This detailed textbook is designed to teach students and professionals to accurately account for and report Activity Statement items. The book also contains information on registering as a BAS Agent, maintaining currency and BAS services best practices. PAYG Instalments and Withholding are covered in detail, allowing IAS preparation for a wide variety of taxpayers.
The principles learned in the text can be applied to any accounting system, and extend to more advanced practical considerations such as cash reporting from accrual records, calculating WET and LCT and variations. The book also covers Simpler BAS requirements for small businesses.
The book includes MYOB exercises covering common, problematic GST transactions and reconciliation procedures.
The book is mapped to FNSTPB401 Complete Business Activity and Instalment Activity Statements, and includes the following materials to prescribing institutions:
- Review Quizzes for each chapter
- Fully worked solutions to all exercises
- Pre-licensed MYOB files
- Assessment exercises
Prior editions of this textbook covered FNSBKG404 or FNSBKG404A and were titled Carry Out Business Activity and Instalment Activity Statement Tasks or Carry Out BAS and IAS Tasks.