QUESTIONS 10-12. On page 12 of the BGP Biliton annual report of 2010, it is stated that 'despite our best efforts and best intentions there remains a risk that health, safety, environmental and /or community incidents or accidents may occur that may negatively impact our reputation or licence to operate". Question 10: Explain why the practice of financial accounting tends to ignore the social and environmental impacts caused by organizations such as BGP. Hint; Provide atleast 7 reasons Question 11: Recommend how BHP could overcome some of the issues in financial accounting if they wish to report social, environmental information? Question 12: Make three recommendations how BHP could react from a disclosure perspective if an environmental and/or community incidents or accidents has occurred that has breached terms of their license to operate'? QUESTIONS 10-12. On page 12 of the BGP Biliton annual report of 2010, it is stated that 'despite our best efforts and best intentions there remains a risk that health, safety, environmental and /or community incidents or accidents may occur that may negatively impact our reputation or licence to operate". Question 10: Explain why the practice of financial accounting tends to ignore the social and environmental impacts caused by organizations such as BGP. Hint; Provide atleast 7 reasons Question 11: Recommend how BHP could overcome some of the issues in financial accounting if they wish to report social, environmental information? Question 12: Make three recommendations how BHP could react from a disclosure perspective if an environmental and/or community incidents or accidents has occurred that has breached terms of their license to operate