Course Title: Prepare legally compliant tax returns for individuals

Part A: Course Overview

Program: C5260

Course Title: Prepare legally compliant tax returns for individuals

Portfolio: BUS

Nominal Hours: 80.0

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.

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
ACCT5354C	City Campus	TAFE	650T Vocational Business Education	Face-to-Face or Workplace	Term1 2013, Term2 2013, Term1 2014, Term2 2014, Term1 2015, Term2 2015

Course Contact: Bruce Phillips

Course Contact Phone: +61 3 99255735

Course Contact Email: bruce.phillips@rmit.edu.au

Course Description

This unit is about preparing income tax returns for individuals. It helps you to understand the principles, without having to deal with complicated legal jargon. This is includes gathering and verifying data, such as payment summaries.It also involves calculating taxable income and tax payable.

Pre-requisite Courses and Assumed Knowledge and Capabilities

None

National Competency Codes and Titles

National Element Code & Title:	FNSACC502B Prepare legally compliant tax returns for individuals
Elements:	1. Gather and Verify Data
	2. Calculate Taxable Income
	3. Review Compliance

Learning Outcomes

This unit is about preparing income tax returns for individuals. It helps you to understand the principles, without having to deal with complicated legal jargon. This includes gathering and verifying data, such as payment summaries. It also involves calculating taxable income and tax payable.

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 tests, problem solving exercises, 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.

You are advised that you will be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met. You will be provided with feedback throughout the course to check your progress.
Task 1 is a closed book test covering the rules on assessable income weeks 1-6.
Task 2 you are to produce a tax return and accompanying estimates of tax payable for the current year tax return of a fictional character Lou Tide
Task 3 is a closed book testcovering the rules on deductions and decline in value(depreciation).

You must successfully complete all 3 tasks to be deemed competent in this unit.