this is the second assessment of AFX5330, and i got a reasonable marks on this one, 14 or 13.5 out of 20, i think. this was a case study, the case was so long...
here are the requirements
1. What does the proposal document provided in the appendix tell you about the organizational issues that must be managed during the project?
Referring to the readings for this subject, explain the significance of each issue mentioned. (3 marks)
2. What additional information is required before Accenture can decide whether or not to make a bid on the project?
Refer to relevant research to support your answer. (3 marks)
3. Do you think that Accenture should present a bid? Why, or why not? (3 marks)
4. How much should the bank expect to pay for an ERP-based solution?
Describe separately the costs likely to be associated with the initial implementation as well as the ongoing maintenance of an enterprise system. (2 marks)
5. Irrespective of whether an ERP solution is within the project budget, describe an SAP-based software solution that will meet the business needs of NBSC. Be specific about the industry solution, modules and sub-modules that must be implemented, and why each is required.
For example, the bank will require the FI (Financial Accounting) module. Within that module, the bank will probably also need FI-GL (General Ledger), FI-AP (Accounts Payable), FI-AR (Accounts Receivable), FI-BL (Bank Accounting), FI-AA (Asset Accounting), and FI-FM (Funds Management). (4 marks)
8/30/2010
sample essay of GSB9001
finally, the sun comes out. stop raining...
here is the essay of GSB9001, uh~not good marks, 11 out of 20. some problems with conclusion and recommendations. the recommendations are too long, and wikipedia is not a good information source.
Executive Summary
This report first analyses the financial prospects, political situation and environment credentials of three companies- Nissan, Vestas and Rio Tinto. It shows that only Vestas has a good financial prospect. Nissan and Rio Tinto’s future financial performances are not clearly. About political situation, only Vestas has strong policy backup by government. And so far there is no policy benefit to Nissan. Rio Tinto’s political situation is the worst, it is facing two legal issues which are not good for company’s development. For the third criterion- environment credentials, all of three companies do well, either they have an environment- friendly strategy, or their production good for environment. After analysis, it recommends that Vestas should be invested, because it matches all of three criteria.
here is the essay of GSB9001, uh~not good marks, 11 out of 20. some problems with conclusion and recommendations. the recommendations are too long, and wikipedia is not a good information source.
Executive Summary
This report first analyses the financial prospects, political situation and environment credentials of three companies- Nissan, Vestas and Rio Tinto. It shows that only Vestas has a good financial prospect. Nissan and Rio Tinto’s future financial performances are not clearly. About political situation, only Vestas has strong policy backup by government. And so far there is no policy benefit to Nissan. Rio Tinto’s political situation is the worst, it is facing two legal issues which are not good for company’s development. For the third criterion- environment credentials, all of three companies do well, either they have an environment- friendly strategy, or their production good for environment. After analysis, it recommends that Vestas should be invested, because it matches all of three criteria.
8/25/2010
MKX9550 2008 exam paper (2)
I just answered 3 questions in this paper, becuase i was lazy...and i found these questions were not related what i have learned. maybe because the textbook was changed. I guess.
1. One of the major components of a marketing plan is the external environmental analysis. Describe the major elements of this environmental analysis (10 marks). Then explain the process you go through to draw conclusions from the analysis to enable you to set meaningful strategies later in the marketing plan. (10 marks)
External environment (opportunity and threat) analysis. A business unit must monitor key macroenvironment forces and significant microenvironment actors that affect its ability to earn profit. The business unit should set up a marketing intelligence system to track trends and important developments and any related opportunities and threats.
A marketing opportunity is an area of buyer need and interest that a company has a high probability satisfying. An environmental threat is a challenge posed by an unfavourable trend or development that would lead, in the absence of defensive marketing action, to lower sales or profit. To deal with them, the company needs contingency plans.
2. In marketing, perceptions are more important than reality. People can emerge with different perceptions of the same object because of three perceptual processes. List and briefly characterize those processes (10 marks). Further, marketing scholars have developed a “stage model” of the buying decision process. List and describe the five stages of this process using examples? (10 marks)
Perception is the process by which we select, organise and interpret information inputs to create a meaningful picture of the world. The key point is that it depends not only on the physical stimuli, but also on the stimuli’s relationship to the surrounding field and on conditions within each of us. People can emerge with different perceptions of the same object because of three perceptual processes: selective attention, selective distortion and selective retention.
1. selective attention: attention is the allocation of processing capacity to some stimulus. It’s estimated that the average person may be exposed to more than 1,500 ads or brand communications per day. Because we cannot possibly attnd to all these, we screen most stimuli out- a process called selective attention. Selective attention means that marketers must work hard to attract consumers’ notice.
2. selective distortion: selective distortion is the tendency to interpret information in a way that fits our preconceptions. Consumers will often distort information to be consistent with prior brand and product beliefs and expectations.
3. selective retention. Most of us don't remember much of the information to which we’re exposed, but we do retain information that supports our attitudes and beliefs. Because of selective retention, we’re likely to remember good points about a product we like and forget good points about competing products.
1. problem recognition
2. information search
3. evaluation of alternatives
4. purchase decision
5. postpurchase behaviour
1. One of the major components of a marketing plan is the external environmental analysis. Describe the major elements of this environmental analysis (10 marks). Then explain the process you go through to draw conclusions from the analysis to enable you to set meaningful strategies later in the marketing plan. (10 marks)
External environment (opportunity and threat) analysis. A business unit must monitor key macroenvironment forces and significant microenvironment actors that affect its ability to earn profit. The business unit should set up a marketing intelligence system to track trends and important developments and any related opportunities and threats.
A marketing opportunity is an area of buyer need and interest that a company has a high probability satisfying. An environmental threat is a challenge posed by an unfavourable trend or development that would lead, in the absence of defensive marketing action, to lower sales or profit. To deal with them, the company needs contingency plans.
2. In marketing, perceptions are more important than reality. People can emerge with different perceptions of the same object because of three perceptual processes. List and briefly characterize those processes (10 marks). Further, marketing scholars have developed a “stage model” of the buying decision process. List and describe the five stages of this process using examples? (10 marks)
Perception is the process by which we select, organise and interpret information inputs to create a meaningful picture of the world. The key point is that it depends not only on the physical stimuli, but also on the stimuli’s relationship to the surrounding field and on conditions within each of us. People can emerge with different perceptions of the same object because of three perceptual processes: selective attention, selective distortion and selective retention.
1. selective attention: attention is the allocation of processing capacity to some stimulus. It’s estimated that the average person may be exposed to more than 1,500 ads or brand communications per day. Because we cannot possibly attnd to all these, we screen most stimuli out- a process called selective attention. Selective attention means that marketers must work hard to attract consumers’ notice.
2. selective distortion: selective distortion is the tendency to interpret information in a way that fits our preconceptions. Consumers will often distort information to be consistent with prior brand and product beliefs and expectations.
3. selective retention. Most of us don't remember much of the information to which we’re exposed, but we do retain information that supports our attitudes and beliefs. Because of selective retention, we’re likely to remember good points about a product we like and forget good points about competing products.
1. problem recognition
2. information search
3. evaluation of alternatives
4. purchase decision
5. postpurchase behaviour
8/24/2010
MKX9550 past exam paper (1)
now, labor vs. liberal 73:73, well, let's see
here is the 2009 MKX9550 exam paper, totally 8 questions, but you can choose to answer 5 questions in the exam
1. When companies decide to go global, it often makes sense to enter in a few countries, than all. Identify the three criteria that companies prefer countries meet to be viable alternatives for entry. (5 marks) Then discuss the five possible modes of entry into foreign markets, describe and contrast them. (15 marks)
1. Rank high on market attractiveness brand awareness, market size
2. Rank low in market risk
3. Possess a competitive advantage
here is the 2009 MKX9550 exam paper, totally 8 questions, but you can choose to answer 5 questions in the exam
1. When companies decide to go global, it often makes sense to enter in a few countries, than all. Identify the three criteria that companies prefer countries meet to be viable alternatives for entry. (5 marks) Then discuss the five possible modes of entry into foreign markets, describe and contrast them. (15 marks)
1. Rank high on market attractiveness brand awareness, market size
2. Rank low in market risk
3. Possess a competitive advantage
8/22/2010
who will win the election 2010 of Australia
well, the election was held yesterday, but no result comes out so far. according to Yahoo 7, Labor has 72 seats, and liberal has71 seats, no single party hold more than 76 seats, so maybe a hung parliament will come out. and I hear that the Green Party perfoms well in this election.
well, again, i have no vote rights, but i think election is an interesting, at least, the citizens have a chance to choose the leader by themself. according to the Chinese law, i do have a vote right in China, well, i do not know how to use, when to use it. what a pity.
