Implement tax plans and evaluate tax obligations

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSACC603, 'Implement tax plans and evaluate tax obligations'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Implement tax plans and evaluate tax obligations' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Assess legal entity's tax obligations

1.1 Quantify history and trends of legal entity's tax obligations arising from its historical taxable transactions, using standard accounting techniques

1.2 Analyse data from current transactions to resolve discrepancies and ambiguities and confirm suitability of legal entity

1.3 Conduct research to identify updates or additions to compliance requirements relevant to maximising client's benefit and establish recording and reporting requirements

1.4 Identify legal entity's tax obligations by analysing data on taxable transactions

1.5 Schedule payments of tax obligations by applying methods of determinations and tax bases

2. Develop tax plans

2.1 Assess implications of schedule on tax entity's operations and structure

2.2 Develop financial management strategies to ensure alignment of cash flow with incidence and schedules of tax obligations

2.3 Develop management process and record-keeping systems to implement financial management strategies and ensure maintenance of audit trail

2.4 Document management processes that include application of compliance requirements

2.5 Estimate future taxation obligations from income and expenditure forecasts using standard accounting techniques

3. Evaluate and advise on tax plan

3.1 Prepare budgets in accordance with income and expenditure forecasts, and periodically review to ensure accuracy of tax obligation estimates

3.2 Analyse variances between actual tax obligations and tax plan to identify errors or adjustment required to financial management strategies or management process

3.3 Monitor and evaluate performance of tax plans and advise accordingly

3.4 Monitor and review tax documentation to ensure it complies with legislative and professional requirements

3.5 Analyse evidence of non-compliance to diagnose origin and develop resolution