The First Challenge For Australian Foreign Policy

The first challenge for Australian foreign policy is to maximize the economic and security opportunities by maintaining their relationship with Indonesia and ASEAN. In the case with Indonesia, Indonesia is one of Australia’s closest friends as the two countries share strong security and economic system. In terms of politics, Indonesia is essential to Australia because Indonesia plays a key role in the Association of Southeast Asian Nations so a steady relationship with Indonesia is required for a cohesive and productive relationship with ASEAN. Moreover, Indonesia is the most important country in Southeast Asia with one of the most powerful military forces in the region. Therefore, Indonesia already controls and wants to improve its effect over ASEAN. According to researches, Indonesian motives for improving its role as regional peacekeeper have been revealed in recent perspectives by the general of the Indonesia’s military, who stated, Indonesian motives of playing a à ¢â‚¬Ëœbig brother’ role with the respect to security in ASEAN and in the region (Tiernan, 2007). Meanwhile, Australia has recognized the significance of ASEAN in assuring Australia’s foreign regional and domestic security. There are certain institutions such as the East Asia Summit and ASEAN Regional Forum (Harvey, 2015). In recent years, Australia has worked robustly with the EAS to ensure its security and interests are protected. In return, the EAS has not only supported in regional security but it also hasShow MoreRelatedAustralia: The Foreign Policy of the Hawke-Keating Government1501 Words   |  7 Pages The paradigm shift of Australian foreign policy from reliance on security through ‘‘great and powerful friends’’ towards the formation and strengthening of diplomatic and cultural relations with the Asia-Pacific region began arguably under the Whitlam government and has since become the predominant focus of foreign policy for both major parties. As a result, there exists a latent similarity in the foreign policy of successive Australian governments across the last 40 years that becomes more pronouncedRead MoreBank of China: Chinese Central Bank861 Words   |  4 PagesKong Stock Exchange and Shanghai Stock Exchange in June and July 2006 respectively, becoming the first Chinese commercial bank to launch an A-Share and H-Share initial public offering and achieve a dual listing in both markets. As BOC getting success and large market share in China, they are also expanding their market to overseas. This report is a plan for BOC to expand their business in A ustralian market. In addition, this paper is going to design marketing strategies for BOC through analysis theRead MoreThe Growth Of The Australian Economy1546 Words   |  7 Pagesyears, the Australian economic performance is dominated by economic downturns. Recently, Australia facing two crucial issues in their economy, those are increasing budget deficit and houses affordability. In the long term, those two issues can deteriorates the economy. By increasing budget deficit, it affect to a decrease in living standard because the future generation need to pay more tax for paying the debt. As the housing prices goes higher and significantly overvalued, the Australian economy growthRead MoreWho Is Australia s Most Important Ally Today? Essay1440 Words   |  6 Pagesconsideration a number of factors. Defence, trade, diplomatic and relationships with other countries. This essay will look at why The United States of America (U.S.) is Australia’s strongest Ally. Defence Australia is a British settled colony; nevertheless, Australian forces have fought together with the United States military in every significant conflict since World War I. Australia s US alliance is unquestionably its single most important security relationship. The security relationship between AustraliaRead MoreEssay1043 Words   |  5 Pagesthe housing affordability, first of all, it is crucial to lift the supply of housing as it will release the pressure on the housing price. Nevertheless, the supply of housing is inelastic as it requires an adequate fund, time, approval from the Government. Besides, the housing system is heavily dependent on the private sector. Thus, the Government should provide initiatives for housing providers to shift the supply of houses in the market. Australia would follow the policies from other countries toRead MoreThe Budget Deficit And The Houses Affordability1661 Words   |  7 Pagesthe last three years, the Australian economic performance is dominated by economic downturns. Recently, Australia facing two crucial issues in their economy, those are increasing budget deficit and houses affordability. In the long term, those two issue can deteriorates the economy. By increasing budget deficit, it affect to a decrease in living standard because the future generation need to pay more tax for paying the debt. The government need to overcome new fiscal policy in order to maintain theseRead MoreNt Cattle Exporters Gain Confidence From China1561 Words   |  7 PagesCase Study A suitable alternative title for the case could be: NT cattle exporters gain confidence from China. A recent study (Department of foreign affair and trade, 2014, p.4.) shows that almost half of Australia’s exports came from minerals and fuels with 49.3% in 2013, especially iron and coal. Followed by service exports 17.3 percent and manufacturing exports 12.9 percent. In 2013, two-way trade grew by 3.7% to $647.4 billion. Comprising imports totaling $328.8 billion and exports $318.6Read MoreAustralias Prevalent Air Carriers1353 Words   |  6 PagesQantas Airlines, Ansett, Pacific Blue Airways, Airnorth, and Qantas’ lead competitor Virgin Blue. Qantas is distinctive in that the Group is Australia’s oldest, most recognized, and most on-time carrier. All carriers are facing serious economic challenges from the rising cost of labor and fuel, government regulation, and competition between them. In anticipation for such trials, Qantas CEO Alan Joyce launched a five-year plan in 2011 to restructure Qantas’ domestic and international network in additionRead MoreAustralia and the Great Depression1704 Words   |  7 Pagesbecome one of the hardest hit countries of the depression, why Australias economic policies were inadequate to help the Australian economy recover, and finally look at why Australias large foreign debt caused it to suffer so gravely from the depression. The export based economy was one of the main reasons why Australia was hit so hard during the Great Depression, and was the reason why Australia was the one of the first countries to go into the depression. The main burden is being borne by the growingRead MoreAustralian National Security Statement Analysis Essay3571 Words   |  15 Pagesrobust national security policy. The challenge Australia faces is defining our national security priorities in today’s globalised world and creating a national security architecture for the 21st century that can enable the Australian Intelligence Communities (AIC) to adequately protect Australia and Australian interests. In order to combat the increasing aspects of asymmetric and transnational threats the Australian Government needed to implement a National Security Policy (NSP) that is effective

The Influence of Television in Politics - 2006 Words

The Influence of Television in Politics Kendra Harris Brigham Young University- Idaho Author Note This paper was prepared for Professor Kiersten Lee’s FDENG 201 class. The Influence of Television in Politics â€Å"Americans are the best entertained and quite likely the least-informed people in the Western world.† (Postman, 1984, p. 2) While this statement is painfully ominous, its message is one that has been debated tirelessly since the dawn of technology. The influence of television in politics is one with strong advocates and opponents. There have been many studies and investigations into the effects of technology on the political world, and yet no conclusive evidence has come forth. (Rannay, 1985, p. 3) Despite this, it is no†¦show more content†¦Instead, they just skim over politics, taking in a few stories here and there (mostly the more controversial stories that get more media coverage) and make their decision as to who will be president. Despite the accomplishments of television and the media â€Å"[†¦] their news departments tend to operate as [a] show-business.† (Goodman, 1994, n.p.) Just like in show business , anything slow and detailed is boring in television, and so Americans greedily gobble up light dishes of insignificant facts, leaving the heavier business of issue concerns to others. This â€Å"[†¦] condition is chronic and has become painfully evident in the late political season [†¦] A medium that has shown it can bring information and even ideas effectively to millions is reduced every two years to a tool for stirring up emotions and shutting down minds.† (Goodman, 1994, n.p.) But enough of this depressing business for a moment; let us discuss why we are allowing ourselves to become so politically lazy. The social stigma of a lazy American is common but is not necessarily true. So why do so many Americans allow themselves to be swept up in political frenzy, eventually making bad decisions that lead to bad government? The answer is in the way we think. As Americans become exposed to more and more information the ability to think deeply and comprehensively is los t. In modern times, â€Å"the advantages of having immediate access to such an incredibly rich store of information are many, andShow MoreRelatedThe Influence of Television on American Society and Politics1709 Words   |  7 Pagesnewspapers, televisions and the internet, has any media had enough of an impact to alter the conclusion of a war. As the industry of newspapers and posters started to boom during the Second World War, reporters and media companies began exaggerating the story or even exacerbating the story because this fabrication made money quickly and easily. The lies and exaggerations of the media bring fear and strike panic across the nation. 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While Americans are on the internet, watching television, and listening to the radio or even reading theRead MoreEssay on Mass Medias Political Power967 Words   |  4 PagesMass Medias Political Power There are two main issues regarding media influence in politics 1. Does presentation and coverage affect voting behaviour and choices? 2. Do media have an impact on political struggle and decide nature of debates? Definitions of mass media Mass media are channels of communication through which messages flow, produced by a few for consumption by many people. As the messages go through the channels, they are distortedRead MorePolitics Is A Joke ! Essay1638 Words   |  7 PagesPolitics Is A Joke! Or Is It Really? By: Joshua McCray Dr. Kenneth Mulligan Political Science 314I-950 Paper 2 The book â€Å"Politics is A Joke! How TV Comedians Are Remaking Political Life† written by S. Robert Lichter, Jody C. Baumgartner, and Jonathan S. Morris, describes the influence of late night tv show comedians and their role in modern politics. Conan, The Colbert Report, Saturday Night Live, and many late-night comedy shows exist. These shows have played a major role in American politicsRead MoreThe Media: A Powerful Voice1088 Words   |  4 Pagesinstrument in the political realm. In today’s politics, the media is a necessary part of the campaign process and is undoubtedly a powerful tool for candidates in getting their message to the public and the engine by which public opinion is formed. But just how powerful is the media? Dictionary.com defines the media as, â€Å"The means of communication, as radio and television, newspapers, and magazines that reach or influence people widely.† Media influences daily lives and dictates social norms. 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How exactly does one determine what media is? According to your standard Google search on the definition of the term, media is, â€Å"the main means of mass communication (esp. television, radio, newspapers, and theRead MoreEssay on Impact Of Television in Presidential Coverage1490 Words   |  6 Pages In the 1950s, television, having been introduced to political coverage as a new medium, surpassed the dominance of newspaper and radio media as the primary public source of information regarding politics by 1962. Political processes and events of various measures were all soon televised in recognition of overwhelmingly positive public feedback. By the 1970s, live coverage of major political events were as common as seeing grass on the ground. nbsp;nbsp;nbsp;nbsp;nbsp; Through the impact of

Equipment’s It Invests In Property Market â€Myassignmenthelp.Com

Question: Discuss About The Equipments It Invests In Property Market? Answer: Introducation Accounts receivable refer to the amount that the business organizations expect to receive from their debtors as a result of credit sales. Evaluation: From the case study, it has been seen that the trade receivable official nhas all the required steps related to accounts receivable. For example, in case of medical instrument return by the consumer, the respected official drawn credit notes in favor of the customer after investigating the reasons behind the return and the documentation process. Moreover, officials sent the related journal postings along with receipts to the bank for the preparation of deposit slip. Thus, it can be seen that the risk is high. Audit Risk: The trade relievable has undertaken all the necessary steps related to receivables. The risk involved in this case is that the trade receivable officials might inflate the receivables in order to show lesser amount of receivables (Arens, Elder Mark, 2012). Audit Steps to Reduce Risk: In order to reduce the accounts receivable risk of GPSA, the officials must separate out different actions related to the accounts receivable among the staffs. Investment: Investment refers to a particular amount of money that can be converted into cash within a period of three to twelve months. Thus, it is considered as cash equivalent. Evaluation: Business investment use to influence the whole accounting systems of the companies and this, it needs to be differently treated. Hence, risk related to investments is medium. Audit Risk: Risk in investments arrive when the investments are done without taking into consideration the related risk factors with it. Audit Steps to Reduce Risk: It is needed to inspect the return from investments on a regular basis. Moreover, the investment process, the related investment trends needs to be analyzed. Property Assets and Resources: The accounts associated with this are considered as fixed assets and the depreciation related with the fixed assets. Evaluation: The ineffective registration of fixed assets and ineffective calculation of depreciation can negatively affect the financial statements of the companies. Thus, the risk is high associated with property assets and resources (Vona, 2012). Audit Risk: Audit risk can be arrived in case the accounts do not differentiate the utilization of resources for more than 180 days and less than 180 days and they do not record this effectively. Audit Steps to Reduce Risk: It is needed to maintain the ledger of these accounts properly in order to