Q4 & Q6FINANCE PLS HELP ME TO ANSWER ALL THE QUESTIONS.

QUESTION 4

Answer the following questions regarding the legislation and conventions relevant to financial management in organisation.

Provide examples of legislation and conventions relevant to financial management and explain how they may apply to an organisation.

Consider:

A. Australian legislation and conventions (Within 80-100 words)

B. International legislation and conventions (Within 40-60 words)

C. State/territory legislation and conventions. (Within 40-60 words)

QUESTION 6:

Answer the following questions regarding the key functions of financial management software.

CASE STUDY:

Priya is running a retail business selling products via a bricks-and-mortar site and online. She needs to manage inventory, point-of-sale, and payroll and would like a cloud-based system to allow work on financial planning and management to be undertaken at the warehouse, in the retail space and at home on a variety of devices.

6A) Which product should she purchase, and why? (Within 80-100 words)

6B) Answer the following questions regarding the key components of a financial budget; and the processes to establish and review profits and losses from financial statements. Document an organisations process for developing the cash budget in accordance with statutory and organisational requirements. Include in your process those who are involved in, and methods of collaboration for, setting budgets. (Within 100-120 words)

6C) Answer the following questions regarding the processes to establish and review profits and losses from financial statements. Why is it important that Priya reviews profits and loss from financial statements? What financial information does the profit and loss statement record? (Within 40-60 words)

6d) Answer the following questions regarding the processes to establish and review profits and losses from financial statements. When analysing profit and loss statements, what are two financial ratio calculations that can be used to analyse profit? Include the calculation in your answer.