units

BTS3302

Faculty of Business and Economics

18 September 2017 22 December 2024

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This unit entry is for students who completed this unit in 2016 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.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

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

Faculty

Business and Economics

Organisational Unit

Department of Business Law and Taxation

Offered

South Africa

  • First semester 2016 (Day)

Synopsis

This unit introduces value added tax (VAT) and includes an examination of the taxation of residents, sole traders, close corporations and companies. It also includes an examination of the tax implications of company distributions and donations. This unit is a requirement for those students following the route to the qualification of Chartered Accountant (South Africa).

Outcomes

The learning goals associated with this unit are to:

  1. describe the rules and sections of the act regarding value added tax (VAT) and to apply them to calculate VAT in a variety of business transactions and practical scenarios
  2. calculate the tax payable on individuals and businesses
  3. differentiate between categories of business for tax purposes, such as sole traders, individuals, companies and close corporations
  4. explain and describe how donations are taxed and calculate the tax payable in a given set of circumstances
  5. explain provisions regarding dividends and apply the relevant principles in a given set of circumstances
  6. 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 BTS3302.

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

Prerequisites

BTW2301 or BTS2301