Singapore Education System or Sports Program - 2591 Words

EXECUTIVE SUMMARY Singapore is known internationally for its strong education system. It has been described as â€Å"world leading†. The nation’s many successes are found in the competitive edge of its people and governance but never in the area of sports. Since its independence in 1965, education and sports have been instrumental in the nation building process. This approach is likely a deliberate attempt to build a national culture and identity in a multi-cultural society. Sports and education provides a unifying ground and equality of opportunities for citizens to strive for a better future as well as to bond with a common interest. Sports as a social unification instrument have been ironically criticized for the nation’s inability to produce high-performing athletes. To expedite the nation’s sporting success, the Foreign Sports Talent (FST) scheme was introduced and frequently reviewed (The Straits Time, 2003, â€Å"Committee of supply† 2011, Foo, 2013). The impl ication of this scheme infiltrated into the school’s sporting scene that was replicated in school’s offering sport scholarships to foreign students even though their academic grades are not comparable to meet Singapore education standards. It is evident that citizens are not supportive of the scheme and the desire of Singaporeans is to develop home-grown talents. As part of the economic development strategy, sports profile in Singapore was given renewed attention when the country won the right to host the inaugural YouthShow MoreRelatedHow Successful Is Singapore in the Sporting Industry3451 Words   |  14 PagesI. Introduction The body of this report is divided into two main sections. The first part addresses the main sports development in Singapore and the second assesses these developments and sheds light on problems encountered in the related developments. II. Sports Development in Singapore Much of Singapore’s economic success has been attributed to its status as a world-class commercial and trading centre. In the past century, the government has focused most of the nation’s policies toRead MoreHow Successful Is Singapore in the Sporting Industry3444 Words   |  14 PagesI. Introduction The body of this report is divided into two main sections. The first part addresses the main sports development in Singapore and the second assesses these developments and sheds light on problems encountered in the related developments. II. Sports Development in Singapore Much of Singapore’s economic success has been attributed to its status as a world-class commercial and trading centre. In the past century, the government has focused most of the nation’s policies to boostRead MoreMind Is Not a Vessel to Be Filled, but a Fire to Be Kindled1195 Words   |  5 Pagesfire to be kindled. Discuss. â€Å"Education† may be an ordinary word to most people, but very few actually understand the deep meaning beneath it. In this dynamic world, we need to be equipped with the necessary skills and hard work to survive. Understanding the education system is integral to allow students to understand the purpose of studying, the purpose of going to school everyday. Is education in Singapore really â€Å"holistic†? Are there flaws? What is education? By definition, it would be somethingRead MoreObesity : A Common And Serious Public Health Problem1464 Words   |  6 Pagesincreased over the recent years to the point where more than 20% of the population are now obese. (University of Birmingham, 2014) However, the obesity situation in Singapore is more worrisome. In 2010, 40% adults aged 18 to 69 were overweight and 10% were obese which is more than double the level seen in 1992. (Ministry of Health Singapore, 2010) This essay will evaluate the importance of state interference in helping the population maintain a healthy body weight and assess the extent of actions thatRead Moreshould PSLE be abolished940 Words   |  4 Pagesunnecessary stress on young students and limits their holistic development. However, proponents of the system have been equally strong in their support for the exam, arguing that no viable alternative exists to ensure the fairness of selection. According to an online poll, the PSLE has bee n ranked the top ten most pressing issues faced by Singaporeans. It is high time for us to engage in the debate, as education is becoming more and more important in determining the future of a child and the the nation asRead MoreOverweight and Obesity in Australia842 Words   |  3 Pageshealthy weight. †¢ Reduces risk of developing heart disease, diabetes and certain types of cancer. †¢ Increases energy levels. †¢ Assists a healthy immune system Physical activity will not only keep you in shape, but it can be very enjoyable, you can play your favourite sports whilst enjoying the company of others. Just by making the decision to play a sport, it will increase your fitness levels. Trying to maintain a healthy and active lifestyle can be very expensive and time consuming, and isn’t for everyoneRead MoreAsiasports: Hockey Night in Hong Kong5091 Words   |  21 Pageschoice of sports properties. An implementation plan also had to be developed for the chosen strategy† (Delios 1). Although every one of their sports properties was profitable except for the World Ice Hockey 5’s event, Asiasports still experienced a loss in 1998 operations. Therefore Barnes and the primary shareholders of Asiasports were faced with a difficult question regarding the direction of their future business strategy. Should they continue to focus on developing their existing sports propertiesRead MoreA Swot and Pest Analysis10002 Words   |  41 PagesHUONG HAAND KEN COGHILL E-Government in Singapore — A Swot and Pest Analysis HUONG HA Department of Management, Monash University, Australia Huong.Ha@BusEco.monash.edu.au KEN COGHILL Department of Management, Monash University, Australia Ken.Coghill@BusEco.monash.edu.au ABSTRACT This paper aims to review and evaluate the vision, the objectives and the strategic framework of e-Government in Singapore. Rapidity, Reliability, Efficiency, Cost-effectiveness, Customer-orientation and AccessibilityRead MoreEducation Is The Most Influential Parts Of A Child s Life1409 Words   |  6 PagesEducation is the one of the most influential parts of a child’s life. A positive education can set a child up for a lifetime of success, adversely, a negative education can set a child up for a lifetime of failures. Knowing how crucial education is, one must ask themselves: Is America doing all that it can to provide a stable education system for every child? Could America be doing more to provide a stable future for each child, and therefore the United States as a whole? Other countries areRead MoreGolds Gym Expansion to Asia11068 Words   |  45 Pagesa highly fragmented market. The company operates primarily through franchising. Gold s Gym claims 2.5 million member s worldwide, and some 600 gyms found in 27 countries. The chain began with a single establishment, which became the center of the sport of bodybuilding in the United States. Gold’s Gym earns income through franchising, operating company-owned gyms, and through selling apparel and accessories licensed with the Gold s logo. The company was founded by Joe Gold in 1965. Gold sold the

Paper on Aristotle and Relationships at Work - 2275 Words

Name: Yuanwen Yang Instructor: Marvin Brown Course: Ethics: Business issues Date: 09/20/2012 Paper on Aristotle and Relationships at Work Aristotle is known as one of outstanding thinkers revealing the ideas of eternal wisdom to humanity. No wonder that his ethical ideas on civic relationships still find their reflection in modern-day conceptions of successful life. In the following paper, Aristotle’s ethical findings on the best way of living described in his work â€Å"Nicomachean Ethics† will be compared to the findings by modern-day ethical specialists. Overall, evaluating Aristotle’s ethical postulates and the concepts of the best places to work by the Best Places to Work Institute, it appears that there are a lot in common in†¦show more content†¦The Best Places to Work Modern day concepts on civic relationships have a lot in common with the ideas described by Aristotle in Nicomachean Ethics even though this important work was written long ago (before 300 B.C.). Despite ethics as science has made a great progress after more than 2000 years that passed since Aristotle wrote his famous Nicomachean Ethics, basic ethical norms are still very similar to those described by the great thinker. One of the examples of this phenomenon is business ethics developed by the Best Places to Work Institute that helps understand the main features of the best place to work for people to be contended with their work choice. Below, the main traits of such places will be addressed on the basis of the information taken from the site of the Best Places to Work Institute. According to the Best Places to Work Institute, the main trait of the best place to work is positive atmosphere at an enterprise that makes excellent day-to-day relationships between employees and managers (â€Å"What is a Great Workplace?† par. 2). People may be sure that their working place is the best if 1) they trust their employers, 2) are proud of what they do, and 3) enjoy cooperating with their co-workers. â€Å"Trust is the defining principle of great workpl aces — created throughShow MoreRelatedFriendship Between Aristotle And Nietzsche1461 Words   |  6 Pagesand love whether it was a positive or negative experience. Aristotle and Nietzsche both have views on love and friendship, but have some very clear differences. This paper will show what consists of friendship to Aristotle, a rebuttal from Nietzsche, and how Aristotle’s beliefs can show and prove otherwise. Both philosophers believe that friendship is necessary in human life but both break down into completely different structures. Aristotle has three different views of friendship. The first is aRead MoreTaking a Look at Nicomachean Ethics957 Words   |  4 PagesNicomachean Ethics I chose to write about Aristotle and his beliefs about how the virtuous human being needs friends from Book VIII from Nicomachean Ethics. In this essay I will talk about the three different kinds of friendship that (Utility, Pleasure, and Goodness) that Aristotle claims exist. I will also discuss later in my paper why Aristotle believes that Goodness is the best type of friendship over Utility or Pleasure. In addition to that I will also talk about the similarities and differencesRead MoreEssay on Aristotles Notion on Eudaimonia and Virtue 1550 Words   |  7 Pageshappiness . In the paper I will argue that it is really in a person’s best interest to be virtuous . I will do this by first describing Aristotle’s notion on both eudaimonia and virtue , as well as highlighting the intimate relationship between the two . Secondly I will talk about the human role in society. Thirdly I will describe the intrinsic tie between human actions . Finally I will share the importanc e of performing activities virtuously . The central notion of Aristotle is eudaimonia or â€Å"happiness†Read MorePositve Psychology and Aristotles Virtue Ethics Converge Essay1569 Words   |  7 PagesPositive psychology and Aristotle: A convergence of ideas The field of positive psychology, founded by Martin Seligman (1998), seeks to influence individuals whose lives are â€Å"neutral† and increase their psychological well-being. Positive psychology offers a unique perspective on mental health through focusing on individual strengths rather than dysfunction, pathology, and mental illness (Seligman Csikszentmihalyi, 2000). The goal of positive psychology is to assist individuals in creating meaningfulRead MoreAristotle s Theory Of Friendship1415 Words   |  6 Pagesâ€Å"No one would choose a friendless existence on condition of having all the other things in the world (Aristotle).† Humans are social beings, social beyond any other creature in the world. Human interaction is a must for survival. It is in our nature. Aristotle understood this, he even had his own analysis of friendship. In the Nicomachean Ethics written by Aristotle, books VIII and IX are based off of friendship. Today, the definition of a friend is, â⠂¬Å"A person with whom one has a bond of mutual affectionRead MoreAristotle, Joseph Schumpeter, Milton Friedman, And John Rawls1230 Words   |  5 Pagesdistribution of some â€Å"thing† in a specific domain. For this paper, equality will be narrowed down to the domains of economic and political. It is essential to note that distinct types of equality can become conditions for equality in a different domain. In this case, economic equality will be analyzed as a condition for political equality. How is it exactly that economic equality can undermine political equality? By answering this question, this paper will prove that economic equality is a necessary pre-conditionRead More Aristotle and the Doctrine of the Mean Essay1436 Words   |  6 PagesAristotle and the Doctrine of the Mean Aristotle seeks flourishing happiness in life. He believes that this can be achieved for each individual through the embracement of virtues. Aristotle believes that virtues are the mean of two vices. This is the basis of the Aristotelian â€Å"Doctrine of the Mean†. This paper will explore the basis of the Doctrine of the Mean, its connections to Eudaimonia, and its success or lack thereof. Eudaimonia is a Greek word whose meaningRead MoreAristotle Essay1238 Words   |  5 PagesAristotle The primary concern of political theorists is to determine by what form of constitution the state will most likely succeed. According to Aristotle the definition of political success means the general happiness of the citizenry. Both Aristotle and James Q. Wilson share the belief that molding excellent character within the citizenry is the first and most important step towards solidifying the happiness of the state as a whole. The basic structure of Aristotle’s philosophiesRead MoreThe Four Foundations Of Human Excellence1704 Words   |  7 PagesThe Four Foundations of Human Excellence In the quest to find answers to questions, the Philosopher and author Tom Morris, in his book, If Aristotle Ran General Motors, captures readers with a broader interpretation of how to manage business, work, life, and relationships. He collects ideas and viewpoints of ancient great Greek Philosophers as Plato and Aristotle. He also introduces fours foundations: truth, beauty, goodness, and unity, which are believed to bring the greatness in humans in a moreRead MoreThe Purpose Of Friendship1304 Words   |  6 PagesPurpose of Friendship We all have friends that we enjoy spending time with, but we do not seem to think heavily as to why we have these friends. These relationships are not necessary to survival; all that is needed for our physical body to survive is food and water, yet people want to create long-lasting friendships with people they cherish. In his work, Lysis, Plato says that that friendship is the least of natural loves, ones which we do not need to reproduce. C.S. Lewis complements this by describing

Brand and Proper Branding Free Essays

Branding Meaning of Branding: The word â€Å"brand† is derived from the Old Norse â€Å"brandr† meaning â€Å"to burn. † It refers to the practice of producers burning their mark (or brand) onto their products. Branding is the practice of giving a specified name to a product or group of product of one seller. We will write a custom essay sample on Brand and Proper Branding or any similar topic only for you Order Now Branding is the process of finding and fixing the means of identification. In other word, naming product, like a naming a baby, is known as branding. Parents have children and manufactures also are eager to know the character and the capacity of their names. Thus branding is management process by which product is name; i. . branding. Proper branding can result in higher sales of not only one product, but on other products associated with that brand. For example, if a customer loves Wai Wai Noodles and trusts the brand, he or she is more likely to try other products offered by the company such as Kwiks Cheese Balls or Kwiks Potato Chips. Definition of Branding According to the American marketing Association, â€Å"A brand is name, term, sign, symbol or a combination of them, intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competition. According to William j Stanton, â€Å"All trademarks are brands and thus includ e the word, letter or numbers which may be pronounced; they may also include pictorial designs. † Threes of Cs of Branding 1. Clarity: Strong bonds are clear about what they are what they are not. They understand their unique promise of value. And this promise of value sets them apart from their competitors. It differentiates them and allows them to attract and built loyalty among a desirable set of consumers. 2. Consistency: In addition to being clear about who they are, strong brands are also consistence. They are always what they say they are. 3. Constancy: It is not enough to be clear and consistent if you are not always visible to your target audition. Strong brands are constant, they are always there for their customers and prospects. A brand can convey up to six level of meaning 1. Attributes: Mercedes brings to mind expensive, well built, well engineered, durable, high prestige automobiles. 2. Benefits: The attributes â€Å"Durable† could translate into the functional benefits and the attributes â€Å"Expensive† translates into the emotional benefits. 3. Values: Mercedes stands for high performance, safety and prestige. 4. Culture: Mercedes represents German culture; organized, efficient and high quality. 5. Personality: Mercedes may suggest a no nonsense boss â€Å"person†, reigning lion â€Å"animal† or an austere palace (object). 6. User: Suggest the kind of consumer who buys or uses the product. A top executive behind the wheel of a Mercedes and not a young secretary. Purpose of Branding 1. Brand is a massive asset. 2. Brand is a promotional tool. 3. Brand is a weapon to protect market. 4. Brand is antidote for middle man survival. 5. Brand is a means of identification for customers. Significance/advantage of branding 1. Advantage to producers a. Easy to advertise. b. Easy to identify the products. c. Creation of separate market. d. To get more price. e. Easy to expand the product mix. f. Personal contacts with consumers. 2. Advantage to middle man g. Easy to understand needs and wants of consumers. . Less risks. i. No need of advertisement and sales promotion. j. Increase in sales. k. Increase in profit. 3. Advantage to consumers l. Easy to recognize. m. Availability of quality product. n. Minimum fluctuation in price. o. Mental satisfaction. p. Improve packing. Branding decision Branding of products are mainly done under following criteria: 1. Founder’s names. 2. Blanket family names. 3. Separate family name for all products. 4. Corporate names combined with individual product name. How to cite Brand and Proper Branding, Essay examples

Financial Analysis and Valuation Method for Dick - myassignmenthelp

Question: Discuss about theFinancial Analysis and Valuation Method for Dick. Answer: Introduction With the increasing ramification of economic changes and complex business structure, Dick smith holding, a major electronic retailer comes up with initial public offer in the market. This company was engaged in consumer retails of electronic items in Australia and New Zealand and collapsed in several parts due to manipulation in the financial statement and fraudulent accounting and reporting practice. In this report, study has been conducted on the brief history of Dick smith holding, a major electronic retailer and critical evaluation of valuation of Dick smith holding and its initial public offers has been taken into consideration. Afterward, valuation of companys share and financial evaluation has been made after when Dick smith holding, a major electronic retailer entered into strategic alliance with Anchorage capital partner. Brief summary of Dick smith holding, a major electronic retailer Dick smith holding, a major electronic retailer acquired by Anchorage capital partner. This company paid AUD$ 115 million for acquiring Dick smith holding. After the acquisition of this company by Anchorage capital partner, this company got listed on Australian stock exchange with a view to expand its business with a rapid growth (Anchorage capital, 2017). After that, it was evaluated that if company did not make proper level of disclosure and reflects falsified accounting in its financial statement. It is reflected that company would not keep up long and went into liquidation (Adelopo, 2016). The main reason behind the liquidation was companys falsified accounting and reporting framework. In the brief history of acquisition of Dick smith holding by Anchorage capital partner, it is reflected that that company was sold by Woolworth to Anchorage capital partner for an initial cash payment of AUD$ 20 million and ultimately Anchorage capital partner has to pay AUD$ 115 million for acquir ing Dick smith holding. However, at the time of listing of Dick Smith company market capitalization of company was valued AUD$ 520 million. However, Anchorage capital partner made several changes in compliance and financial functions of organization but all went in vain and dick smith had to go under the liquidation process due to reflects falsified accounting in its financial statement. After evaluation of annual report of Dick smith holding, it is evaluated that in 206 the share price value of Dick smith holding went down by 80% (Bahadir, DeKinder Kohli, 2015) this has shown that Anchorage capital partner has faced high amount of loss by entering into strategic alliance with the Dick smith organization. However, the main problem arises when it was noticed that company has followed wrong accounting and reporting framework (Malley, 2016). Critically evaluation of valuation of Dick smith holding when this company was acquired by Anchorage capital partner It is evaluated that dick smith holding was acquired by Anchorage capital partner by paying USD$ 115 million to Woolworth. It is considered that after acquisition of company by the Anchorage capital partner, shares of Dick smith holding company get listed and resulted to market capitalization of company valued AUD$ 520 million. As per the annual report of Dick smith holding company, it is considered that company issued share value of USD$ 7682980 in the market. However, at the time of initial public offer, shares of company were sold in the market at premium rate. Nonetheless, auditors report and other disclosures made by company had contradictions and it reflected that company has not complied with the international financial reporting standards. Dick Smith Company had reflected high amount of profit and increased value of its total assets and showcased less amount of profit earned (Tomasi, Bottomley and McQueen, 2002). This manipulation of profit has been done by company by reflect ing wrong value of inventories and reserve in its balance sheet. In addition to this, there were several changes after completion of initial public offers such as Anchorage capital partner initially retained only 20% of shares in the Dick smith company but eventually it had fully divested its holding to other shareholders. However, due to its non-effective legal compliance and failure of company to comply with the applicability with international financial reporting standard in accounting and reporting frameworks, Dick Smith Holding and its shares in the capital market had fallen by more than 80% in 2016 as compared to the time when they were listed on Australian stock exchange in December 2013. This level of destruction in the share price value and loss of business of company resulted to failure to may payment to creditors (Ferraro, 2017). All the creditors such as national Australian bank and HSBC Bank Australia took the company into liquidation (Tomasic, Bottomley, and McQueen, 2 002). This resulted to closer of various units of Dick Smith Company and share value of company went down by 80% and resulted to destruction of business on international level. After that, Kogan.com an online retailer acquired the Dick smith at undisclosed price. Therefore, it could be inferred that value of shares issued by Dick Smith had gone down throughout the time. Nonetheless, in the starting, when IPO was issued by the Dick smith, it had market capitalization around USD$ 520 which is quiet high amount for the newly listed company. After that due to its non-efficient legal compliance and non-compliance of IFRS rules and regulations, company fails to create trust in shareholders and investors in the market. The valuation of shares of Dick Smith Company could be determined by using market value method, intrinsic value method and joint methods. However, it could be inferred that in the starting period when the shares of Dick Smith company was sold as initial public offer all the shares of company were sold at the premium price (Leow, 2009). Throughout the time, in secondary market, when shareholders lost their confidence in the reporting and accounting frameworks of Dick Smith company due to falsification in recording financial data in its financial statement. Therefore, after evaluating the annual report and details shown by the security exchange board of Australia, it could be inferred that Initial public offer of Dick Smith Company was done by complying with all the rules and regulations of corporation act. However, in the starting when the shares were firstly issued by Dick Smith Company, all the investors flooded with the money to buy shares of company and created AUD $ 520 million market capitalization on the listed stock exchange (Drazba, E., 2015). Assessment of ethical dilemmas facing two separate set of people (Anchorage capital partner in context with the flotation of Dick Smith business and directors and executive Ethical dilemma Ethical dilemmas is related to the concern when organizations or person caught in a situation where both the situation in either right or wrong. In this case, ethical dilemmas has aroused while depicting the financial statement of Dick Smith Company to its stakeholders. It is evaluated that company had to create its financial statement on the basis of falsified accounting and financial results. However, Auditors of Dick Smith Company had to give unqualified audit report to the company on the basis of facts and documents shown by company. In the starting of this process, all the stakeholders believe the facts and financial statement shown by Dick Smith Company in its reporting frameworks. The main ethical dilemma which is faced by Anchorage capital partner was related to disclosing the financial details to its stakeholders. After acquisition of Dick Smith Company by Anchorage capital partner, it was observed by executive and directors of Anchorage capital partner that it has not compl ied with the accounting and international financial reporting standards while reporting its all assets and liabilities. This resulted to destruction of transparency and true and fair view of financial statement of organization. After collecting data from secondary sources, it was analyzed that Anchorage capital partner was having idea from the beginning but never disclosed the same details with the stakeholders. The executive and key managerial persons of Anchorage capital partner was having clear idea that if they disclose the complete details of company related to accounting and financial information then it will cause high amount of loss in its business functioning. However, Anchorage capital partner was not having any facts and complete back up to showcase the problems of financial statement of Dick Smith Company (Knapp, 2016). Directors and senior executive of Dick Smith Company and their ethical dilemma These are key managerial persons who take all the strategic decisions of Dick Smith Company. It is considered that these persons knew from the beginning that company had failed to comply with the proper level of IFRS rules and regulations and reflected falsified details and values in its annual report. However, they had idea that if they disclose the complete level of information regarding companys detail then it will destruct the brand image of company and market capitalization of company on international level. They are the drivers of company and they have fiduciary liabilities to work in the best interest of organization. As per the statement and data shown by Dick Smith Company in its annual report in 2014 that company has shown all the inventories and assets value wrong and falsified with a view to misguide its stakeholders and showcasing less amount of profits (AASB 102. 2009). Another ethical dilemma was related to the failure of these key managerial persons to comply with the ir commitment. It was considered that Dick Smith Company in the annual report of 2014 announced the purchase of MAC21 an authorized service center. However, due to the companys failure and its acquisition by Anchor capital investment, it had to change it decisions and resulted to failure to comply with the made commitment. This level of failure was the biggest ethical dilemma for directors and key managerial persons of Dick Smith Company but comply with the same was also very hard. Therefore, it could be inferred that ethical dilemma Anchorage capital partner in the flotation of business was to make proper level of disclosure which should be made by company for the best interest of general public at large. Conclusion In this report, it is reflected that there were several problems and dilemmas which had resulted to destruction of Dick Smith Company on international level. It is considered that Dick Smith manipulated its all the financial figures and inventories with a view to reflect profitable business and good financial health. This level of framework was done by company with a view to raise funds from the investors. In addition to this, company had market capitalization of USD $ 520 which was created by company due to its falsified reporting and accounting frameworks. All the shareholders and investors invested in Dick Smith Company on the basis of falsified information shared by company. Eventfully, when the proper information was depicted by auditors and other reporting authority, market capitalization went down very drastically and resulted to liquidation of business. Now in the end, it could be inferred that if company showcase wrong or falsified information to its stakeholders then it cou ld create short term benefits but in long run it has to face loss or wind up of its business. References AASB 102. 2009. Inventories. [Online]. Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB102_07-04_COMPjun09_01-09.pdf [Accessed on: 31st August 2017]. Adelopo, I. 2016. Auditor Independence: Auditing, Corporate Governance and Market Confidence. Routledge. Anchoragecapital. 2017. Dick Smith Holdings Limited. [Online]. Available at: https://www.anchoragecapital.com.au/case-study-dick-smith/ [Accessed on: 31st August 2017]. Bahadir, S. C., DeKinder, J. S., Kohli, A. K. (2015). Marketing an IPO issuer in early stages of the IPO process.Journal of the Academy of Marketing Science,43(1), 14-31. Drazba, E., 2015. Value Creation in European Private Equity Investments: Theoretical Framework and Case Study of PE Primary and Secondary Investment in Poundland-UK-based company. Ferraro, O., 2017. Business valuation: premiums and discounts in international professional practice. InFinancial Environment and Business Development(pp. 79-88). Springer International Publishing. Knapp, M.C. 2016. Contemporary Auditing. Cengage Learning. Leow, J. 2009. Australian Master Superannuation Guide 2010/11. CCH Australia Limited. Malley, A. 2016. Dick Smith collapse raises more questions for accounting profession. [Online]. Available at: https://www.smh.com.au/business/retail/dick-smith-collapse-raises-more-questions-for-accounting-profession-20160721-gqagz5.html [Accessed on: 02 July 2017]. Mills, A. and Woodford, W. 2015. Company Accounting. Pearson Higher Education AU. Tomasic, R., Bottomley, S., and McQueen, R. 2002. Corporations Law in Australia. Federation Press.