A hung parliament will never in China, because CPC is the only majority party in China...and there is a communist party in Australia too, its website is http://www.cpa.org.au/ Oh~~CPA again~~different meaning
also, there is a sex party in Australia, i do not know, it is called Sex Party, maybe all the members in that party is sexy? just kiding~ i do not know~
i hear that, there is a party which about hunting and fishing...well, sounds interesting, but i am not interesting both of them...
well, maybe a fews days later, the result will come out, and let's wait and see.
but i hear that both of Julia and Tony will tighten the immigration laws, well, who knows~
well, again, i have no vote rights, but i think election is an interesting, at least, the citizens have a chance to choose the leader by themself. according to the Chinese law, i do have a vote right in China, well, i do not know how to use, when to use it. what a pity.
A hung parliament will never in China, because CPC is the only majority party in China...and there is a communist party in Australia too, its website is http://www.cpa.org.au/ Oh~~CPA again~~different meaning
also, there is a sex party in Australia, i do not know, it is called Sex Party, maybe all the members in that party is sexy? just kiding~ i do not know~
i hear that, there is a party which about hunting and fishing...well, sounds interesting, but i am not interesting both of them...
well, maybe a fews days later, the result will come out, and let's wait and see.
but i hear that both of Julia and Tony will tighten the immigration laws, well, who knows~
8/19/2010
labor vs. Liberal
well, the big show will come on this Saturday, and technically, i have nothing to do with it. because i have no rights to vote. but this event does have some impact on me. both parties have some points about the international students which i do not know yet. well, we will see.
today, i bought a new hardware, from officework. 1 TB for 95D, I thought it was cheap. i can copy so many movies into it. but it has the external power which i do not like.
tonight, or maybe i should say some minites ago, i went to school for the "Accounting Beyond" careers expo, well there are some exhibitors there, but it seems i have no chance of that, because almost all the companies needs the employees have a PR or citizens. well, i have none. so, maybe the it is easy for me to get a job after i get a PR. wish me luck.
next, i need to work the assignment of MGX5440, come on~~~
today, i bought a new hardware, from officework. 1 TB for 95D, I thought it was cheap. i can copy so many movies into it. but it has the external power which i do not like.
tonight, or maybe i should say some minites ago, i went to school for the "Accounting Beyond" careers expo, well there are some exhibitors there, but it seems i have no chance of that, because almost all the companies needs the employees have a PR or citizens. well, i have none. so, maybe the it is easy for me to get a job after i get a PR. wish me luck.
next, i need to work the assignment of MGX5440, come on~~~
8/15/2010
NIKE,assignment for MCD2040: MANAGEMENT 1: Managing People and Organisations
1. Executive Summary
Sustainability is becoming a hot topic in recent years. It requires that when managers are making decisions, financial profit is no longer the only thing to be focus, but also needs to concern about the effects on environment and social community.
Nike is a famous sports clothes and equipment supplier in the world, its famous products includes Air Force 1, Jordan and so on. It has very good financial performances in recent years. But it also faces some problems with environment and human rights, such as industry pollution and sweatshop. In this report, it will analyse Nike’s background and situation, then find out how to maximise the benefits of a focus on sustainability. It will discuss this issue from planning and organising aspect. And during the discussing, it finds that Nike has some opportunities to improve its performance in planning and organising aspect. At the end of this report, five recommendations will be given about how to maximise its benefits of a focus on sustainability.
The main sources of information contained in this report are from textbook (Management, Robbins et al), Internet and some academic journals. Also some information from other books and some are from Nike’s annual reports.
Sustainability is becoming a hot topic in recent years. It requires that when managers are making decisions, financial profit is no longer the only thing to be focus, but also needs to concern about the effects on environment and social community.
Nike is a famous sports clothes and equipment supplier in the world, its famous products includes Air Force 1, Jordan and so on. It has very good financial performances in recent years. But it also faces some problems with environment and human rights, such as industry pollution and sweatshop. In this report, it will analyse Nike’s background and situation, then find out how to maximise the benefits of a focus on sustainability. It will discuss this issue from planning and organising aspect. And during the discussing, it finds that Nike has some opportunities to improve its performance in planning and organising aspect. At the end of this report, five recommendations will be given about how to maximise its benefits of a focus on sustainability.
