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
What evidence can you provide to prove your understanding of each of the following citeria?
Gather and verify data
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Client taxation preparation requirements are determined Completed |
Evidence:
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Current data on assessable income and allowable deductions are gathered from appropriate sources Completed |
Evidence:
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Valuations are made, recorded and disclosed in accordance with business policies and procedures and legislation Completed |
Evidence:
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Discrepancies, unusual features or queries are identified and resolved or referred to the appropriate authority Completed |
Evidence:
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Accrued or prepaid income and expenditure is identified and adjustments to the value of assets and liabilities are recorded Completed |
Evidence:
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Records and compliance requirements are identified and adhered to Completed |
Evidence:
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Calculate taxable income
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Liabilities for tax are calculated in accordance with current legislation and revenue gathering practices Completed |
Evidence:
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Relevant source documentation and revenue documentation is identified and correctly interpreted Completed |
Evidence:
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Tax returns, statements and claims take full advantage of available benefits and allowances in accordance with legislation, regulation and Australian Taxation Office rulings Completed |
Evidence:
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Returns are prepared within established timelines Completed |
Evidence:
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Advice and guidance is sought to evaluate and moderate decision processes Completed |
Evidence:
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Returns are discussed and agreed with clients and statutory requirements are confirmed Completed |
Evidence:
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Review compliance
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Relevant returns are submitted to the ATO within stated deadlines and in accordance with legislation Completed |
Evidence:
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Current obligations are fulfilled and advice from taxation authorities followed and reported in accordance with statutory requirements Completed |
Evidence:
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Statements give a clear indication of impact of taxation on the client Completed |
Evidence:
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Tax office enquiries are responded to and income tax audit requirements met Completed |
Evidence:
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