1. What are the guidelines that should be followed if budgeting is to be associated with performance monitoring? (in Australian Accounting environment) Discuss in 120 to 150 words.
2. What does forecasting involve and what does it enable? (In Australian Accounting Environment) Discuss in 100 to 120 words
3. How might accounting representations have enabled if an overstatement incident took take place? In your discussion, provide a critique of the claim that accounting mirrors, and can objectively represent, economic reality. (for example: the overstatement from Tesco in 2014-2015).