What are the outputs of a computerised accounting system called?(3 marks)b. Why is it important to establish systems that generate cost and operatingdata? (5 marks)

a. What are the outputs of a computerised accounting system called?
(3 marks)
b. Why is it important to establish systems that generate cost and operating
data? (5 marks)
2.
a. Outline what a Budget is and why a business should have a budget.
(5 marks)
b. What different types of budgets can be applied to an organisation to
analyse their financial position? (4 marks)
3. When planning a financial management approach there are is a number of
considerations that have be taken into account. Explain:
a. What information is required to plan and prepare the financial
management approach for a business (4 marks)
b. The sources of the information to collect (3 marks)
c. Who you would need to consult (3 marks)
4. Outline an explanation of the following terms in relation an organisations
budgetary requirements: (2 marks each)
a. Capital investment
b. Capital expenditure
c. Cash flow
d. Break even
e. Gross profit
f. Risk management
g. Data backup and security of systems
5. Explain the ethical consideration you will make to ensure you are compliant
and your behaviour is in line with financial legislation. Include:
a. Conflict of interests (2 marks)
b. Confidentiality and disclosure requirements. (2 marks)
6. Explain the principles and practices of the following budgetary controls:
a. Double-entry bookkeeping (3 marks)
b. Accrual accounting (2 marks)
7.
a. Outline the strategies or communication methods a manager could use to
ensure the required information on the budget and the implementation of
the budget is communicated to the rest of the workplace team. (3 marks)
b. Include the types of information the team members will need to have
access to. (3 marks)
c. Explain how the manager might investigate any variance against the
budget. (4 marks)
8. How often should business review financial information against the financial
objectives of the business? Give detailed reasons for your response. (5 marks)
9. Outline the methods of monitoring financial performance a manager may use
in assessing and reviewing financial information. (5 marks)
10. Explain the documentation required to satisfy ‘standard auditing’ processes
of a small to medium business. In your outline include the necessary
infrastructure or information requirements to be able to complete this
auditing process. (5 marks)
11. Write a report to indicate the importance of maintaining a ‘real-time’
analysis of a business’s financial position. In your report include the required
information to gain this ‘real-time’ picture and the types of common errors
that occur in gaining a ‘real-time’ picture of the business’s financial position.
(10 marks)
12. As a manager of a department or business you will be required to produce
a number of reports to outline the financial status and operations to the
business owner(s). List and describe the types of reports a manager can use
to provide this financial information. (10 marks)
13. In reviewing budgetary information it is important to be able to make
any changes to ensure the financial objectives are being met. When
implementing any changes what are the steps a manager should undertake
to ensure the proposed change is the correct one and the team are informed
of the changes? (8 marks)
14. Name record keeping requirements for ATO and auditing purposes. (5 marks)

Acemyhomework
Calculate your paper price
Pages (550 words)
Approximate price: -
Acemyhomework

Quality Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Acemyhomework

Qualified Writers

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.

Acemyhomework

Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account.

Acemyhomework

Prompt Delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. We will always strive to deliver on time.

Acemyhomework

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text.

Acemyhomework

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Homework Market

Place your order

Fill in the order form and provide all details of your assignment.

Homework Market

Proceed with the payment

Choose the payment system that suits you most.

Homework Market

Receive the final file

Once your paper is ready, we will email it to you.

Acemyhomework Writing Services

No need to work on essay at night. Sleep tight, we will cover your back. We offer all kinds of essay writing services.

Acemyhomework Acemyhomework

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Acemyhomework Acemyhomework

Admissions

Admission Essays

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Acemyhomework Acemyhomework

Editing

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Acemyhomework Acemyhomework

Revision

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied.