Reference no: EM133058213

Part 1: Prepare a report You are the financial manager for Perfect Plants. Use the financial statements provided for Perfect Plants Pty Ltd to assist you in preparing a report to your manager on the financial position for the current year end. You will be required to access the ATO website to assist in preparing your responses and provide adequate referencing where applicable. Your report should be submitted using a word-processed document or similar and must address the following criteria;

1. An evaluation of the accounting method used and whether it is approriate

2. An evaluation of the income tax rate applied

3. The GST implications for Perfect Plants Pty Ltd.

4. Record keeping and storing requirements

5. Collection methods of data and information used

6. Recommendations for improvement to the existing financial management processes.