Question 1

The Global Reporting Initiative give grades to companies. What are the grades and how are they earned?

Accepted Answer

To achieve a grade of A under the GRI, a company must report on all indicators. To attain an A+, the company must report on all indicators and have external assurance. For grades of B or C, the company can choose on which indicators it will report, with more indicators needed to receive a grade of B. If assurance services are used to verify the reporting, the company can raise the grade, from B to B+ or C to C+.

Question 2

Integrated reporting combines two different types of reports into one report to better explain and enterprise's ability to create and sustain value. What is the challenge this benefit must address?

Accepted Answer

The systems and IT currently used for the multiple strands of reporting may not be compatible. The accounting system must be able to integrate the multiple sources of financial and nonfinancial information. To prepare an integrated report, the accounting system must be designed to collect and store both financial and nonfinancial data that can be used to measure performance. Most accounting systems are well suited to storing financial data measured in dollars. But how will such a system store nonfinancial, strategic data that is not measured in dollars? One of the proposed solutions to meeting the unique challenges of integrated reporting is to use eXtensible Business Reporting Language (XBRL). XBRL electronically tags data (similar to putting a bar code on products)for easier analysis and retrieval. XBRL can tag financial and nonfinancial data, so XBRL appears promising for collecting and reporting financial and nonfinancial data to streamline integrated reporting.

Question 3

An integrated report does not show how business decisions and performance are connected.

Accepted Answer

A) True 
 B)False  False

Question 4

The triple bottom line focuses on the effect of which three results?

Accepted Answer

A) People, technology, and environment 
B) Profit, people, and quality of life 
C) People, profit, and the planet 
D) Technology, profit, and corporate morals 
A) People, technology, and environment 
B) Profit, people, and quality of life 
C) People, profit, and the planet 
D) Technology, profit, and corporate morals

Question 5

________ is a recycling programs for electronic products.

Accepted Answer

The answer of ________ is a recycling programs for electronic...

Question 6

What does enterprise carbon accounting measure?

Accepted Answer

A) The reduction of carbon emissions resulting from a corporation's process redesign 
B) The impact of recycling on corporate profits 
C) Consumer awareness of carbon emissions 
D) The amount of carbon emissions resulting from a corporation's operations and activities 
A) The reduction of carbon emissions resulting from a corporation's process redesign 
B) The impact of recycling on corporate profits 
C) Consumer awareness of carbon emissions 
D) The amount of carbon emissions resulting from a corporation's operations and activities

Question 7

The two criteria to evaluate frameworks for reporting and evaluating sustainability performance are ________.

Accepted Answer

transparen

Question 8

Which method of creating value is best defined as strive for zero waste as opposed to reduced waste?

Accepted Answer

A) Cradle-to-cradle model 
B) Life cycle assessment model 
C) Redesign the product 
D) Redesign the processes 
A) Cradle-to-cradle model 
B) Life cycle assessment model 
C) Redesign the product 
D) Redesign the processes

Question 9

What are the three keys to sustainability?

Accepted Answer

People, Te

Question 10

You are a staff accountant in the purchasing cycle group at Acme Widgets. Acme manufactures widgets from various metals and has manufacturing plants around the world.
Acme Widgets has come under pressure from various governments, environmental, and humanitarian groups to improve their sustainability practices. You are asked to provide suggestions on incorporating sustainability practices within the purchasing cycle. Prepare an email with your suggestions.

Accepted Answer

Here are my suggestions for incorporatin

Question 11

Which sustainability reporting framework was a joint undertaking of the British Standards Institution, Forum for the Future, AccountAbility, and the UK Department of Trade and Industry and provides guiding principles for sustainability and a framework that integrates sustainability into management decision making?

Accepted Answer

A) ISO 14000 Environmental Management 
B) International Federation of Accountants (IFA
C) Sustainability Framework 
C) Sigma Guidelines 
D) Global Reporting Initiative (GRI) 
A) ISO 14000 Environmental Management 
B) International Federation of Accountants (IFA
C) Sustainability Framework 
C) Sigma Guidelines 
D) Global Reporting Initiative (GRI)

Question 12

Sustainability, a new approach to decision making, shifts the decision focus from minimizing risk to ________.

Accepted Answer

The answer of Sustainability, a new approach to decision making,...

Question 13

In integrated reporting, thinking does not include considering long-term success.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is the emerging form of common currency in the built (building's)environment?

Accepted Answer

A) H2O 
B) CO 
C) H2O2 
D) CO2 
A) H2O 
B) CO 
C) H2O2 
D) CO2

Question 15

There is a class of corporation that reports on profit, people, and planet.

Accepted Answer

A) True 
 B)False

Question 16

________ is an innovation method that seeks sustainable solutions by emulating nature's patterns and strategies.

Accepted Answer

The answer of ________ is an innovation method that seeks...

Question 17

Traditional reporting adds more information while integrated reporting attempts to remove clutter and focus on making key connections clear. What is the challenge must this benefit must address?

Accepted Answer

The integrated reporting challenge is to

Question 18

Which guiding principle of integrated reporting attempts to moves from the historical perspective to the long-term perspective?

Accepted Answer

A) Strategic Focus 
B) Connectivity of Information 
C) Responsiveness and Stakeholder Inclusiveness 
D) Conciseness, Reliability, and Materiality 
A) Strategic Focus 
B) Connectivity of Information 
C) Responsiveness and Stakeholder Inclusiveness 
D) Conciseness, Reliability, and Materiality

Question 19

Although the triple bottom line and sustainability are related, ________ considers a longer run perspective.

Accepted Answer

The answer of Although the triple bottom line and sustainability...

Question 20

Match the sustainability framework with the appropriate definition. 
-INTERNATIONAL FEDERATION OF ACCOUNTANTS (IFAC)SUSTAINABILITY FRAMEWORK

Accepted Answer

A) Enables organizations to identify and control their environmental impact, continuously improve their environmental performance, and implement a systematic approach to setting and achieving environmental targets. 
B) Provides a resource summarizing various frameworks used in accounting for sustainability. 
C) Provides a sustainability reporting framework of which the G3 guidelines are the cornerstone. 
D) Requires ISO 14001 as the environmental management system. 
E) Provide guiding principles for sustainability and a framework that integrates sustainability into management decision making. 
A) Enables organizations to identify and control their environmental impact, continuously improve their environmental performance, and implement a systematic approach to setting and achieving environmental targets. 
B) Provides a resource summarizing various frameworks used in accounting for sustainability. 
C) Provides a sustainability reporting framework of which the G3 guidelines are the cornerstone. 
D) Requires ISO 14001 as the environmental management system. 
E) Provide guiding principles for sustainability and a framework that integrates sustainability into management decision making.

The Global Reporting Initiative give grades to companies. What are the grades and how are they earned?

Integrated reporting combines two different types of reports into one report to better explain and enterprise's ability to create and sustain value. What is the challenge this benefit must address?

An integrated report does not show how business decisions and performance are connected.

The triple bottom line focuses on the effect of which three results?

________ is a recycling programs for electronic products.

What does enterprise carbon accounting measure?

The two criteria to evaluate frameworks for reporting and evaluating sustainability performance are ________.

Which method of creating value is best defined as strive for zero waste as opposed to reduced waste?

What are the three keys to sustainability?

Sustainability, a new approach to decision making, shifts the decision focus from minimizing risk to ________.

In integrated reporting, thinking does not include considering long-term success.

Which of the following is the emerging form of common currency in the built (building's)environment?

There is a class of corporation that reports on profit, people, and planet.

________ is an innovation method that seeks sustainable solutions by emulating nature's patterns and strategies.

Traditional reporting adds more information while integrated reporting attempts to remove clutter and focus on making key connections clear. What is the challenge must this benefit must address?

Which guiding principle of integrated reporting attempts to moves from the historical perspective to the long-term perspective?

Although the triple bottom line and sustainability are related, ________ considers a longer run perspective.

Match the sustainability framework with the appropriate definition. -INTERNATIONAL FEDERATION OF ACCOUNTANTS (IFAC)SUSTAINABILITY FRAMEWORK

Accounting Systems Insights

Accounting Databases

Accounting Interface: Database Forms, Queries, and Reports

Accounting Systems and Business Processes

Business Processes: Purchasing, Sales, and Payroll Cycles

Integrated Enterprise Systems and Cloud Computing

Accounting and Business Intelligence

XBRL: Intelligent Business Reporting

Fraud and Internal Control

Cybersecurity

The Risk Intelligent Enterprise: Enterprise Risk Management

Accounting System Development

Database Design: ERD, REA, and SQL

Filters

Exam 8: Accounting and Sustainability Intelligence

The Global Reporting Initiative give grades to companies. What are the grades and how are they earned?

Integrated reporting combines two different types of reports into one report to better explain and enterprise's ability to create and sustain value. What is the challenge this benefit must address?

An integrated report does not show how business decisions and performance are connected.

The triple bottom line focuses on the effect of which three results?

________ is a recycling programs for electronic products.

What does enterprise carbon accounting measure?

The two criteria to evaluate frameworks for reporting and evaluating sustainability performance are ________.

Which method of creating value is best defined as strive for zero waste as opposed to reduced waste?

What are the three keys to sustainability?

Sustainability, a new approach to decision making, shifts the decision focus from minimizing risk to ________.

In integrated reporting, thinking does not include considering long-term success.

Which of the following is the emerging form of common currency in the built (building's)environment?

There is a class of corporation that reports on profit, people, and planet.

________ is an innovation method that seeks sustainable solutions by emulating nature's patterns and strategies.

Traditional reporting adds more information while integrated reporting attempts to remove clutter and focus on making key connections clear. What is the challenge must this benefit must address?

Which guiding principle of integrated reporting attempts to moves from the historical perspective to the long-term perspective?

Although the triple bottom line and sustainability are related, ________ considers a longer run perspective.

Match the sustainability framework with the appropriate definition. -INTERNATIONAL FEDERATION OF ACCOUNTANTS (IFAC)SUSTAINABILITY FRAMEWORK

Accounting Systems Insights

Accounting Databases

Accounting Interface: Database Forms, Queries, and Reports

Accounting Systems and Business Processes

Business Processes: Purchasing, Sales, and Payroll Cycles

Integrated Enterprise Systems and Cloud Computing

Accounting and Business Intelligence

XBRL: Intelligent Business Reporting

Fraud and Internal Control

Cybersecurity

The Risk Intelligent Enterprise: Enterprise Risk Management

Accounting System Development

Database Design: ERD, REA, and SQL

Filters