logo

Foundations of Financial Accounting : Assignment

13 Pages2828 Words61 Views
   

Added on  2021-04-22

Foundations of Financial Accounting : Assignment

   Added on 2021-04-22

ShareRelated Documents
Running head: FOUNDATION OF ACCOUNTINGFOUNDATION OF ACCOUNTINGName of the Student:Name of the University:Authors Note
Foundations of Financial Accounting : Assignment_1
1FOUNDATION OF ACCOUNTINGExecutive summaryThe report throws light on the importance of sustainability management in the light of the givenorganization named BHP Billion. The CSR disclosures had been evaluated from its sustainabilityreports after the Brazil dam disaster. The materiality of the report is based on the different kindof reviews on the sustainability risks identification with the proper analysis of the different inputsand risks has been registered with engagement of both external and internal stakeholders.
Foundations of Financial Accounting : Assignment_2
2FOUNDATION OF ACCOUNTINGTable of ContentsIntroduction......................................................................................................................................3Conclusion.......................................................................................................................................9References......................................................................................................................................10Bibliography..................................................................................................................................10
Foundations of Financial Accounting : Assignment_3
3FOUNDATION OF ACCOUNTINGIntroductionThe BHP Billiton dam collapse was not only an incident but a disaster that could reallyhave been really prevented by the management if the company could have followed moreresponsible practices. The town of Bento Rodrigues was hit hard with over 600 by people losingtheir homes and at least 11 people were killed a till date 15 people are still missing. The redsludge that was muddy extended to over 440 km downstream across two states and affectedvarious municipalities and left the thousands of people with interrupted water supply thatpolluted and left crucial implications for agriculture and health.The major cause held responsible for the bursting of the dam is still unknown but it isviewed that that state mining regulations were insufficient and the mine owner’s includingSamarco, Vale and BHP have miserably failed to stand according to the diligenceresponsibilities. According to the Szoke (2018), there is no as such accident but the mistake wasdiscovered in the negligence and operational activities while monitoring. Australian miningcompanies must improve its due diligence as well as the oversight across all its operationalactivities. BHP Billiton main focus is to develop long-term shareholder value throughacquisition, discovery as well as marketing and development of all the natural resources. Themain strategy is to operate and own large, low-cost, expandable, long-life and expandableupstream assets are diversified through the commodity and market. The chief executive officer Andrew Mackenzie has responsibility to support the localauthorities and Samarco in the response effort. Major responsibility must be focused on thefuture and immediate needs for thousands of people that faces ongoing environmentaldevastation and immense uncertainty. The disaster made in the country highlights mining
Foundations of Financial Accounting : Assignment_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
CSR and Sustainability in BHP Billiton: A Critical Evaluation of Sustainability Reports
|10
|2643
|485

BHP Billiton's Brazil Mine Disaster Your Name Institutional Affiliation
|8
|2199
|188

Assignment on Business Ethics in Organization
|9
|2622
|372

Corporate Social Responsibility - BHP Billiton
|9
|2177
|123

Sustainability Reporting of BHP Billiton
|11
|2476
|499

Business, Society and Planet
|10
|2479
|1