1. Give an explanation of the principles of double entry bookkeeping. 2. What is an accounting code of practice and what role do they play in the accounting industry. Please include two examples of industry bodies/organisations that use a code of practice in your answer. 3. Discuss the Australian Accounting standards and how their legislative and regulatory requirements are relevant to our work and recording procedures - give examples of how these standards relate to the following: - Depreciation - Asset Cost - Useful Life - Residual Value - Carrying amount or written down value - Fair value - Depreciation and where it sits in the financial statements 4. List the three different methods of calculating depreciation - give a brief explanation of the procedures for each of these methods