Question

7) What aspects of legislation can impact upon financial transactions and reporting? (80–100 words) 8)How can...

7) What aspects of legislation can impact upon financial transactions and reporting? (80–100 words)

8)How can policies and procedures control spending? (80–100 words)

Homework Answers

Answer #1

7) Today, businesses operate in a regulatory-intensive environment. The regulatory

requirements represent huge challenges for many organizations. For example, regulation may

require that an organization reevaluate its resource needs, skill sets and also assess the overall

impact of the legislation on the organization. To study the impact of legislation on

organizations, it is critical to first understand the concept of the organization i.e., the structure of

the organization, how it responds to stimuli and how it adapts to ensure its survival.

8) Financial policies and procedures actually guide operations and also lay out how the organisation Manages and uses its money.A manual for financial procedures normally brings these together as one document.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What aspects of legislation can impact upon financial transactions and reporting? (Plz type up ur answer)
What aspects of legislation can impact upon financial transactions and reporting? (Plz type up ur answer)
4) When you are reconciling transactions, what can you use as proof of lodgement? (100–120 words)...
4) When you are reconciling transactions, what can you use as proof of lodgement? (100–120 words) 5) List and describe (50–80 words) five types of special transactions.
What aspects of this course can you apply to your work responsibilities? How might the ability...
What aspects of this course can you apply to your work responsibilities? How might the ability to construct a solid credible argument be useful in your career? Please aim for min. 100 words long post.
How do bivariate statistics expand upon univariate statistics? In other words, what can bivariate statistics tell...
How do bivariate statistics expand upon univariate statistics? In other words, what can bivariate statistics tell us that univariate statistics cannot?
What policy alternatives are possible? How many immigrants can the EU accept? (answer in 100 words)
What policy alternatives are possible? How many immigrants can the EU accept? (answer in 100 words)
What is a milestone? Describe (100 to 120 words) how milestones can be linked to performance...
What is a milestone? Describe (100 to 120 words) how milestones can be linked to performance management.(Please answer in Australian Accounting Environment and please type up your answer)
Inaccurate and unreliable information can spell financial disaster for businesses and persons who use this information...
Inaccurate and unreliable information can spell financial disaster for businesses and persons who use this information for decision-making purposes. From the standpoint of a business, accurate and reliable information is necessary in order for a potential investor to have when they are considering investing with the company. If the information is not accurate and reliable, this will potentially harm the investor. Inaccurate financial information may be due to the incompetence of the accountant who prepared the financial statements or due...
7.Describe in your own words how one determines formal charge using dot structures? 8.What is the...
7.Describe in your own words how one determines formal charge using dot structures? 8.What is the specific heat of a substance that it takes 192 Joules to raise the temperature of 45 grams by 6 degrees Celsius? 9.Name one condition whereas a gas does not behave in an ideal way.
Question 1 If dividends are declared after the reporting period but before the financial statements are...
Question 1 If dividends are declared after the reporting period but before the financial statements are authorised for issue, the dividends are __________as a liability at the end of the reporting period because no obligation exists at that time. Such dividends are disclosed in the notes in accordance with AASB 101 Presentation of Financial Statements (AASB 110). not recognised recognised authorised not authorised 2 points Question 2 A share option will give the holder the right to acquire shares at...
The following are not business combination transactions of entities under common control The parent company exchanges...
The following are not business combination transactions of entities under common control The parent company exchanges its ownership in a portion of the net assets of its subsidiary for additional shares issued by another subsidiary. The parent company transfers a portion of the net assets of its subsidiary to the assets of the parent The parent company purchases the net assets or part of the ownership rights of non-controlling shareholders The parent company transfers part of its ownership rights in...