Q1. Provide a description for the following types of liabilities or business structures:

1. Unlimited liability

2. Limited liability

3. Sole trader

4. Partnership

5. Company

Q2. Provide a description for each of the following regulations or terms:

1. Australian Consumer Law (ACL)

2. International Commercial Terms (INCOTERMS)

3. Warsaw Convention

4. Trade Agreements

5. World Trade Organization determinations

Q3. List the key steps for processing Accounts Payable in order:

Q4. Provide 4 examples of technology used for financial management and describe some of the features:

Q5.What is the purpose of the following types of budgets?

1. Master budget.

2. Cashflow budgets

3. Departmental budgets

4. Wage budgets

5. Events budgets

6. Sales budgets

7. Purchasing budgets

Q6. What is a Capital Expenditure Budget? Which budgets are affected by a Capital Expenditure Budget?

Q7. List the 5 main components of the Operating Budget: