Financial Accounting

Veronica Bradley Financial Accounting August 12, 2012 Internal Controls Case Study 2 Internal Controls LJB Company, a nearby merchant, has asked your bookkeeping firm to assess their arrangement of inside controls since they are wanting to open up to the world later on. The Company needs to check the inward controls of an arrangement of balanced governance intended to identify and forestall extortion and blunders. The Sarbanes-Oxley Act requires U. S. organizations to upgrade their frameworks of interior control. The organization employed needs to identify the inward control framework and meet the organizations requirements.The interior control norms pertinent to Sarbanes-Oxley (SOX) apply just to enormous open organizations recorded on U. S. trades. There is a proceeding with banter regarding whether non-U. S. organizations ought to need to follow this additional layer of guideline. Discussion about worldwide organizations (non-U. S. ) embracing SOX-type norms focuses on whether the advantages surpass the expenses. The worry is that the greater expenses of SOX consistence are making the U. S. protections showcases less serious. These exercises are the foundation of the company’s endeavors to address the dangers it faces, for example, fraud.The explicit control exercises utilized by an organization will differ, contingent upon management’s appraisal of the dangers confronted. This appraisal is vigorously impacted by the size and nature of the organization. The standards of interior control exercises are (1) foundation of obligation, (2) isolation of obligations, (3) documentation methodology, (4) physical controls, (5) autonomous inner confirmation, and (6) human asset controls. Educate the President with respect to what the organization is doing well (they are doing a few things well) and furthermore prescribe to the President whether they should purchase the permanent ink machine.When you prompt the President, if you don't mind make certain to r eference the material inner control rule that applies. The things that the organization is doing admirably are that utilizing the pre-numbered solicitations. At the point when the organization was not utilizing pre-numbering they disregarded the documentation methods. On the off chance that pre-numbered reports are not utilized, at that point it is essentially difficult to represent the archives. This will save great documentation on certain things for future reference to have available and things aren’t accomplished more than one time by various people.Pre-numbering assists with keeping an exchange from being recorded more than once, or on the other hand, from not being recorded by any stretch of the imagination. Second, the control framework ought to necessitate that representatives quickly forward source archives for bookkeeping passages to the bookkeeping office. This control measure assists with guaranteeing opportune chronicle of the exchange and contributes legitimatel y to the exactness and unwavering quality of the bookkeeping records. With the data gave the organization ought to put resources into a permanent ink machine. This will place the organization in more control of bookkeeping procedures.And with this close by will help diminish the opportunity of any misrepresentation going on in the organization with the checks being progressively reasonable. Utilization of physical controls are basic. The accountant’s demonstration of keeping the checks in a safe in his office is as per the physical controls rule. This mirrors the defending of benefits and improves the exactness and unwavering quality of the bookkeeping records. The President ought to likewise recognize what they are fouling up like the unimportant money circumstance. All representatives approach the frivolous money in a work area cabinet and are asked to possibly put a note in the event that they utilize any of the cash.The organization made some hard memories getting the wor ker to let it out was him in light of the fact that the organization doesn't dole out individual passwords. The organization is damaging the foundation of duty, and isolation of obligations, documentation systems, autonomous interior check and human asset controls. With the unimportant money Internal authority over a negligible money support is reinforced by: (1) having an administrator make shock tallies of the reserve to affirm whether the paid trivial money receipts and store money equivalent the reserve sum, and (2) dropping or ruining the paid insignificant money receipts so they can't be resubmitted for reimbursement.With the foundation of obligation the organization is abusing that duty by not appointing duty to explicit representatives. Control is best when just a single individual is liable for a given undertaking. Without doing this welcome extortion and different prospects to of things to happen. With the organization recruiting sentenced criminals and sex guilty parties with them having a HR division this the sum total of what might have been avoided.They wouldn’t need to stress over workers utilizing the web to see pornography locales. At the point when the organization enlists workers they ought to have an autonomous confirmation for every individual representative. This will follow all the workers with their PC and marking all through the framework and everything that require a check to continue. A bookkeeper isn't genuine to talk with everybody for specific positions except if it is engaged with their position.The President of the organization needs to do a major assessment of the arrangement of inside controls to ensure all the norms are being met for arranging the fate of the organization. As examined before in the necessities of the organization with the goal for them to open up to the world later on. They will need to follow all the rules for the standards of interior control are: foundation of duty; isolation of obligations; documen tation strategies; physical controls; autonomous inside check; and human asset controls. Monetary Accounting Budget summaries created utilizing FIRS were utilized to acquire startup finance. Current quarterly explanations are delivered utilizing this arrangement to keep up consistency and lucidity for the wellbeing of investors. SUBS records monetary record things, income, liabilities, and offer estimations. GIBBS observes FIRS rules when detailing their money related information in consistently budget reports reasonably and precisely. It is acceptable to utilize FIRS in the bookkeeping procedure for any business with the goal that all monetary are being accounted for decently and accurately.SUBS records resources at their cost utilizing cost standard. Universal income from clients that have a place with different nations is followed and detailed utilizing FIRS. SUBS joins GAP alongside the FIRS so that to a great extent impacts securities exchanges, speculators, corporate administration, bookkeeping norms and bookkeeping experts' setters. Cubit's budget summary incorporates GAP and FAST pr incipals to oblige US based clients and accountants.FIRS is dynamic and it enables the organization to create fiscal reports powerfully in a consistent evolving condition. The assembly of both these guidelines helped SUBS in creating fiscal summaries with demonstrable skill, consistency, hopefulness and straightforwardness. The significant distinction among GAP and FIRS comes down to being rules-based vs†¦ Reminisces-based; this represents a test in zones, for example, the salary articulation, union, the profit per-share figuring, the stock, and the expenses. In union, U.S. Hole lean towards a dangers and-prize model where as the FIRS favors a control model. U. S. Hole shows exceptional things as net gain where as FIRS isolates. U. S. Hole gives the choice of LIFO, normal expense or FIFO where as FIRS doesn't permit LIFO for stock valuation. Under the FIRS the PEPS count doesn't average the individual between time period estimations, yet the U. S. Hole does. As to costs, GAP th inks about them as costs while FIRS underwrites them dependent on explicit criteria.Both FAST and FIRS have distinguished short-and long haul combination ventures, including 20 detailing zones where contrasts have been settled and finished. 3. Star Formal 4. Inward Controls SUBS needs inner controls to give confirmation so as to accomplish determined money related announcing, consistence and working goals. These interior controls help SUBS to accomplish its crucial guaranteeing that the approaches, bearings, rehearses and reoccurred affirmed and structured by the executives and directorate are actualized appropriately and capacities accordingly.It additionally guarantees viability is continued in a consistently changing unique condition. The entirety of the five control segments in the COCO coordinated structure, Control Activities, Control Environment, Risk Assessment, Monitoring, and Information and Communication are significant. SUBS executes all the five controls as a fundamenta l inner control and doesn't settle on any of them. Of the five, the most significant two actualized as basic are control exercises and control condition. Money related Accounting Veronica Bradley Financial Accounting August 12, 2012 Internal Controls Case Study 2 Internal Controls LJB Company, a nearby wholesaler, has asked your bookkeeping firm to assess their arrangement of inner controls since they are intending to open up to the world later on. The Company needs to check the interior controls of an arrangement of balanced governance intended to distinguish and forestall extortion and blunders. The Sarbanes-Oxley Act requires U. S. organizations to improve their frameworks of inward control. The organization employed needs to recognize the inner control framework and meet the organizations requirements.The inward control guidelines material to Sarbanes-Oxley (SOX) apply just to huge open organizations recorded on U. S. trades. There is a proceeding with banter concerning whether non-U. S. organizations ought to need to agree to this additional layer of guideline. Discussion about global organizations (non-U. S. ) receiving SOX-type gauges fixates on whethe r the advantages surpass the expenses. The worry is that the greater expenses of SOX consistence are making the U. S. protections advertises less serious. These exercises are the foundation of the company’s endeavors to address the dangers it faces, for example, fraud.The explicit control exercises

