Prepare an explanatory memorandum about financial performance and record keeping requirements. The operations manager of Metharom Construction has asked you to prepare an explanatory memorandum for the accounting staff. They have requested that you include the following information: A) a description of a minimum of 5 financial records that the company must maintain B) any three factors while selecting software that could assist with finance management for small business C) list any 5 regulatory requirement for lodgement and payment of statutory obligations D) a set of policies to for Debt recovery procedures (minimum 3) E) explain how financial performance will be monitored (include a minimum of 2 key performance indicators) F) set of minimum 6 written financial procedures for Metharom which will help in financial health check for stakeholders G)This document must then be sent electronically to the Operations Manager (your assessor) as well as submitted in hard copy.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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 Prepare an explanatory memorandum about financial performance and record keeping requirements.

The operations manager of Metharom Construction has asked you to prepare an explanatory memorandum for the accounting staff.

They have requested that you include the following information:

A) a description of a minimum of 5 financial records that the company must maintain

B) any three factors while selecting software that could assist with finance management for small business

C) list any 5 regulatory requirement for lodgement and payment of statutory obligations

D) a set of policies to for Debt recovery procedures (minimum 3)

E) explain how financial performance will be monitored (include a minimum of 2 key performance indicators)

F) set of minimum 6 written financial procedures for Metharom which will help in financial health check for stakeholders

G)This document must then be sent electronically to the Operations Manager (your assessor) as well as submitted in hard copy.

 

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