Question 1: (20 marks)
What are some of the criticisms of Positive Accounting Theory?
Do you agree with them?
Why or why not?
Refer answer:
– (900 words)
– Explain what Positive Accounting Theory is. – refer to Chapter 7.
– Do you agree with them? Why or why not? And give example.
Question 2: (15 marks)
‘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.’
