Management Assignment Sample

Sample 1

Q1:

Answer :

	Examples	Explain their purpose
Australian legislation – provide one example	Corporations Act 2001 (Cth)	Regulates corporate governance, financial reporting, and director responsibilities.
Australian convention – provide one example	Australian Accounting Standards Board (AASB) standards	Provides guidelines on financial reporting to ensure consistency and reliability.
International legislation – provide one example	Sarbanes-Oxley Act (USA)	Enhances corporate governance, financial disclosures, and protects investors from fraud.
International convention – provide one example	International Financial Reporting Standards (IFRS)	Ensures global consistency in financial reporting and enhances transparency.
Victorian legislation – provide one example	Financial Management Act 1994 (Vic)	Governs financial accountability and reporting for Victorian public sector entities.
Victorian convention – provide one example	Victorian Government Purchasing Board (VGPB) policies	Provides guidelines on financial probity and ethical procurement practices.