Question 1
2pts
Outline the steps to review and make improvements to financial processes.
Flag question: Question 2
Question 2
1pts
What is a cash flow projection?
Flag question: Question 3
Question 3
1pts
Explain the difference between a budget and a financial plan.
Flag question: Question 4
Question 4
4pts
Describe the following accounting principles:
· Accrual Principle
· Conservatism Principle
· Consistency Principle
· Full Disclosure Principle
Flag question: Question 5
Question 5
1pts
Research and identify the relevant legislation and current requirements of the Australian Taxation Office (ATO) in relation to Goods and Services Tax (GST).
Flag question: Question 6
Question 6
2pts
List four reports that may be used on a regular basis to monitor an organisations financial position.
Flag question: Question 7
Question 7
2pts
Describe what a reporting period is and then outline the steps required to manage a budget
Flag question: Question 8
Question 8
4pts
Identify one (1) principle involved in managing each of the financial requirements listed below. Briefly describeeach principle.
· Budgeting
· Cash Flow
· Profit and Loss Statement
· Evaluation of budget and financial plans
Flag question: Question 9
Question 9
1pts
Describe what methods can to be used to collect information WITHIN the team:
Flag question: Question 10
Question 10
1pts
List the four processes that ‘may’ be included in a Contingency Plan (not the 5 steps in achieving a Contingency Plan).
Flag question: Question 11
Question 11
1pts
Describe 2 (two) of the budget negotiation strategies discussed in the modules.