The Virtual Business Manual

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					Victoria University of Technology

Department of Financial Services

  THE VIRTUAL BUSINESS
        MANUAL

Advanced Diploma of Accounting
          FNS60204

              2006
This manual is to be read in conjunction with the 2006 Student
Information Guide

Purpose of the Virtual Business Program at Victoria University
The intention of the Virtual Business Program is to set up a teaching and learning
environment that encourages students to learn more in the context of the real
workplace rather than learning in ‘subject chunks’, allowing them to apply their
knowledge in a more practical environment. In this way, students are challenged to
achieve a greater depth of understanding of what they are studying and, at the same
time, providing them with an opportunity for closer links to industry.

The Virtual Business Program has been set up as a means to deliver content of the
Advanced Diploma of Accounting.

Content of the Advanced Diploma of Accounting (FNS60204)


Semester 1                                     Semester 2
FNSACCT608A           Evaluate                 FNSACCT602A Audit and Report
                      Organisation’s                       on Financial
                      Financial Performance                Systems and
                                                           Records
FNSACCT609A           Evaluate Financial       FNBFLM503A Establish Effective
                      Risk                                 Workplace
                                                           Relationships
FNSACCT610A   Develop and                      FNSACCT601A Prepare Complex
              Implement Financial                          Tax Returns
              Strategies
FNSACCT603A   Evaluate Tax                     FNSACCT614A Prepare Complex
              Compliance                                   Corporate Reports
FNSACCT613A   Prepare and Analyse              FNSACCT604A Monitor Corporate
              Management                                   Governance
              Accounting                                   Activities
              Information
FNBFLM512A    Ensure Team
              Efficiency
         **BSBPM507A                           Manage Project Communications

This competency is delivered over both semesters. You will receive a result for this
competency at the end of Semester 2, 2006.




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Virtual Business Manual 2006
Duration of the Program
The duration of the Virtual Business Program will be as per the Student Calender on
Docushare:

Semester 1:     30th Jan 2005 – 23rd June 2005
Semester 2:     10th July 2005 – 1st December 2005

     Semester 1 Mid-Semester Break: 13/3/05 – 24/3/05
     Semester 2 Mid-Semester Break: 18/9/05 – 29/9/05

Location of the Program
In 2005, the Virtual Business Program will run at the Footscray Nicholson and St
Albans campuses.

Please check your timetable for allocated Rooms. The Footscray Nicholson campus
has a Virtual Business Centre set up and most classes will be conducted in that
designated area.


Timetable – Advanced Diploma of Accounting
The timetable for each Advanced Diploma group operating within the Virtual
Business can be found on Docushare:

http://business.tafe.vu.edu.au/docushare/dsweb/HomePage/dscgi/ds.py/View/Collection-2035



Booklist – Advanced Diploma of Accounting

The Booklist for the Advanced Diploma of Accounting can be found on Docushare:
http://business.tafe.vu.edu.au/docushare/dsweb/HomePage/dscgi/ds.py/View/Collection-1745



Structure of the Program
Since the intention of the Virtual Business Program is to encourage students to learn
in the context of the workplace, the structure of the Program will be as follows:

Although formal teaching and assessment will still have its place in the Virtual
Business, students will work in teams of 4-6, be allocated an organisation and become
intimate with that organisation for the entire year. This means making contact with
that organisation throughout the year to obtain certain information and to carry out
activities within the Virtual Business Program. Contact is to be made within the time
allocated in the Program and following instructions provided. The intention of The
Business Program is to relate all competencies within the Advanced Diploma of

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Virtual Business Manual 2006
Accounting so that students can gain an appreciation of the functions within an
organisation

Teams will be selected by the teachers and students are to stay within their teams for
the entire year. Students will be assessed both individually and as a team. The Virtual
Business Assessment Guidelines 2006 explains this more clearly.

Scheduled timetabled hours for each competency will include:

      Allocated time devoted to specific competencies
      Allocated time to work on specific virtual business activities
      Allocated time for Mentors to provide guidance and assistance to students.

You are to attend your classes as per your scheduled timetable on Docushare. This is
the time that has been allocated for the delivery of the competencies within the
Advanced Diploma of Accounting. The delivery of the particular competency (focus
area) will be organised within this timeslot. Time will also be allocated so that teams
can work on Virtual Business activities within the scheduled times.

Manage Project Communications (BSBPM507A)
Within the Virtual Business Program you are enrolled in a competency called Manage
Project Communications BSBPM507A. Delivery of the competency will be closely
aligned to a mentoring program designed to assist and guide student development
during the year. The mentoring program will be closely linked to the management of
the Virtual Business Project, including inter-team, intra-team, formal communication
and interaction with the host organisation allocated to each team. Activities will centre
around preparation, planning and follow-up of individual team meetings with staff
and host organisations.

