1 - Outline the 6 principles of preparing a balance sheet. 2 - Outline the 5 principles of preparing a cash flow projection or forecast. 3 - Explain what 'Working Capital Cycles' means, including what the sub cycles typically are.

4 - List the 4 general principles of preparing financial documents.

5 - Describe what break even analysis means. 6 - Financial management : Summarise two areas of legislation that Australian businesses must comply with.

Answer rating: 100% (QA)

1 Principles of preparing a balance sheet a Separate Entity Principle The businesss financial affairs are separate from those of its owners b Historical Cost Principle Assets and liabilities are recor... View the full answer