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What is a General Purpose Financial Report?The name GPFR or general purpose financial report indicates a report that highlights the information pertaining to the financial part of the business. It is needed to be adhered by every firm as directed by the government or professional accountants. The firms that meet the criteria of the reporting entity, the entity where the users depend on the report decision making process. Hence, GPFR is a...
Issue and Answers related to Bonus SharesThe board of Waldmart have the power to issue bonus shares and now the shareholders can legally compel the board not to issue the share at the upcoming AGM. According to the Corporation Act 2001 of Australia the sec 254T and 254A are establish the facts of the issue of share the bonus and debenture and the bonus of shares by the directors of the company. As per the Corporation Amendment Bill 2011 sho...
Sectors in Culinary ArtsThe most expected path that can be taken after graduating from the culinary arts is working with the commercial kitchen. Small restaurants generally have only three or four food prepares for the kitchen, while the bigger restaurants have bigger teams. The main chef is in the charge of the kitchen, however, the soups chef, pastry chef, saucier and other members of the team also play crucial role in kitchen (Mitchell ...
Fringe Benefit tax (FBT) consequences of a remuneration package provided by an employer1. Fringe Benefit tax (FBT) is paid when the employer provides the employees certain benefits that are over and above the normal salary or wages. Further, the payment does not relate to salaries hence FBT will not be computed on the salary component that is $300000. When it comes to the fringe benefit tax, the category comprises of various fringe benef...
Human Resource DevelopmentThe current situation at O’Meara Electronics, as pointed out by James, one of the staff members, is ad hoc and as such, there is the need to rationalize various aspects particularly remuneration administration strategies as well as performance management. This paper provides an in-depth explanation and analysis of the elements of two major compensation schemes at the disposal of the organization. These include b...
Literature ReviewThe report aims to analyse the various types of the concepts which is seen to be related to addressing the various types research articles to state and analyse the roles of the cost management system with the use of specific tools. The various type scope of the study has been seen to include the various types of the concepts of the report which has been seen to be report on the exiting issues of the financial and the non-finan...
Human Resource Systems and Employee Relations in France, China, and USADifferent countries of the world have differences in their employee relations aspect. These differences demand change in how the human resource of the multinational companies is carried out. Some of these factors include the human resource systems, the employment relations aspects, the employee values and the remuneration systems among many other factors. Therefore, underst...
Basic remunerationRemuneration is regarded as the compensation for employment services and it takes into consideration salary compensation, fringe benefits, hourly wages and other sort of benefits. Remuneration strategies differ from across firms and industries. The concept of remuneration strategy is very broad and its key elements involve basic remuneration, performance based incentives, profit sharing policy, non financial incentives, sales...
Analysis of the Auditors’ Independence Report of AGLThe Discussion deals with the various issues that are connected with auditing. The process of auditing refers to the analysis of the various financial statements of the companies and verifies its compliance with the standards of the accounting. It si also a process to detect the several errors and material misstatements in the accounting statements made by the accountants of the firm. T...
Overview of the OrganizationThis research report aims to prepare a comprehensive employee performance and development review. The performance review and development framework for employees provides the basis for a manager and organizational member to work together in assessing as well as developing employees’ performance to guide the achievement of individual, weak work areas and organizational objectives (Dusterhoff, Cunningham and MacG...
Overview of ASICIn present market economies, the desirability of appropriate governance id usually promoted. Moreover, the variant which is not encouraged is that governance which is required for public interest can be developed only in the required form of market economy which is not present in the free market. As free-market represent specific interest group, who aim for their own objective even though other organizations resist there. Howev...
Company ProfileThe main objective of this report lies in the analysis and evaluation of the compliance of different standards of accounting conceptual framework and general purpose financial reporting by one Australian company. For the progress of this report, Sonic Healthcare Limited (Sonic Healthcare) is taken into consideration for the purpose of analysis and evaluation. On a broader note, the report aims at the analysis of the importa...
Corporate governance and its influence on operations of big businessThe present study is to provide an overview of the Australian royal commission into the financial and banking sector. Financial system of Australia has experienced a trend of broader implications of corporate governance in recent years. Corporate governance is the practices, rules and process that help in controlling, administering and directing any corporation (Tricker and Tr...
Compliance with Independence RequirementsAudit reports generally must give an assurance to the managers and directors of a company a clear view of the financial position of such a fimr.There are therefore certain aspects which have to be taken into considerations such as the audit procedures, various audit opinions, existence of audit committee and factors which makes an audit report to be effective. Audit assurance focuses on evaluating finan...
AUB Group Limited: OverviewThe company AUB Group Ltd. started its operations in the year 1985, under the company name of Austbrokers Holdings Limited. AUB group limited offers underwriting, broking and risks services to the customers in Australia (AUB Group, 2018a). The firm further manages and operates insurance broking networks, which are represented by approximately 10 businesses. AUB Group limited also renders client solutions and risk man...
Graphics Rating ScalesDiscuss about the Corporate Governance And Corporate Performance. The arrangement of the executive remuneration in the United States set up the path for the global financial crisis that occurred. It was under the remuneration policies that the leading companies decided to take on risks abruptly and thus not able to handle it and breaking down under the hardships of the risks being taken. Data collected from the artic...
Stakeholder Engagement and Continuous Disclosure in Corporate Governance Discuss about the ACC30008 Accounting Theory and Corporate Governance. The present report is undertaken to develop an in-depth understanding of the various aspects of corporate governance through the use of quality scholarly journal articles. There is increasing emphasis placed by business entities on developing an effective corporate governance framework to promote ...
Physiological motivation theoriesThe motivation of employees is a complex issue and can involve the incorporation of a number of management policies. Discuss the three main theoretical approaches to motivation and evaluate at least three methods of employee motivation. Employees are the most significant asset within an organization. Among the most prospect management concerns is employee motivation. Employe motivation involves workers r...
Board Structuring and OversightQuestion:Discuss about the Evolution and Considerations in Corporate Governance.The principles and recommendations set out in the practice of corporate governance is to ensure that the listed entities are likely to achieve good corporate governance outcome so that most of the reasonable expectation of investors are met. There are mainly eight principles as set out by the council and it comprise of board structuring...
Case Study on ASIC 10 Major Points for InvestorsQuestion:Discuss about the Accounting Theory and Governance for Financial Knowledge. Financial knowledge has been a must in order to take the review of the company financial performance. As the investors it is not possible to review the whole business performance and to take decisions to invest in the various choices of investment options. In this regards Australia Securities and Investment Co...
Method for computing CGT payable amountQuestion:Discuss About The Computation Of Capital Gain Loss Regarding? In the given case, a method of capital gain tax, indexation and scheme will not be considered due to the asset’s holding period, less than a year. Therefore, one other method is presented here to be applied; under this method, selecting of full capital will be done in order to calculate CGT payable amount for the assets were acqui...
Types of Payment StructuresDiscuss about the Compensation and Benefits Review. Reward system refers to any monetary, non-monetary and psychological forms of payment that employers provide to their workers in exchange for the work performed. The study of the pay structure enabled me to learn a few types and structures used in paying workers. Base pay is a reward system based on a minimum amount that an employee receives which serves a...
Actions taken to stop the fraud Discuss about the Business Responsibilit and Corporate Governance. The financial planning arm of Terra Australis Bank (TAB) Terra Australis Financial Planning Limited (TAFPL) was involved in a huge fraud that exposed the bank into various enterprise risks from 2003 to 2012. The senior management took some of the following actions inorder to stop the fraud case. First the management promised to give compensations ...
Management Theories of MotivationDiscuss about the Organizational Behavior Management and Practice. The competitiveness among the business organization is increasing day by day and; therefore, the businesses are focusing on increasing their productivity and long-term performance. The employees or the human resource play a critical role in driving the performance of the business and improving organization effectiveness. Therefore, busine...
Financial AnalysisDiscuss about the Contemporary Strategy Analysis for Text and Cases Method. The current paper considers understanding the concerns based on the contemporary accounting within the world of accounting. In the report, two Australian companies was selected those are listed within Australian Securities Exchange (ASX). This encompasses Wesfarmers Limited and Woolworth Limited and both of the companies are associated with the...
