1.List the key information that must be included on a tax invoice for sales of $1,000 or more.

2.Identify and explain three types of financial statements and their purpose.

3.Describe the type of entity that is required to have financial reports audited.

4.Explain the purpose of a financial audit and auditor's report.

5.Describe why companies may choose to develop budgets.

6.Explain the main steps in the budgeting process.

7.List 5 ways to improve cash inflow and give examples.

8.Explain the use of electronic spreadsheets in developing budgets and give two of their key features.

9.Explain three key principles relating to the management of a chart of accounts.

10.Explain the purpose of a profit and loss statement and give two of its key features.