Briefly describe the principles of double entry bookkeeping and accrual accounting.

List and describe three 3 methods of presenting financial data.

List and describe three 3 finance tasks that are currently outside the scope of your responsibility as an Accounts Receivable Clerk.

Define the terms 'Creditors' and 'Debtors'.

Briefly describe the main purpose of the following legislation or code and how each could impact on your job as an Accounts Receivable Clerk.

• Privacy Act 1988
• A New Tax System (Goods and Services Tax) Act 1999
• Electronic Funds Transfer Code of Conduct
• Code of Professional Conduct - Tax Practitioners Board
• Any one of the Australian Accounting Standards