Provide a brief overview of ABC Learning Centres (focusing on the nature of the operations, their business model, business risks that they would have faced and the inherent risks). Outline the major...

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Provide a brief overview of ABC Learning Centres (focusing on the nature of the operations, their business model, business risks that they would have faced and the inherent risks). Outline the major accounting issues that contributed to the collapse of the company. Did the auditor’s report reflect appropriately on the state of the financial affairs of the company (obtain and examine at least the last three years of the Company’s annual and auditor’s reports)? Analyse the role of auditors in the collapse of ABC Learning Centres. What consequences did the auditor (s) of ABC Learning Centres face? Briefly discuss the regulatory and legislative reforms that ensued the collapse of ABC Learning Centres in Australia.


Assessment 3 BUS304 Due Oct 29, 2021 This is an individual assessment. Hofstede’s Cultural Dimensions 1,500 to 2,000 words plus or minus 10% Geert Hofstede outlined a theory that would describe a way that cultures from around the world compares. His work would help companies expand their operations around the world. The Hofstede’s work would also assist company managers understand how different nationalities would interact within a firm. For the final assessment use the Hofstede’s culture dimensions theory to explain how your own culture compares to another. You might select your own culture and that of Australia, or the USA, or Germany, France, England or Japanese. The choice of another nation is up to you. This will require an introduction paragraph to explain why you have chosen your alternate culture. You will need to describe the differences between your own culture and another by using the six categories in the Hofstede’s theory. Therefore, there will need to be a paragraph for each of the six categories of culture. You will need to provide a description in a separate paragraph on how the two cultures might work together in a business situation a personal level. A conclusion paragraph giving your view on the value of understanding Hofstede’s culture dimensions theory in business. Paragraph list 1. Introduction 2. Individualism vs Collectivism - comparing your two nations 3. Power Distance - comparing your two nations 4. Masculinity vs Femininity - comparing your two nations 5. Uncertainty avoidance - comparing your two nations 6. Long term vs Short term orientation - comparing your two nations 7. Indulgence vs Restraint - comparing your two nations 8. How do you think Hofstede’s theory can be applied to business or your own skills in cultural awareness? 9. Conclusion paragraph. How do you think it reflects on leadership? The work will be marked based on the following: 1. References. I would expect to see at LEAST 10 references. Only a maximum of four web sites. 4 marks 2. Bibliography. A list of references in a standard format at the end of the document. 3. Word count. Please do not provide any more than 2,000 words. The work must be between 1,500 and 2,000 words. 4 Marks 4. Similarity. Keep the similarity below 15%. If the similarity goes higher than 15% it will begin to impact on the total mark for the paper. If the similarity is higher than 50% the work will fail. Impacts all marks 5. Introduction. The way you have written the introduction to the paper. Have you managed to clearly state the significance of Geert Hofstede’s cultural dimensions theory. 4 Marks 6. Conclusion. How well have you related the theory to your own situation or how it relates to business? 4 Marks 7. Writing quality. Although for many students English is a second language, it is important that you write in a good style that would be acceptable in a business setting. There are ample tools in Microsoft Word to ensure small mistakes are addressed. Double check your work for clarity. The mark will also consider word count. 4 Marks 8. Theory. Make sure you refer to the theory. Do not make things up, refer to what the Hofstede’s theory says. 4 Marks 9. Understanding. This is an assessment of how well you understand the concept of Hofstede’s work in cultural dimensions. 4 Marks 10. Title page and heading outlining the topic being covered. 4Marks Some help. The PowerPoint for Week 9 covers Hofstede’s theory. A search on www.scholar.google will reveal a massive number of academic studies on the theory. A search of YouTube will also uncover many explanatory videos on Hofstede’s cultural dimensions theory. Examples; ML Jones, 2007, Hofstede-culture questionable? Also, Culture Dimensions, G, Hofstede, 2003 Look for both of these on scholar.google.com But there are 155,000 references in Scholar.google.com for Hofstede, so there is lots to choose from.
Answered Same DayNov 03, 2021

Answer To: Provide a brief overview of ABC Learning Centres (focusing on the nature of the operations, their...

Tanmoy answered on Nov 03 2021
108 Votes
Overview of ABC Learning Centres
Introduction
Nature of operation
ABC Learning Center is the largest child care provider in Australia. The ultimate function of ABC Learning is delivering day care facilities to millions of people in Australia’s. further, ABC Learning provides day-care facilities to the children
with age between six weeks to pre-school age. They also provide education along with training facilities to the employees and nurses who takes care of the children in the day care facility. It is obligatory on the part of Board of Directors of ABC Learning Center to work for the best interest of the company. Further, the owner of ABC Learning Center named Zeynep Elgin illustrates of the values it provides to the children, their parents as well as the educators for the development of their future (Zeynep Elgin - ABC Learning Center, 2014). As per research conducted by SFDP it was found that the best care for the babies is found in the group or family day care settings and was alike the relationship between the infant-mother (Harrison & Ungerer 1997). Further, if the care provided by the center is poor, then the infants in the day-care facility becomes insecurely dependent on their mothers than being aligned to the home-care facilities (Sagi et al. 2002). The higher was the quality of childcare, the higher was the education and social achievements of the child (Early, D. M., Maxwell, K. L., Burchinal, M., Alva, S., Bender, R.H., Bryant, D., et al.; 2007)
Analysis
The business and the Inherent risks
Due to the various aspects of business strategy of ABC Learning Center, there was an increase in the business risk of the organization. This resulted in rapid expansion in the market share of ABC Learning, increase in the debt and high foreign investments. Further, there was rapid rise in the market share of the company. ABC with its 2200 centres in four countries were unable to manage the rapid growth due to its defective policy. The debt of ABC increased as they started to acquire the weaker and loss-making learning centres. As the risk of the company is increasing, there was enhanced risk with the present strategy where it required to pay for the business or was powerless to integrate it efficiently. The more contracts were signed by ABC, there was an increase in the debt. Therefore, it was the principal-based accounting standard which was much more beneficial for ABC Learning. This form of accounting is flexible according to the situation, it can reduce manipulation of the policies according to the financial statement and is close based on the actual performance of the company.
There were billions of dollars of discredited intangible assets which was a part of ABC’s Balance Sheet. The profits were heightened fast due to acquisitions and due to the huge intangibles, which was about 70% of its assets. Further, the inherent risk associated with the asset valuation was huge and as per Dr. Ross it is considered as a red flag. This meant that the balance sheet of ABC was weak. The company list of assets was around $4.5 billion of which $3 billion is associated with intangible assets. This...
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