Agriculture and Rural Businesses in Australia †Free Samples

Question: Discuss about the Agriculture and Rural Businesses in Australia. Answer: Introduction I chose agriculture and rural business of Australia as my research subject because I believe these serve as the backbone of the countrys economy. This research was aimed to identify significant issues that the industry is facing in order to figure out effective strategies to find more success. Learning Experience Though I focused on the just agricultural industry but it is present all over the country so the issues I identifies are applicable for all the businesses from all the locations. My research also aims to explore the possible solutions for those identified issues. The literature review I did was based on multiple key issues like assessments, regulatory business, and printed material, technology in accounting, finance and income. While I was exploring the available literature I found out that the IRS punishments are causing organizations shut down. Most of the agricultural organizations lack any assessment programs so the organizations fail to determine their necessities. The agricultural business of Australia I feel can spare some expanses a lot if the complete proprietorships enlist their organizations. While I was investigating the issues affecting the agricultural business in Australia, I found that the digital technologies are not being used by the business and this is supported b y most literature I found. I tried to explore other texts where some other successful examples of record keeping process are used. The case study of Canada can serve as a good model for our agricultural industry. The organizations also have to check their clients credit record before making any transaction. The strategy of book keeping can prove to be effective for the business in the longer run. I understood that regular monitoring could be great strategy for the organizations to could save them good amount of cash and time. Australian governments high licensing price is also problematic for the rural business farms. Evaluation My research also highlighted that the lack of accounting professional in the business also creates big challenge for the business. Contrary to my prior conception, the accounting in the Australian agricultural industry has multiple affective issues that require wider research. I tried to explore as much as possible within the limitations I had during the initial phase of the research proposal preparing. Objective View on the Learning Outcomes In order to give the research a proper framework I had to set few questions that would shape the research and guide me towards my desired destination. Primary research question was related to the accounting issues that the agricultural and rural industry face. Then I had to focus on the next step that is the identification of existing opportunities and how our government can help the accounting performance and the agricultural business to perform better.Before deciding on any particular research methodology I had to explore the various research methods. I discussed the descriptive, explanatory and exploratory research designs in order to decide on the most suitable one for my research. I finally decided upon the explanatory research as I felt this could be most effective to establish an effective cause-effect based relationship between the business performance of the industry and accounting practice. I chose the both qualitative and quantitative process for this research process, as I had already realized that this research needs wider amount of information to come up with right answers. Future Implication The research not only provided me with adequate knowledge but also opened up many aspects of rural agricultural industry of our country. The research highlighted how accounting in Australian rural agricultural has changed over the years and creating newer challenges for the industry professionals and government must take initiatives to support it. My research demonstrated multiple potential areas that could enhance the accounting performance in the business and it also highlighted that government should take active participation in the advancement of the agricultural industry. Conclusion Though it is a long journey, but I tried my best to complete the process as early as possible without compromising any of the parts. I have started the research in July and completed the whole research by August. Because I had to finish the research within the university set time schedule I could not update my mentor on time regarding my research progression. However later he provided me with some valuable suggestions that I tried to incorporate in my project. I did face challenges initially regarding the general approach of research because of my limited knowledge which I overcame in the later phase of the research. However the major limitation I felt was my failure to understand certain relevant issues and their severity from the farmers perspectives. References Barron, O., Ali, R., Hodgson, G., Smith, D., Qureshi, E., McFarlane, D., Campos, E. and Zarzo, D., 2015. Feasibility assessment of desalination application in Australian traditional agriculture.Desalination,364, pp.33-45. Dowd, A.M., Marshall, N., Fleming, A., Jakku, E., Gaillard, E. and Howden, M., 2014. The role of networks in transforming Australian agriculture.Nature Climate Change,4(7), p.558.Management Fraley, R.C. and Hudson, N.W., 2014. Review of intensive longitudinal methods: An introduction to diary and experience sampling research. Hunt, W., Birch, C., Vanclay, F. and Coutts, J., 2014. Recommendations arising from an analysis of changes to the Australian agricultural research, development and extension system.Food Policy,44, pp.129-141. Tonts, M., Plummer, P. and Argent, N., 2014. Path dependence, resilience and the evolution of new rural economies: Perspectives from rural Western Australia.Journal of Rural Studies,36, pp.362-375. Zainal, Z., 2017. Case study as a research method.Jurnal Kemanusiaan,Management 5(1).