Presentation to Deakin University's "East Timor Studies Symposium", June 2005

Presented at Victoria University of Technology’s “Cooperating With Timor Leste” Conference, June 2005, published in
Development Bulletin No. 68, October 2005, Australian National University

Systems Administration in the Fourth World: The first year of the Ministry of Foreign Affairs and Cooperation in East Timor"

By Lev Lafayette. Presented to the System Administrators Guild of Australia Annual Conference, Brisbane 2004, Published in Conference Proceedings

Management involves long hours, multiple responsibilities, dealing with conflict and constant stress. There are no general principles which can be applied to all situations in management. There are several contrasting approaches that can be used and will work successfully [sounds like Perl]. The rewards include the excersise of power, good pay and the opportunity to contribute to the organisation.

Notes from the textbook; Michael Hitt, Stewart Black, Lyman Porter, Dallas Hanson, Management, Pearson Education Australia, 2007 and from the Study Guide (written by Neil Hardie, et al, published by Chifley Business School, APESMA and La Trobe University)

Introduction

Notes from the textbook Michael E. Bazley, Contemporary Accounting (6th edition), Cengage Learning Australia, 2004 and the study guide.

Study Guide

• Topic One: Financial Management - An Overview
• Topic Two: Fundamental Financial Accounting Concepts
• Topic Three: Financial Statements
• Topic Four: Funding and Corporate Governance Issues
• Topic Five: Analysis and Interpretation of Financial Statements

A core problem exists in the assumption that what is profitable for an individual entity is profitable for an economy as a whole. This is raised on a divisional/entity level in the Contemporary Accounting textbook: ".. the maximisation of a division's profit may not always ensure the maximisation of the profit of the entity" (p13).

Two articles by the LVRG come to mind on this matter, one is a long-term index of real-estate prices to GDP and the other is a recent empirical study on the correlation of speculative investment to financial collapse.

By raising the question "Global Financial Crisis or Opportunity?" in the first order requires a proper analysis of what sort of global financial crisis this is in order to discern whether there are any opportunities that can arise from it.