Highlights
Instructions
You will need to research information to assist with your responses for this task.
What you will need to complete this task
• Research materials such as books, internet, magazines, workplace documentation etc.
• Access to legislative and regulatory documentation relevant to own state or territory.
You should use a variety of sources to gather information including training resources, workplace policies and procedures (if you are able to access these) and government and industry bodies.
Task
You are required to provide information about the following points. You must prepare a written response to each point, which can be supported by example documentation as required. Ensure material is referenced appropriately.
1. Discuss the key requirements of the following legislation and policy:
a. Taxation legislation, as it relates to deductions, allowances, and charges
b. The government financial policy relating to financial and business performance advice
c. Corporations and consumer legislation relating to financial and business performance information
2. What are the key areas that can cause significant taxation issues? List at least four
3. Identify and discuss the techniques that are used to forecast financial and business performance
4. What are the industry-standard methods that are to be used when presenting and formatting financial data?
5. Outline the key principles of cash flow and budgetary control
6. What suitable sources of information could you access and use on financial products and markets, relating to financial and business performance information? List at least five
7. Identify the risks, contingencies, and risk management options which commonly relate to financial and business performance
8. What are the rights and responsibilities that clients have in relation to obtaining financial and business performance information?
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