Module 4

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Account

Australian Accounting and Bookkeeping Workshop

Preparation of the Financial Statement & Tax Return

In this video, it is a run-through of the actual accounting process for a company, covering the preparation of financial statements and tax returns. The video demonstrates each step of the process, starting with bank reconciliation and moving through to finalizing the reports.

Basic Individual Tax Return Preparation

In this video, it focuses on basic individual tax preparation. The video walks through the key steps involved in preparing individual tax returns, covering essential forms and calculations. It highlights the process of ensuring accurate tax reporting for individuals.

Dividends & Managed Funds Distribution

In this video, it talks about dividends and managed funds distribution. It explains the process of distributing dividends and the workings of managed fund distributions. The video also highlights key points to consider when dealing with these distributions.

Capital Gains

In this video, it tackles how capital gains work. It explains the process of calculating capital gains, including the factors that influence the gain or loss. The video also discusses the tax implications and how capital gains are reported for tax purposes.

Rental Properties

In this video, it is about rental properties, focusing on how to manage and review them. It covers reviewing associated costs, assessing key factors in property management, and understanding the tax implications and available deductions for rental properties.

Business and Non-Commercial Losses

In this video, it tackles business and non-commercial losses. It explains how to identify and manage business losses, as well as the tax implications for both business and non-commercial losses. The video also covers the criteria for deducting losses and the rules surrounding them.

Medicare Levy vs. Medicare Levy Surcharge

In this video, it tackles the Medicare Levy vs. Medicare Levy Surcharge. It explains the key differences between the two, including their calculation methods and eligibility criteria. The video also covers the income thresholds, exemptions, and the impact of each levy on taxpayers.

Module Exercise

In this video, it is a module exercise about the preparation of an individual tax return. It provides practical tasks to apply the concepts of completing and reviewing tax returns.