StudentShare solutions
Triangle menu

Management Accounting - Essay Example

Nobody downloaded yet
Well whatever the reason is, it is surely time that we sit down, assess and analyse the system as a whole and try coming out with both, a reason and a solution for all this happening. Arguably the main reason of reaching such a unpleasant situation is that, major stakeholders, whether it’s the big companies or the government, they have mainly focussed on short term achievement and plans rather than analysing, assessing and planning for longer term success. Hence before we consider entering in a developing country for investment purposes I would like to reflect some light on different aspect of sustainability reporting, the differences between sustainability reporting and traditional reporting and the benefits of sustainability reporting. Introduction A sustainability report mainly focuses, in fact constitutes, three elements or dimension, namely, social, economic and environmental. Due to this fact is often known as triple bottom line or 3BL. Some even regards is as a planet, profit, people principle. While discussing this aspect, sustainability reporting is often substituted for environmental social and governance reporting and corporate social responsibility as the whole idea is almost the same. The framework of sustainability is set up by GRI (Global Reporting initiative), a non-profit organisation. Difference between sustainability reporting and traditional reporting Sustainability reports differs from traditional reporting in a few important ways. Sustainability reports stress on the fact of maximising stakeholder value rather than only shareholder value. Stakeholder in this context refers to someone in fact anyone that is affected by the organisations actions whether it be directly or indirectly. Customers, civil societies, employees, financers and the community as a whole are all included in the list of stakeholders. Another crucial difference is that sustainability reports do not require each aspect to be in monetary term. That is some indicators may just be included as a comparison as the previous years to help analyse how the company is performing. In traditional reporting all reported data is produced in monetary terms. Sustainability reports produce comparison data due to the fact that some performance indicators may not be valued accurately in monetary terms, thus, are better off used as a mean of comparison. An example may be that of the pollution waste produce by the organisation. This may be reported as number of tons of wastage produced or even waste per unit of production. Both can be compared with that of other organisations depending on what indicator the other organisation has preferred. The sorts of information that they will need to include in a sustainability report of why they should be included The main reason to produce a sustainability report is to provide a true representation of the sustainable performance of an entity, that is, a reasonable and balanced presentation of the entity performance that includes both its positive contributions and negative contributions. Sustainability reporting helps organisations produce sustainable information of an ...Show more


REPORT ON SUSTAINABILITY REPORTING Contents Introduction 3 Difference between sustainability reporting and traditional reporting 3 The sorts of information that they will need to include in a sustainability report of why they should be included 4 What benefits they should expect from preparing sustainability reports 5 My opinion on the future of sustainability reporting and how what they might report now, may change in the foreseeable future 6 Conclusion 6 REFERENCES 7 Board of directors ABC Company United Kingdom Today’s world is facing many challenges especially with regards to economy…
Author : aiden34
Management Accounting essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Management Accounting"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Management accounting
……………………………………………...6 References…………………………………………………………………………………………7 Introduction British Airways plc (BA) is one of the largest airlines worldwide and is considered as the national carrier of the United Kingdom based on its large fleet, international flights and destinations.
6 pages (1500 words) Essay
Management Accounting --
This contingency management depends on the manager’s personal leadership style. It also relies upon the talent and behaviours of the regular employees. The contingency theory is a line of thinking that there is no one ideal way of leadership. It also contends that certain leadership styles may be effective in some situations, but not so in others.
3 pages (750 words) Essay
Management accounting
Since the director’s of companies cannot execute their company’s strategies on their own, they have to rely on people and thus create an organization structure that allows decentralization of management responsibilities. According to Hoskin & Macve (1990, pg.
6 pages (1500 words) Essay
Management Accounting
Management accounting emphasizes on decision making and forward looking instead of the old or historical data which the basic accounting used to emphasize. There are different methods that have emerged because of management accounting and some of these techniques are; Activity Based Costing (ABC), Grenzplankostenrechnung (GPK), Resource Consumption Accounting (RCA), etc.
4 pages (1000 words) Essay
This paper contains an introduction to the topic of discussion, literature review, a research methodology that was used to collect data, a section for analyzing the data, and a last section for conclusion. Table of Contents 1 1.0 Introduction 3 2.0 Literature review 4 2.1 Accounting 4 2.2 Management control/ accounting systems 5 2.3 Management accounting and decision-making 6 3.0 Research methodology 7 4.0 Analysis 8 4.1 Supporting arguments for Johnson and Kaplan’s (1987) argument 8 4.1 Arguments against the criticism issued by Johnson and Kaplan 9 5.0 Conclusion 11 References 12 1.0 Introduction The field of management has witnessed numerous transformations that are mainly attributed to
10 pages (2500 words) Essay
Management Accounting
Management accounting is a branch of accounting which mainly deals with various managerial aspects. This is primarily handled by the managers within the organization, and it is an essential component in taking appropriate decisions. The concept of management accounting comes under the Management accountant who is responsible for the preparation of financial statements, and management accounting report for appropriate decision making.
4 pages (1000 words) Essay
Management Accounting
"The process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of financial information used by management to plan, evaluate, and control within an organization and to assure appropriate use of and accountability for its resources.
8 pages (2000 words) Essay
Management Accounting
This report aims to develop a blueprint for the implementation of management accounting system for the company according to its specific needs,
6 pages (1500 words) Essay
Management accounting
Strategy is mainly depended upon the mission, vision and values of the organization and the goal of BSC is to map the strategy and measure the strategy accordingly.
4 pages (1000 words) Essay
Management accounting
They play different roles in the process of satisfying the needs of the stakeholders of a particular organization. This essay attempts to provide a clear understanding regarding the differences that exist between the management
4 pages (1000 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Let us find you another Essay on topic Management Accounting for FREE!
Contact us:
Contact Us Now
  • About StudentShare

  • Testimonials

  • FAQ

  • Blog

  • Free Essays
  • New Essays
  • Essays

  • The Newest Essay Topics
Join us:
Contact Us