ACFI3004
10 units
3000 level
Course handbook
Description
Australian income tax laws are complex and varied. This course introduces you to Australian income tax laws with specific emphasis on how to access provisions of the Income Tax Assessment Act and related legislation. In addition you will be made aware of tax planning issues that exist in relevant personal and business environments and learn how to communicate technical tax information to client taxpayers. The graduate qualities of problem solving, decision making and communication are enhanced throughout.
Availability2020 Course Timetables
Ourimbah
- Semester 1 - 2020
Newcastle City Precinct
- Semester 1 - 2020
PSB Singapore
- Trimester 2 - 2020 (Singapore)
Learning outcomes
On successful completion of the course students will be able to:
1. Demonstrate specific knowledge of Australian Income Tax Laws.
2. Access provisions of the Income Tax Assessment Act and related legislation.
3. Analyse, evaluate and synthesise information to solve tax problems.
4. Recognise, interpret and investigate tax planning issues in particular factual situations.
5. Communicate technical tax information to client taxpayers.
6. Demonstrate a practical knowledge of professional ethics and standards.
Content
Lectures may include, but are not restricted to, the following topics:
- International Taxation
- Assessable Income Ordinary Income
- Assessable Income Other Issues
- Allowable Deductions General Deductions
- Allowable Deductions Specific Deductions
- Calculation of Individual Taxation
- Depreciating Assets
- Retirement Payments
- Capital Gains Tax
- Fringe Benefits Tax
- Companies and Partnerships
- Good and Services Tax
Requisite
Students must have successfully completed ACFI1001.
Assessment items
Quiz: Mid Semester Quiz
Written Assignment: Individual Written Assessment
Formal Examination: Final Examination
Contact hours
Ourimbah, Newcastle City Precinct and PSB Singapore
Integrated Learning Session
Face to Face On Campus 2 hour(s) per Week for Full Term
Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.