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Description

Performance Evidence

Evidence of the ability to:

document steps undertaken to establish payroll system

use data and calculations to reconcile salaries, wages and deductions in accordance with all legislative and organisational requirements

create accurate payroll management records.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

explain key provisions of relevant legislation, standards, regulations and codes of practice that may affect aspects of payroll operations

outline organisational policies and procedures across the full range of tasks for the required payroll processes.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial management field of work and include access to:

office equipment and resources

workplace policies and procedures

samples of financial data

business technology

payroll system

case studies and, where available, real situations.

Assessors must satisfy NVR/AQTF assessor requirements.

ASSESSMENT 1 – Project

Total Assessment 1 length should be 800 – 1500 words.

You must accurately reference all of your external sources of information

  • Your task is to research the following legislation and regulations; present them in a report and discuss the impact they have on managing payroll in an organization:
  • Australian taxation office regulations
  • Ethical principles
  • Industry codes of practice
  • Privacy laws
  • Relevant industrial awards
  • Your task is to establish a policy and procedure for managing payroll in an organisation. Your document must include each of the following tasks:
  • Security for payroll

    Claims for allowances

    Control procedures

    Systems to ensure statutory obligations are met

    This assessment must be presented in a formal manner ensuring appropriate formatting and presentation is used.

    Below you will find a template for a policy and procedure that you can use for the following task or alternatively you may use one of your own template.

    POLICY FORM: TEMPLATE TO SHARE

    After you have completed this activity you will have to hand it in. You may either use the space provided below for your assessment or upload your file in Moodle. Please seek your trainers’ help if there are any issues.

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    Answer Sheet (Expandable)

    ASSESSMENT 2 knowledge questioning

    Total Assessment 2 Length should be 500 – 700 words.

    Answer Sheet (Expandable)

  • What measures can be implemented to ensure confidentiality regarding payroll data and records?
  • What types of control measures can be used for payroll?
  • What types of statutory obligations might you need to meet with regard to payroll?
  • To prepare payroll data what needs to be done?
  • Why does payroll data need to be provided within designated timelines?
  • If payroll data is not checked for accuracy what happens?
  • If you receive an enquiry regarding a payroll matter what do you need to do?
  • What are the two declaration forms that employees need to complete?
  • You may need to forward periodic deductions to creditors. Who might the creditors be?
  • To meet payroll obligations you will need to send payments to government authorities. Who might that include?
  • What is PAYG?
  • When must a payment summary be given to an employee?
  • Explain why is it important to ensure that procedures guarantee substantiation of claims for allowances
  • Why is it important to reconcile salaries, wages and deductions in accordance with organisational policy and procedures?
  • assessment 3 – Case study

    Total Assessment 3 Length should be 500 – 700 words

    You must accurately reference all of your external sources of information

    Background:

    Go Home Loans is a small sized mortgage broking business. The employees working in this organisation are covered under Modern Award – MA000019 – Banking, Finance and Insurance award, 2010. Placed below is the information about staff payroll for the fortnight ended on 30/06/2015:

    Table 1– Employee Details

    Table…

    ...

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