Course Title: Establish and maintain a payroll system
Part B: Course Detail
Teaching Period: Term1 2019
Course Code: ACCT5374C
Course Title: Establish and maintain a payroll system
School: 650T Vocational Business Education
Campus: City Campus
Program: C5374 - Diploma of Accounting
Course Contact: Doug Gourlay
Course Contact Phone: +61 3 9925 5944
Course Contact Email: doug.gourlay@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Upasana Mahajan
03 9925 5460
Nominal Hours: 30
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
There are no pre-requisites for this unit.
Course Description
This unit describes the skills and knowledge required to record and prepare payroll documentation, respond to enquiries and process accurate payroll data for manual and computerised systems.
It applies to individuals who use a range of organisational and other specialist techniques. They may work directly for organisations or be small business owners, contractors or service providers.
Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet the educational requirements of the Tax Practitioner Board (TPB).
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSBKG405 Establish and maintain a payroll system |
Element: |
1. Establish payroll requirements |
Performance Criteria: |
1.1 Apply knowledge of relevant legislation in relation to employment standards, and other legislative requirements in regards to payments 1.2 Seek instruction from authorised parties in relation to relevant state and modern awards regarding details to be set up within payroll system for individual employees 1.3 Establish payroll set-up for salary packaging 1.4 Assess scope of payroll services BAS agent can provide and identify need for independent expert advice providers |
Element: |
2. Record payroll data |
Performance Criteria: |
2.1 Ensure payroll system includes complete and accurate employee data 2.2 Review payroll data and clarify discrepancies with designated persons 2.3 Enter employee pay period details, deductions and allowances in payroll system in accordance with source data 2.4 Calculate payment due to individual employees to reflect standard pay and variations in accordance with employee source data |
Element: |
3. Prepare and process payroll |
Performance Criteria: |
3.1 Conduct payroll preparation within designated timelines in accordance with organisational policy and procedures 3.2 Calculate, record and reconcile employee in accordance with legislative requirements 3.3 Reconcile total payments for pay period, and review and correct irregularities or refer them to designated persons for resolution 3.4 Obtain authorisation of payroll and individual pay advice in accordance with organisational requirements 3.5 Make arrangements for payments in accordance with organisational and legislative requirements 3.6 Produce, review and store payroll records in accordance with organisational policy and security procedures |
Element: |
4. Handle payroll enquiries |
Performance Criteria: |
4.1 Respond to payroll enquiries in accordance with organisational and legislative requirements 4.2 Provide information in accordance with organisational and legislative requirements 4.3 Refer enquiries outside area of responsibility or knowledge to designated persons for resolution 4.4 Provide additional information or complete follow-up action within designated timelines in accordance with organisational policy and procedures |
Element: |
5. Maintain payroll |
Performance Criteria: |
5.1 Maintain all information and record keeping relating to payroll function in accordance with relevant legislation and regulations 5.2 Produce and reconcile month-end and year-end checklists to ensure compliance with relevant legislative and management deadlines 5.3 Update records and systems in line with salary reviews and other changes in employment status 5.4 Establish back-up and disaster recovery systems 5.5 Generate and distribute payroll reports in line with organisational policy 5.6 Extract and apply business activity statement (BAS) and instalment activity statement (IAS) data in accordance with relevant legislation and regulations |
Learning Outcomes
Details of Learning Activities
A range of learning activities are planned for this course including self-paced and collaborative classroom based activities.
A Practice Firm - Work simulated environment will be set up where students will be employed in the virtual office. The students will be asked to work in this practice firm every week and perform the normal activities as in office kind situation, It will give the real working life experience. Practice firm will operate from Week 9-16.
The self-paced activities will be delivered thought various technology platforms and include your contribution to wikis and discussion threads, reflective journals, quizzes and interactive sessions.
The collaborative classroom based activities will include group discussion, group problem solving activities and opportunities to practice your skills in a simulated/real workplace environment.
We expect you to participate and contribute in all scheduled learning activities.
Teaching Schedule
This course is clustered (co-delivered & co-assessed) with:
ACCT5372C Carry out business activity and instalment activity statement tasks
Course Schedule: ACCT5372C & ACCT5374C Semester 1: 2019 | |||||
Week |
Topic |
Readings and Activities |
Assessment |
Unit(s) of Competency |
Elements and Performance Criteria |
Week 1
|
Introduction to course schedules Introduction to Bookkeeping practices |
Reading: Links provided in weekly module Activity: Exploring course schedules and discussion |
|
ACCT5372C / ACCT5374C |
1.1. 1.2 |
Week 2
|
Introduction to the role of Bookkeeper |
Reading: Reading provided in the module Activity: Links provided for the activities |
|
ACCT5372C / ACCT5374C |
2.1, 2.2 |
Week 3
|
Payroll Policies |
Reading: References provided for reading Activity: as per module activities |
|
ACCT5372C / ACCT5374C |
1.1.1.2, 1.3, 1.4, 3.1, 3.2 |
Week 4
|
Processing the Payroll (Manual) |
Reading: Discussion and links provided in the module Activity: Provided in the module |
|
ACCT5372C / ACCT5374C |
2.1, 2.2, 2.3, 2.4 |
Week 5
|
Manual payroll calculations and exercises |
Reading: Week 4 readings as base Activity: Activities provided in module |
Assessment 1: Payroll Legislation |
ACCT5372C / ACCT5374C |
3.1, 3.2, 3.3, 3.4, 3.5, 3.6 |
Week 6
|
MYOB introduction |
Reading: You tube videos Activity: activities given in the module |
|
ACCT5372C / ACCT5374C |
4.1, 4.2, 4.3, 4.4 |
Week 7
|
MYOB payment of pays |
Reading: Information provided Activity: Modules referencing |
|
ACCT5372C / ACCT5374C |
4.1, 4.2, 4.3, 4.4 |
Week 8
|
MYOB payment of superannuation owing etc; also prep of Payment Summaries |
Reading: weekly content of module Activity: Module reference given |
|
ACCT5372C / ACCT5374C |
4.1, 4.2, 4.3, 4.4 |
Break |
Break |
Break |
Break |
Break |
Break |
Week 9
|
Introduction to GST; taxation system GST exercises including GST worksheet |
Reading: weekly content of module Activity: Module reference given |
|
ACCT5372C / ACCT5374C |
|
Week 10
|
BAS & IAS form completion introduction & exercises |
Reading: weekly content of module Activity: Module reference given |
|
ACCT5372C / ACCT5374C |
|
Week 11
|
PAYG Instalments |
Reading: weekly content of module Activity: Module reference given |
|
ACCT5372C / ACCT5374C |
|
Week 12
|
Practice firm |
Reading: Based on past weekly readings Activity: Module given |
Assessment 2 : Practice firm assessment 2A |
ACCT5372C / ACCT5374C |
5.1, 5.2, 5.3 |
Week 13
|
Practice firm |
Reading: Based on past weekly readings Activity: Module given |
Assessment 2 : Practice firm assessment 2B & 2C |
ACCT5372C / ACCT5374C |
5.1, 5.2, 5.3 |
Week 14
|
Practice firm |
Reading: Based on past weekly readings Activity: BAS / IAS / PAYGI activities |
|
ACCT5372C / ACCT5374C |
3.1, 3.2, 3.3, 3.4 |
Week 15 |
In Class Assessment |
Reading: weekly content of module Activity: Module reference given |
Assessment 3 |
ACCT5372C / ACCT5374C |
4.1, 4.2, 4.3, 4.4 |
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Learning Resources
Prescribed Texts
References
Other Resources
Online learning materials can be accessed by going to the RMIT website where there is a link to online Learning hub.
The Material comprises Power point slides and related student notes for each topic.
