Question 1

Which of these is regarded as a benefit of triple bottom line reporting for companies practicing it?

Accepted Answer

A) Encouragement of a value driven culture. 
B) Better management of risk. 
C) Attracting better staff. 
D) All of the above. 
A) Encouragement of a value driven culture. 
B) Better management of risk. 
C) Attracting better staff. 
D) All of the above. D

Question 2

A study by Deegan and Gordon in 1996 reviewing the accounts of 197 Australian companies found which of the following types of environmental disclosures?

Accepted Answer

A) Recycling of materials. 
B) Use of environmentally safe products in manufacturing. 
C) Compliance with government standards. 
D) All of the above. 
A) Recycling of materials. 
B) Use of environmentally safe products in manufacturing. 
C) Compliance with government standards. 
D) All of the above. D

Question 3

Which of the following statements in relation to the outcomes of the major studies undertaken in relation to CSR disclosures is incorrect?

Accepted Answer

A) Voluntary disclosures have increased considerably since the mid-1970s. 
B) Companies appear to be using CSR disclosures as part of their public relations. 
C) Only small companies make CSR disclosures. 
D) When disclosures first commenced, companies were very sensitive to public criticism. 
A) Voluntary disclosures have increased considerably since the mid-1970s. 
B) Companies appear to be using CSR disclosures as part of their public relations. 
C) Only small companies make CSR disclosures. 
D) When disclosures first commenced, companies were very sensitive to public criticism. C

Question 4

An argument against corporate social responsibility is:

Accepted Answer

A) It is too costly. 
B) It is too difficult. 
C) Business is about building wealth for its shareholders, not helping society. 
D) All of the above. 
A) It is too costly. 
B) It is too difficult. 
C) Business is about building wealth for its shareholders, not helping society. 
D) All of the above.

Question 5

Research has found that in Australia, environmental disclosures in annual reports tend to be:

Accepted Answer

A) mostly positive in nature. 
B) mostly negative in nature. 
C) about half positive and half negative. 
D) all positive. 
A) mostly positive in nature. 
B) mostly negative in nature. 
C) about half positive and half negative. 
D) all positive.

Question 6

The form of the report recommended by the Global Reporting Initiative include:

Accepted Answer

A) an organisation profile. 
B) a description of governance structure and management systems. 
C) a vision and strategy statement. 
D) all of the above. 
A) an organisation profile. 
B) a description of governance structure and management systems. 
C) a vision and strategy statement. 
D) all of the above.

Question 7

The principle of 'stewardship' means that the main focus of accounting is on providing information to:

Accepted Answer

A) employees. 
B) shareholders. 
C) accounts payable. 
D) none of the above. 
A) employees. 
B) shareholders. 
C) accounts payable. 
D) none of the above.

Question 8

What is the approach to accounting that focuses mainly on providing information that enables owners to make money?

Accepted Answer

A) triple bottom line approach. 
B) the stakeholder approach. 
C) the sustainability approach. 
D) the stewardship approach. 
A) triple bottom line approach. 
B) the stakeholder approach. 
C) the sustainability approach. 
D) the stewardship approach.

Question 9

Briefly outline the essence of the balance scorecard approach.

Accepted Answer

The balanced scorecard is a management s

Question 10

'How companies manage the business process to produce an overall positive impact on society' is a definition of:

Accepted Answer

A) environmental responsibility. 
B) corporate social responsibility. 
C) ethics. 
D) none of the above. 
A) environmental responsibility. 
B) corporate social responsibility. 
C) ethics. 
D) none of the above.

Question 11

What is the accounting standard on corporate social responsibility in Australia?

Accepted Answer

A) AASB 111. 
B) AASB 101. 
C) AASB 110. 
D) There is no Australian standard on corporate social responsibility. 
A) AASB 111. 
B) AASB 101. 
C) AASB 110. 
D) There is no Australian standard on corporate social responsibility.

Question 12

Triple bottom line reporting refers to reporting in the three areas of:

Accepted Answer

A) pollution, climate, recycling. 
B) economic prosperity, environmental quality, social justice. 
C) physical resources, energy, human resources. 
D) none of the above. 
A) pollution, climate, recycling. 
B) economic prosperity, environmental quality, social justice. 
C) physical resources, energy, human resources. 
D) none of the above.

Question 13

In 2018 in Australia, voluntary disclosures in annual reports relating to social responsibility accounting can be described as:

Accepted Answer

A) becoming more common. 
B) rare. 
C) occasional. 
D) universal. 
A) becoming more common. 
B) rare. 
C) occasional. 
D) universal.

Question 14

The balanced scorecard approach was developed by:

Accepted Answer

A) John Elkington. 
B) Kaplan and Norton. 
C) R Grey. 
D) KPMG. 
A) John Elkington. 
B) Kaplan and Norton. 
C) R Grey. 
D) KPMG.

Question 15

Aspects of corporate social responsibility are:

Accepted Answer

A) impact on employment and job creation. 
B) health and safety. 
C) pollution. 
D) all of the above. 
A) impact on employment and job creation. 
B) health and safety. 
C) pollution. 
D) all of the above.

Question 16

Which of the following statements in relation to triple bottom line (TBL)reporting is correct? TBL reporting:

Accepted Answer

A) can only be used by companies. 
B) can and is being used by at least one Australian council. 
C) is not supported by the Australian government. 
D) All of the above statements are correct. 
A) can only be used by companies. 
B) can and is being used by at least one Australian council. 
C) is not supported by the Australian government. 
D) All of the above statements are correct.

Question 17

Which of the following is not a measure that can be used for the customer perspective when using the balanced scorecard?

Accepted Answer

A) Number of new customers. 
B) Number of branches closed down. 
C) A customer satisfaction index. 
D) Market share. 
A) Number of new customers. 
B) Number of branches closed down. 
C) A customer satisfaction index. 
D) Market share.

Question 18

The major challenge seen for triple bottom line reporting is:

Accepted Answer

A) Not everything can be measured financially. 
B) The production of each of the three parts of the report. 
C) Environmental activities are often measured negatively. 
D) The integration of economic prosperity, social justice and environmental quality. 
A) Not everything can be measured financially. 
B) The production of each of the three parts of the report. 
C) Environmental activities are often measured negatively. 
D) The integration of economic prosperity, social justice and environmental quality.

Question 19

Which of these is a standard disclosure for sustainability reporting recommended by the Global Reporting Initiative?

Accepted Answer

A) Disclosure of strategy. 
B) Disclosure of the management approach used. 
C) Disclosure of performance indicators. 
D) All of the above. 
A) Disclosure of strategy. 
B) Disclosure of the management approach used. 
C) Disclosure of performance indicators. 
D) All of the above.

Question 20

Which of the following statements relating to integrated reporting is incorrect?

Accepted Answer

A) There are no similarities at all between the integrated and GRI frameworks. 
B) The framework for integrated reporting appears to be more aligned with traditional accounting principles than with the GRI framework. 
C) Integrated reports give the impression of being more business oriented than socially or environmentally focussed. 
D) Integrated reports appear to target the financial providers. 
A) There are no similarities at all between the integrated and GRI frameworks. 
B) The framework for integrated reporting appears to be more aligned with traditional accounting principles than with the GRI framework. 
C) Integrated reports give the impression of being more business oriented than socially or environmentally focussed. 
D) Integrated reports appear to target the financial providers.

Which of these is regarded as a benefit of triple bottom line reporting for companies practicing it?

A study by Deegan and Gordon in 1996 reviewing the accounts of 197 Australian companies found which of the following types of environmental disclosures?

Which of the following statements in relation to the outcomes of the major studies undertaken in relation to CSR disclosures is incorrect?

An argument against corporate social responsibility is:

Research has found that in Australia, environmental disclosures in annual reports tend to be:

The form of the report recommended by the Global Reporting Initiative include:

The principle of 'stewardship' means that the main focus of accounting is on providing information to:

What is the approach to accounting that focuses mainly on providing information that enables owners to make money?

Briefly outline the essence of the balance scorecard approach.

'How companies manage the business process to produce an overall positive impact on society' is a definition of:

What is the accounting standard on corporate social responsibility in Australia?

Triple bottom line reporting refers to reporting in the three areas of:

In 2018 in Australia, voluntary disclosures in annual reports relating to social responsibility accounting can be described as:

The balanced scorecard approach was developed by:

Aspects of corporate social responsibility are:

Which of the following statements in relation to triple bottom line (TBL)reporting is correct? TBL reporting:

Which of the following is not a measure that can be used for the customer perspective when using the balanced scorecard?

The major challenge seen for triple bottom line reporting is:

Which of these is a standard disclosure for sustainability reporting recommended by the Global Reporting Initiative?

Which of the following statements relating to integrated reporting is incorrect?

Introduction to Accounting

Measuring and Reporting Financial Position

Measuring and Reporting Financial Performance

Introduction to Limited Companies

Regulatory Framework for Companies

Measuring and Reporting Cash Flows

Analysis and Interpretation of Financial Statements

Cost-Volume-Profit Analysis and Relevant Costing

Full Costing

Budgeting

Capital Investment Decisions

The Management of Working Capital

Financing the Business

Filters

Exam 7: Corporate Social Responsibility and Sustainability Accounting

Which of these is regarded as a benefit of triple bottom line reporting for companies practicing it?

A study by Deegan and Gordon in 1996 reviewing the accounts of 197 Australian companies found which of the following types of environmental disclosures?

Which of the following statements in relation to the outcomes of the major studies undertaken in relation to CSR disclosures is incorrect?

An argument against corporate social responsibility is:

Research has found that in Australia, environmental disclosures in annual reports tend to be:

The form of the report recommended by the Global Reporting Initiative include:

The principle of 'stewardship' means that the main focus of accounting is on providing information to:

What is the approach to accounting that focuses mainly on providing information that enables owners to make money?

Briefly outline the essence of the balance scorecard approach.

'How companies manage the business process to produce an overall positive impact on society' is a definition of:

What is the accounting standard on corporate social responsibility in Australia?

Triple bottom line reporting refers to reporting in the three areas of:

In 2018 in Australia, voluntary disclosures in annual reports relating to social responsibility accounting can be described as:

The balanced scorecard approach was developed by:

Aspects of corporate social responsibility are:

Which of the following statements in relation to triple bottom line (TBL)reporting is correct? TBL reporting:

Which of the following is not a measure that can be used for the customer perspective when using the balanced scorecard?

The major challenge seen for triple bottom line reporting is:

Which of these is a standard disclosure for sustainability reporting recommended by the Global Reporting Initiative?

Which of the following statements relating to integrated reporting is incorrect?

Introduction to Accounting

Measuring and Reporting Financial Position

Measuring and Reporting Financial Performance

Introduction to Limited Companies

Regulatory Framework for Companies

Measuring and Reporting Cash Flows

Analysis and Interpretation of Financial Statements

Cost-Volume-Profit Analysis and Relevant Costing

Full Costing

Budgeting

Capital Investment Decisions

The Management of Working Capital

Financing the Business

Filters