teacher Accounting & Finance Email: [email protected] Jacinda Green, Part time Teacher Accounting & Finance Email: [email protected] Marisa Hoad, Part time Teacher Accounting & Finance Email: [email protected] Lidia Soliman, Part time Teacher Accounting & Finance Email: [email protected] Sharon Rumble Part time Teacher Accounting & Finance Email: [email protected] Alexis Wheatley, Part time Teacher Accounting & Finance Email: [email protected] Mark Fox, Part time Teacher Accounting & Finance Email: [email protected] Anne Bihancov, Part time Teacher Accounting & Finance Email: [email protected] Tania Green, Part time Teacher Accounting & Finance Email: [email protected] Jim Kolovos, Part time Teacher Accounting & Finance Email: [email protected] Rohan Shepherd, Part time Teacher Accounting & Finance Email: [email protected]

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Ross Summerfield, Part time Teacher Accounting & Finance Email: [email protected] Frank Zhu, Part time Teacher Accounting & Finance Email: [email protected] Murray Gibbins, Part time Teacher Accounting & Finance Email: [email protected] John Yu, Part time Teacher Accounting & Finance Email: [email protected] Stephanie Hill, Part time Teacher Accounting & Finance Email: [email protected] Cansu Col, Part time Teacher Accounting & Finance Email: [email protected] Steven Rosenstrauss, Part time Teacher Accounting & Finance Email: [email protected] Sorab Daver, Part time Teacher Accounting & Finance Email: [email protected] Kimberley O'Keefe, International Coordinator St George Phone: +61 0414 978 541 Email: [email protected] Jenny Lynch, International Coordinator Ultimo Phone: +61 9217 3864 Email: [email protected] Megan De Clouett, Education Administration Support – Accounting & Finance Phone: +61 02 9598 6162 Email: [email protected]

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Campus Security:

Phone: +61 2 9598 6122 St George or 9217 3333 Ultimo

Moodle login:

https://courses.highered.tafensw.edu.au

TAFE NSW Higher Education:

https://www.tafensw.edu.au/get-started-at-tafe-nsw/tafepolicies/policies?category=higher-education

TAFE NSW Policies & Procedures:

TAFE NSW Policies and Procedures

Study Assist - FEE HELP:

Study Assist - FEE HELP

DEC International - Degree Courses:

Higher Education International Student Information

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3. Academic Calendar 2020 SEMESTER TWO ACTIVITIES

KEY DATES

Semester 2 Orientation week

20 – 24 July 2020

Semester 2 Commences

27 July 2020

Higher Education Census date for Semester 2

19 August 2020

Applications for Semester 1 intake open

24 August 2020

Higher Education Spring Mid Semester Break

28 Sep – 09 Oct 2020

Higher Education Study week

2 Nov – 6 Nov 2020

Higher Education Examination week

09-20 November 2020

Last day Semester 2

20 November 2020

Higher Education Summer Holidays

30 Nov 2020 – 15 Feb 2021

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4. Introduction Bachelor of Applied Commerce TAFE NSW Higher Education Course Numbers: Majoring in Financial Planning - HE20531 Majoring in Accounting - HE20532 Double Major - HE20535 Diploma of Applied Commerce - HE20515

Why study with us? The Bachelor of Applied Commerce is a three-year professional degree preparing graduates for employment in the financial services sector in Australia and overseas. The course has been designed with two majors: an accounting major and a financial planning major and is a three year qualification full time or part time equivalent. Students may also elect to complete a double major in both Accounting and Financial Planning for an additional one semester fulltime. The Bachelor of Applied Commerce has been designed to incorporate common subjects that students of both majors will complete, with specialisation subjects undertaken in years two and three. All students complete eight common subjects in the first year. In second year, there are four common subjects, with students completing a further four specialist subjects for their chosen major. In third year, students complete two common subjects including an internship, and a further six specialist subjects for their chosen major (and the double major by completing 4 additional subjects). A Diploma of Applied Commerce is also available and requires the completion of all eight Level 100 subjects. The Diploma of Applied Commerce is a one year qualification full time or part time equivalent. Graduates of the Bachelor of Applied Commerce will: • Utilise broad knowledge of the financial services industry and in-depth theoretical and practical knowledge in financial planning, accounting and related fields. • Apply underpinning knowledge of financial concepts, current industry products, practices and legal and regulatory requirements required to contribute positively to a work environment. • Employ mandatory standards of sustainable and ethical financial practice in their work, act with integrity in their dealings with others reflecting principled regard to social, economic, regulatory, local and global issues. Graduates of the Diploma of Applied Commerce will: • Apply broad knowledge of financial process and industry practice in limited contexts. • Utilise underpinning knowledge of fundamental financial business concepts, products and legal and regulatory requirements. • Act with integrity, employing mandatory standards of sustainable, socially just and ethical practice in their work. 8 April 2020 Page 9 of 30

5. Degree Structure – Bachelor of Applied Commerce The structure below is the typical study pattern for a full time student. Elective choices and study pattern is determined by the campus. All Subjects are worth 10 credit points (CP). The Bachelor of Applied Commerce requires the completion of 24 subjects and 240 credit points. The Diploma of Applied Commerce requires the completion of 8 Level 100 subjects and 80 credit points

LEVEL 100: YEAR ONE – FOUNDATION KNOWLEDGE AND SKILLS Semester 1

Core Subjects

Semester 2

Core Subjects

ACBUS101A Academic Foundations ACBUS102A Management Fundamentals

BUMAN201A Business Maths and Statistics ACBUS106A Marketing Fundamentals

ACBUS103A Foundations of Accounting ACBUS104A Finance and Investment

ACBUS107A Financial Planning Fundamentals ACBUS108A Applied Economics

Diploma of Applied Commerce Exit Point LEVEL 200: YEAR TWO – APPLICATION & DEVELOPMENT Semester 3

Core Subjects

Semester 4

ACBUS201A Commercial Law I ACFIN201A Psychology of Client Engagement ACFIN202A Insurance Planning + 1 elective – Financial planning major ACACT201A Accounting Information Systems ACACT202A Management Accounting + 1 elective – Accounting major

Core Subjects

ACBUS202A Commercial Law II ACBUS203A Income Tax Law ACBUS204A Business Finance + 1 elective – Financial planning major ACACT203A Financial Accounting

LEVEL 300: YEAR 3 - SYNTHESIS Semester 5

Semester 6

Core Subjects

ACFIN301A Superannuation and Retirement ACFIN302A Investment Analysis ACFIN303A Estate Planning + 1 elective – Financial planning major

ACBUS301A Applied Income Tax ACBUS302A Internship ACFIN304A Financial Plan Construction + 1 elective – Financial planning major

ACACT301A Corporation and Trust Law ACACT302A Advanced Financial Accounting ACACT303A Advanced Management Accounting + 1 elective – Accounting major All must do – Core subjects Financial Planning major core Accounting major core

ACACT304A Audit and Assurance in Practice ACACT305A Contemporary Accounting Concepts

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6. Subject Overview – Bachelor of Applied Commerce The information on the following pages provides an overview of each subject in the course. It is for information purposes only, and individual Subject Guides are distributed to enrolled students which detail full learning and assessment requirements for each subject.

