Financial report on bp - Free Essay Example

Sample details Pages: 7 Words: 2007 Downloads: 3 Date added: 2017/06/26 Category Finance Essay Type Cause and effect essay Did you like this example? I have chosen this company because it has a universal image and British petroleum is involved in dirt free cities movement in Europe. BP took very bigger steps for addressing towards type of weather changes which is a major concern in European countries. British petroleum is trying new pioneering new solar and airstream businesses and hygienic technologies of energy and storage space of carbon dioxide from usual remnant fuels. Don’t waste time! Our writers will create an original "Financial report on bp" essay for you Create order Creating and deliver superior products and services that meet the needs of the society. Attract succeeding age group of people. In this report I have discussed briefly the ratio analysis of British petroleum and what are the issues the companying is facing and how the company can get back to its original position. BACKGROUND British petroleum is large-scale oil and Gas business and well familiar over the world and its main control center is in London, United Kingdom. It is fourth leading in terms of revenue it earns yearly. It has been in service over eighty countries across the world. It produces 3.8 million oil equivalents per day and has various service stations approximately 22,400 across worldwide. The recent development is that BP is not leaving United States as it has too much venture to walk away. Since the damage occurred in the Gulf of Mexico which resulted in eleven staff dead. The company had begun its trust in rebuilding process of national and state government. Huge process has been made to clean up the spills. End of the relief is a vital landmark to repair the gulf coast. The work has not yet done. However is it fully loyal for remedying the harm spill of Mexico and the atmosphere that caused the living of the people. BP is trying its best for precautionary measures such as security and working education facility that support the employees to distribute out of harms way, trustworthy and in charge function which should be the top agenda of the company to discuss in every annual general meeting. Shipping plays a vital role in for security purpose in terms of transportation. Interpretation based on the results obtained from ratio analysis 1. Profit margin: It is the size of the company industrialized and allocation competence during making method. Every company would like their company to gain more profit and should have a huge market share in the world. The profit margin will tell the shareholder the proportion of proceeds left after deducting the price tag of commodities sold. From the calculation obtained shows that there is no loss or gain. For past three years the profit margin has maintained constant in the British petroleum. Boost in manufacture will be ahead of the company anticipated long term enlargement. The main policy of the company will be deliver lucrative growth. The strategic alliance in the United States of two major gas producers will help the company to get back to huge profit if proper coordination and even cooperation like working harmony is necessary for these to gain profit. 2. Assets turn over: It will be the appraise of firms competence in generating sales or income. Companies with small profit periphery will in general have far above the ground asset turned over. Because of this reason the asset turnover is very low in this year as compared to the previous year. 3. Return on assets: It shows how the company is gainful to its total possessions. It will show clearly that how successfully the company will generate the income. Return on asset will tell what income earns from the asset which the company brought. As the calculation obtained shows that the company has not gained but has lost because of no asset turn over. BP expand its fabrication through enhanced equipment and as well as development of other countries. BP concentrated to expand its organization so it acquired more sophisticated equipment which were very expensive. In long run it can gain huge profit. 4. Debtors day: The Company which borrows something from other company is the debtors. From the calculation obtained it has borrowed around 65.8 as compared to 40 the previous year. Borrowing the products is not a good sign for the company. BP faced worst disasters in the past so it takes some time for recycle process. So it has taken very high debts for clearing the spills. 5. Creditors days: The business of giving credit to other company and providing a certain period of time to return back the amount from where the company had brought it. From the results obtained from calculation we can conclude that the company has gained lot of credit which is very high as compared to the previous year. Its not a good sign for the company and shareholder wont invest their funds in that company. 6. Stock days: Lesser the venture in stock is the better for the company. But based on the result obtained from the calculation the company has almost doubled the stock which is not a good prospect. 7. Current ratio: It will correctly give the complete picture of the company whether the company has enough resources to pay the bill yearly. As the figures shows that it is in the positive side and has enough resources to pay back. Current ratio will means volume cost of the existing resources will be accurately equal to the volume cost of the liabilities. Generally the shareholders will look for 2:1 current ratio which means two times the existing property over current liabilities. 8. Quick ratio: It is the indication of company power and limitation. The calculation shows that there are many liquidity assets that can be easily converted into cash. In the current year there is a slight increase in the quick ratio as compared to the previous year. Quick ratio is the summation of the currency, saleable securities and receivables dividend by recent liability. 9. Gearing: It is concerned with the shareholders finance must be larger than the long period sum unpaid. The gearing ratio shows that there is no much change in the recent years. 10. Return on equity: It will show how the company has again invested so that it can get additional income. Other way is what the profit generated given the resources provided by the shareholders. From the results through calculation return on investment is less and has dropped as compared to the previous year. 11. Earnings per share: It shows the quantity of net earnings which relate to per share. Higher the value of earning per share will be better for the company. The company has less earning per share when compared to previous year which is not excellent for the company. We can say in another way like it reveals the company skill to produce profit to owner fairness. 12. Price earning ratio: It is usually calculated to know how expensive the stock may be. Usually the company having lower price earning ratio will be better. But the calculation shows that price earning ratio is slight higher in the current year as compared to previous year which is not healthy symbol for the company. The high Price earnings ratio shows that greater than before order investors look forward to earning expansion in the future. Price earning can also be designed by estimating coming year earning per share in the denominator. 13. Interest coverage ratio: It shows how the company will pay the interest for the debts it has taken. Lower the interest coverage will be better. The calculation shows that it has higher interest coverage than the previous years. It measures the company ability to its interest payments. A far above the ground ratio indicates superior economic physical condition as the company is extra capable of gathering its interest obligation from in service income. If the company has less than one which clearly tells that company has to put up for sale off some assets otherwise move up more equity in sort to pay back a quantity of balance due. 14. Dividend per share: It means whatever the company has earned has to be paid to the shareholder in the form of dividends. Dividends are a form of profit sharing to the investors. As the calculation shows that there is no change in the past years so company is not giving the dividends to the shareholders. Impact of current events One of the worst environmental disaster happened in Gulf of Mexico which tarnished the image of British petroleum. For cleaning the spills the company has to invest huge amount which led to loss in the profit margin and other things like asset turnover were low because of these situation. The financial economy has hit a very low due to the gulf spills of Mexico and the shares of the company has significantly dropped which is not a good thing to happen . The company will find it very difficult to come out of this stage because lot of venture is there in US so it has to convince the US government that the company will take proper measures to clean up the spills as quickly as possible. British petroleum has taken several strategies to cover the well which took them to finish that work for five months. The environmental disaster happens quickly but the company will have to stay positive and do all necessary steps to build the reputation once again. Its not easy to build the image all over again but sincere steps have to be taken by the chairman of the company board of directors and the employees and even investors play a major role in building the same reputation which the company had generated previously. CONCLUSION The Company at the moment is not having good mark on the minds of the people because of recent environmental disaster happened in Gulf of Mexico. But the balance sheet of the third quarter of the current year shows that it has gained profit because its operating in different parts of the world and supplying oil to other part of the world. This shows that it has making study progress and on the road to recovery. The company has alliance with the Amoco Corporation of the United States and Repsol of Spain which are the leading shareholders for supply of gas in Atlantic region and British petroleum made a strategic alliance with these companies keeping in mind and good understanding with these companies help them to have a strong market share in the world. The weakness of the company may be hike in the price of the petrol due to the disaster happened in the Gulf of Mexico so that they can recover financially. Since the company has taken good measures but still there will be leakage in th e pipeline which may occur due to human errors so that may cause life of the people. Like recently occurred in Gulf of Mexico. Processing plant flare-up may also occur which is another possibility these are all the things the company has to face and proper and accurate measures has to be taken such that these situation doesnt not happen again. Recommendations British petroleum has a strong position even after the disaster happened in Mexico. It has alliance with two leading united states gas producer they can recover from this situation. BP is top in the minor country in gas producing and these will also have a major concern for recovery of the company image. The shareholders have to be very tolerant so that they will earn a huge profit from this company. Another major plus point for this company is that other major leading companies of gas producers are fading. So the company will get back to its original position but it takes some time in long term perspective people can invest on this company and the company net income and profit will be increased as the days pass. Another major factor is that more than billion of assets will help the company to recover the debts. Due to these assets it has been fiscally well-built and in good health well thought-out so that it wont be a capture of other company which cant happen because of the assets its having. APPENDIX

Discussion of How Christians Can Put Their View of Racism...

Discussion of How Christians Can Put Their View of Racism into Action All of the Christian teachings on racism have originally started from the teachings of the scripture. It is because of this that Christians are aware that they have a responsibility to bring peace and reconciliation. However not all Christians take up this responsibility, maybe this is due to the fact that most people today go with the majority and rarely speak out as an individual. Some people however have stood up for themselves and spoken out in an attempt to gain justice without using violent methods to prove their points, they are known as Christian Pacifists. There are many well-known Christian Pacifists, such as Martin†¦show more content†¦The boycott came to an end on 20th December 1956. For Martin Luther King, this was just the beginning of a succession of non-violent protests against the discrimination and prejudice of black people. 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Cigarettes Should Be Made Illegal Essay - 1594 Words

The sale of cigarettes and tobacco is a multi-billion dollar industry, but is it truly worth all the problems that stem from their use. Health care costs are extremely high due to all the health problems associated with cigarettes and tobacco. Even though research has proven time and time again the harmful effects of cigarettes, and the rising cost of health care caused by cigarettes our government will not take a stand and stop all manufacturing of the horrible toxins. Every year new medical reports are issued regarding the harmful effects of smoking cigarettes. Hundreds of thousands of people around the world die every year from diseases caused by smoking. Approximately one in two lifetime smokers will die from their habit. Half†¦show more content†¦This increases your heart rate and blood pressure, straining the whole body and especially the heart and blood vessels causing heart attacks and stroke. 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Analysis of Macbeth Essay - 912 Words

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Morality in Hawthornes The Scarlet Letter Essay - 2124 Words

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This is implied in one passage which reads: ...owing to a particular effect of this convex mirror, the scarlet letter was represented in exaggerated and gigantic proportions, so as to be greatly the most prominent feature of her appearance. In truth, she seemed absolutely hidden behind it. As a result of this eclipse of her former personality, Hester became everything the Puritans wanted physically. She was a great Samaritan in the community, and was utterly humble and honest. When she showed the worst in her at all times, she had nothing to hide from the people who she met, and their opinions of her could only raise. The irony in the fact that she became a model citizen in the eyes of the Puritans only points to Hawthornes distaste for the Puritan way of life, for Hester manifested a perfect Janus; a two faced entity of whom no one knew the true nature. Physically, the Puritans loved her behavior, actions, and example. Mentally, however, the community might not have been as pleased. The scarlet letter did not complete its work, and Hesters thoughts began to stray toward what they would possibly have labeled as evil, or heretical. In doing so, however, she found an abiding peace in herself and her child, if a hate for Puritan society. ThisShow MoreRelatedJosh Lyon. Mrs. Voshell. Honors English 10. 6 January 2017.979 Words   |  4 PagesJosh Lyon Mrs. Voshell Honors English 10 6 January 2017 Symbolism in The Scarlet Letter Within The Scarlet Letter Hawthorne uses symbolism, â€Å"the use of symbols to represent ideas† (Bell 10), affluently. The amount of symbolism Hawthorne uses could lead some to believe that The Scarlet Letter is in fact an allegory. Nearly every object in Hawthorne’s novel is symbolic. Hawthorne uses everyday objects and places to symbolize many main themes, concepts, and ideas in the lives of Hester and Pearl asRead MoreHester Prynne In The Scarlet Letter Essay906 Words   |  4 PagesD.H. Lawrence’s criticism, â€Å"On the Scarlet Letter,† criticizes Nathaniel Hawthorne’s portrayal of Hester Prynne in The Scarlet Letter. Lawrence finds fault in how Hester’s sin of adultery is glorified in the novel. D.H. Lawrence argues that Hawthorne mischaracterizes Hester Prynne as a heroine by using choppy syntax, biblical allusions, and a sarcastic tone. One rhetorical device Lawrence effectively uses to argue that Hester is mischaracterized as a heroine is choppy syntax. This is evident whenRead MoreBeing Earnest By Oscar Wilde1332 Words   |  6 Pagesindirectly connected to the idea of moral ambiguity that The Scarlet Letter portrays. Nathaniel Hawthorne’s classic novel The Scarlet Letter depicts the actuality of romance, sin, and revenge rooted in the 17th century American society. Strong Puritan beliefs of the characters in The Scarlet Letter created many different forms of moral ambiguity that can be described as illustrating both good and evil. Among the characters in the Scarlet letter with such moral struggle, Dimmesdale is presented to theRead MoreThe Scarlet Letter By Nathaniel Hawthorne960 Words   |  4 PagesJack Joseph Ms. Lagan English 3H 13 August 2014 The novel, The Scarlet Letter, was written by the author Nathaniel Hawthorne and was published in 1850 (1). It is a story about the Puritan settlers of the Massachusetts Bay Colony, set around 1650 (2). The story is written in the third person with the narrator being the author. The common thread that runs through this novel is Hawthorne’s apparent understanding of the beliefs and culture of the Puritans in America at that time. But Hawthorne is writingRead MoreLiterature Has Functioned Throughout History As A Means1266 Words   |  6 Pagesa means of social criticism that is accessible to the lay public. 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One of Hawthorne’s best works to use symbolism is The Scarlet Letter, where the story’s heroine HesterRead MorePsychoanalysis Of The Scarlet Letter1669 Words   |  7 PagesKyle Michka English 4 2nd 9/28/14 Psychoanalysis of The Scarlet Letter Sigmund Freud created the psychoanalytic theory of personality, of which there are three elements; the id, the ego and the superego. These elements all work in conjunction with each other to create complex human behaviors. Freud originally came up with the theory while he was performing dream-work studies, since some elements exist in the unconscious realm, where the first element, the id, mostly presents itself. Freud describesRead MoreLiterary Analysis Of Hawthorne s The Old Town Of Salem My Night Essay1151 Words   |  5 Pagesinvested by family tradition with a dim and dusky grandeur, was present to my boyish imagination as far back as I can remember. (6) Hawthorne’s analogy is used to explain his disdain for the stern morality and rigidity of the Puritans. He was a soldier, legislator, judge; he was a ruler in the Church; he had all the Puritanic traits, both good and evil. (7) Hawthorne’s narrator identifies more closely with the ancestor who embodied different traits, not just those of the Puritan Church, but of someoneRead MoreNathaniel Hawthorne s The Scarlet Letter1896 Words   |  8 Pagesoften associated with the savages and the devil. In his work The Scarlet Letter, Hester Prynne finds herself exiled by society for having an adulterous affair with the town reverend which brought forth the child known as Pearl. Pearl is quickly established as the child of the wilderness: wild, capricious, and thought by the town to be a demon-child. She represents several entities in the novel just by her being, but when her morality is delved into, much more of the nature of the story can be revealedRead MoreThe Characterization Of Hester Prynne In The Scarlet Letter By Nathaniel Hawthorne729 Words   |  3 PagesLawrence suggests in his article, â€Å"On the Scarlet Letter.† There is a genuine disparity in the methods Lawrence uses to portray Prynne, and those used by The Scarlet Letter’s author, Nathaniel Hawthorne. Because of his utilization of impactful syntax, religious allusion , and critical tone, D.H. Lawrence’s claim, that Hester Prynne is a contradictory character to pure society, is effectively justified when compared to the seductive elements of Nathaniel Hawthorne’s writing. Lawrence uses impacting

Evaluation Theory for Practice of Program- myassignmenthelp.com

Question: Discuss about theEvaluation Theory for Practice of Program Evaluation. Answer: Introduction Organizations use the theory of change to evaluate the learning activities. The theory of change examines how a learning activity is meant to give results in the organization. It outlines the outputs into the learning activity and the outcomes. This model stipulates the methods of change, the risks and the barriers to this theory that hinder the expected outcome. The theory of change creates a good link between the outputs and the expected results in the organization. When evaluators in the organization direct focus on the theory at the beginning of the project it ensures that stakeholder involvement is purposeful, useful and intentional to the client. According to Chen (2015), the theory-driven evaluation stipulates the need to work with stakeholders to understand the logic of a project. A logic model helps to realize the causal relationships involved in outputs involved and the outcomes. Evaluation of learning activities in the organization can be carried out through various modules. Utilization-focused evaluation module When an organizations end goal is decision making on a project, utilization-focused evaluation module is applicable. This module focuses on the evaluation of learning activities regarding their use by primary users. Thus, the evaluator in the organization should establish which stakeholders are more significant in the projects results (Patton 2013). The evaluator must use this stakeholder in every evaluation process to achieve results. Values engaged evaluation module This module involves engaging the stakeholders value in an intervention. When the stakeholders values are included, it increases their interest in the intervention. The users are likely to use the project if they feel some sense of ownership and a sense of presentation. Empowerment evaluation module This module is used in the organization to help in improving an intervention through empowerment. It stipulates that the role of an evaluator is to empower the stakeholders involved to take up the evaluation process to help them with self-determination (Link and Vonortas 2013). The evaluator in the organization guides the stakeholders through the evaluation process. Theory-driven evaluation module This module focuses on achieving change in the evaluation process through working together with stakeholders to stipulate the inputs, outputs, and results of the project. The organization can realize ROI from learning and development activities through assessing the methodology tools chosen and involving the right stakeholders. The organization needs to understand the evaluation process and the theories concerned to ensure that the purpose of the learning activities guides the designs to achieve the intended outcomes. Evaluation theory plays a major role in the value for money regarding performance and relevance when the right module is used in the evaluation process. The evaluation process in the organization should be improved through carrying out more evaluations in a year rather than annually. When an evaluation process is carried out frequently, accurate results are expected. Training of the evaluators is another way in which the evaluation process can be improved. Evaluators should be well equipped when carrying out the evaluation process. Thus they should be trained through internal workshops to strengthen their skills. References Chen, H., T., (2015)Practical program evaluation: Theory-Driven Evaluation and the Integrated Evaluation Perspective. Thousand Oaks, CA: Sage. Link, A. N., Vonortas, N., S., (2013)Handbook on the theory and practice of program evaluation, Cheltenham, UK. Patton, M., Q., (2013) Utilization-Focused Evaluation (U-FE) Checklist, Western Michigan University Checklists. Thompson, G., Alba-Juez, L., (2014)Evaluation in context. University of Illinois, Urbana-Champaign.

Australia Industrial Relations The Enactment of Fair Work Act

Question: Discuss about theAustralia Industrial Relations for the Enactment of Fair Work Act . Answer: Introduction: The Fair Work Act was introduced in the year 2009 to replace the Workplace Relations Act 1996 (Cth) that started its effects on 1st of July, 2009. There have been several historical events that surrounded the enactment of the Fair Works Act. It can be seen that amendments were made to the Workplace Relations Act 1996 by adding the Work Choices in the year 2005 (Alrc.gov.au, 2016). After the Federal Election of 2007, the government of Australia decided to introduce fairness in the Act by replacing Workplace Relations Act with the Fair Work Act. The primary purpose of the study is to analyse the changes made by the Commonwealth government to improve employment relations in the nation. The changes will be evaluated using the Neo-Institutionalism Approaches to know how the Australian Government has worked in favour of the employers and employees to maintain peace in the nation. Furthermore, the study emphasises on the enactment of Fair Work Act 2009 to analyse its objectives and post-implementation reviews. Hence, the primary purpose of the study is to analyse the enactment of Fair Work Act 2009 (Cth) and observe the effectiveness of the legislation to improve employment relations in the Australian economy. Objects of the Fair Work Act The objects of the Fair Work Act 2009 have been presented in section 3 of the legislation (Legislation.gov.au, 2016). The objects of the Act set out the ways in which the legislation will achieve its particular objectives. The main objective of the Act is to provide stable framework for productive and cooperative workplace relations that will promote social inclusion and national economic prosperity for all Australian citizens (Gollan, 2009). The Act aims to provide a workplace relation law that will promote a fair working environment in the nation. It will provide the employees with flexible work arrangements and promote economic growth through increased productivity. The Fair Work Act also considers the international labour obligations to improve the working conditions for the employees (Legislation.gov.au, 2016). Furthermore, the legislation ensures a guaranteed safety for the employees and employers through relevant, fair and enforceable terms and conditions. The Fair Work Act as sists the employees to stabilise their family and work responsibilities by improvising a flexible working arrangement. Evolution of the Fair Work Act 2009 using Neo-Institutionalism Approach In the recent enactment of the Fair Work Act 2009, collective bargaining and good-faith barning have been included to develop significant negotiation terms with the employee- employers treatment (Bukarica, Dallas and Bukarica, 2012). In the enactment of the Act, by removing the individual Australian Workplace Agreements, new regulations has considered playing a major role in promoting enterprise bargaining (Creighton, 2011). Herein, considering the six elements of Neo-institutionalism such as philosophy, nature of employment relation, role of state, management, unions and industrial conflict, the evolution of the Fair Work Act 2009 Amendments has been discussed (Alrc.gov.au, 2016). Evidently, the enactment of the Fair Work Act 2009 has identified some of the mandatory terms such as time flexibility on agreement purpose to protect the rights of the employees in the workplaces. Furthermore, the options of equality bargaining have been included in the amendment of the Fair Work Act 2009 so that the employees interest can be protected. Philosophy The Fair Work Act makes the organisations comprise of different interest and aims for the welfare of the employees and employers. The changes made in the Act makes the management maintain a good relationship with the employees by working for their interest. It helps to maintain unity among the employees and employers to work with a common aim to sustainable growth of business. The Act presents the modern awards, the National Employment Standards and minimum wage rates that are applicable in the nation. Along with that, the Act also provides the employees to present their voice regarding any decision of the employers (Forsyth and Stewart, 2009). It protects the employees from any unfair treatment, discrimination, dispute and compliance mechanisms. Furthermore, the Act also works on behalf of the employers by reducing chances of dispute at the workplace (McCrystal, 2010). Hence, it can be seen that the power is diffused and no party dominates the other. The legislation aims to establis h a mutual understanding among the employers and employees to improve working conditions and performance of the organisations. Nature of Employment Relation Through the classification of cooperative workplace relations, the Fair Work Act 2009 has significantly contributed to strengthening the employee- employers relationship providing terms and conditions supportive for both the parties (O'Neill, 2012). By following the National Employment Standards, enactment of the Fair Work Act 2009 has included certain labour obligations to be removed to protect the employee rights for benefits of the same (Wheelwright, 2013). As a result of the scenario, the positions of the human resources as well as the unions have been strengthened to increase bargaining power on any given agenda. Understandably, the effective procedure of the Fair Work Act 2009 has contributed to the fair workplace relation arrangements protecting the rights of the human resources. The Fair Work Act was introduced to develop a new national industrial relations system (Legislation.gov.au, 2016). The government believed that the new legislation would be effective in solving employ ment relationship issues and improvised a better trade system in the nation. Role of State The amendments of the Act has been significantly utilised to guide the public interests so that employees can be protected from any distress during any misconduct. The Fair Work Act Regulations have set standards to be maintained at the state level operations so that laws of Australian federal government can be administrated at the individual state platform. The role of the state in the Amendments is implacable as the state improves their administrative relation power over the private as well as local government employees. Management The application of the Fair Work Act 2009 (Cth) has been taken into consideration in significant aspects to deal with significant issues associated with workplace and discrimination. By considering issues in the workplace such as occupational health and safety, compensation of the workforce, child labour issues, training arrangements, emergency service regarding issues, long service leave, any declaration of a public holiday and workplace surveillance can be controlled in an effective way. In the case of any agreements that do not follow the regulations must be prosecuted under the sections of the Fair Work Act 2009 (Nadasen, 2012). Unions The union membership standards and position of the unions have been lifted in the Fair Work Act Amendments. Under the legal framework, an organisation cannot force employees adding pressure to the situation or cannot pressure a self-governing contractor to work only with a single enterprise. In such illegal scenario, the role of the unions has been evident to solve issues. By changing the terms and conditions, the unions power has been strengthened to increase bargaining power on any given agenda. Such unanimous enforcement of the fair work policy and terms has provided significant sustainability and fairness to be maintained at the workplace culture (Andrades, 2009). On the other side, the Fair Work Act 2009 has provided effective proposals so that the bargaining representatives can get reasonable time and relevant resources to get meet the agreements (Creighton and Forsyth, 2012). Industrial Conflicts Apart from that, in the case of any agreements with the employee as well as employers association, there are significant regulations to be followed by the sections. Also, rights of remedies have been mentioned in the Fair Work Act to be utilised in case of any workplace issues regarding employee rights and safety. In the case of amendments to the Act, certain provisions must be taken into identification to achieve the fair workplace objectives (O'Neill, 2012). In case of any adverse action on the employees and significant employer-employee conflict circumstances, rights for both the parties have been protected under the legislation. Post-Implementation Review In January 2012, the government of Australia commenced a Post-implementation Review to observe and analyse the impact of the Fair Work Act 2009 (Alrc.gov.au, 2016). The review was conducted to analyse the progress and performance of the legislation to meet the desired objectives. It was found through the review that the Act missed out the issues of family violence that negatively impacted the work performance of the employees. Furthermore, the Act was merely a legislation that needs to be enforced by some legal bodies (Wheelwright, 2013). There is a need of government authority that will check and monitor the implementation of the policies in national businesses. After the post-implementation review, the government of Australia introduce various changes in the Fair Work Act that are related to family violence to improve the performance of the employees and provide them with better working arrangements (Wheelwright, 2013). Along with that, the government introduced new policies in the Fair Work Act to improve its performance in regards to maintaining better employment relations in the nation. For example, the employees were entitled to unpaid parental leave, protection from unlawful termination of employment and new labour standards. Conclusion Justifiably, the role of enactment of the Fair Work Act 2009 has balanced the flexible working arrangements promoting instrumental practices and fair policies within the workplace management. Both the government and private employees have been covered under the sections of the Fair Work Act 2009. The standard procedure of the Act has contributed towards the sustainability of laws at the corporate level. On the other hand, the unions, business management groups and human resources attached to the modern corporations have been connected in a planned procedure through the implementation of the Fair Work Act 2009. The regulatory system of the Act has improved the industrial relations to say the providing fewer complications and issues at the organisational level. Moreover, the explanatory memorandum of the Act has linked business sustainability with the safety and security of the employees. Such instrumental changes have improved the position of the human resources so that employers cann ot use the corporate powers in an illegal way. References Alrc.gov.au. (2016).Fair Work Act 2009 (Cth) | ALRC. [online] Available at: https://www.alrc.gov.au/publications/16-fair-work-act-2009-cth/fair-work-act-2009-cth [Accessed Aug. 2016]. Andrades, C. (2009).Intersections between "General protections" under the Fair Work Act 2009 (CTH) and anti-discrimination law. [Melbourne]: Centre for Employment and Labour Relations Law, The University of Melbourne. Bukarica, A., Dallas, A. and Bukarica, A. (2012).Good faith bargaining under the Fair Work Act 2009. Annandale, N.S.W.: Federation Press. Creighton, B. (2011). A Retreat from Individualism? The Fair Work Act 2009 and the Re-collectivisation of Australian Labour Law.Industrial Law Journal, 40(2), pp.116-145. Creighton, W. and Forsyth, A. (2012).Rediscovering collective bargaining. New York, NY: Routledge. Forsyth, A. and Stewart, A. (2009).Fair Work. Annandale, N.S.W.: Federation Press. Gollan, P. (2009). Australian industrial relations reform in perspective: Beyond Work Choices and future prospects under the Fair Work Act 2009.Asia Pacific Journal of Human Resources, 47(3), pp.260-269. Legislation.gov.au. (2016).Fair Work Act 2009. [online] Available at: https://www.legislation.gov.au/Details/C2014C00031 [Accessed Aug. 2016]. McCrystal, S. (2010). Protected Industrial Action and Voluntary Collective Bargaining under the Fair Work Act 2009.The Economic and Labour Relations Review, 21(1), pp.37-52. Nadasen, P. (2012). Citizenship Rights, Domestic Work, and the Fair Labor Standards Act.J. Policy Hist., 24(01), pp.74-94. O'Neill, B. (2012).General Manager's Report into Enterprise Agreement-Making in Australia Under the Fair Work Act 2009 (Cth) 2009-2012. Melbourne: Australian Government - Fair Work Australia. Wheelwright, K. (2013). Bearing the Economic Loss of Industrial Action: The Payment of Striking Employees under the Fair Work Act 2009 (Cth).Deakin Law Review, 18(2), p.292.