What do you understand by financial viability of the organization?
2: Define Following accounting and financial terms:
- Asset
- Liability
- Equity
- Income
- Expense
- Pay as you go (PAYG)
- Goods and services tax (GST)
- Fringe benefit tax
- Business activity statement (BAS)
- Superannuation guarantee scheme
- Work Cover
3: Explain following relevant Australian, international and local legislation and conventions, such as:
- Bilateral or regional trade agreements
- International Commercial Terms (INCOTERMS)
- Trade Practices Act
- Warsaw Convention
- World Trade Organization determinations
- Australian Accounting Standard Board (AASB)