NB: For online collaborate session please ensure you have JAVA installed on your
computer https://java.com/en/download/index.jsp AND a HEADSETand MICROPHONE
Overview of Assessment
In order to achieve competency in this unit, you must provide:
Performance Evidence
Evidence of the ability to:
- accurately identify, calculate and input data for payments into manual or computerised payroll systems
- produce payroll reports in accordance with organisational and legislative requirements
- present payroll report for verification and approval
- maintain all records in compliance with organisational and legislative requirements that relate to security and confidentiality of information
Knowledge Evidence
To complete the unit requirements safely and effectively, you must:
- explain the scope of services appropriate for a business activity statement (BAS) agent providing payroll services
- explain the application of award and enterprise agreements and relevant industrial instruments to payroll maintenance responsibilities
- identify and explain organisational policy and procedures that affect payroll, including the structure of authority in organisations
- explain industry codes of practice relevant to payroll operations
- compare and contrast manual and computerised payroll systems
- identify relevant legislation and record-keeping requirements from all levels of government that affect business operation and reporting requirements, especially in regard to:
- Fair Work Act
- National Employment Standards
- Superannuation Guarantee (Administration) Act
- corporations law
- workers compensation and work health and safety
- tax related to payroll activities
- Privacy Act (confidentiality and security of records)
- Higher Education Loan Program (HELP)
- Medicare levy
- Tax Agent Services Act (TASA)
- current state, territory and Commonwealth industry and modern awards, and enterprise bargaining agreements
- individual employment contracts
- Commonwealth, state and territory leave Acts including annual, sick and long service
- Australian Bureau of Statistics (ABS) Act
- describe current Australian Tax Office (ATO) requirements such as:
- Australian Business Number (ABN)
- employment declaration
- tax file number (TFN) declaration
- identify the Tax Practitioners Board (TPB) requirements, including:
- registration and scope of services documentation requirements for BAS agents
- Code of Professional Conduct
- explain relevant taxation law, including:
- pay as you go (PAYG) withholding tax
- fringe benefits tax (FBT)
- outline the key aspects of routine and non-routine requirements for payroll, including:
- routine: award payments, salary amount, salary packaging, superannuation guarantee and super reporting
- non-routine: termination payments and super guarantee charge
Assessment Conditions
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the bookkeeping field of work and include access to:
- common office equipment, technology, software and consumables
- workplace reference materials such as procedural manuals and company policy
- actual or simulated payroll data
You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.
Feedback
Feedback will be provided throughout the semester in class and/or online discussions. You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.
You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course.
Assessment Tasks
There will be total of three assessments. The first one will be completed in the week 5 and will be a theory based assessment to reinforce the legislation understanding. The second assessment will be completed in the practice firm under the simulated environment with teacher as manager, and the third one will be a case study to be completed by students on their own at the end of the semester.
Students must complete all the tasks to complete the unit.
Assessment Task 1 Theory Test (Due date : Week 5)
The first assessment will be completed in week 5 in the class. It is in the form of theory test where main aim will be to see that students have learnt how and from where to access the information when required. They will be given the access to the questions based on legislation and rules and it will be open book. The students need to access the latest governmental rules and note down any updates.
- For this Assessment Task you need to complete a theory test, open book. Based on the payroll policies provided. Students will be allowed to use laptops but no other mobile devices.
- Assignment covering Topics from week 1-5.
Assessment TASK 2 Simulated task (Due date : Week 12 & 13)
The second assessment will be completed in week 12 & 13 in the practice firm, where students will be in simulated real environments working as bookkeepers and payroll officers and will have to complete the task with teacher as manager.
- Students will be appointed as bookkeeper and payroll officers in the travel and bank business in the practice firm.
- They will be given the tasks to complete in the payroll officer role.
- They will be assessed based on the reports produced in the practice firm.
Assessment Task 3 Case study (Due date: End of Week 15)
The main summative assessment where students will be given a holistic case study in week 14 and will be due in week 15. and will have to produce the final BAS report, following all the legislation and rules laid down by the governmental bodies, ready to lodge with the required government body. Students will be given the organisational policies and procedures and transactions to simulate the real scenario, and will have to take on the role of bookkeeper and payroll officer in the organisation.
- For this assessment task you are to complete a case study where the BAS needs to be prepared with holistic items attached to that. The concepts of Payroll and GST will be covered in that..
- Case Study is to be done in groups of two students.
There will be total 3 assessments, first one will be completed in the week 4 and will be a theory based assessment to reinforce the legislation understanding. Second assessment will be completed in week 9 & 10 , and the third one will be a case study to be completed by students on own at the end of the semester.
Students must complete all the tasks to complete the unit.
Assessment Matrix
Marking Guide (Grading)
After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:
Final Grades table:
CHD | Competent with High Distinction |
CDI | Competent with distinction |
CC | Competent with Credit |
CAG | Competency achieved - Graded |
CA | Competency achieved - Not Graded |
NYC | Not Yet Competent |
DNS | Did not submit |
Course Overview: Access Course Overview