Contemporary Management in Bhp

In: Business and Management

Submitted By yaya22
Words 3460
Pages 14
EXECUTIVE SUMMARY

This report is a suggestion of which accounting technique should to be integrated into BHP Billiton’s contemporary management accounting system. Through in depth research this technique has been identified as the environmental management accounting technique.

This result was achieved through the research of the strengths, weaknesses, opportunities and threats (SWOT) analysis and the identification of the critical success factors. A balanced score card was then created using the information gathered to be used in identifying the most relevant technique.

EMA was the technique decided upon as compared to the other techniques as it is the most relevant to BHP Billiton as their industry deals day to day with the environment and society. It will create awareness for the harm that is being done to the environment and will encourage them to create the minimum damage to the earth. It will also assess any repercussions of their actions that may affect society and bring harm to people.

By integrating the EMA technique, it will help the organisation to collect the most relevant information to their situation and will assist in the planning, controlling and decision making within that organisation. This will improve the organisations strategy in which to help preserve the environment and also affect their financial state positively.

TABLE OF CONTENTS

EXECUTIVE SUMMARY 3
TABLE OF CONTENTS 3
1. INTRODUCTION 5
2. BHP BILLITON LTD 5 2.1 SWOT ANALYSIS 5 2.2 CRITICAL SUCCESS FACTORS 7 2.3 BALANCED SCORE CARD 8
3. ENVIRONMENTAL MANAGEMENT ACCOUNTING 10 3.1 TRIGGERS FOR ADOPTION 10 3.2 TECHNICAL CHARACTERISTICS 11 3.3 ISSUES CONCERNING IMPLEMENTATION 12 3.4 EXCPECTED LONGER TERM OUTCOMES AND BENEFITS 12
REFERENCES 13
APPENDIX 15 APPENDIX 1 15…...

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