1. Identify and explain business legal requirements relating to delegated authorities, reporting periods and taxation payment timings.
2. Some accounting items are treated differently under tax legislation than under accounting standards. Outline the different treatments, options, methods and practices for recording and reporting expenses/deductions, benefits and depreciation.
3. Read Accounting Principles and Accrual Accounting and Accounting for GST located in the Supplementary resources section in Connect site.

4. Identify and explain the key principles of double-entry bookkeeping and accrual accounting. Please note the principles should also include all conventions, policies and bases.