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Accounting
FNSACC503
What are the four individual budgets that make up the manufacturing budget?
Which budget do the above budgets depend on and for what reason?
What are the four individual budgets that make up the manufacturing budget?
Which budget do the above budgets depend on and for what reason?
Accounting
How frequently should the budget review occur? Under what conditions is this different and when will the review occur in that case?
Accounting
Describe how balances are transferred into and out of the budgeted statement of cash flows to explain the statement and how the closing cash is calculated.
Accounting
List several criteria management might use to complete the project selection process
Accounting
How can the sales forecast spreadsheet be used to show which period profit milestones occur?
Accounting
You have been acting as a tax agent for a married couple for many years. They are jointly involved in a business. They have recently been divorced and you are preparing their individual tax returns. They have continued to run the business.
In the past you have legitimately claimed certain deductions from the husband’s income. Now that they are divorced it is clear that claiming deductions for the ex-husband means that the ex-wife is unable to make similar claims to reduce her taxation liabilities.
What would you do to resolve this situation?
In the past you have legitimately claimed certain deductions from the husband’s income. Now that they are divorced it is clear that claiming deductions for the ex-husband means that the ex-wife is unable to make similar claims to reduce her taxation liabilities.
What would you do to resolve this situation?
Accounting
Operational staff are the people actually doing the job in each of the project centres. These people are in the best position to identify problems, constraints or issues relating to current job costing budgets and to advise financial personnel of requirements for future budgets—to help prioritise resource needs for the next project stage. They should be included in consultative processes for advising on cost information when formulating budgets.
Comment on this statement and the implications for expense in the organisation.
Comment on this statement and the implications for expense in the organisation.
Accounting
FNSACC502 9
List five legislation or compliance requirements that can affect transaction recording.
List five legislation or compliance requirements that can affect transaction recording.
Accounting
FNSACC506 3
A: The board is concerned about the internal control procedures currently in place. Why is it important that these be reviewed and, if necessary, modifications made?
B: Why is it necessary for boards to delegate financial responsibilities or accountabilities? Is there a difference between responsibility and accountability in this context
A: The board is concerned about the internal control procedures currently in place. Why is it important that these be reviewed and, if necessary, modifications made?
B: Why is it necessary for boards to delegate financial responsibilities or accountabilities? Is there a difference between responsibility and accountability in this context
Accounting
FNSACC506 T5
A: What information might be required in reports to managers and to the board?
B:The preparation, effort and care that goes into a report should reflect its usage. Comment on this statement
A: What information might be required in reports to managers and to the board?
B:The preparation, effort and care that goes into a report should reflect its usage. Comment on this statement
