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

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


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


1. Maintain accounting records for taxation purposes

Performance Criteria:

1.1 The accounting system for taxation is determined

1.2 Adequate records to support the taxation accounting system are maintained

1.3 Specific taxationrequirements of businessdocuments are complied with


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

2.2 Sufficient and current records are maintained to comply with lodgement requirements

2.3 Lodgement schedule requirements are established


3. Process business tax returns and lodgements

Performance Criteria:

3.1 Required returns and lodgements are identified

3.2 Accounting data is processed to comply with taxation reporting requirements

3.3 Returns and lodgements are drafted for review by authorised personnel

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


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