Discuss the way in which bhp billiton has demonstrated

Assignment Help Managerial Accounting
Reference no: EM13503197

According to Martin and Steele (2010, p.13), "The two principal professional associations in Australia - CPA Australia (the CPA) and the Institute of Chartered Accountants in Australia (the Institute) have indicated their awareness of the significance of issues of sustainability reporting and development of appropriate skill sets in word and indeed. The commitment of both organisations to sustainability principles has been shown by their adoption of, and support for, sustainability-focused reporting approaches and by their opting to take up membership of the Accounting for Sustainability Forum".

According to Sikka (2008, p.291), "The burgeoning corporate social responsibility literature rarely focuses on the anti-social practices of accounting firms...Accountancy firms are on a collision course with civil society".

Consider the above excerpts.

In a two-part essay:

a. Discuss the stance and initiatives of the Australian accounting profession on corporate social responsibility (CSR) and sustainability. Include your views on the role of accounting and the professional accountants on CSR and sustainability.

b. Discuss the way in which BHP Billiton has demonstrated its social and environmental accountability.

BHP has been publishing Sustainability Reports or alternatively Annual Health, Safety, Environment and Community Reports for over a decade. For BHP's Sustainability Report for 2013, please go to:

https://www.bhpbilliton.com/home/aboutus/sustainability/reports/Documents/2013/BHPBillitonSustainabilityReport2013_Interactive.pdf

For BHP-related issues in the media, please go to:

https://www.smh.com.au/environment/bhp-mines-set-to-damage-lifegiving-swamps-20100217-odzf.html

https://www.abc.net.au/news/2013-01-07/an-radio-doco3a-ok-tedi/4455092

You may also refer to other media reports on BHP's environmental impact.

Two good starting points for your research are: the textbook (Chapter 17); the IFAC's International Guidance Document on Environmental Management Accounting and the websites of the CPA and ICAA. For example, go to: https://www.cpaaustralia.com.au/professional-resources/practice-management/toolkit/environmental-accounting

Reference no: EM13503197

Questions Cloud

Determine its resistance and the amount of power it draws : A light bulb operating at 110V draws 1.82A. Determine its resistance and the amount of power it draws
Biology versus nurture-environment impacts our personality : Which theory of personality best explains who we are? Why? To what extent do we believe that nature/biology versus nurture/environment impacts our personality?
Determine the wavelength of argon laser light : A Young's interference experiment is performed with blue-green argon laser light. What is the wavelength of argon laser light
What motive does the narrator give for murdering : What motive does the narrator give for murdering the old man and what does this suggest about the narrator's mental state
Discuss the way in which bhp billiton has demonstrated : According to Sikka (2008, p.291), "The burgeoning corporate social responsibility literature rarely focuses on the anti-social practices of accounting firms...Accountancy firms are on a collision course with civil society".
Distinguish between mills methods of agreement : Distinguish between Mill's methods of Agreement and Difference, and apply them to a study with an experimental and a control group.
Explain the concentration of n2 gas at equilibrium : For the reaction N2(g)+O2(g) >>> 2NO2(g), Kc=8.3X10^-10 AT 25*C. What is the concentration of N2 gas at equilibrium when the concentration of NO2 is five times the concentration of O2 gas
Relationship between intrapulmonary and atmospheric pressure : Describe the relationship between intrapulmonary pressure, atmospheric pressure, and air flow during normal inspiration and expiration, referring to Boyle's law.
Describe the motion the proton will experience : A proton travels with a velocity of v = (1.5 x 10^5)m/s i + (4.0 x 10^5)m/s j ? and then enters a magnetic field B = (1.5T)i? . Describe the motion the proton will experience

Reviews

Write a Review

 

Managerial Accounting Questions & Answers

  Which one of the following period-interest combinations

A $10,000, 8%, 10-year note payable that pays interest quarterly would be discounted back to its present value by using tables that would indicate which one of the following period-interest combinations?

  Principle motives for holding cash-near cash assets

Briefly identify and explain the principle motives for holding cash and near cash assets. What are the risk-return trade-off associated with inventory management?

  Discuss the merits of an activity-based costing system

Compute the total overhead that should be assigned to order no. 715 by using activity-based costing.

  Funding budget shortfalls

Funding budget shortfalls As part of your personal budgeting process, you have determined that in each of the next 5 years you will have budget shortfalls.

  Diverse measurement techniques

why is measurement in the context of accounting so important and why has measurement become such a controversial accounting issues in recent times?

  Ryt aka rotyourteeth candy company sells lollipopslast year

ryt aka rotyourteeth candy company sells lollipops.last year the company sold 10000000 lollipops for 1000000.the

  Steps in operating budget process

Discuss the most important steps in the operating budget process. Why are these more important than the other steps?

  Problem 1the green acres inn is trying to determine its

problem 1the green acres inn is trying to determine its break-even point. the inn has 50 rooms that it rents at 75a

  Determining cost of asset

Northeast Logging Co. of $120,000. The seller agreed to allow a 5 percent discount because Northeast paid cash. Determine the amount to be capatilized in an asset account for the purchase of the saw.

  Discussion-cost behaviour and cost-volume-profit analysis

Calculate the total contribution margin for 2000 and contribution margin percentage. Describe why the contribution margin differs from the gross margin.

  Compute the expected customer margin from selling

How to classify resources consumed into manufacturing overhead, direct materials, direct labor, selling, and administration.

  Explain the nature of balancing item foreign exchange gain

Translate the profit of FC45 000 and the statement of financial position into Australian dollars. Explain the nature of the balancing item foreign exchange gain.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd