As the finance manager what processes would you

7. As the Finance Manager, what processes would you implement to monitor actual
expenditure and to control costs?
8. Name (6) six source documents you would need to access in order to report on actual
expenditure and to control costs.
ILSC Business College BSBFIM501 Assessment V3: December 2016Page 5 of 13

9. As the Finance Manager you will regularly collect and collate for analysis, data and
information on the effectiveness of financial management processes within the work
team. List (8) eight documents where you could source such data and information.
10. Explain what GST is and how it works in Australia.
11. Explain which Australian businesses have to register for GST and why this is so.
12. Identify and record all the business records you must keep for taxation purposes?
ILSC Business College BSBFIM501 Assessment V3: December 2016Page 6 of 13