Question 1 ' Explain in 200 wordsr financial probity. Question 2 Personnel working in the financial services division of a company need to understand and be able to explain principles of accounting and nancial systems (Accounting and Financial Information SystemsAIS and FIS]. What are accounting and financial information management systems and how do they assist business operations? [250280 words) Question 3 ' List at least 10 forms of legislation and conventions (Australian. international andfor local] that could apply to financial management. Question 4 ' Explain {a maximum of 150 words for each answer] the requirements for each ofthe following: 1. Goods and Services Tax 2. Company Tax 3. PAYS Question 5 Project 1 ' This is a series of practical and theory activities that will enable you to demonstrate skill and knowledgeand produce end products suitable for use in the work place. Evidence collected as a result of workplace observation will support this assessment. Address each of these: For the business in which you work you need to prepare a budget. The budget must align with the business plan. 1. Describe the business and its core operations. 2. Explain what data you would use to inform the budget and why this data would be relevant. 3. Who else would you involve in developing the budget? 4. Draw up the budget to coverthe next financial year. 5. Explain how the budget would be used to monitor the financial performance of the organisation