Question 1: How does Ethical reasoning affect both professional judgment and individual judgment and behavior in the accounting context?                                                                               Question 2:   Sustainability requires a rethinking of, economic systems and business models. Discuss and provide an example for both an economic system and business model. Question 3: Discuss the concepts of accountability, legitimacy and sustainability and the links between these concepts. How do these concepts affect the way accountability relationships are formed and the concept of stakeholders? Question 4: Sustainability standards and frameworks are diverse, political and serve different purposes, Discuss. How do these standards and reports prioritize certain stakeholders and interest groups while neglecting others?

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter13: Emerging Topics In Managerial Accounting
Section: Chapter Questions
Problem 5MCQ: Beginning with strategy, which of the following items lists the areas of the business sustainability...
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Question 1:

How does Ethical reasoning affect both professional judgment and individual judgment and behavior in the accounting context?                                                                              

Question 2:

 

Sustainability requires a rethinking of, economic systems and business models. Discuss and provide an example for both an economic system and business model.

Question 3:

Discuss the concepts of accountability, legitimacy and sustainability and the links between these concepts.

How do these concepts affect the way accountability relationships are formed and the concept of stakeholders?

Question 4:

Sustainability standards and frameworks are diverse, political and serve different purposes, Discuss.

How do these standards and reports prioritize certain stakeholders and interest groups while neglecting others?

Question 5:

Discuss the critical role of external accounting in enhancing accountability relationships.

How can these external accounts highlight the social and/or economic impacts of the organisation that might not have been included in the organization’s own disclosures?

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