Question 2.5 Explain what revenue documentation is and why it is necessary to correctly identify the receipts, revenue documentation and payments made by the organisation

Question 2.6 2.6.a What impact does corporations law have on individuals who are preparing general purpose financial report users?

Question 2.6.b You must ensure that statements and claims take full advantage of available benefits and allowances, in accordance with statutory requirements. What are some of these allowances, how would you claim them and why is it important to do so?

Question 2.7.b It is necessary to submit statutory requirement reports, relevant to international trade, to the appropriate authorities in Australia. What reports must be submitted and to what authorities should they be submitted in Australia?

Question 2.7.c What are the possible consequences if reports are not submitted according to the stated deadlines with the ATO (Australian Taxation Office), ASIC (Australian Securities and Investments Commission) and the AASB (Australian Accounting Standards Board)?