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PLEASE ANSWER ALL QUESTIONS FOR THUMBS UP. NO PLAGIARISM

1) Identify and explain current taxation requirements of business?

2) Explain the key features of integrated computerised accounting systems.

3) Describe a range of methods and formats for presenting financial data?

4) Identify and explain the key principles of double-entry bookkeeping and accrual accounting?

5) Outline options, methods and practices for recording and reporting deductions, benefits and depreciation?

6) Identify and explain current business taxation requirements?

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Nelly Stracke
Nelly StrackeLv2
28 Sep 2019

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Case Study 04:

Geeta Rani is the treasurer of a local gymnastics club. As treasurer she is required to identify invoices for payment, prepare the cheque and in conjunction with the president sign the cheques, mail the cheque and update customer accounts.

Required:

a) Explain the weaknesses in the Accounting Information System that are not protecting Geeta in carrying out her duties.

b) The process of reviewing the recording procedures for an Accounting Information system should include three areas. What are they?

c) Define explanatory notes. Why companies need to prepare them?

d) Explain the key principles and practices of budgetary control and implications for

accounting systems.

e) Explain the key features of financial legislation relating to taxable transactions and

reporting requirements.

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