Year 1: ACBUS101A Academic Foundations The aim of this subject is for students to develop academic skills including the ability to plan, organise and implement tasks required to complete assessments and projects, research and evaluate reputable academic sources and apply academic honesty through the use of a referencing system. Credits: 10, Classes: 2 hour lectures and 2 hour tutorials, Prerequisites: Nil ACBUS102A Management Fundamentals This subject provides students with an introduction to management concepts, tools and frameworks which can be used by professionals in their working careers. The management functions associated with organising, leading, planning and controlling and how they are integrated are also explored. Credits: 10, Classes: 2 hours lectures and 2 hours tutorials, Prerequisites: Nil ACBUS103A Foundations of Accounting In this subject students are introduced to accounting and the business environment in which accountants operate. Students develop the skills to apply principles and practices relating to accounting activities in a variety of business entities, analyse the Australian reporting environment and how it impacts on the preparation of basic financial statements. Credits: 10, Classes: 2 hour lectures and 2 hour tutorials, Prerequisites: Nil ACBUS104A Finance and Investment This subject provides the foundation for students to understand the operation of financial markets and the impact of these markets on investment returns. It provides an introduction to the structure of the Australian financial system, its financial participants, institutions, and regulatory bodies including the financial instruments that are traded on these markets and the impact of globalisation on the financial system and economy. Credits: 10, Classes: 2 hour lectures and 2 hour tutorials, Prerequisites: Nil BUMAN201A Business Maths & Statistics This subject provides students with fundamental knowledge of mathematical calculations and statistical functions and analysis, and their respective application in business processes, problem solving and decision making. By understanding basic statistical concepts, formulae and statistical techniques students will be equipped to critically analyse problems and also realise the limitations of such quantitative analysis. The topics covered in this unit may include: commission, personal and company tax, GST, break-even analysis, depreciation statistics, probability concepts, sampling and time series, indexes, correlation and regression analysis. Credits: 10, Classes: 2 hour lectures and 2 hour tutorials, Prerequisites: Nil

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ACBUS106A Marketing Fundamentals Students will be introduced to the fundamental concepts of marketing and encouraged to use those concepts to develop a deeper understanding of how organisations market themselves in varying environmental contexts. A holistic understanding of the how the different components of marketing integrate, and the development of basic marketing skills will be examined. Credits: 10, Classes: 2 hour lectures and 2 hour tutorials, Prerequisites: Nil ACBUS107A Financial Planning Fundamentals In this subject students will learn about the components that encompass the financial planning process in Australia. Students will make reference to the continuum between consumers - advisers - industry bodies - government regulators and government. This subject will also concentrate on the Financial Planning Standards Board body of knowledge (insurance, investment and debt) as a holistic approach to meeting a client’s goals, needs and objectives, in an ethical, socially responsible and fiduciary manner. Credits: 10, Classes: 2 hour lectures and 2 hour tutorials, Prerequisites: Nil ACBUS108A Applied Economics The objectives of this subject are to equip future accountants, financial planners and business people with an understanding of domestic and international economies, key economic indicators, government, social and environmental policies and issues, to aid in the business decision making process. Credits: 10, Classes: 2 hour lectures and 2 hour tutorials, Prerequisites: Nil

Year 2: ACACT201A Accounting Information Systems This subject introduces the fundamental ideas and principles that underlie the operation of systems within organisations. It covers system characteristics and considerations and takes into account the structure of organisations, its business processes and the way data is gathered, managed and processed in order to address new and emerging issues. Credits: 10, Classes: 2 hour lectures and 2 hour tutorials, Prerequisites: ACBUS103A Foundations of Accounting

ACACT202A Management Accounting This subject aims to give you an understanding of various cost and management accounting techniques used in less simple manufacturing, merchandising and service organisational environments. You will gain an understanding of the importance of selecting appropriate techniques to provide relevant information to assist management in making decisions for the future benefit of the organisation within the environment in which it operates. Credits: 10, Classes: 2 hour lectures and 2 hour tutorials, Prerequisites: ACBUS103A Foundations of Accounting

ACACT203A Financial Accounting The subject equips students with an understanding of the importance of reliable financial reports including the impact of accounting policy choices, and the theory and practice of professional judgment in accounting. Credits: 10, Classes: 4 hour workshops, Prerequisites: ACBUS103A Foundations of Accounting

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ACBUS201A Commercial Law I This subject will enable students to develop knowledge and skills of commercial and business law principles within the Australian legal system. Contract and consumer law is also examined to equip students with the knowledge and abilities to apply the relevant laws to a client’s circumstances. Credits: 10, Classes: 2 hour lectures and 2 hour tutorials, Prerequisites: Nil

ACBUS202A Commercial Law II This subject will build upon the foundations of commercial law delivered in Commercial Law 1 and will introduce students to the concept of a tort and range of tortious conduct; liability and remedies in the world of business with reference to negligence, negligen...