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| Assessment Summary FNSACC502 Prepare Tax Documentation Individuals |
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| Unit Details | FNSACC502 Prepare tax documentation for individuals |
| Prerequisite Units: | Nil |
Possible
Co-Requisite Units: | Nil |
| Assessment Type:FNSACC502 Prepare Tax Documentation Individuals | is a summative assessment, which requires each student to have adequate practice prior to undertaking this assessment. Assessment 1 will be undertaken in a real or simulated office environment. |
| Unit Summary: | This unit describes the skills and knowledge required to prepare non-complex income tax returns for individuals in accordance with statutory requirements, and encompasses gathering and verifying data, calculating taxable income and reviewing compliance requirements. It applies to individuals who use systematic approaches and follow specific guidelines to ensure compliance requirements are met. Work functions in the occup ational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioner Board (TAB). Refer to the FINS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements . |
| Assessment Methods | Observation | Assessment 1 (Tax return completion) |
| Written Assessments | Assessment 2 (Written Assessment) |
| Due Date: | 17/11/2017 |
ASSESSMENT SUMMARY / COVER SHEET
| This form is to be completed by the assessor and used as a final record of student competency. All student submissions including any associated checklists (outlined below) are to be attached to this cover sheet before placing on the students file. Student results are not to be entered into the Student Management Database unless all relevant paperwork is completed and attached to this form. |
