ACCT71-308: Taxation Practice for Accountants

Description

This subject provides an overview of the Australian taxation system and the conceptual framework in which it operates. The topics include essential areas of taxation that are most frequently dealt with by accountants working in tax practice, including compliance with statutory and professional obligations and their application. The subject is designed around an applied approach to learning that focuses on authentic professional tasks and situations.

Subject details

Code:	ACCT71-308
Study areas:	Business, Commerce, and Entrepreneurship

Learning outcomes

Explain and cite the sources of taxation regulation in Australia and describe the framework in which taxation is administered.
Interpret and apply a range of taxation provisions including income tax, capital gains tax, goods and services tax and fringe benefits tax, and administrative regulations, and explain the implications for taxpayers.
Analyse and solve taxation problems and calculate income tax, capital gains tax, fringe benefits tax, goods and services tax and other associated liabilities for a range of individuals and common tax entities.
Use professional tax preparation software to generate an income tax return and create a set of supporting working papers.
Communicate technical advice to clients and other parties regarding the taxation implications of proposed transactions in a professionally written report.
Explain the professional and statutory obligations associated with taxation practice and the implications for practitioner conduct expectations.

Enrolment requirements

Requisites:	Nil
Assumed knowledge:	Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge. Assumed Prior Learning (or equivalent): ACCT71-600: Accounting Principles LAWS71-100: Business Law
Restrictions:

Requisites:

Nil

Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.

Assumed Prior Learning (or equivalent):

Restrictions: