Finance & Accounting Training Catalog

OBJECTIVES:

By the end of this session, you should be able to:

1. Explain the basic concepts of Australian accounting and its regulatory framework.

TOPICS:

INTRODUCTION TO ACCOUNTING
AUSTRALIAN ACCOUNTING FUNDAMENTALS

1. Accruals
2. Accounting Cycle
3. Financial Statements

RESPONDING TO CLIENTS WITH CONFIDENCE AND PROFESSIONALISM
AUSTRALIAN GOVERNMENT STRUCTURE

1. AASB and IFRS
2. Compliance
3. Regulatory Framework
   Corporations Act of 2001

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OBJECTIVES:

By the end of this session, you should be able to:

1. Apply the accounting equation to common business transactions.

TOPICS:

THE ACCOUNTING EQUATION
FORMULA: ASSETS = LIABLITIES + OWNER’S EQUITY EXPLANATION OF EACH ELEMENT

1. Assets: Resources Owned (Cash, Equipment, and Receivables)
2. Liabilities (Obligations/Debts Owed (Loans and Payables)
3. Equity: Owner’s Interest/Residual Claim

UNDERSTANDING THE BALANCE SHEET

1. Link between Accounting Equation and the Balance Sheet
2. Examples of Balance Sheet Presentation

BUSINESS TRANSACTIONS AND THEIR EFFECTS
COMMON TRANSACTIONS AND THEIR IMPACT ON THE EQUATION

1. Owner investment
2. Purchasing assets (cash/credit)
3. Borrowing money
4. Paying expenses
5. Revenue earned

DUAL ASPECT CONCEPT (EVERY TRANSACTION HAS TWO EFFECTS)

COMMON ERRORS AND MISCONCEPTIONS

1. Mistaking Expenses as Assets
2. Forgetting the Double-Entry Nature
3. Confusing Liabilities and Equity

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OBJECTIVES:

By the end of this session, you should be able to:

1. Record and analyze transactions using the debit-credit framework.

TOPICS:

THE DOUBLE-ENTRY ACCOUNTING SYSTEM

1. Assets = Liabilities + Equity
2. Link between the Accounting Equation and Debits/Credits

DEBITS AND CREDITS DEFINED

1. Debit (DR) and Credit (CR) Explained
2. Left Side vs Right Side of an Account
3. Debits ≠ Increases,
4. Credits ≠ Decreases (Depends on Account Type)

NORMAL BALANCES OF ACCOUNTS

1. Assets Debit balance
   Liabilities Credit balance
2. Equity Credit balance
3. Revenue Credit balance
4. Expenses Debit balance
5. Memorization tools (e.g., DEALER: Dividends, Expenses, Assets = Debit; Liabilities, Equity, Revenues = Credit)

ANALYZING TRANSACTIONS

1. Step 1: Identify accounts involved
2. Step 2: Classify each account (asset, liability, equity, etc.)
3. Step 3: Determine if each increases or decreases
4. Step 4: Apply debit/credit rules

RECORDING TRANSACTIONS: JOURNAL ENTRIES
STRUCTURE OF A JOURNAL ENTRY (DATE, ACCOUNTS, DEBITS, CREDITS)
SIMPLE EXAMPLES

1. Owner investment
2. Purchase of equipment (cash/credit)
3. Revenue earned (cash/receivable)
4. Payment of expenses

COMPOUND ENTRIES (IF APPLICABLE FOR ADVANCED PRACTICE)

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OBJECTIVES:

By the end of this session, you should be able to:

1. Understand GST, depreciation, and income tax fundamentals in the Australian context.

TOPICS:

UNDERSTANDING GOODS AND SERVICES TAX (GST)

1. Taxable Goods and Services
2. Registration and Remittance

UNDERSTANDING DEPRECIATION

1. Tax Deduction Under ATO
2. Types of Depreciation
3. Capital Allowance

THE BASICS OF INCOME TAX

1. Tax Residency
2. Taxable Income and Tax Table
3. Progressive Tax Rates
4. Tax Offsets
5. Levies
6. Tax Lodgment

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OBJECTIVES:

By the end of this session, you should be able to:

1. Interpret financial statements and apply budgeting, forecasting, and cashflow concepts.

TOPICS:

BUDGET, FORECASTING AND CASHFLOW BASICS
BUDGET

1. Definition and Purpose (Planning vs Control)
2. Components (Income, Expenses, Savings and Reserves)

FORECASTING

1. Difference from Budgeting (Forward-looking vs Fixed Plan)
2. Common Forecasting Methods (Historical Trend, Assumptions)

CASHFLOW

1. Inflows vs Outflows
2. Why “Cash is King”

UNDERSTANDING FINANCIAL STATEMENTS
BALANCE SHEET

1. Assets, Liabilities, and Equity (Basic Equation)

INCOME STATEMENT (P&L)

1. Revenue, Expenses, and Net Income

CASHFLOW STATEMENT

1. Operating, Investing, and Financing Activities

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OBJECTIVES:

By the end of this session, you should be able to:

• Differentiate between traditional AI and generative AI in the accounting context.
• Explore practical applications of AI tools such as ChatGPT, Microsoft Copilot, and Google Gemini.
• Identify common adoption challenges and strategies for integrating AI into accounting workflows.

TOPICS:

This module covers the key differences between traditional AI and generative AI, explores essential tools like ChatGPT, Microsoft Copilot, and Google Gemini, and addresses common adoption challenges. By the end, you’ll understand AI’s impact on the workplace and how to integrate it into your workflow effectively.

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OBJECTIVES:

By the end of this session, you should be able to:

• Set up a ChatGPT account and navigate the interface.
• Craft effective prompts to generate useful outputs.
• Compare features of the free and paid versions to optimize usage.

TOPICS:

This module will guide you through account setup, interface navigation, and crafting effective prompts. You’ll also learn the key differences between free and paid versions. By the end, you’ll be able to use ChatGPT confidently to streamline tasks and boost productivity.

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OBJECTIVES:

By the end of this session, you should be able to:

• Upload documents and create clear summaries
• Compare reports to find key similarities and differences
• Repurpose information into newsletters, guides, or other useful materials

TOPICS:

This module covers uploading and summarising documents, comparing reports, and transforming information into newsletters or guides. You’ll learn techniques to streamline content management and save time. By the end, you’ll efficiently handle large texts and create valuable materials with ease.

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OBJECTIVES:

By the end of this session, you should be able to:

• Recognize common AI limitations such as hallucinations and errors
• Fact-check and verify AI-generated outputs for accuracy
• Apply strategies to use AI responsibly and improve content reliability

TOPICS:

This module covers AI’s limitations, including hallucinations and errors, and the importance of fact-checking its outputs. You’ll learn strategies to verify AI-generated content and improve reliability. By the end, you’ll know how to use AI responsibly and ensure accuracy in your work.

