NTISthis.com

Evidence Guide: DEFFIN009 - Perform taxation management

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

 

DEFFIN009 - Perform taxation management

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

Develop tax strategy

  1. Identify taxation issues
  2. Interpret and apply relevant taxation legislation and policies
  3. Identify and negotiate solution
Identify taxation issues

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Interpret and apply relevant taxation legislation and policies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and negotiate solution

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Perform taxation accounting

  1. Extract report from the relevant financial systems
  2. Verify that taxation data is accurate and complete
  3. Prepare and process journal and payment documentation
  4. Reconcile accounts
Extract report from the relevant financial systems

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Verify that taxation data is accurate and complete

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare and process journal and payment documentation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Reconcile accounts

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare tax returns

  1. Collate data for inclusion in tax return
  2. Perform calculations and categorise information
  3. Review calculations for accuracy and applicability
  4. Compile and submit tax return
Collate data for inclusion in tax return

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Perform calculations and categorise information

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review calculations for accuracy and applicability

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Compile and submit tax return

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor taxation compliance

  1. Develop quality assurance sample from taxation report
  2. Investigate sample transactions
  3. Identify issues within the sample data
  4. Advise on solutions and initiate corrective action
Develop quality assurance sample from taxation report

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Investigate sample transactions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify issues within the sample data

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Advise on solutions and initiate corrective action

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1

Develop tax strategy

1.1

Identify taxation issues

1.2

Interpret and apply relevant taxation legislation and policies

1.3

Identify and negotiate solution

2

Perform taxation accounting

2.1

Extract report from the relevant financial systems

2.2

Verify that taxation data is accurate and complete

2.3

Prepare and process journal and payment documentation

2.4

Reconcile accounts

3

Prepare tax returns

3.1

Collate data for inclusion in tax return

3.2

Perform calculations and categorise information

3.3

Review calculations for accuracy and applicability

3.4

Compile and submit tax return

4

Monitor taxation compliance

4.1

Develop quality assurance sample from taxation report

4.2

Investigate sample transactions

4.3

Identify issues within the sample data

4.4

Advise on solutions and initiate corrective action

Required Skills and Knowledge

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1

Develop tax strategy

1.1

Identify taxation issues

1.2

Interpret and apply relevant taxation legislation and policies

1.3

Identify and negotiate solution

2

Perform taxation accounting

2.1

Extract report from the relevant financial systems

2.2

Verify that taxation data is accurate and complete

2.3

Prepare and process journal and payment documentation

2.4

Reconcile accounts

3

Prepare tax returns

3.1

Collate data for inclusion in tax return

3.2

Perform calculations and categorise information

3.3

Review calculations for accuracy and applicability

3.4

Compile and submit tax return

4

Monitor taxation compliance

4.1

Develop quality assurance sample from taxation report

4.2

Investigate sample transactions

4.3

Identify issues within the sample data

4.4

Advise on solutions and initiate corrective action

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include:

analysing financial transaction data

applying statutory formulas

applying taxation legislation requirements to public sector workplace enquiries

collecting of Fringe Benefits Tax data

engaging with stakeholders

inputting and extracting financial information systems data

processing journals

processing payments

undertaking reconciliations

using financial software systems.

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of:

Fringe Benefit Tax return and Fringe Benefit Tax group tax return process

relevant organisation policies and procedures

purpose of a Business Activity Statement (BAS)

taxation legislation governing taxation management in the organisation.

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions may be found in the Companion Volume Implementation Guide.