Report on Accounting Information System 2022

Running head: ACCOUNTING INFORMATION SYSTEM
Accounting information system
Name of the Student:
Name of the University:
Author’s Note:
Course ID:

ACCOUNTING INFORMATION SYSTEM
Executive summary:
The report elucidates the evaluation of the structure of two entities listed on the Australian stock
exchange. For this purpose, the structure of corporate governance of Wesfarmers and BHP
Billiton limited has been compared. The application corporate governance principles and
recommendations of the ASX corporate governance council has been evaluated by analysing the
information presented in the annual report of the respective companies. From the analysis, it has
been found that most of the recommendations and principles have been adhered by the listed
entities which helps in facilitating their corporate governance framework.

ACCOUNTING INFORMATION SYSTEM
Table of Contents
Introduction:....................................................................................................................................2
Discussion:.......................................................................................................................................2
Comparing and commenting on the structure of corporate governance of Wesfarmers and BHP
Billiton limited:................................................................................................................................2
Evaluating the application of ASX corporate governance principles and recommendations:........2
Conclusion and recommendation:...................................................................................................2

ACCOUNTING INFORMATION SYSTEM
Introduction:
The report is prepared to demonstrate the evaluation of the corporate governance
structure of the companies listed on the ASX (Australian stock exchange). For the purpose of
analysis, two companies have been chosen from the stock exchange that is Wesfarmers limited
and BHP Billiton limited. Wesfarmers limited is the conglomerate of Australia having a
predominant interest in chemicals, fertilizers, industry, coal mining and safety products and is
headquartered in Perth. The company maintains robust policies of corporate governance in all the
spheres of business (Wesfarmers.com.au 2019). The board of the organization is committed to
maintaining high standard of corporate governance practices. BHP Billiton limited on other hand
is a multinational metal, mining and petroleum company of Australia and is the largest mining
company of the world (Bhp.com 2019). In this paper, the application of the corporate governance
principles and recommendations by Wesfarmers and BHP Billiton limited has also been
evaluated.
Discussion:
Comparing and commenting on the structure of corporate governance of Wesfarmers and
BHP Billiton limited:
The board of Wesfarmers is committed to maintain a high standard of corporate
governance and foster a culture of compliance with values personal, ethical behavior,
accountability, respect for others, corporate and personal integrity and transparency. It is ensured
by the organization that the composition of board include directors having an appropriate mix of