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OBJECTIVES:

By the end of this session, you should be able to:

• Use AI tools to draft and refine written content
• Enhance clarity and structure in writing with AI support
• Maintain their unique voice while co-writing with AI

TOPICS:

This module explores how AI can assist in drafting and refining written content. You’ll learn techniques for co-writing with AI, enhancing clarity, and maintaining your unique voice. By the end, you’ll be equipped to collaborate effectively with AI on various writing tasks.

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the importance of transparency when using AI
• Identify situations where AI use should be disclosed
• Communicate AI involvement in their work clearly and appropriately

TOPICS:

This module discusses ethical considerations and best practices for transparency in AI usage. By the end, you’ll know how to appropriately communicate AI involvement in your work.

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OBJECTIVES:

By the end of this session, you should be able to:

• Use AI tools to diagnose common technical issues
• Find and apply AI-suggested solutions to problems
• Improve efficiency in tech-related workflows with AI assistance

TOPICS:

This module covers how to leverage AI for diagnosing issues, finding solutions, and improving tech-related workflows. By the end, you’ll be able to use AI to enhance your technical problem-solving skills.

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OBJECTIVES:

By the end of this session, you should be able to:

• Categorise and group data using AI tools
• Summarise large sets of data into key insights
• Apply AI to streamline and improve data organisation tasks

TOPICS:

This module teaches you how to use AI for data categorisation, summarisation, and analysis. By the end, you’ll be adept at employing AI to streamline data organisation tasks.

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OBJECTIVES:

By the end of this session, you should be able to:

• Identify risks of using AI with confidential information
• Apply safeguards to protect data privacy and security
• Use AI tools responsibly while handling sensitive information

TOPICS:

This module addresses the risks and safeguards associated with using AI when dealing with confidential information. By the end, you’ll understand how to maintain data privacy and security while utilising AI tools.

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OBJECTIVES:

By the end of this session, you should be able to:

• Describe the key features of Microsoft Copilot.
• Identify ways Copilot can support accounting tasks.
• Apply Copilot to enhance workflow efficiency.

TOPICS:

This module provides an overview of Copilot’s features and how it can assist in various accounting tasks. By the end, you’ll be prepared to incorporate Microsoft Copilot into your workflow.

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain how ChatGPT can be customised to reflect user preferences.
• Apply strategies to train ChatGPT for your work style.
• Use customised settings to improve task efficiency and relevance.

TOPICS:

This module guides you on training ChatGPT to understand your preferences and work style. By the end, you’ll be able to customise ChatGPT to better support your specific needs.

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OBJECTIVES:

By the end of this session, you should be able to:

• Build essential knowledge in tax compliance
• Develop practical skills through guided exercises and real-world scenarios
• Prepare participants for client-facing roles and advanced tax workstreams

TOPICS:

• Introducing the tax system
• Income tax fundamentals
• Income
• Deductions
• General deductions
• Specific deductions
• Capital gains
• Tax credits/offsets
• Substantiation requirements
• Tax reconciliations
• Tax compliance process – typical workflow

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OBJECTIVES:

By the end of this session, you should be able to:

• Build essential knowledge in tax compliance
• Develop practical skills through guided exercises and real-world scenarios
• Prepare participants for client-facing roles and advanced tax workstreams

TOPICS:

• Using prefill and other ATO reports & information
• Specific income for individuals, including:
• Wages and PAYG Withholding
• Influencers and side hustles
• Specific deductions for individuals, including:
• Work-related expenses
• Cost of managing tax affairs
• Superannuation – personal concessional contributions
• Medicare Levy & Medicare Levy Surcharge (MLS)
• Preparation of income tax returns using case study

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OBJECTIVES:

By the end of this session, you should be able to:

• Build essential knowledge in tax compliance
• Develop practical skills through guided exercises and real-world scenarios
• Prepare participants for client-facing roles and advanced tax workstreams

TOPICS:

• Case Study Recap
  Partnerships 101
• What’s a partnership?
• How is a partnership taxed?
• Rental Properties
• Joint Ventures 101
• Partnerships vs Joint Ventures – Summary
• Selected Accounts – Employment-related
• Fringe Benefits Tax & Entertainment
• Salaries & Wages
• Superannuation Contributions
• Superannuation Guarantee Charge (SGC)
  Superannuation
• Contributions for Individual Partners
• Other costs of employment
• Preparing rental schedule for Homer & Marge
• Preparing tax rec & tax return for Simpson & Simpson Lawyers Partnership

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OBJECTIVES:

By the end of this session, you should be able to:

• Build essential knowledge in tax compliance
• Develop practical skills through guided exercises and real-world scenarios
• Prepare participants for client-facing roles and advanced tax workstreams

TOPICS:

• Case Study Recap
  Companies 101
• What’s a company?
• How is a company taxed?
• Corporate tax rates & Base rate entities (BRE)
• PAYG instalments
• Applying prior year losses
• Selected Accounts
• Trading Stock
• Travelling Expenses
• Franking & Dividends
• What is franking?
• Franking accounts & Franking Deficit Tax (FDT)
• Division 7A Basics
• What is Division 7A?
• Calculating & Paying the Minimum Yearly Repayment (MYR)
• Preparing tax rec & tax return for Boards by Bart Pty Ltd

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OBJECTIVES:

By the end of this session, you should be able to:

• Build essential knowledge in tax compliance
• Develop practical skills through guided exercises and real-world scenarios
• Prepare participants for client-facing roles and advanced tax workstreams

TOPICS:

• Case study recap
• Trusts 101
• What’s a trust?
• How is a trust taxed?
• What is “income”?
• Present entitlement
• Who pays tax?
• Other considerations
• Using trust losses
• Vesting the trust
• Distribution Resolutions & Streaming
• Family Trust Elections (FTE)
• Pros vs Cons
• Variation or Revocation of an FTE/IEE
• Reading an annual tax statement from a managed portfolio
• Preparing tax rec & tax return for HOMAR Family Trust, Homer & Marge

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OBJECTIVES:

By the end of this session, you should be able to:

• Build essential knowledge in tax compliance
• Develop practical skills through guided exercises and real-world scenarios
• Prepare participants for client-facing roles and advanced tax workstreams

TOPICS:

• Ethics & Professional Conduct
• Why do we care about ethics in our profession?
• Identifying & addressing threats under APES 110
• Ethics for accountants – APESB standards
• Ethics for Tax/BAS agents – TPB Code of Conduct
• Onboarding a new client
• New Code of Conduct obligations
• Tax Administration
• Who needs to lodge a tax return?
• Due dates & Amendment timeframes
• Lodgement deferrals
• Penalties & Interest charges – FTL, GIC & SIC
• Payment plans
• Objections & Reviews
• Reliance on ATO publications and tools

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OBJECTIVES:

By the end of this session, you should be able to:

• Build essential knowledge in tax compliance
• Develop practical skills through guided exercises and real-world scenarios
• Prepare participants for client-facing roles and advanced tax workstreams

TOPICS:

• Case study recap
• Looking at the ‘Big Picture’
• Preparing a group tax summary
• Calculating the effective tax rate
• Post-lodgement considerations
• Interest charges
• Failure to lodge penalties
• Tax planning basics
• What is tax planning?
• General anti-avoidance – Part IVA
• What do you need for tax planning?
• Distribution resolutions
• Tax planning tips for 2025

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the legal nature, structure, and key roles within companies.
• Identify tax and non-tax considerations in choosing and operating a company.
• Describe how companies are taxed, including residency, SBE/BRE status, and corporate tax rates.

TOPICS:

Introduction to the case study
Legal nature of companies
Basic legal overview
Company constitutions & other documents
Key parties and roles in a company
Shareholders & shares
Directors, duties, DIN, DPN
Secretary
Public officer
Public vs Private companies
Why choose to use a company (or not)?
Non-tax considerations
Tax considerations
Tax nature of companies
How are companies taxed?
Tax residency of companies
Small business entity (SBE)
Base rate entity (BRE)
Corporate tax rate vs Corporate tax rate for imputation

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain how companies calculate taxable income, including assessable income and deductions.
• Apply the rules for company losses, including COT, BCT, and loss carry-back offsets.
• Understand company tax reconciliation processes and PAYG instalments.

TOPICS:

Company tax reconciliation
Income & Deductions
Assessable income (briefly)
General deductions (briefly)
Specific deductions
Bad debts for companies
Blackhole expenditure
Company losses
Overview and restrictions
Continuity of Ownership Test (COT)
Business Continuity Test (BCT)
Conditions for deducting losses
Loss carry-back tax offset
PAYG instalments

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OBJECTIVES:

By the end of this session, you should be able to:

• Understand the tax treatment of dividends, including deemed dividends, bonus issues, and liquidator distributions.
• Explain how the franking and imputation system operates, including franking credits, offsets, and distribution rules.
• Apply compliance requirements related to franking account transactions, deficit tax, and anti-streaming provisions.

TOPICS:

What are dividends?
Share capital tainting
Deemed dividends
Excessive payments under s 109 ITAA 1936
Division 7A
Tax treatment of miscellaneous share transactions
Bonus share issues
Distribution by liquidators
Assessability of dividend income
Franking and imputation system
Entitlement to tax offsets
Types of distributions
Franking credits
Distribution statements
Benchmark, Anti-streaming and Disclosure rules
Franking account transactions
Franking deficit tax (FDT) and overfranking
Other tax offsets

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the key tax incentives available to companies, including R&D and early-stage investor concessions, and their implications.
• Analyse the rules and impacts of tax consolidations, including loss transfers, franking accounts, and tax sharing agreements.
• Evaluate the tax consequences of winding up a company, including returns of capital and deemed dividends.

TOPICS:

R&D tax incentives
Overview
Impact on franking account
Early stage investor incentives for innovation companies
Overview
Investor’s perspective
Tax Consolidations
Overview
Single entity rule
Transferring and using losses
Franking accounts and credits
Tax sharing agreements
Winding up a company
Return of capital
Deemed dividends
Other considerations

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OBJECTIVES:

By the end of this session, you should be able to:

• Define what a trust is and explain its key components, including settlor, trustee, beneficiaries, and trust deed
• Describe the residency rules and vesting period for trusts
• Differentiate between major types of trusts, including discretionary, fixed, hybrid, testamentary, and statutory trusts

TOPICS:

​Introduction to the Case Study
Defining ‘Trust’
Trust Components & Concepts
Settlor
Settled sum
Trust property
Beneficiary / Object
Guardian & Appointor
Trustees
Vesting period
Trust deed
Residency of Trusts
Types of Trusts
Inter vivos trusts – Fixed, Discretionary, Hybrid
Trusts created by will or on intestacy (testamentary)
Trusts created by law or equity

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain how trust income is defined and taxed, including the differences between “net income” and “trust law income”
• Apply rules on beneficiary entitlements, trustee distribution minutes, and present entitlement
• Describe taxation outcomes for different scenarios, including minors, no present entitlement, and trustee assessments

TOPICS:

Taxation Framework of Trust Income
Who gets taxed?
Present entitlements
Trustee distribution minutes
“Net income” vs “Trust law income”
What is “net income”
When “net income” differs from “trust law income”
Proportionate vs Quantum approach (Bamford case)
Taxing the beneficiary
Beneficiary is presently entitled
Minors
No beneficiary presently entitled
Beneficiary disclaimers of entitlements
Trustee assessments & PS LA 2015/2

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain how CGT applies to trusts, including key CGT events and the treatment of capital gains
• Apply rules for streaming and distributing capital gains under Subdivision 115-C
• Identify and apply trust loss tests, including stake, business, control, pattern of distributions, and income injection tests

TOPICS:

CGT and trusts – an overview
Some CGT events relevant to trusts
How to treat capital gains in a trust
Streaming of capital gains
Flow through of capital gains – Subdivision 115-C
Specific entitlements
Trust losses
Which tests apply to deduct a loss or debt in a trust?
50% stake test
Same or similar business test (SBT)
Pattern of distributions test
Control test
Income injection test

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the purpose of family trusts, their advantages, disadvantages, and integrity rules such as FTDT and FTEs
• Apply trust integrity measures, including Section 100A, Division 7A, and rules on interposed entity elections and trust resettlements
• Identify the legal and tax consequences of vesting a trust, including control, distribution, and compliance issues

TOPICS:

Why have a family trust (or not)?
Advantages & Disadvantages
Family Trust Distributions Tax (FTDT)
Family Trust Elections (FTE)
Family Control Test
Specified individual & the “Family Group”
Retrospective elections
Revocation of FTEs
Interposed Entity Elections (IEE)
Trust Resettlements
Overview
Vesting day issues
Trust splitting
Integrity measures
Section 100A
Division 7A
Vesting a Trust
Trust law consequences
Tax law consequences

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain GST fundamentals, including registration, types of supplies, and accounting methods
• Apply rules for BAS lodgement, tax invoices, and input tax credits (ITCs)
• Use case study scenarios to address GST compliance requirements and obligations

TOPICS:

Introducing the Case Study: Monica the Knitting and Catering Enthusiast!
Background on introduction of GST
Types of supplies
GST registration and relevant definitions
Entity
Enterprise
Indirect tax zone
Turnover and threshold
GST group registration
ABN
BAS lodgement
Due dates – quarterly and monthly
Cash vs Accruals (Non-cash) accounting
Attribution and Input Tax Credits (ITCs)
Tax invoices and information requirements

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OBJECTIVES:

By the end of this session, you should be able to:

• Differentiate between taxable, GST-free, input-taxed, and mixed supplies
• Explain GST rules for exports and imports, including when GST applies and when exemptions apply
• Apply GST concepts such as consideration, related party transactions, and the Deferred GST Scheme (DGST)

TOPICS:

Recap of basic GST rules and concepts
Benefits of having no GST!
Taxable Supplies
Meanings of “Supply” and “Consideration”
Related party transactions
Non-Taxable Supplies
GST-Free Supplies
Input-Taxed Supplies
Mixed Supplies
Exports & Imports
When exports are GST-free?
When GST applies on imports and making payment
Deferred GST Scheme (DGST)

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OBJECTIVES:

By the end of this session, you should be able to:

• Identify GST issues relating to partnerships, joint ventures, property, and financial supplies
• Apply GST rules to complex transactions such as property sales, rent, and going concern sales
• Manage GST adjustments, cancellations, and special provisions under Divisions 129 and 135

TOPICS:

Partnerships
Joint ventures
Property
Residential premises & Rent
Property sales
Going concern – Sale of business

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OBJECTIVES:

By the end of this session, you should be able to:

• Identify GST issues relating to partnerships, joint ventures, property, and financial supplies
• Apply GST rules to complex transactions such as property sales, rent, and going concern sales
• Manage GST adjustments, cancellations, and special provisions under Divisions 129 and 135

TOPICS:

Financial supplies
Apportionment & Adjustments
Cancelling registrations
Division 129
Division 135

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the rules for acquisitions and claiming input tax credits (ITCs)
• Apply concepts of creditable purpose and apportionment in GST reporting
• Prepare a BAS with correct ITC claims and lodgement requirements

TOPICS:

Acquisitions & Claiming Input Tax Credits (ITCs)
Creditable purpose & Apportionment
Preparing a BAS
Recap of BAS lodgement

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OBJECTIVES:

By the end of this session, you should be able to:

• Define key concepts such as CGT Small Business Entity (SBE), aggregated turnover, connected entities, and affiliates.
• Explain the criteria for identifying an Active Asset and its relevance to CGT concessions.
• Describe the four main Small Business CGT concessions

TOPICS:

What is a CGT SBE?
Aggregated turnover
Connected Entities
Affiliates
What is an Active Asset?
Specific Concessions:
15 year exemption
Small Business CGT 50% Active Asset Concession
Small Business Retirement Concession
Small Business Active Asset Rollover Concession

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OBJECTIVES:

By the end of this session, you should be able to:

• Identify eligibility conditions for Small Business CGT concessions.
• Explain affiliates, connected entities, and control tests.
• Apply turnover and MNAV tests to assess qualification.

TOPICS:

Introduction to the Small Business CGT Concessions
Overview of Basic Eligibility Conditions
Affiliates & Connected Entities
Grouping requirements
Control test
Modified control tests for companies, partnerships and
discretionary trusts
CGT Small Business Entity aggregated turnover test
Maximum net asset value test (MNAV)

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OBJECTIVES:

By the end of this session, you should be able to:

• Apply the Active Asset Test, including conditions for shares and trust interests.
• Define CGT concession stakeholders and significant individuals.
• Calculate and interpret the Small Business Participation Percentage (SBPP).

TOPICS:

Active Asset Test
Additional conditions for CGT assets that are shares in a company or
interests in a trust
CGT concession stakeholder
Significant individuals
Small business participation percentage (SBPP)

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the range and interaction of Small Business CGT concessions.
• Calculate capital gains and apply the relevant concessions.
• Assess eligibility and application of the 15-year exemption.

TOPICS:

Overview of Small Business CGT Concessions
Interaction of concessions
Calculation of capital gain
Applying the concessions
15-year exemption

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OBJECTIVES:

By the end of this session, you should be able to:

• Describe the key features of the 50% active asset reduction, retirement exemption, and rollover concession.
• Apply the concessions to reduce or defer capital gains.
• Evaluate eligibility and strategic use of these concessions for small businesses.

TOPICS:

50% active asset reduction
Retirement exemption
Small business rollover (replacement asset)

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the purpose and key concepts of Fringe Benefits Tax (FBT).
• Identify different types of benefits, exemptions, and concessions under FBT.
• Apply basic rules to calculate FBT for various employers.

TOPICS:

What is FBT?
Key concepts
Types of employers
Calculation
Types of benefits
Key exemptions and concessions

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OBJECTIVES:

By the end of this session, you should be able to:

• Define what qualifies as a ‘car’ for FBT purposes and identify applicable exemptions and exclusions.
• Compare valuation methods for car benefits, including the Statutory Formula Method (SFM) and Operating Cost Method (OCM).
• Apply logbook requirements to ensure compliance in valuing motor vehicle benefits.

TOPICS:

Definition of a ‘car’
Exemptions and exclusions
Valuation of benefits under Statutory Formula Method (SFM)
Valuation of benefits under Operating Cost Method (OCM)
Logbook requirements

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain key definitions and conditions that determine when car parking fringe benefits arise.
• Identify applicable exceptions and exemptions to reduce or eliminate car parking benefits.
• Apply valuation rules to accurately calculate car parking fringe benefits.

TOPICS:

Key definitions and conditions
Exceptions and exemptions
Counting number of benefits
Valuation of benefits

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OBJECTIVES:

By the end of this session, you should be able to:

• Differentiate between LAFHA, housing, board, and travel-related fringe benefits.
• Identify available concessions and exemptions, including remote area concessions.
• Apply FBT rules to relocation scenarios, expats, and temporary visa holders.

TOPICS:

Living Away From Home Allowance (LAFHA) fringe benefits
Housing fringe benefits
Board fringe benefits
Remote Area concessions
Travel
Relocations
Expats & Temporary Visa holders

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the tax treatment of meal entertainment benefits.
• Identify rules and obligations for tax-exempt body entertainment.

TOPICS:

Meal entertainment
Tax exempt body entertainment

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OBJECTIVES:

By the end of this session, you should be able to:

• Describe the rules and valuation methods for expense payment, loan, and debt waiver fringe benefits.
• Apply compliance requirements when providing money-related benefits to employees.