The main sources of information contained in this report are from textbook (Management, Robbins et al), Internet and some academic journals. Also some information from other books and some are from Nike’s annual reports.
Adelaide Football Club-assignment for MCD2050
i posted all the VU assignments which i have done, here are the assignment for MONASH college. So far, i still don't know the really different between college and university...anyway...it doesn't matter for me...
i had a haircut some days ago, well too short for me...whatever...
Executive Summary
Adelaide Football Club (AFC) is a famous club in Australia, it plays games in AFL and other matches. It provides high-level matches for its customers (fans), so that satisfies customers’ needs. Although there are some micro and macro environment factors affect AFC, it still runs well in the recent years. Also AFC segments its market in two ways, by geography and by age, and it helps AFC runs more efficiency and effective.
Introduction
Adelaide Football Club (AFC) is a famous football club in Australia. It established in late 1990, competes in the Australian Football League. Based at AAMI Stadium in the South Australian capital of Adelaide, the club has won two premierships in 1997 and 1998. The official colours are navy blue, red and gold. So far the club has two offices, one is in Adelaide, and the other in Melbourne. (AFC, 2009) As a football club, its main product is not physical object, but is the performance of the players in each match. Through their outstanding performance, the club can attract more fans and sponsors, so that the club can get more benefits. In the rest of this report, it will review the appropriateness of its product by analysing market environment, type of product and target segment.
i had a haircut some days ago, well too short for me...whatever...
Executive Summary
Adelaide Football Club (AFC) is a famous club in Australia, it plays games in AFL and other matches. It provides high-level matches for its customers (fans), so that satisfies customers’ needs. Although there are some micro and macro environment factors affect AFC, it still runs well in the recent years. Also AFC segments its market in two ways, by geography and by age, and it helps AFC runs more efficiency and effective.
Introduction
Adelaide Football Club (AFC) is a famous football club in Australia. It established in late 1990, competes in the Australian Football League. Based at AAMI Stadium in the South Australian capital of Adelaide, the club has won two premierships in 1997 and 1998. The official colours are navy blue, red and gold. So far the club has two offices, one is in Adelaide, and the other in Melbourne. (AFC, 2009) As a football club, its main product is not physical object, but is the performance of the players in each match. Through their outstanding performance, the club can attract more fans and sponsors, so that the club can get more benefits. In the rest of this report, it will review the appropriateness of its product by analysing market environment, type of product and target segment.
8/13/2010
Journals of BHO3473 (2)
here are another 6 Journals of BHO3473, a little similar as the last one.
JOUNRAL 1
I am setting two goals now. First of all, I hope that I will lose weight in the nearest three months. Secondly, I want to find a part-time job.
For my first goal, I did not achieve it in the past because of lazy. Firstly, I cannot withstand tempting food, such as, biscuits and chocolate. Secondly, I got up at 12:00 am, when I did not have the class. Therefore, I had a ruleless meal everyday. Thirdly, when I was hungry, I did not want to cook. So I ate a lot of unhealthy food which is easy to induce fat, such as, KFC and pizza. After eating, I prefer staying in bed and playing computer to doing the sports. As a result, I gather flesh.
At present, I am 55 kilograms. My aim is losing my weight up to 50 kilograms. I design a plan to solve the problem of fat. At the beginning, I will get up earlier than before. (7:30am) Then, I will do some sports becomingly every week, such as, yoga (twice a week), swimming (when I have a time) and running (four times a week). As well as, I will have a jog with my housemate after dinner. (About 2 hours three times a week) I live in Box Hill South which is near Box Hill market. We can jog there about 50 minutes and buy some vegetable and meat .Then walk back home. In addition, I should have a healthy diet. I should eat more vegetable, fruit, meat and rice, instead of biscuits, chocolate, KFC and pizza. I also should have a regular meal. At 8:00 am for breakfast, I should eat some bread and eggs and drink milk, because beginning of one day, breakfast is more important. At 12:30 am for lunch, I should eat some rice, vegetable, meat and fruit. At 19:00 pm, I just eat a little fruit and vegetable, because digest is slowly in the night and eating too much in the dinner is bad for heart.
