Purpose of the AssignmentThis assignment has been delegated to management students and the purpose of the assignment is to learn logically and to analyze the theory and practices of organisational behaviour, organisational culture, politics and the changes that impact the business environment. Furthermore, the assignment deals with finding out personal strengths and weaknesses from the perspective of the learner and others around. This assignmen...
Management and Directors of the CompanyCorporate governance refers to the rules, practices, and processes through which every company is directed and managed by the board of directors and management of the organization. The main aim of corporate governance is to maintain the balance of interest between the various stakeholders of the company such as shareholders, management, customers, suppliers, government, and social community. With the use ...
Accountability and Responsibilities of Duty HolderThe operational team of the duty holder is accountable for making sure the maintenance, management and safety of the assets by delivering bestowed and skills that are of the highest quality and examined and implemented the mechanism and the procedures. They manage, handle and monitor the performance management and provides accurate delivery of skilled human force in collaboration with the manag...
The company snapshotBHP Billiton is one off the global listed organization that specializes in the diversified mineral resources mining with the establishment in over twenty five nations and has a wide range of portfolio for the mining of commodities (Billiton, 2014). Some of the communities they produced are copper, manganese, the precious metals such as the silver and diamond. Since the company inception in 2001 the organization has show...
Background of the ResearchMining industry is the strongest performing industry for Australia for a long time. At its recent peak the industry with respect to the total GDP contributed close to 9% as the investment value (The Economist, 2017). The industry is highly resilient as seen in the recent world wide low price based crisis time. The current research report in that context would investigate the current challenges faced by the mining...
Objective of general purpose financial reporting and qualitative characteristics of useful financial informationThe objective of the report is to provide faithful and accurate representation of the financial statements, which is crucial for all business organisations owing to the effects on the community status and self-assurance of the investors. The scope of the paper would initially focus on elucidating the objectives of general purpose fin...
Evaluation of Financial Position using Ratio AnalysisIn this report the will be consideration of the macro environment and for that the there will be evaluation which will be made in the context of the financial position. There will be various aspects which will be considered in this and for the proper analyzation, there will be a ratio analysis which will be performed. By the help of this, it will be possible to make the decisions in relation t...
About BHP BillitonBHP Billiton is known as one of the largest companies in the trading sector. This is also known as Anglo- Australian multinational company which focuses on the mining based industry. Headquarter of the company is in Australia and the company was originated in 1885. The company has attained the largest rank of the largest mining company with respect to the overall market capitalization. BHP Billiton was originated in the...
Acquisition mechanism and accounting treatmentThe discussion deals with the acquisition of the Fayetteville oil and gas Shale by BHP Billiton. The company acquisition refers to a situation that took place when the Australian company of BHP Billiton purchases most or all of another company that is Fayetteville oil and gas Shale shares for taking control. This has taken place due to impairment of non-financial asset and inappropriate t...
Background of BHP Billiton Contemporary business organizations are heavily dependent on the effectiveness of their business strategies. This is due to the reason that effectiveness of the business strategies helps the business organizations in gaining competencies in the market and competes with their competitors. In the recent time, one of the most competitive and progressing business sectors is the natural resources mining sector. Almost all t...
Strategic Development of BHP BillitonBHP Billiton, commonly known as BHP, is the largest natural resources company in the world. The company is headquartered in Melbourne, Victoria, Australia. It was formed in the year 2001 by merging Billiton PLC and BHP Limited. The dual structure if the structure of the company comprising of BHP Billiton Limited and BHP Billiton PLC operates as one business which has combined assets known as BHP Billiton, h...
Strong Fundamentals and a Strong PresenceWhen it comes to the business of iron ore and mining, Fortescue stands as a major company that operates in the region of Pibara. It is ranked after the giant name of BHP Billiton, Rio Tinto and Woodside Petroleum. The company boasts of strong fundamentals and a strong presence that aids the functioning of the business. The company is well known for strong policies that is in direct link to the attai...
BHP Billiton: An OverviewBHP Billiton is basically a dual listed company consisting of BHP Billiton Plc and BHP Billiton Ltd. Although these entities prevail as distinct entities, yet they operate under a single organization or group called as BHP Billiton that is a global resources company and headquartered in Melbourne, Australia. Moreover, the company is primarily involved in the production of several commodities like copper, iron ore, uran...
