Implement tax plans and evaluate tax compliance

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 FNSACCT603B, 'Implement tax plans and evaluate tax compliance'.
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 compliance' 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

Elements and Performance Criteria

Element

Performance Criteria

1

Assess tax liabilities

1.1

Organisational and operational tax liabilities are identified by analysis of external and internal taxable transactions

1.2

History and trends in obligations arising from organisational transactions are quantified using standard accounting techniques

1.3

Data from transactions are analysed to resolve ambiguities and determine the nature of taxation options

1.4

Effects of taxes are analysed and scheduled by assessing methods of determination, tax bases and timing of incidence

2

Optimise tax positions

2.1

Implications of obligations on operations and structures are assessed to develop a range of treatments and responses

2.2

Financial management strategies are developed to ensure the alignment of cash flow with incidence and schedules of tax payments

2.3

Trends in tax liabilities are analysed and monitored to develop a history of obligations and compliance

3

Establish processes and plans

3.1

Management plans and record keeping systems are developed to implement financial management strategies and ensure the maintenance of an audit trail

3.2

Management processes are documented to ensure they promote standard application of compliance requirements

3.3

Taxation liabilities are derived from income and expenditure estimates using standard accounting techniques

3.4

Budgets are prepared in accordance with estimates and reviewed to ensure ongoing relevance of liability estimates

4

Evaluate tax policies

4.1

Variances between liabilities and taxation plans are analysed to identify errors in tax strategies

4.2

Performance of tax liabilities in similar or related organisations and operations are monitored and evaluated to measure tax effectiveness and prepare benchmarks and standards

4.3

Data is reviewed for accuracy, completeness and reliability of assumptions in liability projections

5

Review tax compliance

5.1

The achievement of performance indicators is assessed and reviewed against key result areas

5.2

Taxation preparation processes are monitored and reviewed in line with professional taxation and accounting standards requirements

5.3

Failures in compliance are analysed to diagnose shortcomings and to remedy processes in line with taxation authorities' requirements


Qualifications and Skillsets

FNSACCT603B appears in the following qualifications:

  • PSP60304 - Advanced Diploma of Government (Financial Management)
  • PSP50504 - Diploma of Government (Financial Services)