The traditional method for accounting purposes is the Gross Domestic Product. However, this method does not account for environmental changes. c) What is ‘triple bottom reporting’ and why is it considered important? Give an example of such reporting.
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The traditional method for accounting purposes is the
c) What is ‘triple bottom reporting’ and why is it considered important? Give an example of such reporting.
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- Bring out the need and importance of Social Accounting from the given options; (1) Only commercial aspects of a business are not enough (2) Consideration towards people needs to be considered (3) Social irresponsibility is not tolerated as people are aware of rights and responsibilities via government rules (4)The company must accept its obligation to be socially responsible and to work for the larger benefit of the community. a. Only 1, 2 and 3 b. All the given options are to be considered c. Only 3 and 4 d. Only 1, 2 and 4 Clear my choiceYou have been asked by the board of directors of a listed bank to update them on the emerging corporate governance issues that should be of interest to them. Research and prepare a report for the board on the corporate governance issues that should be of current concern to thedirectors of this company.Good governance on accounting reports is beneficial to the business. Please state five (5)reason for that.
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