1. ABC Company holds a 70% share in DEF Company. What type of reporting entity is DEF Company? Give reasons for your answers.

2. GHI Company holds 100% share of JKL Company. What type of reporting entity is JKL Company? Give reasons for your answers.

3. Describe the two types of joint ventures and the accounting method that is required for each type?

4. Outline three types and sources of data required for complex financial reports.

5. Explain at least five key features of integrated computerised accounting systems, for example MYOB or Xero.

6. Review the Australian Taxation Office website and identify company tax rates for the current tax year for the following types of entity:

A. Base rate entity

B. Not-for-profit companies that are base rate entities.