Students make valuable connections during Yahoo! Company visit

A group of Hult San Francisco students took a trip to the Yahoo! headquarters in Sunnyvale this week for a special company visit featuring a recruiting presentation and private tour and even breakfast. Hults Corporate Relations, North America team sponsored the event, one of their many Tech Treks, choosing 25 students (out of 80 applicants) to visit the Silicon Valley staple on June 4. The day started with breakfast in the companys famed URLs Cafe, followed by a Yahoo! job recruiting presentation and QA session with the U.S. university recruiters and a Skype presentation from recruiters at Yahoo! India. The Hult group rounded out its visit with a tour of the campus. The Yahoo! event was not only an exciting half-day outing to a high-profile Bay Area company, but an opportunity to plant a job search seed in the minds of the students in attendance. Now, the Corporate Relations and Career Services departments will work with those who went to identify potential positions for themselves at Yahoo! and make a plan for getting a foot in the door. Photo: Timothy Payne Hult offers a range of highly skills-focused and employability-driven business school programs including a range of MBA options and a comprehensive one year Masters in International Business. To find out more, take a look at our blog Hult scores in top 20 in The Economist’s Which MBA? ranking for 2019. Download a brochure or get in touch today to find out how Hult can help you to learn about the business world, the future, and yourself. Related posts Academics Beyond (narrow) business concepts: â€Å"Soft† skills turn out to be critical skills News Building success: Dual Degree students win at USASBE Community How going beyond business at Hult helped me launch my company Admissions Accepted Students Weekend: A weekend to remember Careers Career mapping: How to become an executive in the next 5 years 0 Thought leadership How to prepare for an uncertain future in a world of AI Instagram Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021 Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021"> During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . Happy New Year, Hultians! . Happy New Year, Hultians! .

Essay on the Use of Symbols, Tensions, and Irony in The...

Use of Symbols, Tensions, and Irony in The Glass Menagerie The Glass Menagerie, by Tennessee Williams, is a perfect example of how Williams incorporates symbols, tensions, and irony to help express the central theme of the play. One of the most dominant symbols in the play is the fire escape. It represents something different for each of the characters. Tom uses the fire escape to escape from his cramped apartment and nagging mother. Therefore, the fire escape symbolizes a path to the outside world. For Jim, the gentleman caller, the fire escape represents a means of entering the Wingfield apartment and by doing so, entering the Wingfields lives. The mother, Amanda, sees the fire escape as a possible†¦show more content†¦Tom talks of his rainbow-colored scarf that was used at a magic show to change a bowl of goldfish into flying canaries. Like the canaries, Tom hopes to escape from his prison and fly away. The rainbow reflections at the Dance Hall, created by the chandeliers, foreshadow the dance between Jim and Laura. This dance gave Laura a sense of hope for herself. Later though, Tom looks at the pieces of colored glass, like bits of a shattered rainbow, which represents Lauras broken hop es and dreams. Tom uses irony as a means of keeping pain and himself apart. Amanda accuses Tom of going out drinking every night, and to this Tom makes up a humorous story about how killer, killer, Wingfield spends his nights in opium dens, dens of vice and criminals hangouts... By Tom agreeing with his mother and turning what was an argument into a form of art, based completely on exaggerations, he ends up ironically protecting himself. By turning the situation into a joke, Tom distances himself from the situation and the pain. Tom also makes a joke out of his fathers abandonment. He recalls his father as a telephone man who fell in love with long distances. He also speaks of the last time he heard from his father with another ironic twist, a postcard saying nothing but, Hello-Goodbye. Ironically, the last words spoken by Tom in the play are the same as his fathers-and soShow MoreRelatedwisdom,humor and faith19596 Words   |  79 Pagescreativity, serenity, humility, clarity about what is, empathy, insight, intuitive understanding, patience, reality, self-awareness, and truth.3 Another prominent wisdom researcher, Robert Sternberg, believes that â€Å"people are wise to the extent that they use their intelligence to seek a common good. They do so by balancing, in their courses of action, their own interests with those of others and those of larger entities, like their school, their community, their country, even God.† In fostering wisdom,

Jane Eyre by Charlotte Bronte - 581 Words

â€Å"This book might have been written by a woman but certainly not a lady.† It is bildungsromane (Triska); a type of novel concerned with the education, development, and maturing of a young protagonist (Dictionary.com). Jane Eyre was a very shy, plain, and reserved person. Even though she had a very plain look she had a passion that wasn’t expected of her (Green). She also had hopes and dreams and aspirations. So I wonder, how might Jane Eyre react to the women of today? All in all I think she would probably be proud of the women of today because she placed high value in self-respect, she did not approve of the high value placed in beauty, and she wanted to be proud without being ungrateful. Some of the women today probably have the same morals. On the day of Jane’s wedding during the ceremony, Mr. Rochester’s â€Å"wife’s† brother comes and claims that he is already married (Brontà «). Mr. Rochester believes he is no longer married because his wife is crazy and it is not a real marriage (Brontà «). After this Jane will not marry Mr. Rochester because of the amount of respect she places in herself. Although Jane was aware that she was not beautiful, she refused to sacrifice her self-respect by marrying a man that was already married. Throughout the book the Victorian culture is constantly criticized because of the high value placed in beauty (Triska). In the Victorian era the ideal for women was almost unachievable. To qualify as beautiful you had to have a 12 inch waist and a wearShow MoreRelatedJane Eyre By Charlotte Bronte1601 Words   |  7 Pagesfeminist, one must see it through the lens of the time and place Brontà « wrote it. Charlotte Brontà «Ã¢â‚¬â„¢s Jane Eyre was a feminist work in that Bronte expressed disdain for oppressive gender structures through the voice of Jane Eyre, and the actions of Bertha Mason. Jane Eyre was a steamy novel for its time, with imagery as blatantly concealed as Jane’s description of Rochester’s hand as being â€Å"rounded, muscular; and vigorous†¦long, strong†¦Ã¢â‚¬  (Brontà « 312) A modern reader might blush at the description and itsRead MoreJane Eyre By Charlotte Bronte1437 Words   |  6 Pagestools that depict history. One great work of art that portrays these constant struggles is Jane Eyre by Charlotte Brontà «. While addressing social issues of a governess, Brontà « also tackles Victorian society’s corrupt and unjust ideals by using different settings and characters such as Mr. Rochester and Gateshead Manor. In Jane Eyre, the depiction of a rigid social class restricts the protagonist, Jane Eyre, from marrying her love, Mr. Rochester. Sadly, Jane’s relationship is also jeopardized by passionRead MoreJane Eyre By Charlotte Bronte1374 Words   |  6 PagesJane Eyre by Charlotte Bronte Within the specter of the Gothic fictions arises the atmosphere of gloom, terror, and mystery with some elements of uncanny challenging reality. One major characteristic function of the Gothic fictions is to open the fiction to the realm of the irrational and perverse narratives, obsessions, and nightmarish terrors that hide beneath the literally civilized mindset in order to demonstrate the presence of the uncanny existing in the world known rationally through experienceRead MoreJane Eyre by Charlotte Bronte781 Words   |  3 PagesThrough her trials and tribulations, Charlotte Bronte has kept her passion for poetry alive and remains as one of the most influential British poets of all times. Even though she is one of the most famous female writers of all times, she is mostly famous for her most popular novel Jane Eyre. Charlotte Bronte has experienced more tragedy in her life than happiness by losing her mother and all five of her siblings. But, in her moments of tragedy, she expre ssed her feelings through poetry. As a resultRead MoreJane Eyre, By Charlotte Bronte949 Words   |  4 PagesSurrounded by witnesses, Jane stands in front of the minister, poised to take her marital vows as the mystery of Thornfield unravels. Unbeknownst to her, Rochester’s actual wife, Bertha Mason, is within close proximity.The knowledge of Bertha, and the mystery, will pose as a test to Jane s morals and her character. Through Jane Eyre, a powerful Victorian-era novel, Charlotte Bronte portrays the role of women in Victorian society while masterfully solidifying Jane’s role as its polar opposite: anRead MoreJane Eyre By Charlotte Bronte1714 Words   |  7 Pages Jane Eyre by Charlotte Brà ¶nte voiced the radical opinions of Brà ¶nte on religion, gender, and social class. Jane Eyre, a young orphan who lived with her vituperative aunt and cousins, strayed away from the Victorian ideals of a woman and established a new status for herself. Jane Eyre was originally written in 1827 and was heavily influenced by the late gothic literature of the 19th century. Gothic literary aspects such as supernatural occurrences, mysteries and dark secrets, madness and dangerRead MoreJane Eyre, By Charlotte Bronte1620 Words   |  7 PagesIt is often said that it is the role of literature to challenge and confront the conventional values of a society. In the novel, Jane Eyre, by Charlotte Bronte the idea of challenging and confronting conventional values is stressed often. Perhaps it is in relation to the author herself, as seen in the autobiographical elements recognizable throughout the novel. Some of these autobiographical elements include the form of which the novel is written in, called Bildungsroman where the story is focusedRead MoreJane Eyre By Charlotte Bronte1203 Words   |  5 PagesThe nineteenth-century Jane Eyre by Charlotte Bronte is considered to be a gothic novel. Gothic literature took place mostly in England from 1790 to 1830, falling in to the category of Romantic literature. The Gothic takes its roots from previous horrifying writing that extends back to the Middle Ages and can still be found in writings today by many authors including Charlotte Bronte. The strong description of horror, abuse, and gruesomeness in Gothic novels reveals truths to readers through realisticRead MoreJane Eyre, By Charlotte Bronte929 Words   |  4 PagesIn Jane Eyre, by Charlotte Brontà « explores how Jane wants to find love--not just romantic love but to value and sense of belonging. The book challenges how the language of middle-class love affects the way a character’s self-identity can alter the action, how Jane sees herself later when she found love and sense of belonging as independent women. When Jane was a child she struggles to find her own identity Jane begins to change through her journey once she realizes her own identity and this helpsRead MoreJane Eyre By Charlotte Bronte1359 Words   |  6 PagesFollowing the ex periences of Jane Eyre, Charlotte Bronte, expresses many elements of gothic literature throughout her novel Jane Eyre. In her perfect understanding of gothic literature, she expresses the three types of evil commonly found in gothic literature, including the evil of the supernatural, the evil within or the instinctual evil motives of humans, and lastly, the evil because of societal influence. Jane Eyre experiences all of these three evils with her aunt and three cousins with her residency

Financial Reporting of ANZ Bank †Free Samples to Students

Question: Discuss about the Financial Reporting of ANZ Bank. Answer: Introduction Financial reporting is one of the major aspects that one has to construct in order to understand the financial position of any organization. This paper has been constructed to report that is to the forwarded to the CEO of ANZ Bank in order to understand the main issues regarding the allegation of the bank to set interest rates on the commercial and business loans so that the bank benefits out of it. ASIC, the regulator of the financial market who act to protect the interest of investors has seen this action as a breach of lending and therefore was fined a penalty for their actions (Erb and Pelger 2015). The report will answer the all the issues that are related to this incident thereby helping the CEO to gain knowledge about the final outcome. This section of deals with how the commercial and business loans are shown in the financial statement of ANZ Bank. This statement is in compliance with the Section B4.4.1 of Section 4.4, which explains the reclassification of financial assets. This section asks the entities to reclassify the financial assets if the entity alters their business model for handling the financial assets. Section B4.4.1 (a) reveals that a body is a portfolio of the commercial loans that it holds on to sell in the short term. It is seen that the unit requires to acquire an organization that handles the commercial loans and has a business framework that controls the loans so that contractual cash flows can be obtained (Birt et al. 2014). The commercial loan portfolio is not for sale and the portfolio is now handled together with the commercial loans that have been gathered and everyone of the them are stored in order to collect the contractual cash flows. It is seen that with respect to ANZ Bank, it is seen that they are record the commercial loans by keeping in line with the AASB 9 so that the report becomes true and fair and becomes easy for individuals to understand. The commercial loans are recorded in the asset side of the balance sheet of the annual report of ANZ Bank and are included in the net loans and advances. This question tries to answer that whether ANZ requires to report the the allegations given out by ASIC with respect to the Bank Bill Swap Rate in the financial statement of the annual report of 2016. It is seen that it is essential for ANZ Bank to report the allegations that have been published by ASIC regarding them. It is seen that as Bank Bill Swap Rate is associated with the financial statement, therefore any allegations made by ASIC requires to be reported in the financial statement. The process of reporting involves associating with AASB 9 Section B3.2.16 (a) which illustrates the implementation of the de recognition principles of the Standard (www.shareholder.anz.com 2017). This section explains the agreements of repurchase and the securities lending. It is seen that if an asset that is financial in nature is sold with a contract to repurchase it at a price that will be fixed or at a selling price with addition to the lenders return or it the asset is loaned with a contract t o return as the transferor keeps the substantially then the overall reward and risks of the ownership (Laswad and Redmayne 2015). It is seen that if the transferee gains the power to pledge or sell the asset, then reclassification is done by the transferor regarding the asset in their report of the financial condition, for instance as a asset that is loaned or receivables that are repurchased. It is seen that a superior cash management regulations and policies that can make sure that a financial institution has cash on hand to invest in the working capital that are the major reasons that has an impact on the assets in the balance sheet. The various components of the cash management policy that have an impact on the value of the financial assets are inclusive of the accounts receivable collection and cash reserves. It is seen that the cash reserves raise the value of the cash that is kept in bank accounts. This makes sure that the liquidity is maintained high and the firm can pay their bills when the cash in hand falls due to fall in the revenue of sales (Mardini, Crawford and Power 2015). On the contrary, efficient collection of accounts receivable process try to reduce the time, which it takes to gather the money that is owed to the financial institution. In the balance sheet, it looks like a fall in the account receivables amount and a rise in the cash in hand. Internal control is one of the major factors that have the ability to have an impact on the value of the inventory and cash on the balance sheet. It is seen that internal controls is accumulation of the procedures and policies constructed to protect the assets of the business by deterring intrinsic frauds and thefts. The controls that are ineffective raise the risk that staff fraud and theft will reduce the value of the cash and the inventory within the balance sheet. This section of the paper deals with the payment of the penalty that has been levied on ANZ Bank due to their fraudulent activity with respect to granting of commercial loans. The question that is under consideration is respect to the recording and reporting of the payment of the fine in the financial statement of ANZ Bank. This question is line with AASB 137 and this query is answered in the refunds policy of the organizations. With respect to the scenario, it is seen that a provision is identified for the appropriate forecasting of the costs of the refunds that are seen in the paragraphs 10 that explains constructive obligations and paragraphs 14, 15 and 17. These are the paragraphs that explain about the refund policy that is used by ANZ for payment of the fine. With respect to the current scenario, it is seen that payment of fine is a constructive obligation of the as the bank is obligated for the payment of the fine as they have been found guilty of their activities (Henderson et al. 2015). It is seen that constructive obligations is derived from the activities of an organization where with the help of the constructed trends of the precious practices with the help of the founded policies and the adequately relevant present report, the bank has revealed that other parties that will acknowledge various accountabilities and as an outcome the party has established a suitable expectation on the section of the of those parties who will give out the responsibilities. Therefore, these payments are recorded in the balance sheet as the contingent liabilities. This question deals with the reporting of the overdraft in the annual report of ANZ Bank in the year of 2015 and 2016. The report will be published only after the investigation of the ASIC is over. With respect to the scenario that is under consideration, it is seen that this is in compliance with AASB 107. Section 8 of AASB 107 explains the cash and the cash equivalents with respect to the overdraft reporting of the firm. It is seen that borrowings are considered as financial activities. Conversely there are few countries the bank overdrafts that are repayable on the demand creates an intrinsic part of the cash management of the business unit. In this situation, the bank overdrafts are inclusive as part of the cash and cash equivalents. A feature of such arrangements of banking is that the balance of the bank often varies from being positive to overdrawn (Barth 2013). The overdraft is shown as a liability in the balance sheet and it is posted separately from the other liabilities as it can be offset with the remaining cash balance of ANZ. Therefore, it can be said that in the annual report of 2016 the overdraft will be shown and as the penalty is levied in the year 2016, no actions will be taken in the annual report of 2015. This question is in relevance to the appropriate treatment to write off the bad loans in the account of ANZ Bank in the financial statement of their annual report. This problem is in line with AASB 1032 Section 1 of the accounting policies. The financial report has been prepared with regards to AASB and other requirements relevant to reporting. The accounting policies implemented are stable with respect to the similar financial year. The financial statement has been constructed on the accrual basis of accounting by making use of the historical cost accounting exclusive of areas where it is indicated. The carrying value of all the assets that are non-current are evaluated according to the reporting date to make sure that they do not surpass their amounts that are recoverable. The amount that is recoverable is discovered as the net amount that is predicted to be recovered from the cash flows rising from the sustainable use and the subsequent asset disposal of the asset or a collection of assets. The advances and the loans are identified at the recoverable value after analysing the required provisions required for impairment. The impairment of the loan is identified when there is a certain amount of doubt that the entire principal and the interest value can be gathered with respect to the loan agreement terms (www.aasb.gov.au 2017). Te impairment is analysed by particular recognition with relation to the individual amounts by forecasting the predicted losses in accordance to the loan portfolios where relevant recognition is illogical. It is seen that the bad debts are written off whenever they are recognised. If there is a provision for impairment is discovered in relation to the loan, write offs for the bad debts are created against the provision. If there is no previous provision for impairment has been discovered then bad debt write offs of the bad debts are identified as expenses in the profit or loss account. It is therefore, seen that ANZ Bank with relation to the accounting standard will even recognise the bad debt write off to be an expense in the profit or loss account as they did not create a provision earlier. This question discusses about the impact of the probable defaults on financial performance and position of the years to come for ANZ Bank. It is seen that there are various impact on the potential defaults and it is seen that these defaults have an impact on the revenue of the bank. The operational activities of the firm even get affected due to potential defaults. The potential defaults even have an impact on the liquidity and the credit management of the firm. Therefore, these factors can be taken into consideration so that the improvement in the financial performance can be accomplished. The maintenance of a risk management technique can be helpful for the upliftment of the financial performance. Conclusion The analysis of the paper reveals the impact of breach of act by ANZ Bank with respect to the business loans. The paper even discovers that AGIC identifies this mistake and fines a penalty that requires to be paid by the bank. The posting of the various transactions in the financial report and sending them to the CEO is the main aim of the study. The paper identifies that all the transactions are posted with respect to the various AASB accounting standard that is helpful for free and fair preparation of the report that will help individuals to understand the report. Reference List Anon, 2017. [online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB9_12-14.pdf [Accessed 17 May 2017]. Anon, 2017. [online] Available at: https://www.shareholder.anz.com/sites/default/files/2016_corporate_sustainability_report.pdf [Accessed 17 May 2017]. Barth, M.E., 2013. Measurement in financial reporting: the need for concepts.Accounting Horizons,28(2), pp.331-352. Barth, M.E., 2015. Financial accounting research, practice, and financial accountability.Abacus,51(4), pp.499-510. Birt, J., Chalmers, K., Maloney, S., Brooks, A., Oliver, J. and Janson, P., 2014. Accounting: Business Reporting for Decision Making 5e. Birt, J.L., Muthusamy, K. and Bir, P., 2017. XBRL and the Qualitative Characteristics of Useful Financial Information.Accounting Research Journal,30(1). Carey, P., Potter, B. and Tanewski, G., 2014. Application of the reporting entity concept in Australia.Abacus,50(4), pp.460-489. Cohen, S., Cohen, S., Karatzimas, S. and Karatzimas, S., 2017. Accounting information quality and decision-usefulness of governmental financial reporting: Moving from cash to modified cash.Meditari Accountancy Research,25(1), pp.95-113. Erb, C. and Pelger, C., 2015. Twisting words? A study of the construction and reconstruction of reliability in financial reporting standard-setting.Accounting, Organizations and Society,40, pp.13-40. 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