Taxation Practice for Accountants

Bond University

Course Description

  • Course Name

    Taxation Practice for Accountants

  • Host University

    Bond University

  • Location

    Gold Coast, Australia

  • Area of Study

    Accounting

  • Language Level

    Taught In English

  • Prerequisites

    ACCT11-100 Accounting for Decision Making OR LAWS10-100 Business Law OR LAWS11-110 Australian Legal System OR LAWS11-105 Legal Foundations A

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    10
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4.5 - 6
  • Overview

    Description

    Taxation Practice for Accountants provides students with knowledge of the taxation system and its administration in Australia and with necessary skills to work in the area of taxation practice. Topics covered reflect areas of taxation that are most frequently dealt with by accountants working in tax practice, and the teaching approach is designed to equip students with work-ready skills. Emphasis is placed on understanding compliance with statutory and professional requirements, and their application to current issues. This subject should be completed by students that want to apply for accreditation with the professional accounting bodies.
     
    Learning Objectives
    1. Know the sources of taxation regulation in Australia and describe the framework in which taxation is administered.
     
    2. Identify and describe the fundamentals of calculating the taxable income and tax payable for individuals and common tax entities.
     
    3. Identify and describe various types of taxation including income tax, capital gains tax, goods and services tax and fringe benefits tax.
     
    4. Apply knowledge of taxation regulation to perform basic taxation calculations for common tax entities.
     
    5. Describe the professional and statutory obligations associated with taxation practice and explain how they influence practitioner conduct.
     
    6. Describe and demonstrate the use of information systems in taxation practice.