Describe financial probity requirements for businesses

Assignment Help Business Management
Reference no: EM132780422

Provide answers to all of the questions below:

1. Identify and describe financial probity requirements for businesses.

2. Identify four examples of what would be consider fraudulent behaviour in regard to company finances.

3. Identify the requirements for audited accounts and the purpose of an audit report.

4. Describe the principle of cash accounting as well as one advantage and one disadvantage of cash accounting.

5. Describe the principle of accrual accounting and one advantage and one disadvantage of accrual accounting.

6. Explain the four main taxation and superannuation obligations for a business. Briefly discuss each obligation.

7. 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.

8. Explain the requirements for registered foreign companies regarding preparing and lodging financial reports.

9. Identify the current company tax rate for both smaller and larger businesses.

10. Explain the process by which a business reports GST to the Australian Tax Office.

11. Identify the penalty rate to be applied if a supplier does not provide an ABN?

12. A non-profit organisation needs to register for GST after it has a turnover of more than how much?

13. Explain the difference in Pay As You Go withholding obligations for employees and contractors.

Reference no: EM132780422

Questions Cloud

What is the correct make-or-buy decision : If Fornelli, Inc. can purchase component part externally for $44,000 and only $4,000 of the fixed costs can be avoided, what is correct make-or-buy decision
How could the exposure have occurred : A neighbor, who is 3 months pregnant, asks to talk to you because she has felt tired for the last 2 days, has a headache, a rash, and does not feel like eating.
Understanding of organizational behavior : Describe how you might demonstrate your understanding of organizational behavior in the months and years ahead.
What are challenges to mobile forensics : What are challenges to mobile forensics? What are some mobile forensic tools? Should the analysis be different on iOS vs Android?
Describe financial probity requirements for businesses : 1. Identify and describe financial probity requirements for businesses.
Determine the total variable material cost : Department A - Material Cost = P 357,240.00, Unit Cost = 13,200.00 and Department B Material Cost = 313,900.00. Determine the total variable material cost
Describe the importance of issue and why change is necessary : Provide research to show the importance of this issue and why change is necessary. For this post, you must show research in your writing using in-text citations
Explain the bottom-up and top-down design approaches : Explain the bottom-up and top-down design approaches. Which approach do you believe should be used to design a simple database with a relatively small number
What is the time and space complexity of fuzzy c-means : What is the time and space complexity of fuzzy c-means? Of SOM? How do these complexities compare to those of K-means? Give an example of a set of clusters

Reviews

Write a Review

Business Management Questions & Answers

  Pico electronics develops tps to support

Malaysian electronic components distributor Pico Electronics had a problem that many mid-sized businesses would like to have

  Write a research paper on globalization in tourism

HI6005 Management and Organisations in a Global Environment Assignment. Write a research paper on Globalization in tourism

  Business decisions on stakeholders

Which of the following is NOT an ethical rule to analyze the effect of business decisions on stakeholders?

  Functions of strategic innovation

As a manager what is the purpose and functions of strategic innovation?

  Principle of unity of command

In the context of management, what is the mean of the term, 'Principle of Unity of Command'?

  Competitive environment and business level strategy

This task focuses on a study of the Competitive Environment and Business Level Strategy for a chosen Strategic Business Unit within a larger corporation.

  Labour underutilisation rate

If over two periods, the unemployment rate had reduced from 6.5 per cent to 5.5 per cent and the measured labour underutilisation rate

  Explain what is the total cost function

Explain what is the total cost function. Explain what is the average cost. If the organization needs to minimize the average total cost would it choose to be very large are very small?

  Why might independence be desirable

Why might independence be desirable? What characteristics of an agency may promote independence or "insulation"?

  What are the concepts and theories behind maximizing

What are the concepts and theories behind maximizing productivity and positive attitudes during the change process? Be sure to use the proper terminology in you

  Describe the market for product

Pick a product or service you use in your everyday life and describe the market for this product. Please make sure to address the following questions:

  Type of membership based on the amount of points

Python program with if-elif-else structure that can decide the type of membership based on the amount of points entered by the user:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd