xplain 3 reasons why a company should adapt environmental accounting in ther business
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Explain 3 reasons why a company should adapt environmental accounting in ther business
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- What is the advantage of adopting environmental accounting as part of their accounting system in a companyDistinguish the rationales for some companies to adopt environmental accounting as part of their accounting system.Reccomendation on how to improve or overcome the environmental factors that effects accounting system.
- The primary objective of financial accounting is Group of answer choices A. to serve the decision-making needs of the company’s management. B. to determine whether to build, buy or rent a building. C. to provide financial statements to help external users analyze and interpret an organization’s activities. D. to provide information on the costs and benefits of producing a new product.Assume that the FASB is considering revising an important accounting standard.Required:1. What constraint applies to the FASB’s consideration of whether to require companies to provide new information?2. In what Concepts Statement is that constraint discussed?3. What are some of the possible costs that could result from a revision of an accounting standard?4. What does the FASB do in order to assess possible benefits and costs of a proposed revision of an accounting standard?Providing information about the performance and fi nancial position of companies so thatusers can make economic decisions best describes the role of:B . fi nancial reporting.
- The environmental management plan considers the environmental and social impacts and: Group of answer choices how to account for these costs shows how the business will respond to market conditions how the business will develop its products or services identifies capital requirements and sources of capitalDiscuss TWO (2) impacts of technological advancement on the management accounting practice.a. You are an IS designer assigned to build a new accounting system for one of your company's division. What organisational factors should you consider? Please give further explanation b. What are the FOUR environmental changes which calls for a BPR in an organisation? Please give further explanation
- Explain how to differentiate short-term decisions from long-term decisions of a business and the changes in analyses that influence these decisions.Each of the following situations relates to a different company. A. For each of these independent situations, find the missing amounts. B. How would stakeholders view the financial performance of each company? Explain.Companies need to report both monetary and nonmonetary data and information. A. Define these two terms and provide examples of each. B. Discuss what sources are available that provide companies with both types of data and information.
