The Fair Work Act (Cth) was introduced by the Labor government in 2009 to replace the previous unpopular Work Choices legislation. The following is an assessment of the impact of this legislation on Australian workplace employees in two categories: the rights of employees and the protections afforded employees. For the purposes of this evaluation the most up to date Oxford Dictionary definitions have been used to define these categories. Through this‚ an employees rights afforded by the Fair Work
Premium Employment Labour relations Trade union
Refer to the list of income statement items in Problem 2-6A. Assume that Corbin Enterprises classifies all operating expenses into two categories: (1) Selling and (2) General and administrative. Required 1. Prepare a multiple-step income statement for the year ended December 31‚ 2010. 2. What advantages do you see in this form for the income statement? 3. Compute Corbin’s profit margin. 4. Comment on Corbin’s profitability. What other factors need to be taken into account to assess Corbin’s profitability
Premium Revenue Income statement
Exam1 - KEY 1. What is the primary disadvantage of the corporate form of organization? Name at least two advantages of corporate organization. The primary disadvantage of the corporate form is the double taxation to shareholders of distributed earnings and dividends. Some advantages include: limited liability‚ ease of transferability‚ ability to raise capital‚ and unlimited life. 2. Evaluate the following statement: Managers should not focus on the current stock value because doing so will
Premium Net present value Cash flow Asset
Dear SEC Commissioners‚ As a professional accountant for many years now‚ I have seen how accounting principles have changed‚ and is currently changing through time. I understand the challenges that are involved‚ as well as the issues that may arise when making changes. The changes that are made should always be in the best interest of following the US GAAP Conceptual Framework. That is why I always like to get involved and do my share of getting my opinion out there in hopes of making the best
Premium
private company‚ and a proprietary company | | a public company‚ and a trade union | | a proprietary company‚ and a public company | | a proprietary company‚ and a partnership | 3. A proprietary company must have at least one shareholder and cannot have more than: | 100 shareholders | | 50 shareholders | | 20 shareholders | | 10 shareholders | 4. | The share capital of a company may consist of: | ordinary shares either fully paid or partly paid issued
Premium Financial statements Balance sheet Corporation
Hello! I am going to apply to Msc Accounting and Finance Management programme. I would be grateful if you could give me feedback. :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: :::::::::::::::::::::::::::::::::::::: I studied a Bachelor’s degree in Accounting. During the undergraduate degree I took a variety of subjects in taxes‚ finance‚ auditing‚ economics‚ accounting and business management. Taking a variety of subjects in university allowed me to see where my
Premium Finance Management
The first supreme court case that impacted fair use was Sony Corp. of America v. Universal City Studios‚ Inc.‚ 464 U.S. 417 (1984). In Sony Corp. of America‚ owners of copyrights on television programs brought infringement actions against manufacturers of home videotape recorders. The Court argued that the situations in which fair use most commonly recognized are found in the statute itself; when a work is used “for purposes such as criticism‚ comment‚ news reporting‚ teaching‚ ... scholarship‚ or
Premium Fair use Copyright Copyright infringement
Balance of Payments (BoP) The BoP is a summary statement in which‚ in principle‚ all the transactions of the residents of a nation with the residents of all other nations are recorded during a particular period of time‚ usually a calendar year. These transactions include payments for the country’s exports and imports of goods‚ services‚ financial capital‚ and financial transfers. The BoP accounts summarize international transactions for a specific period‚ usually a year‚ and are prepared in a single
Premium Macroeconomics International economics International trade
Investing and Financing Decisions and the Balance Sheet I. THE OBJECTIVE OF FINANCIAL REPORTING‚ THE ELEMENTS OF THE BALANCE SHEET‚ AND THE RELATED KEY ACCOUNTING ASSUMPTIONS AND PRINCIPLES. A. Primary objective of financial reporting 1. To provide useful economic information about a business to help investors and creditors make good financial decisions. a. Decision makers are expected to have a reasonable understanding of accounting concepts and procedures. b. Decision makers
Premium Balance sheet Generally Accepted Accounting Principles
The Role of Managerial Finance Review Questions 1-3 Which legal form of business organization is most common? Which form is dominant in terms of business revenues? What is the goal of a firm and‚ therefore‚ of all managers and employees? Discuss how one measures achievement of this goal. What are the major differences between accounting and finance with respect to emphasis on cash flows and decision making? 1 -7 1-13 Problems P1-1 (Page 27) Merideth Harper has invested $25‚000 in Southwest
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable