Reference no: EM133380026
Question 1. What are the basic elements of a financial report of a reporting entity?
Question 2. In what circumstances are small proprietary companies required to prepare a financial report?
Question 3. What auditing requirements do reporting entities have to comply with?
Question 4. Research on the key provisions of the following legislation and regulation:
o A New Tax System (Goods and Services Tax) 1999
o Income Tax Assessment Act 1997
o Australian Accounting Standards Board AASB 101
Question 5. What are the due dates for the lodgement and payments for the following, as set out by the ATO? On what document are they reported on?
o PAYG Withholding
o PAYG Instalment
o GST Collected and Paid
o Superannuation
Question 6. Describe the term "conversion" with respect to the cash flow of an organisation.
Question 7. List three (3) types of accounts that may be included as equity in the accounts of a company?
Question 8. True of False: Liabilities + Equity = Assets.
Question 9. Describe the term "goodwill".
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