BUSS1030 Lecture Notes - Lecture 1: Household Debt, Cash Flow Statement, Cash Cash
4 Mar 2019
School
Department
Course
Professor
Document Summary
No cash/liquidity, cannot pay back loans in cash. Bad credit (everyone has a credit file that businesses can access) Stakeholders (people who are just interested in the business) Auditor (should be external, but most businesses also have internal auditors) Internal user = can influence the decisions made, influence cost/budget/ pricing (employee e. g. ceo/cfo/accountants/managers/internal auditor) Corporations act (book of laws enforced by asic) Asx = australian security exchange (some info: sanitarium is a private company. Only public companies are listed in asx. Pay dividends (not compulsory) - money paid by company to shareholders (reserves) When company issues share, its asking for money. Icaa/cpa very powerful and can affect principles or stuff passed. Apra (australian prudential regulation authority) - looks after financial institutions (e. g. banks. Banking commission (aus banks making profit above 1 billion, so complain unethical, Commonwealth & nab did dodgy shit- shareholders benefit from profit, charge dead people money) > finished (charged for deceptive conduct for executives)
