Describe (80 to 100 words) the process you would go through to determine whether financial support is available to allow the requirements of an organisation to be achieved. (Please answer in Australian Accounting environment && please type up your answer)
Answered Essay: Describe (80 to 100 words) the process you would go through to determine whether financial support is available to allow the requirements of an organisation to be achieved. (Please answer in Australian Accounting environment && please type up your answer)
Expert Answer
Australia is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the WTO, APEC, the G20, and other trade forums.The services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control.
