Unit Code: CPE109
TPB-compliant CPE: Yes
Structured CPE Hours: 2 hours
Enrolment term: 90 days
Price: $165.00, including GST.

Overview: This course is designed to provide a comprehensive understanding of the concepts of prepayments and accruals, including their recognition in financial accounting and tax implications. It is tailored for business professionals, BAS agents, accountants, and anyone involved in financial management. Upon completion, learners will be able to identify, record, and report prepayments and accruals in accordance with Australian accounting standards and tax regulations.

By the end of this course, you will:

1. Understand the definition and nature of prepayments and accruals
2. Identify prepayments and accruals in financial transactions
3. Correctly record and report prepayments and accruals in the accounts
4. Comprehend the tax implications and compliance requirements related to prepayments and accruals
5. Understand the complexities of deferred tax assets and liabilities
6. Analyse the effect of prepayments and accruals on financial statements and taxation obligations.

On successful completion, you will be awarded a Statement of Achievement from My CPE.

Important Information:
Resources: Internet, computer and your time!
Duration: 2 hours
Mode of Delivery: Online

Pass Mark: 80% pass mark overall

Assessment Attempts: Two (2).