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Questions -
Q1) What is a budget?
Q2) What is a cash flow projection?
Q3) Explain the difference between a budget and a financial plan.
Q4) Describe 2 (two) of the budget negotiation strategies discussed in the modules.
Q5) List the 4 (four) processes that 'may' be included in a Contingency Plan: (not the 5 steps in achieving a Contingency Plan).
Q6) List 4 (four) reports that may be used on a regular basis to monitor an organisations financial position.
Q7) List 5 (five) documents that you would access if undergoing a review/analysis of the financial management processes.
Q8) Describe what 'control activities' are and list 4 (four) examples of them?
Q9) List 4 control activities that ensure that any manager actions are actually implemented.
Q10) Research and identify the relevant legislation and current requirements of the Australian Taxation Office (ATO) in relation to Goods and Services Tax (GST).
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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