BSBFIM502 - Manage payroll

Unit code: BSBFIM502 | Study level: TAFE

Credit points

N/A

Location

Footscray Nicholson

Prerequisites

N/A

Overview

This unit describes the skills and knowledge required to establish and monitor security procedures for managing organisational payroll services and to calculate and process salary payments, group taxation and related payments. It applies to individuals, employed in a range of work environments, who are required to establish and work with payroll systems and may have responsibility for managing payroll systems and calculations.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each unit’s learning outcomes and performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:

document steps undertaken to establish payroll system;
use data and calculations to reconcile salaries, wages and deductions in accordance with all legislative and organisational requirements, and;
create accurate payroll management records.

Students will also be expected to demonstrate the following knowledge:

explain key provisions of relevant legislation, standards, regulations and codes of practice that may affect aspects of payroll operations, and;
outline organisational policies and procedures across the full range of tasks for the required payroll processes.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by the Polytechnic and/or via the Polytechnic e-learning system.