Abstract The Financial Reporting Council decided in 2002 that Australian would move to International Financial Reporting Standards (IFRS) in 2005. Prior to that‚ Australia had its own standard-setting processes. The introduction of IFRS in Australia replaced the original accounting standards and brought several brand new standards. Until now‚ Australia was the first country with a tradition of its own standard-setting to implement international accounting standards for general purposes. Therefore
Premium International Financial Reporting Standards Financial statements
1. Briefly explain the functions and key characteristics of each of the above noted sectors of the hospitality industry and related industries Accommodation: the key characteristics of a resort manager is to ensure reception is ran appropriately‚ opening and closing at correct times‚ with high levels of customer service during all hours of business. A resort manager must be actively involved in recruitment and compile with department rosters‚ and most of all must implement work place health and
Premium Management Ethics
Loya‚ Ruby 11/6/12 Ruby’s Self Regulation Ruby doesn’t strive for perfection‚ she strives for her best. One out of five times ruby will have perfection; four out of five times ruby will have her best. Mark Victor Hansen says “Don’t wait until everything is just right. It will never be perfect. There will always be challenges‚ obstacles and less than perfect conditions. So what‚ get started now with each step you take you will grow stronger and stronger‚ more and more skilled‚ more and more
Premium Learning Failure Study skills
Business Regulation Simulation Torts can be purposeful or negligent‚ but ultimately result in some kind of damage. Within the business simulation from Harb‚ we could identify possible torts as a team. The torts we identified were: unsafe water causing leukemia‚ infliction of emotional distress‚ and the possibility of defamation of character. Many factors can contribute to the Enterprise Risk Management process; however‚ it is necessary to minimize the risks and organization encounters. The Enterprise
Premium Tort Negligence Risk management
Anyone can simply get on a computer and buy a ticket for the next day to go anywhere in the world he or she wants. Travel has never been faster or more convenient as it is today‚ and that convenience is what leads to tourism. Tourism is the largest industry in the world when all of its subgroups are combined; it is difficult to come up with one definition for tourism‚ but it can be looked at as: The commercial organization and operation of vacations and visits to places of interest‚ or as listed by
Premium Cruise ship Ship Tourism
HOSPITALITY STUDY NOTES Working in a socially diverse environment: * Hospitality means the friendly welcoming and entertainment of guests when you work in the hospitality industry‚ you are a representative of the organisation‚ and of the country. * Overseas visitors form their impression of a country by the way there are treated during their travel in their accommodation and the restaurants and cafes they visit. * You need to be able to convey the warmth and friendliness of welcome and
Premium Culture Indigenous peoples
people may have offered hospitality initially‚ in fear/honor of Zeus or just in pure kindness. You can see this in action when Odysseus visits Phaeacia‚ ( Books 6 and 8 pages 73- 89)‚ when Odysseus is stuck in Polyphemus’ cave (Book 9 pages 95-107)‚ and finally when Odysseus gets home and encounters the Suitors. (Books 17- 22 pages 174-230). Today in our American culture‚ few people offer hospitality probably because there’s no one forcing them to‚ people offer hospitality today because it’s out
Premium Odyssey
emphasis of good hospitality is visible throughout the entire book‚ but it is most clearly seen In Phaeacia. “Hearing that‚ Alcinous‚ poised in all his majesty‚ took the hand of the seasoned‚ worldly-wise Odysseus raised him up and sat him down in a burnished chair‚ displacing his own son…” (Odyssey Book 7‚ Pg: 185‚ Line 190-205). Alcinous‚ clearly the good host‚ has given up his son’s seat for an unknown stranger‚ thus fulfilling the codes of hospitality. This shows that hospitality or a host- to-
Premium Odyssey Homer Epic poetry
Introduction to Hospitality and tourism Lecture 1 Tourism : Activity of people taking trips away from home and the industry which has developed to cater to/support the needs of tourism. (does not include migrants‚ PR‚ illegal immigrants) History of tourism * Early travellers travelled for: 1) curiosity 2) food and hunting (survival) 3) trade (trade routes formed – silk
Premium Tourism Hotel
known for a lot of things‚ amazing sweet tea‚ good barbeque‚ but have you ever thought about southern hospitality? No‚ it isn’t one of Ludacris’s albums‚ well‚ not in this sense anyway. Southern Hospitality to me is defined as people being willing enough to volunteer their time‚ homes‚ churches‚ etc to the community‚ or even country. Tennessee in particular is well known for their southern hospitality‚ and willingness to volunteer. We’re called the Volunteer State because in the War of 1812 and the
Premium Southern United States United States Native Americans in the United States