TOPICS:

Expense payment fringe benefits
Loan fringe benefits
Debt waiver fringe benefits

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OBJECTIVES:

By the end of this session, you should be able to:

• Describe the nature and tax treatment of property and residual fringe benefits.
• Apply FBT rules to identify, value, and report these benefits correctly.

TOPICS:

Property fringe benefits
Residual fringe benefits

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OBJECTIVES:

By the end of this session, you should be able to:

• Identify the key FBT documentation and record-keeping obligations for employers.
• Explain the role of elections and declarations in managing FBT compliance.
• Report fringe benefits amounts (RFBA) and understand their interaction with other tax and reporting obligations.

TOPICS:

FBT Documentation and Record-keeping requirements
Post-Lodgement admin
Employer Elections and Declarations
Employee Declarations
Reportable Fringe Benefits amounts (RFBA)
Interaction with other obligations

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the core principles of Division 7A, including associates and transactions subject to the rules.
• Calculate distributable surplus and minimum yearly repayments under Division 7A.
• Compare Division 7A with FBT rules and identify ways to manage and record Division 7A transactions, including unpaid present entitlements.

TOPICS:

Basic concepts
What is an associate?
Types of transactions caught – payments, forgiven debts, loans
Calculating the distributable surplus
Calculating the minimum yearly repayments
FBT vs Division 7A tiebreakers
Division 7A and Unpaid Present Entitlements
Ways to manage Division 7A
How to record Division 7A transactions and disclosures

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OBJECTIVES:

By the end of this session, you should be able to:

• Develop strategies to explain Division 7A risks and implications in clear, client-friendly language.
• Address common client questions and misconceptions (e.g., loans, bonuses, company purchases) with practical, compliant responses.
• Apply advisory frameworks, including use of trusts, bucket companies, and year-end planning tools, to guide clients in managing Division 7A issues.

TOPICS:

Introduction and contents
Client situation
How to explain why Division 7A is bad
Can I pay my wife a bonus?
Can I take out a loan? My mate says it’s tax free
Can I get the company to buy the boat?
What if I put it into a managed fund
Why should I setup a discretionary trust
Div7A loan v franked dividend
How to pitch bucket company strategy
Year end planning cheat sheet
How to manage UPE – options
Key takeaways – framework for advisory
What’s your number 1 key takeaway today
What did you think of the workshop

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OBJECTIVES:

By the end of this session, you should be able to:

• Define Capital Gains Tax (CGT) assets and identify specific types, including collectables, personal use assets, and pre-CGT assets.
• Explain common CGT exemptions and events, including CGT Events A1, B1, C1/C2, D1/D2, E1/E2/E4, I1, and K3/K4/K6.
• Apply CGT concepts to practical scenarios through case studies.

TOPICS:

Overview
What is a CGT Asset?
Specific types of CGT Assets
Collectables
Personal Use Assets
Pre-CGT Assets
Exemptions
CGT Events
CGT Event A1
CGT Event B1
CGT Event C1 and C2
CGT Event D1 and D2
CGT Event E1 and E2
CGT Event E4
CGT Event I1
CGT Event K3, K4 and K6
Case Study examples

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the general rules for calculating cost base and capital proceeds, including modifications and part disposals.
• Apply CGT rules for main residence, residency, rollovers, and market value substitution.
• Use case studies to calculate cost base and proceeds in practical scenarios.

TOPICS:

Summary of Legislation
General rules
Modifications
Split Assets
Part Disposal
Main Residence
Residency
Rollovers
Market Value Substitution
What is Market Value?
Case Study Questions

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain key CGT concessions, including the 12-month discount and main residence rules.
• Apply CGT rules to life events such as absence, changing main residence, and death.
• Understand CGT implications for non-residents, including taxable Australian property (TAP) and applicable discounts.

TOPICS:

Overview​
CGT Discount​
12 month rule​
Integrity provisions​
Main Residence​
Absence, Changing Main Residences or Building​
CGT and Death​
CGT and Non-residents​
TAP​
CGT Discount​
Life Events

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain how capital gains tax (CGT) applies to trusts and identify relevant CGT events.
• Apply rules for streaming and distributing capital gains under Subdivision 115-C.
• Identify and apply trust loss tests, including 50% stake, same or similar business, pattern of distributions, control, and income injection tests.

TOPICS:

CGT and trusts – an overview
Some CGT events relevant to trusts
How to treat capital gains in a trust
Streaming of capital gains
Flow through of capital gains – Subdivision 115-C
Specific entitlements
Trust losses
Which tests apply to deduct a loss or debt in a trust?
50% stake test
Same or similar business test (SBT)
Pattern of distributions test
Control test
Income injection test

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OBJECTIVES:

By the end of this session, you should be able to:

• Determine when income qualifies as Personal Services Income (PSI) and understand the purpose of PSI rules.
• Apply the PSI tests and conditions to assess whether a Personal Services Business (PSB) exists.
• Identify situations where a PSI determination or PSB determination is granted or not granted.

TOPICS:

Introduction to Personal Services Income (PSI)
Purpose of PSI rules
Consequences when rules are not met
What is PSI?
How do we determine if income is PSI?
Multiple individuals providing services via Personal Services Entity (PSE)
Exclusions
Sale of goods
Sale or license of copyright
Use of assets significantly generating income
Conditions to be a Personal Services Business (PSB)
Results test
80% test
Unrelated clients test
Employment test
Business premises test
Obtaining a PSB determination
When is PSB determination granted?
When is PSB determination not granted?

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain how PSI rules affect sole traders and personal services entities, including key provisions and exceptions.
• Identify allowable vs. non-allowable deductions and apply methods for calculating net PSI.

TOPICS:

Recap of PSI rules
Application of PSI rules to sole trader
PSI rules under Division 85
Hypothetical employee test
Exceptions to s.85-10(1)
Specific non-deductible amounts
Non-allowable expenses
Rent, mortgage interest, rates and land tax
Payments to associates
Who is an associate?
What is principal work?
Superannuation payments for associates
Specifically excluded entities
Entities not subject to limits on deductibility
When is a worker an employee?
Application of PSI rules to PSE
Overview of Division 86
General deductibility rule
Limits on deductions offset against PSI by PSE
Entity maintenance deductions
Car expenses
Superannuation contributions
Prompt payment of salary
Apportioning entity maintenance deduction and calculating net PSI
Method statement s.86-20
Other issues to consider for PSEs

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OBJECTIVES:

By the end of this session, you should be able to:

• Understand the general deductibility and substantiation rules for work-related expenses under s8-1 ITAA97.
• Apply ATO guidance to key categories of expenses (car, travel, self-education, clothing, home office).
• Recognise allowable vs. non-allowable deductions across different occupations.

