Question

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 address the answer in the context of how that to be determined within an Australian Company from the accounting perspective) (Please type up your answer)

Answer 1

Financial support is always there for any company whether it is a start up or established company. As far as Australian companies are concerned, financial support is available in following forms:

Financial advice- Some financial institutions provide free financial advice to the corporate. Information can be taken from online as well as from office. Financial institutions like banks and non banking finance companies guide corporate about the financing and investment option.

Venture capital fund- This fund provides finance to the start ups and high risk business. This can be easily got by companies.

Private Equity- It is the fund that directly invest into the private companies and those companies are not listed on exchange.

Bank Loan- Many banks in Australia provide loan to the companies at cheaper rate of interest. Big banks like "National Australian bank, Commonwealth bank, Westpac, Australia and New Zealand bank etc.