Unit Study Guide

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Qualification Code and FNS30322 Certificate III in Accounts Administration

Name FNS40222 Certificate IV in Accounting and Bookkeeping

Unit Code and Name FNSACC323 Perform financial calculations

Teacher’s Name <Insert Teacher's Name>

Teacher’s Email name.surname@tafeqld.edu.au

Consultation Details <Insert relevant information e.g. Campus, Times, Room Number of
teacher; chat times; phone number>

Study Period <Insert semester/year or block >

What will I learn?

This unit describes the skills and knowledge required to use a range of routine calculation methods and
techniques when performing routine financial calculations and checking calculation outcomes.
The unit applies to individuals who use literacy, numeracy and digital literacy skills to perform routine
computational tasks as part of their operational job role.
No licensing, legislative or certification requirements apply to this unit at the time of publication.

Are there any special requirements?

You will need to have access to a computer, MS Word and Excel, basic stationery and a hand held
calculator (can be a phone). The required textbook is Perform Financial Calculations, which is
accessible through the Connect learning system provided by TAFE Queensland. This textbook is
available for purchase directly from the publisher, and details are available from your teachers.

Where can I get more information?

For further information on your qualification, accredited course or Unit/s of Competency, please go to:
https://training.gov.au/Training/Details/FNSACC323

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What do I need to do to be successful?

You are required to satisfactorily complete all assessments listed in the table below to receive a
‘Competency Achieved’ result for the Unit(s) of Competency. You are responsible for complying with
TAFE Queensland’s assessment rules and complete assessment tasks honestly. You need to follow all
assessment instructions, including submission details and retain a copy of all assessment items.
You must submit assessment on or by the due date, unless an extension has been granted. Failure to
submit or complete assessment on or by the due date will result in a “did not submit/sit” (DNS) being
recorded (unless there are exceptional circumstances) and you will have five (5) business days to submit
your second and final attempt. Refer to the TAFE Queensland Student Rules for details.

Assessment Related Unit/s of

Assessment Type and Name Due Date
Task Competency
Portfolio of Evidence – Perform financial
AT1 Week 3
calculations

AT2 Portfolio of Evidence – Financial calculations Week 7

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What will be covered in each class / session?

Learning Schedule
This learning schedule is a guide only and is intended to assist you in successfully completing this program of study. It provides information about the
activities you are required to complete in association with your teacher/trainer (guided delivery) as well as activities to be completed in your own time and
the suggested timeframes.
Additional support is available to help you achieve your learning goals. Speak to your teacher or a Student Services/Learning Support team member.

Week /
Topic Covered / Content Teacher Directed Activities Self-Directed Activities
Session

1 Module 1: Basic Mathematics Work through modules completing all self-testing Self testing exercises and in class exercises
 Basic mathematical operations exercises/Review Quiz not completed in class. Other activities as
 Fractions directed by the teacher.
 Converting fractions, percentages and
decimals Read learning material content.
 Factorising – Not required

Module 2: Applying percentage

values to business
 Percentage Calculations in trading
situations
 Sales commissions
 Taxation

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Week /
Topic Covered / Content Teacher Directed Activities Self-Directed Activities
Session

2 Module 3: Interest and annuities Work through modules completing all self-testing Self testing exercises and in class exercises
 Simple interest exercises/Review Quiz not completed in class. Other activities as
 Compound interest directed by the teacher.
Complete the Week 2 Quiz
 Annuities – Not required
Do not purchase a financial calculator Read learning material content.
Appendix 1 – The financial calculator just for this competency Work on assessment.
– read only
 Basic features
 Compound interest
 Calculating the effective interest rate
 Annuities
 Amortization of a loan
 Bonds and debentures and their pricing

3 Appendix 2 : Introduction to Work through modules completing all self-testing Self testing exercises and in class exercises
spreadsheets exercises/Review Quiz not completed in class. Other activities as
 What is a spreadsheet? directed by the teacher.
 The excel environment
Read learning material content.
 Column-Width formatting
 Cell formatting Work on assessment.
 Spreadsheet arithmetic operation
 Spreadsheet formulae
 Spreadsheet functions
 Display of formula and functions
 The copy commands

Appendix 3: Using a spreadsheet

 Compound interest
 Annuities – Not required
 Depreciation
Revision modules 1 – 3 and Assessment 1 due Sunday 11:59pm
Appendix 1-3

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Week /
Topic Covered / Content Teacher Directed Activities Self-Directed Activities
Session

4 Module 4: Depreciation Work through modules completing all self-testing Self testing exercises and in class exercises
exercises/Review Quiz.
 Definitions not completed in class. Other activities as
 Depreciable amount of an asset directed by the teacher.
 Straight line depreciation
Read learning material content.
 Diminishing depreciation
Work on assessment.

5&6 Module 5: Straight line graphs Self testing exercises and in class exercises
 Straight line equations and breakeven not completed in class. Other activities as
analysis directed by the teacher.
 Graphing the breakeven point
Read learning material content.
 Using breakeven to determine profit and
loss Work on assessment.

7 Assessment 2 due Sunday 11:59pm

10

11

12

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