ACCT 20051/20077: Purpose of a Double-Entry Bookkeeping System. - Accounting Assignment

Internal Code: MAS242

Accounting Assignment:

Questions 1. Discuss the purpose of a double-entry bookkeeping system. 2. Differentiate between financial and management accounting. Give an example of how management accounting reports would be incorporated into financial accounting reports. 3. BHP Billiton Ltd includes a sustainability report in its annual report. What are key performance indicators included in this report? Explain the different stakeholders that would be interested in this information. 4. ‘Complying with the law will always mean that you are acting ethically.’ Discuss this statement. 5. Comment on the following situations in relation to the ASXCGC corporate governance principles and recommendations.