Department of English & Foreign Languages. The Department of English shares a broad objective with other departments in the School of Humanities and Social Sciences: to teach the skills which will enable you to interpret, evaluate, and, in your own way, change your world.
In short, GAAP requires accrual accounting rather than cash accounting, because the accrual basis better fits the defined objectives of the Financial Accounting Standards Board (FASB). Accrual accounting requires companies to record transactions in the time period in which financial events occur.
A company cannot be chosen or appointed as a responsible entity unless it is a public company that holds an Australian financial services (AFS) licence authorising it to operate the registered scheme (see section 601FA of the Corporations Act 2001 (the Act)).e will not accept a Form 5107 for lodgement unless the new responsible entity has an AFS licence authorising the operation of the scheme and the members' meetings have been held as required under section 601FL or 601FM.