VOLUNTARY SUSTAINABILITY DISCLOSURE (Accounting) - Essay Example

Only on StudentShare

Extract of sample
VOLUNTARY SUSTAINABILITY DISCLOSURE (Accounting)

It may be argued that the above definition portrays a simplistic view of sustainability. Hence, one of the greatest difficulties encountered by corporations is to break down the sustainability phenomenon into objective goals. According to O’Dwyer’s definition of what he terms as managerial capture, corporations must define sustainability for themselves keeping in view their primary concern of shareholder wealth maximization (O’Dwyer, 2003). This has called into question the existence of the “social” aspect in “corporate social responsibility”. Sustainability must not be viewed from organization’s perspective; rather, it should be viewed from the perspective of the holistic ecosystem. Owing to an increased focus towards sustainability in the corporate world, there have been expectations from accountants to adopt an influential role in using sustainability in a positive way to enable stakeholders achieve their goals. The environmental impact of the firm’s operations on its assets, liabilities, revenues and costs has been one way of incorporating sustainability into financial statements. ...Show more

Summary

Voluntary sustainability disclosure (accounting) Customer inserts his/her name Institution’s name A comprehensive definition of sustainability encompasses all three foundations of sustainability, including the people, economy and the environment. If only the social and environmental development is taking place that is referred to as “bearable” (Chick & Micklethwaite, 2011)…
Author : hmcdermott
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"VOLUNTARY SUSTAINABILITY DISCLOSURE (Accounting)"
with a personal 20% discount.
Grab the best paper

Related Essays

Corporate sustainability reporting
The purpose of sustainable development of the company is to meet the needs and requirements of the present without compromising the capability of future generations to meet their own needs and requirements. One of the key challenges of sustainable development of a company is that it demands innovative and new choices and methods of thinking.
10 pages (2500 words) Essay
International Financial Accounting and Social and Environmental Theory
The society can include institutions, social groups, shareholders of organizations, cultures and the society in general. The role of stakeholders in the society, which involves collective contributions by individuals, is the focal point of financial accounting, social and environmental theory.
8 pages (2000 words) Essay
Accounting Theory: Firms Disclosure of Information
Accounting Theory: Firms Disclosure of Information Contents Accounting Theory: Firms Disclosure of Information 1 Contents 2 Introduction 3 Accounting Theories and Assumptions 3 Uses of Accounting Information 6 Conclusion 8 Reference 9 Introduction For sustaining in a market a firm need invest from the investors which they can get by winning the confidence of the investors.
5 pages (1250 words) Essay
Voluntary Disclosures and Accounting Theories
Some of the disclosures in the annual report are mandatory and some of them are voluntarily disclosed. There are many users of the financial and accounting information who uses this information. The main users of the annual report and other voluntary disclosed information are shareholders, creditors, other investors, banks, investment analyst, government etc.
5 pages (1250 words) Essay
Why Do Firms Voluntarily Disclosure Information?
Why do Firms Voluntarily Disclose Information? Since modern corporate governance principles give first priority to shareholder values, today firms tend to disclose their financial as well as other information in annual report. An annual report exhibits current state of affairs of a company and it is prepared to serve the interest of shareholders and stakeholders including banks, employees, and general public better way.
5 pages (1250 words) Essay
Financial Statement/Audit Report Review (1)
The accounting methods used for the government funds in the Harris county financial report is the accrual method. This is the main method of accounting used on all funds this is mainly because most of the expenditures and transactions are done over a given period of time and no definite dates can be quoted as would be the case in cash method.
3 pages (750 words) Essay
Environmental Accounting in United Arab Emirates
This practice involves recognition and disclosure of corporate environmental cost and liabilities in financial and annual reports. Business entities have a social responsibility to protect the environment which may not necessarily translate to legislative requirements but earn the corporation good reputation among in the community (Farouk, Cherian &Jacob 2012, p.1-8).
8 pages (2000 words) Assignment
To what extent does the bhpbilliton's sustainability report comply with the GRI's Sustainability Reporting Guidelines G3. Sust
The aim of this report would be to evaluate the sustainability reporting guidelines that has been designed by GRI and different facets of assurance engagement in order to analyse and compare whether the sustainability reports of companies follow these guidelines while preparing the report or not.
12 pages (3000 words) Essay
Receivables
An increase in current assets increases the gross profit by the amount of reduced allowance for doubtful debts. The rights to recommend the adjustments of the allowance for
1 pages (250 words) Coursework
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT