Master Banking Industry Audits ASAP

Central BankingA central bank can be referred to as a public institution that is involved in managing a country’s or a group of countries’ currency and controlling the supply of money that the amount of money circulated. Ensuring price stability is the main objective of central banking. In some countries, law requires the central banks to act to support full employment. Setting the interest rate is one of the primary tools used by an...

Similarities and differences between Islamic and conventional banksTopic: Monetary Policy in the Islamic and Conventional Financial Industry in Malaysia The Islamic banks may not be popular in some parts of the world, but they grow with time. Although Islamic banks resemble conventional banks, there are slight variations in the operations when these two financial institutions are compared. For the case of Malaysia, the deposit rates in Islami...

Anchoring Bias and its Impact on ClientsClients seeking professional advice often have hesitations after hearing the widely publicised media reports about the Royal Commission into the misconduct within the Banking and Financial Services industry, this could be summarised as Anchoring Bias whereby they have a viewpoint and apply it as a reference for assessing future decisions. Whilst it may not have been intentional, a focus on profits and he...

The Potential of Electronic BankingTitle: Electronic banking's influence on profitability and market share in Hong Kong  Background: Electronic Banking Evolution Electronic banking's potential was recognised a decade ago, when important institutions started to match their product delivery mix to technologies and investigate and exploit innovative business models (Deloitte Consulting, 1998). Developments in technology, deregulation ...

Contemporary Accounting IssuesAccounting theories and concepts are essential as they help assess the accounting and financial reporting practices undertaken by the firms. Different types of accounting theories and concepts are there. This report attempts to apply various crucial accounting theories and accounting concepts to analyse the key initiatives and issues in an Australian ASX Top 100-listed company. Commonwealth Bank of Australia is se...

DiscussionThis piece of work will focus on the long debate about whether government officials must be given the power to influence the interest rates and growth in any economy or the central banks must be given complete independence (Vonessen et al. 2020). It is often argued that a politician cannot be completely trusted. Just before an election, they can lower the interest rates in an economy to lower the prices of goods and services. This, a...

Organizational Framework of National Australia BankThe success factor behind any prosperous business is the proper functioning of its every department maintaining a harmony among the operation of each other. A business has to maintain several departments to manage all the functional aspects that are necessary for its business processes. As a business grows in size, the need for more employees arises along with the need for more departments (Ro...

Objectives of Cheyef Halak CampaignsThe primary objectives of Cheyef Halak’s campaigns as we discussed in class include: To reach out and involve citizens of Lebanese To emancipate and create awareness of the challenges that curb citizens of Lebanese from emerging a civilized community. Implementation: Cheyef Halak’s was provided with a helping hand by being deliberated on among the most widely held talk shown in Lebanon: ...

Mission and Vision StatementWestpac Bank came in to existence in the year 1817 in Sydney, it has its headquarters in Sydney. It is considered as one of the four major banks of Australia. The portfolio of the bank is highly diversified of the various financial services that are divided into different segments: institution oriented as well as consumer oriented. The portfolio of the bank includes wealth management and advisory services. The Bank ...

Section 1Australia and New Zealand Banking Group Ltd (ANZ) offers a diversified range of financial and banking products and services. It is one of the four big banks of Australia and its services are provided from more than 1200 offices and branches that are located in its namesake countries including the Asia/Pacific region. In relation to its current organizational structure, the company uses a divisional form of organizational structure (AN...

Literature ReviewThe National Australian Bank (NAB) was formed after the merging of two banking companies in the year 1982. It is currently one of the top most rated companies dealing with financial issues and market capitalization in Australia. It is an international company with a large number of customers and employees working in it. NAB has been rated as world’s 21st and 41st largest bank in relation to market capitalization and tota...

Issue OneThe Common Wealth Bank in Australia is an institution which belong to the banking industry and it provides the Australians with various services which include organizational banking, management of funds, investment, insurance services, share broking the services and products, business banking, premium banking and retail banking in which all these services are integrated amongst the integrated financial services (AULICH, JONES and...

Mission and GovernanceManagement audit can be understood as the assessment and the analysis of the capabilities and the competencies of the management of an organisation for evaluating their efficiency and effectiveness in respect with their business policies ad strategic objectives (Lin and Hwang, 2010). The key aim behind accompanying management audit is not to have a look or reward the performance of any individual rather to analyze and pra...

The need for IT in the businessThe “Commonwealth Bank of Australia” is one of the most popular and largest banks in Australia. It has developed in an organization with more than 50000 employees and 800000 stakeholders. It has been helping through a wide range of financial services by helping Australians managing and creating their finances. For business as well as individuals banking and finance has been affecting many things. The i...

DiscussionAccounting software is a kind of software of execution, which tracks and operates different transactions of the department of accounting in the diverse effective modules like the trial balance, accounts payable, accounting records and payroll (Galliers and Leidner 2014). It is usually acquired from a third party vendor, or is spread by the company that is planning to take accounting software or it can be an integration of both cases ...

Description of Commonwealth Bank of AustraliaThe Common Wealth Bank situated in Australia and serves many western countries having establishments all over. It is exists under the banking industry and offers many money-related services to its clients. They include management of resources, giving loans to innovators to get their businesses up and running, safe keeping of savings and giving insurance covers to the applicants (Lane, & Milesi-F...

DiscussionStrategic information systems or SIS is the information systems that are developed for the business initiative of an organization (Mir and Pinnington 2014). This strategic information system mainly provides competitive advantages to all the organizations and delivers all types of services and products in lower cost. It even focuses  on any particular segment of a market (Pearlson, Saunders and Galletta 2016). The strategic inf...

Question 1 Capital Structure Particulars Details Bendigo and Adelaide Bank 2015 (in million $) 2016 (in million $) 2017 (in million $) Total debt A                7,249.10                5,958.70       ...

Westpac Banking Corporation is chosen from the banking sector in order to access and analyze how AIS/ERP Systems would help the bank in improving its efficiency in the market. Additionally, with regards to the selected company detailed information about the business process, business requirements, systems requirements, and software and vendor selection would be provided. At the same time, technologies utilization methods, security risks, dat...

Overview of Commonwealth Bank of AustraliaCommon wealth bank of Australia There are many multinationals working in Australia; however, there are few that can match the size of Commonwealth Bank of Australia. It is the biggest bank in Australia and has branches across USA, Fiji, Asia and the United Kingdom. It is the largest company in Australia that is listed in the Australian Securities Exchange. It has other brands and subsidiaries like the...

Macquarie Group Limited operationsIn the current era of industrialization, to survive in the competitive environment, it is important that organizations embrace effective financial, operational and human resource capabilities assuring a progressive growth. The performance of the organization is extremely affected by probable risks, which is an inseparable part of the banking industry. The report has been drafted to assess the effectiveness of Ma...

DiscussionStrategic information systems or SIS are implemented by organizations for developing generic strategies and attaining competitive advantages. SIS allows organizations to identify new business opportunities (Altaf and Khalil 2016). It supports the existing strategies of the companies and also assists in changing current structure and strategies. SIS facilitates the organizations to align its business strategies with the information sy...

Background Information about the Research PaperBackground Information about the Research Paper:  In the current time, it is more essential and noteworthy for the business firms or multinational companies to adopt and implement different types of information systems and technologies in order to run business functions and operations more innovatively and effectively. It is because information systems and its applications allow the organiza...

About Westpac Banking CorporationsThere have been many issues, situations faced by the major companies of the Australia Banking system, and the relevant accounting standards followed by the company were discussed in the assignment. The report will currently aim and discuss about the current issues of the accounting and the relevant characteristics of the accounting standards followed by the company (Atkinson 2018).   It is important fo...

Matching Criteria’sThis section of the study has covered a brief analysis of the various criteria of the graphical representation of information used by Westpac. 360 Degrees Representation of information: The important benefit in terms of representation of data with the pie chart has been considered with information segregation into multiple classes. Values in terms of Percentage: This may often classify information with percentage ...