bring coordination between purchase and sales. In addition, the amount of impairment also needs to be evaluated. Intangible Assets: The major accounts related with intangible assets are goodwill, patents, copyright and others. Evaluation: The thorough examination of intangible assets is required in order to determine the value and recognition mode. The definite or indefinite life period of them needs to be determined. Thus, risk related to these assets is high. Audit Risk: It is difficult to ascertain the fair value of intangible assets as they do not have any physical existence. Apart from this, variance can be seen between the acquirement cost and fair value of intangible assets (William Jr, Glover Prawitt, 2016). Audit Steps to Reduce Risk: The professionals need to determine the fair value of the intangible assets. Audit risk can be reduced by implementing control over the process to determine the fair value of the intangible assets. Capitalization of Firms Research and Development: It can be seen that GPSA research activities were not growing and thus, it is possible that both the profit and loss accounts are debited. Evaluation: A very thin gap can be seen between the successful and unsuccessful research. Ineffective recognition can lead to high risk as the research processes include high amount of money. Audit Risk: Inherent audit risks can be seen in case of unsuccessful research processes. Furthermore, it is difficult to mention the specific amount of money related with the research process (Ashley-Smith, 2013). Audit Steps to Reduce Risk: It is needed to properly examine all the ledger accounts related with these researches. In addition, it is needed to carry out a marker research before involving in any kinds of research activities. The evaluation of major ratios is discussed below: Return on Equity: In case of return of equity, a downward trend can be observed in return on equity of the company as it decreased from 22.7% in 2015 to 7.19% in 2017. It indicates the decreased capacity of the company to generate profit from investments. Thus, major risks can be seen in profitability on equity of the company (Hevert, 2013). Earned Return on Total Assets: In case of return on total assets, a downward trend can also be observed as it decreased from 15.52% in 2015 to 4.86% in 2017. It indicates that the capacity of the company to generate income before tax and to gain tax against resources has reduced. Thus, it is a major risk in the company (Kabajeh, Al Nuaimat Dahmash, 2012). Net Profit Margin Analysis: Declining trend can also be seen in the net profit margin of the company as in dreaded from 17.85% in 2015 to 10.38% in 2017. It shows the reduced capacity of the company to earn profits and leads to the high risk of profitability. This is one of the major financial risks of the companies as the company is failing in the generation of higher net profit (Stahl et al., 2012). Time Earned Ratio Analysis: The capacity of the company to earn interest has decreased as the times earned ratio decreased from 4.10 in 2015 to 1.90 in 2017. It leads to the financial risks as the firm is losing its capacity to earn interest incomes. Days in Accounts Receivable: It can be seen that there has been an increase in the days in accounts receivable from 53.24 in 2015 days to 83.07 in 2017. This aspect increases the bad debt risk of the company for the increase in the chance to not recover the receivables (Michalski, 2013). Current Ratio Analysis: A riding trend can be seen in the current ration of the company. However, it needs to mention that in 2016, the current ratio was 1.80. Thus, the risk of not utilizing the working capital of the company remains high (Babalola Abiola, 2013). Debt to Equity Ratio Analysis: Higher debt to equity ratio that is more than one show the high leverage of the company and it implies that the company is hugely dependent on long-term debts. This aspect increases the financial risk of the companies, as the company has to pay higher amount of money as interest expenses (Palley, 2013). The internal control in the system is discussed below: (a) Effective Control Bonus Disbursement: Shareholders of the companies can assess the bonus paid to the managers. The responsible person to prepare budget needs to be asked to explain the reasons for budget variance (Soudani, 2012). Password Protection: Passwords helped the form in protecting various applications to restrict free admittance. It is needed to assess the success of the companys IT system. Permitting Discount: In the company, the system is to obtain permission from sales director in order to provide the customers with various discounts (Soudani, 2012). Trade Receivable: At the time to close the accounts, the trade receivables are merged with the debtor accounts. Aging Evaluation: After considering the amount of all the invoices, the aged evaluation of receivables is done with the assistance of computerized systems. Financial controller of the firm is responsible for this evaluation. The responsible officials for receivable management are asked to produce the reasons behind the delays in payments. Doubtful Debt: As a part of the follow up strategy of the companys doubtful debts, further shipments to the specific customers are refused in case of the not payment of required minimum amount (Soudani, 2012). (b) Risk Alleviated Admittance to Database: Even in the presence of strong password to access the companys specific programs, it can be seen that there is not any password protection of the database of the firm that increases the risk of unlawful access. Physical Delivery Notes: Shipping tiles to the customers increases the amount of manual notes. Increased amount of notes leads to the increase risks in making mistakes in these notes (Chopra Sodhi, 2014). Single Individual Responsible for Diverse Activities: It can be seen in the company that a single person is responsible for carrying on diverse business operations. A single clerk is responsible for issuing of credit notes, documentation of reasons, management of trade receivables and many others. Thus, the chance to make mistakes by the clerk increases (Chopra Sodhi, 2014). (c) Test of Control Test of control is one of the major processes of audit to examine the internal control of the companies. The classification of test of control is done below: Re-performance: As a part of this system, there is the introduction of a new transaction for the examination of internal control (Numan Willekens, 2012). Inspection: In this process, the assessment of important documents is done with the help of stamps and authorized signatures. Observation: In this system, all the business processes ate observed and assessed in order to bring improvements. The control systems are discussed below: Bonus Distribution: In order to distribute bonus, internal control system can be used. Password Protection: In order to protect the passwords, the inspection tactic of control can be used. Discount Allowance: In case of the allowance of discounts, the tactic of re-performance can be used. Trade Receivable: The performance of re-performance can be used for the management of trade receivables. Aging Analysis: Both the tactics of observation and inspection can be used in this regard. Doubtful Debt: In this situation, the re-performance tactics can be used (Numan Willekens, 2012). The weaknesses in sales and trade receivables are discussed below: Sales Bonus to the management is provided based on the sales volume of the company. This is a weakness as the sale s figures can be increased with the help of manipulation. Manual declarations for sales can include the chance for mistakes and faults. The chance of misplacement on the sales journals cannot be ignored, as they are produced monthly basis (Skaife, Veenman Wangerin, 2013). Trade Receivables It can be seen that the trade receivables officials are also responsible for business receivables. This reason can lead to the unintentional mistakes or errors in the financial statements. This is a major weakness in trade receivables. At the end of every month, the trade receivables are merged with the bank receipts. This aspect represents an extensive period for the settlement of some of the key items of the company like receivables (Skaife, Veenman Wangerin, 2013). References Arens, A. A., Elder, R. J., Mark, B. (2012). Auditing and assurance services: an integrated approach. Boston: Prentice Hall. Ashley-Smith, J. (2013).Risk assessment for object conservation. Routledge. Babalola, Y. A., Abiola, F. R. (2013). Financial ratio analysis of firms: A tool for decision making.International journal of management sciences,1(4), 132-137. Chopra, S., Sodhi, M. S. (2014). Reducing the risk of supply chain disruptions.MIT Sloan Management Review,55(3), 73. Hevert, S. R. B. (2013). Return on Equity. Kabajeh, M. A. M., Al Nuaimat, S. M. A., Dahmash, F. N. (2012). The relationship between the ROA, ROE and ROI ratios with Jordanian insurance public companies market share prices.International Journal of Humanities and Social Science,2(11), 115-120. Michalski, G. (2013). Portfolio management approach in trade credit decision making.arXiv preprint arXiv:1301.3823. Numan, W., Willekens, M. (2012). An empirical test of spatial competition in the audit market.Journal of Accounting and Economics,53(1), 450-465. Palley, T. I. (2013). Financialization: what it is and why it matters. InFinancialization(pp. 17-40). Palgrave Macmillan UK. Skaife, H. A., Veenman, D., Wangerin, D. (2013). Internal control over financial reporting and managerial rent extraction: Evidence from the profitability of insider trading.Journal of Accounting and Economics,55(1), 91-110. Soudani, S. N. (2012). The usefulness of an accounting information system for effective organizational performance.International Journal of Economics and Finance,4(5), 136. Stahl, F., Heitmann, M., Lehmann, D. R., Neslin, S. A. (2012). The impact of brand equity on customer acquisition, retention, and profit margin.Journal of Marketing,76(4), 44-63. Vona, L. W. (2012).Fraud risk assessment: building a fraud audit program. John Wiley Sons. William Jr, M., Glover, S., Prawitt, D. (2016).Auditing and assurance services: A systematic approach. McGraw-Hill Education.