UNIT

FNSACC601Prepare and administer tax documentation for legal entities

Release 4Current

Modification History

Release

Comments

Release 4

This version first released with FNS Financial Services Training Package Release 8.2.

Assessment Conditions updated.

Release 3

This version first released with FNS Financial Services Training Package Release 8.1.

Pre-requisite unit updated.

Release 2

This version first released with FNS Financial Services Training Package Version 3.1.

Update to pre-requisite unit code

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe

Application

This unit describes the skills and knowledge required to identify taxation requirements for complex lodgements and returns for legal entities. It involves gathering, analysing and processing taxation related data to prepare tax documentation, and to review and apply compliance requirements.

It applies to individuals who use specialised knowledge and systematic approaches and who follow specific guidelines to ensure compliance requirements are met.

Work functions in the occupational 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 (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

Pre-requisite Unit

FNSACC522

Prepare tax documentation for individuals

Unit Sector

Accounting

Unit Mapping Information

Code and title

current version

Code and title

previous version

Comments

Equivalence status

FNSACC601 Prepare and administer tax documentation for legal entities

FNSACC601B Prepare and administer compliant tax returns for legal entities

Updated to meet Standards for Training Packages

Title updated

Edits to clarify intent and update to meet industry requirements

Equivalent unit

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