TOPICS:

Work Related Deductions under s8-1 of ITAA97
Deductibility rules
Substantiation requirements
Types of Work-related Expenses
Car Expenses
TR 2021/1
Travel Expenses
PCG 2021/3
TR 2021/4
Self-education expenses
TR 2024/3
Clothing expenses
Gym expenses
Home Office expenses
Fixed rate method
Actual costs method
ATO Guidance on specific occupations

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OBJECTIVES:

By the end of this session, you should be able to:

• Understand how rental income is assessed and which expenses are deductible.
• Distinguish between repairs, improvements, borrowing expenses, and capital works/depreciating assets.
• Apply ATO guidance and case studies to correctly treat rental property income and expenses.

TOPICS:

Income & General Deductions
Rental Income
Non-commercial rent arrangements
Immediate Deductions
Property genuinely available for rent​
Apportionment of expenses
Repairs v Improvements & initial repairs
Capital improvements
TR 97/23
Borrowing Expenses
Capital Works & Depreciating Assets
Capital Works (Division 43)
Depreciating Assets (Division 40)
Second hand assets
Case Study Examples

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OBJECTIVES:

By the end of this session, you should be able to:

• Apply rules for claiming deductions on rental properties, including availability, apportionment, and general deductibility under s 8-1.
• Identify treatment of travel, renovation, and main residence-related expenses for rental properties.
• Distinguish rules for second-hand depreciating assets used in rental properties.

TOPICS:

Case Study: Sanjay’s Getaway
Claiming deductions for an income year
General deductions under s 8-1
Is the property genuinely available for rent?
Requirement to apportion deductions
Methodology for apportionment
Deductibility of certain expenses
Travel expenses relating to non-business individuals and residential property
Expenses incurred after an investment property becomes a main residence
Expenses incurred in the renovation of a property after it was used for income producing purposes
Second hand depreciating assets, e.g. appliances for a rental property

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OBJECTIVES:

By the end of this session, you should be able to:

• Identify income tax, CGT, and deduction rules for short-term rentals.
• Apply GST obligations to Airbnb arrangements.
• Understand reporting requirements and compliance considerations.

TOPICS:

Income tax issues
Assessable income
Landlord issues
Income from isolated transactions
The concept of ‘family home’
Allowable deductions
Capital vs Income distinction
CGT issues
TR 2005/14 – Main residence exemption
Partial exemption for income-producing use
GST issues
When GST applies to short-term rentals
GSTR 2012/6 – Commercial residential premises
GSTR 2012/7 – Taxable or Input Taxed Supply of Premises​
Taxable Payments Reporting System
Reporting obligations
Implications for Airbnb hosts and operators
Compliance and Practical Considerations
ATO guidance and examples
Record-keeping requirements

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the purpose and key features of Employee Share Schemes (ESS).
• Identify tax implications, concessions, and reporting requirements.
• Distinguish between different ESS plan types and participation rules.

TOPICS:

Offering equity
What is Employee Share Scheme?
Why do the provisions exist?
When is it taxed?
Who can participate?
Types of plans
Key terminology
Tax implications
Start-up concessions
Employee Share Trusts
TD 2022/8
Employer reporting requirements for ESS

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OBJECTIVES:

By the end of this session, you should be able to:

• Understand key crypto tax rules, investor types, and transaction outcomes.
• Apply ATO guidance using crypto tax workflows and software.
• Identify common errors and best practices in crypto tax reporting.

TOPICS:

Crypto Tax State of Play
Crypto Tax Toolkit Investor Personas
Investor Irene, Trader Tracy & Degen Dave
Tier list – Transaction types & Outcomes
Crypto Accounting Skill Set
Crypto Tax Software & Common Errors
Crypto Tax Workflow
Requesting information
In-software example workflow
Applying ATO guidance

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OBJECTIVES:

By the end of this session, you should be able to:

• Apply residency rules and assess tax implications for individuals departing Australia.
• Explain outbound tax considerations, including exemptions, superannuation, and foreign exchange rules.
• Identify key international anti-avoidance and compliance provisions such as transfer pricing, CFCs, and hybrid mismatch rules.

TOPICS:

Residency Issues for individuals leaving Australia
Departing Australia Superannuation Payment (DASP)
Foreign Income Exemptions
Foreign Employment
Branch Profits
Division 768 of ITAA97
CGT and non-residents
Taxable Australian Property (TAP) (s 855-15)
CGT Rules on ceasing residency
CGT event I1
Main residence and non-residents
Superannuation Issues
Foreign Exchange Gains and Losses
Foreign Hybrid Rules (Hybrid Mismatch)
Transfer Pricing
CFCs and Transferor Trust Rules

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain residency rules and inbound tax implications for individuals, companies, and trusts.
• Identify key inbound tax issues, including DTAs, taxing rights, PE rules, CGT, and withholding tax.
• Apply concepts such as FITOs, thin capitalisation, and case studies to practical inbound scenarios.

TOPICS:

Tax Residency
Individuals, Companies and Trusts
Temporary Residents
Double Tax Agreements
Source
Taxing Rights
Permanent Establishments
CGT
Foreign resident Capital Gains Withholding
CGT Discount
Non-resident becoming resident
Interest, Dividend & Royalty Withholding Tax
Foreign Income Tax Offsets
Thin Capitalisation
Case Studies – Shohei & Anna

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OBJECTIVES:

By the end of this session, you should be able to:

• Provide an overview of Australia’s tax framework, including key taxes, entities, and concessions.
• Explain core compliance concepts such as residency, source, amendment periods, and ATO administration.
• Recognize anti-avoidance rules and practical strategies for managing ATO interactions.

TOPICS:

Introduction to Australian Tax System
ATO approach
Income tax, Duty, Land tax, Payroll tax, GST
Residency and source
Amendment period
Administration overview
Single Touch Payroll
Compulsory superannuation
Different entity types
Concessions and exemptions
Small business CGT
Main residence exemption
Foreign tax credits and double tax agreement
Specific and general anti avoidance rules
Top tips to deal with the ATO

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OBJECTIVES:

By the end of this session, you should be able to:

• Provide an overview of Australia’s tax framework, including key taxes, entities, and concessions.
• Explain core compliance concepts such as residency, source, amendment periods, and ATO administration.
• Recognize anti-avoidance rules and practical strategies for managing ATO interactions.

