The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
1. Assess legal entity's tax obligations
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1.1 Quantify history and trends of legal entity's tax obligations arising from its historical taxable transactions, using standard accounting techniques Completed |
Evidence:
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Analyse data from current transactions to resolve discrepancies and ambiguities and confirm suitability of legal entity Completed |
Evidence:
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1.3 Conduct research to identify updates or additions to compliance requirements relevant to maximising client's benefit and establish recording and reporting requirements Completed |
Evidence:
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1.4 Identify legal entity's tax obligations by analysing data on taxable transactions Completed |
Evidence:
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Schedule payments of tax obligations by applying methods of determinations and tax bases Completed |
Evidence:
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Develop tax plans
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2.1 Assess implications of schedule on tax entity's operations and structure Completed |
Evidence:
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Develop financial management strategies to ensure alignment of cash flow with incidence and schedules of tax obligations Completed |
Evidence:
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Develop management process and record-keeping systems to implement financial management strategies and ensure maintenance of audit trail Completed |
Evidence:
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Document management processes that include application of compliance requirements Completed |
Evidence:
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Estimate future taxation obligations from income and expenditure forecasts using standard accounting techniques Completed |
Evidence:
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Assess legal entity's tax obligations
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Quantify history and trends of legal entity's tax obligations arising from its historical taxable transactions, using standard accounting techniques Completed |
Evidence:
|
Analyse data from current transactions to resolve discrepancies and ambiguities and confirm suitability of legal entity Completed |
Evidence:
|
Conduct research to identify updates or additions to compliance requirements relevant to maximising client's benefit and establish recording and reporting requirements Completed |
Evidence:
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Identify legal entity's tax obligations by analysing data on taxable transactions Completed |
Evidence:
|
Schedule payments of tax obligations by applying methods of determinations and tax bases Completed |
Evidence:
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Assess implications of schedule on tax entity's operations and structure Completed |
Evidence:
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Develop financial management strategies to ensure alignment of cash flow with incidence and schedules of tax obligations Completed |
Evidence:
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Develop management process and record-keeping systems to implement financial management strategies and ensure maintenance of audit trail Completed |
Evidence:
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Document management processes that include application of compliance requirements Completed |
Evidence:
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Estimate future taxation obligations from income and expenditure forecasts using standard accounting techniques Completed |
Evidence:
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Evaluate and advise on tax plan
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Prepare budgets in accordance with income and expenditure forecasts, and periodically review to ensure accuracy of tax obligation estimates Completed |
Evidence:
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Analyse variances between actual tax obligations and tax plan to identify errors or adjustment required to financial management strategies or management process Completed |
Evidence:
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Monitor and evaluate performance of tax plans and advise accordingly Completed |
Evidence:
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Monitor and review tax documentation to ensure it complies with legislative and professional requirements Completed |
Evidence:
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Analyse evidence of non-compliance to diagnose origin and develop resolution Completed |
Evidence:
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