Course Title: Process business tax requirements
Part B: Course Detail
Teaching Period: Term1 2009
Course Code: ACCT5250C
Course Title: Process business tax requirements
School: 650T TAFE Business
Campus: City Campus
Program: C4169 - Certificate IV in Financial Services (Accounting)
Course Contact : Callie Harvey
Course Contact Phone: 9925-55772
Course Contact Email:callie.harvey@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Philip Dean
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
None
Course Description
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.
If you are undertaking this course in Melbourne from semester 2, 2012 onwards your teacher will advise you if you require access to a computer for the course. It is recommended that you have access to a mobile computing device to allow greater flexibility in terms of where you can work on campus outside class times.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSACCT401B Process business tax requirements |
Element: |
1. Maintain accounting records for taxation purposes |
Performance Criteria: |
1.1 The accounting system for taxation is determined |
Element: |
2. Establish and maintain a process for managing business tax returns |
Performance Criteria: |
2.1 An accounting system is established to manage taxation lodgement process |
Element: |
3. Process business tax returns and lodgements |
Performance Criteria: |
3.1 Required returns and lodgements are identified |
Learning Outcomes
Details of Learning Activities
Learning activities will include research for information in current topics in business tax, calculations and determining and completing the correct forms for submission to the appropriate tax collections agencies and other payments of monies by businesses including child support and superannuation.
Teaching Schedule
Week | Date | Topics |
1 | 9th February | Federal Taxation and procedures |
2 | 16th February | ABN |
3 | 23rd February | PAYG |
4 | 2nd March | PAYG |
5 | 9th March | PAYG |
6 | 16th March | GST |
7 | 23rd March | GST |
8 | 30th March | Test one |
9 | 6th April/14th April | FBT |
9th April to 15th April Mid semester break | ||
10 | 20th April | FBT |
11 | 27th April | Superannuation guarantee |
12 | 4th May | Superannuation guarantee |
13 | 11th May | HELP |
14 | 18th May | Child support agency |
15 | 25th May | State taxes and procedures:Payroll tax |
16 | 1st June | Land tax and duties |
17 | 8th June | Final assessment |
18 | 15th June | Resubmissions and review. |
Learning Resources
Prescribed Texts
Office Tax Procedures 8th Edition Bowers, Vinton and Vidler Pearson Education Australia |
References
Other Resources
Overview of Assessment
Assessment may incorporate a variety of methods including technical requirements documentation, homework, assignments, group and/or individual projects, in class exercises, written and practical tests, problem solving exercises, presentations, direct observation of actual and simulated work practice, presentation of a portfolio of evidence which may comprise documents, and/or photographs and/or video and audio files, review of products produced through work-based or course activities.
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. Students will be provided with feedback throughout the course to check their progress.
Assessment Tasks
Two tests (50% each), one in week 8 (eight) and the other in week 17 (seventeen).
Both tests must be passed to pass the unit.
Resit opportunities will be available for students who fail a test. Special consideration must be approved through the system before students will be given an opportunity to sit a delayed test if the first opportunity was missed.
Assessment Matrix
Element | Test One | Test Two |
1. Maintain accounting records for taxation purposes | yes | yes |
2. Establish and maintain a process for managing business tax returns | yes | yes |
3. Process business tax returns and lodgements | yes | yes |
Course Overview: Access Course Overview