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Evidence Guide: BSBFIM502 - Manage payroll

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBFIM502 - Manage payroll

What evidence can you provide to prove your understanding of each of the following citeria?

Establish procedures for management of payroll

  1. Establish procedures that ensure the confidentiality and security of payroll information
  2. Ensure procedures guarantee substantiation of claims for allowances
  3. Establish control measures to safeguard organisation’s financial resources in accordance with legislative and organisational requirements
  4. Establish systems to ensure statutory obligations are met and records are kept for the period determined by government legislation
Establish procedures that ensure the confidentiality and security of payroll information

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure procedures guarantee substantiation of claims for allowances

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish control measures to safeguard organisation’s financial resources in accordance with legislative and organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish systems to ensure statutory obligations are met and records are kept for the period determined by government legislation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare payroll data

  1. Use nominated industrial awards, contracts and government legislation to calculate gross pay and annual salaries
  2. Calculate statutory and voluntary deductions using government and employee documentation
  3. Provide payroll data to payroll processor for calculation within designated timelines
Use nominated industrial awards, contracts and government legislation to calculate gross pay and annual salaries

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Calculate statutory and voluntary deductions using government and employee documentation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide payroll data to payroll processor for calculation within designated timelines

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Authorise payment of salaries

  1. Check payroll, and authorise salaries and wages for payment in accordance with organisational policy and procedures
  2. Reconcile salaries, wages and deductions in accordance with organisational policy and procedures
  3. Deal with salary, wage and related enquiries in accordance with organisational policy and procedures
Check payroll, and authorise salaries and wages for payment in accordance with organisational policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Reconcile salaries, wages and deductions in accordance with organisational policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Deal with salary, wage and related enquiries in accordance with organisational policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Administer salary records

  1. Process declaration forms for new and existing employees in accordance with Australian Taxation Office requirements
  2. Forward periodic deductions to nominated creditors within designated timelines
  3. Prepare and dispatch payments to government authorities accurately and in accordance with relevant government legislation
  4. Calculate and transcribe group tax amounts and make payments in accordance with taxation procedures
  5. Prepare and reconcile employee group certificate amounts from salary records
Process declaration forms for new and existing employees in accordance with Australian Taxation Office requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Forward periodic deductions to nominated creditors within designated timelines

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare and dispatch payments to government authorities accurately and in accordance with relevant government legislation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Calculate and transcribe group tax amounts and make payments in accordance with taxation procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare and reconcile employee group certificate amounts from salary records

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Establish procedures for management of payroll

1.1 Establish procedures that ensure the confidentiality and security of payroll information

1.2 Ensure procedures guarantee substantiation of claims for allowances

1.3 Establish control measures to safeguard organisation’s financial resources in accordance with legislative and organisational requirements

1.4 Establish systems to ensure statutory obligations are met and records are kept for the period determined by government legislation

2 Prepare payroll data

2.1 Use nominated industrial awards, contracts and government legislation to calculate gross pay and annual salaries

2.2 Calculate statutory and voluntary deductions using government and employee documentation

2.3 Provide payroll data to payroll processor for calculation within designated timelines

3 Authorise payment of salaries

3.1 Check payroll, and authorise salaries and wages for payment in accordance with organisational policy and procedures

3.2 Reconcile salaries, wages and deductions in accordance with organisational policy and procedures

3.3 Deal with salary, wage and related enquiries in accordance with organisational policy and procedures

4 Administer salary records

4.1 Process declaration forms for new and existing employees in accordance with Australian Taxation Office requirements

4.2 Forward periodic deductions to nominated creditors within designated timelines

4.3 Prepare and dispatch payments to government authorities accurately and in accordance with relevant government legislation

4.4 Calculate and transcribe group tax amounts and make payments in accordance with taxation procedures

4.5 Prepare and reconcile employee group certificate amounts from salary records

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Establish procedures for management of payroll

1.1 Establish procedures that ensure the confidentiality and security of payroll information

1.2 Ensure procedures guarantee substantiation of claims for allowances

1.3 Establish control measures to safeguard organisation’s financial resources in accordance with legislative and organisational requirements

1.4 Establish systems to ensure statutory obligations are met and records are kept for the period determined by government legislation

2 Prepare payroll data

2.1 Use nominated industrial awards, contracts and government legislation to calculate gross pay and annual salaries

2.2 Calculate statutory and voluntary deductions using government and employee documentation

2.3 Provide payroll data to payroll processor for calculation within designated timelines

3 Authorise payment of salaries

3.1 Check payroll, and authorise salaries and wages for payment in accordance with organisational policy and procedures

3.2 Reconcile salaries, wages and deductions in accordance with organisational policy and procedures

3.3 Deal with salary, wage and related enquiries in accordance with organisational policy and procedures

4 Administer salary records

4.1 Process declaration forms for new and existing employees in accordance with Australian Taxation Office requirements

4.2 Forward periodic deductions to nominated creditors within designated timelines

4.3 Prepare and dispatch payments to government authorities accurately and in accordance with relevant government legislation

4.4 Calculate and transcribe group tax amounts and make payments in accordance with taxation procedures

4.5 Prepare and reconcile employee group certificate amounts from salary records