Discuss the stance and initiatives of australian accounting

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Reference no: EM132374581 , Length: word count : 2500

Assignment

Your text includes discussions on “People, Planet and Profit”. According to your text, “sustainable business practices present numerous issues for management and managerial accountants”.

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 in deed. 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.”

Required:

Discuss the stance and initiatives of the Australian accounting profession on corporate social responsibility (CSR) and sustainability. In your view, what role can the accounting profession play in this context?

As an example, discuss the way in which BHP Billiton has demonstrated its social and environmental accountability.

Please go to:

  • BHP Sustainability Report 2018
  • BHP Billiton facing £5bn lawsuit from Brazilian victims of dam disaster
  • BHP mines set to damage life-giving swamps By Ben Cubby
  • PNG's Ok Tedi: from disaster to dividends By Jemima Garrett, Papua New Guinea

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

Required format: Essay (Around 2500 words)

Reference no: EM132374581

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Reviews

len2374581

9/22/2019 11:34:48 PM

Required format: Essay (Around 2500 words) This is a group-assignment. Each group needs to have 2 to 3 members in it. Please organise yourselves into groups. Please make sure that names and ID numbers of all group members are stated on the cover sheet of your submission. As this is a group assignment, each member of your group is awarded the same mark. Working in groups has its pros and cons. I am sure that you will hold constructive group discussions. In case of any disagreements, you will be able to resolve them in a reasonable way. There will be times when you may have to agree to disagree with each other. Invariably different group members bring different skills to a project; it is up to you to make the best of it. I believe one can learn a lot by discussing the issues with one’s colleagues.

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