PART B: In this part, you will be required to prepare "Special Purpose Reports" in addition to the reports prepared above. Special purpose financial reports that are prepared under the Corporations Act 2001 must include all relevant AASB 101, AASB 107 and AASB 108 disclosure requirements, except for paragraphs 134 to 136 of AASB 101 which only apply to reporting entities. Process: " Hold an initial meeting with your Accounts Manager (trainer/ assessor role-play) to confirm task and report requirements " Refer to AASB 101, AASB 107 and AASB 108 disclosure requirements and ensure that your incorporate them in your reports Check and verify the internal financial data Locate and fix errors, if any (write briefs notes on errors found and fixed) Identify transaction/ data type and process the data to create debtor's accounts, creditor's accounts, and trading accounts Calculate revenues Calculate expenses Prepare Statement of receipts and payments Prepare Income Statement Prepare Balance Sheet Include brief notes on revenues, expenses, current assets, current liabilities and retained