Unit convenor and teaching staff |
Unit convenor and teaching staff
Sally Joseph
Amy Tung
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
Admission to MProfAccg and (ACCG6011 and ACCG6014 and ACST6003 and ECON6049)
NB: Students must successfully complete CA - Ethics and Business module prior to enrolling in this unit. Students should directly enroll in the Ethic and Business module directly with CA ANZ.
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
All business decisions have tax implications. Being proficient in tax is essential for Chartered Accountants required to provide accurate professional advice. This unit will advance your technical knowledge of tax, and also develop broader business skills in problem solving, critical thinking, research and evaluation. The unit examines and applies relevant taxation law to various tax entities. Students are required to explain and calculate the taxation consequences applicable to a range of real-life simulated scenarios, including a comprehensive tax reconciliation which integrates the various units.Topics include trading stock, employment remuneration, capital gains tax, tax losses, international tax and tax planning. |
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Hurdle | Due |
---|---|---|---|
Report | 30% | No | 13 November 2022 |
CA - Online Scenario Assessment | 30% | No | 28-31 October 2022 |
CA - Final Exam | 30% | Yes | 22 November 2022 |
CA - Online Quiz | 10% | No | 14-17 October 2022 |
Assessment Type 1: Report
Indicative Time on Task 2: 20 hours
Due: 13 November 2022
Weighting: 30%
The case study will require students to analyse a set of facts concerning a taxpayer's individual circumstances, and then apply Australian tax law to arrive at conclusions and provide appropriate advice to the taxpayer.
Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 20 hours
Due: 28-31 October 2022
Weighting: 30%
Part A
To prepare for the assessment candidates will review scenario information that supports the completion of a tax reconciliation. In the online assessment, candidates will identify, adjust and input approximately 15 numerical items to complete the tax reconciliation and arrive at the final reconciliation sum. They will also identify the legislative references they used to complete the tax reconciliation.
Part B
Candidates will answer questions relating to various transactions and events focusing on different structures. Candidates will be provided with a separate tax reconciliation scenario and must explain the adjustments made or could be required to explain an error.
Assessment Type 1: Examination
Indicative Time on Task 2: 20 hours
Due: 22 November 2022
Weighting: 30%
This is a hurdle assessment task (see assessment policy for more information on hurdle assessment tasks)
The examination will consist of three discrete, scenario-based questions in which candidates are required to complete tax calculations, answer short and long questions to apply technical knowledge to determine and respond to taxation consequences relating to a range of tax issues.
Students are expected to sit and pass the CA examination to pass the unit.
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 10 hours
Due: 14-17 October 2022
Weighting: 10%
Tax administration and income tax online assessment activity
In an online quiz, candidates will respond to scenario-based multiple-choice questions concerning tax administration and controls and income tax. Some questions will require candidates to complete tax calculations relating to specific scenarios.
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Required Text:
Recommended Readings:
Unit Website:
Technology Used and Required:
Seminar | Topic |
1 |
Tax administration, management and controls |
2 |
Income Tax - Tax formula & Income |
3 |
Income Tax - Deductions |
4 |
Property and capital transactions - Capital allowances |
5 |
Property and capital transactions - Capital gains tax |
6 | Tax structures - non-company |
7 | Tax structures - company |
8 | International |
9 |
Goods and services ta |
10 |
Goods and services tax |
11 | Employment taxes and superannuation |
12 | Fringe benefits tax |
13 | Interactions between taxes and transactions |
Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/student-conduct
Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au
At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.
Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/student-conduct
Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
The Writing Centre provides resources to develop your English language proficiency, academic writing, and communication skills.
The Library provides online and face to face support to help you find and use relevant information resources.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.
The Library provides online and face to face support to help you find and use relevant information resources.
Macquarie University offers a range of Student Support Services including:
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
Got a question? Ask us via AskMQ, or contact Service Connect.
For all student enquiries, visit Student Connect at ask.mq.edu.au
If you are a Global MBA student contact globalmba.support@mq.edu.au
For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
Unit information based on version 2022.04 of the Handbook