A31A2Q2BHP

Written Assignment - analyse emerging issues in accounting

Textbook: Financial Accounting Theory 4E by Craig Deegan, published by McGraw-Hill Education

Rubrics:

Insightful and thorough analysis of all the problems/questions.

Ideas are clearly presented, interesting and show understandings of content and a new take on the subject. Focussed and demonstrates depth and accuracy of understanding.

Excellent ability to summarise and interpret multi-sourced data, to appraise evidence, evaluate arguments and to formulate and express very sound conclusions.

Makes appropriate, insightful and powerful connections between the issue/problem and the theory.

Evidence of broad, systematic and creative research. Demonstrates skilful use of high quality, credible, relevant sources. Selection of sources goes beyond the mainstream literature. An excellent summary of relevant data. Wide range of sources accurately reference using Harvard Referencing style.

Outstanding ability to construct a sound and consistent argument. Concise writing style totally lacking in verbosity of any form.

Well-constructed assignment: appropriate, clear, and smooth transitions; arrangement of organisational elements seems particularly apt. Uses sophisticated sentences effectively; usually chooses words aptly; observes professional conventions of written English and report format; free of spelling, grammatical, punctuation and typing errors.

Question 2 (Marks =15) around 900 words

‘Resources giant BHP Billiton has been convicted of breaching mines safety legislation over the death of a worker at a Port Headland site more than four years ago.

In a decision yesterday after a trial which included hearings in South Hedland and Perth, Magistrate Peter Malone found BHP had contravened the Mines Safety and Inspection Act by exposing Andrew Terrance McLaughlin to a hazard that resulted in the 52-year old’s death.

Mr. McLaughlin, a father of three, was crushed under a scissor lift at a Nelson Point workshop. Submissions on the penalty are scheduled for March 19.’

Required:

Assume you have been appointed by BHP Billiton to formulate a strategy to respond to the comments provided in press report given above. Explain the strategies you would adopt assuming you are a supporter of Legitimacy Theory.