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What will determine how often you generate reports

Assignment Help Financial Accounting
Reference no: EM132592767

Question 1. What is double entry bookkeeping?

Question 2. Describe the place of ethical principles, behaviours and codes in the financial services industry.

Question 3. Describe the information which will be contained in typical financial reports.

Question 4. What are the main reports generated using the information on the Trial Balance?

Question 5. How can a report be used to explain a situation to the reader?

Question 6. What is the general ledger?

Question 7. Describe BAS and an IAS.

Question 8. What will determine how often you generate reports?

Question 9. What are the possible consequences of taxpayers failing to correctly report an amount they are required to pay or meet other tax obligations?

Question 10. What would influence your decision to use cash accounting or accrual accounting?

Question 11. What are:

a. Budgets?
b. Cash flows?
c. General ledgers?
d. Profit and loss statements?

Question 12. There are several ways organisations maintain financial records. They include manual systems (hard copy) and computer-based (electronic) systems. How do computer and manual systems operate?

Reference no: EM132592767

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