Country : Australia
AssignmentTask:

QUESTION 1 
Jules Vern had worked as a business consultant for several years with KPNY, one of the ‘big four’ accounting firms. Jules has recently gone into her own private practice trading as Vern Business Solutions. a) You are required to record the following transactions into the transaction analysis chart (template provided).

Question 2 
a) Derek has recently graduated with a Master of Health and Human Services and is looking to set up his own business. Derek recalls from his study in MPA702 that a company structure would be the
most suitable for him as he would not be personally liable for any debts of the company. Derek would be the sole director and shareholder of the company.
Advise Derek of any circumstances in which he may be personally liable for the debts of the company. Include all sources and provisions in your answer.


b) Australia is moving closer to the adoption of Integrated Reporting. Explain the purpose of Integrated Reporting and what additional reporting and disclosure will be required and how it may benefit the decision-making of the various company stakeholders?

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  • Posted on : April 14th, 2019
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