Work Placemen- Accounting (ACCT 671)

OVERVIEW

1. COURSE DESCRIPTION

To achieve the aims above, this course covers a number of tasks that are divided into two parts. The first
part is the professional orientation which focuses on gaining a clear understanding of the work environment
of the prospective employers and of the job markets in general. After this, the students will be placed at
the selected employers where they will apply their acquired knowledge, skills and attitude in a real work
environment. It is important for the students to comply with the hosting organization’s requirements, to
meet the Performance Objectives (POs) and to keep track of their training progression throughout the work
placement period.

2. REASON FOR THE COURSE

This course aims to develop practical knowledge, skills and attitude of the students and to strengthen their
positions in relevant industries. The students will apply the knowledge and theories acquired in previous
coursework in a real business setting. Through this opportunity the students can explore their interests in
the accounting field and be familiar with the working norms, rules and regulations governing the industry
as well as build a professional business network. The course emphasizes students’ preparation for their
future careers and helps them to be well-trained candidates when they graduate. At the end of the work
placement, the students will be deeply familiar with the key factors for success in an accounting career.

3. STUDY HOURS

4. ROLE IN CURRICULUM

Prerequisites:
To qualify for the work placement, students must have completed the 9-hour preparation activities provided
by Career Services and Student Advising (CSSA) or employer-conducted orientation approved by CSSA.
Students are recommended to complete Strategic Business Reporting (ACCT 611) before taking this course.

SKILLS

LEARNING OUTCOMES
ASSESSMENT AND GRADING
TEACHING METHODS
STUDY PLAN
TEXTBOOKS AND REFERENCES
APPENDIX 1 - PERFORMANCE OBJECTIVES
CORE SKILLS

5. COURSE LEARNING OUTCOMES (CLO)

On successful completion of this course, students will be able to:

Knowledge	Level of Learning	Related PLO
Describe the accounting standards and regulations Describe the requirement of the relevant national and international accounting standards and regulations.	Understand	PK1
Cognitive Skills	Level of Learning	Related PLO
Prepare financial statements Prepare financial statements in accordance with Cambodian International Financial Reporting Standards (CIFRS) and/or CIFRS for SMEs.	Analyze	PC6
Analyze the information Analyze the appropriate information to measure business performance.	Create	PC6
Communication, Information Technology, and Numerical Skills	Level of Learning	Related PLO
Advise the management Advise the management on how to improve the business performance.	Analyze	PCIT1
Interpersonal Skills and Responsibilities	Level of Learning	Related PLO
Manage a team Manage a team to work productively and ethically in accounting fields.	Characterize	PIP1

6. ASSESSMENT AND GRADING

Grades will be determined based on the following assessments and score allocations:

SKILL	Assessment				Skill Weighting for Grade
SKILL	Mentor	Peer	Report	Interview	Skill Weighting for Grade
Describe the accounting standards and regulations			50%	50%	20%
Prepare financial statements			50%	50%	20%
Analyze the information			50%	50%	20%
Advise the management	50%	50%			20%
Manage a team	50%	50%			20%

7. TEACHING METHODS

This course is primarily an experience-based course. An orientation will be conducted at the beginning
of the course to ensure that the students will gain a clear understanding of the work environment in the
hosting organization and some basic skills for performing their work effectively during the placement. A
variety of methods will be employed to encourage and assess student achievement on course learning
outcomes. Some methods include, but are not limited to, presentation, interview and written reports,
group discussions, business writing, self-reflection, and peer consultation.

Performance Objectives

Students are required to achieve a minimum of four performance objectives in total including all three of interpersonal qualities and the core skills of performance objectives in accounting.
Students may achieve each performance objective by participating in the suggested activities or similar
other activities related to the performance objectives by providing an explanation in the practical experience report.

The performance objectives are set out in interpersonal qualities and core skills as in the appendix 1.

To provide evidence of achieving performance objectives, students are required to request a confirmation
letter from their supervisor with attachment of the performance objectives that they have achieved during the job training.

