point where houses and businesses were being foreclosed and banks could not give out loans. If the government did not get involved‚ it would “… allow the foreclosures to continue‚ credit to be withheld and money to go into hiding‚ and this forcing liquidation and bankruptcy of banks‚ railroads and insurance companies and a recapitalizing of all business and all property on a lower level”. FDR believed the difficult financial times would not only affect the economy financially‚ but society would lose
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Discuss the various grounds upon which the Court can order that a company be wound up compulsorily. B.H McPherson defines winding-up as a process whereby the assets of a company are collected and realised‚ the resulting proceeds are applied in discharging all its debts and liabilities‚ and any balance which remained after paying the cost and expense of winding-up is distributed among the members according to their rights and interests or otherwise dealt with as the constitution of the company
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relevant recent cases‚ may also be discussed in class – how to use cases and what is expected of students in relation to their knowledge of cases will be explained in lectures. LECTURE AREA 1 - COMPARISON OF BUSINESS ORGANISATIONS Cases concerning partnership: Polkinghorne v Holland (1934) 51 CLR 143 National Commercial Banking Corp of Australia Ltd. v Batty (1986) 160 CLR 251 United Dominions Corporation Ltd. v Brian Pty Ltd. (1985) 157 CLR 1 LECTURE AREA 2 - HISTORY AND LEGISLATIVE FRAMEWORK‚ REGISTRATION
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Abstract: An abstract is a brief written summary of a longer document. Account: A record of increases and decreases in a specific asset‚ liability‚ or owner’s equity item. Accounting: The process of identifying‚ recording‚ and communicating the economic events of an organization to interested users of the information. Accounting equation: Assets = Liabilities + Owner’s Equity. Accounting information system: A system that involves collecting and processing transaction data‚ and providing financial
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Q1 - Internal Controls (lecture 3): 15 Marks. ------------------------------------------------- He said he will ask either a petty cash question or a bank reconciliation one but not both. The question will also probably test us on e-controls or cash control for cash receipts and cash payments. What is internal control? It is the organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational
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ownership. 6. Compare and contrast characteristics of shares that are publicly traded and those that are not. Copyright © 2007 Pearson Addison-Wesley. All rights reserved. 1-4 1.1 The Four Types of Firms • Sole Proprietorship • Partnership • Limited Liability Company • Corporation Copyright © 2007 Pearson Addison-Wesley. All rights reserved. 1-5 Figure 1.1 Types of U.S. Firms Copyright © 2007 Pearson Addison-Wesley. All rights reserved. 1-6 1.1 The Four Types
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7 areas of Business Management • general management: examination of management process as a whole • marketing management: marketing of business • financial management: acquisition and control of money • production and operations management: physical production of products • purchasing management: acquisition of assets machinery products etc. • human resources management: employment‚ management‚ training of staff public relations management: create a favourable image of business • Business world:
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2 Process of marketing audit and customer profitability analysis 15 L.O 3.3 Evaluation of marketplace 16 L.O 4.1 Impact of macroeconomic factors on financial strategy 16 L.O 4.2 Evaluation of organization ’s resources 17 L.O 4.3 Divestment and liquidation strategy 18 Conclusion 18 Bibliography 19 Introduction Business environment in now a days is too
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the next decade. 3. Industrial training and skills development programmes 4. Establishment of National Investment and Manufacturing Zones equipped with world-class infrastructure that would be autonomous and self-regulated developed in partnership with the private sector 5. Flexible labour laws and simplified & expeditious exit mechanism for sick units. 6. Relaxation in environmental regulations 7. Financial and tax incentives to small and medium enterprises. 8. Incentives
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create a debtor friendly rescue procedures (lexology.com‚2012) Liquidation – In UAE liquidation can be referred to trade
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