Explain the major principles of accounting. 2. What are financial statements?… 1 answer below »
Total Assessment 1 length should be 1500 – 2000 words. You must accurately reference all of your external sources of information Your task is to research and write the answers to each of the following questions. Answers should exceed 100 words but no more than 200 words for each question: 1. Explain the major principles of accounting. 2. What are financial statements? 3. Explain what cash flow is. 4. List three (3) different communication processes or methods which could be used within a company. 5. What are the various reports which need to be lodged with the Australian Security and Investment Commission to meet compliance requirements and legislative responsibilities? 6. Explain what is meant by the following: a. Cost of capital b. Capital structure c. Working capital 7. What is meant by investing and finance decisions? 8. What is the goal of financial resource management? 9. Outline the key principles of finance that relate to most organisation’s operations. 10. What is meant by risk and return?
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