JOUNRAL 1
I am setting two goals now. First of all, I hope that I will lose weight in the nearest three months. Secondly, I want to find a part-time job.
For my first goal, I did not achieve it in the past because of lazy. Firstly, I cannot withstand tempting food, such as, biscuits and chocolate. Secondly, I got up at 12:00 am, when I did not have the class. Therefore, I had a ruleless meal everyday. Thirdly, when I was hungry, I did not want to cook. So I ate a lot of unhealthy food which is easy to induce fat, such as, KFC and pizza. After eating, I prefer staying in bed and playing computer to doing the sports. As a result, I gather flesh.
At present, I am 55 kilograms. My aim is losing my weight up to 50 kilograms. I design a plan to solve the problem of fat. At the beginning, I will get up earlier than before. (7:30am) Then, I will do some sports becomingly every week, such as, yoga (twice a week), swimming (when I have a time) and running (four times a week). As well as, I will have a jog with my housemate after dinner. (About 2 hours three times a week) I live in Box Hill South which is near Box Hill market. We can jog there about 50 minutes and buy some vegetable and meat .Then walk back home. In addition, I should have a healthy diet. I should eat more vegetable, fruit, meat and rice, instead of biscuits, chocolate, KFC and pizza. I also should have a regular meal. At 8:00 am for breakfast, I should eat some bread and eggs and drink milk, because beginning of one day, breakfast is more important. At 12:30 am for lunch, I should eat some rice, vegetable, meat and fruit. At 19:00 pm, I just eat a little fruit and vegetable, because digest is slowly in the night and eating too much in the dinner is bad for heart.
Journals of BHO3473 (1)
I wrote totally 6 journals:
JOURNAL 1:
During the long summer holiday, I have two goals to make the holiday more interesting and fantastic. Firstly, I want to learn MYOB by myself. Secondly, I have a plan to travel to Gold Coast after the summer course, and all the expenditure is from the income of my part time job.
For the first goal, I did not learn MYOB before because I haven’t had enough knowledge to learn it. My major is accounting, so learning how to be an accountant is the final goal of my university life. MYOB is a practical software, and in the past time I have been learning the theory of accounting, such as Accounting Information System, Financial Accounting. By the last semester, I have learned all the necessary knowledge required by MYOB. For these reasons, this summer I have the capability to learn MYOB and I have determination to make it.
So far, I have got the textbook and installation program of MYOB. After installing MYOB into my computer, I can learn how to use it following the textbook step by step.
JOURNAL 1:
During the long summer holiday, I have two goals to make the holiday more interesting and fantastic. Firstly, I want to learn MYOB by myself. Secondly, I have a plan to travel to Gold Coast after the summer course, and all the expenditure is from the income of my part time job.
For the first goal, I did not learn MYOB before because I haven’t had enough knowledge to learn it. My major is accounting, so learning how to be an accountant is the final goal of my university life. MYOB is a practical software, and in the past time I have been learning the theory of accounting, such as Accounting Information System, Financial Accounting. By the last semester, I have learned all the necessary knowledge required by MYOB. For these reasons, this summer I have the capability to learn MYOB and I have determination to make it.
So far, I have got the textbook and installation program of MYOB. After installing MYOB into my computer, I can learn how to use it following the textbook step by step.
BHO3473 (2)
this one is about the presentation, this was a group presentation, it worthed 10 marks, i thought. but we got 3 out 10 marks, so low. all the Chinese Groups got very low marks. I heared that, the method waw wrong, so we got that low marks.
here is the design paper:
OBJECTIVE: The topic of the presentation is non-verbal communication. After our presentation, the audiences will understand the concept of non-verbal communication well.
TEACHING MODE: Several teaching modes will be used during the presentation.
Lecture: To give the audiences the outline of the non-verbal communication, we will talk about some conceptions first, such as verbal communication, non-verbal communication and so on.
Role-play: In this part, the audience will be a part of our presentation and make the presentation livelier.
Quiz and game: In this part, it will check to what extent the audience know the non-verbal communication.
here is the design paper:
OBJECTIVE: The topic of the presentation is non-verbal communication. After our presentation, the audiences will understand the concept of non-verbal communication well.
