Accting 7014 Management Accounting For Assessment Answers
Answer:
Introduction
In order to set up a business in Australia, the proprietors have to follow certain steps. The development of the businesses depend on these steps as all the steps are interrelated
Process
Step 1: Registration of the Company
In this step, the proprietor needs to determine that whether the company will be a service provider company or the company will sell products. In addition, the needs of the potential customers needs to be determined
Step 2: Registration through Online Form
In this step, the registration of the company needs to be done through the filling of online registration form
Step 3: Selection of Name, Logo, Mission, Vision and Goals
In this step, the business is provided with a name and specific logo. After that, the mission and vision statement of the company will be developed. Lastly, the goals of the company will be determined that will provide the company with necessary directions
Conclusion
From the discussion, it can be seen that three major steps are there to set up a new business in Australia. They are registration of the company, registration with the help of online form and to provide the name, logo, mission, vision and goals of the company.
References
Jeston, J. and Nelis, J., 2014. Business process management. Routledge
Dumas, M., La Rosa, M., Mendling, J. and Reijers, H.A., 2013. Fundamentals of business process management (Vol. 1, p. 2). Heidelberg: Springer
Vom Brocke, J., Schmiedel, T., Recker, J., Trkman, P., Mertens, W. and Viaene, S., 2014. Ten principles of good business process management. Business process management journal, 20(4), pp.530-548
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