Course Title: Prepare complex tax returns and lodgements
Part B: Course Detail
Teaching Period: Term1 2009
Course Code: ACCT5266C
Course Title: Prepare complex tax returns and lodgements
School: 650T TAFE Business
Campus: City Campus
Program: C6072 - Advanced Diploma of Accounting
Course Contact : Bruce Phillips
Course Contact Phone: +61 3 99255735
Course Contact Email:bruce.phillips@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Nominal Hours: 60
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
FNS ACCT 502B Prepare Income Tax Returns
Course Description
This unit covers the competency to analysr taxation related data and prepare complex tax returns and lodgements.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSACCT601B Prepare complex tax returns and lodgements |
Learning Outcomes
The student should be competent at preparing a range of basic returns, and demonstrate employability skills.
Details of Learning Activities
The activities centre around doing problems, problem solving, doing assignments, working in teams, developing a broad understanding of how to prepare tax returns for partnerships, trusts, companies , and superannuation funds. There are important time management skills involved in lodging assignments by due dates, thus learning the skills required in tax return lodgement.
Teaching Schedule
| Week | Week |
Topic |
Assessment Item |
|
| 1 | Feb 9 | Intro to Tax Agents. Partnership introduction, difference between common law & tax Law | ||
| 2 | 16 | Partnership distribution statements, reconciliations | ||
| 3 | 23 | Partnerships uncontrolled income, & structural changes | ||
| 4 | Mar 2 | Trusts-introduction, terminology, assessment rules | ||
| 5 | 9 | Trusts-assessment rules,& exercises | ||
| 6 | 16 | Income of minors, tax-effective distributions to inter-vivos trusts | ||
| 7 | 23 | Introduction, revisionfor test | ||
| 8 | 30 | Test 1 | Test 1 40% | |
| 9 | Apr6 | Companies & reconciliations | ||
| 9-15 | ||||
| 10 | 20 | Companies reconciliations & company losses | ||
| 11 | 27 | Companies & Franking accounts | Primary producers |
|
| 12 | May 4 | Primary producers- livestock accounts | ||
| 13 | 11 | Primary producers- special concessions | ||
| 14 | 18 | Primary producers- averaging tax offset | ||
| 15 | 25 | Introduction to superannuation funds | Assignment due 20% |
|
| 16 | June 1 | Test 2 | Test 2 40% | |
| 17 | 8 | Resits and resubmissions | ||
| 18 | 15 | Feedback courses, tests, competencies | ||
Learning Resources
Prescribed Texts
Australian Income Tax 2009 Alan Kirby & Garry Kirby |
References
Australian Income Tax 2009 Answer Book By Alan kirby & Garry Kirby |
Other Resources
Notes as supplied by instructor
Overview of Assessment
A student must demonstrate a clear understanding of all elements of the required competencies to be deemed competent.
Assessment may include a variety of methods including tests, workbooks, assignments, presentations, class exercises, etc.
Formative feedback is provided throughout the course. This occurs by the teacher providing information to the student to inform them how they are succeeding in the course, and areas that they require more work to succeed. Formative feedback is not a piece of assessment that contributes to the student’s final result.
Test 1 40%, Test 2 40 %, assignment worth 20% these being all summative assessment.
Assessment Tasks
Test 1 40%
Test 2 40%
Assignment 20%
---------
100%
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Assessment Matrix
Course Overview: Access Course Overview