TEACHING MODE: Several teaching modes will be used during the presentation.
Lecture: To give the audiences the outline of the non-verbal communication, we will talk about some conceptions first, such as verbal communication, non-verbal communication and so on.
Role-play: In this part, the audience will be a part of our presentation and make the presentation livelier.
Quiz and game: In this part, it will check to what extent the audience know the non-verbal communication.
BHO3473-HUMAN RELATIONS
this is the last one of VU's assignments. to be honest, i did not like this unit. i learned it in the summer school, and i thought 80 people were there to learn this unit. the structure was a little different in summer compared with the normal teaching period. everyday, the lecturer gave us some questions, and the after that, we need to hand it in. but in the normal teaching period, no this kind of assessment. and we need to write a lof of journals which i did not like...well...bad memory...
before i start, i receved the comfirm letter from the teacher, thanks godness.
OK, here we go~
here are three sample final eassy:
SAMPLE 1
Abstract
In this report, it describes a story between my friend Rex and me. In this story, it shows how our relationship changed from beginning to the end. We used to be good friends, but something happened between us, and made us both unhappy. In this report, it also discusses some problems we met, and then shows why these problems confuse us and what should I do to fix these problems. Meantime some theories learned from Human Relations will be applied to analyses these practical problems. Three key components will be discussed in the report, conflict management, I statement vs. U statement and how to deal with angry. These three problems made us feel unhappy with each other, and we fell apart from each other gradually. All of the problems happened to us were very common in the daily life, but I did not handle it well. So these made the relationship between us changed. At the end of essay, some guidelines are applied to avoid future deterioration.
before i start, i receved the comfirm letter from the teacher, thanks godness.
OK, here we go~
here are three sample final eassy:
SAMPLE 1
Abstract
In this report, it describes a story between my friend Rex and me. In this story, it shows how our relationship changed from beginning to the end. We used to be good friends, but something happened between us, and made us both unhappy. In this report, it also discusses some problems we met, and then shows why these problems confuse us and what should I do to fix these problems. Meantime some theories learned from Human Relations will be applied to analyses these practical problems. Three key components will be discussed in the report, conflict management, I statement vs. U statement and how to deal with angry. These three problems made us feel unhappy with each other, and we fell apart from each other gradually. All of the problems happened to us were very common in the daily life, but I did not handle it well. So these made the relationship between us changed. At the end of essay, some guidelines are applied to avoid future deterioration.
8/12/2010
this semester~~
three weeks have passed after first day of this semester, i really hope this is my last semester.
just two units in this semester-MGX5440 and MGX5870.
some days ago, i handed in my take home exam of BTX5090. i think it is very similar to the last year's. but after i emailed it to the teacher, i still not get the reply from her. i hope she did receive it.
about MGX5870, i just finished the first assignment of it. it taught using a software, i can not recall the name, but i think it called Vesium or something similar. some friends told me MGX5870 is an easy unit. well i don't know, because i just learn a little about it.
the teacher of MGX5440 is the same teacher of MGX9230-Jeffrey, he is a good teacher. but i can not search the details of him. but i did find a lot details of the other teachers on MONASH website.LOL. MGX5440 is about public sector financial management, and so far, it is talking about the budget. two assessments in this unit, first one is due on week 6 and 1000 words, the second one is 2000 words, and last one is a group presentation included a report.
just two units in this semester-MGX5440 and MGX5870.
some days ago, i handed in my take home exam of BTX5090. i think it is very similar to the last year's. but after i emailed it to the teacher, i still not get the reply from her. i hope she did receive it.
about MGX5870, i just finished the first assignment of it. it taught using a software, i can not recall the name, but i think it called Vesium or something similar. some friends told me MGX5870 is an easy unit. well i don't know, because i just learn a little about it.
the teacher of MGX5440 is the same teacher of MGX9230-Jeffrey, he is a good teacher. but i can not search the details of him. but i did find a lot details of the other teachers on MONASH website.LOL. MGX5440 is about public sector financial management, and so far, it is talking about the budget. two assessments in this unit, first one is due on week 6 and 1000 words, the second one is 2000 words, and last one is a group presentation included a report.
8/02/2010
sample essay of BEO2263: Macroeconomic Analysis:
well, this is an esay unit, i thought. the assignment was essay.
Question:
Task: Whilst the world wide recession which commenced during 2007-2008 originated outside Australia, Australia cannot escape it. Briefly analyze the means by which the recession spread to Australia, and what steps Australia can take to mitigate it.
SAMPLE:
Introduction:
Many industrialized countries suffer from a deep recession which was affected by financial crisis during the period of 2007 to 2009. The global financial crisis commenced when credit risk was perceived in the general economy, especially the United States. The recession spread to the whole world, Australia is no exception. In the follow paragraphs, the analysis of the recession in Australia and the measure of decrease effect will be present.
Part A-Global financial crisis:
At the beginning of July 2007, when the investors lost faith in stock market, a liquidity crisis created the financial recession. Between 2000 and 2002, the stock bubble collapsed, which means a loss of confidence by investors in the value of securitized mortgages. Credit risk in the general economy increased and remained volatile in July 2007 and went on going up in September 2008, in which stock markets worldwide crashed and high volatility and a considerable number of banks, mortgage lenders and insurance companies failed.
The financial crisis origin in the reckless, sub-prime lending, which collapse of bubble affected the housing market showed up. Like American Enterprise Institute fellowed Peter J. Wallison, believed the roots of the crisis can be traced directly to sub-prime lending by Fannie Mae and Freddie Mac, which are government sponsored entities. On 30 September 1999, The New York Times reported that the Clinton Administration pushed for sub-prime lending: "Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people." Housing collapse caused the crisis and the financial system was vulnerable because of intricate and highly-leveraged financial contracts and operations. When the share and housing price declined, many large and well establish investment and commercial bank suffered loss even bankruptcy, and then need financial assistance.
Question:
Task: Whilst the world wide recession which commenced during 2007-2008 originated outside Australia, Australia cannot escape it. Briefly analyze the means by which the recession spread to Australia, and what steps Australia can take to mitigate it.
SAMPLE:
Introduction:
Many industrialized countries suffer from a deep recession which was affected by financial crisis during the period of 2007 to 2009. The global financial crisis commenced when credit risk was perceived in the general economy, especially the United States. The recession spread to the whole world, Australia is no exception. In the follow paragraphs, the analysis of the recession in Australia and the measure of decrease effect will be present.
Part A-Global financial crisis:
At the beginning of July 2007, when the investors lost faith in stock market, a liquidity crisis created the financial recession. Between 2000 and 2002, the stock bubble collapsed, which means a loss of confidence by investors in the value of securitized mortgages. Credit risk in the general economy increased and remained volatile in July 2007 and went on going up in September 2008, in which stock markets worldwide crashed and high volatility and a considerable number of banks, mortgage lenders and insurance companies failed.
The financial crisis origin in the reckless, sub-prime lending, which collapse of bubble affected the housing market showed up. Like American Enterprise Institute fellowed Peter J. Wallison, believed the roots of the crisis can be traced directly to sub-prime lending by Fannie Mae and Freddie Mac, which are government sponsored entities. On 30 September 1999, The New York Times reported that the Clinton Administration pushed for sub-prime lending: "Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people." Housing collapse caused the crisis and the financial system was vulnerable because of intricate and highly-leveraged financial contracts and operations. When the share and housing price declined, many large and well establish investment and commercial bank suffered loss even bankruptcy, and then need financial assistance.
sample essay of BAO3306 Auditing
a lot of students fell that auditing is hard, but i really think it is a funny unit. i am not sure it is a useful unit, but it still fun.
OK, the questions of the assignment:
Background
Solace Limited (Solace) is a listed Australian company specialising in private tutoring services. Samantha Solace, a former school teacher who felt the Australian marketplace lacked high quality, low priced tutoring services, originally founded Solace. Samantha initially started providing private tutoring at home. She worked for a few years until the business took off and Samantha had to lease new premises and moved her operations there to keep up with the increasing demands.
Solace was incorporated in 2002 and listed on the Australian Stock Exchange in 2007. Since listing, profits for the company have been fluctuating, but Samantha feels as if they have a promising future as the market penetration of Solace improves. Since incorporation, Samantha has been the Chairperson and the CEO of Solace. Samantha remains closely involved in the day-to-day running of the business, taking a hands-on approach to the running and marketing of her tutoring services. Samantha personally oversees all of Solace’s operations. She frequently travels interstates as well as around south-east Asia to search for new opportunities as well as improving the current services offered by Solace. All the tutoring services are accredited and Solace is a member of the Australian Council for Private Education and Training (ACPET).
