Topic 1

Describe the principles and techniques involved in managing:

-budgeting

-cashflow

-electronic spreadsheets

-GST

-Ledgers and financial statements

-Profit and loss statements

-Ageing summaries/report in accounts receivables

Topic 2

Accounting concepts and principles in:

-The difference between income, expenses, assets, liabilities and equity

-The concept of a double entry financial system where every credit has a matching debit

-Petty cash

-Accrual accounting

-Changing asset values through depreciation

Topic 3

Explain the relevant legislation and current requirements of Australian Taxation Office regarding:

-CompanyTax return

-GST collection, payment and reconciliation

-Audit and record-keeping requirements for financial records