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TAXNZ Module Outlinev04
TAXNZ Module Outlinev04
TAXNZ Module Outlinev04
9 December 2013
Chartered Accountant
Admission to membership Achieve Graduate Diploma of Chartered Accounting (GradDipCA)
Integrates technical knowledge and professional skills, using complex real life case studies, to become a well-rounded professional
14 weeks Online learning, 3 face-to-face workshops Workshops (40%), Final exam (60%)
Capstone
Develops technical competence through problem-based learning using case studies and scenarios
12 weeks each Online learning, Optional face-to-face lecture forum (Aus)/virtual classrooms 3 online assessments (20%), Final exam (80%)
Taxation
3 years approved full time (or equivalent) Concurrent to study
Units
The TAX NZ module comprises the following units:
Unit 1 2 3 4 5 Name of unit Taxation fundamentals Goods and services tax (GST) Taxation of employment remuneration Income from property Trading stock ONLINE ASSESSMENT 1 6 7 8 9 10 11 Depreciation Taxation of sole traders and the self-employed Taxation of partnerships Taxation of companies Taxation of look-through companies Taxation of trusts ONLINE ASSESSMENT 2 12 13 14 15 16 Taxation of savings vehicles Taxation of financial arrangements Taxation of primary sector activities International taxation issues International tax: anti-avoidance ONLINE ASSESSMENT 3 17 18 19 20 Tax planning, ethics and antiavoidance provisions Tax administration Trans-Tasman tax issues Recent tax developments and tax calculation 6 6 5 7 120 FINAL EXAMINATION 5 5 5 8 8 5 4 5 8 4 6 Hours 11 7 7 4 4
Assessment
The assessment components are outlined below: Three online assessments 20% in total Final examination 80% (three hours, open book) To pass the module, candidates must pass the final examination (achieve 50% or more of the available marks), and pass the module overall (achieve 50% or more of the available marks).
Time allocation
The expected workload for this module is a minimum of 10 hours per week over 12weeks, or 120 hours in total, excluding module orientation, online assessments, the final exam and study time for the final exam. Candidates are advised to plan their enrolment carefully around work and other commitments to ensure they are able to devote the time required to their studies.
Assumed knowledge
It is assumed that candidates would have a good understanding of basic taxation principles from their undergraduate studies. Detailed below is a summary of the assumed knowledge for the module: Undertake research on taxation issues, which includes identifying sources of tax law and key cases. Define the principles of assessable income and identify the difference between revenue and capital receipts and ordinary and exempt income, as well as demonstrate an awareness of timing issues. Define the principles of allowable deductions and identify the difference between revenue and capital outgoings and between general and specific deductions with an awareness of timing issues. Understand the taxation implications of companies, trusts, partnerships and superannuation funds. Describe the administration of taxation in New Zealand, which includes issues regarding determining the residency of taxpayers and the consequences of tax avoidance or tax evasion. Explain the nature and incidence of fringe benefit tax. Explain the nature and incidence of the goods and services tax. Candidates can check their knowledge for each of the technical modules by taking the quiz in myLearning and if necessary, using the recommended resources to refresh their learning.