Reference no: EM133233318

Question 1: List three processes that can be used to identify and review profits and losses from a profit and loss statement.

Question 2: Explain the concept of financial probity and its importance to a business.

Question 3: List four examples of what would be considered fraudulent behaviour in regard to company finances i.e. not meeting financial probity requirements.

Question 4: List five functions of accounting software used to manage finances.

Question 5: List three key components of a budget.

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

Question 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.

Question 8: Outline the reporting requirements that apply to goods and services tax (GST).

Question 9: Explain PAYG withholding and PAYG instalments.