You are newly employed by Silver and Gold Ltd to promote their environmental approach to mining for

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You are newly employed by Silver and Gold Ltd to promote their environmental approach to mining for minerals. In their annual report and promotional material, Silver and Gold Ltd states that protecting the environment while mining is one of its most important goals. This is what attracted you to your new position. Having completed an accounting subject during your marketing degree, rather than simply accepting the budget at face value, you decide to scrutinise it to see what you can learn about your new employer. You find no resources budgeted for revegetating and regenerating old mine sites, and mining practices appear to be based on minimising costs rather than minimising damage to the environment. However, you do find budgeted expenditure for lobbying politicians to grant mining rights in national parks and you are pleased to see a large amount of resources allocated to marketing the company’s positive environment image. Discuss whether what the budget communicates is consistent with the stated position on environmental issues of Silver and Gold and how this might affect on your continuing employment with the company.

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Accounting

ISBN: 9780730382737

11th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

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