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Type of Audit Opinions for Australian Companies Analytical review: Wesfarmers Ratio 2016 2015 (Decrease)/ Increase Extent of risk Short term liquidity ratio Current ratio Current assets / current liabilities - - 0 Low Acid test ratio Liquid assets/current liabilities - - 0 Low ...
Hotel descriptionHospitality is the very well known industry. Hotel intercontinental Budapest is being taken to describe the hospitality in wide nature. This report will be reflecting the description about intercontinental hotel and its services. Various tourist attraction points will be discussing below. The view of F&B manager and front office manger will be showing in which they want to provide more furnished services to their service u...
Implementation of Cyber ResilienceThe recent crisis in the economy with the failure of the high profile corporatehas illuminatedthespotfor the participation ofthecorporate governance. Being a corporate governance consultant to the company which is listed in the AustralianStock Exchange and ranked with ASX 200, it is my job to help the company build a better board. This will help the company to develop betterprocedures and practices that are ap...
Use of CRM system for managing customer knowledge and attaining competitive advantageThe report is prepared to discuss about the various ways and approaches for managing information for the chosen case organisation named British Airways. The company is the flag carrier and also one of the largest airlines in United Kingdom in terms of size of fleet and also in terms of passengers carried. The report will illustrate about the various approaches...
Analysis and CalculationA report has been prepared on the business accounting concepts. The unadjusted Trial Balance of the company has been given along with the sheet showing the various adjustments. The journal entries have been passed based on the adjustment given and the adjusted trial balance has been prepared (Dumay & Baard, 2017). Post this the income statement has been prepared and the closing entries have been passed in the j...
What is Governance and Stewardship?Governance and Stewardship is a group of activities that help in an effective management of people or an organization. While governance is defined as the actions used to govern an organization or people, stewardship is defined as the act of supervising people or an organization (Council, 2015). Effective governance helps to ensure that the organizational policies are robust and effective. It also helps to ou...
IT Recruitment: Three Key Tactics for Hiring IT Staff1a. It has been noted that there are skills shortages impacting on the recruitment of IT related staff. Outline three key tactics an IS manager could adopt to ensure this issue doesn’t present too many risks to their organisation. The three tactics by which the efficiency of the recruitment policy will be maintained in an IT company are the applicant tracking system, video int...
Background of the companyCases of Privacy data breach are being very common with the development of technology. It has been seen that as much government is being concerned about the issue, the same is increasing with even more speed. Data breach is a condition where confidential information get a release from unauthorized sources. After 4 years of long discussion and debate, EU Parliament has finally approved the much-awaited regulations on th...
Discussion regarding the CompaniesThe main purpose of this assessment is to analyze the factors which led to the liquidation of three companies and whether the major factor which contributed to the liquidation was the excess liability of the business. The companies which are to be analyzed are Aluminum Boats Australia, HIH Insurance and Stella Homes and all the companies have their main operations in Australia. The assessment goes into de...
Duties of Directors towards StakeholdersA corporation has a separate entity from its owners based on which they cannot be held personally liable for the actions of the company. The board of directors of the company is responsible for making decisions in the company. It is believed by many directors that they owe a duty towards the shareholders based on which they have to prioritise their interest above other stakeholders because they invest mone...
Part II: Multiple ChoiceTrue or False No. 1 2 3 4 5 6 7 8 9 10 Answer True False False True True True False False True True Justification for the question: Inaccessible information is useless information since the importance of information lies in the actions needed to i...
Fees for no serviceA Royal Commission (RC), highest form of public inquiry authority of Australia, uncovered the extensive wrongdoing in the financial industry of Australia in the year 2018. RC published the report in which they accuse the industry for valuing the profits over the interest of people. This report mainly expressed the culture of greed adopted by banks and financial institutions of the Australia. This report is named as “sc...
The case study is based on Exxon Mobile. The CEO of company saidthat according to him, the company had to made focus on the mission to establish more oil and gas reserve, and that oil and gas will stay primary fuel sources for periods to come. Many shareholders did not agree. They argued that company’s importance on establishing oil and gas as energy source exposed global environment and economical or financial condition of the company.&n...
