Saving world for a latte - Free Essay Example

Sample details Pages: 4 Words: 1224 Downloads: 10 Date added: 2017/06/26 Category Statistics Essay Did you like this example? Saving the World for a Latte Its trash day in Everett, Mass., and the streets are lined with garbage cans. But as a white truck rumbles through this working-class suburb of Boston, theres something overshadowing the roadside cans: huge 96-gallon maroon recycling containers. At each stop, workers wheel the bins onto hydraulic lifts on the back of the truck. Don’t waste time! Our writers will create an original "Saving world for a latte" essay for you Create order They pull a lever and a clanging mix of beer bottles, soup cans, milk jugs and newspapers spills into the truck. Before swallowing up that waste, the high-tech system scans radio-frequency ID tags embedded in the containers and weighs how much each household recycled that week. That data is instantly transmitted to a Web site, where its converted into points that homeowners can redeem for discounts at stores like CVS or on national brands like Coke. Basically, its like a frequent-flier program for recyclers. Turning trash into treasure is the premise behind RecycleBank, a four-year-old green-tech startup out of New York that runs the Everett program. The brainchild of two high-school science partners, RecycleBank hopes to be serving 1 million U.S. homes by the end of 2009. The logo on those binsa piggy bank with a garbage can stuck to its rumpgets at the companys simple proposition: What if you could be rewarded for recycling? The answer: soaring recycling rates in the East Coast markets where the company has rolled out. Wilmington, Del., has seen its recycling rate jump from 3 percent to 32 percent since RecycleBank arrived a year ago. In Everett, where the program launched citywide in July, the average household now recycles the equivalent of 830 pounds a year, up tenfold since the program launched. The recycling buzz is out there, says Everett Mayor Carlo DeMaria. Its fun filling that thing up to the top. Perhaps its a commentary on the woes of Wall Street, but investors are seeing gold in garbage. With rising demand from markets like China and India, prices for scrap material like aluminum and paper have soared, which makes the economics of recycling more compelling than ever. Thats why venture capitalists dumped a record $161 million into recycling firms last year, up from just $17 million in 2001, according to Cleantech Group, a green-investing consultant. And RecycleBank is one of the hottest plays, attracting $40 million from backers like Silicon Valley venture-capital firm Kleiner Perkins Caufield Byers, former American Express CEO James Robinson III and Coca-Cola. The company was conceived six years ago when Fordham law student Patrick FitzGerald became transfixed by a New York Times story describing how Gotham was considering ditching recycling because it wasnt working economically. FitzGerald wondered: Would people recycle more if you gave them a financial incentive? He took that idea to his old high-school chum Ron Gonen, then an MBA student at Columbia University. Gonen worked up a Web-based business plan and convinced Columbia to kick in $100,000 to incubate the idea. Today, RecycleBank has 80 employees and operates in nine states, mostly on the East Coast. (FitzGerald left RecycleBank last year to start up two other green ventures). Now, though, RecycleBank is testing its appeal by expanding into unfamiliar territorythe South and Midwest, where recycling rates are the lowest in the country. This fall, RecycleBank bins are wheeling into Texas, Ohio, Minnesota and South Dakota. Nationally, Americans recycle 32.5 percent of the mess we make, double the rate we recycled in 1990. Fueling that growth lately has been the move to single-stream recycling, where you throw all your recyclables into a single bin, rather than separating them, a convenience that made RecycleBank possible. But recycling is most prevalent on the coasts. In the Midwest and South, recycling rates are often in the single digits to nonexistent. Thats not driven by some regional lack of virtue. Its all about economics. In the wide-open spaces in the countrys interior, building a landfill is a cheaper propositionand so are the fees cities pay to dump there. So theres less motivation to fill those blue bins. Technically, everybody is supposed to recycle, says Bob Novak, a Sioux Falls, S.D., waste hauler whos bringing RecycleBank to town this month. But very few are doing everything they could. Theres lots of room for growth. Gonen, 33, remains undaunted by the lack of conservation culture in the center of the country. His companys appeal has never been solely about doing the right thing. Its