Unit Code: CPE120
CPE Hours: 3
Enrolment term: 90 days
Price: $165.00 including GST
Resources: Internet and computer or tablet
Bonus: Free Template for Calculating Novated Leases

Objective: This course offers a comprehensive and structured approach to salary sacrifice arrangements, with a key focus on accounting for novated leases. It explores the complexities of fringe benefits tax (FBT), tax implications, superannuation, STP reporting, income statements, and Activity Statement reporting, among other critical aspects.

Gain a deep understanding of novated leasing, uncover key tax and superannuation considerations, and work through practical comparisons of different remuneration packages, including novated leases within salary packaging arrangements.

We simplify this complex topic so you can master accounting for salary sacrifice arrangements and develop the confidence to manage novated leases effectively.

Duration: 3 hours to complete the online learning module. A further 10 minutes is allocated to complete the small quiz.
Pass Mark: 80% pass mark overall.
Attempts: Two (2).

What will I learn?

1. Salary Sacrifice versus Salary Packaging
2. Impacts of salary sacrifice arrangements
3. Benefits that form part of salary packaging arrangements
4. Different types of novated leasing
5. FBT aspects, including the impact on the employee and the employer
6. Calculating and processing novated leases
7. Reportable Fringe Benefits Amounts (RFBA)
8. Income statements and STP Phase 2 reporting
9. Reporting on Activity Statements.