The Mentors for 2006 are as follows:

Ian Stewart – SAG
Silvana DiSisto– GAG & GAL

There are timetabled sessions for each group above – please refer to your timetable
for the timetabled session.

A competency outline, along with the assessment criteria for the competency, is on
Docushare. Each Mentor will discuss the documentation with students and ensure that
all students understand the process.




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Virtual Business Manual 2006
The use of Docushare

Each student will have their own Docushare account that will be specifically used for
the Virtual Business. The use of Docushare will be explained to students during
orientation.

Attendance / Policy on Non-Attendance

Attendance is compulsory. Any student who fails to attend on any given day or for a
particular session without providing evidence and notification of absence, may
jeopardise the overall result of their team. Given that the purpose of the Virtual
Business Program is to reflect the reality of the workplace, there is an expectation that
students will only be absent in circumstances that would warrant absence from a
workplace.

Contact for Non-Attendance
For any DAY a student is absent, they must contact Silvana DiSisto on 9284 8836 or
email Silvana.Duncan@vu.edu.au before 9 am that day. If the office is unattended,
please leave a message explaining why you will be absent for the particular period of
time. Students must also contact their other team members and notify them of their
absence.

If a student is going to miss a SCHEDULED CLASS/TRAINING SESSION, they
must notify their relevant teacher.

Competency Outlines

Competency outlines for each competency standard can be found on Docushare. The
content and requirements for each competency will be discussed with you by the
specific project leaders.

Assessment Policy

The Virtual Business Assessment Guidelines 2006 contain the assessment
requirements for successful completion of the Advanced Diploma of Accounting.
Your teacher and mentor will discuss this document with you and ensure that you
understand the assessment process and requirements.

The Assessment policy for the Department of Financial Services is found in the 2006
Student Information Guide Appendix 2 and will also be discussed in your first
session.

Each competency will be assessed by a range of assessment tasks that may include
assignment work, tests, presentations, case studies etc.



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Virtual Business Manual 2006
The assessment for the Advanced Diploma of Accounting via the Virtual Business
Program will be as follows:


                        Virtual Business Program
 Team Assessment – The Business                    Individual Assessment
            Project
                                                               60%
                 40%

Presentation (20%)                          Tests, case studies,     Integrated
                       Formal Report        Assignments etc          competency
                              (20%)         (50%)                    questions
                                                                     (10%)

                                            The assessment requirements for each
                                            competency can be found in the
                                            Competency Outline for each
                                            Competency. You must pass EACH
                                            assessment task to be competent.




To be considered to have passed (deemed competent) you must prove competence on
all the assessment tasks for that competency. This includes The Virtual Business
Project AND the Individual Assessment tasks for each competency.

The rules relating to ‘negotiating re-assessment’ are as per the Assessment Policy in
the Student Information Guide and as explained to you by your teachers at the
beginning of the semester. Although there may be re-assessment options available for
the Specific Assessment, there will be NO RE-ASSESSMENT for The Virtual
Business Project.


Mutual Expectations
The expectations of students and staff can be found in the Department of Financial
Services 2006 Student Information Guide Appendix 1. This document establishes
the non-negotiable standards of behaviour that define the basis of which
student/teacher relationships are built.

Teaching staff will discuss this document with students and explain its importance.
This will also be highlighted at orientation.

Interaction with other students and discipline within allocated rooms

All students are expected to show respect and work co-operatively with other students
and teachers. Students must respect the beliefs and views of other students and
behave in a reasonable manner.

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Virtual Business Manual 2006
If there is a conflict or disagreement within the team, the members of the team are to
attempt to resolve the conflict amicably and notify one of the teachers of the situation.

Students are to respect all equipment and are expected to use the equipment with due
care. The Department has purchased some expensive equipment for use within the
Virtual Business Centre and it is expected that you treat this equipment with care.



Dress/ behaviour code when dealing with external organisations

Students are to dress appropriately when dealing with external organisations and are
to conduct themselves professionally at all times. As you are representing Victoria
University and yourselves, you are expected to behave in a professional manner.

Use of mobile phones
All mobile phones must be SWITCHED OFF before entering the Virtual Business
Centre and when in meetings with external organisations.

Confidentiality when dealing with external organisations

You are expected to maintain confidentiality in relation to information provided to
you by external organisations. In some cases you will be required to sign
Confidentiality Agreements, particularly in the case where sensitive information is
provided. We expect that all students respect a company’s request for confidentiality
and there will be severe penalties in place if a student or students breach any
agreement.




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Virtual Business Manual 2006
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Virtual Business Manual 2006

				
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