a pocketbook play: Households get 2.5 points for every pound they recycle and can earn a maximum of 450 points a month. Each point is worth a dime, so the monthly max is $45. You can redeem those points for a Latte at Dunkin Donuts or to cut your grocery bill. I dont think culturally its a tough sell, says Gonen. Our customer is anyone who lives in a home and buys stuff. Anyone Ive met in the Midwest lives in a home and is a consumer. RecycleBank makes its money from fees paid by its retail partners for online advertising and other marketing support. It also can make millions splitting the savings cities realize from diverting trash from the dump to materials recovery facilities that sort it, crush it and ship it out for reuse. Take Everett, which pays $76 for every ton of garbage it tips into landfills. Since RecycleBank arrived, garbage trucks are picking up 14 tons of recycling a day, instead of 3 tons. Thats 11 tons of trash no longer going to the dump daily. RecycleBank also is compiling a vast database of green consumers it can sell to marketers; the company hopes to service 10 million homes within five years. RecycleBank doesnt run the trucks, says Scott Vitters, a recycling exec at Coke, which has invested $2 million. They are a marketing tool. Green as it is, RecycleBank is still running in the red. SEC documents from RecycleBanks only publicly traded investor, Casella Waste Systems, indicate the company lost about $2.5 million in the three months ended July 31, suggesting an annual burn rate of $10 million. RecycleBank says those numbers are outdated, and Gonen promises profits by the first quarter of 2010. Thats just fine with his investors. If we wanted it to be a smaller, more profitable company, we could do that right now, says Stuart Ellman of RRE Ventures. Wed rather build out the company and lose some money early on. To RecycleBank customers, the goal is to build up the points as quickly as possible. Sure, some have tried gaming the system, hiding bowling balls in the bottom of the bin, but many are simply confused about what you can toss. The waste haulers are trained to spot contaminated loads and can reject them by pushing a red button on the truck, which automatically generates a letter to that home on what can be recycled. On Winslow Street, the workers reject a container weighed down with wood. As they head off, the elderly homeowner comes hobbling after them on a cane. Wood is not recyclable? he asks. Told its not, he scurries back, removes the wood and wheels his bin back to the truck to be weighed and dumped. And most important, so he can earn his points. After all, saving the planet is fine. But saving a buck is even better.

Case Hcc Industries - 2151 Words

08 Fall 08 Fall 1. Evaluate the decision to use â€Å"minimum performance standard â€Å" (MPS) targets instead of â€Å"stretch† targets. We evaluate the decision to use â€Å"minimum performance standard† targets by looking at how good this new target system achieves the four purposes of planning and budgeting processes. First of all, planning and budgeting processes have to enhance management control. Derived from the case, we think corporate managers have too much control on the targets. General managers give corporate managers an estimate of the targets they can achieve but in all the divisions, targets were adjusted. The CEO always has the last call on the targets and in the case of Sealtron we see that this isn’t good. No one believes Sealtron†¦show more content†¦2. Should HCC managers have expected that the MPS target-setting philosophy would be equally effective in all four operating divisions described? No, they should not think so. The new MPS budget system has both advantages and disadvantages, which do not have effect on every division to the same extent and thus result in the difference of the effectiveness of the MPS target-setting philosophy on different divisions. We will answer this question with the comparison of the 4 divisions’ reaction to the MPS system by looking over the characteristics of their managers, staffs, markets and other relevant aspects. We believe that Hermetic Seal is relatively suitable for the MPS philosophy. As mentioned in the text, Hermetic Seal’s customers were mostly military customers, indicating that their contacts and sales did not change significantly according to the economic fluctuations and were more or less stable. So Hermetic Seal was more likely to make a correct expectation about their future and make an achievable, as well as challenging, budget, which is the key of the MPS. Mike, the manager of Hermetic Seal, who was looking for a large bonus, would make more conservative budgets to ensure that he could always meet the targets. He intentionally lowered the budget target that he used to make, in order to let off the pressure to meet the targets, so at the same time he reduced the motivation to fight for more challengingShow MoreRelatedCase Hcc Industries2159 Words   |  9 Pagesbudgeting processes. First of all, planning and budgeting processes have to enhance management control. Derived from the case, we think corporate managers have too much control on the targets. General managers give corporate managers an estimate of the targets they can achieve but in all the divisions, targets were adjusted. The CEO always has the last call on the targets and in the case of Sealtron we see that this isn’t good. No one believes Sealtron can achieve a PBT of 1milion $ and still the CEO wantsRead MoreHcc Industries988 Words   |  4 PagesHCC 1. Evaluate the decision to use â€Å"minimum performance standard† (MPS) targets instead of â€Å"stretch† targets HCC has changed from ‘stretch’ performance targets to ‘minimum performance standards’. This was because the stretch targets didn’t work very well. The ‘stretch’ targets are doing a good job in companies that have a great understanding of their markets and that can influence the market. HCC however is too small to do marketing and market research, so it hasn’t enough information about theirRead MoreHcc Industries Essay1127 Words   |  5 PagesHCC industries, a manufacturing company that produces hermetically sealed electronic connection devices along with microelectronic packages, is headquartered in Encino, California. Considering their highly sophisticated product line, one of HCC’s main clients was the U.S Military and government funded aerospace programs. HCC is made up of four distinct operating divisions: Hermetic Seal, Sealtron, Glasseal, and Hermetite. The divisions are highly decentralized and completely autonomou s of each otherRead MoreConstruction Industry Profile1595 Words   |  7 Pages PART- A INDUSTRY PROFILE PART-A INDUSTRIAL PROFILE |Indian Construction Industry is highly fragmented. There are mostly |[pic] | |unorganized players in the industry which work on the subcontracting basis. As| | |the construction activity being labour intensive, construction companies have | | |been mainlyRead MoreHcc Industries3850 Words   |  16 Pagescorporation work properly to achieve the objectives and give them incentives by bonus related to performance. From this point of view, the budget system should be reasonable, achievable, and also have some challenge to ensure the hard working. HCC Industries was using â€Å"stretch† performance targets until 1987. The main idea of using â€Å"stretch† targets was to motivate managers to perform at the highest level possible by setting aggressive targets with probability of achievement between 75 % and 80 %Read MoreEssay on HCC Industries2633 Words   |  11 PagesContext    HCC   Industries   is   a   small   publicly   owned   company   headquartered   in    California   that   has   four   divisions   across   the   United   States.   Three   divisions    manufacture   and   sell   hermetically   sealed   electronic   connection   devices   of   various    types,   while   one,   Hermetite,   produces   microelectronic   packages.   HCC’s   divisions   are    very   self- ­Ã¢â‚¬ contained   and   independent.   ARead MoreNational Health Care For The United States1569 Words   |  7 PagesHealth Care Spending in the United States In America, health care is one of the most profitable industries. You can’t look at health care as one entity; it is a combination of several different entities rolled into one. The parties that are considered stakeholders in the industry are federal government, state government, physicians, nurses, insurance companies, investors, and patients. In an industry that is driven by money and the need for profit, health care facilities are able to set prices asRead MoreEssay on The Affordable Care Act963 Words   |  4 Pages(www.healthcapital.com, 2013). Key issue in health care industry is the quality of doctors and the number of doctors available, this ACA mainly aims to address the issue of all citizens especially poor. The constituency of the act makes the US government to think about the Supreme Court Judgement about emphasising all citizens should have health insurance (NYTimes, 2014). Following are the arguments concerning ACA execution: ï  ¶ In this case law is enforced on any individual it is a constituency.Read MoreHepatitis C Is An Infection Of The Liver Caused By The Virus1658 Words   |  7 Pagesfifties and sixties, born between 1945 and 1965. One attributable cause is believed to be the transmission of the contaminated blood through organ transplants and drug injections. It is expected that compensated cirrhosis and Hepatocellular Carcinoma (HCC) will increase by over 80 percent from the year 2000 to the year 2020. Over the same period, it is estimated that decompensated cirrhosis would increase over 100 percent and that liver-related deaths would increase by 181 percent (Davis GL, AlbrightRead MoreDifferent Departments and its functions These sections are vital components by which the airline1300 Words   |  6 PagesControl Center (HCC) Hub or Station control (generally operations control) monitors the aircraft, crew and passenger manifestation along with coordinating A/C turnaround time as per ETD/ Slot (ATC) has been given. They have different systems to control INT. And Dom. Traffic. They actively message between Airport (AOCC), Airlines and the service provider (GHA) thereby controlling the delay caused by any unforeseen disruptions and hence reducing the ground time and cost to the Industry. k) Airport Operations

Frog Free Essays

I have to start this out by saying that Julia Roberts is one of my favorite female actors around today. This particular movie that she is in, Erin Bronchi, is when Julia Roberts was In her prime Erin has been divorced twice and is a gorgeous mother of three In her thirties. Erin starts out Jobless and In a very messy court case the resulted from an unclear car accident. We will write a custom essay sample on Frog or any similar topic only for you Order Now The accident put her $17,000 In debt due to her hospital bills and of course the car. Due to Rein’s current circumstances, she is desperate for a job so she begs her lawyer until he finally caves in and gives her a low paying job as a lawful associate in a California firm. Erin dresses very trashy and she speaks her mind, which is actually quite inappropriate at times. But none the less, one day at work she was sorting paperwork relating to real estate cases, Erin stumbles on to some medical records in a file that she was organizing. On the spur of the moment, she carries out a little exploring which results In her believing that the and that was bought by Pacific Gas and Electric is the identical property that had hexameter chromium contamination resulting from Pacific Gas and Electrics environmentally negligent activities. Hexameter chromium is a toxic and deadly chemical that causes cancer. If you think that’s bad it gets worse by targeting the kidneys, eyes respiratory system, skin and liver. It Is estimated that 558,000 workers are potentially exposed to hexameter chromium In the united States. To make matters even worse, the Pacific Gas and Electric company was handing out pamphlets hat said that hexameter chromium was healthy for you. After all of these discoveries, the Pacific Gas and Electric company was immediately taken to trial. Due to Rein’s curiosity, she decides to take trip to do some investigating on her discovery for an entire week. She only left a message to her lawyer saying that she wasn’t going to make It work for a week and then left without a response. On her arrival back to town and back to her Job, she learns quickly that she has been fired to her lack of communication. Being the outgoing person that Erin is, she threw a tornado of wears and profound language, making her boss even more upset. Eventually though as the evidence piles up, boss starts to believe that she is on to something and starts to work with her again. Once they got enough supporting evidence they took it to the judge and to make matters even worse, they found that the Pacific Gas and Electric company was handing out pamphlets that said that hexameter chromium was healthy for you. After all of these discoveries, the Pacific Gas and Electric companies Coo’s and head guys were immediately taken to trial. This case at his has point become everything to Erin and not to mention Deed Massy her boss. They are literally working night and day on this case causing Erin to lose touch with her kids and her caring boyfriend. As the days go on and the more that Erin continues to be distant from her kids, the more her oldest child started to despise her. She his mother (Erin), he Just so happened to come across the documents for the Pacific Gas and Electric company that talk about a child around the same age as him that is very ill. He knows that all of his moms work can aid this poor kid. He then asked his other about what he had found and she pleasantly explains it too him. Upon realization, Rein’s son finally understands the importance of her work. Erin is not pleased when she finds out that Deed has brought a new partner into the equation, Kurt Potter, an expert in toxic cases. This anger didn’t last long once Deed bought Erin a new car for her family. This Just boosted her hopes. At this point they were about two hundred and fifty signatures short. Once they got the remaining signatures needed it was time to present Kurt with the good news along with incriminating letters from he Pacific Gas and Electric company to the Hinkler plant. Rein’s work has finally paid off. She took this court case all the way to the Judicial branch where her firm gets to win one of the most prevalent class action lawsuits in American history in opposition to a multi-billion dollar corporation. Rein’s case ended up winning three hundred and thirty-three million dollars. The Sense’s (a family infected with the disease got to receive five million dollars. In the end, Deed decides to give Erin a little scare by saying hat the value that they discussed Erin would receive from this case is not appropriate anymore. Erin is furious at this point until Deed goes on to show her the check for two million dollars! This movie was very inspirational to me. This beautiful mother who starts out begging for mercy works all the way up to win one of the biggest lawsuits for her firm. Erin is unbelievable and not to mention that she didn’t even go to college. She Just kept fighting and fighting even though she knew it was putting stress on the people she cared most about. The passion this woman shows is remarkable. How to cite Frog, Papers

Banking and Finance ANZ Bank †Free Samples to Students

Question: Discuss about the Banking and Finance ANZ Bank. Answer: Introduction: ANZ Bank was fined with a penalty of $212,500 because they have breached the laws through its overdraft facility. In the 2016 financial statement of ANZ Bank both interest income and expenses were reported in the income statement. Loans which were made to the NEDs and other disclosed executives, were made in the ordinary course of business on commercial terms and conditions. These were not much favorable other than those given to employees, including the term loan. As per paragraph 18 of AASB 7 Financial Instruments if a company is having any loans payable then it has to disclose the following: (AASB, 2017) All the details relating to any default during the period of interest, principal and sinking fund of those loans payable. Amount of the loans which were payable in default during the end of the period. Whether the terms of the loans were renegotiated or the default was remedied. As per paragraph 19 of the AASB 7 if there is a breach during the period relating to the loan other than those mentioned in paragraph 18, then it has to be disclosed in the financial statement. All these information has to be given in the financial statements if there is a breach or default in loan. ANZ Bank had breached the lending laws due to which a hefty amount of penalty was charged. ANZ Bank has shown loan origination expenses as a part of the financial asset and such expenses are amortized on the basis of the effective yield of the financial asset. Such loans and advances are initially recognized at fair value plus the transaction costs. These costs are directly attributable to the issue of loans and advance. The main problem with ANZ Bank was that they havent disclosed the breaches and defaults of loans at the end of the reporting period in its financial statements. This was the fault committed by them which was against the accounting policy. BBSW rate is the mid-rate of the market which is having a maturity of between one and six months. This rate is issued by the AFMA Prime eligible securities. It is an interest rate which also includes credit premium representative of the market trades Prime Ban paper. Apart from this it also represents T+0 settlement and also the modified half month value date convention. (AFMA, 2017) It is a rate which is the average of all the NBBO midpoint samples. Whatever the rate comes after the calculation it has to be shown in four decimals. This rate is published by Thomson Reuters every day at 10:15 a.m. apart from this page it is also being shown in the Bloomberg LLP page AFMB as the benchmark rate which is for each tenor. These rates are available so that it can be easily used by the general public. (FIIG, 2017) Now when a bank is using this rate for its calculation then as per ASIC regulations it has to be shown in the financial statements. As per para 28 of the AASB 7, all the lending rates which are being used by the end at the end of the period has to be reported in the financial statement. It is the basic requirement of the accounting standard that all the closing rates needs to be disclosed in the financial statements. This closing rate has to be disclosed by ANZ Bank in their notes to financial statement. They must have used the BBSW rate for their interest on loan calculation, so interest outstanding should be based on this rate. Hence ANZ Bank has to disclose this BBSW rate on their notes to financial statements. The value of financial assets in ANZ would get impacted after the introduction of IFRS. The two factors which would impact the financial assets of the banking sector are given below: It would impact the credit losses of the bank. All the credit losses which were reported would increase and would become more volatile under the new credit model. Apart from this the number of complexity of judgments would also increase. As per this banks are required to make robust estimates and also need to establish when the changes in the credit risk would occur. In this way financial asset of ANZ would get affected. It would also impact the hedge accounting business of the ANZ Bank. Bank has to adapt to the new hedge accounting model which would get aligned more towards the risk management. This would allow more hedging strategies and some of the current strategies would also get restricted. All these laws now are more principle based as per the IAS 39. For ANZ Bank, a more judgmental approach would be required in the assessment of qualifying, discontinuing and rebalancing hedge accounting. This is the principle which ANZ Bank has to follow. (SydneyMorningHerald, 2017) ANZ had breached the lending law and had also done some market manipulations due to which ASIC had raised a penalty of $212,500. This penalty was levied mainly due to ANZ assured offered overdraft to the customers. This was not as per the Australian Accounting Standard due to which penalty was levied. As per AASB 101 Presentation of Financial Statements all the extra ordinary gains and losses in addition to the normal income and expenses has to be reported separately. Firstly a normal Income statement is prepared and on the basis of this statement profit is calculated. After this statement, other comprehensive statement needs to be prepared. All such extra-ordinary items has to be shown in this statement. Now since penalty paid by ANZ Bank is an extra-ordinary expense, it has to be shown in other comprehensive statement. All the expenses which are not recurring in nature and are abnormal in nature, then such items are to be shown in other comprehensive income statement. In the given case ANZ Bank had paid a penalty of amount $212,500 due to the breach of pending law. As per the para 15 of the AASB 101, such penalties has to be shown the other comprehensive income statement of the financial statements. (AASB101, 2017) While calculation of income tax of the Bank all the fine and penalties has to be disallowed by the tax authorities. All these expenses has to be added back for calculating income tax payable. These expenses are not allowed since the company has breached the laws of Australia. If a company has breached Australian laws then how penalty on such amount can can be allowed. The given penalty has to be recorded in the other comprehensive statement of the company and as per the income tax authorities this penalty cannot be allowed as deduction. (AASB101, 2017) ANZ Bank had to pay penalty amounting to $212,500 in relation to the breach of lending law and manipulation of methods by them. An investigation was also performed by the ASIC team on this matter. The investigation conducted by ASIC has to be reported in the notes of the financial statements. It should be shown in the other contingent liabilities and assets portion of the notes to accounts. During March there was a legal proceeding conducted against the Bank by ASIC. They had to pay penalties for all the market manipulations, misleading conduct and breaches by them. Similar proceedings were raised by ASIC against another two Australian banks as well. The legal proceedings conducted by ASIC against the bank was for the period March 2010 to May 2012. ANZ was defending the proceedings because of which they had to pay penalty of $212,500. Again in August 2016 there were complaints registered against 17 banks including the ANZ Bank in the United States District Court. All these actions we re taken by the US based investment funds and some other individual derivatives trader. All these actions taken by the Court mainly applied to the person and entities who were engaged in US-based transactions in the financial instruments. All these financial instruments were benchmarked, priced and were based on BBSW from 1st January 2013. The claimants seek penalties to be paid to them for the breach of the law. Penalties were paid by the bank to all the claimants claiming the money back. The main reason behind all this was the violation of US anti-trust laws, the Commodity Exchange Act, anti-racketeering laws and even the unjust enrichment principles. Hence the penalty was paid by ANZ Bank to ASIC for breaching the law. This is the way investigation has to be shown in the financial statement. (Legilation, 2017) As per Australian Accounting Standard if a company is sure that it would not receive money from any of its customers, then the amount has to be written off as bad debts. Every year there must be provision for bad debts provided by the company in the financial statements. Provision has to be provided based on the assumption of future defaulters by banks customers. When the bad debt actually happens, then bank has to write it off in its profit and loss statement and then the provision for bad diet charged has to be reversed. There may be chances that after certain efforts by the bank, it had received the amount which was treated as bad debt. Now for this first the bad debt charged off in the profit and loss statement has to be reversed and then bad debt recovery income has to be booked in the profit and loss statement as income. (SydneyMorningHerald, 2017) The amount of bad debt written off by the bank in the year ended 2016 was $920m and in 2015 it was $918m. Bad debt for banks are generally very high. They are dealing with all kind of customers, whether its small or large customers there are chances that small customers might not pay back money to the back at the end of their loan term. Then all these amounts has to be treated as bad debts by the bank. This is the reason why banks are having separate teams for getting back the amount from the customers which were treated as bad debts. When they are unable to get the money back from their customers, then the amount has to written off in the profit and loss statement as bad debt. (AASB, 2017) As per the article ANZ had $1.18 billion of high yield debt in exploration and production companies. Apart from this a further $1.23 billion of debts were outstanding to national oil companies with loans worth $20 billion in resources sector. It was expected that energy companies would default up to $90 billion in high yield debt by 2019. (ASX, 2017) This shows that the bank is badly suffering from non-repayment of loans. If a bank is having high risk for non-repayment of loan then there are huge chances in future that the bank would become bankrupt. Especially the energy companies are not able to make payment to the bank due to which there are high chances that all the amounts given to them would be treated as bad debt. The future of ANZ Bank looks very bad since most of the loan given are being written off as bad debt. It would require the help of the government to intervene and help them to get the money from its high end customers. If the bank is not getting any help from the government then it would be very difficult for the bank to run its business. Bank would become bankrupt and it would impact the share marker of Australia. This would in return impact the economy of Australia. Now since Australian economy had gone down, it would even impact the world economy as well. Such a high amount of bad debt is a threat to the entir e world as well. Hence it is necessary that back should take necessary actions to get back the amount of loans from the companies. (Australia, 2017) References AASB101, 2017. dlsweb.rmit.edu.au/. [Online] Available at: https://www.dlsweb.rmit.edu.au/toolbox/balanceact/toolbox11_06/units/assets_inventory/html/legis_aasb101.htm [Accessed 9th May 2017]. AASB101, 2017. johnwiley.com. [Online] Available at: https://www.johnwiley.com.au/highered/aas2e/content029/fact_sheets/AASB101_ch19.pdf [Accessed 9th May 2017]. AASB, 2017. aasb.gov.au. [Online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB7_08-15.pdf [Accessed 9th May 2017]. AASB, 2017. aasb.gov.au. [Online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB1049_10-07_COMPdec12_07-12.pdf [Accessed 9th May 2017]. AFMA, 2017. afma.com. [Online] Available at: https://www.afma.com.au/data/BBSW [Accessed 9th May 2017]. ASX, 2017. asx.com.au. [Online] Available at: https://www.asx.com.au/asxpdf/20161107/pdf/43cq2ptbywqxht.pdf [Accessed 9th May 2017]. Australia, D. R., 2017. debtrecoveries.com.au. [Online] Available at: https://www.debtrecoveries.com.au/how-to-write-off-bad-debts/ [Accessed 9th May 2017]. FIIG, 2017. fiig.com.au. [Online] Available at: https://www.fiig.com.au/research-and-education/fiig-research/2016/11/23/what-is-the-bank-bill-swap-rate-(bbsw)- [Accessed 9th May 2017]. Legilation, F. R. o., 2017. legislation.gov.au. [Online] Available at: https://www.legislation.gov.au/Details/F2009C00140 [Accessed 9th May 2017]. SydneyMorningHerald, 2017. smh.com.au. [Online] Available at: https://www.smh.com.au/business/anz-pays-212500-fine-for-breaching-lending-laws20160307-gncbi7.html [Accessed May 9th 2017]. SydneyMorningHerald, 2017. smh.com.au. [Online] Available at: https://www.smh.com.au/business/banking-and-finance/anz-warns-on-100m-bad-debt-blowout-20160323-gnpxzo [Accessed 9th May 2017].