Corporate social responsibilityIt is all about giving back to the society that is allowing the individuals and companies to prosper and flourish in this competitive world. They are taken it from the surrounding environment and needs to give it back so that it can be restored. It is important for the business organization to have an effective and efficient corporate social responsibility that aims towards conduct the business ethically. This me...
Situational auditThe marketing activities are focused on positioning the Portland Beverage’s Crescent as an energy or sports drink. Being a non-alcoholic beverage item, the product is targeted at the health conscious clients for making them feel energized and refreshed. The vision of PDB is to work with Crescent by acquiring it while the mission is to deliver exceptional customers’ services (Armstrong et al. 2014). The differentiator...
Understanding SDG 8 As responsible corporate citizens business organizations are expected to give back to the societies in which they do business and derive profits. Corporate Social Responsibility (CSR) is a concept that defines the actions taken by business organizations to contribute to the sustainable development goals in the places where they are located. CSR takes on many approaches in different countries and is understood differently in d...
Financial Statement AnalysisThe main purpose of the assessment is to critically analyze the financial statements of Fortescue Metals Group LTD in order to understand the financial performance of the business in last year years. In order to obtain relevant financial information, the annual reports of the company are considered for the period of two years which is 2018 and 2017. Fortescue Metals Group Ltd is an Australian based iron ore company...
Corporate Social Responsibility in Business OrganizationsThe research provides an analysis about corporate social responsibility and the manner in which alternatives about the corporate social responsibility of an organisation can be identified. According to Schwartz (2017), the duty of every company is to ensure that a proper responsibility is maintained which helps in building the society as well as the members in it. The responsibilities he...
Overview of AMP Ltd and its operationsAMP Ltd has been in the business of offering financial services like life insurance, management of capital, management of wealth, etc. In addition to this, since the company has been negligent in maintaining the effectiveness of its internal control measures, it has been tackling various types of legal issues. Besides, the frauds and errors on the part of executives of the company has deteriorated its goodwi...
Overview of the ReportIn the modern day business contemporary organisation are facing lot of issues. Ethical issues are most important and difficult to handle. These ethical issues can be related to different aspects i.e. in terms of commercial, economic, environmental and social issues (Shapiro & Stefkovich, 2016). It is crucial that company understands these issues and work upon it. Use of ethical framework can be helpful for managing th...
CSR as a way to care about the community, environment, and profitCorporate social responsibility (CSR) is attained when the business adopts active and voluntary action towards economic, social and environmental developments. This is considered as being done for taking the advantage of opportunities and establishing a market reputation. Additionally, when the business succeed in fulfilling these three needs, the business is said to have possessed...
DiscussionNowadays, corporate social responsibility or CSR is an unparallel and one of the most important concept which the managements of the company has to follow in order to fulfil the requirements stated in the standard of financial reporting of the company. In the CSR reporting, the companies state their concern about the social and environmental concerns about the integration in their business. This concern is regarding the operations an...
MethodologyAustralian Auditing Standards provides requirements and specification relating to responsibilities of an auditor relating to the audit of financial report as well as complete set of books of accounts. As per assertions of Abu-Ras, (2015), it acts as a guidance tool for auditor in conducting an audit of any company or organization. It establishes requirement and explanation relating to the obligations of an auditor and the assuranc...
Corporate Governance and Investors' Perceptions of Foreign IPO Value: An Institutional PerspectiveThe growth of the organizations is chiefly based on the performance of the same while operating in the international markets. Organizational performance is often characterized by the structure, governance, environmental forces, risks that are faced by the businesses and the functions that are undertaken by the diverse firms. The criteria of growth...
Corporate Responsibility, Ethics and GovernanceThe corporate Responsibility and governance structure are very significant facet of any business as they support in recognizing problems and permit the corporation to reimburse to all the stakeholders of the company and the society. The corporate responsibility, ethics and governance structure not only support in maintaining a great loyal customer foundation, but are also important for long term...
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