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?
Identify individual compliance and other requirements
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Research and document legislative, regulatory, industry and organisational requirements relating to activity statements and seek expert advice to clarify issues where applicable Completed |
Evidence:
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Review, interpret and apply legislation related to taxes reported on activity statements, using relevant materials when required and other resources supporting legislation Completed |
Evidence:
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Identify and document policies in relation to compliance with Code of Professional Conduct as stipulated in relevant legislation Completed |
Evidence:
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Identify and access information, advice or services outside individual’s scope of operation and establish and use networks where necessary Completed |
Evidence:
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Identify and document lodgement schedule requirements Completed |
Evidence:
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Assess entity’s cash flow and payment options and initiate discussion with management to ensure sufficient funds are available Completed |
Evidence:
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Recognise and apply GST implications and code transactions
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Identify, apply and record goods and services tax (GST) principles Completed |
Evidence:
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Identify and code purchases and/or payments as per GST classifications Completed |
Evidence:
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Identify and code sales and/or receipts as per GST classifications Completed |
Evidence:
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Process accounting data to comply with tax reporting requirements Completed |
Evidence:
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Report on payroll activities and amounts withheld
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Identify and reconcile total salaries, wages and other payments for accounting period Completed |
Evidence:
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Identify and reconcile amounts withheld from salaries and wages for accounting period in conjunction with payroll department if applicable Completed |
Evidence:
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Identify and reconcile amounts withheld from other payments for accounting period in conjunction with other departments if applicable Completed |
Evidence:
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Verify or calculate pay as you go (PAYG) instalment amount where applicable, or calculate for other payments where applicable Completed |
Evidence:
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Complete and reconcile activity statement
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Generate, review and validate activity statement reports, identify any errors and correct bookkeeping entries where required Completed |
Evidence:
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Make adjustments for previous quarters, months or year-end where necessary Completed |
Evidence:
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Complete BAS and/or IAS return in accordance with current statutory, legislative, regulatory and organisational schedule Completed |
Evidence:
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Reconcile figures completed on BAS and/or IAS form with journal entries, financial statements, GST and other control accounts Completed |
Evidence:
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Lodge activity statement
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Check activity statement and ensure sign off by appropriate person as identified by statutory, legislative and regulatory requirements Completed |
Evidence:
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Lodge activity statement in accordance with statutory, legislative and regulatory requirements Completed |
Evidence:
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Process and record payments and refunds as required Completed |
Evidence:
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