ASSESSMENT
This assessment has two parts. You are required to be competent in all assessment criteria.
PART A - WRITE AN EMAIL
Assume you are working as an assistant accountant in a small accounting practice. One of your clients (Adam Baker - Adam Bakery Pty Ltd) is about to terminate the employment contract of an employee. The client is inquiring whether they should pay annual leave loading to employees on termination. Conduct some research on the topic and advise your client via email. Your recommendation should be supported with evidence. You should send your email to your facilitator for assessment.
PART B - WRITE A BUSINESS REPORT
Background Information: It is crucial for accountants to understand employment laws and regulations. For the purposes of this task, assume you are working for a small accounting practice and dealing with number of clients. One of your clients is preparing to start a new business and first time employ around 10 to 12 employees (a mix of casual, full-time, part-time and contract workers). Your client (Adam Baker - Adam Bakery Pty Ltd) has approached you for information about the tax and workplace related obligations regarding employing these workers.
Task: Prepare a business report for your client about employer responsibilities in relation to Fair Work Act and ATO requirements. At a minimum, you are required to include the following aspects; work cover insurance, PAYG withholding obligations, TFN declaration form, Superannuation Guarantee, types of employment, pay slips and record keeping obligations, leave entitlements, awards, enterprise agreements, National Employment Standards, types of ending employment (redundancy, unfair dismissal) overtime, penalty rates, annual PAYG reporting obligations. Structure your report following the requirements below.
Requirements:
Font: Times New Roman, Size: 11 or 12, Align the text both the left and right margins Margins: 2.54 cm (top, bottom, right, left)
Space between the lines: 1.15 or 1.5
Means of communication: Email to your facilitator or submission via AAPoly LMS assignment drop-box
Do not exceed 2,000 words.
Overview of structure and content:
- Title Page
- Letter or Memo of Transmittal
- A letter or memo of transmittal presents an overview of the report, suggests how to read it, describes limitations, acknowledges assistance, and expresses appreciation.
- Table of Contents
- List of Figures (if any)
- Executive Summary
- Introduction- A good report introduction typically covers the following elements, although not necessarily in this order:
o Background: Describe the events leading up to the problem or need.
o Problem or purpose: Explain the report topic and specify the problem or need that motivated the report.
o Significance: Tell why the topic is important. You may wish to quote experts or cite newspapers, journals, books, Web resources, and other secondary sources to establish the importance of the topic.
o Scope: Clarify the boundaries of the report, defining what will be included or excluded.
o Sources and methods: Explain how you collected information.
o Organization: Orient readers by giving them a road map that previews the structure of the report.
- Discussion of Findings
- Conclusions and Recommendations