What do you understand by financial viability of the organization?

2: Define Following accounting and financial terms:

1. Asset
2. Liability
3. Equity
4. Income
5. Expense
6. Pay as you go (PAYG)
7. Goods and services tax (GST)
8. Fringe benefit tax
9. Business activity statement (BAS)
10. Superannuation guarantee scheme
11. Work Cover

3: Explain following relevant Australian, international and local legislation and conventions, such as:

1. Bilateral or regional trade agreements
2. International Commercial Terms (INCOTERMS)
3. Trade Practices Act
4. Warsaw Convention
5. World Trade Organization determinations
6. Australian Accounting Standard Board (AASB)