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?
Assess tax liabilities
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Organisational and operational tax liabilities are identified by analysis of external and internal taxable transactions Completed |
Evidence:
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History and trends in obligations arising from organisational transactions are quantified using standard accounting techniques Completed |
Evidence:
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Data from transactions are analysed to resolve ambiguities and determine the nature of taxation options Completed |
Evidence:
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Effects of taxes are analysed and scheduled by assessing methods of determination, tax bases and timing of incidence Completed |
Evidence:
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Optimise tax positions
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Implications of obligations on operations and structures are assessed to develop a range of treatments and responses Completed |
Evidence:
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Financial management strategies are developed to ensure the alignment of cash flow with incidence and schedules of tax payments Completed |
Evidence:
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Trends in tax liabilities are analysed and monitored to develop a history of obligations and compliance Completed |
Evidence:
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Establish processes and plans
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Management plans and record keeping systems are developed to implement financial management strategies and ensure the maintenance of an audit trail Completed |
Evidence:
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Management processes are documented to ensure they promote standard application of compliance requirements Completed |
Evidence:
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Taxation liabilities are derived from income and expenditure estimates using standard accounting techniques Completed |
Evidence:
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Budgets are prepared in accordance with estimates and reviewed to ensure ongoing relevance of liability estimates Completed |
Evidence:
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Evaluate tax policies
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Variances between liabilities and taxation plans are analysed to identify errors in tax strategies Completed |
Evidence:
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Performance of tax liabilities in similar or related organisations and operations are monitored and evaluated to measure tax effectiveness and prepare benchmarks and standards Completed |
Evidence:
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Data is reviewed for accuracy, completeness and reliability of assumptions in liability projections Completed |
Evidence:
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Review tax compliance
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The achievement of performance indicators is assessed and reviewed against key result areas Completed |
Evidence:
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Taxation preparation processes are monitored and reviewed in line with professional taxation and accounting standards requirements Completed |
Evidence:
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Failures in compliance are analysed to diagnose shortcomings and to remedy processes in line with taxation authorities' requirements Completed |
Evidence:
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