SITXFIN003 - Manage Finances Within a Budget - Accounting and Finance Assignment Help

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Assignment Task

QUESTION

Provide an outline of what a master budget is and what it contains.

QUESTION 2

Identify the four basic financial reports and outline their purpose and content.

QUESTION 3

Provide a brief summary of the purpose of each of the following budgets:

  •  Cash/Cash flow budget
  •  Departmental budget
  •  Event budget
  •  Project budget
  •  Purchasing budget
  •  Sales budget
  •  Wage budget.

QUESTION 4

Identify the purpose of the following financial records:

  •  Bank deposit documentation
  •  Bank statements
  •  Banking summaries
  •  Business Activity Statements
  •  Cheque books
  •  Credit card transaction statements
  •  Journal entries
  •  Labour and wages reports
  •  Merchant statements
  •  Merchant summaries
  •  Transaction reports.

QUESTION 5

What are the requirements for a tax invoice in Australia?

QUESTION 6

Research three common accounting software applications that small businesses use and summarise their functions and features.

QUESTION 7

Describe three techniques commonly used for making estimates of expense budgets.

 

 


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