TOPICS:

Introduction to Australian Tax System
ATO approach
Income tax, Duty, Land tax, Payroll tax, GST
Residency and source
Amendment period
Administration overview
Single Touch Payroll
Compulsory superannuation
Different entity types
Concessions and exemptions
Small business CGT
Main residence exemption
Foreign tax credits and double tax agreement
Specific and general anti avoidance rules
Top tips to deal with the ATO

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OBJECTIVES:

By the end of this session, you should be able to:

• Differentiate employees, contractors, and other worker types for payroll purposes.
• Explain PAYG withholding, superannuation, and related compliance requirements.
• Understand tax residency rules and reporting obligations for payroll.

TOPICS:

Employees vs contractors
PAYG withholding
Superannuation guarantee
Recent developments
TR 2023/4
Extended definition of employee for super guarantee purposes
PCG 2023/2
TFN declarations
Australian tax residency
Common law “resides” test
Domicile test
183-day test
Resident tax rates
Foreign resident tax rates
Working holiday makers
Excluded workers
Temporary resident
Medicare Levy declarations

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OBJECTIVES:

By the end of this session, you should be able to:

• Apply PAYG withholding rules, variations, and reporting requirements.
• Calculate and manage superannuation guarantee obligations, including penalties and clearing house processes.
• Understand handling of employee termination payments and related compliance.

TOPICS:

PAYG withholding
Variation
Allowances
Reporting requirements
PAYG withholding obligations
Superannuation guarantee
Employee earning base
How to calculate super guarantee payments?
Super guarantee obligations
Super Guarantee Charge (SGC)
Penalties
Superannuation clearing house
Employment termination payments

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the purpose, history, and legal framework of superannuation in Australia.
• Differentiate between the main types of superannuation funds and their key features.
• Interpret a superannuation annual statement and evaluate fund choice options.

TOPICS:

Introduction to the Case Study
What is superannuation?
Different perspectives on super
The origin story – a history lesson
The superannuation legal landscape
Key Elements & Definitions
What makes up superannuation?
Classification of super funds
Defined benefit funds
Accumulation (defined contribution) funds
Industry funds
Retail funds
Corporate & Public sector funds
Self Managed Superannuation Fund (SMSF)
Small APRA funds
Choosing the right fund
What happens if an employee doesn’t choose a fund?
Reading an Annual Statement from your super fund

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OBJECTIVES:

By the end of this session, you should be able to:

• Identify what payments attract superannuation contributions and distinguish between employees and contractors for super purposes.
• Explain employer obligations under the Superannuation Guarantee, including SGC, salary sacrifice, and reporting requirements.
• Apply compliance processes for contribution payments, deadlines, and use of clearing houses.

TOPICS:

What’s super payable on?
Ordinary Time Earnings (OTE)
Employee vs Contractor
Super Choice & Default Employee Super Funds
Super guarantee & SGC
Lodging an SGC statement
Penalties & Remission
ATO Small Business Super Clearing House (SBSCH)
Eligibility
Process
Other clearing house options
Salary sacrifice & superannuation
Deductibility of superannuation payments
Deadlines & other admin
Due dates for paying super
Reporting via STP
Payday super from 1 July 2026

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OBJECTIVES:

By the end of this session, you should be able to:

• Differentiate between concessional and non-concessional contributions, including eligibility, processes, and contribution caps.
• Explain rules for excess contributions and special contribution types such as in-specie, downsizer, spouse, and government co-contributions.
• Apply contribution strategies within the superannuation framework while ensuring compliance with regulatory limits.

TOPICS:

Contributions
Who can make them?
Concessional
Eligibility
Process
Amounts (incl. Bring-forward rule – contributions cap)
Non-concessional
Eligibility
Process
Amounts (incl. Bring-forward rule – contributions cap)
In specie
Excess contributions
Types of other contributions
Govt co-contributions
Downsizer
Spouse

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OBJECTIVES:

By the end of this session, you should be able to:

• Identify allowable superannuation fund investments, associated costs, fees, and insurance options.
• Explain the taxation of contributions, earnings, and death benefits within the fund.
• Evaluate fund administration, audit requirements, and strategies for consolidating or changing super funds.

TOPICS:

Investments – what is allowed & what is not
Earnings – NALI & NALE
Interest of a Member in the fund
Interest of a Dependant/Beneficiary in the fund
Costs & fees
Management fees
Insurance – life & TPD, Income Protection, assets cover
Fund admin & audit
What is deductible or non-deductible?
Changing or Consolidating super
Taxation points
Contributions
Earnings
Death benefits
Reading an Annual Statement from your super fund

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain how earnings (including NALI) and expenses (including NALE) impact the taxation of a superannuation fund.
• Identify deductible vs. non-deductible costs, fees, insurance, and administration expenses.
• Compare tax reconciliations in super funds with those of other entities, focusing on contributions, earnings, and death benefits.

TOPICS:

Earnings & NALI
Expenses & NALE
Costs & fees
Management fees
Insurance – life & TPD, Income Protection, assets cover
Fund admin & audit
What is deductible or non-deductible?
Taxation points
Contributions
Earnings
Death benefits
Tax reconciliations – similarities and differences compared to
other entities

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain preservation rules, conditions of release, and available payment options for accessing superannuation.
• Differentiate between lump sums, income streams, and death benefit payments, including their taxation implications.
• Assess estate planning considerations, including death benefit nominations, SMSF wills, and superannuation proceeds trusts.

TOPICS:

Preservation rules
Points of access
Conditions of release
How can benefits be paid?
Kinds of transactions paid in cash vs journals
Lump sums
Super income streams – types & conditions
What is taxable to the individual & why?
Interaction with Centrelink
Early access of super
Death of a member
Death Benefit Nominations – binding or non-binding
Payment or pension?
SMSF Wills
Contesting of super death benefit payments – what happens?
Testamentary trusts (overview)
Superannuation proceeds trust (overview)

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the purpose of superannuation and compare SMSFs with large APRA-regulated funds
• Describe the SMSF life cycle, including establishment, compliance, and winding up
• Identify trustee roles, responsibilities, and consequences of SMSF or trustee breaches

TOPICS:

Case Study – Meet the McCords
What is superannuation?
Background & the superannuation ‘marketplace’
Types of superannuation funds
Comparing large APRA funds vs SMSFs
SMSF Basics: What is an SMSF, Who’s it for, and Who’s involved?
The Life Cycle of an SMSF
Establishment
Trustee declarations
Establishing a corporate trustee
The SMSF fund deed
Maintenance
Keeping an SMSF compliant
Consequences of SMSF breaches
Consequences of trustee breaches
Winding up
Why would an SMSF wind up?
Steps for winding up

