ACC596 Advanced Taxation CPA (8)
CSU Discipline Area: Accounting (ACCOU)
Duration: One session
Abstract:
This subject deals with Australian taxation law and practice. Students will firstly consider the taxation administrative framework before moving to broader issues of assessable income and allowable deductions. Taxation will be considered in the context of individuals, partnerships, trusts and companies. The taxation of capital gains and fringe benefits will be examined, as will the structure and application of the goods and services tax legislation.
+ Subject Availability Modes and Locations
| Session 2 | |
|---|---|
| Distance | Wagga Wagga |
Continuing students should consult the SAL for current offering details: ACC596
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
Enrolment restrictions:
Available only to students enrolled in the Master of Professional Accounting (CPA) or the Master of Accounting Practice. Enrolment in this subject is further restricted to those students concurrently enrolled in the CPA Program professional level segment Advanced Taxation.
Objectives:
Upon successful completion of this subject, students should:
- be able to explain the administrative regime for taxation in Australia, including compliance, penalties and anti-avoidance provisions.
- be able to explain the principles of assessable income and allowable deductions.
- be able to determine the taxation responsibilities of individuals, partnerships, trusts and companies.
- be able to determine the taxation implications of legislation relating to capital gains and fringe benefits.
- be able to apply the goods and services tax legislation.
- be able to research the application of taxation law to a particular business situation, to determine the financial implications and explain the results.
- be able to identify and apply a framework for career-long learning in taxation sufficient to cope with on-going change in the tax environment.
Syllabus:
The subject will cover the following topics:
- Tax administration
- Assessable income
- Capital gains tax
- General and specific deductions
- Capital expenditure allowances
- Small business entities
- Taxation of individuals
- Taxation of partnerships
- Taxation of trusts
- Companies and dividends
- Consolidations
- Transfer pricing
- Fringe benefits tax
- Goods and services tax.
The information contained in the 2013 CSU Handbook was accurate at the date of publication: 24 April 2013. The University reserves the right to vary the information at any time without notice.