Course Title: Process business tax requirements

Part B: Course Detail

Teaching Period: Term1 2008

Course Code: ACCT5194C

Course Title: Process business tax requirements

School: 650T TAFE Business

Campus: City Campus

Program: C4169 - Certificate IV in Financial Services (Accounting)

Course Contact : Bruce Phillips

Course Contact Phone: +61 3 9925 5735

Course Contact

Name and Contact Details of All Other Relevant Staff

Nominal Hours: 50

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

This Unit of Competency is taught in conjunction with:
BSBADM308A Process Payroll [ACCT5152C]

Course Description

This unit covers the competency to maintain the taxation accounting records and process lodgements and returns in accordance with Australian Taxation Office (ATO) requirements, excluding income tax. This unit requires the application of skills and knowledge required to process business taxation requirements. The unit encompasses maintaining accounting records for taxation purposes, establishing and maintaining a process for managing business tax returns and processing business tax returns and lodgements. The unit has application across the different sectors of the financial services industry and applies to those job functions that have responsibility for processing business tax returns such as taxation specialists and accountants.

National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSACCT401A Process business tax requirements


Establish and maintain a process for managing business tax returns

Performance Criteria:

1. The accounting system for taxation is determined
2. Adequate records to support the taxation accounting system are maintained
3. Specific taxation requirements of business documents are complied with


Maintain accounting records for taxation purposes

Performance Criteria:

1. An accounting system is established to manage taxation lodgement process
2. Sufficient and current records are maintained to comply with lodgement requirements
3. Lodgement schedule requirements are established


Process business tax returns and lodgements

Performance Criteria:

1. Required returns and lodgements are identified
2. Accounting data is process to comply with taxation reporting requirements
3. Returns and lodgements are drafted for review by authorised personnel

Learning Outcomes

Please refer to Elements of Competency.

Details of Learning Activities

Students will be required to complete exercises as specified from the textbook and undertake research using other resources for specified topics and produce a report on the information obtained.

Teaching Schedule


Week Week
Topic Reference
1Feb 11 Introduction to Business taxation, the liability for taxation, taxable income, substantiation and the rights of taxpayers. Chapter one
2Feb 18Tax file numbers, Australian Business Numbers; the procedure to apply for a tax file number and Australian Business Numbers.  Chapter Two
3Feb 25 Pay as you go withholding system, registration, obligations of a payer and calculation of the PAYG withholding amounts. Chapter Three
4Mar 3 Goods and services tax Chapter Four
5Mar 10 Fringe benefits tax Chapter Five
6Mar 17/March 24 Superannuation guarantee levy Chapter Six
7Mar 31 HECS /HELP; Child support agency Chapter Seven and Eight
8April 7 Payroll tax  Chapter Nine
9April 14 Stamp duty ; Land tax Chapter Ten and Eleven
10April 21 Business tax review, Process Payroll manual
Yates chapter 7
11April 28 Process Payroll manual/ computerised Test 1 Business tax  
12May 5 Process Payroll manual/ computerised Yates chapter 7, Sutherland Ch 9
13May 12 Process Payroll manual/ computerised Yates chapter 7, Sutherland Ch 9
14May 19 Process Payroll manual/ computerised Yates chapter 7, Sutherland Ch 9
15May 26 Process Payroll manual/ computerised Test one Payroll manual
16June 2 Business tax Presentations and reports. Presentations  
17June 17 Business tax Presentations and reports. Assessment Two, computerised payroll
18June 16 Final date for resubmission of assessments and tests

Learning Resources

Prescribed Texts

Office tax procedures 7th Edition Bowers, Vinton, Vidler Pearson Education Australia.


Computer accounting a systematic approach Euan Sutherland version 17



Other Resources

Overview of Assessment

Students must demonstrate an understanding of current taxation requirements in relation to businesses and individuals. A range of assessment methods will be used including class exercises (which will include practical problem solving exercises), tests, workbook, assignment and group presentation, these assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.
Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met.

Assessment Tasks

Test                            75%
Report/presentation 25%

The assessment for this unit will require satisfactory completion of one open book test, a presentation and report and the completion of a folio of evidence.

Assessment Matrix


Folio of EvidenceTest Presentation and Report.Resubmissions available
FNSACCT401A/01 Maintain accounting records for taxation purposes  X X X 
FNSACCT401A/02 Establish and maintain a process for managing business tax returns  X X X 
FNSACCT401A/03 Process business tax returns and lodgements  X X X 

Course Overview: Access Course Overview