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Remuneration Report of Westpac Bank

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We have to work on westpac bank a)Analyse the roles of cost and management in organisations through the analysis of accounting concepts and tools b) Evaluate and apply financial and non-financial performance measures and tools used in assessing and rewarding individual and corporate performance c) Describe how management control theory and concepts apply to organisational settings through the generation of accounting and organisational reports...

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Question Preview:

We have to work on westpac bank a)Analyse the roles of cost and management in organisations through the analysis of accounting concepts and tools b) Evaluate and apply financial and non-financial performance measures and tools used in assessing and rewarding individual and corporate performance c) Describe how management control theory and concepts apply to organisational settings through the generation of accounting and organisational reports

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Westpac bank is one of the leading Australian banks that enhances their business procedures by providing all sorts of facilities for their employees, customers as well as the shareholders. Hence to determine all these aspects it is necessary to review their remuneration report. Therefore, the paper will focus on the methods that are used for measuring the Executive performance and also the corporate goals of this bank. After determining both these aspects it is easier to demonstrate the performance rate of the senior’s executives especially the CFO and CEO of this bank. Henceafter reviewing all these procedures a clarification regarding the remuneration committee and also its membership approach is determined and it will be briefly discussed in this paper. Apart from this, the various performance measurement tools and a comparison between various methods will also be further briefly described in this context. Hence, with the help of this comparison and analysis, an idea of the remuneration report in accordance with the Westpac bank is thereby determined.

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