Based on the information provided in the case study answer the following questions:

1.Identify the reasons for previous profits and losses of Better Homes Pty Ltd.

2.Identify the current statutory requirements for tax compliance and list and calculate the tax liabilities for Better Homes Pty Ltd under taxation legislation.

3.Review commercially available financial management software to select the most suitable software for Better Homes Pty Ltd.

4.Ensure you diagnose software options by comparing two commercially available software and outline the reasons that lead you to this recommendation.

5.Explain and discuss the implications of probity when preparing and revising budgets.

6.List the critical dates and initiatives that will require or generate resources for Better Homes Pty Ltd in the next financial cycle.

7.List the items you would recommend for inclusion in the budgets for Better Homes Pty Ltd.

8.List the new or modified internal controls that could improve risk management for Better Homes Pty Ltd including the maintenance of audit trails.