Personal Experience Report

Work Arrangement : Individual
Output format : Performance Objective Matrix
Language : English
Report : Students will be required to produce a summarized report reflecting the experience
obtained from the job training that satisfies the required performance objectives.
As their training progresses, students should keep track of their experiences. At
the end of the training, students will be required to write a report summarizing the
experience in their own words in a performance objective matrix. The report should
be clear and truthfully reflect the experience with examples provided.

Interview: Students are required to attend the interview by the evaluators and
answer any questions they may be asked during the interview. Rubric

8. STUDY PLAN

	Lesson Learning Outcomes	Teaching and Learning Activities, Assessment
1	Course Orientation Introduce the course aims, descriptions and criteria. Explain the performance objectives to be achieved during the job training. Explain the practical experience report. Guide the students in searching for relevant information about jobs and prospective organizations.	Lecture Question and Answer
2-18	On-the-job training (All CLOs)	Apply knowledge and skills

Lesson Learning Outcomes

Teaching and Learning Activities, Assessment

Course Orientation

Introduce the course aims, descriptions and criteria.
Explain the performance objectives to be achieved during the job training.
Explain the practical experience report.
Guide the students in searching for relevant information about jobs and prospective organizations.

Lecture
Question and Answer

2-18

On-the-job training (All CLOs)

Apply knowledge and skills

9. TEXTBOOKS AND REFERENCES

References

1. ACCA rule book https://www.accaglobal.com/gb/en/about-us/regulation/ethics/acca-rulebook.html

ACCA performance objectives

1. https://www.accaglobal.com/vn/en/student/practical-experience-per/performance-objectives.html

Interpersonal Quality

These are the important elements of interpersonal qualities that students must achieve. They are required to maintain the professional code of ethics, develop productive business relationships with stakeholders and take initiative as a leader during work.

Performance Objectives	Suggested Activities
Maintain professional code of ethics	Act diligently and honestly, following codes of conduct, taking into account and keeping up-to-date with legislation. Act with integrity, objectivity, professional competence and due care and confidentiality. You should raise concerns about non-compliance. Develop a commitment to your personal and professional knowledge and development. You should become a life-long learner and continuous improver, seeking feedback and reflecting on your contribution and skills.
Develop productive business relationships	Display sensitivity, empathy and cultural awareness in all your communications. This allows you to establish trust and credibility with a range of stakeholders and gain their confidence. Use a range of mediums and make appropriate use of digital technology to communicate clearly, concisely and persuasively in formal and informal situations. Develop and build effective and ethical professional relationships and networks using face to face and digital technology.
Apply leadership and self development	Show initiative with your team – working towards organisational goals, collaborating with and supporting others. Manage time and tasks effectively to meet business needs and professional commitments. You are capable of working under pressure. You negotiate effectively and can justify solutions logically and persuasively to colleagues and clients.

Accounting

This involves students in the process of recording and processing transactions and events using appropriate accounting systems, reviewing and preparing financial statements in accordance with accounting standards and legislation. In addition, students are also able to take part in management accounting such as planning the business activities, controlling the performance, preparing and monitoring the budget, and making recommendations for improvement.

Performance objectives	Elements
Record and process transactions and events	Implement or operate systems to record and process accounting data using emerging technology where appropriate or feasible. Verify, input and process routine financial accounting data within the accounting system using emerging technology where appropriate or feasible. Prepare and review reconciliations and other accounting controls. Gather information for end-of-period accounting entries – and prepare estimates for adjustments to inter-company accounts. Make sure you’re using accounting standards and policies when you’re processing transactions and events.
Prepare external financial report	Contribute to drafting or reviewing primary financial statements according to accounting standards and legislation. Review financial statements and correct for errors and account for – or disclose – events after the reporting date. Prepare or review narrative and quantitative information to include with financial statements.
Plan and control performance	Contribute to setting objectives to plan and control business activities. Coordinate, prepare and use budgets, selecting suitable models. Regularly review progress against plans. Use appropriate techniques to assess and to evaluate overall performance against plans. Advise on business performance and recommend improvements.
Monitor and report performance	Analyse and provide appropriate information to measure performance. Identify and use performance measurement techniques. Monitor and evaluate individual and departmental performance to identify areas for development. Identify the key external factors, including financial factors, affecting organisational performance. Prepare management reports as required by management. It can include performance measurement and analysis.