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the different types of contributions to an SMSF, including concessional, non-concessional, and in specie contributions
• Apply contribution caps, deduction rules, and carry-forward/bring-forward provisions
• Identify how rollovers, fund member interests, and insurance relate to SMSF contributions

TOPICS:

Contributions 101
What are contributions?
Who can make them?
Contributions by members, employers, government
Types of contributions – overview
In specie contributions
What can be contributed in specie?
Shares, listed equities, widely-held managed funds, cash-based investments
Business real property (commercial)
Concessional contributions
Concessional contributions cap
Maximum super contribution base for employers
Unused concessional cap carry-forward
Claiming a deduction for individual taxpayers
Excess concessional contributions
Non-concessional contributions
Non-concessional contributions cap
Bring-forward arrangement
Excess non-concessional contributions
What doesn’t count towards the NCC cap
Roll-overs and super fund data sources
Deductibility of member contributions
Interests in the fund
Member
Dependents and Beneficiaries
Insurance

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain SMSF investment rules, including allowable assets, in-house asset restrictions, and borrowing arrangements
• Apply compliance requirements such as asset valuation, audit obligations, and investment strategy rules
• Account for SMSF income, expenses, and tax, including NALI/NALE provisions and tax return preparation

TOPICS:

Investments
What can a super fund invest in?
Assets in detail: Cash & Term Deposits, Shares & Equities, Listed & Unlisted Trusts, Managed Funds, Property, Cryptocurrencies, Derivatives, Physical Commodities, Collectables & Personal Use Assets
In-house assets
Borrowing to buy & LRBAs
Who is a related party?
Audit requirements for SMSFs
Valuation of SMSF assets
Investment strategy
Income in an SMSF
What types of income can an SMSF have?
Arm’s length income and expenses (NALI & NALE)
Accounting for income in software
Costs & Fees in an SMSF
Overview of different fees and expenses
Which expenses are tax deductible?
Income tax calculation for SMSFs
Tax rates for super funds – complying vs non-complying
Taxation points: Contributions, Earnings, Death benefits paid out
Sample SMSF tax reconciliation and tax return on software

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain preservation rules and conditions for releasing super benefits, including early access
• Describe benefit payment options such as lump sums, income streams, and death benefits
• Apply rules for SMSF estate planning, including death benefit nominations, SMSF wills, and winding up the fund

TOPICS:

Preservation rules
Conditions of release
Early access of super
How can benefits be paid?
Lump sums
Super income streams – types & conditions
Death of a member
Death Benefit Nominations
Payment or pension?
SMSF Wills
Contesting of super death benefit payments
Winding up the SMSF

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OBJECTIVES:

By the end of this session, you should be able to:

• Describe the key types of formal insolvency appointments, their procedures, and related legislative frameworks.
• Apply relevant laws, rules, and reference materials to research, manage, and report on insolvency engagements.
• Identify and perform core practitioner tasks, including managing creditor processes, assessing transactions, and completing statutory and end-of-administration requirements.

TOPICS:

Overview of insolvency
Legislation, research materials, ARITA Code
An introduction to Personal Property Securities Act
Liquidations (including simplified liquidation)
Voluntary administrations & deeds
Small business restructuring
Receiverships
Bankruptcy
Investigations
Proofs of debt
Dividends
Dealing with creditors
Meetings
Personal liability
Administrative tasks

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OBJECTIVES:

By the end of this session, you should be able to:

• Describe the independent auditing process and what drives the demand for and supply of audits.
• Identify the different types of audit assertions and understand how the nature of assertions affects the demand for independent audits.
• Define the key steps of financial-statement auditing.
• Describe an auditors’ professional and ethical responsibilities.

TOPICS:

Auditing is a Form of Assurance
The Demand for High Quality Auditing
Audit Risk and Materiality
The Value of Audits
Financial Statement Auditing
Audit Assertions
Auditor’s Professional and Ethical Responsibilities
Audit Quality

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the purpose and scope of AASB 15 in revenue recognition.
• Apply the 5-step revenue recognition model to customer contracts.
• Identify key considerations in determining transaction prices and performance obligations.

TOPICS:

In Part 1, we get an overview of the two standards, plus focus on AASB 15, including the application of the 5 step process:
Identify the contract with the customer
Identify performance obligations
Determine transaction price
Allocate transaction price
Recognise revenue

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the scope and applicability of AASB 1058 to not-for-profit transactions.
• Identify how peppercorn leases, volunteer services, grants, and donations are treated under the standard.
• Apply AASB 1058 principles through worked examples of common transactions.

TOPICS:

In Part 2, we get an overview of the two standards, plus focus on AASB 1058, including:
Applicability of the standard to certain transactions
Peppercorn leases
Volunteer services
Grants and service agreements
Donations
Worked examples

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the purpose of tax effect accounting and distinguish between current and deferred tax.
• Identify tax bases, temporary differences, and recognition criteria under AASB 112.
• Apply AASB 112 to determine income tax expense, presentation, and disclosure requirements.

TOPICS:

What is the point of tax effect accounting?
Current vs deferred tax
Tax bases of assets and liabilities
Determining temporary differences
Recognition criteria under AASB 112
Income tax expense under AASB 112
Presentation and disclosure under AASB 112

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the scope, definition, and key exceptions under AASB 16.
• Apply the standard to prepare and interpret lease-related accounting entries.
• Assess the implementation and impact of AASB 16 on affected entities.

TOPICS:

Overview of the standard and entities impacted
What is the definition of a lease?
Are there exceptions?
Accounting entries
How is the standard implemented?

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OBJECTIVES:

By the end of this session, you should be able to:

• Explain the key changes introduced by AASB 2020-2 and identify the entities most affected.
• Apply recognition and measurement principles to transition from SPFR to GPFR.
• Evaluate common pitfalls and use available tools to prepare compliant GPFR reports.

TOPICS:

How these changes came about
What types of entities are affected
Top 10 mistakes in applying recognition and measurement principles
How to move from your current SPFR to a compliant GPFR, including what adjustments will be required
What tools and software* are available to assist with preparing GPFR

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OBJECTIVES:

By the end of this session, you should be able to:

• Differentiate between crypto accounting and crypto tax obligations for trusts and companies.
• Apply appropriate workflows and accounting options to record crypto transactions.
• Prepare journal entries using both manual methods and crypto tax software integrations.

TOPICS:

Crypto Accounting vs Crypto Tax
Recap of Crypto Client Personas
Crypto Accounting Workflow
What are your accounting options?
Crypto Accounting Options With Examples
Journal entries from transactions
Journal entries from crypto tax software
Crypto subledger API

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