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-Check all transactions for correct GST code, correct any mis-coding and add codes if necessary-Check amounts entered are accurate-Correct any errors and make adjusting entries if required-Print all relevant reports for filing with the BAS and the BAS Calculation Sheet. 24.What methods can be used to lodge a BAS or IAS?Short Answer Questions ChecklistUnit Code and Name:FNSTPB401 Complete business activity and instalment activity statementsStudent name:Assessor name:SatisfactoryresponseYesNo1Where might you find information relating to legislative, regulatory,industry and organisational requirements relating to activity statements?2What legislation, regulations and industry codes of practice relate to preparing activity statements? List at least seven.3What is the purpose of identifying, documenting and applying policies in relation to compliance with codes of conduct?
What type of work does a tax agent perform?5Who might you seek information from when work is outside your scope of operation?6What are the ATO definitions for planned generate dates and legislative due dates?What are the payment options that can be used for the entity?8Who should you talk to in relation to funds to meet statutory requirements?9What five categories has the code of professional conduct been summarised into?10Briefly outline the five categories that the code of professional conduct has been summarised into.11List seven different CPD opportunities you could use for competency development.12Where would you find information relating you’re your conduct expectations in your workplace?
14What are the three types of supply considered by the Australian GST legislation?15Each purchase or receipt must be classified in relation to the GST classification. GST classifications must include what?16What are the steps required for individual transactions in the accounting process?17Salaries and wages are regular payments made to employees for the work they have contributed to the businesses success. On a BASform, salaries and wages should be included at the appropriate section. What else should you include? List nine things.
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Taxation in the United States, Business Activity Statement, Christina Destounis