You are a Financial Accountant employed by Riskco. There are three accounts clerks at Riskco who report to you. In turn, you report to Jen the Finance Manager. You and Jen are both registered BAS agents. The three accounts clerks are not BAS agents. 

 

Jen has requested that you develop one policy and two procedures in relation to the preparation of the company's quarterly BAS. Please note that Riskco has adopted an accrual method of BAS reporting.

Your policy and procedures can include important aspects such as:

• . Submission dates
• . Approval process
• . Accounts reconciliations
• . Method of submission

You may use internet research to assist you to perform this task. Where relevant please refer to relevant Australian legislation when completing this task.

Answer rating: 100% (QA)

Policy Statement Riskco is committed to ensuring accurate and timely preparation and submission of the companys quarterly Business Activity Statements ... View the full answer