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ASSESSMENT INFORMATION for students

Throughout your training we are committed to your learning by providing a training and assessment framework that ensures the knowledge gained through training is translated into practical on the job improvements.

All of your assessment and training is provided as a positive learning tool. Your assessor will guide your learning and provide feedback on your responses to the assessment materials until you have been deemed competent in this unit.

HOW YOU WILL BE ASSESSED

The process we follow is known as competency-based assessment. This means that evidence of your current skills and knowledge will be measured against national standards of best practice, not against the learning you have undertaken either recently or in the past. Some of the assessment will be concerned with how you apply your skills and knowledge in the workplace, and some in the training room as required by each unit.

If you believe you already have the knowledge and skills to be able to demonstrate competence in this unit, speak with your trainer, as you may be able to apply for Recognition of Prior Learning (RPL).

Assessor Responsibilities

When required, request the manager or supervisor to determine that the student is ‘satisfactorily’ demonstrating the requirements for each unit. ‘Satisfactorily’ means consistently meeting the standard expected from an experienced operator.
When required, ensure supervisors and students sign off on third party assessment forms or third-party report.

The length of your answers will be guided by the description in each assessment, for example:

Type of Answer	Answer Guidelines
Short Answer	4 typed lines = 50 words, or
Long Answer
Brief Report	50 lines of handwritten text = 1$\frac{1}{2}$foolscap handwritten pages
Mid Report	1,000 words = 2-page typed report
Long Report

Include a reference list at the end of your work on a separate page. You should reference the sources you have used in your assessments in the Harvard Style. For example:

Website Name – Page or Document Name, retrieved insert the date. Webpage link.

assessment guide

Assessment Cover Sheet
Unit Code and Name:	FNSACC411 Process business tax requirements
Student name:			Student Number:
Assessor Name:			Date Submitted:
The following questions are to be completed by the assessor:
Is the Student ready for assessment?			Yes	No
Has the assessment process been explained?			Yes	No
Does the Student understand which evidence is to be collected and how?			Yes	No
Have the Student’s rights and the appeal system been fully explained?			Yes	No
Have you discussed any special needs to be considered during assessment?			Yes	No
The following documents must be completed and attached:
			S	NYS
			S	NYS
Student Declaration
I agree to undertake assessment in the knowledge that information gathered will only be used for professional development purposes and can only be accessed by the RTO
I declare that: The material I have submitted is my own work;
Student Signature:		Date:

Assessment cover sheet

project

The following tasks must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the accounting field of work and include access to the office equipment, technology, software and consumables required to process tax lodgements and returns, including:

Return and lodgement templates

Access the taxation accounting system requirements which are specific to your own role, and interpret these, including the specific taxation requirements you are required to comply with for business documents. Document the information relevant to your role.
Establish and maintain the records which are required to support the taxation accounting system, ensuring these are in compliance with the identified specific taxation requirements.

Identify and use the required returns and lodgements, in line with organisational procedures. Provide copies of required returns and lodgements.
Accurately process validated accounting data to comply with taxation reporting requirements. Provide evidence of the validation and taxation data processing.

a PAYG instalment liability of $6000,
a PAYG withholding liability of $1500, and

Explain how you would process this to comply with taxation reporting requirements.
How much input tax credit could be claimed?

Total sales, export sales, other GST free sales, capital purchases, noncapital purchases, GST on sales, GST on purchases,

Provide the correct codes for these transactions:

Capital purchases
Non-capital purchases

List ten things that are not reported in total sales.

Task 4 - Scenario

Export sales $50 000

lnput taxed sales $10 000

Purchases without GST in the price $8000

Calculation sheet fields

G3 Input taxed sales

G4G2 + G3 1- G4 GS Total sales subject to GST (Gl minus GS)

GlO Non-capital purchases (including any GST)

Gll GlO + Gll G12 Purchases for making input taxed sales G13 Purchases without GST in the price

Submit your completed calculation sheet and BAS with this assessment.

project report

Project Report Checklist
Unit Code and Name:	FNSACC411 Process business tax requirements
For this assessment, the student must complete the tasks.
Student name:
Assessor name:
Did the Student provide evidence of their ability to:		Has the student satisfactorily completed the practical activity?
Did the Student provide evidence of their ability to:		Yes	No
Access the taxation accounting system requirements which are specific to your own role, and interpret these, including the specific taxation requirements you are required to comply with for business documents.
Establish and maintain the records which are required to support the taxation accounting system, ensuring these are in compliance with the identified specific taxation requirements.
Establish the accounting process to manage process for taxation lodgements.
Establish the lodgement schedule requirements and maintain sufficient and current records in a manner which is compliant with the lodgement requirements and is in accordance with the organisational policies and procedures.
Identify and use the required returns and lodgements, in line with organisational procedures.
Accurately process validated accounting data to comply with taxation reporting requirements.
Draft the returns and lodgements for review by authorised personnel.
Discuss the key requirements of the legislation and of the ATO, as they relate to business taxation returns
Identify and define the accounting terminology found, relevant to the following, that will be used when processing business taxation requirements:
Business activity statements
Fringe benefits tax (FBT)
Pay as you go (PAYG) tax
Company tax
Wine equalisation tax
Luxury car tax
Payroll tax
Stamp duty

Explain how you would process this to comply with taxation reporting requirements.
How much input tax credit could be claimed?


Activity BAS code Total sales GST on sales GST on purchases,



Submitted a completed calculation sheet and BAS with this assessment.
Feedback to Student:
Result Satisfactory Not Yet Satisfactory
Assessor Signature:		Date:

short answer Questions

Instructions

Your Learner Guide and other learning materials provided for this unit of competence

Word limit

Discuss two of the range of lodgement standards that all records must comply with.

List the three main returns and lodgements required when processing business tax returns and lodgements.

short answer Questions

Short Answer Questions Checklist
Unit Code and Name:		FNSACC411 Process business tax requirements
Student name:
Assessor name:
				Satisfactory response
				Yes	No
1	Explain three of the different types of accounting systems you may need to interpret the relevant taxation accounting system requirements for
2	What are the requirements of taxations records?
3	List six specific taxation requirements for business documents.
4	Describe the three main types of accounting that will be used in preparation for tax compliance.
5	Discuss two of the range of lodgement standards that all records must comply with.
6	List the three main returns and lodgements required when processing business tax returns and lodgements
7	What are five pieces of information you might need to access and use when processing accounting data to comply with taxation reporting requirements?
8	Who may be the authorised personnel to review documents?
Feedback to Student:
Result Satisfactory Not Yet Satisfactory
Assessor Signature:			Date: