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Julia is a case manager at a domestic violence shelter in a small, rural community. Because this agency is the only one of its kind in several surrounding counties, Julia's responsibilities include traveling to different counties and communicating with different officials in these communities.
Oftentimes, Julia is called to respond to crises many miles from her office. She has found herself spending hours at a time away from her desk and has had trouble keeping up with necessary paperwork. Because her job involves so much time away from her office, Julia has started using her personal laptop computer whenever she is working in other locations. By doing so, she has found that she can complete client intake forms and other required documentation more quickly and more accurately because she does not have to wait until she returns to her office to complete the forms. Instead, Julia can complete the forms, and then e-mail them back to the office.
The use of the laptop has contributed to Julia's ability to complete needed paperwork quickly; because of this, her clients are able to receive services sooner.
Although the use of the laptop has ultimately benefited Julia's clients, she should be cautious because:
ASIC
ASIC stands for Australian Securities and Investments Commission, a body that regulates financial markets, securities, futures, and corporations in Australia.
Non-reporting Entities
Businesses or organizations that are not required to prepare or submit financial reports to regulatory agencies or stakeholders.
AASB 10/IFRS 10
Accounting standards outlining the principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.
Wholly Owned Subsidiary
A company whose entire share capital is held by another company.
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