FNSTPB411 - Complete business activity and instalment activity statements

Unit code: FNSTPB411 | Study level: TAFE
50
City Campus
Footscray Nicholson
Werribee
N/A
Overview
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Overview

This unit describes the skills and knowledge required to process and complete business activity statements (BAS), instalment activity statements (IAS), and other required reports according to compliance requirements.The unit applies to individuals who use a range of organisational and analytical techniques to work in organisations or to supply specific bookkeeping services as a small business owner or contractor.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each units learning outcomes & performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:

  • prepare both business activity statements (BAS) and instalment activity statements (IAS) for at least two different clients for one financial year period that comply with:
  • Australian taxation law, Australian Taxation Office (ATO) rulings, Tax Practitioners Board (TPB) requirements, and lodgement schedules
  • accounting principles and practices
  • organisational policies and procedures relating to BAS.
    In the course of the above, the candidate must:
  • critically evaluate and comply with relevant state or national requirements when preparing the BAS
  • identify financial transactions required to prepare activity statements, including application of goods and services tax (GST)
  • present BAS and IAS return for verification and client approval.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by Victoria University and/or via the Victoria University e-learning system.

As part of a course

This unit is studied as part of the following course(s):

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