banking sector‚ Australia and New Zealand Banking Group Limited (ANZ) was chosen. |Dividend (in cents) | |2004 |2005 |2006 |2007 |2008 |2009 |2010 | (data from http://www.aspecthuntley.com.au.ezproxy-f.deakin.edu.au/af/company/dividendspay?ASXCode=ANZ&xtm-licensee=finanalysis Accessed on 13th August 2011) For Media
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(exacerbated by Credit Union advertisements etc). By making this voluntary disclosure to the public‚ ANZ is trying to "win over" customers by showing their concerns for the community. This is an example of Positive Accounting Theory (PAT) - a theory which attempts to explain and predict how groups in an organisation (eg. management‚ owners‚ creditors; stakeholders) will interact with one another. In this case‚ ANZ has made a voluntary social disclosure to the public (ie. its customers) in order to "soften
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In our mixed economy‚ there is a need for regulation and intervention on interest rates and the general level of economic activity. Australia’s current healthy economy has been developed partly through the functions of the Reserve Bank of Australia (RBA). Their functions include; conducting monetary policy‚ acting as a banker to the government‚ settling transactions between banks‚ and ensuring financial stability. The priority function of the RBA is conducting monetary policy. It is an action designed
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Question 1 a) Select two companies where inadequate internal control have resulted in disastrous effects on the organisation or exposed it to heavy losses. Research the facts of the failure and report on the facts and the losses suffered. In your report‚ include suggestions for changes to operations (internal controls) that could have prevented the final outcome. Where could you find a list of these internal controls and how are they documented? Examples of companies include: Coles Myer
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Ethical Dilemma In this case‚ we observed the four big banks in Australia – ANZ‚ Commonwealth‚ NAB and Westpac in relation to their profitability‚ fees and charges‚ as well as their decision to raise the interest rates beyond the changes by the Reserve Bank of Australia (RBA). In addition‚ the corporate social responsibility of banks has become a central issue in the public debate around the Global Financial Crisis (GFC). I believe banks do have social responsibility because of their special
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WP/12/25 Bank Capital Adequacy in Australia Byung Kyoon Jang and Niamh Sheridan © International Monetary Fund IMF Working Paper Asia and Pacific Department Bank Capital Adequacy in Australia Prepared by Byung Kyoon Jang and Niamh Sheridan1 Authorized for distribution by Ray Brooks January 2012 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the authors and do not necessarily represent those
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Accounting & Finance Faculty FNS10 Financial Services FNSACC506A Implement and Manage Internal Controls Semester 1 2014 ASSESSMENT TITLE Assessment 1 – Assignment 1 ASSESSMENT CONDITIONS/INSTRUCTIONS Take home assignment – Questions and Research Aids to be supplied by college: None. Aids to be supplied by student: None Prescribed Text book(s) Standard Dictionaries Bilingual Dictionaries Technical Dictionaries Programmable Calculators Non-programmable Calculators
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Student Name: Dan Kaltz ------------------------------------------------- Date: 10th May 2013 Porter ’s 5 Forces Analysis of the Retail Banking Industry in Australia Retail banking can be defined as an industry where financial institutions offer mass market banking in which individual customers use local branches of larger commercial banks. Services offered include savings and checking accounts‚ mortgages‚ personal loans‚ debit/credit cards. Retail banking aims to be the one-stop shop for
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Executive summary Westpac as the oldest financial institution in Australia operate their business widely. The company expands their core markets of Australia‚ New Zealand and Pacific around them‚ where provide a wide range of products and services that meet the needs of customers. Until now‚ the number of customer members arrived at 12 million customers. It is clear that Westpac would increase the position in financial market. Table of Content Executive summary 1 1. History 3 1.1 Acquisitions and
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Introduction: This report is concerned with situational analysis in CBA. This analysis is important part of marketing plan. All business needs to take action which helps them keep good position on the market. Before taken any action analysis has to be made. Answers and data which were obtained during analysis can help chose strategies‚ which help achieve objectives. At the beginning will be presented brief history of CBA. The Commonwealth Bank of Australia (CBA) supports sector with their following
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