Identify and describe the key features of financial legislation
covering taxable transactions and reporting requirements. Discuss
in 180 to 220 words.
Please remember we not here to discuss Bills, because a Bill is
draft law and therefore cannot be enforced!
We are here to discuss Acts. So please discuss Acts that have to
do with financial legislation covering taxable transactions and
reporting requirements.
(Please consider the Australian financial environment) (please
type up your answer)
Identify the 1 general objective of financial reporting.
Describe the 3 specific objectives of financial reporting.
Explain the relationship between the objectives of financial
reporting.
Explain the Financial Accounting Standards Board (FASB)
conceptual framework.