Contemporary Issues in Accounting

Running Head: Contemporary Issues in Accounting
0
Contempor
ary Issues
in
Accounting
September 2
201
9

Contemporary issues in Accounting 1
Table of Contents
Introduction......................................................................................................................................2
Stakeholder Theory..........................................................................................................................2
Background of the Company...........................................................................................................3
Stakeholder groups..........................................................................................................................3
Difference of Interests amongst the stakeholder.............................................................................6
Ethical View....................................................................................................................................7
Relative Power and Influence of Stakeholder.................................................................................7
Action taken by the Company.........................................................................................................8
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

Contemporary issues in Accounting 2
Introduction
The assignment is completely based upon the study of Operation of Adani Coal mining. The
main aim of the assignment is to understand the stakeholder theory of the company and the
indigenous community. In the assignment interests of the stakeholder theory is also described so
that the groups of stakeholders could be managed in future. The report is prepared after
conducting research over the chosen company. The report includes the background of the
company in Queensland. Basically, the report defines the contemporary issues which can be seen
in the organization. The comparison between the three groups of stakeholder is conducted by
designing the table.
Stakeholder Theory
Theory of the stakeholder was used in the book with the title “Strategic Management: A
stakeholder approach; this book was written by R. Edward Freeman. For the small tactical
projects and planning of CEOs stakeholders play critical role in order to complete the strategy of
business (Miles, and Miles, 2019). Simply stakeholders are individual or groups who show their
interests to support an organization. Stakeholder includes employees, suppliers, environmental
groups, financial instruments, etc. The implication of the stakeholder theory is that it is the
widely recognized theory for the management of any organization as it is providing assistance
for the decision making to higher authorities which impacts on the organization and its function.
(Freudenreich, Lüdeke-Freund, and Schaltegger, 2019).
Managerial Branch Ethical Branch
The orientation of this branch is positive The ethical branch of the stakeholder theory is
has the tendency of normative
This branch has the focus on stakeholder who
can affect the company
This branch is concerned for the stakeholder
who are getting affected with the organization
and who are affecting the organization