Explain the purpose of recording

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Problem 1. When preparing budgets and estimations for a project what areas would you take into consideration when creating the financials for a project? Explain the ethical consideration you will make to ensure you are compliant and your behaviour is in line with:

a. financial legislation

b. taxable transactions

c. and consistent with reporting requirements.

Problem 2. Whether the company is Woolworths or the local corner store all businesses require a suitable process for recording and managing financial data.

Explain the purpose of recording and using information management systems in a business and how are these used to support the company.

 

Reference no: EM132969916

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