Auditor IndependenceThis report emphasises upon the key audit matters, independence of the auditors and their responsibilities while auditing the financial statement of company. Auditor who is auditing the financial statement of company is indulged in auditing the books of account of company. The KPMG is the audit firm which has undertaken the audit work program of the BHP Billiton Company. This report reflects the audit functions, independe...
Types of Organizational StructuresWrite about the Advantages and Disadvantages of Organizational Structure at BHP Billiton. Structure of an organization is the hierarchy which defines role, function, and reporting of each personnel. The organizational structure is developed to define the approach through which the organization operates to accomplish its targets and future growth. Various types of organizational structures are adopte...
BHP BillitonDiscuss about the Organizational Strategy & Leadership of BHP Billiton. BHP Billiton BHP Billiton is an Anglo-Australian multinational mining company that is based in Melbourne, Victoria, Australia. It is listed in the Australian stock exchange and the London stock exchange and is the second largest mining company in the world based on revenues. In 2017, its revenue hit $38.28 billion dollars while the operating income ...
Risk Indicators in Offshore Oil ExtractionDiscuss about the Causes And Consequences Of British Petroleum Oil. Offshore extraction of oil is a dangerous operation because the drilling platforms and the workers aboard the rig get constantly exposed to the different types of hazardous conditions. The hazards arise due to the highly combustible substances, heavy machinery, harsh weather. The dangerous situation that prevails in the working co...
Theoretical Frameworks for Sustainable ReportingWithin the context of the sustainability report of an organisation of your choice (to be approved by the module leader by 21 November, 2017) you are required to critically discuss the above statements. Your essay should draw upon relevant academic literature and discuss a theoretical framework that could be used to support your arguments. Sustainability accounting refers to that concept of...
Organizational ContextDiscuss about the Occupational safety and health hazards in your chosen Organization. With rapid development and advancement of industry, there has been rising concerns in occupational and health hazards. The health risks have no limitation in external space. However, it is present in internal environment, which is known as occupational health hazards. Worker exposure to health hazards is biological, physical, chem...
Description of Client Question: Discuss about the Advantage Management Accounting Competitive. Various factors are present which impose pressure on the organizations to provide good services at lower cost and some of these factors are, increase in demand of digital services, high cost in context of information, slowdown in economies, etc. For the purpose of dealing with these conditions, managers of organizations must increase and improve thei...
Challenges Faced by BHP BillitonDiscuss about the accounting software package of your Chosen Company. The following assignment is the study of the accounting software package and the chosen company for the assignment is the “BHP Billiton”. BHP stands for Broken Hill Proprietary an Australian company. This assignment studies the organizational structure of the chosen company and related operational .The assignment further dis...
Profitability RatiosQuestion:Discuss About The Visible Turbulence In The Mining Companies? The company selected is BHP Billiton which is a leading mining company based out of Australia. It was formed in 2001 as a result of the Australia based BHP group and UK based Anglo Dutch Billiton Plc. The business of the company is divided across five verticals namely iron ore, coal, petroleum, potash and copper. The company has mine presence worldwide wi...
Company profile and disclosure of SPMSDiscuss about the Completeness of Strategic Performance Management. The Australian government has introduced various legislations relating to climate change. As a result, companies have incorporated environmental sustainability measures in their Strategic Performance Measurement Systems (SPMS). Ideally, these firms have not been disclosing their SPMS adoption in their annual reports. However, after ...
Utilization of entrepreneurship and innovation in the organizationDiscuss about the Dynamics of Entrepreneurial Development and Management. There exists a conceptual relationship between entrepreneurship and innovation. The concept combines several kinds of capabilities, knowledge, resources and skills. As a result, the establishment of business structures and strategies has been possible because of the embrasure of contextual factors. ...
Risk factors associated with estimation of mineral, oil, and gas reserves1. Identify what you consider to be the ‘key’ inherent risk factors that could have an impact on the audit of BHP Billiton Limited for the year ended 30th June 2016 and/or future audits. For each of the inherent risk factors identified, describe the risk clearly and state how and why you consider the issue may create the risk of potential material misstat...