Managerial sustainability Essay

2023 Words9 Pages
BX 3172 Managing Accounting for Non-Accountants
Individual 1500 word Assignment

Lecturer: RACHNA SHARMA
Student’s name: VU THI LAN HUONG Student’s number: 12857879
TABLE OF CONTENTS
Executive summary…….................................………………………………………………3
1 .0 Introduction……………………………………………………………….…….………4
2.0 What is sustainability…………………………………………………………..………..4
3.0 Triple Bottom Lines………………………….……………………………..……..……..4 3.1 Economic performance……………………………..……………………………..……..5
3.1.1 Turnover………………………………..………………………………………..5
3.1.2 Wages………………………………..……………………………………..……5
3.1.3 Imports………………………………..…………………………………………5
3.1.4 Profit………………………………..……………………………………………6
How could they improve in the future?
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Woolworths is an excellent role model for the TBL reporting.

3.0 Triple Bottom Lines As mention above, TBL not only focusing on the financial return from its investments, financing activities and operating activities but also the environment and social value they has been added/destroyed. It’s considered as successful guideline for organizations which are expected to participate in ethical dialogue with stakeholders to make business decision that will benefit the economy as well as society improvements and planet.

3.1 Economic performance Economy (profit) perspective usually relates to the financial performance of a company, it shows the company’s profits as well as loss statement, and other factors such as market price. (Sivabalan, Sawyers, Jackson, & Jenkins, 2013, p.230) It shows all the inflow and outflow of resources from the organizations, which include cash, assets, liabilities and others. Economic outcomes is captured by accounting values in a business and influenced through the conduct of their operations. (Sivabalan, Sawyers, Jackson, & Jenkins, 2013, p.230) The four most important helpful performance measures are profit, wages, turnovers and imports of the organization.

3.1.1 Turnover With 19100 employees working in almost every city and town across Australia and New Zealand, which makes Woolworths Limited, is one of the largest employers in Australia, which does not have a high
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