Course Title: Process business tax requirements

Part A: Course Overview

Course ID: 038934

Program: C6072

Course Title: Process business tax requirements

Portfolio: BUS

Nominal Hours: 50.0

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)

ACCT5194C

City Campus

TAFE

650T TAFE Business

Face-to-Face


Course Contact: Lucy Cicero

Course Contact Phone: +61 3 9925 5458

Course Contact Email: lucy.cicero@rmit.edu.au


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.


Pre-requisite Courses and Assumed Knowledge and Capabilities

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



National Competency Codes and Titles

FNSACCT401A

Process business tax requirements

Elements:

Establish and maintain a process for managing business tax returns

Maintain accounting records for taxation purposes

Process business tax returns and lodgements


Learning Outcomes

Please refer to Elements of Competency.


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.