Reference no: EM132680303

Question 1: Describe four accounting principles emphasising their importance and relevance to financial management.

Question 2: Explain the impact legislation relating to taxation and record keeping has on financial management practices within organisations.

Question 3: Explain three of the key obligations of organisations required to collect Goods and Services Tax on behalf of the Australian Taxation Office.

Question 4: List and describe six different financial documents that would be useful to retain as records from both a legislative and good financial management perspective.

Question 5: List three examples of records that must be kept to meet the requirements outlined by the Australian Tax Office.