- BSBFIM502A - Manage payroll
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBFIM502A Mapping and Delivery Guide
Manage payroll
Version 1.0
Issue Date: April 2024
| Qualification | - |
Unit of Competency | BSBFIM502A - Manage payroll |
|---|---|---|---|
| Description | This unit describes the performance outcomes, skills and knowledge required to establish and monitor security procedures for managing organisational payroll services and to calculate and process salary payments, group taxation and related payments.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement. | ||
| Employability Skills | This unit contains employability skills. | ||
| Learning Outcomes and Application | This unit applies to individuals employed in a range of work environments who are required to establish and work with payroll systems. They may work as senior administrative staff or may have responsibility for managing payroll systems and calculations. | ||
| Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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| Prerequisites/co-requisites | |||
| Competency Field | Finance - Financial Management | ||
| Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
|---|---|---|---|---|---|---|---|---|
| Elements of Competency | Performance Criteria | |||||||
| Element: Establish procedures for the management of payroll |
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| Element: Prepare payroll data |
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| Element: Authorise payment of salaries |
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| Element: Administer salary records |
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Evidence Required
List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. | |
Overview of assessment | |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | Evidence of the following is essential: documenting steps undertaken to establish payroll system using data and calculations to calculate payroll, including a range of deductions preparing appropriate records to record payroll processing. |
Context of and specific resources for assessment | Assessment must ensure: access to office equipment and resources, such as: Australian Accounting and Auditing Standards calculator certified or workplace agreements computer equipment and relevant software HECS/HELP documentation organisation's accounting system organisational contracts paper-based or electronic payroll system relevant Australian Taxation Office legislation relevant industrial Awards Superannuation Guarantee (Administration) Act access to samples of financial data. |
Method of assessment | A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit: analysis of responses to case studies and scenarios demonstration of techniques direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate review of authenticated documents from the workplace or training environment oral or written questioning to assess knowledge of accounting procedures and techniques. |
Guidance information for assessment | Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example: financial administrationunits other financial management units. |
Submission Requirements
List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here
Assessment task 1: [title] Due date:
(add new lines for each of the assessment tasks)
Assessment Tasks
Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
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Required skills |
communication skills to answer enquiries, and to explain and resolve discrepancies with employees literacy skills to follow complex financial procedures and to follow and write detailed instructions numeracy skills to: use financial formulae calculate gross and net pay compare differing rates of pay over a given time span of the same nature prepare cash analysis sheets reconcile figures and rectify anomalies to ensure accuracy. |
Required knowledge |
key provisions of relevant legislation from all forms of government, standards, regulations and codes that may affect aspects of business operations, such as: Australian Taxation Office regulations anti-discrimination legislation ethical principles codes of practice financial legislation privacy laws relevant industrial awards other relevant government and statutory bodies in relation to payroll Superannuation Guarantee (Administration) Act and superannuation regulations organisational policies and procedures across the full range of tasks requiredpayroll processes. |
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included. | |
Security procedures may include: | authorised access back-up files computer passwords employees signing for pay ensuring security of passwords and keys keeping payroll documents secure maintaining security and confidentiality of employees' details numbering payroll registers restricting access to electronic files and locking paper-based confidential information separating locations of confidential information storage of information off site supervision of timesheets |
Control measures may include: | authorisation requirements dual checking system internal control policies and procedures multiple checks and balances reconciliation of records separation of duties |
Legislative and organisational requirements may include: | Australian Accounting and Auditing Standards Australian Securities and Investments Commission (ASIC) requirements Australian Taxation Office regulations corporations law Fringe Benefits Tax (FBT) Higher Education Contribution Scheme (HECS) Higher Education Loan Programme (HELP) legislation and regulations in relation to superannuation such as the Superannuation Guarantee (Administration) Act organisational policy and procedures for cash handling Pay As You Go (PAYG) tax superannuation tax file number |
Nominated industrial awards, contracts and government legislation may include: | certified and workplace agreements enterprise agreements federal and state/territory awards use of Wageline |
Calculating gross pay and annual salaries may include: | allowances annual leave loading appropriate pay structure deductions employment history cards FBT FBT returns long service leave overtime penalty rates salary packaging items salary sacrificing sick leave time sheets |
Statutory and voluntary deductions may include: | HECS HELP insurance Medicare levy PAYG tax payroll tax superannuation levy union fees |
Designated time lines may include: | Australian Taxation Office time lines for submission such as group tax, fringe benefits tax Business Activity Statement (BAS) stipulated time period before employee departs organisation stipulated time period before pay is due to employees organisational time lines |
Nominated creditors may include: | Australian Taxation Office government agencies health funds membership organisations those nominated as part of salary packaging union vehicle leasing organisations |
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.
Observation Checklist
| Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice | Yes | No | Comments/feedback |
|---|---|---|---|
| Establish security procedures that ensure the confidentiality and security of payroll information | |||
| Ensure procedures guarantee substantiation of claims for allowances | |||
| Establish control measures to safeguard organisation's financial resources in accordance with legislative and organisational requirements | |||
| Establish systems to ensure that statutory obligations are met and records are kept for the period determined by government legislation | |||
| Use nominated industrial awards, contracts and government legislation to calculate gross pay and annual salaries | |||
| Calculate statutory and voluntary deductions using government and employee documentation | |||
| Provide payroll data to payroll processor for calculation within designated time lines | |||
| Check payroll, and authorise salaries and wages for payment in accordance with organisational policy and procedures | |||
| Reconcile salaries, wages and deductions in accordance with organisational policy and procedures | |||
| Deal with salary, wage and related enquiries in accordance with organisational policy and procedures | |||
| Process declaration forms for new and existing employees in accordance with Australian Taxation Office requirements | |||
| Forward periodic deductions to nominated creditors within designated time lines | |||
| Prepare and despatch payments to government authorities accurately and in accordance with the relevant government legislation | |||
| Calculate and transcribe group tax amounts and make payments in accordance with taxation procedures | |||
| Prepare and reconcile employee group certificate amounts from salary records |
Forms
Assessment Cover Sheet
BSBFIM502A - Manage payroll
Assessment task 1: [title]
Student name:
Student ID:
I declare that the assessment tasks submitted for this unit are my own work.
Student signature:
Result: Competent Not yet competent
Feedback to student
Assessor name:
Signature:
Date:
Assessment Record Sheet
BSBFIM502A - Manage payroll
Student name:
Student ID:
Assessment task 1: [title] Result: Competent Not yet competent
(add lines for each task)
Feedback to student:
Overall assessment result: Competent Not yet competent
Assessor name:
Signature:
Date:
Student signature:
Date: