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Accounting

1. What is the difference between ‘rules’ and ‘laws’?

2. What are the two key ways in which laws are made?

3. What is law made by the courts called?

4. What are the major differences between civil law and criminal law?

5. Why is a court hierarchy important?

6. Australia has a federal system of government. What does this mean? Under what document was the federal system created?

7. Outline the differences between ‘exclusive powers’, ‘concurrent powers’ and ‘residual powers’. What body(ies) exercise these powers? Give examples of areas of law which fall within each of these powers.

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Financial Accounting, Accounting

Category:- Financial Accounting
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