Working Capital
Posted by Ashley Buller in Sep, 2014
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What is Working Capital? Working capital is the amount by which current assets (cash, checking and savings account balances etc.) exceed current liabilities. What is Working Capital like? Working capital is similar to Fixed Capital in that both assets are important in the ongoing functions of a business. Fixed capital assets are those that are […]
Post Tagged with Law of Contract
Posted by Ashley Buller in Sep, 2014
What is the Law of Contract? The basis of a contract is – An offer – Negotiation – Agreement – An obligation to carry out that agreement When that obligation is not carried out on either sides of the contract, the court becomes involved to solve the dispute. Law of Contract is when the agreement is examined to see […]
Rights of Businesses in Australia
Posted by Jesamine Barton in Sep, 2014
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What are the rights of businesses operating in Australia? In Australia you have certain rights/protections under the Australian Consumer Law and the Competition and Consumer Act 2010. As of January 1st 2011 every Australian business was given the same rights and responsibilities under the Australian consumer law. Under the ACL all businesses are expected to […]
Legal Advice
Posted by Telise Kelly in Sep, 2014
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What is legal advice? There are as many forms of legal advice and there are areas of the law. Due the massive amounts of legislation enacted within our society. Legislation can be at International level, Commonwealth of Australia level, and State level delegated authorities given to various statutory and local councils. What is legal advice […]
Net Profit
Posted by Luke Jones in Sep, 2014
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What is Net Profit? Net profit is a measure of the profitability of a venture after accounting for all costs. Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses. This number is an important measure of how profitable the company is over a […]
Business and Legal structures in Australia
Posted by Luke Jones in Sep, 2014
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What are business/legal structures in Australia? Business/legal structures in Australia are a way of classifying how the business is structured and operated. Each structure shows how the business is operated whether it is a sole trader, partnership, trust or a company. Each individual structure has its own unique structure and advantages and disadvantages of choosing […]
Category: BSBSMB401
Procurement Assessment
Posted by Emma Doolan in Jul, 2014
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What is a Procurement assessment? Procurement: Is an act of obtaining or buying goods or services. This includes the preparation and processing of demands as well as the end receipt and approval of payment. The process of procurement is often part of a company’s strategy because the ability to purchase certain materials will determine if […]
WHS Law in Australia
Posted by Maddie Williamson in Jul, 2014
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What are WHS laws in Australia? Work place health and safety laws in Australia changed on the 1st January 2012 to gradually harmonise across Australia. WHS laws are a set of rules (codes of conduct) set for various duties that both workers and the public must abide by when in contact with a workplace. What […]
Business registration in Australia
Posted by Hayden Michel in Jul, 2014
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What is business registration in Australia? Business registration in Australia is the processes and systems put in place by the government to keep an eye on who is behind the businesses in Australia for tax and legal reasons. By doing this the government and the public can access the business’s operational information such as who […]
