Question: Explain fair presentation and compliance with AAS as set out in the AASB101 Presentation of Financial Statements. Explain four general features of financial statements that

  1. Explain fair presentation and compliance with AAS as set out in the AASB101 Presentation of Financial Statements.
  2. Explain four general features of financial statements that a business must take into account when preparing financial statements as per the AASB 10 Presentation of financial statements.
  3. Outline the ATO requirements (including the dates) for reporting fringe benefits tax.

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