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    Explain how Australian Corporations Law deals with corporate groups in the context of the doctrine of the separate legal entity of a corporation.

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    “Increasingly over the last 30 years, the development of complex corporate groups has facilitated the opportunity to move assets between companies in that group. The main issue with corporate groups is that they operate, very often, as an integrated single entity, despite the fact that they are composed of many different individual companies. Of course, different companies within a corporate group will have different creditors whose separate interests deserve protection.”...

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    The assignment on Australian Corporations Law is based on the influence of the doctrine of separate legal entity on the company existing in a corporate group. The assignment has been given a touch of what the Australian Corporations Law and the Corporations Act, 2001 of the Commonwealth of Australia have to reflect on the concept of corporate group and the relevance of separate legal entity on these company groups. The introduction is followed by the description of what a corporate group is in the field of Australian law terminology. Corporate groups have been kept in mind and described, as per the Corporations Act, 2001 of Australia, and the discussion of the relevance of the distinct legal entity principle has been taken in the last to give a final thought on the topic provided.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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