Over the past three years, Samantha has filled senior management positions at Solace by recruiting highly regarded managers from competing service providers (both local and overseas firms). In order to obtain these high-quality staff members, Samantha has had to offer attractive salary packages including a share option plan that is tied to a variety of financial performance benchmarks and share price. Despite the high cost of recruiting these senior managers, Samantha is happy as they all have good records of providing highly competent and ethical leadership.
In addition to providing tutoring services from Prep to Year 12, Solace also involves in real estate business. Solace’s philosophy is to initially lease premises to set up classrooms to cater for local students. Once the business grows, Solace offers to purchase the premises from the owner. The purchased premises are then demolished, developed or renovated to service the local population.
Solace’s current focus is to penetrate the Australian marketplace and achieve a market share of at least 30%. In an effort to strengthen its position and further build brand awareness, Solace plans to acquire other, smaller service providers that would fit with Solace’s current range of services.
Until 2008, Solace was audited by a small accounting firm which Samantha had always used for her personal tax and accounting affairs. However, Samantha felt that the small firm would not have enough experience for a listed company, so in early 2008 she approached Brian Shaun, an audit partner of BWE, a mid-size chartered accounting firm.
For the 2009 audit, BWE has appointed Brian Shaun as the audit partner due to his experience in the education sector. Brian currently has three other clients in this sector and was a school teacher himself until he became a registered company auditor. Brian has over 20 years experience as a chartered accountant and has had clients in this sector for the past 7 years. Since BWE took over the audit, there have been no problems with the audit.
OK, the questions of the assignment:
Background
Solace Limited (Solace) is a listed Australian company specialising in private tutoring services. Samantha Solace, a former school teacher who felt the Australian marketplace lacked high quality, low priced tutoring services, originally founded Solace. Samantha initially started providing private tutoring at home. She worked for a few years until the business took off and Samantha had to lease new premises and moved her operations there to keep up with the increasing demands.
Solace was incorporated in 2002 and listed on the Australian Stock Exchange in 2007. Since listing, profits for the company have been fluctuating, but Samantha feels as if they have a promising future as the market penetration of Solace improves. Since incorporation, Samantha has been the Chairperson and the CEO of Solace. Samantha remains closely involved in the day-to-day running of the business, taking a hands-on approach to the running and marketing of her tutoring services. Samantha personally oversees all of Solace’s operations. She frequently travels interstates as well as around south-east Asia to search for new opportunities as well as improving the current services offered by Solace. All the tutoring services are accredited and Solace is a member of the Australian Council for Private Education and Training (ACPET).
Over the past three years, Samantha has filled senior management positions at Solace by recruiting highly regarded managers from competing service providers (both local and overseas firms). In order to obtain these high-quality staff members, Samantha has had to offer attractive salary packages including a share option plan that is tied to a variety of financial performance benchmarks and share price. Despite the high cost of recruiting these senior managers, Samantha is happy as they all have good records of providing highly competent and ethical leadership.
In addition to providing tutoring services from Prep to Year 12, Solace also involves in real estate business. Solace’s philosophy is to initially lease premises to set up classrooms to cater for local students. Once the business grows, Solace offers to purchase the premises from the owner. The purchased premises are then demolished, developed or renovated to service the local population.
Solace’s current focus is to penetrate the Australian marketplace and achieve a market share of at least 30%. In an effort to strengthen its position and further build brand awareness, Solace plans to acquire other, smaller service providers that would fit with Solace’s current range of services.
Until 2008, Solace was audited by a small accounting firm which Samantha had always used for her personal tax and accounting affairs. However, Samantha felt that the small firm would not have enough experience for a listed company, so in early 2008 she approached Brian Shaun, an audit partner of BWE, a mid-size chartered accounting firm.
For the 2009 audit, BWE has appointed Brian Shaun as the audit partner due to his experience in the education sector. Brian currently has three other clients in this sector and was a school teacher himself until he became a registered company auditor. Brian has over 20 years experience as a chartered accountant and has had clients in this sector for the past 7 years. Since BWE took over the audit, there have been no problems with the audit.
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