Question 1

Carbon accounting can be interpreted as a vehicle for internalising previously ignored externalities.

Accepted Answer

A) True 
 B)False  True

Question 2

The incorrect statement concerning incorporating sustainability into an organisation is:

Accepted Answer

A)  There is general agreement world-wide on what is meant by sustainability 
B)  It requires a long-term focus 
C)  It requires a change in corporate culture 
D)  Participation of multiple stakeholders along the value chain is a key factor for success 
A)  There is general agreement world-wide on what is meant by sustainability 
B)  It requires a long-term focus 
C)  It requires a change in corporate culture 
D)  Participation of multiple stakeholders along the value chain is a key factor for success A

Question 3

In calculating a carbon footprint for an entity which of these is an indirect as opposed to a direct emission?

Accepted Answer

A)  Onsite waste 
B)  Emissions generated from purchased electricity 
C)  Fuel usage for transporting inputs 
D)  All of the above are indirect emissions 
A)  Onsite waste 
B)  Emissions generated from purchased electricity 
C)  Fuel usage for transporting inputs 
D)  All of the above are indirect emissions B

Question 4

The environmental or sustainable accounting package includes:

Accepted Answer

A)  auditing and assurance services 
B)  management accounting techniques 
C)  financial accounting 
D)  all of the above 
A)  auditing and assurance services 
B)  management accounting techniques 
C)  financial accounting 
D)  all of the above

Question 5

Currently, in many organizations, sustainability costs tend not to be treated as separate costs within the accounting system.

Accepted Answer

A) True 
 B)False

Question 6

Progress on sustainability is most likely to be achieved by:

Accepted Answer

A)  individual champions 
B)  employees 
C)  multidisciplinary teams 
D)  management accountants 
A)  individual champions 
B)  employees 
C)  multidisciplinary teams 
D)  management accountants

Question 7

Risk that emerges in the form of a breakdown in internal processes is known as:

Accepted Answer

A)  operational risk 
B)  reputation risk 
C)  competitive risk 
D)  asset impairment risk 
A)  operational risk 
B)  reputation risk 
C)  competitive risk 
D)  asset impairment risk

Question 8

An issue for management accounting is how to integrate specific environmental or social management systems for financial regulation with the general management system of the entity.

Accepted Answer

A) True 
 B)False

Question 9

The issue that cannot be related to sustainability is:

Accepted Answer

A)  packaging 
B)  bribery and kickbacks 
C)  customer privacy 
D)  none of the above, i.e. all can be related to sustainability 
A)  packaging 
B)  bribery and kickbacks 
C)  customer privacy 
D)  none of the above, i.e. all can be related to sustainability

Question 10

Which of these types of costs is not a private cost to an entity?

Accepted Answer

A)  contingent costs 
B)  hidden costs 
C)  conventional costs 
D)  societal costs 
A)  contingent costs 
B)  hidden costs 
C)  conventional costs 
D)  societal costs

Question 11

The index for ranking companies on their sustainability practices is:

Accepted Answer

A)  The Australian SAM Sustainability Index (AuSSI) 
B)  The Global 100 Most Sustainable Corporations in the World 
C)  The Dow Jones Sustainability Index (DJSI) 
D)  All are sustainability benchmarking indexes 
A)  The Australian SAM Sustainability Index (AuSSI) 
B)  The Global 100 Most Sustainable Corporations in the World 
C)  The Dow Jones Sustainability Index (DJSI) 
D)  All are sustainability benchmarking indexes

Question 12

Ethical behaviour is an individual obligation, not an organisational obligation.

Accepted Answer

A) True 
 B)False

Question 13

Life cycle analysis ends with the sale of the product.

Accepted Answer

A) True 
 B)False

Question 14

To best highlight sustainable costs and benefits sustainability costs should be:

Accepted Answer

A)  allocated to there own cost pools 
B)  treated as period costs 
C)  traced directly to cost objects 
D)  a and c 
A)  allocated to there own cost pools 
B)  treated as period costs 
C)  traced directly to cost objects 
D)  a and c

Question 15

The way that the balanced scorecard should be adapted as a tool for monitoring sustainability which is generally considered to be the most useful approach, is:

Accepted Answer

A)  Adding an additional sustainability perspective 
B)  Developing a separate, individually derived, sustainability scorecard in conjunction with the existing scorecard 
C)  Integrating environmental and social aspects into the four standard perspectives 
D)  There is no opinion as to which is the best option 
A)  Adding an additional sustainability perspective 
B)  Developing a separate, individually derived, sustainability scorecard in conjunction with the existing scorecard 
C)  Integrating environmental and social aspects into the four standard perspectives 
D)  There is no opinion as to which is the best option

Question 16

The three sustainability management goals of economic, environmental, and social sustainability are generally in harmony.

Accepted Answer

A) True 
 B)False

Question 17

The set of guideline it is compulsory for all Australian companies to follow when reporting on sustainability is the:

Accepted Answer

A)  Balanced Scorecard 
B)  Global Reporting Initiative (GRI) 
C)  ASX Corporate Governance Principles and Recommendations 
D)  There is not a set of guidelines that it is compulsory to follow 
A)  Balanced Scorecard 
B)  Global Reporting Initiative (GRI) 
C)  ASX Corporate Governance Principles and Recommendations 
D)  There is not a set of guidelines that it is compulsory to follow

Question 18

Which of these will tend not to support performance and sustainability business governance?

Accepted Answer

A)  tailoring information on sustainability to the industry and organisation 
B)  having a CEO who is dominant over the board 
C)  aligning the key drivers of sustainability with information reported externally 
D)  balancing the need for investor's returns with the wider needs of society 
A)  tailoring information on sustainability to the industry and organisation 
B)  having a CEO who is dominant over the board 
C)  aligning the key drivers of sustainability with information reported externally 
D)  balancing the need for investor's returns with the wider needs of society

Question 19

Which of these is a behavioural issue as opposed to a technical issue when implementing sustainability change processes within an organisation?

Accepted Answer

A)  Identifying suitable social and environmental measures for performance evaluation 
B)  Creating ownership of projects by participants 
C)  Arriving at suitable objectives in line with sustainability strategies 
D)  All are behavioural issues 
A)  Identifying suitable social and environmental measures for performance evaluation 
B)  Creating ownership of projects by participants 
C)  Arriving at suitable objectives in line with sustainability strategies 
D)  All are behavioural issues

Question 20

A key goal relating to sustainability and sustainable development is to:

Accepted Answer

A)  achieve social justice 
B)  foster economic and social progress 
C)  live within our environmental resource limits 
D)  all of the above are key goals 
A)  achieve social justice 
B)  foster economic and social progress 
C)  live within our environmental resource limits 
D)  all of the above are key goals

Carbon accounting can be interpreted as a vehicle for internalising previously ignored externalities.

The incorrect statement concerning incorporating sustainability into an organisation is:

In calculating a carbon footprint for an entity which of these is an indirect as opposed to a direct emission?

The environmental or sustainable accounting package includes:

Currently, in many organizations, sustainability costs tend not to be treated as separate costs within the accounting system.

Progress on sustainability is most likely to be achieved by:

Risk that emerges in the form of a breakdown in internal processes is known as:

An issue for management accounting is how to integrate specific environmental or social management systems for financial regulation with the general management system of the entity.

The issue that cannot be related to sustainability is:

Which of these types of costs is not a private cost to an entity?

The index for ranking companies on their sustainability practices is:

Ethical behaviour is an individual obligation, not an organisational obligation.

Life cycle analysis ends with the sale of the product.

To best highlight sustainable costs and benefits sustainability costs should be:

The way that the balanced scorecard should be adapted as a tool for monitoring sustainability which is generally considered to be the most useful approach, is:

The three sustainability management goals of economic, environmental, and social sustainability are generally in harmony.

The set of guideline it is compulsory for all Australian companies to follow when reporting on sustainability is the:

Which of these will tend not to support performance and sustainability business governance?

Which of these is a behavioural issue as opposed to a technical issue when implementing sustainability change processes within an organisation?

A key goal relating to sustainability and sustainable development is to:

The Role of Accounting Information in Management Decision Making

Cost Concepts, Behaviour and Estimation

A Costing Framework and Cost Allocation

Costvolumeprofit Cvp Analysis

Planning Budgeting and Behaviour

Operational Budgets

Job and Process Costing Systems

Flexible Budgets, Standard Costs and Variance Analysis

Variance Analysis: Revenue and Cost

Activity Analysis: Costing and Management

Relevant Costs for Decision Making

Strategy and Control

Capital Budgeting and Strategic Investment Decisions

The Strategic Management of Costs and Revenues

Strategic Management Control: a Lean Perspective

Responsibility Accounting, Performance Evaluation and Transfer Pricing

The Balanced Scorecard and Strategy Maps

Rewards, Incentives and Risk Management

Filters

Exam 19: Sustainability Management Accounting

Carbon accounting can be interpreted as a vehicle for internalising previously ignored externalities.

The incorrect statement concerning incorporating sustainability into an organisation is:

In calculating a carbon footprint for an entity which of these is an indirect as opposed to a direct emission?

The environmental or sustainable accounting package includes:

Currently, in many organizations, sustainability costs tend not to be treated as separate costs within the accounting system.

Progress on sustainability is most likely to be achieved by:

Risk that emerges in the form of a breakdown in internal processes is known as:

An issue for management accounting is how to integrate specific environmental or social management systems for financial regulation with the general management system of the entity.

The issue that cannot be related to sustainability is:

Which of these types of costs is not a private cost to an entity?

The index for ranking companies on their sustainability practices is:

Ethical behaviour is an individual obligation, not an organisational obligation.

Life cycle analysis ends with the sale of the product.

To best highlight sustainable costs and benefits sustainability costs should be:

The way that the balanced scorecard should be adapted as a tool for monitoring sustainability which is generally considered to be the most useful approach, is:

The three sustainability management goals of economic, environmental, and social sustainability are generally in harmony.

The set of guideline it is compulsory for all Australian companies to follow when reporting on sustainability is the:

Which of these will tend not to support performance and sustainability business governance?

Which of these is a behavioural issue as opposed to a technical issue when implementing sustainability change processes within an organisation?

A key goal relating to sustainability and sustainable development is to:

The Role of Accounting Information in Management Decision Making

Cost Concepts, Behaviour and Estimation

A Costing Framework and Cost Allocation

Costvolumeprofit Cvp Analysis

Planning Budgeting and Behaviour

Operational Budgets

Job and Process Costing Systems

Flexible Budgets, Standard Costs and Variance Analysis

Variance Analysis: Revenue and Cost

Activity Analysis: Costing and Management

Relevant Costs for Decision Making

Strategy and Control

Capital Budgeting and Strategic Investment Decisions

The Strategic Management of Costs and Revenues

Strategic Management Control: a Lean Perspective

Responsibility Accounting, Performance Evaluation and Transfer Pricing

The Balanced Scorecard and Strategy Maps

Rewards, Incentives and Risk Management

Filters