Financial Management Report - Finance, Budgeting, Audit

This financial management report provides a comprehensive overview of key concepts and practices. Part A focuses on financial planning, budgeting, budget implementation, financial probity, and relevant legislation, including GST, company tax, and PAYG. It also delves into accounting and financial management systems and the requirements for financial reporting and auditing. Part B introduces the business Australian Hardware and its mission. The report addresses an audit scenario involving mergers and acquisitions, emphasizing due diligence processes and budget adjustments. It covers the role of internal audits in mitigating risks, statutory requirements, and the preparation of reports for the ATO. The report also includes a discussion on the importance of financial probity and provides a list of relevant legislations and conventions applicable to financial management. The report is designed to provide a thorough understanding of financial management principles, making it a valuable resource for students studying finance.