List three processes that can be used to identify and review profits and losses from a profit
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Question:
- List three processes that can be used to identify and review profits and losses from a profit and loss statement.
- Explain the concept of financial probity and its importance to a business.
- List four examples of what would be considered fraudulent behaviour in regard to company finances i.e. not meeting financial probity requirements.
- List five functions of accounting software used to manage finances.
- List three key components of a budget.
- Explain the four main taxation and superannuation obligations for a business. Briefly discuss each obligation.
- Identify the Act that details requirements for financial reporting and auditing and, explain the requirements for companies for preparing and lodging financial reports under this Act.
- Outline the reporting requirements that apply to goods and services tax (GST).
- Explain PAYG withholding and PAYG instalments.
Related Book For
Understanding Business Ethics
ISBN: 9781506303239
3rd Edition
Authors: Peter A. Stanwick, Sarah D. Stanwick
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