Finance Assignment Sample
Q1:
Answer :|
|
Examples |
Explain their purpose |
|
Australian legislation – provide one example |
Australian legislation – Corporations Act 2001 |
Ensures companies operate lawfully and transparently in financial dealings and reporting. |
|
Australian convention – provide one example |
Australian convention – Australian Accounting Standards Board (AASB) guidelines |
Provides principles for financial reporting to maintain consistency across entities. |
|
International legislation – provide one example |
International legislation – Sarbanes-Oxley Act (U.S.) |
Ensures accuracy and integrity in financial reporting for companies listed in the U.S. |
|
International convention – provide one example |
International convention – International Financial Reporting Standards (IFRS) |
Promotes consistency and comparability in financial statements globally. |
|
Victorian legislation – provide one example |
Victorian legislation – Financial Management Act 1994 |
Manages government financial operations, aiming for accountability and transparency. |
|
Victorian convention – provide one example |
Victorian convention – Victorian Government Purchasing Board (VGPB) policies |
Ensures public sector procurement is fair, ethical, and transparent. |
Q1: Give three (3) examples of possible considerations in the formulation of a health, safety and security policy and procedure for ‘evacuation of staff and customers’.
Answer :Considerations for Evacuation of Staff and Customers
Designated Evacuation Routes: Clearly mark and maintain designated evacuation routes that are accessible and unobstructed at all times. Ensure that these routes are regularly inspected and updated as necessary to accommodate changes in the workplace layout.
Assembly Points: Identify safe assembly points outside the building where staff and customers can gather after evacuation. These points should be easily accessible and located away from potential hazards, allowing for headcounts to ensure everyone is accounted for.
Special Needs Considerations: Take into account the needs of individuals with disabilities or other special requirements during evacuations. This includes providing assistance or alternative evacuation methods to ensure their safety during an emergency
Q1: What are three (3) examples of information contained in a WHS ‘training undertaken’ record?
Answer :Examples of Information Contained in a WHS ‘Training Undertaken’ Record
Employee Details: This section includes the name, job title, and department of the employee who underwent training, ensuring accurate identification of participants.
Training Date and Duration: Records should specify the date(s) when the training took place and the total duration of the training session, providing a timeline for compliance and refresher training needs.
Training Content and Competency Outcomes: This includes a description of the training topics covered, along with any assessments or evaluations conducted to determine the employee's understanding and competency in the subject matter.