units

BTS2301

Faculty of Business and Economics

18 September 2017 22 December 2024
Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Business Law and Taxation
OfferedSouth Africa Second semester 2015 (Day)
Coordinator(s)Ms Teresa Calvert-Pidduck

Synopsis

This unit provides an introduction to the principles and practices of taxation in South Africa. Topics covered include: gross income; special inclusions; exempt income; allowable deductions; special deductions; capital allowances; capital gains tax; value added tax (VAT); and South African tax law. This unit is a requirement for students wanting to register as a Chartered Accountant with the South African Institute of Chartered Accountants (SAICA).

Outcomes

The learning goals associated with this unit are to:

  1. describe and explain various aspects of the South African taxation system
  2. determine what is included in gross income
  3. evaluate and determine what is exempt and specifically included in taxable income
  4. identify and calculate the special and general deductions/ allowances that are allowed against taxable income
  5. identify transactions that will be subject to capital gains tax and calculate the taxable amount in terms of the relevant provisions
  6. identify transactions that will be subject to Value Added Tax and describe the rules and calculate how they are taxed
  7. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with taxation and demonstrate in an individual summative assessment the acquisition of a comprehensive understanding of the topics covered in BTS2301.

Assessment

Within semester assessment: 30%
Examination: 70%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Ms Teresa Calvert-Pidduck

Prerequisites

AFW1002 or ACW1002, and BTW1201.

Prohibitions

BTW2301