Financial Report Analysis of Iluka Resource Ltd

Running head: ACCOUNTING THEORY AND ISSUES
Accounting Theory and Issues
Name of the Student:
Name of the University:
Author’s Note:

1
ACCOUNTING THEORY AND ISSUES
Executive Summary
The main purpose of this assessment is to analyze the financial report of Iluka Resource ltd
which is engaged in mining business. The assessment will be identifying the major sustainability
practices which is followed by the business and the contribution which is made by the business
towards corporate social responsibility of the business. The assessment also aims to recognize
any incident or scandal which took place in the business during recent times and how the same
has affected the business. The assessment will also suggest recommendation as to how the
management can bring about improvements and ensure that such scandals or unethical practices
does not take place in future.

2
ACCOUNTING THEORY AND ISSUES
Table of Contents
Introduction......................................................................................................................................3
Description.......................................................................................................................................3
Background of the business.........................................................................................................3
External Environment Analysis...................................................................................................4
Tax Governance...........................................................................................................................4
Corporate Social Responsibility and Sustainability Requirements.............................................5
Scandal and Issues.......................................................................................................................8
Financial Report Analysis............................................................................................................9
Conclusions and Recommendation................................................................................................13
Reference.......................................................................................................................................15

3
ACCOUNTING THEORY AND ISSUES
Introduction
The growth in business over the years have been occurring in tremendous rate which can
be attributed to a better corporate structure and innovations which have taken place in a business
environment. Business in every field has been affected by technological advancements and have
reaped the benefits of such developments. However, it is also to be recognized that technological
developments also breed scandals which are due to unethical practices of certain persons or
management itself. In recent times scandals in business which can be accounts related or even
related to other issues have increased over the years.
The main purpose of this assessment is to analyze the financial statements of Iluka
Resources ltd for the year 2018. The assessment will be considering the financial performance of
the business for the year with the help of annual reports of the business. The assessment will be
considering any scandals which the company is related to and how the same affects the financial
performance and reputation of the business (Magee et al. 2013). Lastly the assessment will be
providing recommendation as how to improve the business structure of the company.
Description
Background of the business
Iluka Resource ltd is an Australian baaed company which is engaged in the business of
specializing in resources supply. The company specializes in minerals sand explorations, project
developments. The company is known to be the largest producers of zircon and titanium dioxide
and synthetic rutile (Iluka.com. 2018). The company has its headquarters in Australia and also
extensively operates in Australia. The business of Iluka Resource ltd has also established its