Essays on Advanced Financial Accounting Problems In Australia Case Study

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The paper “ Advanced Financial Accounting Problems In Australia”   is an actual example of a case study on finance & accounting.   According to Burritt, & Schaltegger, (2010), corporate reporting is one of the ways through which organizations practice ethical responsibility. It enables an organization to ensure the environmental, social, and economic responsibility of the area and people surrounding their premises. Sustainability reports are presented as required in the global reporting initiative and help organizations manage and shareholders among other stakeholders to be keen on ensuring that their operations are environmentally and socially friendly.

Corporate reporting makes any organization to be careful on ensuring that any operations carried out in the organization do not affect their relationship with the community and ensure environmental protection, thus, facilitating improvement of company’ s performance and also build their reputation due to their contribution to the society. Ioannou, & Serafeim, (2011), point out that in sustainability reporting according to GRI 3, companies are expected to report to the stakeholders how the company’ s activities are impacting on the environment. They should also the economic benefits that the society is deriving from the company as well as the social impact the company’ s activities are creating for the community around them.

This essay is focused on two mining companies Leighton holdings and AGL Company which are listed in the Australian Securities Exchange. Our aim is to evaluate how they have adopted GRI 3 in the presentation of their corporate sustainability report based on the impact of their operations on the environment, cooperation with society, and the economic impact they create on the community. The paper also provides an analysis of the various items that are reported for the two companies so as to provide information on their corporate social responsibility and if each of the companies follows the requirements set up by the GRI that in sustainability reporting companies should consider the environmental, social and economic impact of company’ s activities to its surrounding.


Burritt, R, L, & Schaltegger, S, (2010), sustainability accounting and reporting: fad or trend, Accounting, Auditing & Accountability Journal, 23(7), 829-846.

Chvatalová, Z, Kocmanová, A, & Dočekalová, M, (2011), corporate sustainability reporting and measuring corporate performance, in Environmental Software Systems, Frameworks of the environment (pp. 245-254), Springer Berlin Heidelberg.

Dingwerth, K, & Eichinger, M, (2010), Tamed transparency: how information disclosure under the Global Reporting Initiative fails to empower, Global Environmental Politics, 10(3), 74-96.

Dumay, J, Guthrie, J, & Farneti, F, (2010), GRI sustainability reporting guidelines for public and third sector organizations: a critical review, Public Management Review, 12(4), 531-548.

Fonseca, A, (2010), how credible are mining corporations' sustainability reports? A critical analysis of external assurance under the requirements of the international council on mining and metal, Corporate Social Responsibility and Environmental Management, 17(6), 355-370.

Gnansounou, E, (2011), assessing the sustainability of biofuels: a logic-based model. Energy, 36(4), 2089-2096.

Ioannou, I, & Serafeim, G, (2011), the consequences of mandatory corporate sustainability reporting, Harvard Business School Research Working Paper, (11-100).

Kolk, A, (2010), Trajectories of sustainability reporting by MNCs, Journal of World Business, 45(4), 367-374.

Lozano, R, & Huisingh, D, (2011), Inter-linking issues and dimensions in sustainability reporting, Journal of Cleaner Production, 19(2), 99-107.

Manetti, G, (2011). the quality of stakeholder engagement in sustainability reporting: empirical evidence and critical points, Corporate Social Responsibility and Environmental Management, 18(2), 110-122.

Roca, L, C, & Searcy, C, (2012), an analysis of indicators disclosed in corporate sustainability reports, Journal of Cleaner Production, 20(1), 103-118.

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