Business entities Essay Example | Topics and Well Written Essays - 1500 words - 1

Business elements - Essay Example The previous is viewed as a prescriptive methodology, and the last an informative, enlightening, or prescient methodology. Regulating business morals is the area of savants and scholars, while observational business morals is viewed as the space of the board advisors and business college teachers. Researchers who speak to these various spaces are supposed to be guided by various speculations, presumptions, and standards which regularly bring about misconception or absence of gratefulness for every others attempts. The regularizing approach, established in theory and the aesthetic sciences, concentrates on inquiries of what should be, and how an individual or business should act so as to be moral. The exact methodology, established in the executives and the sociologies, is commonly worried about inquiries of what is, expecting that the hierarchical world is fundamentally objective and out there anticipating unbiased investigation and revelation. Empiricist answer inquiries of what is by endeavoring to portray, clarify, or anticipate marvels in the normal world utilizing the heaps of their social logical preparing. The social researcher may depreciate the scholars moral decisions on the grounds that these decisions can't be comprehended in observational terms and can't be checked by experimental testing or be utilized to foresee or clarify conduct. The social researchers explanations about profound quality, then again, are believed to be of little an incentive to the thinker in light of the fact that such proclamations don't address the basic inquiries of good and bad. Regulating moral hypotheses create principles by which the appropriateness of specific practices in the business world can be assessed. Conversely, the experimental methodology centers around distinguishing perceptible and quantifiable factors inside the individual minds and social settings that impact individual and hierarchical moral conduct. (Trevino 1994) Gary Weaver and Linda Tevino have sketched out three

Topic Choices to Write About For an Essay

Topic Choices to Write About For an EssayHow do you choose the best topics to write about for an essay? If you're a first time writer, this is going to be one of the hardest parts of writing for your college essay.In order to help you out, I've written some useful tips below on how to choose the best topics to write about for an essay. Hopefully this will help you in all areas of the essay and make it easier for you to write the best essay possible.First of all, before you even start looking for topics to write about for an essay, determine what type of topic you want to write about. This will help you figure out what subject matter you want to focus on.For example, if you want to get into political topics, you could start writing on these topics right away. Many people find it easier to focus on a single subject because this is something that they are familiar with, therefore, making it easier to relate to.As far as finding topics to write about for an essay, it's always a good idea to get a sense of your topic from the first few sentences. Most people who write an essay especially an essay on a different topic than their own will often stop right here to make sure they know what they are talking about.If you really don't know where to start, you could find a website where people discuss their topic of interest and then visit their profile to see what they have to say. This is one way of getting ideas for topics to write about for an essay.One other important part of writing a good essay is to develop your own style. Even if you are a person who doesn't like writing essays, it's a good idea to try it out and see if you enjoy doing it or not.This can help you to develop a more personal opinion when writing an essay, which is always an advantage. Remember, the best topics to write about for an essay are ones that you enjoy doing and also ones that are related to the topic you are writing about.

Clean Your Slacks Dry Cleaned Is Hell ! Essay - 1496 Words

Having your slacks dry cleaned is hell! It takes days for them to be cleaned, you pay, on average, $4-$5 per slack, and on top of that you don t always get back what you give them. I don t even want to talk about how poorly some dry cleaners handle your slacks. Starting today, you ll no longer have to deal with cleaners. You won t have to be that person who spends a chunk of their salary every year just to get their slacks back in poor conditions. Now, you can walk into your pantry and grab simple, everyday household items to make your slacks look as though you just bought them from the store. Before we walk through the steps necessary for you to clean your slacks, we’ll first discuss the items you’ll need. You’ll need your slacks, baking soda, vinegar, lemon juice, a bowl, a lathering brush, and laundry detergent. You’ll also need a washing machine with a hand-wash setting, a hanger and/or drying machine with an air-dry or air fluff setting, and a clothing iron that preferably has a steam producing function and a flat surface to use it on. If you don t have baking soda, vinegar, lemon juice, laundry detergent, a bowl, or a lathering brush, these items can be purchased at most grocery stores, as well as some convenience stores for around $2-$6. A very basic clothing iron with a steam producing function can be bought from most chain grocery stores or household appliance stores for around $10-$35. If you don t have a washing machine and/ or a drying machine at yourShow MoreRelatedProject Mgmt296381 Words   |  1186 PagesKeiser University; Rafae l Landaeta, Old Dominion University; Muhammad Obeidat, Southern Polytechnic State University; Linda Rose, Westwood College; Oya Tukel, Cleveland State University; and Mahmoud Watad, William Paterson University. We thank you for your many thoughtful suggestions and for making our book better. Of course we accept responsibility for the final version of the text. In addition, we would like to thank our colleagues in the College of Business at Oregon State University for their supportRead MoreThe Ballad of the Sad Cafe46714 Words   |  187 Pagesother one long and secret gaze of grief. The face lingers at the window for an hour or so, then the shutters are dosed once more, and as likely as not there will not be another soul to be seen along the main street. These August afternoons -- when your shift is finished there is absolutely nothing to do; you might as well walk down to the Forks Falls Road and listen to the chain gang. However, here in this very town there was once a cafà ©. And this old boarded-up house was unlike any other placeRead MoreProject Managment Case Studies214937 Words   |  860 Pagesspecifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives orwritten sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or otherRead MoreMarketing Mistakes and Successes175322 Words   |  702 Pagesopportunities are forever emerging. But sometimes we bring back an oldie, and with updating, gain a new perspective. For new users, I hope the book will meet your full expectations and be an effective instructional tool. Although case books abound, you and your students may find this somewhat unique and very readable, a book that can help transform dry and rather remote concepts into practical reality, and lead to lively class discussions, and even debates. In the gentle environment of the classroom,Read MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagesphotocopying, recording, or likewise. To obtain permission(s) to use material from this work, please submit a written request to Pearson Education, Inc., Permissions Department, One Lake Street, Upper Saddle River, New Jersey 07458, or you may fax your request to 201-236-3290. Many of the designations by manufacturers and sellers to distinguish their products are claimed as trademarks. Where those designations appear in this book, and the publisher was aware of a trademark claim, the designations

Emerson and Thoreau - 831 Words

#8220;Dance to the beat of your own drummer:#8221; A piece of advice that I have been told my whole life, and have tried my hardest to follow. The words were taken from Thoreau#8217;s quote, #8220;If a man does not keep pace with his companions, perhaps it is because he hears a different drummer.#8221; Ralph Waldo Emerson and Henry David Thoreau changed our lives. How? Well, the answer is not so simple as the statement. To understand fully how they affected our lives, we have to understand the philosophy of Emerson and Thoreau, and the relationship between the two. So let#8217;s begin with the relationship between Emerson and Thoreau. Emerson was born in 1803, into a family of ministers. He went to Harvard where he†¦show more content†¦... Thoreau was very much an activist. Whereas Emerson would simply write an essay on something that he felt strongly about, Thoreau would take it to the next level and participate. For example, in the anti-slavery movement. Emers on never took a stand on abolition; he never stated if he was for or against it. This angered Thoreau. Not only did Thoreau write several essay#8217;s on the subject, attacking it in the essay Slavery in Massachusetts, and defending the violent abolitionist John Brown, and his raid at Harpers Ferry in A Plea for Captain John Brown , but he was also an activist for abolitionist principles. Emerson tended to think things out in his head and write them down on paper, as opposed to Thoreau, who acted his feelings out. So how did Emerson and Thoreau change our lives? Without their pioneering essays on such subjects as #8220;Self-Reliance#8221; and #8220;Civil Disobedience#8221;, we might never be able to express ourselves without worries of fitting into the constraints and the conformity of our society. We might never be able to #8220;Dance to the beat of our ownShow MoreRelated Emerson and Thoreau791 Words   |  4 PagesWaldo Emerson and Henry David Thoreau whole-heartedly embrac ed these principles. In their essays â€Å"Self-Reliance† and â€Å"Civil Disobedience†, Emerson and Thoreau, respectively, argue for individuality and personal expression in different manners. In â€Å"Self-Reliance†, Emerson calls for individuals to speak their minds and resist societal conformity, while in â€Å"Civil Disobedience† Thoreau urged Americans to publicly state their opinions in order to improve their own government. Both Thoreau and EmersonRead MoreThoreau and Emerson1674 Words   |  7 PagesTitle: Thoreau and Emerson In today’s society each individual has the ability to thinks for themselves, but the inception of different ideas and thoughts has led to a population that’s dominated by the majority . We live in a society where a media, television and internet are the sources of manipulating a person’s mind. It also creates their mindset to determine how one think about themselves or and different view point on topic. In this particular essay I am going to be talking about two mainRead MoreEssay on Emerson And Thoreau811 Words   |  4 Pagestried my hardest to follow. The words were taken from Thoreauamp;#8217;s quote, amp;#8220;If a man does not keep pace with his companions, perhaps it is because he hears a different drummer.; nbsp;nbsp;nbsp;nbsp;nbsp;Ralph Waldo Emerson and Henry David Thoreau changed our lives. How? Well, the answer is not so simple as the statement. To understand fully how they affected our lives, we have to understand the philosophy of Emerson and Thoreau, and the relationship between the two. So letamp;#8217;sRead MoreThe True Transcendentalist: Thoreau and Emerson775 Words   |  3 Pagestranscendentalism began to start two people played a major role Ralph Waldo Emerson and Henry David Thoreau, but who is truly a transcendentalist. Ralph Waldo Emerson was born in Boston, Massachusetts on May 25, 1803. His father was a minister as well as seven of his male family members. He graduated from Harvard University at the age of eighteen. Then he taught school with his brother William for three years. Which Emerson was unhappy teaching so he decided to go and change his life.Which wasRead MoreWakefulness: Thoreau, Whitman, and Emerson1532 Words   |  7 Pagesâ€Å"To be awake means to be alive†, and to be awake during the time of Romanticism meant one could witness literature as an intellectual achievement. Henry David Thoreau, Ralph Waldo Emerson, and Walt Whitman were three authors during this time that wrote about an idea that would later become the theme of many papers, discussions and lectures, Wakefulness. Though some may not have recognized the significance of these authors’ work at the time, their ideas and beliefs have captivated the minds of manyRead MoreEmerson And Thoreau : The Ideas Of Transcendentalism960 Words   |  4 Pageslife to its fullest. Two of the most influential transcendentalist writers, Emerson and Thoreau, have lived in the Concepts box and have learned the following: Living from the inside out, Contemplating one ripple in the pond, and Building a fire in the mind. Thoreau has many influential ideas of transcendentalism, although, one of his most well know ones are how people need to live from the inside out. Emerson and Thoreau, were able to see what others saw. They took the task of seeing from othersRead MoreViews On Emerson s And Thoreau2508 Words   |  11 PagesViews on Emerson ´s and Thoreau ´s Works Ralph Waldo Emerson and Henry David Thoreau are definitely two of the most influential writers in the 19th century. Thoreau was born in Concord, and Emerson in Boston. They both attended Harvard; Thoreau decided to pursue the career of teaching because of his brothers, while Emerson decided to become a Unitarian minister just like his father. These two writers lived during the transcendentalism period and both of them used this philosophy as way of living theirRead MoreThe Ideas Of Transcendentalism By Emerson And Thoreau1264 Words   |  6 Pagesintroduction of the ideas of self-dependence and spiritual guidance. Alongside these points, the complexity of our relationship with nature was explicitly explained, and the importance of stable morals was expounded. Transcendentalists, mainly led by Emerson and Thoreau, who were the literary leaders of that time, introduced a new way of thinking that implored the world around them to get in touch with their core and their sense of right an d wrong. These writers, creators, doers, and thinkers knew where theyRead MoreRalph Waldo Emerson And Thoreau975 Words   |  4 Pagesreason. A following of the heart rather than the mind. Also the setting apart from society. There are two who comes to mind; Thoreau and Emerson. Where Emerson and Thoreau were clear examples of Bright Romanticism exemplified by the inclusion of nature, a positive view of mankind, and a poetic style that broke traditional method. Ralph Waldo Emerson exemplified him being a clear examples of Bright Romanticism with his first inclusion of nature. An excerpt talking about theRead More Emerson and Thoreau Represent American Identity1511 Words   |  7 PagesCompare and contrast the way in which Emerson and Thoreau represent American Identity. â€Å"Identity means who a person is, or the qualities of a person or group which make them different from others,† (Cambridge Advanced Learner’s Dictionary, Third Edition). Every individual, group and country has their own identity which makes them different from others and it shows uniqueness of oneself. Reaction against the existing philosophy takes place when there is conflict in interest amongst the philosophers

Research On Stem Cell Research - 1842 Words

Introduction Scientists for medical research have used embryonic stem cells in the past. Scientists have had amazing success while using these stem cells in their research. However, embryonic stem cell research has become a very controversial topic. With this controversy, it has become very hard to receive permission to do research on embryonic stem cells. Although scientists are in the early stages of research, the outcomes look very promising, making me very hopeful that this controversy will end soon, and scientist will continue to improve their medical research using stem cells. Although I had little prior knowledge of this topic, I have become very interested in embryonic stem cells. I have begun to understand how beneficial these†¦show more content†¦The technological advancements in embryonic stem cell research have been outstanding. In addition to the vaccines and treatments that scientists have already discovered, they hope to find more breakthroughs in the near future. (Xibo) S ome of the research topics scientists are looking into is replacing damaged cells, finding defects in early development that can cause diseases or miscarriages, study normal development, and also learn how medicines or toxins affect a fetus. (Klimas) Embryonic stem cells are an incredible approach to medical research. These stem cells have no defined role in what they will become. They have the potential to turn into anything from brain cells or liver cells or even muscle cells. Embryonic stem cells divide rapidly and are also less susceptible to rejection than adult cells when transplanted, making embryonic stem cells the ideal source of stem cells. They can be transplanted into a place with some damaged cells and be able to replace them and work as if they were in place before the damage occurred. (Kobe) Embryonic stem cell research has been very successful and the future is looking very promising as well. Research on these stem cells is a very controversial topic. This research is so controversial because pro ¬life activists argue that life begins at the creation of a zygote. What the creation of a zygote means is, two haploids—sex cells—have come together as one, or in other words the sperm

Reforms in the Education Industry of Australia of Economics

Question: What Forms In the Education Industry of Australia of Economics? Answer: Introduction Basically, with regards to this research study, I would like to choose education sector/industry of Australia to discuss and access the reforms in this industry. Moreover, this research study would also focus and offer a detailed description about the development, trends, growth, and improvements within this sector of the nation. Additionally, this research study would also analyze the key and fundamental roles of the government as well as non-government organizations in the growth and overall success of education industry of the country. At the same time, it is also accessed that, a series of specific trends could be seen within this industry from the last five to ten years that reflects the contribution of the government of the Australia. On the other hand, the specific and dynamic development within the education sector directly helped the nation in building strong image and reputation in the front of nations of the global world. Furthermore, it is also important to know that, the re are various specific causes behind the success and developments in this industry. For case, availability of imperative and supportive educational policies, compulsory education system, positive attitude of government etc are the fundamental reasons for the success of this industry. Reforms in the Education Industry of Australia In the present time, the Australian educational industry is one of the best and profitable industries as compare to others that helped the government in generating of long term revenues. Moreover, this industry is also considered as the most attractive, and encouraging systems that motivate, and encourage trillions of national global students/learners to take a part in the system and fulfill their dreams. It is also the cheapest and cost effective systems that encourage global students to enhance their skills, ability, knowledge and education at the lower costs. For instance, the government of the Australia had developed various types of cost effective educational policies and regulations that attract local and global students for the education in the country (Australian Government. 2004). Furthermore, the administration of the nation is also developing partnerships and building relationships that encourage and give confidence to the universities, private colleges schools, and othe r educational institutions. For case, the government is also providing financial as well as non financial support and assistances to the universities and schools so that they can build and construct innovative infrastructure. Moreover, different kinds of funds are also provided by the government to the educational institutions to support them (Group of Eight Australia. 2014). Along with this, the educational policies programs developed by the administration of the nation covers a lot of tangible and intangible benefits to the learners or students. For instance, in the Australia, the primary education is compulsory and free. A wide range of benefits are also provided by the government to all the categories of students/learners so that they can fulfill their educational needs and dreams. Furthermore, the Australian government had also developed various specific programs and strategies to the students including free education schemes, scholarship schemes, educational loan facilities, scholarship schemes that create interest in the learners about the education (Eggins, 2014). Simply, it can be said that, the educational policies, rules and strategies developed by the government are cost effective, supportive, and effective and friendly that played a key role in the development and growth of the education sector of the country. On the other hand, it is also a nalyzed that, the federal government is arrange fund facilities for both the public private schools and educational organizations (World Bank Asian Development Bank. 2007). In addition to this, the education system of the country has also played a key role in enhancing the standard of living of the people of country. It means by providing education on the regular and compulsory basis, the government is generating better job opportunities for the students so that they can enjoy their future life (Graham, 2013). Moreover, the government of the nation is also working, collaborating and developing partnerships with the global companies so that they can generate employment opportunities in the nations for the students, job seeker and learners. Simply, it can be said that, the administration is working hardly to bring innovation and developments in the education systems. It is also analyzed that, the government had also invested huge money in the education systems to make it more attractive. This is the reason that, in each and every financial year, the government increase educational budget (Bonnor, Caro, 2007). Additionally, the government of Australia is also collaborating and developing relationships with the profit, non-profit, social organizations and various educational organizations in order to develop and promote a friendly and most effective educational culture and structure. It is also analyzed that, the government is changing their pricing policy in the educational sector. For instance, from the last six years, the government had reduced educational fees for the higher education that indicates the efforts made by the government to bring developments in the systems (Croucher, Marginson, Norton, Wells, 2013). Moreover, the government had also introduced several kinds of specific educational laws and rules to make education system cost effective. In addition to this, government is also providing all the types of assistances including financial support, technical support to the educational institutions of the country to promote a friendly educational culture. For example, financial a ssistance is provided by the government to the schools, colleges, and other educational institutions for the infrastructure (Australian education system. 2017). Conclusion After analyzing the reforms within the educational sector of Australia, it can be concluded that, today, Australia has one of the best educational systems as compare to other developing and developed nations. Moreover, it can also be concluded that, the government of Australia played positive roles within the educational sector. In the same way, a lot of specific and dynamic roles are played by the government to make educational systems more effective, attractive, innovative, and friendly. Finally, it can also be suggested that, in the present time, the respectable government of each and every nation must adopt specific policies and strategies to bring development in the systems. References Australian Government (2004). Retrieved From: https://www.ibe.unesco.org/International/ICE47/English/Natreps/reports/australia.pdf Australian education system (2017). Study in Australia. Retrieved From: https://www.studyinaustralia.gov.au/global/australian-education/education-system Bonnor, C. and Caro, J. (2007). The Stupid Country: How Australia is Dismantling Public Education. USA: UNSW Press. Croucher, G., Marginson, S., Norton, A., Wells, (2013). The Dawkins Revolution: 25 Years on. USA: Melbourne University Publishing. Eggins, H. (2014). Globalization and reform in higher education. Australia: University of Michigan. Group of Eight Australia (2014). Micro-economic reform of the Australian higher education industry: Implications of the Abbott Governments Budget of 13 May 2014. Retrieved From: https://go8.edu.au/sites/default/files/docs/article/edutech_presentation__4_june_2014pdf_version.pdf Graham, J. (2013). Global Education Reform Movement. Professional Voice, 9(3), 5-47. World Bank Asian Development Bank (2007). Directions in development: Human development. USA: World Bank Publications.