BAS advanced (67726766) - Learning manual

BAS Advanced is designed to give those who prepare Business Activity Statements an enhanced understanding of some of the more problematic areas of accounting for GST, such as:

• Timing rules for paying GST and claiming GST credits
• When the usual timing rules don’t apply, including:
  • progressive and periodic supplies
  • asset financing (lease and hire purchase)
  • deposits and part payments
  • lay-by sales
  • issue and redemption of vouchers
• The margin scheme
• GST adjustments
• Correcting GST mistakes
• Importing and exporting goods and services
• Dealing with selected transactions (such as financial supplies and acquisitions, second-hand goods and barter transactions)
• Simplified accounting methods
• GST and annual private apportionment
• Reporting and paying GST annually
• Claiming fuel tax credits

This course consists of one hard copy learning manual and one online assessment.

Want to know more? Click below to view a sample of the learning manual:

• Apply both cash and non-cash methods of accounting for GST
• Correctly determine the GST payable and input tax credits claimable for the appropriate tax period using the attribution rules
• Demonstrate an ability to apply the special timing rules in respect of progressive or periodic payments, lay-by or leasing arrangements
• Calculate adjustments to GST paid or payable and input tax credit claimed or claimable, where adjustment events have occurred
• Identify and apply rules applicable to specific topics, including the margin scheme and second-hand goods
• Identify and apply important administrative requirements of the GST and Activity Statement regimes