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How will a business determine the correct lodgement requirements for its particular circumstances?
How will a business determine the correct lodgement requirements for its particular circumstances?

A business purchases 10 digital televisions for use in its offices. When the televisions arrive at the workplace the owner of the business decides that one will be taken home. The total cost of the acquisition was $16,500 (GST inclusive).

How you would process this to comply with taxation reporting requirements. How much input tax credit could be claimed and why?
Demonstrate the procedures that should be followed to record financial data in a computerised system. You will need to negotiate a time and place for the demonstration with your assessor.
Why might it be necessary to consolidate and/or convert financial data to allow it to be analysed in accordance with organisational requirements?
How data might be consolidated or converted to allow it to be analysed?
How does:

Revenue forecasting affect the rest of the budget process? (100 words)
explain how balances are transferred into and out of cash flow statements and how the closing cash is calculated.

What happens to assumptions over time?
what makes the best budget assumptions?
what happens to invalid assumptions?
What needs to be covered when researching information for the cash flow budget?
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